Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52.

South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2.

Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14.

Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27.

Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08.

However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43.
...

The Supreme Court has given the green light for the redevelopment of old residential buildings in Mumbai. The SC’s move could change the face of Mumbai.



With about 19,000 buildings to be redeveloped and a floor space index or FSI of 2.5 and more, about 200 million square feet of residential space is expected to be created in Mumbai, over the next few years.



And on the face of it, more supply may mean lower property prices. But let's not get too excited, considering the time taken to redevelop all these buildings, an impact on property prices will be visible only in the long run, especially in South Mumbai, where most of these buildings are situated.



Another factor that will determine price movement is how much supply actually comes in from the redevelopment. That's because Mumbai is already struggling with poor infrastructure and how much redevelopment it can withstand, remains to be seen. So any definite impact on prices, is still a while away.
...

Banks fearing fall in realty prices; may tighten loan ratio.

Fearing that a fall in property prices may be around the corner, banks are now tightening their grip on the amount of home loan sanctions.



Banks have decided to finance a smaller portion of property value owing to the concern that fall in realty prices may mean unrecoverable defaults.



Kotak Mahindra Bank will lower the loan amount by 70-80%; whereas ICICI Bank and Axis Bank have indicated a reduction of 70% each.
...

Banks fearing fall in realty prices; may tighten loan ratio.

Fearing that a fall in property prices may be around the corner, banks are now tightening their grip on the amount of home loan sanctions.



Banks have decided to finance a smaller portion of property value owing to the concern that fall in realty prices may mean unrecoverable defaults.



Kotak Mahindra Bank will lower the loan amount by 70-80%; whereas ICICI Bank and Axis Bank have indicated a reduction of 70% each.

...

Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52.

South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2.

Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14.

Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27.

Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08.

However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43.
...

The Supreme Court has given the green light for the redevelopment of old residential buildings in Mumbai. The SC’s move could change the face of Mumbai.



With about 19,000 buildings to be redeveloped and a floor space index or FSI of 2.5 and more, about 200 million square feet of residential space is expected to be created in Mumbai, over the next few years.



And on the face of it, more supply may mean lower property prices. But let's not get too excited, considering the time taken to redevelop all these buildings, an impact on property prices will be visible only in the long run, especially in South Mumbai, where most of these buildings are situated.



Another factor that will determine price movement is how much supply actually comes in from the redevelopment. That's because Mumbai is already struggling with poor infrastructure and how much redevelopment it can withstand, remains to be seen. So any definite impact on prices, is still a while away.
...

Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52.

South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2.

Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14.

Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27.

Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08.

However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43.
...

hi friend rpl start it plant on 14 ...

Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52. South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2. Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14. Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27. Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08. However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43. ...

The Supreme Court has given the green light for the redevelopment of old residential buildings in Mumbai. The SC’s move could change the face of Mumbai. With about 19,000 buildings to be redeveloped and a floor space index or FSI of 2.5 and more, about 200 million square feet of residential space is expected to be created in Mumbai, over the next few years. And on the face of it, more supply may mean lower property prices. But let's not get too excited, considering the time taken to redevelop all these buildings, an impact on property prices will be visible only in the long run, especially in South Mumbai, where most of these buildings are situated. Another factor that will determine price movement is how much supply actually comes in from the redevelopment. That's because Mumbai is already struggling with poor infrastructure and how much redevelopment it can withstand, remains to be seen. So any definite impact on prices, is still a while away. ...

Banks fearing fall in realty prices; may tighten loan ratio. Fearing that a fall in property prices may be around the corner, banks are now tightening their grip on the amount of home loan sanctions. Banks have decided to finance a smaller portion of property value owing to the concern that fall in realty prices may mean unrecoverable defaults. Kotak Mahindra Bank will lower the loan amount by 70-80%; whereas ICICI Bank and Axis Bank have indicated a reduction of 70% each. ...

Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52. South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2. Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14. Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27. Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08. However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43. ...

Taiwan's Taiwan Weighted advanced 5.28% or 333.24 points at 6,640.52. South Korea's Seoul Composite added 4.40% or 61.82 points at 1,466.2. Hong Kong's Hang Seng rose 3.99% or 795.86 points at 20,729.14. Japan's Nikkei gained 3.59% or 438.04 points at 12,650.27. Singapore's Straits Times surged 3.57% or 91.87 points at 2,666.08. However, China's Shanghai Composite was down 0.27% or 6.01 points at 2,196.43. ...

US Futures up by 2.5 percent on Sunday. The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis. The historic move announced Sunday won support from both presidential campaigns. "Effectively, the federal government has now become the nation's mortgage lender," he said. "This takes a major financial threat off the table." Futures on all major stock indexes rose about 2.5 percent in electronic trading Sunday night, another sign of investor relief about the takeover plan ...