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Thursday, May 8, 2014

Plz share any property related news, pics, events !

Plz share any property related news, pics, events for uploading on the Flourishing Property Blog. You can use the Contact Form in the Top Right to contact us.

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Property prices crash 30% as buyers hold on cash till election verdict


Stocks have been rising on the expectation that Mod will be well-placed to form a stable govt, but that assurance doesn't seem to have enthused people to buy homes.


BANGALORE|MUMBAI|NEW DELHI: Not all asset classes have been on a bull run in anticipation of the election result on May 16, when votes will be counted. Stocks may have been surging over the past few months but the secondary residential market has been going the other way, according to anecdotal evidence and the data that's available.

Prices of tens of thousands of homes built by local builders and investors in the metros have crashed by as much as 20-30 per cent in the past one year, with their owners desperate to exit a market in which buyers seem to have completely disappeared. 


with thanks : Economic Times : LINK : for detailed news




BlackBerry to Sell its Canadian Real Estate for $278 Million


blackberry_waterloo_office_canada_reuters.jpg

Smartphone maker BlackBerry will sell a majority of its real estate holdings in Canada to real estate investment firm Spear Street for about $278 million.

The move is being seen as a part of the Canadian handset maker's broader efforts to conserve cash and fund turnaround efforts amid intense competition from Apple's iOS and Google's Androidoperating system-based smartphones.

As part of the deal - expected to conclude this month - with Spear Street, BlackBerry will sell over 3 million square feet of space and vacant lands. It will lease back a portion of the space and Waterloo (Ontario) will continue to serve as the company's global headquarters.

In a statement last night, BlackBerry said: "Spear Street Capital, LLC has waived its due diligence condition pursuant to BlackBerry's previously-announced agreement to sell the majority of BlackBerry's real estate holdings in Canada. Spear Street has agreed to purchase the properties for Canadian dollars 305 million or approximately $278 million."

with thanks : gadgets ndtv : LINK : for detailed news.