Prince dande group

Dance Group from Orissa, reached the finals of the unique TV show, "India's Got Talent", hosted by Colors TV. Prince Dance Group's achievement is no small, as two of its members are suffering from Polio. Most of the members of the group belong to poor and lower middle class families. Their dedication and devotion towards dance, overwhelmed not only the public, but also the judges Shekhar Kapoor, Sonali Bendre and Kiran Kher.

Orissa Chief Minister Naveen Patnaik was astonished by the performance of the group. He appreciated the efforts of the group and said that he would personally vote for Prince Dance Group to see them win the competition. He also urged everyone to vote for them.

There was high emotion on the stage, when the group danced to the tune "Sare Jahan Se Achha" during the semifinals. The judges were left speechless and the crowd was on its feet to hail the dancers. "This is definitely a world-beating act", said Shekhar Kapoor.

The Prince Dance Group was formed by 26-year-old Krishna Reddy with the help of others in Berhampur in Orissa. Most of the members are from the weaker section of the society. Padmanabha Sahu (24) and Telu Tarini (13) are polio-stricken and physically challenged. The Prince Dance Group were never trained by anyone. Whatever they do and perform, they learnt it on their own.


The grand finale of "India's Got Talent" will be held on August 22. The final will be telecasted live on Colors TV from 9 PM onwards. To vote for Prince Dance Group, you can write "PD" in your message box and SMS it to 56882. All eyes will be on the grand finale to see whether the Prince Group will be able to create history or not.
Breaking News! People in Orissa erupted into joy and celebration at the stroke of midnight today, as Prince Dance Group from Berhampur in the state, created history by winning the "India's Got Talent" reality show hosted by Colors TV. Prince Dance Group remained the most favourite team to win the reality show from the very beginning. The group comprised of two polio-stricken guys and mostly labour class people, won millions of hearts across the globe.

The Prince Dance Group brought glory and laurel to the state and opened a new chapter in Orissa's art and entertainment history. They were outstanding both in the semifinals and the grand finale. However, their final act of "Dashabatar" was just mind blowing and swept the crowd off their feet.

The Prince Dance Group was formed by 26-year-old Krishna Reddy with the help of others in Ambapua in Berhampur. Most of the members are from the weaker section of the society. Padmanabha Sahu (24) and Telu Tarini (13) are polio-stricken and physically challenged.

The Prince Dance Group were never trained by anyone. Whatever they do and perform, they learnt it on their own. With this victory, they received a cheque of Rs 50 lakh and a Maruti Ritz car.

There was a huge SMS campaign in support of Prince Dance Group, initiated by public, media, filmstars, bureaucrats, students, business establishments and politicians. Even Chief Minister Naveen Patnaik personally voted for the group and vouched for its success. Sand artist Sudarshan Patnaik also campaigned for Prince Dance Group.

Chief Minister Naveen Patnaik has congratulated Prince Dance Group for winning the show. It has been a great moment for Prince Dance Group and people of Orissa, which will remain special forever. Heartiest congratulations from Breaking News Online to Prince Dance Group for its historic achievements.

REAL ESTATE AND INDIAN ECONOMY

Real estate economics is the application of economic techniques to real estate markets. It tries to describe, explain, and predict patterns of real estate prices, building production, and real estate consumption. The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets. Both draw on partial equilibrium analysis, urban economics, spatial economics, and finance.

Unlike certain industries where there has been some sort of stagnation in the recent past, the scenario is different in the case of housing industry. The housing sector in the country which was passing through a recessionary phase has witnessed dramatic changes over the last few years coupled with the much needed recovery from the recessionary trends and gaining a never-before buoyancy. In a lackluster economic scenario, housing is among a few sectors to have defied the adverse trend. The last couple of years saw the fast transformation of housing sector into a crucial sector of the economy. The reversal of the recession in real estate and housing sector set in motion a few years back has been gaining further acceleration.

A host of factors have contributed to the buoyancy in the housing sector. In its continued thrust on housing, the Union Budgets during the past few years have taken several measures to extend fiscal incentives and simplify procedures that have gone a long way in giving a significant impetus to the housing sector. Apart from the Government support, factors such as increasing number of dual income families, high salaried employees with high purchasing and borrowing powers, bottoming out of property prices, decreasing interest rates, easy availability of home finance, a stock market shy of regaining its earlier momentum etc. have contributed in a significant measure to the resurgence of the housing sector. The Government of India have also been adopting several measures to encourage NRI investment in housing and real estate development for promoting the flow of foreign exchange to the country.

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India is proving at least as intriguing:-
Indian real estate market values now are appreciating 30% annually, and total market value is projected to leap from US$16 billion in 2006 to over US$60 billion by 20101. Since 2005, when India eased foreign real estate ownership constraints, opportunities have opened across every sector. Investors clearly are taking notice. Foreign direct investment surged from 5% of all Indian real estate holdings in 2004 to a likely 26% this year2.
For individuals and institutions frustrated by falling capitalization rates in the U.S., the question may no longer be “Why India?”, but “Why not?” The world’s most populous democracy, India boasts a fast-developing, infrastructure-focused economy behind only the U.S., China and Germany in purchasing power. India’s gross domestic product, driven by extraordinary success in outsourced information technology (IT) and related services, is expanding at 8.5%3 annually, among the highest growth rates worldwide.
India is home to the largest English-speaking workforce outside the U.S, has a median age of just 24 and produces 2.5 million employable college graduates each year4. Rising incomes, a fast-growing population, and younger Indians’ desire to live outside extended-family homes are driving retail and residential development. The booming economy also is fueling demand for much larger, more tech-savvy office and logistics facilities.
In short, Indian real estate may be a tremendous opportunity for those who understand the risks. With or without Indian joint venture partners, foreign investors can face legal, regulatory, operational and cultural barriers. Those seeking to finance, develop and/or manage property may be wise to engage local advisors across every relevant discipline.
Why India? – and Why Now?
Commercial real estate in India has yielded impressive gains for the past two years, reflecting skyrocketing demand and constrained supply. Available, structurally sound, adequately equipped and attractive housing or business property is limited in both major cities and emerging business locales. Annual return rates now exceed 20% for office, 25% for retail and 75% for existing and newly developed residential property5. Annual market value appreciation for Indian real estate is now 30%, annual commercial property returns in Bangalore and Hyderabad are running about 12%6, among the highest in the world.
Consider office space. Driven by the IT industry’s 50% average annual growth7 rate since 1993, office buildings frequently are fully occupied at completion, and demand is projected to triple nationwide -- to at least 60-80 million square feet -- in the next three years8. Office and manufacturing demand are escalating in cities such as Pune, Hyderabad and Chennai, which may offer better infrastructure, lower costs and more available land than the traditional destinations of Mumbai, Delhi and Bangalore. In retail, large-scale malls and multiplexes are springing up nationwide. Yet, only 2% of retail sales come from modern retail9, suggesting major opportunity for organized retail. Hospitality is following suit as Indian and foreign-based travelers, both business and leisure, multiply.
In residential real estate, which constitutes 75% of India’s real estate market10, demand is being intensified by urbanization and easier credit access. Statistics are complicated by India’s large homeless population, but estimates of the current housing shortage run as high as 20 million homes annually, half in urban areas. Despite the construction of about 4.5 million new homes annually, demand11 estimates spiral further upward in coming years.12 A partial solution -- and an intriguing investment opportunity -- may lie in new, mixed-use “townships” that combine residential, office and retail facilities. Indian developers are embracing the concept of these self-contained communities, particularly in the vicinity of smaller and mid-size cities, that may each house thousands of residents.
Other notable prospects: bridges, ports and other infrastructure that can facilitate the nation’s growth. Large, undeveloped tracts held privately or by government entities, such as Indian Railways and state governments, also may be available for development.
Fresh Approach, Fresh Environment
In the early 1990s, India began reforming interventionist economic policies that had shackled growth. Trade barriers were lowered and capital markets liberalized, helping spark this decade’s outsourcing boom.13 India since has restructured onerous corporate tax codes and strengthened stock market regulation, among other moves. In real estate, the government has repealed restrictive land ownership laws, rolled back property taxes and revised rent control policies that had been weighted against owners.
Inconsistent local urban renewal policies have been replaced by cohesive regional frameworks. And where development scale often has been limited by lack of institutional financing, perception of real estate as a risky investment, and fragmented land ownership, new regulations squarely aim to encourage large projects.
The most compelling change for offshore investors clearly is 2005’s foreign direct investment (FDI) reform. That ruling allows FDI of up to 100% in new development, subject to minimum project size, capitalization and other standards. Investments may be made directly, with joint venture partners, through holding companies -- or in various combinations of those vehicles – in a choice of explicitly defined ownership structures.
While qualifying projects are subject to applicable zoning and construction laws, they’re exempt from standard, often time-consuming development approval processes.14
Among the opportunities: townships, housing, infrastructure, commercial property, hotels, hospitals, schools, recreation facilities, and city and regional infrastructure. Certain project types are tax-advantaged, as are investments made through holding companies in countries with which India has favorable tax treaties, including Mauritius, Singapore and Cyprus. In addition, India has launched “special economic zones” in which activity – including real estate development -- is largely tax free.
One result has been a proliferation of new players, such as financial institutions, venture capitalists, real estate private equity funds and foreign-based commercial real estate brokers. New vehicles include closed-end real estate mutual funds, which were approved last year. New public offerings are booming. In late 2006, Indian real estate developer Unitech raised $700 million in a public offering on the London Stock Exchange’s Alternative Investment Market. Another leading real estate player, Parsavnath Developers, raised $225 million domestically – and was oversubscribed by 62 times.15
There’s also the question of how India and China compare as investment prospects overall. Both have booming economies, rising middle classes and populations over one billion. India’s economy is service-based, while China’s is manufacturing-driven. India offers English fluency, outsourcing leadership and democracy; China has higher per-capita literacy,16 a developed infrastructure and a history of government support for enterprise zones and other FDI. China leads widely in FDI overall, with $60 billion to India’s $5.3 billion.17 But China forbids private ownership of land, which must be leased from the government. Investors also confront bureaucracy and poverty in both nations.