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| Israel-Palestine-Jordan |
| Secret defense deal with India propels Tel Aviv rental market northward |
| 2007-02-07 |
| Approximately 40 rental agreements on behalf of a secret delegation of experts from India for exclusive properties in north Tel Aviv and Herzliya Pituah have been signed at record prices over the past month. Scientists, engineers and senior defense personnel have been seeking properties throughout Gush Dan under a cloud of secrecy. The arrival of members of the delegation and their families for three years was agreed upon in the framework of a pact between the Indian government and a leading Israeli defense firm. The real estate market in Tel Aviv and its surrounding areas has yet to calm down from the wave of demand by French, English and American foreign residents, and is now dealing with a new market of clientele with exacting demand, as well as an ensured, steep budget. To assist in their search for appropriate accommodations, the employees were accompanied by representatives of the Indian embassy in Israel, who have approached realtors and lawyers to help locate suitable homes. The Indian representatives were careful to scatter their requests among various offices to avoid attracting attention to, and regulating, the demand, and requested that realtors preserve confidentiality. Each of the employees received a monthly rental budget of $1,700-$5,000 from the Indian government, which exceeds local market prices by tenfold, despite highly saturated market conditions in these areas. These high budgets have yielded results. A four-room, furnished apartment in Azorei Hen, for instance, was rented for $2,000 (compared to the normal market price of $1,500). And a private, 200-sq. m. in Herzliya Pituah, which has been rented for $2,000 a month went for $3,500. One lawyer who accompanied the property owners said that some of his clients were eager to take advantage of the unusual business opportunity. They quickly furnished the properties or even vacated their own homes within days, and began searching for alternative dwellings. "Whoever had a place to go took the money and left." |
| Posted by:john |
| #3 i guess you could say the same thing about them owning all the 7-11's around here |
| Posted by: sinse 2007-02-07 21:16 |
| #2 what do you mean? |
| Posted by: sinse 2007-02-07 21:15 |
| #1 Zoiks - India putting troops on the ground deep in the enemy's rear area? I mean, India establishing cooperative arrangements with a friendly fellow-democracy with unique industrial/technological capabilities. |
| Posted by: Closh Slealing7392 2007-02-07 19:54 |