Tej Kohli Business Blog

Grossing more tham $36 million in sales in its sixth week, Avatar is rated the top movie and the second highest Hollywood grosser of all time in the US and Canada.

Sony Corp.’s Legion grabbed the second spot with sales of $18.2 million, said researcher Hollywood.com Box-Office in an emailed statement.

Directed by James Cameron, this 3-D adventure has managed to rake in $552.8 million in the US alone, since its release on December 18, outdoing last year’s biggest hit ‘The Dark Knight’ in sales. The 1997 blockbuster ‘Titanic’, which is also directed by James Cameron, till date rules the No. 1 spot  in sales taking in $600.8 million, in the US alone, said Box Office Mojo, a researcher based in California.

“No one could have reasonably expected Avatar to gross this much before it came out,” said Brandon Gray, president and publisher of Box Office Mojo. “But it’s a picture that is blatantly meant to be seen on the big screen and people are responding.

Avatar, from the News Corp.’s Twentieth Century Fox, also won the Golden Globe Award in the Best Drama genre last week. James Cameron got the directing award at the same event. Nearing the Titanic record of $1.843 billion, Avatar has raked in around $1.841 billion in sales worldwide, reveals a data from Hollywood.com Box-Office. According to the Box Office Mojo, ‘Titanic’ still holds the US record for staying at the top position for 15 consecutive weekends.

At the second spot is ‘Legion’, a horror thriller, starring Paul Bettany and Tyrese Gibson. The story revolves around an angel who tries to safeguard human race from a looming apocalypse.

Falling from second to the third slot with $17 million in sales is ‘The book of Eli’ by Time Warner Inc., a post apocalyptic thriller featuring Denzel Washington.

Opening at No. 4 is ‘Tooth Fairy’ from Twentieth Century Fox with $14.5 million in sales. Starring Dwayne Johnson and Ashley Judd, this children’s comedy tells the tale of a Pro hockey player, who’s forced to wear a tutu and wings to convert into a tooth fairy for one week.

CBS Films debut release, ‘Extraordinary Measures’, took 7th position grossing $7 million. The movie stars Harrison Ford and Brendan Fraser, and is a story of a medical researcher who sacrifices everything to find a cure for his 2 children’s rare genetic disorder.

According to Hollywood.com, the sales for the top 12 movies rose 4.2 percent to $134.9 million from $129.5 million in last year.

For more updates on business news around the world, keep reading Tej Kohli Business Blog.

Tej Kohli Real Estate

Tej Kohli on PR Web 

Check out the Tej Kohli’s updates on a recent report by the research arm of CB Richard Ellis Group, CBRE Econometric Advisors (CBRE-EA), which says that the US commercial real estate investors may have to wait for another year to see their returns start growing. Read this exclusive report at Tej Kohli Business blog:

According to a report issued by the research arm of real estate services company CB Richards Ellis Group Inc., Commercial real estate investors in the US may have to wait until next year to see begin to grow, since returns are likely to remain negative this year.

“The worst is behind us because (values) won’t be dropping as fast” told Serguei Chervachidze,CBRE Econometric Advisor in statement to a news agency. “That translates into total returns as well. The greatest declines probably occurred in the third-quarter 2009, although fourth-quarter returns are not yet available.”

This forecast was based on the NCREIF Property Index, which calculates total rates of quarterly returns formed on a huge pool of commercial property owned by private investors.

Hitherto, total returns, net operating income plus the value change of a property portfolio over a year, have dropped by two figures, since it reached peak in 2007 end.

Since then, the total returns have fallen 23 percent for the US office properties and 21 percent for the warehouse and distribution centers. Retail property returns fell 15 percent until now, while the apartment building returns are almost 23 percent down - as reported in the NCREIF Index.

Using the index’s findings, CBRE -EA concluded that returns, in the most likely circumstances, should remain negative all through 2010 and may take 3-10 percent positive upswing in 2011.

The report sees values eventually depreciating 30 percent to 53 percent from its highest in Oct-Dec 2007. Following the slump from that time, values have come down to about 1/3 to 1/2 now.

Cap rates, which are inversely proportional to the prices, are predicted to increase another 0.6 to 1 percent by mid 2011, according to the CBRE-EA base-case forecast. Presently that cap rates for office property are approx 6.3 percent, for warehouse and distribution centers 6.96 percent, for retails properties 6.54 percent and for apartment buildings 5.39 percent.

The report forecasts cap rates gradually dropping, in other words, values gradually increasing to 2005 and 2006 levels by 2012.

“If this forecast is to be believed, commercial investors certainly don’t have a reason to rejoice anytime soon”, said Mr. Tej Kohli.

Abu Dhabi gives Dubai $10 billion to meet debts - Tej Kohli

Just in the nick of time, Dubai gets $10 billion bailout from Abu Dhabi to cover its debts.

As Abu Dhabi agreed to bail out its indebted neighbor Dubai with $10 billion dollar in surprise aid, markets across world heaved a sigh of relief. Having seen Dubai’ s bonds and equities falling significantly, Abu Dhabi looks convinced that its wayward fellow has got its lesson. Despite creating a luxurious playground of 5-star hotels and shopping malls, Dubai failed to attract millionaires, celebrities and tourists causing falling real estate costs and decreasing revenues at quasi-government entities like Dubai world.

Tej Kohli says that the benefits to Abu Dhabi are obvious. Dubai shocked investors across the world when it announced on November 25 that it’s asking creditors for more time to repay $26 billion in bonds and debts from Dubai world. As a result investors began dumping shares in Dubai’s biggest companies, and Abu Dhabi felt the jolts too. “While the ADX General Index of Abu Dhabi’s leading shares lost 15% soon after the announcement,  equities in other Middle Eastern countries like Qatar and Bahrain were also affected, Mr. Tej kohli pointed out in his Ozone Real Estate newsletter.

Around 80% of all UAE debts rests with Dubai, while 80% of that with the Dubai World, which is by far the biggest company in Dubai.

Received just in the nick of time, $4.1 billion of the money was allocated to Nakheel, a property developer owned by Dubai world to pay back investors in an Islamic bond maturing that day. The remaining funds will be used to help government-controlled holding company Dubai World, which has asked creditors to agree to restructure $26 billion of its debt, up until the end of April 2010.

Tej Kohli who is best Dubai real estate investor and owner of Ozone Real Estate had stated before that real estate business will be booming in Abu Dhabi and Dubai. But there are buzz in the market specially in India and south Asia countries like Pakistan and Sri Lanka that Real Estate company had sent notices those on E-id celebration on their home town that “there is no need to return back to their work and the dues money with salary and belongings will be send through air”. Means this year when the people come to their home for E-id celebration from  Dubai and Saudai Arabia they fired by Real Estate companies due to slum down in Dubai real estate .

During this time press person had reached to Tej Kohli and inquiring about his concern while he was very positive to take Dubai real estate market. During that time Tej Kohli stated that this is only a bit part of the whole Dubai Real Estate business and the situation will be changed soon .

Now the press media are flooded with Dubai Real estate price hikes this shows that the vision  of Tej Kohli is come true . Because Dubai market shows 10% hike in the residential property.  According to Tej Kohli this is only official announcement but actual prices may be vary because requirement of the residential area in Dubai is increasing and now Dubai is Global business hub so the companies as well their employees which are increasing thus the prices are also increasing.

Read More Tej Kohli in Media

Tej Kohli On estatesdubai.co

Tej Kohli On albawaba.com

Tej Kohli On earthtimes.org

Tej Kohli On prweb.com

Tej Kohli On REC News

Tej Kohli Grafix Visitor Tracking

Tej Kohli On Grafix Softech Announcement

Tej Kohli is quite optimistic about the recent surge in the Dubai Real Estate market. Colliers Dubai Price Index for the 3rd quarter of 2009 indicates a 7% growth in property prices from the previous quarter this year.

Besides this,  a 64% increase is also noted in the transacations made during the same quarter. The experts attribute this increase in property rates to the fading recession and the increasing job security among the expatriate workers. Tej Kohli, himself is a real estate investor and founder of the ozone real estate group has several real estate ventures coming up in the Emirates.

To know more, check out these links:

Tej Kohli Real Estate News

Dubai Real Estate updates by Tej Kohli

Dubai Property Prices Increase: Tej Kohli

Ozone Real  Estate

Also there many Online News Agency which publish Tej Kohli News

Tej Kohli News On estatesdubai.com
Tej Kohli News On albawaba.com
Tej Kohli News On earthtimes.org
Tej Kohli News On PrWeb
Tej Kohli News On REC News
Tej Kohli News On topix.net
Tej Kohli News On earthtimes.org

Tej Kohli cracks a funny joke. After all, all is fair in Business…

A shopkeeper was dismayed when a brand new business much like his own
opened up next door and erected a huge sign which read ‘BEST DEALS.’

He was horrified when another competitor opened up on his right, and
announced its arrival with an even larger sign, reading ‘LOWEST PRICES.’

The shopkeeper panicked, until he got an idea. He put the biggest sign
of all over his own shop. It read: ‘MAIN ENTRANCE’