REITs and Inflation: A Long-Run Perspective

We examine whether REITs provide an inflation hedge in the long run. We also investigate whether the apparent lack of a positive relationship between general prices and REIT returns in prior studies arises from the impact that stock market movements have on REITs. As in most prior research, regression analysis provides no evidence that REIT returns are positively related to temporary or permanent components of inflation measures. We rule out the possibility that a stock market-induced proxy effect is the cause for the apparent lack of relationship between REITs and inflation. On the other hand, we find some evidence that REITs provide a long-run inflation hedge. Johansen (1988) tests for cointegration isolate cointegrating vectors between alternate REIT indices and the CPI over the 1972-95 interval. However, the more standard residual-based cointegration techniques failed to provide similar evidence.

Apartment REITs and Apartment Real Estate

This study employs a "hedged" apartment REIT index to track the performance of apartment real estate and to assess the performance of apartments in efficient mixed-asset portfolios consisting of stocks, bonds and real estate. The hedged apartment index reflects the returns of apartment REITs after the effects of equity REITs and the stock market are removed from the apartment REIT returns. It is demonstrated that the hedged apartment REIT index captures a substantial amount of the volatility unique to apartment real estate. Furthermore, the hedged apartment REIT index does not suffer from the appraisal-smoothing problem and the apparent seasonality of appraisal-based indices, such as the Russell-NCREIF apartment index. Therefore, it would appear that the hedged apartment REIT index can be employed as a proxy for apartment real estate in portfolio allocation decisions. This study provides evidence that apartment real estate should be a candidate for some efficient mixed-asset portfolios.

WASTE MANAGEMENT IN THE PIMPRI CHINCHWAD, PUNE, INDIA

Purpose: To create awareness about utilization of waste Methodology: Survey of utilization of garbage at international level with special reference to Pimpri Chinchwad area of Pune Findings:  Garbage can is utilized for making manure, vermin compost, generating electricity, etc. Social/ Academic Implications: Clean India Green India Originality/Novelty of article:  Recycling of all types of garbage for fruitful utilization. The beginning of civilization led to development around river banks. Things could be managed during those days as people lived in harmony with nature. The scenario changed with industrialization which started creating havoc at the end of 19th century when the industrial revolution took the world of the consumer by leaps and bounds, which led to the concentration of population packets in and around the industrial areas. This rapid change in the development brought forth many challenges before the planning authorities especially the provision of basic amenities and hygienic place of living. The biggest challenge before the administration was and is to manage the waste generated by this large population. The solid waste generation has become a continuous global problem at all levels throughout the world. [1

Are REIT Returns Hedgeable?

This study examines the ability of existing futures contracts to hedge the returns on real estate investment trusts (REITs). The results from various hedging strategies suggest that existing futures contracts do not provide the means to effectively hedge REIT returns. REITs could remain unhedgeable until futures contracts written specifically on REITs are developed.

DESTRUCTION OF RESINOUS COMPOUND FROM WASTE BY USE OF NATURAL ENZYMES

In present scenario huge quantity of waste are produced every day. It contains plastics, waste papers, plastic containers, some of these are degradable, and some of these are non-degradable waste.Non-biodegradable things are present in waste treated with mechanical pulverizing mechanisms and with few of strong chemical. Chemicals such as concentrated Hydrochloric, Sulphuric acids, sulphamic acids and many other hazardous chemicals are used for destroying wastes in simple form or in disperse form. Almost 70% of the waste is being dumped in the soil layer. After certain interval of time compounds present in soils such as salts of the metals and temperature of soil help in decomposing the waste periodically. Due to this process large quantity of soil gets contaminated. In this project we have tried to replace hazardous chemicals with other non-hazardous chemicals and some natural enzymes, which may give same reactions as with toxic chemicals. Objectives may also helps in use of eco friendly chemicals for reducing soil pollution and water pollutions. Hence it will minimize the other impacts on environment such as air pollution, noise pollutions, water pollutions and soil pollutions. All process will carry out under Green Chemistry cycles

Real Asset Ownership and the Risk and Return to Stockholders

Many corporations own a significant amount of real assets and this includes real estate. However, the effect of real asset ownership on the risk and return for a firm’s stockholders is unknown. This study attempts to ascertain the effect, if any, of corporate real asset ownership on the risk and return to stockholders. Using data from 1985 through 1994, the results indicate a lack of diversification benefits associated with holding real assets.

EFFECTS OF SOIL VISCOSITY, SOIL TEMPERATURE, AND SPECIFIC GRAVITY ON PLANTS GROWTH SOWN IN SOIL PREPARED FROM LABORATORY CHEMICAL WASTE

Purpose of the study: The primary purpose of this study is to find out the effect of change in soil viscosity, soil temperature, and specific gravity on growth of plants sown in the soil prepared from laboratory chemical waste collected from an educational institute and with the plants sown in average soil. Methodology: Three-three pots with different soil combinations mixed with solid and liquid chemical waste have been used for growing A. barbadensis Mill, Saussurea obvallata, and Lilium plants. Observations were made every fifteen days for three months by checking plant height, the number of leaves, the color of leaves, and soil temperature for understanding and comparing plant growth with respect to variation in temperature. Later on, density and viscosity of soils have also been checked with specific gravity bottle and viscometer help.  Main Findings: Plants' growth differs with variation in soil viscosity, soil temperature, and soil density. All plants cannot grow potentially at the same temperature, viscosity, and density. A. barbadensis Mill A4 has shown better growth with the least viscosity and highest particle density of soil. Saussurea obvallata BK1 has shown better growth with the least viscosity and least particle density of soil. Lilium L1 has shown better growth with all the moderate values of soil. Applications of this study: This study helped to understand that all the plants have their requirements of nutrients, nutrition, and physical factors for their growth. The study also helped to understand that although the soil has taken initially is the same, viscosity and density of the soil changes due to the plants grown in it. Novelty/Originality of this study: The use of chemical wastes is taken into consideration instead of fertilizers to reduce pollution

AMMI and GGE biplots for G×E analysis of wheat genotypes under rain fed conditions in central zone of India

The highly significant environments, genotypes and G×E interaction observed by AMMI analysis of 17 wheat genotypes evaluated at 8 locations in the central zone of the country. Environments(E), genotypes -environment interaction(GE) and genotypes explained 68.8%, 17.6% and 3.2% of the total sum of squares respectively. First four interaction principal components accounted 33.7%, 30.2%, 14.6% and 12.6% of the G×E interaction variation, respectively. The highest positive IPCA1 score of genotype G8 followed by G11 and G10 supported by yield higher than the grand mean 21.8q/ha. Environments E4 (Jabalpur) and E8 (Partapgarh) recorded maximum yield 32.6q/ha and 28.4q/ha while lowest yield was realized in E1 (Arnej). GGE biplot analysis under polygon view indicated that G13 was better in E6 (Sagar), whereas G1 was better in E7 (Bilaspur) and E8 (Partapgarh). The genotype G1, at the centre of concentric circles, was the ideal genotype in terms of yield performance as compared to the other genotypes. In addition, G15 and G12, located on the next consecutive concentric circle, may be regarded as desirable genotypes

STUDY OF THE EFFECT OF MEDICINAL PLANTS EXTRACTS ON THE INFECTED BLOOD

Medicinal plants are used for treating and preventing the specific disease that affects the human being. There are several species of medicinal plants available in nature; amongst those researchers selected Basil, Zingiber, Azadirachtaindica, Curcuma longa, Carica Papaya, Allium sativum for research purpose. Natural compounds have been isolated from various parts such as leaves, fruits, stem, roots, and seeds of these plants. The present paper is the comparative study of variation in the physical properties like pH, critical solution temperature, and boiling point, etc. of these medicinal plants, individually, in combination ratios and also with the infected blood doped samples