Demand for houses declines in third quarter

The slowdown in economy coupled with rise in interest rates and uncertain job prospects has hit the demand for real estate.



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Hiranandani emerges as highest bidder for Hirco Plc’s township in Chennai

Hiranandani Group has emerged as the highest bidder for Hirco Plc’s township in Chennai which was auctioned by the lender Housing Development Finance Corporation.



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Unitech signs Rs 1,100-cr leasing deal with Aricent, Fidelity

Unitech has leased about one million sq ft office space in its under-construction SEZ at Gurgaon to Aricent and Fidelity in a deal that would give about Rs 1,100 crore rental income over 15 years.



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Realty companies wake up to brand value, challenge infringement

Developers say that with increasing competition and a variety of properties coming up, brand names are an important determinant of product value.



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Office space demand to grow by 7% in 2014: DTZ

Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says DTZ.



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India's realty sector remains favoured destination: Report

Business leaders in the sector expect a strong revival for the housing industry if a stable government is formed May after the general elections.



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Pakistan to consider granting non-discriminatory market access to India

Pakistan said that it was considering granting the NDMA to India in return for significant reduction in duties imposed on its exports, especially textiles.



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National Housing Bank to tap $200 mn ECB window within a fortnight: RV Verma, Chairman

RV Verma said with this, home loan companies will achieve the target of raising $1 billion in FY14 through the ECB window, offered for financing affordable housing.



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Tata Housing to invest Rs 700 crore on housing project in Chennai

Realty major Tata Housing today said it will invest over Rs 700 crore to develop a new housing project in Chennai under the Tata Value Homes banner.



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IDFC Alternatives raises Rs 750 crore real estate fund

"This is the right time to plough money into the sector and structure transactions that will provide high yields going forward," says Sinha.



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Builders flout rules, sell flats in projects sans clearances

By luring investors to book flats by paying just 10 per cent to 20 per cent before the first brick is laid, developers manage to sell 200 to 300 flats.



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Selling a house? Here is a guide to cutting your losses

Experts say that the contents of the agreement should include the minutest detail, be it clauses or the conditions under which both parties can terminate the agreement.



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Entry of high-speed elevator manufacturers bring a paradigm shift in high rise buildings

Real estate progressed in leaps & bounds in last decade and one can marvel at rapid growth of high rise buildings across the country, be it in the inner cities, suburbs or 2nd tier towns.



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Real estate firm Ajmera Mayfair Realty to raise Bahrain project investment to $300 mn

Indian real estate firm Ajmera Mayfair Realty will increase its current investment in Bahrain Bay Development from USD 30 million to USD 300 million



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Jerry Rao’s realty firm forays into mid income homes

Jerry Rao promoted VBHC, which is known for its affordable homes, is foraying into mid income housing category with a new project in Bangalore.



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Taurus Investment Holdings draws up Rs 1,200-crore scheme near Technopark

Taurus Investment Holdings has drawn up a Rs 1,200 cr scheme for developing a social infrastructure close to Kerala's IT hub Technopark.



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Election code of conduct hits realty firms

"Approvals have slowed down in the last one month in Noida and Ghaziabad. There seems to be some fear in the minds of officers," said RK Arora.



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Homi Bhabha's bungalow put on the block, priced at Rs 257 crore

The iconic bungalow where Dr. Homi J Bhabha, father of India’s atomic energy programme lived for years, has now been formally put on block.



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Get ready to ride the fourth wave on D-Street! Here's how

Look for good & clean cos, as well as mega themes to zero in on winner stocks, say Ambit Capital.



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How should investors get ready to ride the fourth wave on Dalal Street

Look for good & clean cos, as well as mega themes to zero in on winner stocks, say Ambit Capital.



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Unitech sells 11 acres of land to pay LIC loan

Unitech has sold two plots of land in Mysore and one in Bangalore with a total area of 11 acres for more than 130 crore.



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DLF gets Rs 93.5 crore from IDFC against sale of Noida IT Park

India's largest realty firm DLF today said it has received Rs 93.5 crore from IDFC as final instalment for acquiring an IT Park project in Noida.



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IT searches Hiranandani group in Mumbai, other places

Sources said some alleged mismatch on Tax Deducted at Source (TDS) receipts related to payments made were also being verified during the operations.



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Unitech sells 10 acres of land for Rs 130 crore to repay debt

Unitech currently has debt of about Rs 6,200 crore, including Rs 150-200 crore from LIC.



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Life Insurance Corporation close to seizing Unitech's Noida land

Bankers said "notional possession" is a step short of taking physical control of an asset, although the property remains under the company's charge.



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Should you participate in land pooling or not?

While the benefits of land pooling are higher for landowners, there are a few risks as well. Beware of these before you take the plunge.



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Bosch Ltd bets big on energy service business through investments in green buildings

"We have a team of 50 in the energy division and we remain optimistic that by the year 2020, the market for this would almost double," Venugopalan said.



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CHD Developers buys 10.5 acres of land in Gurgaon for Rs 300 crore

The national capital-based developer is already developing two projects in Gurgaon and is looking to expand presence in the city.



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Tata Housing sells 250 flats for Rs 100 cr via online campaign

Tata Housing said it has sold 250 flats worth about Rs 100 cr in five housing projects during its four-day online campaign, despite a slowdown in the property market.



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Mumbai slips in list of most expensive rental accommodation

Mumbai has slipped to 28th position in the list of world's most expensive locations for high-end rental apartments sought by expats, but still remains the costliest city in India.Mumbai has slipped to 28th position in the list of world's most expensive locations for high-end rental apartments sought by expats, but still remains the costliest city in India.



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SSP Kanpur transferred, doctors strike in Lucknow continues

The High Court had yesterday directed the state government to transfer SSP, Kanpur and ordered a judicial probe into the matter.



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Housing sales in Hyderabad fall by 4% in 2013

Hyderabad saw 4% drop in housing sales in 2013 to 16,500 units but volumes are expected to pick up from year-end on hopes that uncertainties will fade away with the decision to form Telangana.



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Motilal Oswal Real Estate achieve first close of real estate fund at Rs 225 crore

The Fund is targeting to raise Rs 300 crore with a Green Shoe option of Rs 200 crore.



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Fancy things that your real estate agent might tell you

The enthusiasm of buying a plush new apartment can get you stalled between tall claims and misleading promises.



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Sobha of apartments where IT titans live takes a knock

Authorities allege that Sobha encroached 9.3 metres, where the property’s compound wall and water storage system exist.



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Tata Housing to invest Rs 1,200 cr in retirement homes

The company has ventured into Maldives market and is actively exploring other markets including Sri Lanka and other South Asian countries.



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Which city has highest office rental?

Office rentals may have seen a huge shakeup in the recent past. But New Delhi continues to rank among top 10 cities with highest rentals. On top of the heap is London.



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Builders under scanner for over Rs 20-crore service tax evasion

Two real estate firms in Noida have come under the scanner of central excise department officials for allegedly evading service tax of over Rs 20 crore.



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