Maharashtra approves proposal to up contingency fund to Rs 2500-crore

The fixed limit of contingency fund is Rs 150 crore. But the limit was increased to Rs 1,000 crore through an ordinance on April 5 this year.



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Six documents to check when booking a flat

When booking a flat apart from location, price and possession date there are other important things one needs to keep in mind before you finalizing a deal, here's a look at it.



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Realty sector displays positive outlook: Knight Frank survey

Sentiments of home buyers and investors have seen an improvement displaying a strong positive outlook for the real estate sector, a recent survey said.



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New home launches up by 43% in Jan-March: Cushman

Over 55,000 housing units were launched in January-March period in top eight cities of the country, up by 43 per cent from the previous quarter.



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Prepare your finances before buying a house

Given the huge investment and the monthly instalment outgo, it is important to be financially ready to make the purchase.



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Sahara hotels in London, New York attract Gulf billionaires

Sahara’s luxury hotels in London and New York are drawing interest from Gulf billionaires, with initial offers of £1.2 to 1.4 billion made by the parties.



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Gopal Raheja's new will bequeaths everything to daughters

The Raheja family dispute has taken a new twist with emergence of a fresh will wherein the entire property has been bequeathed upon both the daughters.



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Ashiana Housing to expand senior citizen living project

Riding high on growing demand of housing for senior citizens, Ashiana Housing plans to expand its retirement housing segment in three more cities.



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Godrej Properties looking to enter Noida real estate market

Asked as to when the company would launch Delhi project, Godrej said: "It will be in next fiscal. We are waiting for the approvals to start the project."



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Godrej Properties to invest Rs 150 crore on new project in Gurgaon

Godrej Properties would develop 306 apartments in this project, which is spread over 4.5 acre and has a saleable area of 5 lakh sq ft.



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Property index up just 1% in March qtr as buyers wait

The Magicbricks NPA gained just 1% in the quarter to March, indicating that potential home-buyers prefer to wait for the outcome of elections.



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Union Cabinet to take a call on land transfer to Department of Industrial Policy and Promotion for exhibition centre

The Union Cabinet is expected to take a decision tomorrow on transfer of land near IGI Airport for construction of an exhibition centre.



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DLF office leasing up 50% in FY14 to 3 million square feet

DLF Ltd has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in economy.



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Industry chamber suggests slew of steps for Telangana's growth

The chamber suggested that to promote coordination between regions and also to mitigate regional feelings, two-three districts should be taken as an economic unit for development planning and make them as growth centres.



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CCI says no abuse of dominant position by Ansal in Punjab

CCI held that no prima facie case was made out against Ansal Township and Land Development for causing a probe by the Director General.



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Gera Developments launches ChildCentric Homes

"The launch of ChildCentric Homes will create a paradigm shift in the real estate for both, the developer as well as the home buyer."



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Infra sectors to be hit by high land cost

A new government assessment shows that the under the new law, compensation for land is likely to increase four-fold in rural areas.



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Realty tycoon Gopal Raheja wills his wealth to estranged son Sandeep Raheja

Raheja's demise had made the battle for control of empire apparent; but will has cleared all the doubts now, at least until anybody decides to contest it.



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Realty firms hope poll outcome to bring turnaround in market

Makeshift tents erected by real-estate brokers were a common sight across Noida until a year ago; so were home shoppers hopping between new apartments.



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IndiaHomes raises Rs 150cr from venture capital companies

Present in Delhi, Gurgaon, Noida, Mumbai, Bangalore and Kolkata, IndiaHomes plans to expand its presence in other major cities.



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Supertech home buyers may seek review of High Court order

Home buyers in Supertech’s two 40-storey apartment towers in Noida are considering filing a review petition in the Allahabad High Court.



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Cash-rich realtors like Kanakia Group, RMZ, Shriram Properties and others exit partly completed projects at massive discounts

An extremely slow real estate market across segments is pushing debt-ridden, cash-strapped developers to exit partly completed projects and undeveloped land at massive discounts of as much as 40%.



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Supertech home owners may seek review of demolition order

Home buyers in Supertech's two 40-storey apartment towers in Noida are considering filing a review petition in the High Court against its order to demolish the towers.



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Building design must undergo paradigm shift: Raj Rewal, Architect

This is the first time the Gallery is exhibiting works of modern architecture and the show comprising sketches, films, drawings and models is set to continue till June 15.



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Lok Sabha polls 2014: Sachin Pilot faces turbulence, Vasundhara Raje on a high in Rajasthan

For the first phase, 90 companies of central forces and around 50,000 Rajasthan Police personnel will be deployed.



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Noida seals Supertech towers, builder mum on refunds

Homebuyers in Supertech's Emerald Court towers suffered a double jolt on Tuesday as the company called off a press conference and stonewalled demands for a refund.



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Noida Authority seals Supertech's two towers as per Allahabad High Court order

Noida Authority sealed realty firm Supertech's two 40-storey towers with more than 800 flats following the Allahabad High Court's order to demolish the buildings.



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Supertech to approach Supreme Court in 7-10 days against Allahabad High Court order

Supertech today said it will move the SC in next 7-10 days and challenge the Allahabad HC's order to demolish two 40-storey towers in Noida.



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Are you paying a higher maintenance bill for housing society?

According to legal experts, housing societies cannot have by-laws prohibiting residents from keeping pets or charge them extra for it.



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Raze Noida twin towers, HC orders Supertech

A division bench of justices V K Shukla and Suneet Kumar ordered the demolition of the towers "within a period of four months" and ordered the builder to refund their money with "14% interest compounded annually".



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Cyrus Mistry's family owned company accuses its attorney of fraud, illegal land sales

Accusing Prasad of “misusing the power of attorney”, the company said it learnt that he was also “indulging in forgery by fabricating documents”.



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Cyrus Mistry's family owned Shapoorji Pallonji accuses attorney of fraud, illegal land sales

Accusing Prasad of “misusing the power of attorney”, the company said it learnt that he was also “indulging in forgery by fabricating documents”.



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Supertech to challenge Allahabad HC order in Supreme Court

Supertech today said it will challenge the Allahabad High Court order to demolish the company's two 40-storey towers in Noida housing project before the Supreme Court.



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Wentworth Estate of Harrisons Malayalam Ltd bags awards in all categories in the Golden Leaf India Award

Wentworth Estate of Harrisons Malayalam Ltd, R P Sanjeev Goenka Group which produces Goldsland and Goldsland Select tea brands has bagged awards in all categories {leaf, fannings and dust) in the Golden Leaf India Award (TGLIA).



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11 million homes vacant against shortage of upto 25 million units

Urban Development Secretary Sudhir Krishna today said there are 11 million homes that are vacant and out of that 10% lie in the national capital region.



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CommonFloor.com launches commonfloor groups

The new version will offer better communication, management and coordination amongst residents, owners and Resident Welfare Associations.



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Private equity firm Milestone Capital Sells Rs 145-crore Pune property to HNI

Milestone Capital Advisors sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 cr to HNI, marking a potential renewal of interest among such investors in assets.



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Buying a property? Pick one before elections are over

To find a good investment in this market would be to look at specific pockets of the each city where supply is limited to ensure that the room for appreciation is good.



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Consider giving possession of Kurla's Premier Residency flats: Bombay High Court to HDIL

Bombay HC asked HDIL to consider handing over possession of ready flats at its Premier Residency proj at Kurla, saying developer & home buyers should try for out of-court settlement.



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Sobha Developers' sales bookings rise 6 pc in FY14 to Rs 2,343 crore

Sobha's sales bookings rose by about 6% in the last financial year on higher realisation but missed its target due to the slowdown.



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ACME gets order to construct national games village in Kerala

Green technology solutions firm ACME has bagged a contract for constructing the national games village in Kerala.



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Office space leasing falls by 5%, supply down 34% in January-March

Office space absorption fell by 5 per cent, while supply declined by 34 per cent during January- March period as corporates continue to remain cautious about expansion.



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Construction sector sentiment may improve in Q3 FY'15: ICRA

"In fact, companies in the construction and infrastructure sectors form the highest proportion of CDR cases approved in FY13 and first half of FY14," the report said.



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Unitech group firm UCP in talks to sell stakes in 6 projects

Unitech Corporate Parks, a Unitech group firm listed in London, today said the company is in talks to sell its majority stake in 6 IT SEZ/Park projects in India.



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Investment in realty sector dips 65% in 2013 at $1.2 bn

Investors are shying away from making futuristic investments due to suggested regulatory framework changes, which are yet to be implemented.



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Competition Commission imposes Rs 2.4 crore penalty on DLF

Besides, the fair trade watchdog has said that continued non-compliance would result in penalty of Rs 1 lakh every day.



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Unitech group firm UCP in talks to sell stake in 6 projects

UCP had raised about 360 million pounds in December 2006 through an initial public offer on the London Stock Exchange mainly to invest in these projects.



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Hirco to write off 350 million pound Panvel, Chennai township investment

At the time of listing in 2006, Hirco, the investment vehicle for Hiranandani’s two township projects had raised 350 million pounds.



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IndoSpace leases 1.29 lakh sq ft at Chakan industrial park to Delphi

Last year, US-based office furniture major Steelcase had picked up 50,000 sq ft on lease at IndoSpace Chakan Logistics Park at Chakan near Pune.



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GIC Housing Finance to takeover home loan business from promoter companies

The four insurance companies- National Insurance Corporation, New India Assurance Company, Oriental Insurance Company and United India Insurance -would be transferring the home portfolio of their employees to GIC Housing Finance.



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NHB to launch ratings for housing projects soon: RV Verma, Chairman

National Housing Bank today said it will soon come up with a rating for housing projects in association with banks, to help buyers make informed decisions.



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