Five smart things to know about Power of Attorney

Bank accounts, security trading accounts, investment transactions in property, mutual funds and securities can be operated using the power of attorney.



from Real Estate-Markets-The Economic Times http://ift.tt/1lqSOUK

New Bill on Delhi apartment ownership in the offing

To address the problems of owners of apartments in the national capital, the Govt is mulling introduction of a fresh Bill to replace the Delhi Apartment Ownership Act, 1986.



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DDA to hike interest rate for housing registration deposits

It was also decided during the meeting that computerised bills would be made available for Dwarka sub-city and Lok Nayakpuram by June 30.



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Investors ready $1 billion war chest for office assets in India

Foreign PE funds & pension funds are among investors that over last 12 months have committed to invest over $1 bn to buy or build commercial property in India.



from Real Estate-Markets-The Economic Times http://ift.tt/1mvEO18

Government may propel India to score high on realty transparency: Survey

India, which scores lowest in realty transparency in Asia Pacific, may be in a stronger position, mainly due to reforms that Modi-led govt may take, says a survey.



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Cement price hike: Builders threaten to stop work

With the increase of Rs 70 per cement bag, it will affect the already sluggish construction activity, said CREDAI officials.



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ASK Group exits investment in Pune property for Rs 87 crore

The investment of Rs 37 crore made in the project has given a return of 2.35 times recording an IRR (internal rate of return) of 30 per cent.



from Real Estate-Markets-The Economic Times http://ift.tt/1pNQbCt

Omaxe's gross debt reduced by 42 per cent in 5 years since FY10

Realty firm Omaxe today said its debt has reduced by nearly 42 per cent in FY'14 compared to the 2009-10 levels on the back of continuous construction.



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Parsvnath Developers to raise more than $167.5 million by divesting land assets

Parsvnath expects to raise more than Rs 1000 cr over next 18 months through sale or joint development of its land assets in southern & western India.



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Budget 2014: Four essential announcements for a much needed fillip to the realty sector

The sector is looking forward to the budget outlining proactive measures to tackle the serious issue of inflation, as interest rate rationalization is a must so that home sales can pick up again.



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'Mumbai metropolitan region emerging growth centre for realty'

According to the property consultancy firm, there has been a significant increase in demand for commercial and residential properties.



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Budget 2014: Hoping for progressive policies on FDI in real estate

The Indian real estate industry is now replete with hope that the new government will be able to re-establish the country as an economic force.



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Conservation of built heritage included in Delhi Master Plan

DDA has dedicated a chapter on conservation of built heritage in the city's master plan, a step that is likely to prove a boon for "unprotected" monuments and buildings.



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Indiareit Fund Advisors invests Rs 150 crore in Omkar Realtors

All major approvals for the project have been secured and apart from the equity funding, the developer is looking to raise debt.



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Transparency, timely approvals can reduce home prices by 20%: Deepak Parekh

Parekh pitched for banks and housing finance companies being allowed to fund land transactions during periods when there was no real estate bubble.



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Indian Green Building Council targets 10 billion square feet green building area by 2022

IGBC is a part of CII-Godrej Green Business Centre, which is actively involved in promoting the green building movement in India.



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Indian Green Building Council targets 10 billion square feet green building area by 2022

IGBC is a part of CII-Godrej Green Business Centre, which is actively involved in promoting the green building movement in India.



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Kerala government cancels clearance to DLF project

Left Democratic Front members, who staged a walkout later, alleged corruption and political favouritism in giving "hasty clearance" to the project.



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Rising Inflation: Narendra Modi government mulls creation of a real-time system to keep track of prices

The PMO Is mulling such a system as it could help coordinate more effectively with official agencies, state govts to try and balance supplies and moderate prices on a proactive basis.



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Global financial services firm Xander to buy Tata Realty and Infrastructure-owned Infinity Tech Park for Rs 650 crore

The deal signals renewed interest by private equity funds to build commercial real estate assets in India as it offers annuity returns for a longer tenure but with minimal risks.



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PMO mulls creation of a real-time system to keep track of prices

The PMO Is mulling such a system as it could help coordinate more effectively with official agencies, state govts to try and balance supplies and moderate prices on a proactive basis.



from Real Estate-Markets-The Economic Times http://ift.tt/1peJOrt

Mahindra Group to launch affordable housing projects in Chennai and Mumbai

Apart from these projects, the company has two more in the pipeline in Maharashtra, one of them being in the Mumbai Metropolitan Region.



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Mahindra Group to launch affordable housing projects in Delhi and Mumbai

Apart from these projects, the company has two more in the pipeline in Maharashtra, one of them being in the Mumbai Metropolitan Region.



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Get more from your serviced apartments, but be prepared for additional costs

"I did not want to sell them for a pittance and moving them to Bangalore wasn’t an option because it would have cost me a fortune," says Pai.



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KPMG plans to lease over 7 lakh sq ft of office space in Bangalore

The transaction comes at a time when the sector has been marred by the economic downturn that resulted in a significant decline in office space absorption across the country.



from Real Estate-Markets-The Economic Times http://ift.tt/1lpXwlj

Global professional services firm KPMG plans to lease over 7 lakh sq ft of office space in Bangalore

The transaction comes at a time when the sector has been marred by the economic downturn that resulted in a significant decline in office space absorption across the country.



from Real Estate-Markets-The Economic Times http://ift.tt/1uvS3iw

Housing for poor: Delhi government asked to curtail project

The estimated cost of these projects was Rs. 3,244 crore. Fifty percent of the amount had to be borne by the central government.



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Delhi Development Authority to roll out 'largest-ever' housing scheme by July end

"Most of the families want to shift and it is only a handful of them with some vested interest who are opposing it," a DDA official said.



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Omaxe eyes 20% rise in sales booking in FY15 at over Rs 2500 crore

The company's sales bookings fell by 11 per cent during last fiscal to Rs 2,107 crore against Rs 2,373 crore in the year before.



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Model code of conduct delayed correction typographical error in the land acquisition act

The Land Acquisition Act also allows the landowner to reclaim land if the state hasn’t been able to determine compensation for it within a five-year period.



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Government mulls hike in income tax exemption limit from Rs 2 lakh to Rs 5 lakh

Narendra Modi government may increase the income tax slab limit for exemption from Rs 2 lakh to Rs 5 lakh, news channel reported quoting its sources.



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Brookfield Asset Management to buy Unitech Corporate Park assets for Rs 3,500 crore

Brookfield already owns 16.65% in Candor and is seeking to buy out stakes from other investors that include RBS AA Holdings (UK) Limited (20.08%), SC Fundamental (13.69%) and Roveda Holdings (9.01%).



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Arbaaz Khan to inaugurate Indian Property Show in Dubai

The show is specially designed to meet the needs of NRIs in the Middle East featuring the latest projects in India and diverse offerings from developers, the organisers said.



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Noida builders unable to hand over completed homes as National Green Tribunal stops delivery

Developers in Noida say they have in past 7 months since tribunal's order lost close to Rs 1K cr as they have been holding on flats, paying interest on their loans & penalty to home buyers.



from Real Estate-Markets-The Economic Times http://ift.tt/1oOwoQR

Pitfalls to avoid when you opt for housing redevelopment

From running a background check on the developer to securing adequate reimbursements, here’s how not to get short-changed by the developer.



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Redeveloped government colonies in Delhi may offer homes, offices to public

Private citizens may soon be able to buy homes and offices in some upscale government colonies in central and south Delhi.



from Real Estate-Markets-The Economic Times http://ift.tt/1hmAxws

Sahara Group residential project sold to Ahmedabad-based firm

Many of its customers recently had complained that Sahara did not fulfil its promise of giving possession of homes even after they paid the full amount.



from Real Estate-Markets-The Economic Times http://ift.tt/1xiDumu

National Buildings Construction Corporation offers new housing projects across country

The National Buildings Construction Corporation (NBCC) is offering new housing projects across the country in the coming months besides other plans.



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Metro railway to impact Mumbai realty, says Jones Lang LaSalle

"With the commencement of the project, surrounding regions would definitely experience a boom in terms of new offerings and price hikes."



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The Mumbai Metro – A real estate game-changer

The Mumbai Metro has all the hallmarks of being a game-changer for the city’s transportation and realty landscape.



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Co Leases 1.52 Lakh sq ft Office Space in Bangalore

"The new office will function as a back office for Flipkart and will be used for developing new application and incubating new ideas."



from Real Estate-Markets-The Economic Times http://ift.tt/1kpVkzT

Buying a home abroad? RBI says not yet

The policy statement said that the amount Indians could remit overseas 'without end-use restrictions' was increased to $1.25 lakh.



from Real Estate-Markets-The Economic Times http://ift.tt/1x5VHDK

Flipkart leases office space in Bangalore

Three people aware of the development told ET that the company is looking to move its operations from some of its smaller offices in Bangalore to save cost.



from Real Estate-Markets-The Economic Times http://ift.tt/1iR1iEw

Realtors seek cut in interest rate to boost housing demand

Expressing disappointment over the RBI's monetary policy, realtors body CREDAI today sought cut in interest rates on home loan to boost housing demand.



from Real Estate-Markets-The Economic Times http://ift.tt/1tECqVo

Demolition of Campa Cola Housing Society in Mumbai: Supreme Court dismisses residents' plea

Supreme Court dismissed the plea of residents of illegal flats in Mumbai's Campa Cola Housing Society against the earlier order asking them to vacate their premises by May 31.



from Real Estate-Markets-The Economic Times http://ift.tt/1pObKkR

Land rates hiked in Noida, Yamuna express way areas

Allotment rates for group housing, residential & institutional properties in Noida have gone up by 10.5% and industrial land rates by 7.8%.



from Real Estate-Markets-The Economic Times http://ift.tt/1pObJ0n

Indiabulls co-founder Rajiv Rattan to buy house in Lutyens Delhi for Rs 220 crore

He’s the latest first-generation entrepreneur to buy a pricey bungalow in the Lutyens Bungalow Zone that’s home to some of the top businessmen in the country.



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