Five after-sales services often ignored by real estate builders

Take a look at the best and the worst after-sales service practices in the real estate market to know the difference between a good, bad and ugly builder.



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Unitech to sell 17.5-acre Noida plot to Gulshan Homz for Rs 400 crore

Unitech had recently sold its 40% stake in four of the six assets of Unitech Corporate Parks to Canadian firm Brookfield Asset Management.



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Enthused by the regime change at the Centre real estate sector turns bullish

​With the regime change at the Centre real estate developers and lenders appear to be have turned highly optimistic about the sector's prospects.



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Affordable properties lose sheen while luxury picks up: Magicbricks' PropIndex reports

At least a quarter of city-wise demand was for Rs 30-50L category, showing that the middle class remained active and willing to buy.



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Tata Housing, Keventer Group to dot Kolkata cityscape with ultra-luxury complex

This is the second JV between Tata Housing & Keventer Projects, the first being one which had jointly bid for a govt-owned prime 4-acre plot opposite Tollygunge Club.



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Tata Housing, Keventer Group to dot Kolkata cityscape with ultra-luxury complex

This is the second JV between Tata Housing & Keventer Projects, the first being one which had jointly bid for a govt-owned prime 4-acre plot opposite Tollygunge Club.



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Supreme Court asks Supertech to refund buyers in Noida twin towers

Many buyers in the two towers had decided they did not want to continue in the project after the court order and demanded a refund from the builder.



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Office space absorption up 11 per cent in Delhi-NCR

Office space absorption rose 11 per cent to 1.38 million sq ft in Delhi-NCR during the April- June quarter, on higher demand from IT/ITeS sector.



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Series of dubious land disputes in Hyderabad make investors skittish

The disputes mostly pertain to thousands of acres auctioned and allotted by the state government at key locations in and around Hyderabad.



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Realty players like Prithvi Edifice, others coming up with key suggestions for smart cities

The Indian real estate players are helping with their suggestions in framing policies for 100 smart cities in the country proposed by the new government.



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Delhi housing prices dipped 1.5% in Jan-March

Surat, Chennai and Nagpur show the highest increase with house prices up by 10% or more over a year. Prices were up between 5% and 10% in Pune, Lucknow, Raipur, Hyderabad and Ahmedabad.



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'Government, private sector need to work for affordable housing for all'

The low-income housing segment is estimated to be worth Rs 9 lakh crore for developers and Rs 7 lakh crore for housing finance cos.



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New land act bad for us, says DDA vice-chairperson Balvinder Kumar

The act provides for payment of compensation on current market rates in urban areas and twice that amount in rural areas.



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New land act bad for us: DDA boss

The act provides for payment of compensation on current market rates in urban areas and twice that amount in rural areas.



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Essar group promoters Ruias sell Delhi bungalow to Supreme Court lawyer for Rs 100 crore

The corporate lawyer runs a law firm called T&T, having previously set up Zeus Law Associates, which he sold earlier this year.



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RMZ eyes Rs 9,000 crore real estate investment trust listing

REITs are designed to provide an investment structure in real estate similar to the kind that mutual funds provide for investment in traded stocks.



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DLF to sell 30-acre land for Rs 550 crore to further reduce debt

The Delhi-based developer had bought the land parcel from the APIIC in 2008 in the corporation’s Game Park project.



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23 sites disposed by Delhi Development Authority in its first-ever e-auctioning

A total of 35 parking sites, 18 kiosks and four restaurants were put to auction, which began on July 16 and went on for four days.



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Homebuyers vs Unitech: Angry customers offer to work as labourers to speed up construction

Homebuyers have been short-changed by builders for many years, and delaying projects and changing building plans are still rampant.



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Online realty players gear up for tough battle

"Eventually, the real estate space will be the biggest among online classifieds, overtaking jobs and matrimonials that are leading the space."



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Info Edge to raise Rs 750 crore via qualified institutional placement to expand 99acres

Players like Housing.com, which was founded by IIT Bombay graduates, are also charting aggressive expansion fuelled by venture capital financing.



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Consumer activism on the rise against builders delaying deliveries

Homebuyers have been short-changed by builders for many years, and delaying projects and changing building plans are still rampant.



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Builders go e-way; launch portals to let customers buy home online

About 70-80% of the home search happens online which promps builders to take the next step and offer the option of buying a home online.



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DLF moves SC against CCI order slapping Rs 630 crore penalty

The Supreme Court today issued a notice to Competition Commission of India(CCI) on a plea of DLF challenging its order imposing a fine of Rs 630 crore.



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Singapore investors should take advantage of Indian realty sops: Abhijit Ghosh

The ongoing review of CECA would further enhance opportunities for businesses, trade and commerce from the two countries, he said.



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RBI relaxes norms to buy immovable property abroad

Encouraged by an improvement in the foreign exchange market, RBI raised annual overseas investment ceiling for individuals to $125,000



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In a first, DDA introduces 'e-auction' facility

In a first, Delhi Development Authority has introduced online auctioning facility for its various sites, seeking greater transparency and speed in its property transactions.



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Residential segment to revive in Q4 of 2014

With the Modi-led government focusing on reviving growth and bringing down interest rates, sale of residential properties is likely to pick up in the last quarter of 2014.



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H1 office space absorption up 16pc in top eight cities

Office space absorption rose by 16 per cent during the first six months of this year at 13.4 million sq ft in eight major cities as corporates are looking to expand on improved market sentiments.



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Experts' speak: Why are smart cities important?

Unless new cities are developed to accommodate the burgeoning number of people, the existing cities would soon become unlivable.



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Tata private equity fund spends $80 million for a stake in Shriram Properties

The Rs 480-crore deal values Shriram Group’s real estate company at Rs 3,000 crore



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City's office space leasing to pick up in 2015: CBRE

According to CBRE, central business district of Nariman Point, Fort and Cuffe Parade saw sluggish transactions during the second quarter of the year.



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Govt to delink environment, forest clearances for linear projects

Government has decided to delink environmental and forest clearances for linear projects like highways so that they can now be executed on non-forest land without waiting for forest clearance.



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Home buyers back in the real estate market after a long lull

Some friendly measures in the budget & rising stock market have brought back hope in the real estate market. Brokers say home sales have improved.



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Realtors hail RBI move to ease norms for affordable housing

"It is a welcome step. This will lead to lower interest rates for affordable housing projects," CREDAI Chairman Lalit Jain said.



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Reserve Bank of India eases financing norms for infrastructure, affordable housing projects

It further said rupee denominated bonds should be issued in "plain vanilla form" without call or put option with a fixed or floating rate of interest.



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Blackstone, local partner Embassy Group developing maiden real estate investment trust

Michael said his company expected more clarity on these issues, including exemption from capital gains, tax among other issues after the next Budget.



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Tax incentives for home buyers positive for investors

The raising of deduction limit on principal and interest repayment will encourage home buying, while the green signal to REITs is a positive for investors.



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Computerised draw for houses in Gujarat will ensure transparency: Anandi Patel

"In the past, middlemen used to syphon off benefits intended for poor. I hope that the computerised draw system would keep them at bay"



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Budget 2014 will help catalyze real estate growth

"Increase in tax slabs by Rs 50000 will further strengthen the common men’s hope of owning a home, turning their dream into reality."



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Budget 2014 gives aggressive push to low-cost housing: Rohit Poddar of Poddar Developers

"It has wisely decided to channel the program through the National Housing Bank which has been promoting low cost housing for several years now," Poddar said.



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Budget 2014: FM Arun Jaitley announces a slew of measures to revive real estate sector

Jaitley has announced a slew of measures to revive the real estate sector, including allocation of Rs 7,060 cr for development of 100 smart cities, relaxation of norms for the entry of foreign capital and tax relief on home loans.



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Budget 2014: Tax incentives on home loans to ensure housing for all

Union Budget 2014-15 sprang a pleasant surprise on home loan borrowers by hiking deduction on home loan interest under Section 24 from Rs 1.5 lakh to Rs 2 lakh.



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Budget 2014: Tax sops for realty sector to boost housing demand say experts

Tata Housing MD and CEO Brotin Banerjee said the budget has introduced proposals that would help kick-start investment in the real estate sector.



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Can Arun Jaitley's budget re-energise the real estate sector?

Jaitley reduced the size of real estate projects eligible for FDI from 50,000 sq metres to 20,000 sq metres and halved the minimum investment limit for FDI to $5 million.



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Industry captains hail Narendra Modi government's first Budget

Industry players said it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with multiple challenges.



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Budget 2014: Budget Ushers ‘Achche Din’ for Real Estate

The industry feels introduction of REITs would not only offer the much-talked-about benefits but also many long-term benefits.



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Budget 2014: Budget Ushers ‘Achchee Din’ for Real Estate

The industry feels introduction of REITs would not only offer the much-talked-about benefits but also many long-term benefits.



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Budget 2014: FDI in realty, tax sops for REITs to boost housing segment

The Finance Minister has also proposed to provide incentives, including tax pass-through status to avoid double taxation, for introduction of REITs.



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Budget 2014: Tax incentives on home loans to ensure housing for all by 2022

The government has hiked the housing interest rate deduction limit to Rs 2 lakh from Rs 1.5 lakh on personal home loans.



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Budget 2014: Smart cities, FDI easing to drive real estate sector

Threshold limit of minimum area for projects eligible for FDI has been reduced from 50K sq m to 20K sq m, and minimum investment limit eligible for FDI halved to $5 million.



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