No finding received on Rs 30cr service tax evasion charge: DLF

India's largest realty firm DLF today said it has not received any findings from authorities on alleged service tax evasion of about Rs 30 crore.



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Realtors unhappy over status quo in monetary policy

CBRE South Asia Chairman & MD Anshuman Magazine said: "The RBI's move of keeping base rates unchanged was expected by the industry".



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Isle of Man rejects Niranjan Hiranandani’s appeal

Hirco Plc, a property investment fund, is now looking to publicly try its claims of financial fraud, and recover damages in excess of 300 million pounds from the Hiranandanis.



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South Ex-II project won't inconvenience residents: LG to HC

Government has submitted that all requisite measures are being incorporated in project so that the residents of the area do not face inconvenience.



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Government asks realty firm to focus on building homes for lower income group/economically weaker section

Industry is facing a huge slowdown in demand due to high interest rate regime and costlier homes resulting into severe liquidity crunch.



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Parsvnath leases office space in Connaught Place; eyes Rs 100crore rental/yr

Jain said this building is as per the norms of market regulator SEBI on Real Estate Investment Trusts that has been notified last week.



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DLF under scanner for alleged service tax evasion of Rs 30 crore

DLF has come under the scanner of central revenue officials for allegedly evading service tax to the tune of about Rs 30 crore.



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Realty firm Anant Raj sells subsidiary Greatway Estates for Rs 304 crore

Anant Raj announced sale of its subsidiary Greatway Estates Ltd for Rs 304.12 crore & said the fund would be utilised to part repayment of debt.



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Housing Scheme 2014: DDA posts video guide for filling forms

Delhi Development Authority posted an online video guide on filling up of forms for its new housing scheme and precautions to be taken for it.



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Realtors hail Real Estate Investment Trusts norm notification; seek more tax sops

REITs, to be listed on stock exchange, offer investors an opportunity to invest in a portfolio of income-generating real estate or related assets.



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Market regulator Sebi notifies final rules for REITs

India's market regulator on Friday notified the final rules for setting up of real estate investment trusts (REITs) and infrastructure investment trusts.



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CCI orders fresh probe against Jaiprakash Associates

The complaint alleged that the firm Jaiprakash Associates was imposing certain anti-competitive clauses in its agreements for buyers.



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E-commerce firms leases 6 lakh sq ft warehousing space in H1

The consultant noted that new supply of logistics & warehousing space are likely to come up across Delhi-NCR, Mumbai and Bangalore in coming months.



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Real Estate Investment Trusts will get investments, no need for more sops, say Officials

Real Estate Investment Trusts will help attract more funds into the realty sector and there is no need to provide more tax concessions for it.



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Mumbai slips to 10th position in terms of rentals, says report

The 15 cities surveyed are San Francisco, Madrid, New York, Singapore, Sydney, Washington, London, Mumbai, Tokyo, Mexico City, Paris, Hong Kong, Houston and Frankfurt.



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Property portal CommonFloor raises $30 million

Sumit Jain, cofounder and chief executive officer of CommonFloor, confirmed the investment. "We will invest in technology, product development, hiring and expanding to at least 22 new cities in the next one year,” he said.



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Hike in circle rates in Delhi to hit housing demand

Increase in circle rates by up to 20 per cent in the national capital could further dampen investor sentiment and affect housing market.



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Lodha Group eyes Rs 9,000 crore revenue on rising demand of luxury houses

Riding high on growing demand for its high-end luxury residential offerings, Lodha Group is expecting nearly Rs 9,000 crore revenues this fiscal.



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Home prices set to zoom as Delhi government hikes circle rates

As per the decision approved by the Lt Governor, the circle rate has been raised to Rs 7.74 lakh per sq metre of land from Rs 6.45 lakh in category A residential colonies.



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Lotus Greens to build 4 realty projects; eyes Rs 4,400cr sales

Lotus Greens, which was founded last year by Nirmal Singh, one of the promoters of another realty firm The 3C, has acquired 925 acres in Delhi-NCR for real estate projects.



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After mega launch of scheme, DDA revises flat rates

DDA said that the rates had to be revised due to an "inadvertent" mistake during calculation of the cost of the flats and printing of prices in brochures.



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Parsvnath sells 140 acres of land to Supertech for Rs 665 crore

With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012.



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Taxation, regulatory issues may trip REITs success: KPMG-IVCA

The KPMG-IVCA report has estimated that India has about 350 million square feet of 'Grade A' office space, which is valued at about $ 65 billion to $ 70 billion.



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Indians among top property buyers in Dubai

Between January & June 2014, Indians, British, Pakistanis and GCC investors accounted for around four-fifths of all real estate transactions in Dubai.



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Chennai clampdown stunts low-cost housing growth

There is a need to bring in regulations. Officials need to ensure that only well qualified engineers and architects are allowed to work on building projects.



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Parsvnath sells township project in Gurgaon for about Rs 700 crore

Parsvnath has also transferred its shareholding in Honey Builders Ltd, with whom the company has held joint development rights in this project to Supertech.



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Tata Capital Housing Finance eyes Rs 10,000 crore assets this year

The company will also offer home loans up to Rs 10 lakh to urban low income groups for properties covering low income housing in urban areas.



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Tata Housing inks revised agreement with Maldives for projects

The pact paves the way for resumption of construction work on the project that has been on hold for two years due to some issues over terms & conditions of the contract.



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Key to Maharashtra office deals now lies in extension of IT policy

Tenure of policy, which offers several benefits to IT and ITeS companies, including 75% waiver on stamp duty charges on office space transactions, expired in August.



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Deloitte may sign up 1.4 million sq ft of office space in Hyderabad

Companies are looking for space to consolidate their offices and prepare for the impending growth that is expected as the economy improves.



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DDA liberalises freehold policy in building plan absence cases

DDA issued an order, with immediate effect, according to which the conversion in absence of such plans can be done by following certain procedures.



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Qatar, RMZ to buy BPTP's Gurgaon IT park for Rs 800 crore

This is the latest in a series of large office space buyouts by marquee global investors who want to create a portfolio of rent-yielding commercial assets in India.



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Asset Homes to invest Rs 500 crore in 7 projects in Kerala

Asset Homes would be launching seven new projects across seven districts in the state with an investment of Rs 500 crore.



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Efforts being taken by Modi government in right direction, says Crisil

Real estate sector is moving towards the right direction as efforts take n by the government is set to to boost the real estate sector.



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Earth Infra plans foray into new business with Rs 600-cr investment

Realty firm Earth Infrastructures plans to enter into new businesses, like solar energy and rail wagons manufacturing, in tie-up with Japanese firms.



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CM Siddaramaiah government makes buying farmland easier in Karnataka

Karnataka does away with the need for getting farmland converted for industrial use after a project is approved by the government.



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Nearly 19 million sq ft of housing projects unsold in Gurgaon

Gurgaon housing market has unsold inventory of nearly 19 million sq ft, 28 per cent of the total area under development, due to slowdown in demand and a surge in supply, according to rating agency ICRA.



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Sahara Group in talks to sell over 100 acres in Bangalore for about Rs 400 crore

The company has an option to swap these properties with the list of land parcels it is allowed to sell to raise the money, this person said.



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Sahara Group in talks to sell over 100 acres in Bangalore for about Rs 400 crore

The company has an option to swap these properties with the list of land parcels it is allowed to sell to raise the money, this person said.



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CCI to hear charges against realtors like Unitech, Oberoi Realty, Tata Housing and others next week

"The companies have already submitted their written responses to CCI on this matter. We will start the hearing soon," a CCI official said.



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CCI to hear charges against realtors like Unitech, Oberoi Realty, Tata Housing and others next week

"The companies have already submitted their written responses to CCI on this matter. We will start the hearing soon," a CCI official said.



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Ranbaxy ex-CEO DS Brar may buy bungalow in Lutyens

Former Ranbaxy CEO DS Brar, currently chairman of GVK Bio, is close to buying a bungalow in Delhi’s posh Sunder Nagar, said two persons having knowledge of the transaction.



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Relief on cards for Noida home buyers as government decides to re-designate eco-sensitive zone

Relief is in sight for more than 30,000 apartment owners in Noida as the government has decided to re-designate the eco-sensitive zone around the Okhla bird Sanctuary.



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New Okhla eco zone plan spares Noida homebuyers

The draft proposes a no-construction zone extending 1.27km from the sanctuary towards the DND flyway in the north but just 100 metres to its east, west and south.



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Muslims-only apartments coming up in Greater Noida

Apartments are usually targeted at particular income groups. But a developer in Greater Noida has narrowed down his focus group to a particular community.



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Planning to buy property? Consider these 10 points before striking a deal

We tell you about the pitfalls that you should avoid and offer a comprehensive road map to help you undertake the most important investment of your life.



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Realty sector saw significant change during 2005-14: Report

The capital inflows into the sector witnessed a spike especially in 2007 and 2008 when private equity investment was close to $14 billion.



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Ranbaxy ex-CEO DS Brar may buy bungalow in Lutyens

Former Ranbaxy CEO DS Brar, currently chairman of GVK Bio, is close to buying a bungalow in Delhi’s posh Sunder Nagar, said two persons having knowledge of the transaction.



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Relief on cards for Noida home buyers as government decides to re-designate eco-sensitive zone

Relief is in sight for more than 30,000 apartment owners in Noida as the government has decided to re-designate the eco-sensitive zone around the Okhla bird Sanctuary.



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Relief on cards for Noida home buyers as govt decides to re-designate eco-sensitive zone

Relief is in sight for more than 30,000 apartment owners in Noida as the government has decided to re-designate the eco-sensitive zone around the Okhla bird Sanctuary.



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