Omaxe's gross debt rises by 5 per cent to Rs 1,147 cr during December quarter

On operational performance, Omaxe said that sale bookings fell by 42 per cent to 1.18 million sq ft during October- December as against 2.05 million sq ft.



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Odisha government to put residential plots in capital city on auction

Odisha government today decided to put all new residential plots in the state capital on auction and stop direct allotment of land to individuals.



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Live near Kollywood superstar Suriya in just Rs 15k

If your are looking for rented accommodation in Chennai you can rent a home in Saligramam for just Rs 15,000 per month, the data with Magicbricks shows.



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1BHK homes gaining demand in Bengaluru: Report

According to PropIndex (October-December 2014), demand for 1BHK homes has doubled in just six months.



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Over 100 residential projects active in Hyderabad

Over 100 projects were active in various localities of Hyderabad during the Oct-Dec 2014 quarter, as per the data available with Magicbricks.



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5 things that can push up property buyer's sentiment

Indian real estate is at a cusp. There has been a small 25 basis point cut in repo rates announced by the Reserve Bank of India.



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Rajkot Municipal Corporation to launch own housing project

"People who are not covered in housing schemes of the state, will now have an opportunity to own their house at affordable rates."



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Indians top investors' list in Dubai's real estate market

"Given the proximity of Dubai to India, the ability to fly in and see what you are buying, makes it a very attractive option for NRIs and Indians in Dubai."



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London-based Alpha Real Trust wins arbitration against Logix

Logix, however, said ruling of arbitration panel was flawed as one of the arbitrators had given a dissenting note. The company will challenge the award in HC.



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Office space absorption up 28 per cent at 32.5 million sq ft during 2014

Office absorption in these eight cities -- Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune -- stood at 25.35 million sq ft.



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Singapore's GIC in talks to invest in Vatika Realty Projects

Singapore's sovereign wealth fund GIC is in talks with Gurgaon-based realty developer Vatika Group to form an exclusive alliance to invest in residential and commercial properties in north India.



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New residential launches dip 28% in 2014 despite upward market

Mumbai witnessed the sharpest decrease in new launches, at 43 per cent during 2014, followed by Hyderabad, with a 30 per cent drop.



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Extend tax benefits to housing sector: NAREDCO council chief Rohtas Goel

Re-introduce "tax benefit under section 80-1B(10) in budget to provide tax sops for housing sector up to basic selling price of Rs 60L to boost demand," said Goel.



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Delhi-NCR housing sales drop 43% in 2014

The National Capital Region, the country's largest residential property market, had recorded a sale of 71,421 units in 2013.



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Housing sales may not recover in 2015-16 fiscal: India Ratings

Credit metrics of real estate companies would continue to deteriorate next fiscal year, as demand would remain subdued amid high property prices even as inventory was being built-up using bank funding.



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Delhi High Court seeks DDA reply on plea for probe into hotel lease

The Delhi High Court has sought DDA's response on a PIL seeking a CBI probe into the 25-year lease extension granted to Taj Palace hotel here in 2013.



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Maharashtra government to buy BR Ambedkar's London home

The Maharashtra government has decided to buy the home in London where BR Ambedkar lived in the 1920s, and convert it into a memorial-cum-museum.



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Adarsh Realty to build Shangri-La Hotel for Rs 600 crore

“The 370-key property, located in the IT hub of Bengaluru’s Outer Ring Road, is expected to be completed in the next two years,” said Rajiv Seth.



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Affordable homes of Pune

As per data with Magicbricks areas such as Dhanori, Wagholi and Hadapsar offer properties within Rs 40 lakh.



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Jaipur to benefit from new model building bylaws

These bylaws are applicable to all designs, constructions, reconstructions and alterations to a building.



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75% demand for properties from end users in Chennai

However, in the Oct-Dec 2014 quarter, the city recorded a rise in average capital values. About 65 per cent of the total localities in the city recorded a rise in values and showed signs of revival.



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JLL India arm plans to raise Rs 300 crore

The total tenure of the proposed fund, which would be under Alternative Investment Fund category II, will be for five years, and it will invest in smaller residential projects.



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Bengaluru most livable city in India, followed by Mumbai and Chennai: Survey

Along with Beijing, Delhi has the worst score for air quality not just in Asia but globally, the survey said.



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Bengaluru most livable city in India: Survey

Along with Beijing, Delhi has the worst score for air quality not just in Asia but globally, the survey said.



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Sunteck Realty eyes Rs 1,000 crore revenue from 4 new projects

Mumbai-based Sunteck Realty has development portfolio of about 25 million sq ft spread across 24 projects at various stages of development and 4 rented assets.



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Kotak Fund may buy Noida IT park for Rs 250 crore

The building, called Green Boulevard, is in Sector 62 of Noida. It has tenants such as Accenture, Nokia Siemens and Sapient.



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Alliance Group raises Rs 200 crore

"The deal took place in August 2014", he said ,adding the company has 1.04 crore square foot projects, worth Rs 5000 crore, under various stage of development in Chennai.



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E-commerce drives demand for warehousing, office space

By 2014-end, about 3.5 mn sq ft of office space had either been leased or was in various stages of negotiation by e-comm cos across the country.



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Kotak Fund in talks to buy Noida IT Park for Rs. 250 crore

Private equity firm Kotak Realty Fund is close to buying a 7,00,000 sq ft IT park in Noida from The 3C Company for around Rs. 250 crore: Sources



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Land prices soar in Telangana, Andhra on growth hopes

Land prices have shot up in Telangana and Andhra Pradesh after a five-year hiatus following the announcement of a string of urban and rural development projects.



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Investor wealth rises by over Rs 89,000 crore as stocks zoom

Led by the rally in the stock market, investor wealth soared by Rs 89,376 crore to Rs 1,02,29,729 crore.



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Shopping malls supply dips 79% in 2014 on construction delays

Global retailers Burger King and Fat Burger made inroads into the country as well, with stores in Delhi.



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Brookfield plans to set up $500-m real estate trust

Brookfield had bought 100% stake in four special economic zones and 60% in two other assets owned by Unitech and Unitech Corporate Parks in June last year for around Rs 3,500 crore.



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CCI order related to realty sector likely in 2-3 weeks: Ashok Chawla

CCI has completed hearings of entities who were issued notices with regard to the issue of alleged cartelisation and anti-competitive trade practices.



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Competition Commission of India order soon on case related to unfair ways in realty sector

The Commission, which had issued notices to various real estate entities with regard to the case, has completed their personal hearings.



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Haryana Government asks 575 builders to register sale deeds in 20 days

In the cases where it is not possible to register the documents, the stamp duty so collected should immediately be returned with interest.



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Realty developers must focus on affordable housing: Eknath Shinde

Maharashtra PWD Minister Eknath Shinde asked realty developers to focus on construction of affordable housing projects.



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DDA's upcoming 'Lake city complex' project challenged in NGT

According to the petition, DDA has also announced setting up of three smart sub-cities with 20 lakhs flats in Dwarka, Rohini and Narela.



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RBI rate cut will boost housing demand: Realty developers

Encouraged by softening inflation, the RBI today decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent with a view to boost growth.



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Wall Street ends down for fourth day on global growth worries

US stocks fell for a fourth day as a World Bank forecast fueled concerns about global economic weakness and copper prices sank.



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MoEF to decide fate of homebuyers near Okhla Bird Sanctuary soon

The National Green Tribunal (NGT) had forbidden the Noida Authority from giving completion certificates to the projects.



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Homebuyers expect realty prices to drop over next six months: Survey

According to the survey, all the 10 cities witnessed a sharp drop in sentiments, with 8 out of 10 posting over 10% drop in sentiment.



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Land deal: Realty firm M3M pays Rs 300-crore installment to Sahara group

As per the agreement, M3M said, it was supposed to pay only Rs 150 crore but paid Rs 300 crore to shorten the time to conclude the deal.



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Chennai takes commercial break as costs soar; regulatory overdrives eating business potential

The areas that are bucking this trend are the most-sought-after stretches, like the pre-toll booth stretch on IT corridor Old Mahabalipuram Road.



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Office space leasing grows 11 percent in 2014

Indian office market had the second best year ever (other than 2011) in terms of absorption and the lowest vacancy levels since late 2009, he said.



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Sebi proposes easier norms for domestic mutual fund managers

Besides, Sebi has suggested to do away with the rule that requires appointment of separate fund manager for managing an offshore fund.



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Oberoi Realty launches twin projects in Mulund

Oberoi Realty today launched two luxury residential projects in suburban Mulund area of the city.



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Foreign investors add Indian online property portals to shopping cart

Foreign investors such as Rupert Murdoch have already put more than $200 million into portals that help people like Bhartia buy homes.



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CBI mulling option of closing probe into Tata-Unitech deal

The CBI is considering the closure of the case soon on the ground that the Supreme Court had not directed the agency to carry out more investigations.



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Poor land valuation resulting in black money in Delhi: CIC

Using its powers under the RTI Act, Information Commissioner Sridhar Acharyulu directed the Chief Secretary to have "serious look" at the policy of circle rates.



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