Union Budget 2015: A roof for all in India by 2022 with 24-hour power and clean water

Realty experts were not impressed. They called it a mere statement of intent with little clarity on how this mass housing can be provided.



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Budget 2015: Property prices to rise marginally on hike in service tax

Developers and property consultants however hailed further tax incentives on Real Estate Investment Trust (REITs).



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Budget 2015: Highlights for the real estate sector

While no direct measures were announced to boost the housing sector, the FM did not forget to highlight the 'Housing for all by 2022' mission.



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Budget 2015: Benami Transaction Bill is a big positive for real estate sector

"This budget has taken a first step towards reducing the black money component by introducing the Benami Transaction Bill," Amit Oberoi said.



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Budget 2015 evokes mixed reaction among real estate players

"With three consecutive bad years for real estate that left developers and other stakeholders gasping for fresh air, the expectations were high," Baijal said.



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Union Budget 2015: REITs listing set to become easy, with smoother investor exits

In the 2015-2016 Union budget, the BJP government said that REITs will have partial pass through for the purpose of taxation.



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Union Budget 2015: Government gives new tax benefits for REITs, InviTs

REITs, a new investment avenue in India on the lines of one in developed markets like the US, UK, Japan, Hong Kong and Singapore.



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Budget 2015: REITs move a step closer to reality

Developers own office properties within their main company. If they launch REITs, these properties will have to be transferred to a special purpose vehicle (SPV).



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Budget 2015: Finance Minister Arun Jaitley stresses on 'housing for all' by 2022

This would be negative for the realty players there would be a sharp rise in the supply, impacting the pricing power.



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Budget 2015: FM Arun Jaitley proposes tax overhaul to allow REIT listing

Jaitley has proposed an overhaul of capital gains taxes to pave the way for the listing of Real Estate Investment Trusts (REITs) in the country.



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Budget 2015: About 50% buyers want a cut in home loan rates

Expected lowering of these rates would play a critical role in pulling the property market out of the doldrums it is in today.



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Budget 2015: Much need impetus required for Real Estate sector

In order to make this vehicle truly a ‘pass-through’ vehicle and make it comparable with REITs in other countries, exemption from dividend distribution tax.



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Realty industry seeks clarity on REITs, FDI in Budget 2015

The sector is hoping for removal of dividend distribution tax on distribution of profits by special purpose vehicle to REITS.



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After green hurdle, stamp duty blow to Noida flat buyers

If the new eco-sensitive zone is not notified before August this year, buyers will have to shell out more as the revised circle rate is likely to become Rs 48,000 per sqm.



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TATA housing project in Sri Lanka to have a fresh start

The project pioneered by the government's Urban Development Authority (UDA) ran into problems with low income residents at the location.



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Ashiana Homes raises Rs 66 crore from Piramal Fund Management

Realty firm Ashiana Homes has raised Rs 66 crore from Piramal Fund Management to partly finance the acquisition of 10 acres of licensed land at Sohna in Gurgaon.



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New policy gives realtors joint development and marketing rights

The new policy has been brought by the Department of Town and Country Planning after repeated requests from builders.



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Maharashtra needs 50 lakh new homes to meet 'housing for all' target

As part of the Centre's target under the 'housing for all' scheme, the Maharashtra government will have to build 50 lakh new homes by 2022.



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DLF's sales booking to cross Rs 3,000 crore this fiscal

India's largest realty firm had earlier given the guidance that sales bookings would be in the range of Rs 3,000-3,500 crore in the current 2014-15.



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Focus on affordable housing is among top three factors eyed in Budget

In FY14, the housing finance sector grew by 20% vis-à-vis 19% in FY13 despite the real estate sector being under pressure.



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Competition Commission of India probed 132 cases of abuse of dominance in realty sector

Corporate Affairs Minister Arun Jaitley said that CCI has investigated 132 cases of alleged abuse of dominance in the realty sector.



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Budget 2015: Expect introduction of single window clearance system

Due to complexities of government channels, many projects get halted and delivery is delayed. A speedy completion of stalled projects is essential.



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Piramal Fund Management says to invest about Rs 5,000 crore in realty projects

"We are looking to expand the construction finance portfolio. This is less risky and this was the missing link in our portfolio," it said.



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Omaxe sells 19.35 acre land at Vizag for Rs 112 crore

When contacted, Omaxe CEO Mohit Goel said: "We are consolidating our business and will be concentrating on 4 regions -- Uttar Pradesh, Punjab, Haryana and Delhi".



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Private equity investment in realty up two-fold to Rs 15,410 crore in 2014

Location-wise, Delhi-NCR property market witnessed the highest PE investment of Rs 5,910 crore during 2014, followed by Mumbai at Rs 4,680 crore.



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Maharashtra's new Housing Policy to be out in May: Devendra Fadnavis

The new Housing Policy of Maharashtra will be ready for public announcement in the first week of May, Chief Minister Devendra Fadnavis said here.



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DLF to sell 50% stake in 4 projects to PE firms for Rs 3,000 crore

India's largest real estate firm expects to close some of the deals by June and would utilise the funds to improve its cash-flows.



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DLF to sell 50% stakes in 4 projects to PE firms for Rs 3,000 crore

India's largest real estate firm expects to close some of the deals by June and would utilise the funds to improve its cash-flows.



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Budget 2015: Lay ground for affordable housing, says Ganesh Vasudevan of IndiaProperty.com

The real estate industry in India has high expectations from the first full Modi budget, especially because the previous budget focused on common man, says Vasudevan.



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DDA planning 2,500 affordable service apartments for elderly

"We have asked each firm to give us designs which provide easy, barrier-free accessibility within the complexes. These firms will develop the complexes."



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Budget 2015: Realtors seek tax sops, lower rates for home buyers

The real estate industry today sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand.



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Godrej Properties joins hands with Snapdeal

Realty firm Godrej Properties today said it has tied up with Snapdeal to offer online booking of its real estate projects.



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CCI rules out charges against real estate firm Bestech India

A complaint by an individual had accused Bestech India of unfair and discriminatory conditions on buyers of office space at its cyber complex in Gurgaon.



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Key documents to verify before investing in Mumbai

Occupancy Certificate is the permission to occupy a building, given by the municipal authorities, after verification of all supporting documents.



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Want maximum monthly returns? Try Vishrantwadi locality in Pune

As all these areas are a bit over priced therefore people prefer Vishrantwadi," informs Shrikant Shinde, consultant, Adroit Realtors.



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What you need to know before buying a property

Experts advice that if you are taking a home loan, your EMI spend shouldn't exceed 30 per cent of your monthly income.



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Higher FSI may not make Mumbai homes cheaper

Realty prices may rise in the coming years, experts warn. If BMC’s intention is to augment housing supply and make it affordable, it may not lead to the desired outcome.



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Tata Housing starts five affordable housing projects

"We are setting up five affordable housing projects across the country, including Kolkata," Tata Housing CEO and Managing Director Brotin Banerjee said.



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Budget 2015: Grant infrastructure status to real estate sector

"There is a need for some forward looking policies and reforms in the field of disinvestment, tax infrastructure, clearances and policy decisions," said Prashant Solomon.



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Budget 2015: Grant infrastructure status to real estate sector

"There is a need for some forward looking policies and reforms in the field of disinvestment, tax infrastructure, clearances and policy decisions," said Prashant Solomon.



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Budget 2015: Govt should present workable, streamlined LARR Act

Providing tax breaks specific to rental income will give a significant boost to rental housing segment, and help increase rental supply in the metros.



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Transit-oriented realty gets the nod from DDA

Lakhs of Delhi's residents are expected to benefit and property rates along the Metro, already going at a premium, are expected to shoot.



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Property buyers spoilt for choice as developers pushing sales

Realty players like Kolte-Patil Developers, Tata Housing, Puravankara Projects, Godrej Properties among others are using online platform to sell their properties.



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Average housing prices rise by 3% in Delhi-NCR during Oct-Dec 2014

Housing prices in Delhi-NCR rose by an average 3 per cent during October-December period of 2014 compared to the previous quarter.



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How to sell property during a slowdown

Difficult market conditions have made selling an apartment, an illiquid asset in the best of times, even more challenging. Here are tips to make things easier.



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Unitech sales bookings down 38% at Rs 663 cr during April-December

The Gurgaon-based firm had achieved sales bookings of Rs 1,071 crore in the April-December period of last fiscal.



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Pune-based startup Amura Technologies, Kolte Patil team up to sell luxury real estate online

Amura has worked with Kolte Patil to kick off theonline digital campaign of their home buying festival Nest Fest, showcasing inventory availability, 360 degree virtual tours, floor plans and site photographs.



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Kabul Chawla sells 575 square yard bungalow in Delhi's posh Golf Links area

People aware of the deal said the bungalow has been sold to Chanda Singh, the editor and publisher of World Affairs Journal, and Urmila Kapur for Rs 65 crore.



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Sahara to take legal action against Mirach after deal collapse

ahara is taking legal action against US-based Mirach Capital Group after the collapse of talks between the two, intended to raise funds.



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Singapore's Equis Funds Group invests Rs 720 crore in property developer Assetz

Bengaluru-based Assetz plans to develop mid income housing of around 20 million sqft and the funds will be deployed for building captive infrastructure.



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New home launches in 2014 dip 12% at 1.53 lakh units

Real estate developers launched 1.53 lakh new housing units during the last calendar year, a fall of 12 per cent from 2013, in the country's top eight cities.



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