Tuesday, 31 March 2015

How Marathahalli could be an investor's paradise

If you are buying a home here, be clear about the Khata status of your property, say trend watchers. Moreover, do not invest if the builder doesn't have the proper documents in place.



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Top 3 cities to make money from property in India

Areas such as Silk Board (Bengaluru), Nungambakkam (Chennai) and Ghatlodia (Ahmedabad) witnessed some of the highest capital appreciation.



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Top affordable walk-to-work spots in Delhi NCR

Walk-to-work trend is catching up in India, Delhi NCR is one of the regions which is witnessing coming of such projects in the last six months.



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Now, an apartment comes with Rs 100-crore price tag!

With a price tag of Rs 100 cr, a developer is selling a penthouse in Gurgaon as "India's most expensive apartment".



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Maharashtra government to build 11 lakh houses in Mumbai: Prakash Mehta

Maharashtra government will construct 11 lakh houses in Mumbai and about 7 lakh in the Mumbai Metropolitan Region, state Housing Minister Prakash Mehta said.



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Monday, 30 March 2015

Godrej Properties to develop housing project at Bengaluru

Recently, Godrej Properties had announced development of a new 43 acre-township project at Pune in partnership with two other companies.



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Piramal Fund sanctions Rs 1,200 crore for Mumbai realty project

The Fund, a unit of Piramal Enterprises Ltd, claimed it was one of the biggest realty project finance transactions in recent times.



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Piramal Fund Management offers Rs 1200 crore in financing for Omkar project

About 4 billion rupees will be used to refinance existing debt, while the rest will be provided over the next two years, Piramal said in a statement.



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Sunday, 29 March 2015

Planning to buy property online? Research well before taking a decision

You may get sweet deals on the Internet, but they can also spell trouble. Conduct a thorough research before zeroing in on a property.



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Saturday, 28 March 2015

How Indians have become the largest non-Arab investors in Dubai's real estate

The number of investors buying apartments in Burj Khalifa through home loans has doubled in the first nine months of 2014 compared with the same period a year ago.



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Friday, 27 March 2015

Should you 'dress up' your home before selling?

Are you planning to sell your property? For how long has been your property up for sale in the market? Do you want to sell it faster? Is property styling the answer for it?



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Promise of Rs 4,700 crore good news for home buyers?

What's next? With 'Swacch' being a buzzword in government and celeb circles, the state budget did bring about a mention with strict enforcement in BBMP jurisdiction.



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What Singapore's Lee Kuan Yew did right!

For a nation or a city to ride fast on the development track, it is very important to get a leader who mentors and spearheads the uphill task of growth.



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Thursday, 26 March 2015

Dues of over Rs 20,000-crore yet to be cleared by DDA: Delhi Governemnt

Delhi government body DUSIB has claimed that the DDA owes it dues of over Rs 20,000 crore while other agencies, too, had to clear payments to it.



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Will luxury housing sell online?

Despite all the hype about online home sales in recent months, pure-play luxury developers are still reluctant to list their projects online for sale.



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Why are so many property brokers closing shop in the NCR?

Project delays and a severe liquidity crunch in the market seem to have delayed their commission payments, forcing many small brokerage firms to shut shop.



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RPS launches Plateau Greens luxury homes

RPS has come out with a buying scheme which allows those booking a flat in ‘Plateau Greens Residencies’.



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Tuesday, 24 March 2015

ABA Corp launches ‘Holiday Scheme’ for Cleo County project

The scheme makes it possible for the consumer to invest in the home of his dream without having to fret over the EMI for the new home.



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Bombay High Court orders winding up of Hiranandani Palace

The developer has challenged the recent ruling before a division bench of the same court, which has scheduled the matter for hearing on March 31.



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Irfan Razack becomes Credai Chairman; Getamber Anand President

Razack is the CMD of Bangalore-based realty firm Prestige group, while Anand is CMD of Noida-based ATS Infrastructure.



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Monday, 23 March 2015

Government plea for CWG flats delays auction

While the government couldn't pay the money for the flats upfront, it had requested they be allotted first and payment accepted later.



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Xander Group's Virtuous Retail looking to rope in strategic investors into its retail realty asset platform

Xander’s retail dedicated fund, which has invested over Rs 2,000 crore into this venture, has three years before it expires in May 2018.



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Delhi government to build 27,000 flats for EWS, LIG

Delhi government is planning to build 27,000 flats for economically weaker section (EWS) and low income group (LIG).



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Brigade Properties acquires Hindustan Unilever's SEZ arm

Brigade Properties said it has entered into an agreement with FMCG major Hindustan Unilever (HUL) to fully acquire its wholly-owned arm Brooke Bond Real Estates.



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HDIL eyes Rs 750 crore from sale of non-core assets

The company has properties in Kochi, Delhi, Hyderabad and Gujarat which it plans to put on block.



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Telangana Budget 2015: Real estate perspective

The Telangana government seems to be trying many things simultaneously in order to give a balanced development to the state.



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Luxury housing: What Indian buyers want

Sky lounges and personal bars were other features that buyers said they would want to see in their luxury homes.



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Cancelling an apartment booking? Things you need to know

Sometime issues such as delayed project and exuberant cancellation fees being charged by builders are faced by such buyers.



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Sunday, 22 March 2015

Office leasing down 15% in February; housing demand remains subdued

Pune and Delhi-NCR also saw strong transaction activity (about 30 per cent of the total transacted space in leading cities) during February.



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Friday, 20 March 2015

Realtors like Tata Housing, Godrej Properties shower discounts, freebies to push home sales

Supertech is offering a three-bedroom apartment at a price of a two-bedroom unit at one of its projects in Greater Noida during Navratras.



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Puravankara to invest Rs 170 cr in office complex in Hyderabad

Realty firm Puravankara Projects Ltd will invest about Rs 170 crore over the next two years to develop an office complex in Hyderabad.



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Competition Commission of India investigating fresh cases against DLF

Chawla was responding to a question on issues of jurisdiction of the CCI in a case relating to alleged adoption of "unfair business practices" by DLF.



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Thursday, 19 March 2015

Bengaluru’s unsold residential inventory hits record high at Rs 85K cr

Bengaluru’s unsold stock was recorded at 1.01 lakh units amounting to about Rs 85K cr due to lower economic sentiment, indicating a glut in the larger market.



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Satra to invest 1,000 crore in 4-5 years, expects 2,500 crore revenue

Realty player Satra Group plans to invest around Rs 1,000 crore over the next five years and is expecting its revenue to touch Rs 2,500 crore.



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Vatika Business Centre's exponential growth crossed over 60% in last 8 months

Vineet Taing, President- Vatika Business Centre talks about Business Centres, its evolution in India and outlines the company's growth targets, upcoming projects and foreign expansion plans.



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Rs 20,000 crore windfall from Mumbai plot likely for Sahara

A 500-acre plot in Goregaon, earlier declared as a no-development zone, has now been marked for residential and commercial purposes under.



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Wednesday, 18 March 2015

Property hangover: Discounts, gold to cure multi-billion dollar backlog

Property developers are turning to deep discounts as they struggle to sell billions of dollars worth of as-yet unfinished homes.



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Vatika Group ties up with PVR to open 26 screens in three townships

In a statement, Vatika Group announced "its tie-up with PVR to open and operate 26 multiplex screens in three of Vatika Group's townships".



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Tuesday, 17 March 2015

DLF to save Rs 175 crore a year as promoters cut CCPS coupon rate

Last week, DLF promoters deferred till March 2016 conversion of the compulsorily convertible preference shares held in DLF's arm DLF Cyber City Developers Ltd. Promoters also slashed the coupon rate from 9 per cent to 0.01 per cent.



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Where to find rentals below Rs 20,000 in South Mumbai

Localities in Elphinstone which could be targeted include areas around Satyam Co-op Housing Society, places close to the Elphinstone railway station.



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Auction properties up for grabs in Mumbai

In Mumbai and its suburbs, according to Magicbricks data, an estimated 20,000 apartments and about 1000 homes are in the process of being notified.



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What you must look for while buying an apartment

Magicbricks takes a look at several checks, home buyers in Chennai should be aware of before buying a property.



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Monday, 16 March 2015

SBI sells only 130 properties in e-auction of 300 assets

"We sold around 130 properties, largely residential through the e-auction process, realising about Rs 100 crore," a senior SBI official said.



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Sunday, 15 March 2015

Things you should know before investing in a property overseas

Find a consultant who has knowledge of the relevant laws of India and the country where you are looking to purchase the property.



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Maharashtra government asks Mhada to review its 104 colonies

The state government housing authority is currently working on the report, trying to ascertain the additional housing supply that can be infused into the market,



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Saturday, 14 March 2015

E-commerce companies fuel growth in brick-and-mortar real estate

That was the last available office space at the 21-office block EGL campus, which charges tenants approximately Rs 100 per sq ft per month as rent.



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DLF promoters defer conversion of CCPS into shares by 1 year

DLF said its promoters have deferred till March next year conversion of securities held in the realty major's subsidiary into equity shares while slashing the coupon rate from 9 per cent to 0.01 per cent.



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Thursday, 12 March 2015

Tips to expats for renting out apartments in Mumbai

If you are an expat planning to return to Mumbai, then you should be aware of certain key aspects when going apartment hunting.



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Delink property buy from policy triggers

There have been numerous instances of brokers not finally paying out commissions and buyers running from pillar to post to get the promised amount.



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Buying a property? Check the legal status!

In case of a resale property, Mishra advised, "Apart from the above mentioned documents, please check the transfer deeds, share certificate".



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