PropTiger.com’s co-founder Prashan Agarwal quits to set up venture

The company has appointed Sunil Mishra as chief business officer. Mishra will be based at the company’s Mumbai office.

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Milestone Capital Advisor exits investment in Millennium Tower in Salt Lake

Milestone had also recently renewed the lease agreement with IBM for a long tenure. Rent paid by IBM annually is Rs 5 crore net of property tax and insurance.

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Noida homebuyers plan protest march

The National Green Tribunal had more than a year and a half ago forbidden the Noida Authority from giving completion certificates to those projects that fall within a 10 kilometre radius of the sanctuary near Noida.

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Sahara group not bidding for it's Grosvenor House hotel put on sale for loan 'default'

With its prized property, Grosvenor House, put on sale for a loan 'default', Sahara group today said it is not participating in any re-auctioning of the hotel.

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Milestone Capital Advisors exits investment in commercial property for Rs 91 crore

Private equity player Milestone Capital Advisors exited its investments in a commercial property in Kolkata for realisation of over Rs 91 crore.

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Everstone hires Bhavna Thakur as head of capital markets and exits for PE and real estate business

Thakur will lead the capital markets and exits function across both the private equity and real estate businesses.

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IT firms like Google, Cognizant and Infosys continue to lock in large office spaces

Among cities, Bengaluru, Chennai, Kolkata, Mumbai and Pune showed most notable increases in office space absorption.

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IT frims like Google, Cognizant and Infosys continue to lock in large office spaces

Among cities, Bengaluru, Chennai, Kolkata, Mumbai and Pune showed most notable increases in office space absorption.

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Property tax relief for 17 lakh families in Mumbai

The decision was taken in the Cabinet meeting chaired by Chief Minister Devendra Fadnavis. The implementation would be with effect from April 1, 2015.

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Land pooling policy to help increase housing supply in Delhi

Land Pooling Policy is expected to unlock about 20,000-25,000 hectares of land for development, which is likely to boost housing supply.

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Union urban development ministry notifies operational guidelines for implementing the land pooling policy

Although DDA hopes to implement the policy in the next two months, it will have to wait for the Delhi government to notify 95 villages as development areas.

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Mahindra Lifespaces opens first international office in Dubai, eyes key overseas markets

The company today opened its first international office in Dubai which will address the needs of NRIs in the Gulf Cooperation Council (GCC) region.

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DLF to pay Rs 80 crore to law firm for rescinding from agreement

DLF Ltd has been directed to pay nearly Rs 80 crore to a private company for rescinding from an agreement for construction and sale of a tower in Gurgaon.

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Investing in a luxury apartment? Here are the key points you should remember

Many more developers are now venturing into the premium segment, which has resulted in a massive spurt of luxury projects.

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DLF told to pay Rs 50 crore to private firm for breach of agreement

If it fails to pay the money in eight weeks, DLF will have to pay a further 15 per cent interest on the total amount, according to the ruling.

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ASK Group exits Rajesh Lifespaces’ Mumbai project at Rs 124 crore

ASK has announced its exit worth Rs 124.4 crore from realty developer Rajesh Lifespaces' project Raj Altezza in Mulund suburb of Mumbai.

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Tax tips for NRIs investing in India

Non-Resident Indians (NRI) constitutes a significant portion of buyer percentage when it comes to real estate transactions in India.

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How much space can Rs 80 lakh buy you?

Do Indian cities do justice to your idea of space? Can money buy you all? Here's what your money can buy across India.

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DLF's 3 more office buildings get LEED Gold certificates

DLF has received LEED Gold certification by the US Green Building Council (USGBC) for three buildings - two IT park towers in Kolkata and one in Hyderabad.

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January-March quarter sees 8.5 million sq ft office space being leased in top 8 cities: Study

Select micro markets in cities like Bengaluru and Mumbai witnessed marginal increase in rental values in the range of 1– 3 per cent QoQ

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IT/ITeS corners lion's share of office space leased in eight major cities at 69 per cent

This was followed by service and industrial sectors like BFSI and consulting, which contributed 15 per cent in total absorption.

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DLF targets Rs 4,000 crore new sales bookings this fiscal

The country's largest real estate firm achieved gross sales bookings of Rs 3,850 crore in 2014-15 fiscal, down 5 per cent from Rs 4,070 crore.

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CCI orders probe against Jaypee Greens in Greater Noida realty project

Fair trade regulator CCI has ordered a probe against realty firm Jaypee Greens for alleged violation of the competition norms in a housing project in Greater Noida.

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Stable prices bringing NRIs back to real estate market: HDFC

Stability in housing prices and favourable rupee movements are bringing back the NRIs in a big way to the real estate market, HDFC has said.

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Realtors wary of service tax rate hike, say move will make properties costlier

For a Rs 25 lakh home, the buyer will have to pay Rs 10,250 more while those buying a Rs 2-crore home will have to pay an additional Rs 98,000.

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Competition Commission of India launches probe against Jaypee Greens

CCI has launched probed against Jaypee Greens for abuse of dominant position in Greater Noida area of Uttar Pradesh.

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Cidco allows farmers near Navi Mumbai airport to sell TDRs

The city development agency Cidco has allowed the project-affected farmers in the Navi Mumbai Airport Influence Notified Area (airport and the surrounding areas) to commercially use up to 60 per cent of their surrendered land.

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DLF's Pia Singh resigns from post of whole-time director

Pia Singh, daughter of company's chairman K P Singh, has resigned as a whole-time director but will continue as a non-executive member of the board.

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Office leasing up, but residential sales still muted in most markets: DLF

DLF said a pickup in office leasing has helped it rent out close to 1.5 million square feet in 2014-15, even as most residential micro-markets it is present in are experiencing muted sales.

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India registers 3 billion sq ft green building footprint: IGBC

IGBC is a part of the industry body Confederation of Indian Industry (CII), which is involved in promoting the green building movement in India.

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Belaire fine: DLF deposits Rs 525 crore with SC, to pay rest by early July

In 2011, the CCI had found DLF violating norms and imposed a fine of Rs 630 crore after a complaint by Belaire Owners' Association in Gurgaon.

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DLF's debt up by Rs 628 crore, sales bookings slip 5%

DLF said it would take at least 12 months for sales to improve. It expects sales to be low this fiscal as they have been in the last two fiscals.

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Motilal Oswal real estate arm raises Rs 500 crore fund

Based on the response for its second fund, Motilal Oswal Real Estate is planning to launch its third fund with a target corpus of Rs 750 crore.

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DLF a dominant player in Gurgaon market, says CCI official

Countering DLF's claim that it was being single out for CCI's action, a top official of the fair trade regulator today said the realty giant was the only major player in Gurgaon and only a dominant player can abuse the market.

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Maharashtra government plans demat form of TDRs to check cartelisation

According to the draft housing policy, all TDRs issued by civic and local bodies in the state will be made through an electronic system to be developed by the state government.

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Mumbai builders seek changes in rent rules amid slowdown in property markets

They are now seeking to rent out their unsold flats as 'service apartments' to earn some money during the current slowdown in the market.

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CHD Developers to invest Rs 350 crore in new project in Gurgaon

Realty firm CHD Developers Ltd today said it will invest about Rs 350 crore over the next four years to develop a housing project in Gurgaon.

from Real Estate-Wealth-The Economic Times http://ift.tt/1PtzNGo

Ashish Puravankara becomes new MD of Puravankara Projects

The company has 24.87 million sq ft of projects under development, while an additional 81.83 million sq ft is in the pipeline.

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PropTiger.com to hire 1,000 employees this fiscal

The Noida-based firm, which was founded in February 2011, helps customers through the entire process of buying a home, including search.

from Real Estate-Wealth-The Economic Times http://ift.tt/1A7oXyU

HDIL in talks to sell 200 acre land in Baroda, Hyderabad

The potential buyers are conducting due diligence on both these land parcels, he said, adding that the company has an industrial plot in Baroda.

from Real Estate-Wealth-The Economic Times http://ift.tt/1LaI5Nr

Home prices hit roof, but affordability near its best: HDFC

The affordability ratio equals the average property price divided by the annual income and determines how affordable a housing unit is for a homebuyer as per his or her income.

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Higher interest subsidies on flats for EWS likely

The housing ministry is likely to increase interest subsidy for flats under economically weaker section (EWS) and low income group.

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How Housing.com CEO Rahul Yadav is a 'man of many words'

Cheers broke out when Housing. com CEO Rahul Yadav dedicated a bounty to his employees – his entire 4.57% in the realty listings startup.

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Omaxe leases 2 lakh sq ft of retail space to Chinese firms

Realty firm Omaxe today said it has leased 2 lakh sq ft of retail space to Chinese companies in its commercial project at Greater Noida.

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Hyderabad: Selling a property today may not be easy

As per the latest edition, HSI fell by 25 per cent to settle at 89 post the general elections. An HSI of 100 indicates that buyers do not expect prices in the market to fall or rise.

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Would you consider a woman's opinion before buying a house?

The maximum number of participants emphasised on the need for jointly made decisions when it comes to crucial topics like real estate.

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Surviving Earthquake: How to get structural safety certificate?

It may be a known fact that your building/home is safe to occupy when you have a structural safety certificate.

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Sobha signs MoU with Indian Hume Pipe Company for residential project in Delhi

With this MoU, Indian Hume Pipe Co has also given a limited Power of Attorney to Sobha, for obtaining all permissions, sanctions and approvals of the land.

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Builders bullish on real estate revival

Caught up in uncertainty as a result of the legal action by farmers, construction work had all but stopped in these areas since 2011.

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DDA to e-auction 152 premium flats in CWG Village next month

The auction has been pending for a long time as Delhi government had requested 60 flats for its official housing pool in 2012.

from Real Estate-Wealth-The Economic Times http://ift.tt/1L5Hrkl

Maharashtra may cut stamp duty on residential properties to push affordable housing

The stamp duty rates will be rationalised with 1% levy for houses for economically weaker section (EWS), 2% for low income group (LIG) houses.

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