With developers offering attractive discounts, your dream home may be well within your reach now

Experts said that though home loan rates will take a while to come down, this is a good time to buy because of the offers available.

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Start dreaming your dream home, developers offering attractive discounts to clear inventory & boost sales

Experts said home loan rates will take a while to come down and this is a good time to buy because of the offers available.

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LIC Housing Finance puts Orbit Corp’s Andheri project on block to recover dues

LIC Housing Finance had taken possession of the property following the developer defaulting on loans worth 96 crore out of total dues of Rs 250 crore.

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Realty market poised as buyers refuse unique offers and wait for a rate cut

Comparatively lower prices and hope that interest rates will come down further should push people to start buying homes by Diwali, she forecasts.

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CCI dismisses complaints against Ansal Properties,Puri Constructions

Fair trade regulator CCI has dismissed complaints filed against realty players Ansal Properties & Infrastructure and Puri Constructions.

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MMRDA receives highest-ever bid for TDRs

MMRDA has received a bid of 52,000 per sq metre, 4,800 a sq ft, for TDRs offered under an auction, which is the highest-ever bid received for TDRs.

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Maharashtra's slum rehabilitation scheme is a gold mine for builders

Slum enclaves in prime localities of the city have turned out to be gold mines for private developers.

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Low on stock markets: Cash-strapped realty firms run from pillar to post to raise funds

In the last few years, Indian builders’ desperate search for financing has led them to the unlikeliest of sources including Mehta.

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Olympeo eyes distressed realty assets with ARCs for growth

Olympeo Infrastructure is looking at buying out distressed realty assets held by asset restructuring companies (ARCs) to expand its presence

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Unitech raises Rs 70 crore from Piramal group for Chennai project

The company is developing about 49 acres project 'North Town' in Chennai in partnership with another realty firm Arihant.

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Get pricing right to come out of woes: Deepak Parekh to realtors

The eminent banker also asked the developers to shift their focus away from high-end luxury housing to affordable housing segment.

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Ministry nod to Jewar Airport may boost Noida realty business

The civil aviation ministry has approved a new airport at Jewar, located along the 165-km Yamuna Expressway connecting Greater Noida and Agra.

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NBCC bags Rs 1,500 crore order from Delhi Development Authority

NBCC said it has bagged an order from Delhi Development Authority for consultancy and marketing of a project at 25 acres of land at Trilokpuri.

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Real estate developers turning to housing for senior citizens

Gupta of Age Ventures said a lot of people in the 54-72 age bracket have been buying these senior homes because they want to live independently.

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Mumbai office rentals drop 4% in Q1 as CBD loses out to suburbs

The city's CBD Nariman Point has been steadily losing its edge over the past five to six years and rentals here have slipped 3.4% in the past one year.

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Pakistan stumps India; rolls out South Asia’s 1st REIT while we still try to axe the tax

In India, many marque PE investors including Blackstone together with real estate JV partner Embassy or developers DLF were reportedly planning to go ahead with mega REIT listings.

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Delhi government for raising circle rate on agriculture land by 125%

In a move that will cater to city's farmers, Delhi government today proposed to increase circle rate on agriculture land by up to 125 per cent.

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Mumbai office rentals dip 4% in Q1, Nariman Point rates down 3.4% in a year

Mumbai, the country’s commercial capital, has witnessed 4 per cent drop in average prime office rentals in the first quarter ended March.

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Realty industry welcomes PM Narendra Modi's smart cities mission

PM Modi today launched three projects, 100 smart cities, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for All.

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Housing.com CEO Rahul Yadav quits, again

Rahul Yadav has decided to step down as CEO of Housing.com for the second time in less than two months, and this time his resignation will be accepted by the board.

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Towers on NTC plot sold cheap in Mumbai's Parel; flats cost Rs 5 crore

NTC, which controlled the plot, has been accused of parcelling off the 6.75-acre Madhusudan mill land to a private developer for a pittance.

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Oversupply prompts private equities to bet on debt in realty market in Chennai

According to data collated from various market reports, nearly 25 large private equity deals have happened in the Chennai realty market.

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Honeywell survey shows need for more investment in smart building tech

Government of India, building owners and service providers across the country need to invest more in smart building technologies to better serve India's rapidly urbanizing population.

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Square Yards acquires Singapore-based realty advisory LUXE Real Estate

Square Yards has acquired a Singapore-based property advisory firm LUXE Real Estate in an undisclosed all-cash transaction, the company said.

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Expats can easily find a house these days

Quite a few landlords in the city are now looking only for expat tenants -higher rents and less chances of legal hassles being the major attractions.

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'India needs to invest more in smart building technologies'

While the country's airports and hotels are leading the way with smart building technologies, the survey found that in general the smartness of buildings in India is low.

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'Housing for All scheme will fail without release of land'

Under the scheme, the government seeks to make the houses in urban areas, mainly to service the urban poor.

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Mahindra Lifespaces Developers makes foray into Bengaluru market

Mahindra Lifespace Developers, the real estate arm of Mahindra Group, today announced its foray into the city with the launch of a premium residential project entailing investment of Rs 400-450 crore.

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Cash-strapped Unitech on shaky ground; delays payment to staff

The company has defaulted over its repayments to individuals who had subscribed to its fixed deposit scheme.

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Renting out a serviced apartment? You may need to incur high expenditures, despite good earnings

You could give it on lease, or operate it as a serviced apartment. It is the last category that is catching the fancy of home owners.

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Indiabulls to get Rs 538 crore equity from promoter Sameer Gehlaut

The investment will be made at a price of Rs 67 a share, representing a premium of 59 per cent to Friday’s closing price.

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Indiabulls Real Estate to seek shareholders nod to raise funds

Indiabulls Real Estate will seek shareholders' nod to raise a total of Rs 538 crore from promoters, including convertible warrants worth Rs 290 crore.

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Supply of retail space for luxury brands to double in 4 years: CBRE

Companies including DLF, Reliance Industries, Phoenix Mills, Mumbaibased Maker Group and Shobha Developers have a lined up a host of projects.

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DB Realty, ECC, Konark to develop residential project in Mumbai

"ECC-DB-Konark joint venture is developing a residential project--'DB Skypark' near Terminal 2 of International airport in Andheri," DB Realty said in a filing to the BSE.

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Tata Housing website sells 30 luxury units; rakes in Rs 80 crore

Tata Housing has become the first real estate developer to sell a villa worth Rs 5.5 crore through ecommerce portal, it said in a statement.

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Now, Fitch lowers outlook to negative for Lodha Developers

The cos's annual pre-sales of Rs 7,700 crore were 4 per cent lower than in FY14 and 13 per cent below the company's target of Rs 9,000 crore.

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Mumbai is India's most expensive city to live in for expatriates: Mercer’s survey

Mumbai, climbed 66 places in the ranking due to its rapid economic growth, inflation and a stable currency against the US dollar.

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Delhi's Connaught Place ranked fifth most expensive office market in the world: CBRE

The top position went to London West End with an overall occupancy costs of $267 per sq ft per annum, while Asia continued to dominate.

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Price correction, discounts and freebies from Chennai's realty companies to lift up sales

Property developers have taken to discounts on the per sq ft rate and freebies to get a dragging Chennai market back on its feet.

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Now, buy your dream home online at Rs 1 crore and more

Buying online has moved beyond discounted transactions on apparel and appliances to multi-crore transactions in real estate.

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HSBC in talks to sell Worli land to K Raheja Corp for over Rs 220 crore

HSBC is in advanced talks with K Raheja to sell its 1.4-acre prime land parcel in Worli for over Rs 220 cr, people familiar with the development said.

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BPTP agrees to pay JPMorgan up to Rs 390 Crore in settlement

Last year, a London arbitration court had asked BPTP to pay JPMorgan Rs 560 crore, but when JP Morgan filed an execution petition in the Delhi High Court.

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Indore Development Authority to construct 5,000 houses

Indore Development Authority (IDA), a body under Madhya Pradesh government today said that it will construct 5,000 homes for people in lower income group.

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Industry hails Cabinet's 'Housing for All by 2022' mission

Banerjee added that the urban housing shortage to increase to more than three crore units by 2022, and it is a positive step towards fulfilling the dream of owning a house for every Indian.

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Gera Developments eyes 50% increase in revenue in 2 years

Gera Developments eyes 50% increase in sales over the next two years to more than Rs 650 crore, even as it plans to add another one million sqft of development.

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Housing For All: Interest subvention won't have major impact on housing finance firms, say experts

While the move will help reduce the interest burden on the poor and also push Centre's vision of building 2 crore houses for them by 2022.

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Housing for all: CCEA increases interest subvention on loans for affordable homes to 6.5%

“CCEA’s decision benefits urban poor by an amount of Rs 2.30 lakh each,” said a statement from the ministry of Urban Development.

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Mumbai most expensive city for expatriates in India; globally Angola ranks No 1: Mercer’s survey

Luanda, the capital of Angola, has been rated the world’s costliest city to live in while Mumbai is the most expensive city for expatriates in India.

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Legacy Group agrees to compensate Queen's Corner residents

As many as 32 families from the apartment complex fled their homes on Monday after Legacy's excavation for a project next door threatened their block.

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Running a serviced apartment: Good returns but is it worth the effort?

Is operating your apartment as a serviced apartment, a trend which is catching on with home owners, worth the effort despite the returns being good?

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