Delhi Development Authority gets new vice chairman in former Joint Secretary Revenue Arun Goel

Arun Goel has taken over as the new vice chairman of the Delhi Development Authority, replacing Balvinder Kumar.

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Ascendas India acquires multi-tenanted IT building in Hyderabad for Rs 294 crore

Ascendas India Trust has announced acquiring an IT building housing large multinationals in Hyderabad for Rs 294 crore.

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Stakeholder sentiment in the real estate industry turns negative in April-June quarter

The sentiment among stakeholders in the Indian real estate industry has moved into negative zone for first time since the Lok Sabha elections.

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Bengaluru beats NCR in H1 apartment sales growth

Ecommerce hub is second largest property market with 22,234 residential units sold in H1, surpassing bigger market like National Capital Region

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Shapoorji Pallonji bags FDI deal in affordable housing from StanChart, IFC and ADB

Standard Chartered Private Equity, IFC and the ADB have committed about Rs 1,280 crore in a joint venture with the Mumbai-based conglomerate.

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Parliamentary panel recommends pro-buyer measures in Real Estate Bill

The Bill aims at establishing the RERA for regulation and promotion of the sector and setting up of an adjudicating mechanism for speedy dispute redressal.

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

Enforcement Directorate attaches land and bank deposits of Zoom Developers in fraud case

The ED had earlier attached 1,280 acres of land worth Rs 1,000 crore in California in the USA, in the same case, involving Zoom Developers.

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Magicbricks-Google online homes sale fetches over 500 bookings

Magicbricks achieved a sales booking of over 500 properties worth about Rs 300 crore in its 10-day online home festival organised in collaboration with Google.

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Builders devising unique ways to sell expensive homes: Jones Lang LaSalle

Builders, who are unable to sell expensive homes, are making smaller apartments without lowering the price per square feet and compromising on the quality of product.

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14 retail malls to exit space shortly: CII-JLL study

As many as 14 malls together having 3.5–4.5 million sq ft will withdraw from retail operations in near future, a CII-JLL report on India’s real-estate sector said.

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New home launches in NCR drop 68% in H1 2015, sales dip 50%, office space take up picks pace: Knight Frank

The Indian real estate market has seen a 40% drop in new residential project launches and a 20% dip in home sales in the last one year.

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New home launches in NCR drop 68% in H1 2015, sales dip 20%: Knight Frank report

The Indian real estate market has seen a 40% drop in new residential project launches and a 20% dip in home sales in the last one year.

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Builders reduce apartment sizes to suit buyers' affordability

Weakening sales and rising inventory levels in the backdrop of unaffordable housing prices are pushing realty developers to tweak their strategies.

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Office space transactions down 70% in Kolkata during quarter ended June

Office space transactions in Kolkata shrunk 70 per cent from a year ago to 0.25 million sq ft in during the quarter ended June.

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MMR housing market records worst half-year post global financial crisis: Report

Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008.

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Tata Opportunities fund invests Rs 335 crore in Tata Projects Limited

Tata Opportunities Fund, the investment arm of the Tata Group which is advised by Tata Capital, invested Rs 335 crore in Tata Projects Limited.

from Real Estate-Wealth-The Economic Times http://ift.tt/1IB0pBX

Saya group raises Rs 200 crore funding for its NCR projects from Edelweiss

The group is now focussing on execution of current projects in order to ensure timely delivery of their under construction projects.

from Real Estate-Wealth-The Economic Times http://ift.tt/1et23HL

Bharti Realty signs agreement with Eros group for smart residential project in Surajkund

The project has been conceptualised as India’s first vertical smart community with a combination of high quality construction and tech solutions.

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Prestige to acquire Exora biz park in Rs 1,000-cr deal

Realty major Prestige Estates Projects is set to unveil a little over Rs 1,000-crore deal to acquire a 63.5% stake in Exora Business Park from Red Fort Capital.

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Would you make a donation to help a poor real estate developer?

Practically every developer is functionally bankrupt and there are lakhs of units for which developers have taken some payment from customers and which are years behind schedule.

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How do you go about buying a property that is under construction?

Buying an under-construction property can be risky when the real estate market is sluggish. What can be done to mitigate this risk?

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Delhiites can soon register their properties online

Delhi may soon become the first state to start an online facility for property registration, rent agreement and power of attorney.

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Adopt modern technology for providing housing for all: Government

The government today asked real estate developers to adopt modern construction technologies to boost housing supply.

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Unitech partners Snapdeal to sell plots in Chennai

Wave group's realty arm Wave Infratech also said that its properties would be soon available for sale on Snapdeal and Housing.com.

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Office space rentals to yield positive growth in 2015: RICS

For Q2, the Occupier Sentiment Index edged up from 2 to 8 suggesting a slight improvement in sentiment compared to the previous quarter.

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PropTiger to list luxury flats on NewsCorp's MansionGlobal.com

n November last year, News Corp acquired a 25 per cent stake in Singapore-based Elara Technologies Pte Ltd which owns PropTiger.Com.

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Retail space addition low in 2015 first half, second half to see addition of six million sq ft

At present global as well as domestic Food and Beverage (F&B) retailers, followed by value retailing, remained the key demand drivers for store space in the country.

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India is a key market, committed to success of projects: Emaar

Dubai's Emaar Properties said on Thursday it was committed to its projects in India through its joint venture Emaar MGF Land.

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

Dubai's Emaar says committed to projects in India

Dubai's Emaar Properties said on Thursday it was committed to its projects in India through its joint venture Emaar MGF Land.

from Real Estate-Wealth-The Economic Times http://ift.tt/1OyP3NW

Real estate bill to protect small property buyers

To protect small property buyers, a parliamentary panel is understood to have recommended to cover housing projects on land below 1000 sq metre in the proposed Real Estate Regulatory Bill.

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

Real estate bill to protect small property buyers

To protect small property buyers, a parliamentary panel is understood to have recommended to cover housing projects on land below 1000 sq metre in the proposed Real Estate Regulatory Bill.

from Real Estate-Wealth-The Economic Times http://ift.tt/1gOuYb0

JLL India asks home buyers to avoid Noida Extension, Greater Faridabad

Property consultant JLL India has advised home buyers to avoid certain locations, including Noida Extension, in Delhi-NCR.

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

Singapore-based DMI Income Fund invests $7.8 million in NCDs issued by Ansal API

The fund expects to invest between $200 million and $250 million in Indian corporate credit over the next twelve to eighteen months.

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Supreme court denies extra time to DDA for Rohini plots

Slamming Delhi Development Authority for “hoodwinking" it, the Supreme Court has dismissed its plea seeking extension of deadline laid down by court.

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Office space absorption rises 32% in top cities like Bengaluru, Pune; Mumbai, Hyderabad to face supply crunch: Report

In what may seem a relief to property developers, office space absorption in the country’s top eight cities rose 32% to 17.9 million square feet in the first six months of 2015.

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Wadhwa Group gets 6.5-acre Thane plot with Rs 208 crore bid

An email query sent to HDFC remained unanswered until the time of going to press, Wadhwa Group spokesperson confirmed the development.

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

Emaar Properties, MGF close to ending decade-old alliance

Dubai-based Emaar Properties PJSC and Indian partner MGF Developments are close to ending their decade-old joint venture.

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

Dubai-based Emaar Properties PJSC and MGF in talks to end joint venture

The Dubai real estate developer entered India 10 years ago with an investment of more than Rs 7,500 crore in joint venture Emaar MGF Land Ltd.

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

60 flats to be completed in Jollang housing by December 2016

Pema Khandu said 60 units under category E (Type V) were under construction while 116 applications for flat have been received so far.

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

CBI seeks information from SEBI in DLF case

The complaint is related to an order delivered in March by the Securities Appellate Tribunal (SAT) which had set aside the ban imposed by Sebi, a source said.

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Cognizant buys 22 acre land in Bengaluru for Rs 175 crore; plans set up first R&D centre in India

The deal comes at a time when many organisations are snapping up large spaces for consolidation and future expansion at competitive rates being offered by developers.

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Land bill not to affect real estate developers: CREDAI

The proposed Land Acquisition Bill would in no way impact the real estate sector in the country, CREDAI said.

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

Housing market to remain weak for 3-4 quarters, says Bank of America-Merrill Lynch

Overall housing market continues to be weak and is expected to remain so over the next 3-4 quarters at the least, showed a report by Bank of America-Merrill Lynch.

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Credai aims at new synergy between government, real estate players

A legislative regime like the Real Estate Bill would bolster the Federation's efforts in promoting dignified business practices.

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Balanced real estate bill could be a game changer for sluggish real estate sector: Rajiv Ranjan Mishra, JS, HUPA

He also called for rapid infra development in order to fill the shortage of 17 million dwelling units in urban area which gap is further expected to widen by 5 million units each year.

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

Ashapura Options gets Rs 100 crore from Xander Finance for Mumbai slum redevelopment

Ashapura Options has received Rs 100 crore from Xander Finance for its slum redevelopment project in Mumbai's Ghatkopar area.

from Real Estate-Wealth-The Economic Times http://ift.tt/1Dk1zKu

Unsold housing inventory mounts to 1.7 lakh units in the NCR: ASSOCHAM

ASSOCHAM pointed out that the increase in inventory level is because of falling demand from actual users as well as investors.

from Real Estate-Wealth-The Economic Times http://ift.tt/1I4TJMb

Homebuyers protest Orbit project auction

Homebuyers at real estate developer Orbit Corporation's project in Andheri suburb of Mumbai held a protest on Wednesday at the project site against auction of the property.

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

TOD projects: DDA dreams high but experts advise caution

DDA has started the process for appointing consultants for two of its ambitious transit-oriented development (TOD) projects in east Delhi.

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Realty sector upbeat but wary, transit-oriented development can be game changer

Transit-oriented development is a concept for congested areas where a transport corridor, be it Metro, rail line or bus corridor, is going through.

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