Weak sales, stagnant prices pose challenge for realty companies: Moody's

Developers will not reduce price to boost sales, rather will continue with their strategy to reduce apartment size and offer freebies, Moody's said.

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Real estate agents now a part of Central Advisory Council

The amendment makes property brokers a key stakeholder in the real estate industry along with homebuyers and builders.

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Indiabulls Real Estate appoints Vishal Damani as Joint MD

Indiabulls Real Estate appointed Vishal Damani as a Director on its board and designated him as Joint Managing Director.

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Around 49% homebuyers looking for homes priced below Rs 60 lakh, says Magicbricks’ PropIndex

Within this budget range, the share of consumer preference in the sub-Rs 50 Lakh segment is 75%, showed Magicbricks’ PropIndex report for the quarter ended June.

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Pune office absorption up 38% at 2.74 million sq ft in January-June: Colliers International

Pune's office property market has absorbed 2.74 million sq ft during the first half of the year ending June, up 38 per cent from a year ago.

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E-Registration: A step towards realty market transparency

The Land Registration Act of 2002 introduced this new system using electronic signatures to transfer and register immovable property online.

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ATS, Logix form joint venture to build housing project; raise Rs 130 crore

The joint venture plans to develop 9-hole golf course and 100 villas in the first phase and then later would build high-rise apartments.

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Richa Realtors eyes Rs 1,500 crore revenue in 5 years

Richa Realtors plans to touch 10 million sqft of residential development in the next five years and is eyeing up to Rs 1,500 crore revenue.

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305 cities identified under 'Housing for All' scheme

The government has identified 305 cities and towns across nine states for implementation of its ambitious 'Housing for All' scheme.

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DLF appoints Rajeev Talwar & Mohit Gujral as co-CEOs

Talwar, who joined DLF in 2006, started his career as a Probationary Officer in SBI and was selected for IAS in 1978.

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Government plans to shrink Lutyens' Bungalow Zone by 5.13 Square kilometre

The Delhi Urban Arts Commission has proposed to restrict LBZ close to the original boundary envisaged by the British architect Sir Edwin Lutyens in 1912.

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Warehousing space absorption grows 60% in January-June 2015: Report

According to the report, demand for logistics and warehousing spaces was primarily concentrated in the Delhi National Capital Region (NCR), Mumbai and Bangalore.

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Kolkata based BGA Realtors plans cheap housing in 6 states

Kolkata based BGA Realtors is looking to build 1.5 million sq ft of affordable housing space across six states in the country.

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Maharashtra's new IT policy may boost realty business in Navi Mumbai, Pune

Under the new policy, the state government has raised the FSI permissible develop ment on a plot -for the IT industry by 200 per cent over the base FSI.

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Brookfield picks up 80% in Chennai industrial park

The two partners have entered into an agreement to develop a 200 acre industrial park in Sriperumbudur in Chennai. The land is owned by Brookfield.

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DLF plans to sell a majority stake in Delhi project to Singapore's GIC

DLF, India’s largest real estate developer, is close to selling a majority stake in a residential project in New Delhi to Singapore’s sovereign wealth fund GIC.

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Genuine buyers were unable to buy home due to high property prices, says RBI

RBI has said that genuine buyers were are unable to buy homes due to high property prices, making a case for developers to reduce the property prices.

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Realtors seek effective implementation of Smart City projects

Real estate industry today hailed the announcement of 98 Smart Cities, but said the government should aggressively focus on effective implementation of these projects.

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ICICI Prudential AMC to invest Rs 130 crore in Noida housing project

The project by ATS will come up in Noida's sector 150 near the Yamuna Expressway and is likely to have about 100 villas on a nine hole golf course in the first phase.

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India Ratings assigns 'IND A-' rating to Lodha Developers' bank loans with stable outlook

India Ratings and Research has assigned a long-term 'IND A-' rating to realty developer Lodha Developers’ bank loans worth Rs 1,750 crore with stable outlook.

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Mumbai set to have India's tallest commercial building

India’s tallest commercial building is set to come up in Mumbai, with Ministry of Shipping proposing to construct a towering ‘business district’ on Mumbai Port Trust land.

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ICICI Prudential AMC to invest Rs 130 crore in ATS Infrastructure's Noida Housing project

ICICI Prudential AMC has committed to invest Rs 130 crore in a housing project of Noida-based real estate firm ATS Infrastructure.

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Office leasing rises even as residential real estate slides in most top cities

While the office leasing sector is seeing increasing average floor deal sizes, there is a completely different story in the residential sect

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Decide on petition filed by DLF Park Place residents: Supreme Court to Punjab & Haryana HC

The Supreme Court on Monday directed the Punjab and Haryana High Court to expeditiously decide a writ petition filed by the residents association of DLF Park Place in Gurgaon.

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Rentals stagnate across major cities as people move to affordable locations

As per CommonFloor data, rentals across major residential hubs in Bengaluru like Marathahalli went up slightly to Rs 19 per sqft from Rs 17 per sq ft over the past one year.

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Affordable homes offer $11.8 billion opportunity for builders

Affordable home segment presents a business opportunity worth USD 11.8 billion for developers across seven major cities of the country, according to property consultant Cushman and Wakefield.

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BMC to ease redevelopment process for leased plots

Redevelopment projects on BMC's leasehold plots are set to become easier, with Mumbai's civic body looking to simplify the process and setting a time limit.

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Will the real estate bubble burst due to falling sales & rising inventories?

Your dream of owning a house could come true if the nightmare of the real estate sector continues for a few more quarters.

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Unitech leases office space to Google; to get Rs 600 crore rental

Unitech has given on lease a large office space in Gurgaon to Google, generating about Rs 600 crore of rental income over the next nine years.

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Now get e-sanction of building plans in Kolkata in 45 days

The long awaited initiative to sanction building plans online has now become a reality in Kolkata with Mayor Sovan Chatterjee launching the initiative on Wednesday.

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No room to reduce housing prices: CREDAI

CREDAI today said there is no scope to reduce housing prices and demanded that interest rates on home loans as well as taxes should be reduced to boost demand.

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CCI order on `anti-competitive' practices of Jaypee Greens soon

CCI will in the next few weeks pass a final order over alleged unfair business practices by realty major Jaypee Greens with respect to its housing projects in Delhi-NCR region.

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ASK Group plans to invest Rs 1,000 crore in real estate projects in FY16

ASK Group plans to invest Rs 1,000 crore in 4-5 projects in the current financial year across five markets--Mumbai, Pune, Chennai, Bangalore and the Delhi-NCR.

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PE firm ASK Group plans to invest Rs 1,000 crore in real estate projects in FY16

ASK Group plans to invest Rs 1,000 crore in 4-5 projects in the current financial year across five markets--Mumbai, Pune, Chennai, Bangalore and the Delhi-NCR.

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Okhla Bird Sanctuary: Noida to hand over completion papers to developers in a week

Raman has asked all allottees of group housing and commercial projects to clear dues first. Without a 'no dues certificate', completion certificates will not be given.

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DDA accepts flaws, promises to fix buildings

Allottees of DDA's 2010 housing scheme are not alone in saying their buildings are poorly built. The agency's officials admit as much but hold their contractors responsible.

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Dreams DDA sold in 2010 turn to dust

Houses allotted by the agency just four years ago for prices ranging from Rs 55 lakh to Rs 80 lakh are already going to seed.

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Vastushodh launches largest affordable housing project

Vastushodh Projects today said it has launched India's largest affordable housing project 'AnandGram' at Bhandgaon on Pune- Solapur highway.

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Centre to decentralize Housing for All scheme, work towards skill upgradation with private sector

Govt is also set to introduce global standards for building process and facilitate easier approval procedures for projects falling under ‘Housing for All".

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Piramal Fund inks pact to exit Omkar's Worli residential project for Rs 500 crore

The exit is valued in absolute returns of around 146%, while annual returns are pegged at 24%. The fund had invested Rs 200 crore in 2011.

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Tata Realty, Standard Chartered PE in Rs 3,000-crore investment pact

Standard Chartered will infuse Rs 2,000 crore while Tata Realty will put in about Rs 1,000 crore to buy commercial assets across the country.

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Amrapali group gives partial exit to JP Morgan, ICICI Prudential from Noida projects

Amrapali Group has given partial exits to JP Morgan Real Estate and ICICI Prudential India Opportunity Portfolio Series 1.

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Over 55,000 home buyers to get possession of flats in Noida

The move to reduce the area of the eco-sensitive zone around the Okhla Bird Sanctuary would boost housing demand and prices in the Noida property market.

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Builders trim average flat sizes by upto 26% in last 5 years: JLL

To beat slowdown in the real estate market, particularly residential segment, builders are cutting the flat sizes but not reducing the housing prices.

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Piramal Fund Management to make exit worth Rs 500 crore from Omkar 1973

Piramal Fund Management has entered into an agreement to make an exit worth Rs 500 crore from the residential project Omkar 1973.

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Oberoi Realty to buy Crompton Greaves’ Worli building for over Rs 200 crore

Property deals are back, in a major realty transaction in upmarket Mumbai, Crompton Greaves has sold its iconic corporate office in Worli.

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Relief for home buyers in Noida as ministry of environment plans to shrink Eco-Sensitive Zone to 100 metres

Close to 100,000 apartments have been built or are being constructed in the area with the loss due to the hiatus estimated at Rs 3,500 crore.

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Brokers build an alternative career as realty sector moves at slow pace

The boom that had pushed up prices and a slowing economy had started to push down home sales. Delays in the delivery of apartments didn’t help.

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Home buyers to benefit from government's move on Okhla Bird Sanctuary

Once the notification is issued, the government will allow the home buyers outside the ESZ to get occupancy certificates of their flats.

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Environment ministry likely to give go ahead to Okhla Eco-Sensitive Zone today

Javdekar-led Environment ministry is today likely to give the go ahead for the much awaited notification of the ESZ around Okhla Bird sanctuary.

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