Real estate bill promises reforms

Published: January 12, 2013

On Wednesday, January 9, Union Housing Minister Ajay Maken said that the Real Estate (Regulation and Development) Bill is likely to come up in the budget session of parliament, which begins in February. The Bill, pending since 2009, will empower consumers and enforce discipline among property developers.
It proposes to set up an industry [...]

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State Bank of India trims home loan growth target

Published: August 6, 2012

State Bank of India (SBI), the country’s largest lender, has cut its annual home loan growth target by up to 10 per cent due to the slowdown in the real estate sector. It now expects its home loans portfolio to grow by only 15-20 per cent this year. The bank had announced a cut in [...]

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High End Residential Flat Rentals in India

Published: September 2, 2011

NCR

An apartment admeasuring 5,700 sq ft in Gurgaon was leased out at Rs 290,000 per month. The apartment, set in one of the high-end residential projects, has the advantage of being situated at an easy driving distance from commercial centres, secondary business districts and is also near the international airport.
The average rental value for high-end [...]

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No Boom Expected in Real Estate, Sector will Witness Robust Growth despite Slowdown

Published: August 17, 2011

The real estate sector is expected to remain robust despite the global slowdown , but it’ll not witness the kind of price appreciation it has seen in the past. Anuj Puri, chairman & country head, Jones Lang LaSalle India, says mid-income residential real estate seems a good investment option. For long-term investors, the residential real [...]

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Developers & Buyers Relieved as Farmers and Noida Authority Agree on Settlement

Published: August 1, 2011

Sunday’s settlement with farmers in Noida by the Noida Authority should help revive consumer confidence and sales of homes, that had taken a knock after the protests in Greater Noida spilled over there. The farmers have agreed to call off their agitation. “This will immediately restore consumer confidence in Noida,” Shakti Nath, CMD, Logix Group, [...]

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IREO Launches Integrated Township Project “IREO – Fiveriver” in Panchkula

Published: July 23, 2011

Ireo, the private equity fund dedicated to the Indian real estate sector, has announced the launch of its new integrated township project “IREO – Fiveriver”. Spread over a sprawling 200 acres, the project is located in Panchkula, on the outskirts of Chandigarh.
Ireo Fiveriver has a unique mix of recreational and wellness facilities catering to multiple [...]

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Mumbai’s residential market at its lowest since 2007: Knight Frank

Published: July 18, 2011

Real-estate sale volumes in Mumbai, one of the strongest residential market in the country, have plummeted more than 70% since its 2007 heydays, says a recent report by global property consultant Knight Frank.
A drop in transaction volumes has hit the Central Mumbai market the hardest as the quantum of unsold inventory makes up over 40% [...]

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Gurgaon Based Developer AlphaG: Corp Launches phase III of GurgaonOne 84

Published: July 15, 2011

Alpha G:Corp Development (Alpha G:Corp), a Gurgaon-based real estate developer and a partner of Morgan Stanley, has launched phase III of its residential project, GurgaonOne 84. To be built at a cost of Rs 290 crore, the project is spread over 12.5 acres in Sector 84, Gurgaon, which is termed as New Gurgaon.
The CEO and [...]

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Mumbai Ranked as the Most Favoured Development Market in Asia Pacific Region

Published: July 11, 2011

Mumbai is ranked third as the most promising investment market, and the first as the most favoured development market, in the recent Emerging Trends in Real Estate Asia Pacific 2011, a real estate forecast jointly published by the Urban Land Institute (ULI) and Pricewaterhouse-Coopers (PwC). “Projections for Mumbai in 2011 look good, as the city’s [...]

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Pune Based Kumar Urban Development Ltd Looking to Launch Residential/ Commercial Properties in Pune&Mumbai

Published: July 1, 2011

As part of its expansion plans, Pune-based Kumar Urban Development Ltd (KUL) is looking to launch seven residential and three commercial projects with a total developable area covering 2-2.2 million square feet in the coming two quarters of this fiscal. The new projects will include two high-end residential and two commercial projects at Pune and [...]

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