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Time to book a house THIS NAVARATRA

Navaratra is considered very auspicious time for new deals; prospective homebuyers must bear in mind that realty investment always pays, and one should not wait for prices to fall as it rarely happ.....

Govt may ease FDI norms in real estate to boost sector

Foreign investors looking to invest in the real estate sector in India may be allowed to bring in only $5 million as minimum capital, down from the current $10 million, if the Cabinet approves the .....

Knight frank partners with ficci and launche

Knight Frank declared its intent to join with Federation of Indian Chambers and Commerce and Industry(FICCI) to form a real estate sentiment index tracker. The London based Knight Frank worlks in 4.....

Niche areas likely to spur real estate growth: FICCI-Ernst & Young report

Affordable housing, amusement parks, education and logistic hubs and healthcare are among the niche areas that are developing in the real estate sector, according to a FICCI-Ernst & Young repor.....

Haryana to build 1.25 lakh economy flats in Gurgaon, other prime areas

Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these fl.....

Office space absorption to reach 132 million sqft by 2017

MUMBAI: Bullish on the revival of the economy after general elections, real estate consultancy firm Cushman & Wakefield expects nearly 132 million sqft of office space,across the eight major me.....

Will you have to pay VAT on your flat? SC ruling to push up property prices

According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT). The ruling could have far-reaching ramifications .....

Shabby maintenance, lack of amenities irk buyers of CWG flats

NEW DELHI: They were touted as India’s most sought-after apartments — a riverfront view, Olympic sports facilities, and top businessmen, politicians and celebrities for neighbours, .....

Property exhibitions saviour during festivals-I

Real estate in search of the twin objectives of sales and brand promotions has, of late, learnt that there is no better mechanism to achieve the both than property exhibitions. It brings many buyer.....

Patna property rates in free fall

After bucking the overall downward trend in the real estate sector for quite a long time, housing prices in the Bihar state capital have finally started to capitulate.   Going by the lat.....

New land bill puts people first, govt. message is clear 'India won't be China'

Investors say the new land acquisition bill approved by Parliament this week has made things more difficult. Pro-farm civil-society advocates say it hasn’t gone far enough to protect farmer i.....

A lose-lose situation?

When the going is good our swagger is unbearable, and when the going gets tough our despondency is equally unbearable...,” union rural development minister Jairam Ramesh recently said. T.....

Promoters of Dabur Burman family to foray into real estate business

BANGALORE: The Burman family, promoters of the $1-billion FMCG major Dabur, is entering the Indian real estate market through a joint venture with a US-based private equity investor, said multiple .....

Delivery of new flats: Delays can attract high penalty for developers

Even before the real estate regulator is formed, consumer courts are taking the lead in establishing the best practices for the sector. On the most common issues — developers taking more than.....

India readies itself for real estate investment trusts

MUMBAI: Asia Pacific Real Estate Association (APREA), which promotes and represents the real estate asset class in Asia, recently convened an international symposium on REITs in India, to support b.....

Investors turn the heat on real estate company

LUCKNOW: Over 40 investors gathered at Ghazipur police station on Tuesday noon demanding action against Maples Real Infra-Estate Pvt Ltd, a realty firm operating in the city since 2010. Initial pro.....

Real estate grows amid slowdown

NEW DELHI: Despite slowdown in the economy, activity in the real estate sector continued to rise. In the second quarter (April-June) of 2013, overall prices and supplies of the housing units in the.....

Prudent RBI must look at growth as well, says Credai chief

MUMBAI: Appreciating the Reserve Bank of India's concern over inflation and prudent monetary management of RBI, developers apex body CREDAI Chairman Lalit Kumar Jain has called for concentr.....

Red Fort Capital to invest Rs 1000 crore in Lotus Greens projects

NEW DELHI: Realty firm Lotus Greens Developers today said private equity firm Red Fort Capital would invest Rs 1,000 crore in its various residential projects in the national capital region. L.....

Real Estate Regulation Bill to draw fair industry practices, accountability

The Real Estate Regulation and Development Bill is set to encourage fair practices in real estate dealings and will fix accountability with the developer at every stage of development, according to.....
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By vayaM CS