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Hiranandani offers guaranteed rental for Bangalore project for 2 years

As some consumers stay away from making big ticket investments into real estate, developer House of Hiranandani has come up with a 'guaranteed rental' scheme for those buying property at two of its towers at the Devanahalli township in Bengaluru.The company said that, depending on the size of the

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Ahluwalia Contracts wins orders worth Rs 311 cr

Ahluwalia Contracts said it won new construction orders aggregating to Rs 311 cr."New orders worth of Rs. 170.99 Crores for construction of 300 Beds hospital in existing premises of ESIC Hospital Kolkata and worth Rs.140.00 Crores for other construction work," it said.With this, the total order inflow during the

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Indiabulls Real Estate on the mend post demonetization hit – Fitch

Fitch Ratings affirmed property developer Indiabulls Real Estate Limited's Long-Term Foreign-Currency Issuer Default Rating at 'B+' with a 'stable' outlook, noting that conditions for the real estate developer are improving."The Stable Outlook reflects the recovery in IBREL's contracted sales following India's currency demonetisation last year," it said.However, it said

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Piramal Enterprises invests Rs 280 cr in Thane real estate project by Puranik

Piramal Enterprises Limited said it will invest Rs 280 crore in Puranik Builders' “Puranik City Reserva” project in Thane. The investment, routed through Piramel Finance, will be modeled on the ‘financial partnership’ model, it said.Puranik City Reserva is a theme-based ongoing project at Ghodbunder Road in Thane and is

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Godrej Properties ties up with Manyata for Bangalore real estate project

Mumbai-based Godrej Properties Limited said it will co-develop a residential project in Sarjapur in Bangalore in association with Manyata, a local developer.It signed a Development Management Agreement with Manyata Developers Private Limited to develop a group housing project in the East Bangalore locality.Development Management Agreements are usually signed when

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Piramal Enterprises enters the retail housing finance business

Piramal Finance Limited (PFL) has entered the retail housing finance business.It is part of $1.3 bln Piramal Enterprises, one of India’s large diversified companies, with presence in pharmaceuticals, and financial services.The housing finance venture has been floated through a wholly owned subsidiary, Piramal Housing Finance Private Limited.It will offer home

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Motilal Oswal raises Rs 1,030 cr for investing in real estate

Motilal Oswal Real Estate (MORE), the real estate arm of Motilal Oswal Private Equity said it raised Rs 1,030 cr under its India Realty Excellence Fund III.The strong inflow suggests continued investor appetite for investments into companies dealing in this sector despite a slowdown.MORE till date has invested capital

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Godrej Properties, Nirmal to co-develop huge project in Thane West

Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane.The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed under a development management agreement, the company

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IT woes to bring down real estate rentals in Bangalore, IT hubs

With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according

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Demonetization hits real estate builder prices, but not resale flats – report

Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017.The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices

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