Ministry of Housing & Urban Poverty Alleviation approved construction of 37,013 cr houses for urban poor in the States of Karnataka and Haryana with an investment of Rs 1,491 cr.An Inter ministerial Central Sanctioning and Monitoring Committee chaired by Dr.Nandita Mukherjee has approved construction of 36,254 houses for economically weaker
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One of South India’s biggest real estate company, Brigade group, inaugurated work on two new projects in Gujarat International Finance Tec (GIFT) City.The first is a special economic zone and the second, an ibis STYLES Hotel.The SEZ office towers will be of half million sq.ft with flexible office space
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The new Real Estate Regulatory Bill is a step in the right direction, but could end up making property costlier, Neha Hiranandani, director of Mumbai-based House of Hiranandani said."Though the objectives are noble and correct in the long term, we believe lack of clarity on the various mechanisms proposed will
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Brigade Group, one of the biggest developers in Bangalore, announced a new villa project at Devanahalli, near the 'new' Bangalore Airport.The project, called Atmosphere, offers 4 bedroom signature villas with sizes ranging from 3010 sq.ft to 3410 sq.ft, the company said."The project aims to bring back the concept of courtyard
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Adani Realty, the youngest arm of the Adani Group, announced its first commercial property project, ‘INSPIRE by Adani’, at Bandra Kurla Complex in Mumbai.The project will be spread across an eight Lakh sq.ft of built up area with G+10 floors with large and flexible floor plates along with landscaped terraces
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Godrej Properties Ltd, the real estate development arm of the Godrej Group, today announced it has entered the Noida real estate market for the first time through a Development Management Agreement to develop a residential group housing project within Lotus Greens Sports City in Sector 150, Noida."Spread over 36
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India has a shortage of close 1.9 cr housing units in urban areas, but 1.1 cr houses in these areas are lying vacant as their owners do not live in them, nor do they rent it out, pointed out housing minister Venkaiah Naidu.The problem, he said, is being addressed in
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Tata Housing has launched a premium new housing project called Eleve in Mumbai.The project, which will offer 2BHK, 2.5BHK and 3BHK units starting at Rs. 1.4 crore, is being built in collaboration with the city-based realtor Neptune group and is spread across 22 acres of land.Located in Bhandup, ‘Eleve’
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While many real estate majors have started going slow owing to huge unsold inventories, Shapoorji Pallonji Real Estate has just announced the launch of a huge residential project in Bangalore.The project, known as Phase 2 of the luxurious ParkWest project in Bengaluru, involves 11 high-rise towers and outstanding amenities spread
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West India focused Poddar Developers said it will pay stamp duty and registration charges on behalf of their customers in this festive season in a move that will translate to a saving of 5-6% for the buyers.The offer is available on three affordable housing projects - Poddar Evergreen in Badlapur,
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A report by magicbricks.com has revealed that real estate prices are seeing a downtrend in North India, while continuing to rise in the West and the South.Real estate prices increased in markets such as Bangalore and Hyderabad."The southern region comprising of Bengaluru (6%), Hyderabad (4%) and Chennai (1%) was the
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Puravankara, one of South India's biggest real estate companies, has set its sights on Hyderabad, one of the few cities in India where real estate prices are still largely affordable.Bangalore, Puravanakara's home market, as well as Delhi and Mumbai, have seen prices increase so much over the last few years
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Real estate player House of Hiranandani is offering to pay the rent of its customers who book a flat at its high-end Egattur project in Chennai for 18 months after booking.In addition, the customer will have to pay only 25% upfront at the time of booking, it said."The remaining 75%
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Housing.com, which recently fired its founder and CEO Rahul Yadav, said it had appointed Jason Kothari as its Chief Business Officer and member of the Operating Committee to drive its overall strategy and growth in India.Jason, together with iCEO & COO Rishabh Gupta, will be reporting to the Operating
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Even as many voices said that the Reserve Bank of India is unlikely to cut interest rates further this year, the real estate sector -- though disappointed by today's actions -- is holding out hope that it will do so in coming months.On the RBI's decision not to cut rates
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Godrej Properties announced its first quarter results, reporting a 21% increase in net profit to Rs 55 cr.Total income fell to Rs 263 crore compared to 363 crore, while EBITDA increased by 7% to INR 81 crore from INR 75 crore. EPS amounted to INR 2.76 as compared to INR
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Real Estate player Sobha Limited has launched a new ridge-top project in Bangalore called ‘Sobha Clovelly’, which the developer calls 'boutique homes'.The apartments stand tall along a geographical ridge, thus capitalizing on the beautiful vistas of the city’s skyline."This new project will certainly be a trend-setter in Bengaluru’s real estate
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Great Online Homes Festival (GOHF), co-organized by Magicbricks, Google and Group M, generated property sales worth Rs 300 cr and more than 500 bookings, organizers said.A total 9 million page views and 4000 coupons were generated, Magicbricks said.Speaking on the occasion, Mr Sudhir Pai – CEO, Magicbricks, said, “The successful
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Housing Development Finance Corporation Limited (HDFC) reported profit after tax stood at Rs 1,361 crore as for the April-June quarter compared to Rs 1,345 crore in the previous year.The consolidated profit after tax stood at Rs 2,204 crore as compared to Rs 1,873 crore in the corresponding quarter last year,
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Housing.com has won five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its 'Look Up' campaign.Housing.com swept awards across five key categories including “Brand Excellence in e-commerce and Internet Business Sector”, “Emerging Brand Award” and “Best New Brand, Product and Service Launch”.Housing.com's 'Look Up'
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