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DLF promoters, GIC set to sign Rs 13,000 crore deal

Realty major DLF's promoters are likely to enter into an agreement with Singapore's sovereign wealth fund GIC in the next few weeks to sell their 40 percent stake in rental business for an estimated Rs 13,000 crore.

DLF posts Rs 136 crore Q4 profit

India's largest realty firm DLF Ltd on Friday reported Rs 135.63 crore consolidated net profit for the March quarter of last fiscal.

Bajaj Finserv reduces home loan interest rate to 8.50% in special offer

Bajaj Finserv, India`s most diversified financial company, through its lending arm Bajaj Finance, is offering home loans at just 8.50% for a limited period.

DDA new housing scheme 2017: Brochure draft ready; to be rolled out by mid-June DDA new housing scheme 2017: Brochure draft ready; to be rolled out by mid-June

For LIG category the registration fee would be Rs 1 lakh while for MIG and HIG it would be Rs 2 lakh.

Realtors differ over GST's impact on housing prices Realtors differ over GST's impact on housing prices

Real estate bodies Naredco and Credai Wednesday gave contrasting assessments of the impact of GST on housing prices, highlighting the prevailing confusion in the sector regarding the new indirect tax regime.

Lodha Group raises $375 mn for housing project in London Lodha Group raises $375 mn for housing project in London

Realty firm Lodha Developers' UK arm has raised USD 375 million (about Rs 2,400 crore) from investment company Cain Hoy for construction of its housing project in London.

CREDAI seeks abolition of stamp duty on landed property CREDAI seeks abolition of stamp duty on landed property

Real estate sectoral body CREDAI has urged the state governments to do away with the stamp duty on landed property to eliminate multi-point taxation after the introduction of GST.

ASK Group invests Rs 200 cr in commercial project of ATS Infra

Financial services firm ASK Group has invested Rs 200 crore in a mixed-use project being developed by realty firm ATS Infrastructure in Noida.

PE investment in realty dips 4.6% to Rs 9,600 cr in Q1 2017 PE investment in realty dips 4.6% to Rs 9,600 cr in Q1 2017

Private equity investment in real estate fell 4.6 percent to nearly Rs 9,600 crore during the January-March period of this year even as office segment saw the highest inflow since 2009, according to property consultant Cushman & Wakefield.

Govt aims to construct 12 lakh houses in FY18 under PMAY scheme Govt aims to construct 12 lakh houses in FY18 under PMAY scheme

The government has set an ambitious target to construct as many as 12 lakh houses under Pradhan Mantri Awas Yojana (Urban) in 2017-18, although only 1.49 lakh houses were built under the scheme in 2016-17.

JLLR to hire 650 housing brokers, invest Rs 150 crore this year JLLR to hire 650 housing brokers, invest Rs 150 crore this year

Property consultant Jones Lang LaSalle Residential (JLLR) will hire about 650 professional brokers and invest about Rs 150 crore this year to expand its presence in both offline and online housing brokerage market.

Gaursons to invest Rs 150 crore on luxury realty project in Noida

Realty firm Gaursons India will invest Rs 150 crore to develop a luxury residential project in Noida, and also plans to enter affordable housing segment in a big way to tap rising demand for low-cost homes.

Supertech to expedite project completion with Rs 1,500 crore investment Supertech to expedite project completion with Rs 1,500 crore investment

The real estate sector has been traversing through challenging times and resultant impact has been felt on the demand for residential real estate projects.

Average office rent rises 1% in Delhi-NCR in Jan-March: JLL Average office rent rises 1% in Delhi-NCR in Jan-March: JLL

Office rent rose marginally by 1 percent in the Delhi-NCR market during the January-March quarter of this year, according to property consultant JLL India.

 

'Affordable housing contributed over 50% to sales in Q3 FY17' 'Affordable housing contributed over 50% to sales in Q3 FY17'

With the demand for affordable housing increasing, the segment witnessed a significant growth in fiscal 2017 and it contributed over 50 percent to the total sales during the October-December 2016 quarter, a recent survey revealed.

Mumbai ranks 24th in luxury homes price rise globally Mumbai ranks 24th in luxury homes price rise globally

Mumbai ranked 24th among 41 cities globally with 1.1 percent price rise of luxury homes for the year ended March 2017, property consultant Knight Frank India said on Tuesday.

Good news for home buyers! ICICI Bank cuts interest on housing loan by up to 0.3% Good news for home buyers! ICICI Bank cuts interest on housing loan by up to 0.3%

After State Bank of India (SBI) and LIC Housing Finance, ICICI Bank on Monday decided to cut home loan rate by up to 0.3 percent for loans up to Rs 30 lakh to promote affordable housing.

 

 

Follow norms,address buyers' concerns: Haryana govt to builders

The Haryana government on Saturday asked real estate developers to follow its guidelines related to development of housing projects and also asked them to address all legitimate concerns of buyers.

Godrej Properties FY'17 sales booking down 60% at Rs 2,020 crore

Realty firm Godrej Properties' sales bookings dropped by 60 percent last fiscal to Rs 2,020 crore due to sluggish real estate market.