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Amrapali to develop Rs 2K-crore housing project for govt staff

Size of the flats would be in a range of 975 sq ft to 1,300 sq ft.

Housing shortage woes to soon come to an end; Govt to unveil rental housing policy Housing shortage woes to soon come to an end; Govt to unveil rental housing policy

In India, out of the total government housing stock only 11 percent belongs to rental housing.

CREDAI pitches for 0.50% interest rate cut to boost growth

Realtors' body CREDAI Tuesday said RBI should cut key interest rate by 50 basis points to boost housing demand as well as growth of the realty sector.

Realty sector unlikely to see FDI inflows in near term: Fitch Realty sector unlikely to see FDI inflows in near term: Fitch

"The easing of investment norms under FDI policy for the real estate sector is more of a long term story, and is unlikely to result in any immediate increase in FDI in the near term," the ratings agency said in a statement.

Centre clears infra development plan for 9 cities under AMRUT

Centre has approved a working plan for Chhattisgarh where a total of nine cities would receive a major infrastructural facelift under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).

Eying business travellers, Taj opens its 28th Gateway Hotel in Pune Eying business travellers, Taj opens its 28th Gateway Hotel in Pune

 Taj Hotels today opened The Gateway Hotel Hinjawadi here and is looking at expanding the brand to tier II and III cities as well as overseas.

Net office space absorption seen at 31 million sq ft in 2015

Net absorption of office space is expected to be about 31 million sq ft this year in the country's seven major cities as sentiments have improved in commercial real estate market, a study has said.

 

Biggest ever property deal in India! Mumbai duplex sold for whopping Rs 160 crore Biggest ever property deal in India! Mumbai duplex sold for whopping Rs 160 crore

Lodha Group has sold an under-construction luxury tower at Altamount Road in Mumbai for Rs 160 crore.

DLF promoters buy 23 lakh shares; stake rises to 74.99% DLF promoters buy 23 lakh shares; stake rises to 74.99%

Realty major DLF's promoters have bought 23 lakh shares of the company through open market transactions for nearly Rs 25 crore, raising their stakes to 74.99 percent.

Navi Mumbai in run to qualify for final 'Smart City' list Navi Mumbai in run to qualify for final 'Smart City' list

Developed as a 'planned city' by CIDCO in the last two decades, Navi Mumbai city has undertaken several developmental works as part of its efforts to qualify for the final list of 'Smart City', Navi Mumbai Municipal Corporation (NMMC) Commissioner Dinesh T Waghmare said.

Government contemplates tax incentives to boost housing Government contemplates tax incentives to boost housing

 In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure 'Housing for All' by 2022.

Mumbai airport named as 'CAPA Asia Pacific Airport' of the Year Mumbai airport named as 'CAPA Asia Pacific Airport' of the Year

Mumbai was selected for the innovative development of T2, which has enabled Mumbai to emerge as one of the leading airports in Asia.

India's small towns adding to home loan growth by 19% India's small towns adding to home loan growth by 19%

Home loans were up 8.6 percent against 7.5 percent at Rs 6.83 trillion.

Sobha to build new housing project in Gurgaon at Rs 1,000 crore Sobha to build new housing project in Gurgaon at Rs 1,000 crore

 Realty firm Sobha Ltd has tied up with another realtor Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon at an estimated cost of Rs 1,000 crore.

Govt wants passage of 'amended' real estate bill in Winter session Govt wants passage of 'amended' real estate bill in Winter session

The government is gearing up to ensure the passage of the crucial real estate bill, which is aimed at curbing malpractices in the sector and bringing transparency through regulatory mechanism, in the forthcoming Winter session of Parliament.

Piramal Realty launches Vivaan in Thane for Dubai NRIs

Piramal Realty, the real estate arm of Piramal Group, Thursday launched a premium residential project Vivaan in Balkum, Thane, for NRIs in Dubai.

Shapoorji Pallonji launches residential project in Bengaluru

Spread across 47 acres, the project ParkWest will have 18 storey tower.

Govt to compensate infra developers for project delays

The government on Wednesday unveiled two key policy initiatives to revive the infrastructure sector, which include compensating developers in case of delays in highway projects and empowering the ministry concerned to okay projects with civil construction cost of up to Rs 1,000 crore.

Rs 30K-crore realty debt at risk of high refinancing cost: Crisil Rs 30K-crore realty debt at risk of high refinancing cost: Crisil

Rating agency Crisil has warned that Rs 30,000 crore debt of the top 25 realtors is at the risk of higher refinancing cost amid a continued slump in the realty space owing to high prices and dependence of the companies on high-return demanding private equity players.

OYO Rooms ties up with Airtel for wi-fi, DTH services

OYO Rooms Wednesday announced a tie-up with Bharti Airtel, under which the telecom major will provide its wi-fi and DTH services in OYO branded hotels, initially covering 3,000 rooms within the next three months.