Property News from IndianRealtyNews

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LIC Housing Plans to Launch Real Estate Venture Capital Fund Posted: 04 Nov 2011 07:55 PM PDT <p>LIC Housing Finance Ltd (LICHF), a subsidiary of Life Insurance Corporation of India (LIC), plans to launch a Rs. 500-750 crore real estate venture capital fund shortly. "It should happen in two-three months. We have got all the necessary approvals and permission from the government," chief executive officer V.K. Sharma said on Friday. "For this, [...]

Developers Concerned as Hike in Cement Prices Push Construction Cost Further Up Posted: 04 Nov 2011 06:14 PM PDT Construction costs for real estate developers have gone up by 15-20% in the last three months because of a steep rise in cement prices, says the National Real Estate Development Council (NAREDCO). The industry body claims that cement manufacturers have increased the price of cement by Rs 100 per bag in the last three months [...]

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Property News from IndianRealtyNews

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Real Estate Regulator Bill may Tighten Screws on Developers Posted: 03 Nov 2011 08:00 PM PDT Selling a project without registering it with the proposed Real Estate Authority can soon land a developer behind bars, if it involves "criminal intent". Also, the erring builder may be asked to cough up a heavy penalty. These provisions are part of the draft Real Estate (Regulation and Development) Bill 2011. The Ministry of [...]

NCC Urban Plans Residential & Commercial Projects in South India Posted: 03 Nov 2011 06:06 PM PDT NCC Urban Infrastructure Limited, a subsidiary of Hyderabad-based construction major NCC Ltd, is lining up over 10 residential and commercial projects, together with a built-up area of 2.5 million square feet, in Bangalore, Chennai, Hyderabad and Kochi. "While we recently launched six projects in Bangalore, both apartments and villas, which are expected to generate [...]

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Property News from IndianRealtyNews

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• Delhi Property Prices Set to Zoom as Govt Hikes Circle Rates by 250%
• Maha Govt to take Action Against Lavasa Corporation
• Godrej Properties Shifts Focus to Residential Projects

Delhi Property Prices Set to Zoom as Govt Hikes Circle Rates by 250% Posted: 31 Oct 2011 08:02 PM PDT Property prices in the capital are set to zoom as Delhi government on Monday hiked the circle rates by up to 250 per cent to check black money in sale and purchase transactions. This is the second such hike in circle rates — the minimum valuation of land and immovable properties — in the city [...]

Maha Govt to take Action Against Lavasa Corporation Posted: 31 Oct 2011 08:01 PM PDT Sources in the Maharashtra government on Monday said that the state will take credible action against Lavasa Corporation based on the Centre’s orders.Sources said that the state government is likely to file a case under the Environment Protection Act in Mumbai. They added that the government has to obey the directives set by the high [...]

Godrej Properties Shifts Focus to Residential Projects Posted: 31 Oct 2011 07:30 PM PDT Godrej Properties Ltd, the real estate development arm of the Godrej group, has reconfigured two key projects to have more residential spaces and drastically reduced the sizes of both the developments, raising questions about the company's strategy. In its Ahmedabad township project, Garden City, the largest in Godrej's portfolio, the company has reduced the developable [...]

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