Property News from IndianRealtyNews

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SEBI Panning New set of Rules for Alternative Investment

Posted: 29 Jul 2011 07:53 PM PDT

Entities promising hefty returns to gullible investors from ‘offbeat’ avenues like art, antiques and real estate may soon come under the scanner of Sebi, which is framing a new set of rules for ‘alternative investments’. These alternative or offbeat investments are generally offered by wealth or portfolio managers in schemes focused on real estate, art [...]

Property in NCR may Get Dearer

Posted: 29 Jul 2011 07:22 PM PDT

NCR real estate may get costlierThe draft Land Acquisition and Resettlement and Rehabilitation Bill, 2011 will have a direct impact on real estate prices in Delhi and neighbouring Gurgaon, Faridabad and Noida — if it becomes law. The bill’s proposals that no irrigated and multi-crop land can be acquired and compensation must be much higher [...]

Rise in lending rate leads to low value property deals

Posted: 29 Jul 2011 05:55 PM PDT

The third hike in repo rates by the Reserve Bank of India since May this year is driving buyers to go for properties with lower price tag. As per figures compiled by the office of the inspector-general of registrations (IGR), 1,98,206 property registration documents were processed in April 2011 which earned the state a revenue [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Greater Noida Land Row: GNIDA, Builders Approach Farmers for Negotiation

Posted: 28 Jul 2011 08:11 PM PDT

With the Allahabad High Court setting August 12 as the deadline for the stakeholders in the Greater Noida land row, the Greater Noida Authority (GNIDA) and builders on Wednesday initiated the first round of negotiations with farmers offering them annuity, cash incentive and other sops. The Authority conducted talks with the affected farmers and their [...]

Shriram Properties Plans Expansion across India with Hospitality & Logistics Businesses

Posted: 28 Jul 2011 07:26 PM PDT

After Shriram Properties Ltd recently secured a $100 million (Rs 440 crore) investment from private equity (PE) firm TPG Capital, in one of the largest such deals in India's real estate sector, the Bangalore-based company is working on expanding across India with two new businesses –hospitality and logistics. The company, so far focused on [...]

Buildco to come up with 125 Acre Township “Bhartiya City” in Bangalore

Posted: 28 Jul 2011 07:17 PM PDT

Buildco, the flagship company of the Bhartiya group in the real estate and infrastructure business, is going to launch Bhartiya City, a 125-acre integrated township in Bangalore, conceived along with global master planners and architects. The project spread will be a complete integrated township divided into eight precincts — residential, office space, IT, SEZ, retail, [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Give Farmers Potential Land Value: DLF Chairman

Posted: 27 Jul 2011 08:21 PM PDT

DLF Chairman Kushal Pal Singh termed the ongoing farmer agitation over land acquisition a ‘revolution’ and said farmers whose land is acquired must be paid the potential value of their property and not merely the current market value. But the head of India’s largest real estate company said he was not in favour of retrospective [...]

Rate Hike will Decrease Housing Demand: JLL

Posted: 27 Jul 2011 08:14 PM PDT

The cost of construction in the country is set to go up, which in turn will adversely affect the demand for houses as a result of impending interest rate hikes by banks and finance companies after RBI hiked its key policy rates on Tuesday. “The sentiments are low in the real estate sector and any [...]

Govt Finalises New Bill on Land Acquisition

Posted: 27 Jul 2011 07:10 PM PDT

To take on the discontentment against land acquisition process, rural development minister Jairam Ramesh has cleared a draft bill for public comments. The minister’s land acquisition and rehabilitation bill will be up on the ministry website just a fortnight into his term at Krish Bhawan. The Bill proposes a compensation of more than six times [...]

Major Blow for Co-op flat Owners as SC Orders Individual Registration of Flats

Posted: 27 Jul 2011 06:06 PM PDT

Cooperative housing societies in Noida were dealt a major blow on Wednesday, as Supreme Court ordered individual registration of their flats as per the prevailing circle rates. According to the Uttar Pradesh stamp department, the judgment would affect around 15,000 flat owners and leave the government richer by roughly Rs 100 crore. A special bench of [...]
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