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GIC Housing Finance posts ₹25-cr Q1 profit

Mumbai, July 25, 2014 - The housing finance arm of re-insurer General Insurance Corp – GIC Housing Finance Limited – posted a net profit of Rs.25 crore for the quarter ended June 30, 2014 compared to Rs.24 crore, a year ago. Total income during the quarter increased to Rs.169 crore against Rs.1

Bengaluru, Pune Lead Indian Office Market during 2Q Office sector is due for a stronger quarter - Colliers International

Approximately 8 million sq. ft. of office space was leased across eight major cities during the quarter. Bengaluru, Chennai and Pune topped the chart in the total office market absorption. Bangalore, July 23, 2014 - Colliers International, an international property consultant has released its of

Golden Gate Properties Announces Launch of Presidential Tower, Tallest Residential Tower in Bangalore with 50 Storeys and City’s Largest Club House of 60,000 Square Feet

Bangalore, July 23, 2014 - Golden Gate Properties Ltd, South India’s leading property developer, announced the launch of its prestigious new project “Presidential Tower,” in Yeshwantpur. The Presidential Tower, rising 50 storeys and 151 meters high, will be the tallest residential tower in Ban

Cement makers reject builders’ call for price cuts

Hyderabad, July 23, 2014 - Cement manufacturers have refused to cut prices in Andhra Pradesh-Telangana States even as builders from the region are continuing a boycott of cement purchases in protest against “cartelisation” by producers. It is not possible to sell cement at less than Rs.335 a ba

ICRA sees housing credit growing at 20%

Mumbai, July 23, 2014 - Ratings agency ICRA believes that housing credit from housing finance companies (HFCs) will continue to grow at an average of 20 per cent for the current fiscal year and pick up pace thereafter. HFCs will not have to lower their interest rates to attain that growth rate, as

L&T bags new orders worth Rs 1,459 crs

Mumbai, July 23, 2014 - Larsen & Toubro has informed the BSE that the company has secured various orders worth Rs 1,459 crore in June 2014. According to the release issued by the Larsen & Toubro to the BSE that the company's Building & Factories business has received combined orders wor

Prestige buys land from Siemens for Rs.345 crore

Bangalore, July 23, 2014 - Prestige City Properties, an arm of real estate company Prestige Estates, has bought 8.5 acres in Bangalore from Siemens for Rs.345 crore. The land parcel is located at Koramangala, across the Forum Mall, built by the Prestige group. In a stock exchange notification, Si

Oberoi Realty net down 37% in Q1

The Mumbai-based developer Oberoi Realty saw its net profit slide by 37 per cent for the first quarter ended June 2014 to Rs 64.33 crore against Rs 101.8 crore in the year ago period. The company’s net sales for the quarter stood at Rs 172.7 crore, down 18 per cent from Rs 210.3 crore in the year

Kerala tops in spending of construction cess

New Delhi, July 22, 2014 - Spending of construction cess collected by States continues to be dismal. According to the Labour Ministry, 35 States and Union territories together collected Rs.14,099 crore up to March 31, 2014 as cess for construction workers’ welfare, but used only Rs.2,382 crore. K

Earth Group Launches a ‘Marvel’ in Lucknow

New Delhi, July 21, 2014 - Earth Group of Companies , India’s most innovative, trusted and fastest growing real estate company today launched “Earth Marvel ”, its latest residential project at Raebareli road, Lucknow. Through its new project Earth Group will offer a great location, incomp

AN Buildwell’s 100% Customizable Flexi Homes in Gurgaon, Set to Complete Soon

New Delhi, July 21, 2014 - Home buyers now have the unique opportunity to invest in an apartment where they can unleash their creativity to the maximum, in the way of making it the dwelling place of their own. The world-class project of AN Buildwell in Manesar: the WTC Tower, the first of its kind i

BHARAT CITY tied up with WECKENMANN group from Germany for precast for their second phase.

New Delhi, July 19, 2014 - BHARAT CITY (BCC INFRASTRUCTURES PVT LTD). They have recently tied up with WECKENMANN group from Germany for precast for their second phase. The project will apply PRECAST TECHNOLOGY to construct Phase 2 of Bharat City. They have tied up with the German's leading precast c

Parryware brings to you its exquisite ranges for ultra-modern bathroom spaces; Pal& Poise

New Delhi, July 18, 2014 - Parryware, India’s most trusted and contemporary bathroom solutions brand brings to you its exquisite product ranges: Pal & Poise. Together, the two ranges imbue bathroom spaces witha sound mix of elegance, contemporaneity and modernity. Pal, conceived by internatio

Ashiana Housing Fulfills a Dream of Owning a Home in NCR @ Rs 22.44 Lakh - Launches Ashiana Surbhi in Bhiwadi

New Delhi, July 18, 2014  : With more than three decades of proven track record in building over 92.2 lakh sq.ft of residential and commercial space, Ashiana Housing Ltd has undoubtedly carved a niche in creating new benchmarks in offering reasonable housing solutions to buyers. Through its endea

NBCC sets up R&D centre

  New Delhi, July 16, 2014 - National Buildings Construction Corporation Ltd (NBCC) has set up a centre for innovation and research and development in New Delhi, the company said in a statement on Tuesday. Anoop Kumar Mittal, CMD, NBCC, said, “The company had been seriously considering setting

A beginning has been made for low cost housing - Mr Anil Kumar Sharma, President, CREDAI-NCR

The budget for financial year 2014-15 has ushered in a number of positive changes for India’s beleaguered real estate sector New Delhi, July 15, 2014 - The budget for financial year 2014-15 has ushered in a number of positive changes for India’s beleaguered real estate sector. The sector, whi

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Bangalore, June 18, 2014 - While transportation and connectivity becomes much easier, the impact on the Mumbai realty market is expected to be more pronounced. Historically, infrastructure developments related to transportation always had a positive impact on the capital values of the property market. Mumbai is no exception. Commercial and residential properties in and around the region definitely command a rise in its prices. An independent study conducted revealed that vicinity of a realty project to the metro railways have the authority to influence property prices in leaps and bounds. Mumbai properties lying close to the metro corridor are expected to boost up to at least 22%. Other factors contributing to the same include distance, location and income groups.

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Currently the real estate is largely unregulated and opaque, with consumers often unable to procure complete information, or enforce accountability against builders and developers in the absence of effective regulation. The Bill is expected to ensure greater accountability towards consumers, and to significantly reduce frauds and delays. The Bill aims at restoring confidence of the general public in the real estate sector; by instituting transparency and accountability in real estate and housing transactions which in turn will enable the sector to access capital and financial markets essential for its long term growth.
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  Contents  

Cover Story

Wienerberger India - Sustaining Sustainability

Debate

The Real Estate Bill, 2013 provides uniform regulatory environment

Market Overview

Colliers International India releases Office Property Market Overview

 

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