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India Real Estate News
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This section of the website provides latest real estate news in India and latest happenings in the Indian real estate market. Some of the latest real estate news in India are listed below. You can click on the news title to view it in detail. If you would like to submit the news in our real estate directory, then you are most welcome to do so from your member control panel.
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Parsavnath Bags Delhi Metro Residential Project
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| Published: June 5, 2009 | Author: Administrator | Source: Indian Realty News - June 4, 2009 |
| Parsvanath Developers (PDL), one of India’s leading real estate company has bagged a Rs 20 crore contract from Delhi Metro Rail Corporation (DMRC) for construction of a residential project at Mundka Depot for phase II of Delhi MRTS project. The project involves construction of 130 flats which will... |
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Indiabulls Coming Up With 8 New Housing Projects
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| Published: May 19, 2009 | Author: Administrator | Source: 14 May 2009 - Indian Realty News |
| Indiabulls Real Estate (IBREL) is planning to develop eight residential projects over 9.8 million square feet in the current fiscal year to increase cash flows. The Mumbai-based developer planned to launch eight projects in six cities as part of the development plan. All the projects, mostly in the ... |
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DDA To Buy 333 Units In Commonwealth Games Village
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| Published: May 19, 2009 | Author: Administrator | Source: 12 May 2009 - Indian Realty News |
| In order to bailout real estate firm Emaar MGF, the Delhi Development Authority (DDA) has decided to invest over Rs 700 crores in the Commonwealth Games Village by purchasing 333 units in the 1168 apartments project. The decision comes following requests by Emaar MGF for financial assistance. The co... |
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Office Rentals To Fall 20% This Year
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| Published: May 19, 2009 | Author: Administrator | Source: 14 May 2009 - Google.com |
| In the next three quarters, office space rentals in India are expected to fall up to 20% with major cities like Delhi and Mumbai slated to see a sharp fall of 50%. As per the global real estate consultant Jones Lang LaSalle (JLL), the decline in property prices in India is expected to continue throu... |
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Another Low-Cost Housing Project
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| Published: May 19, 2009 | Author: Administrator | Source: 13 May 2009 - Business Standard |
| Ahmedabad based real estate developer, Santosh Associates, has come up with a low-cost housing project, "Om Shanti Nagar - 2", in the city. This project is part of a Rs 70 crore memorandum of understanding (MoU) signed by Santosh Associates during the 'Vibrant Gujarat Global Investors' Summit 2009 (... |
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Mumbai's Largest Slum 'Dharavi' To Get Facelift
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| Published: May 19, 2009 | Author: Administrator | Source: 5 May 2009 - Indian Realty News |
| Many of Dharavi residents are battling government-backed plans to demolish their homes and begin a process known as 'slum rehabilitation'. Dharavi is Asia's largest slum located in the heart of Mumbai and is home to about one million people. Now it has become the focus of heated controversy over gov... |
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Buy Home Now, Pay Later, Say Developers
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| Published: May 19, 2009 | Author: Administrator | Source: 14 May 2009 - Business Standard |
Realtors are trying to grab every opportunity to improve cash flows. For instance, Unitech, Omaxe and Raheja Developers are giving up on recovery of penalty on late payments so that customers do not back out. In the last one year, a lot of people have lost their jobs or taken salary cuts.
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Govt Extends Rs 500 Crore Loan To Emaar MGF
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| Published: May 12, 2009 | Author: Administrator | Source: Indian Realty News - May 11, 2009 |
| In a first ever financial bailout package for a real estate company, the central government has agreed to extend a loan of Rs 500 crore to Delhi-based realty firm Emaar MGF to help it complete the prestigious Commonwealth Games village on schedule. Delhi Development Authority (DDA), a government age... |
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DLF May Have To Pay An Additional Tax Of Rs 400 Crore
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| Published: May 11, 2009 | Author: Administrator | Source: Indian Realty News |
| India’s largest real estate company DLF will have to pay additional tax of Rs 300-400 crore to the government for the financial year 2005-06, after the income-Tax (I-T) department in a special investigation found that the realty company’s books showed an income lower by Rs 1,200 crore for the gi... |
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DLF Plans To Raise 5500 Crore Through Assets Sale
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| Published: May 11, 2009 | Author: Administrator | Source: Indian Realty News - May 8, 2009 |
| DLF Ltd, the country’s largest real estate developer, plans to raise Rs 5,500 crore through the sale of non-core assets such as power units and hotels to help it reduce its debt. In addition, it is banking on another Rs 2,000 crore of additional inflows from group company DLF Assets (DAL), the com... |
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