The Times of India | 7 Mar 2017

NAVI MUMBAI: A recent amendment to the formation of co-operative housing society has given a glimmer of hope to owners of Cidco-built condominiums registered under Maharashtra Apartment Ownership Association Act The new directive, issued in a circular on March 3 by Chandrakant Dalvi, commissioner of Cooperation and Registrar Co-operative Societies,

Business Line | 7 Mar 2017

Anil Urs ‘Bottlenecks galorein PMAY’ Reforms and policy initiatives of the Centre and some state governments have encouraged some private developers to take up projects in the affordable housing segment, but their participation is minuscule. The Pradhan Mantri Awas Yojana (PMAY) was designed to give a big role for the private sector, but private developers remain reluctant to take part.

The Indian Express | 7 Mar 2017

Speaking in the Legislature Assembly, BJP member Ashish Shelar raised the issue of violation of norms in the redevelopment of dilapidated buildings in Mumbai and its suburbs Speaking in the Legislature Assembly, BJP member Ashish Shelar raised the issue of violation of norms in the redevelopment of dilapidated buildings in

The Times of India | 7 Mar 2017

Chief Minister Fadnavis said the process of land allotment to Patanjali Ayurveda in Mihan area had been "absolutely transparent" and followed central vigilance commission guidelines. "It's been done by calling bids three times with advertisements in national media. Had it been so lucrative, lots of offers would have poured in and the entire land would have been exhausted.

The Times of India | 7 Mar 2017

NASHIK: The Maharashtra Industrial Development Corporation (MIDC) has started a survey of its industrial estates in the city to find out operational and sick units along with the plots that are occupied but not operational.However, the survey would take a few months to complete due to inadequate numbers of surveyors .

Mint | 8 Mar 2017

Economists said the increase in rural incomes was channelled into improving living standards, especially the need for a pucca house. New Delhi: Rural India traded up on housing needs in the first decade of the new millennium, reveals new data released by the government.

The Economic Times | 7 Mar 2017

NEW DELHI: Stamp duty on affordable houses could be waived soon. Being a state subject, stamp duty is fixed by the state government and varies between 4 per cent to 8 per cent. The Urban development and housing ministry has written to the state governments to exempt affordable houses from stamp duty.

The Times of India | 6 Mar 2017

Gurgaon: Here's good news for taxpayers. MCG has decided that basements established as common facility in group housing societies and exclusively used for parking will be exempt from property tax.The notification of the Haryana government, dated October 2013, lays down the property tax chargeable from properties based on their classifications.

Business Line | 7 Mar 2017

Bindu D Menon Piramal Realty is investing Rs. 1,800 crore on its upcoming residential project in Mulund suburb of Mumbai. The company said post demonetisation it is seeing good traction both in commercial and residential sales, and it will be on course to achieve its sales target of Rs. 1,250 crore for the year 2016-17.

The Economic Times | 7 Mar 2017

BANGALORE: One of its kind campaign, 'Seal the Deal', launched by Magicbricks, India's No.1 online real estate portal, and SBI, India's most trusted bank, received an overwhelming response from home buyers across India. Seal the Deal culminated on February 28, 2017 after a month-long campaign offering the best of deals to the home-seekers.

The Economic Times | 7 Mar 2017

NEW DELHI: Realtors' body CREDAI today said the banks and housing finance companies need to support builders in the development of affordable housing projects as margins are low in this segment. The interest in affordable housing has increased after this segment has been given the infrastructure status in the Budget, CREDAI-NCR President Manoj Gaur said.

The Times of India | 7 Mar 2017

By Herbert Lash NEW YORK, March 7 (Reuters) - A majority of commercial real estate investors plan to be net buyers this year, the highest level since 2014, spurred by prospects of increased U.S. economic growth and less regulation, a survey of investor intentions showed on Tuesday.

India Today | 7 Mar 2017

Sudhir Pai, chief executive of MagicBricks, has been instrumental in scaling up its business and pushing it towards a leadership position within the fiercely contested online real estate portal segment in India. In a candid interview, he tells how the big-bang stimulus to affordable housing in the Union Budget may bring in some cheers to the beleaguered sector.

The Economic Times | 7 Mar 2017

BENGALURU: Microsoft is close to signing a nine-year lease deal with Prestige Group for a 600,000 sq ft office space in Bengaluru, three people aware of the development said. "The deal is in the final stage of closure," they said, adding that the lease is renewable every three years.

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• The Economic Times (8 Mar 2017)

The Hindu | 7 Mar 2017

Price protest: Workers of the Swabhimani Shetkari Sanghatana, led by MP Raju Shetty, agitate against the fall in onion prices and the government’s mismanagement in the purchase of tur dal on Tuesday outside the Assembly.

Legally India | 17 Feb 2017

"Square Yards Consulting Pvt. Ltd, a real estate listings and advisory firm, has raised $12 million from the private equity arm of Anil Ambani-led Reliance Group,” reported Mint. Trilegal acted for Square Yards in this round - its second since a $11m investment from high net-worth individuals last year - led by partner Kunal Chandra and supported by counsel Anjali Menon and associate Aditi Jain.

Mint | 8 Mar 2017

Started in 2006 as a business owned by Times Business Solutions Ltd, MagicBricks was hived off as a separate entity in 2015. New Delhi: Property listings website MagicBricks has raised Rs30 crore from its parent Times Internet Ltd, documents filed with the Registrar of Companies show.

GlobeNewswire | 6 Mar 2017

NEW YORK, March 07, 2017 (GLOBE NEWSWIRE) -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it has arranged a Freddie Mac Small Balance Loan in the amount of $4.8 million to enable ROCO Real Estate to acquire a multifamily property located in Fort Wayne, Indiana.

Projects Today | 7 Mar 2017

Construction company Capacit'e Infraprojects (‘Capacit'e’) has secured orders aggregating Rs 1,500 crore from leading real estate developers. The construction order is from real estate developers like Oberoi, Wadhwa, Rustomjee and Kalpataru in Mumbai; Ozone in Bengaluru; and Emaar in Gurgaon. The company has secured all the orders post demonetisation. Capacit'e bagged the construction work from Oberoi Constructions for two super high-rise buildings in the Enigma project in Mulund in November 2016.