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Cut in home prices, more transparency boost housing loan demand in Gujarat

AHMEDABAD: Decrease in rates by real estate developers and increased transparency by builders in dealings have propelled the demand for home loans in the first quarter of the current financial year. In April-June quarter this year, 27 per cent more beneficiaries procured housing loans from banks across the state compared to the same period last […]

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S&P gives stable outlook to Indiabulls Real Estate

NEW DELHI: Credit rating agency Standard & Poor’s has given a stable outlook to Indiabulls Real Estate LtdBSE 1.71 % (IBREL) as it expects the company’s financial performance to improve over the next 12-18 months. It also affirmed ‘B+’ long-term issue rating on the company’s guaranteed senior notes. “The outlook is stable,” S&P said in […]

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Builders Trim Average Flat Size by up to 26% in 5 Years: JLL

New Delhi: Average apartment sizes fell by up to 26 per cent in last five years across seven major cities in the country as developers are making smaller flats to boost their sales in a sluggish housing market, according to global property consultant JLL India. To beat slowdown in the real estate market, particularly the […]

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Investor buys family real estate portfolio for $136 million

  After investing in buildings one at a time, Chicago real estate firm Speedwagon Properties bought 16 in one fell swoop, taking over a portfolio that includes apartments in Evanston, shopping centers in Kenosha, Wis., and a San Diego office property. Speedwagon paid $135.5 million for the properties, the firm’s biggest deal yet, said Steve […]

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Rules Changed, 60,000 Buyers Can Collect Their Noida Flats In Weeks

  A major revision of environmental guidelines in Noida, a suburb of Delhi, means that thousands of flats that are under construction and others that have been built are no longer located in a no-go zone. Environment Minister Prakash Javadekar has signed off on new contours for how much land around the large Okhla Bird […]

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Real estate boom coming as Lutyens’ zone set to shrink

The leafy neighbourhood of the country’s top politicians, bureaucrats and business leaders is set to shrink as Lutyens’ bungalow zone (LBZ) could make way for modern high-rises, if a Union urban development (UD) ministry plan gets approved. The UD ministry has accepted recommendations of the Delhi Urban Arts Commission (DUAC) and decided to redraw the […]

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Real Estate industry keeps fingers crossed for GST Bill to be passed this week

NEW DELHI: The real estate industry is keeping its fingers crossed and hoping that the Goods and Services Tax (GST) Bill would be passed in the current Monsoon Session of Parliament so that rationalisation of taxes on purchase of materials does not get pushed to 2017. Describing the possibility of postponement of the GST Bill […]

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US home sales reach eight year peak and prices all time high

  Existing home sales in the United States increased in June to their highest pace in over eight years, according to the latest monthly data report from the National Association of Realtors. It also shows that the cumulative effect of rising demand and limited supply has helped push the national median sales price to an […]

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Unscrupulous wealthy overseas property investors to be hunted out of UK property

Overseas wealthy property investors seeking to buy in the UK will find themselves under closer scrutiny as British Prime Minister David Cameron said steps will be taken against unscrupulous individuals and companies. Although most of the foreigners and overseas based companies who invest in the UK property market, particularly the prime market in London, are […]

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Two tier house prices growth continues in Australia led by Sydney and Melbourne

The two tiered growth evident across Australia’s housing markets continued in July with Sydney and Melbourne driving home values higher, the latest monthly index shows. The CoreLogic RP Data Home Value Index increased by 2.8% month on month and 11.1% year on year and the total aggregated value of Australian housing increased by just over […]

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