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Housing Sales Dip in 2014; Realtors Eye Turnaround in New Year
Dec 31, 2014

 

Mumbai/New Delhi: After a sluggish 2014 marked with falling housing sales and high costs, developers are betting on lower borrowing costs and a turnaround in the real estate market in the new year.

 

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Does Maharashtra govt’s decision to grade developers give power to buyers?
Dec 31, 2014

 

In November 2014, the Maharashtra Government announced their intention of introducing a rating system for developers in the state. Till date several private agencies such as CRISIL and ICRA, grade developers and provide ratings to them. By and large this entire exercise was for the developers’ benefit.

 

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Google's Online Shopping Fest: Rs 130 Cr Bookings for Tata Housing
Dec 30, 2014

 

Mumbai: Realty player Tata Housing received booking orders worth Rs 130 crore against 200 units in the three-day Google Online Shopping Festival (GOSF) held earlier this month.

 

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Easier Land Acquisition to Boost Affordable Housing: Industry
Dec 30, 2014

 

Mumbai: The real estate industry has welcomed the Cabinet's decision to amend the Land Acquisition Act, saying it will boost construction of affordable housing.

 

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Developers fear January ready reckoner hike
Dec 30, 2014

 

Expect more stamp duty and registration charges for property transactions in 2015. Developers expect ready reckoner rates to go up from 5% to 40% in January, though an official announcement will come only in the first week of 2015.

 

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Housing sector could turnaround in 2015 with boost of FDI
Dec 29, 2014

 

The year 2015 may well turn out to be that of turnaround for the sagging real estate sector with global investors showing renewed interest. Industry sources as well as bankers believe that the spike in foreign direct investment (FDI) in the real estate after the government relaxed regulations in October this year could change the overall scenario and help companies with huge debt.

 

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Flat prices will drop if BMC is freed of graft
Dec 29, 2014

 

If corruption in the civic body could be rooted out, prices of flats in Mumbai would fall by at least Rs 500 per sq ft, said anti-corruption bureau director general Pravin Dixit on December 27.

 

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Can’t afford a home in Mumbai? Try stand-alone buildings!
Dec 29, 2014

 

Nishant Kumar, a property buyer looking for a home in Thane, wants to know if he can get a good stand-alone project within a budget of Rs 40-80 lakh. He says stand-alone buildings are ideal for those with money but not very keen on additional facilities which are offered by developers today.

 

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Credai Calls for Reforms in Realty Sector in New Year
Dec 26, 2014

 

Mumbai: Government needs to introduce new reforms and ensure their prompt implementation to revive the real estate sector, industry body Credai today said.

 

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No capital gains on sale of FSI by housing societies, rules high court
Dec 26, 2014

 

A housing society does not have to pay any capital gains tax when it sells additional floor space index (FSI) to a builder, according to a recent Bombay high court decision.

 

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Thane eager to make its mark in luxury realty market
Dec 26, 2014

 

Thane, a general refuge to mid-class segment of Mumbai region is slowly shedding its affordable tag and is moving towards luxury segment. Fast forward infrastructural development along with the entry of IT/ITES, retail and logistics companies in the area have been decisive factors in this alteration.

 

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Fresh supply to come up across Ghodbunder Road
Dec 24, 2014

 

As property prices in Mumbai city is no more in the reach of mid-segment buyers, Thane’s Ghodbunder Road can offer moment of delight for real estate buyers.

 

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Italy’s Gianesin Canepari & Partners may invest Rs 600 crore in Indian realty
Dec 23, 2014

 

MUMBAI: Gianesin Canepari & Partners (GC&P), an Italian business consulting company, is planning to bring in over Rs 600 crore investment into Indian real estate over the next five years, a top company executive said.

 

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Yearender: Mumbai realty gets infrastructure boost, unlocked land
Dec 22, 2014

 

Mumbai’s real estate didn’t undergo major policy changes or reforms but it continued to be India’s most desirable place for millionaires, housing over 2000 of the richest people on earth.

 

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The other side of real estate investments
Dec 22, 2014

 

Stories abound about wealth created on the back of real estate investments. It is one investment that is seen as providing income, appreciation in value and stability. And to top it all, there are tax benefits. Given all these, you have to contend with the risk of looking foolish if you did not invest in real estate.

 

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How to make money through real estate cycles
Dec 19, 2014

 

If you read the market right, you stand to gain! Many prospective buyers have posted their queries on Open House, the discussion forum on Magicbricks, seeking advice on whether to buy now or wait and speculating on what the market has in store.

 

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Tips for buying a house
Dec 19, 2014

 

If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even worse proposition.

 

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Mumbai: Where to look for new flats at Rs 70 lakh
Dec 18, 2014

 

Often termed as ‘lungs’ of Mumbai, Borivali is one of the suburbs beyond the Western Suburbs which is undergoing re-development. This has given way to tall buildings of upto 15 floors, giving beautiful view of the Sanjay Gandhi National Park to some of the ‘lucky’ residents. Magicbricks informs you what else can be explored.

 

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Cabinet Defers Approval of Real Estate Regulatory Bill: Report
Dec 17, 2014

 

New Delhi: The Cabinet on Wednesday deferred a decision on setting up a regulator for the real estate sector. According to sources, the Cabinet discussed the Real Estate Development and Regulation Bill but deferred a decision on it.

 

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New development plan in the works to double open spaces, says CM
Dec 17, 2014

 

Chief minister Devendra Fadnavis told the state legislature on December 16 that a new development plan is currently under preparation to increase open spaces in Mumbai from around one square metre per person at present to two square metres.

 

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Metro brings in cheer for investors
Dec 16, 2014

 

Having a mass transit system, or a Metro is a sure shot way to notch up property prices in your city by a 20-25 per cent annually. A look at past experiments – Delhi, Bangalore and Mumbai prove this hypothesis beyond any doubt. Armed with government approvals, the latest the join the bandwagon are Chennai and Ahmedabad.

 

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Should you invest in Collector Passing Property?
Dec 16, 2014

 

Collector Passing Property is the commonly used terminology for properties (houses, plots or flats) that receive the Collector’s permission for construction. In areas such as Vasai, Virar and Nalasopara, several such properties are available and are attracting buyers. However, such buyers are concerned over the legality of such properties.

 

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Will Navi Mumbai properties see high pricing as Mumbai?
Dec 15, 2014

 

Wide roads, planned settlements, greenery around- Navi Mumbai is better explained as modified version of Mumbai which has the capacity to uphold the bustling population. But will the new town see strong dynamics as the old city? Well, Magicbricks tells you if yes, how?

 

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How to rent out your home for a film shoot?
Dec 12, 2014

 

The recently released ‘Kill/Dil’ showcased a home which had a view of the running metro in the backdrop. Similarly, Shraddha Kapoor-starrer ‘Ek Villian’ featured a very usual home but with a designer feel, having Bandra-Worli Sea Link at backdrop. Do you also own a home with a similar view? If yes, then you have the chance of getting your home featured on the 70mm screen.

 

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Should the rich live in the outskirts?
Dec 12, 2014

 

As a norm, real estate development in India that caters to the lower segment of the society has been concentrated towards the outskirts of the city. This is largely because land is economical only in the peripheries of a city and it is the sole factor that makes constructing affordable houses viable for developers.

 

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GOSF: Developers go as low as Rs 299 to sell homes
Dec 12, 2014


Google’s Great Online Shopping Festival (GOSF) is almost coming to an end and this time also it was not just clothing and accessories which took over the festive mood but much more than that.

 

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Reverse mortgage scheme fails to attract target group
Dec 11, 2014


Despite nearly half-a-decade of existence, reverse mortgage schemes are yet to excite senior citizens with the idea of mortgaging their properties to meet their financial needs in the twilight years.

 

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Should you trust project ratings?
Dec 11, 2014


Gone were the times when star ratings were limited to hotels and electrical appliances. These days even builders are adhering to this tool to prove the credibility and viability of their projects.

 

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Lodha Group Sells GBP 50 mn Residences at World's Tallest Residential Tower in 9 Days
Dec 11, 2014


World One, the world's tallest residential tower, has registered bookings to the tune of over GBP 50 mn in the metropolis, three years after it has reopened for booking on November 29.

 

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RBI to Come Out With Guidelines on Refinance
Dec 10, 2014


Kolkata: The Reserve Bank of India (RBI) would shortly come out with guidelines on refinance of existing projects as demanded by the industry, Deputy Governor S S Mundra said on Wednesday.

 

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NAINA – the only hope for affordable homes in Navi Mumbai
Dec 10, 2014


Navi Mumbaikars' hope for affordable housing is not going to end any time soon. Despite Navi Mumbai Airport Influence Notified Area (NAINA) emerging as the new hotspot for affordable homes, the demand is not likely to be met soon.

 

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HDFC Realty, Infibeam foray into instant home booking
Dec 10, 2014


AHMEDABAD: Infibeam and HDFC Realty have teamed up to launch a new initiative that would help people book homes online by paying a token fee, thereby stirring up a $13 billion e-commerce market which is growing at the rate of 30 per cent annually.

 

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Tata Value Homes offers one-day prices on projects in 4 cities
Dec 10, 2014


CHENNAI: Tata Value Homes is offering exclusive one-day prices on its projects in Ahmedabad, Pune, Chennai and Bengaluru. Flats can be booked by paying Rs. 20,000 online.

 

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Lodha Group sells Rs 500 crore worth flats in 9 days at Mumbai high rise
Dec 9, 2014

 

MUMBAI: Premium realty player Lodha Group has registered bookings to the tune of over Rs 500 crore for an ultra luxurious residential project in the metropolis, three years after it was reopened for booking on November 29.

 

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Essar Group puts land on sale, expects Rs 150 crore
Dec 9, 2014


"The plans to develop the plot have now been shelved and the company is looking to monetise this plot," said one of the persons mentioned above.

 

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Reviving Noida airport project could ruffle Delhi's feathers
Dec 9, 2014


A junior minister normally does not interest the media much, but Mahesh Sharma stirred up a hornet's nest on assuming office as minister of state for civil aviation last month. Among his first statements as minister was one where he said he would try to revive the plan for a second international airport in Uttar Pradesh at Jewar in Greater Noida. The project was conceived more than a decade ago in 2001 but had been caught in the political crossfire of governments from three different parties.

 

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Mumbai realty unnerved by HC order on Cidco-Raheja deal
Dec 9, 2014


The realty market has been affected by the Bombay High Court ruling cancelling the allotment of a land by City Industrial Development Corporation Ltd (Cidco) to K Raheja Corp, where the Inorbit Mall and Four Points hotel stand in Vashi in the satellite township of Navi Mumbai.

 

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Bengal needs to do away with land ceiling act: Adi Godrej
Dec 9, 2014


The West Bengal government should do away with the urban land ceiling act, Godrej Group Chairman Adi Godrej said on Tuesday while describing the act as an antiquated legislation.

 

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Know whether to rent or buy a house in your city
Dec 9, 2014


Property prices in most cities are still out of reach for many and the high interest rates on home loans only add to the misery of the common middle-class Indian. Though owning a home is a dream for many, the financially-stretched individual is caught in a perpetual dilemma of whether to keep paying the rent or sign up for an EMI.

 

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Hiranandani to relaunch Chennai, Panvel townships
Dec 9, 2014


Bengaluru: Hiranandani Developers Pvt. Ltd is planning to revamp and relaunch the two townships that it bought this year for around Rs.1,000 crore in the next few months, said a top company executive.

 

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India’s smart cities need smart governments
Dec 9, 2014


Narendra Modi is a leader with an urban vision. As the chief minister of Gujarat, he transformed Ahmedabad with an award-winning sustainable bus transit system and a ‘world-class’ river-front recreation space.

 

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Look for deals when buying realty
Dec 9, 2014


This is a good time to purchase a property for personal use, but not if you are buying it as an investment.

 

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Real Estate: Why India can build hope
Dec 9, 2014


The real estate sector may be hung over from a two-year downturn, but developers say that one thing never changes: The right product at the right ticket size always sells

 

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Sahara to sell Jodhpur, Mumbai land parcels for Rs 1,251 crore
Dec 8, 2014


After selling land in Gurgaon for Rs 1,211 crore recently, the Sahara group is believed to have finalised two more realty deals, one in Mumbai and another in Jodhpur, for Rs 1,250 crore.

 

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Highways plans 8 new projects for Chennai
Dec 8, 2014


The state highways department has eight new projects for the city - including foot over-bridges and subways - on the drawing board.

 

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Survey finds 14,000 acres govt land in capital region
Dec 8, 2014


VIJAYAWADA: A survey conducted for the first time by Andhra Pradesh on demography and extent of government and private land in 29 villages, where it plans to build its new capital city, has revealed that as much as 52,000 acres of farm land is available. Of this, government land (assigned) is 14,000 acres and land in possession of private individuals is 38,000 acres.

 

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Tata Value Homes logs into online selling
Dec 8, 2014


Designed by FCB Ulka Digital, the campaign’s theme ‘One Nation One Price’ leverages the opportunity of the festive season to facilitate house buying

 

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Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore
Dec 7, 2014


NEW DELHI: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore.

 

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All realty projects must display grading for earthquake resistance: SC to centre
Dec 6, 2014


NEW DELHI: The Supreme Court has directed the Centre to ensure that all real estate projects launched in the country prominently display the earthquake-resistant category in which they fall and also explain the connotations of the category as defined by the government.

 

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E-mutation of land records from April
Dec 3, 2014


From April next year, citizens will be able to enter their names in the Record of Rights register online. It is also popularly known as the 7/12 uttara (extract).

 

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Financial trouble? Shift to lower home loan rate
Dec 3, 2014


A home loan repayment, as we all know, is a major liability that often takes several years of your earning life. Sometimes, unforeseen circumstances like a medical emergency or a job lay off may turn out to be a heavy drain on your resources and may offset your calculations of repaying the loan in the scheduled phased manner.

 

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Property sizes in Mumbai region falling since 2012: Survey
Dec 2, 2014


Sizes of homes across the Mumbai metropolitan region (MMR) are shrinking over the past two years as real estate players are developing small-sized properties keeping in mind the price factor.

 

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Here's how technology makes lives safer in smart cities
Dec 1, 2014


This week we explore the smart cities initiatives across the country. Rakesh Asthana, Surat Police Commissioner shows us how the police department is using technology to make the lives of the citizens of Surat safer. Thane Municipal Commissioner Aseem Gupta explains how they are using solutions like Auto DCR to increase efficiency.

 

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