NEWS WINGS


Gurgaon circle rates cut by 15% to boost realty

Gurgaon circle rates cut by 15% to boost realty

#GURGAON: Circle rates have been slashed by 15% in Gurgaon effective Tuesday, a move that is expected to provide much-needed boost to the sluggish real estate market. This is the first time that circle rates have been slashed in the corporate hub. In the previous two financial years, circle rates were left unchanged but it failed to lift buyer sentiment. TOI was the first to...

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Karnataka to set up 500-acre exclusive township for Japanese firms

Karnataka to set up 500-acre exclusive township for Japanese firms

BENGALURU: Karnataka will develop an exclusive Japanese International Township (JIT) in a 500-acre plot in Tumakuru district, which is about an hour’s drive from #Bengaluru. The township will come up at Vasantha Narasapur, and it will host only Japanese firms, Chief Minister Siddaramaiah said here on Thursday after opening the new engine unit of the Toyota Industries Engine India at Jigani on the city outskirts....

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Demand for Budget Aprt in  Kochi after Recession in Gulf

Demand for Budget Aprt in Kochi after Recession in Gulf

KOCHI: The economic slowdown in the Middle East and uncertainties faced by the Malayali diaspora have led to an increase in demand for budget homes. The non-residential Keralite (NRK) and Gulf returnees are now more cautious about their investments, which has created a dent in the demand for premium and luxury segments in the city. City-based builders and architects said there were more takers for...

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Noida to have another film city

Noida to have another film city

Noida’s Film City in Sector 16 might soon have a competitor. If all goes according to plan, a Mumbai-based company will begin work on a new film city along the Yamuna Expressway. If that happens, Noida will be home to two film cities. Arun Vir Singh, CEO, YEIDA (Yamuna Expressway Industrial Development Authority), says, “A company has proposed a project to establish a film city...

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REITs: SEBI allows more investment in under-construction projects

REITs: SEBI allows more investment in under-construction projects

MUMBAI: The Securities and Exchange Board of India (Sebi) has relaxed rules on Real Estate Investment Trusts (REITs) by allowing them to invest more in under-construction projects, rationalized unit holder consent on related party transactions and removed restrictions on special purpose vehicle (SPV) to invest in other SPVs holding the assets. The Sebi board has also approved changes to portfolio manager regulations to allow a...

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Indian real estate will bullish by Japanese, Chinese realtors

Indian real estate will bullish by Japanese, Chinese realtors

With the allowing of 100 per cent foreign direct investment (FDI) into the real estate industry and India’s rising stature amongst the global investment community, the country has become a hot favorite for developers from Japan and China. Among the noted deals, Dalian Wanda Group, one of China’s most prominent developers signed a memorandum of understanding (MoU) earlier this year with the Haryana government to...

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IKEA seeks Land at Kandla port in Gujarat

IKEA seeks Land at Kandla port in Gujarat

NEW DELHI: Upbeat on infrastructure growth in India, Swedish furniture giant IKEA has evinced keen interest in a proposed cluster at Kandla port and sought 450 acres for the same, Union Minister Nitin Gadkari today said. “We have proposed furniture clusters at the Kandla port. IKEA wants 450 acres of land,” Road Transport, Highways and Shipping Minister Nitin Gadkari said. The retailer is ready to...

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Noida Residential Land Rates hiked by 14.19%

Noida Residential Land Rates hiked by 14.19%

For group housing, the minimum reserved price which was between Rs.35,420 and Rs.93,750 depending on the category of sectors the rate has been raised to Rs.41,940 to Rs. 111,000 Residential land rates in Noida are set to go up. New Okhla Industrial Development Authority (NOIDA) Board at its meeting held on Thursday gave approval for a 14.19 percent hike in land allotment rates. All land...

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New exit policy to help Noida Realtors looking to surrender surplus Land

New exit policy to help Noida Realtors looking to surrender surplus Land

NEW DELHI: Authorities in Noida-Greater Noida region one of the biggest housing markets in the National Capital Region may soon implement an exit policy for builders looking to surrender surplus land, even as Noida Authority decided to increase land allocation rates in the city. Authorities of Noida, Greater Noida and Yamuna Expressway will soon firm up a proposal on this and send it to the...

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single window clearance for housing projects Urged to Tamilnadu Govt

single window clearance for housing projects Urged to Tamilnadu Govt

CHENNAI: The AIADMK government, which has won a record second consecutive term in office, should take steps to revive the real estate sector in the state by introducing single window clearance for housing projects, according speedy approval for building proposals and revisiting related policies, builders have said. Builders associations say the inordinate delay in obtaining planning permission is a major reason for the rise in...

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