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DM circle rates may increase by 20%=>Jul,05,2014,TOI,..... This would have effect on land prices on Faizabad Road, Dewa Road, Chinhat, Satrikh Road, Kursi Road, Hardoi Road, Mohaan Road, Rae Bareli Road, Kanpur Road and Sultanpur Road. In Bakshi ka Talab tehsil, the areas, which may witness hike in land price are Sitapur Road, IIM Road, Chandrika Devi Mandir Road and Air Force Station Road.   ||    Realtors expect revival in property market: experts=>Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts said a stable government at the Centre will help revive the property market. Investor sentiment will improve in the realty market leading to rise in housing and office space demand, they said. “The formation of a stable government not dependent on coalition partners will hopefully mean faster decision making and economic reforms. If GDP growth picks up, one of the early beneficiaries would be the real estate industry,” CBRE South Asia Chairman & MD Anshuman Magazine said. Knight Frank India Chairman & Managing Director Shishir Baijal said the economic and political stability would act as a catalyst for revival of the real estate sector in India.   ||    India 3rd on list of 'green buildings' countries outside US=>India has been ranked third on the list of top 10 countries in leadership in energy and environmental design outside America, according to the latest US Green Building Council report.   ||    India's realty sector remains favoured destination: Report=>The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.   ||    Sunnier Days Ahead in Housing, Freddie Says=>The housing market is stronger today than at any point since the Great Recession and has made progress in several key areas after hitting bottom in 2009, Freddie Mac reports in a blog post looking at the state of the housing market heading into spring.   ||    Office space demand to grow by 7 per cent in 2014: DTZOffice space demand to grow by 7 per cent in 2014: DTZ=>Office space absorption is likely to rise 7 per cent this year to 29 million sq ft in India's 7 major cities as corporates look at expanding businesses, says global real estate consultant DTZ.   ||    India's realty sector remains favoured destination: Report=> The Indian construction and real estate sector continues to be a favoured destination for global investors and businesses are optimistic about their prospects for this year, says a report.    ||    Indians most active buyers of property in Dubai=>According to real estate consultancy Cluttons, the relative geographic proximity to India and the large non-resident Indian population in the region are two critical drivers for those looking to park their rupees in Dubai's real estate market.   ||    Tier-III cities drive retail realty market: Jones Lang LaSalle=>Tier-III cities are emerging as attractive destinations for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets, according to property consultant Jones Lang LaSalle (JLL).   ||    Realty sector may see improvement in 6 months=>"As per the stakeholder survey, not just supply and demand for residential property, but price too is expected to witness an upward movement in the next six months," Knight Frank India Chief Economist and Director-Research Samantak Das said in New Delhi.   ||    Millionaires See Real Estate as Top Investment for 2014=>About 77 percent of investors with at least $1 million in assets own real estate. Direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, with a third of millionaires surveyed saying they plan to buy this year. Twenty-three percent said they expect to invest in real estate investment trusts, the second-most popular choice.   ||    RBI rate hike to hit property market: Credai=>RBI raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for the corporate.   ||    Prices May Not Come Down=>The Indian real estate sector continues to be a favoured destination for global investors. The urban population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space.   ||    Shopping mall space supply to more than double in 2014=>Supply of retail space in shopping malls is expected to more than double in 2014 to 11.7 million square feet in the top seven cities of the country compared to last year, according to a report by property consultant Jones Lang LaSalle (JLL).   ||    Realty welcomes home loan rate cuts by SBI, HDFC=>Welcoming the 0.25 per cent rate cut by two of the biggest home loan financiers SBI and HDFC, realty sector participants on Friday said the move will help revive interest in the market   ||    Affordable housing on realty majors' agenda=>Affordable and economically weaker sections (EWS) housing would be the central theme at the annual summit of the country’s leading real estate developers .   ||    Government need to be efficient to trigger housing sector growth=>Credia said government need to be more efficient to accelerate growth in the housing sector.Today Real Estate Sector is the largest generator of economic activity contributing 6.3 percent to GDP & has the ability to drive the economy to a double digit growth.But in order to accelerate growth in the housing sector it is necessary that Govt at all level work efficiently.   ||    Government Scraps TDS on Real Estate Transaction=>After facing opposition from Real Estate developers & other engaged in Realty Sector,the government has decided to not implement one percent TDS on Real Estate transaction as was announced in recent Budget proposals.   ||    Home Prices Rise in 12 cities=>Home Prices roses in nearly half of 26 cities in the three months of September,a report from a state-run bank showed on Thursday,indicating investor's confidence in the sector.   ||    Real Estate emerges as new investment destination for banks.=>Real Estate has emerged as a hot investment destination with banks as project in other sectors of the economy have faltered,prompting banks to rush to fund commercial realty .   ||    LIC HFL cuts loans rates for the festive period.=>LIC Housing Finance Limited (LIC HFL) announced a cut of 0.25 percent in home loan rates & lower processing fee for the festive period.   ||    Uttar Pradesh ranks highest in new investment in Real Estate Sector=>Uttar Pradesh has been ranked top with maximum share of about 40% in the new investment attracted by Real Estate Sector among 20 states across the country during the first quarter of current fiscal,industry body ASSOCHAM said   ||    Salaried Realty Investors in mess as Loan Cost Pinches=>India's deepening economic slowdown,rising cost of living & lower wages revisions & higher interest rate are forcing salaried professionals who had earlier invested in properties to put them up for sale,according to industry experts.   ||    RBI Rate like to hurt housing demand.Realtors=>Real Estate developers have said the Reserve Bank of India's (RBI) decision to hike the key policy rate would lead to increase in finance cost and affect housing demand during festive season.   ||    Diversify reality portfolio by investing in office space.=>Investing in office space helps you diversify your real estate portfolio while earning regular rental income.   ||    RBI bans overseas Purchases,Indian Realty Gains=>To control the outflow of capital from the country,the RBI has brought down the annual cap on automatic outflows from $2,00,000 to $75,000 per individual.   ||    Housing Finance Companies plan to raise $ 1.3 bn=>With Interest rates remaining high housing finance companies (HFCs) led by market leader HDFC have lined up foreign loans of $ 1.3 billion.   ||    World Bank to lend Indian $ 100 million for housing project.=>The World Bank has signed an agreement with Indian Government to provide a $ 100 million loan to help low-income families secure housing loans.   ||    Deduct Tax when buying a house=>Anyone buying an immovable property exceeding Rs.50 Lakh in value will now have to deduct 1% TDS before making a payment to the seller   ||    Govt looks at easing FDI norms for Real Estate=>In an attempt to encourage investor participation in the Indian Housing Sector,the Ministry of Housing and Urban Poverty Alleviation is considering easing norms for foreign direct investment(FDI)in real estate projects.   ||    Govt U-turn - GPA okay for property registration=>The Delhi government issued a new notification to allow registration of properties through General Power of Attorney (GPA).The moves comes over two months after the revenue departments was pulled by the Delhi High Court for planning registration of any sale deed of immovable property through GPA by having misconstrued an earlier Supreme Court order.   ||    Green Homes to attract lower interest rate=>Buyers of Certified Green and energy efficient homes will get homes loans at lower interest rates,with a memorandum of understanding for this being signed on Friday between the The Indian Green Building Council(IGBC)and National Housing Bank(NHB)   ||    Environment Ministry limits ambit of Clearances for Realty Project=>The environment ministry, under pressure from real estate and builders,lobbies and State Government,has limited the ambit of clearances for projects in this sector.Now,local civic authorities will lay down the norms relating to building control and safety in line with relevant master plan.   ||    Rupee Fall May Boost Realty Investment=>Real Estate is again witnessing a lot of inquires especially from NRI's who want to cash in on the drop in the value of rupee.    ||    Real Estate Market Will Lift in FY 2013-14=>With a reduction in interest rates and an expected improvement in macroeconomic condition, it is expected that demand for residential real estate will improve in 2013-2014, enabling higher and better returns on investment (Source Times Property)   ||    Omaxe Q4 FY13 and FY12-13 Earnings Release=>Omaxe Limited, one of India’s leading Real Estate Development Companies, headquartered in Delhi, on 3rd June 2013 reported Consolidated Income from Operations of Rs. 679.67 crore for the quarter ended March 31st 2013 as compared to Rs. 603.58 crore for the quarter ended March 31st 2012, registering a growth of 12.61%.   ||    Property sellers without PAN to bear 20% TDS=>In order to put a check on sale of immovable properties without disclosure of permanent account number (PAN), the government has come up with a new rule. As per this new rule which came into effect from June 1st, 2013, sellers of immovable property will pay 20% tax deduction at source (TDS) on transactions done without disclosing PAN number.   ||    Home Loan sector going strong=>The segment of home loans continues to witness strong growth despite the slowdown in the economy.   ||   
     
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