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                         <description>CREDAI-NCR NEWS</description>   
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            <title><![CDATA[NEW MASTER PLAN FOR NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14207</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 07:02:55 +0530</pubDate>
			<description><![CDATA[The Times of India- The NCR Planning Board has recently approved a new Master Plan 2031 (drafted in 2009 by the Noida authority).In the new plan,there is a lot of scope for infrastructural,residential and commercial development like widening of roads with elevated structure and underpasses,flyovers,greenery,highrise buildings,hotels,major Metro and road linkage projects to ease traffic,etc. According to the new master plan,the population of Noida will go up to 25 lakh,19 lakh more than the current population,in the next 20 years.As the land bank report says that Noida is almost saturated,the focus of realty development will be on highrise building.Keeping this in mind,Noida is planning to increase the FAR (floor area ratio).]]></description>
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            <title><![CDATA[HOUSING OPTIONS IN NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14206</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 07:02:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Developers and builders are coming up with megahousing projects in Noida-Greater Noida;on offer are a slew of housing options in different sectors of these twin cities.Sectors 34,50,74,77,76 and 78,all near Noida Extension,are being developed at a rapid clip.Here,prices are competitive in comparison to the other sectors of Noida. Developers like Ajnara,Amrapali,Antriksh,Earth Infrastructures,Gaursons,Supertech,Prateek Group,Gulshan Homz,and JM Housing limited have projects here,which cater to budgets cutting across segments from middle-income group (MIG) to highincome group (HIG).From affordable to luxurious,these developers are building residential projects in all the categories,as the demand for each category is huge today.]]></description>
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            <title><![CDATA[RULING ON GPA WILL BRING IN TRANSPARENCY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14205</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 07:01:17 +0530</pubDate>
			<description><![CDATA[The Times of India- The Supreme Court has declared the sale of immoveable property in Delhi through the use of a power of attorney (PoA) as illegal,with retrospective effect from October 2011.This judgment is having a profound effect on the residential real estate market of the national capital. The judgment reads,&quot;It is reiterated that immovable property can be legally and lawfully transferred only by a registered deed of conveyance (sale deed)... &#039;GPA sales&#039; (general power of attorney) of &#039;SA (sale agreement )/ GPA/will transfer&#039; do not convey title and do not amount to transfer,nor can they be recognized as valid mode of transfer of immovable property.The court will not treat such transactions as completed...&quot;]]></description>
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            <title><![CDATA[REAL ESTATE REGULATION BILL NEEDS TWEAKING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14204</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 07:00:30 +0530</pubDate>
			<description><![CDATA[The Times of India- The much-awaited Real Estate (Regulation and Development) Bill,2011,up before a Parliamentary committee,has evoked a strong response from builders and developers. After inclusion of some changes and recommendations suggested by the industry stakeholders,from buyers to developers to industry experts,the government appears keen to see through the real estate regulation bill in the monsoon session.]]></description>
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            <title><![CDATA[WORK MAY RESUME AT NOIDA EXTENSION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14203</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 06:59:43 +0530</pubDate>
			<description><![CDATA[The Times of India- The Allahabad high court this week upheld its judgment delivered on October 21,2011,on the dispute regarding the land acquisition in Noida Extension.With this,the chances of resumption of construction work here have brightened.On Tuesday,the high court rejected the requests of both the warring parties the farmers and authorities of Noida and Greater Noida in the cases filed by both the parties.]]></description>
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            <title><![CDATA[Sharma Comes Down Hard on Idea Restricting Govt Say]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14202</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 May 2012 06:59:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- The commerce and industry ministry will oppose the standing committee&#039;s recommendation that the government should not have a role in land acquisition for any “for profit enterprise”, be it public, private or in the PPP mode. “These recommendations are unacceptable not only to the industry but also to my ministry,” commerce and industry minister Anand Sharma said at a news conference on Friday. “You cannot take a view that is regressive, prevents growth of manufacturing and virtually dampens investor sentiment.”]]></description>
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            <title><![CDATA[Builders’ dream for growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14201</link>
			<source>Deccan Herald</source>
			<pubDate>Sat, 19 May 2012 06:58:19 +0530</pubDate>
			<description><![CDATA[Deccan Herald- With Bangalore’s haphazard, unplanned growth staring us in the face, the concern of the Mysoreans is to see that it does not go the Bangalore way. It is heartening to see that one of the biggest stakeholders in the city, the builders, are also thinking of the heritage city first and then the selling of the apartments, even as the four-day My Realty 2012, is on at the Maharaja’s College grounds.]]></description>
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            <title><![CDATA[B&#039;lore-based Sobha eyes pan-India realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14200</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 19 May 2012 06:57:05 +0530</pubDate>
			<description><![CDATA[Moneycontrol- A property in every Indian city - that&#039;s the dream Sobha Developers has nurtured for a while and has decided to turn this dream into reality. Currently, 70% of the company&#039;s real estate revenues comes from Bangalore and six other cities make up the balance 30%. The company wants to change this ratio to 50:50 by FY16.]]></description>
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            <title><![CDATA[Wal-Mart to enter Gujarat via Anand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14199</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 May 2012 06:56:05 +0530</pubDate>
			<description><![CDATA[The Times of India- World&#039;s largest retailer Wal-Mart plans to enter Gujarat through the NRG-rich belt of Gujarat - Anand, also India&#039;s milk capital. Wal-Mart, through its Indian joint venture Bharti Wal-Mart Pvt Ltd, has kicked off work on the project on Anand-Sojitra Road. This will be its first mall in Gujarat in the wholesale format. Like in other states, the mall in Anand will operate under the &#039;Best Price Modern Wholesale&#039; name.]]></description>
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            <title><![CDATA[‘No instance of terror funds into realty sector’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14198</link>
			<source>Press Trust of India</source>
			<pubDate>Sat, 19 May 2012 06:55:20 +0530</pubDate>
			<description><![CDATA[Press Trust of India- The government on Friday said &quot;no specific instance&quot; of flow of terror funds into the real estate sector has come to its notice. &quot;As per the current assessment of revenue intelligence agencies...No specific instance of flow of terror funds into the real estate sector has been found,&quot; Minister of State for Finance SS Palanimanickam said in a written reply in the Lok Sabha. However, he said, &quot;investigations by the Income Tax Department reveal unaccounted or undisclosed income or assets in various sectors of the economy, including real estate.&quot;]]></description>
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            <title><![CDATA[Air India to appoint real estate consultant]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14197</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 19 May 2012 06:54:30 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Air India is likely to appoint a real estate consultant very soon to prepare a roadmap for monetising its assets in India and abroad worth Rs 5,000 crore over the next decade, official sources said today. The move to monetise its assets at an average rate of Rs 500 crore every year for ten years is part of the Financial Restructuring Plan approved by the government, they said.]]></description>
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            <title><![CDATA[Real estate update: The past, present &amp; future of Bandra Kurla Complex]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14196</link>
			<source>Daily Bhaskar</source>
			<pubDate>Sat, 19 May 2012 06:53:42 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- Bandra Kurla Complex was created by MMRDA as an alternate CBD to Mumbai, with the express purpose of halting the further growth of offices and commercial activities in South Mumbai. Currently, BKC has a total stock of 8 million square feet of office space. An additional supply of 2.5 million square feet is expected in 2012 with the completion of The Capital, FIFC and TCG Finance Centres. Over the last few years, BKC&#039;s G Block has gained prominence as the key location within this unique micro-market. The current vacancy level at Bandra Kurla Complex stands at 16%.]]></description>
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            <title><![CDATA[Take a joint housing loan and enjoy twin tax benefits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14195</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 May 2012 06:52:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home loan rates have come down. But the same cannot be said about, real estate prices. According to data provided By Jones Lang LaSalle, real estate prices have increased rapidly by as much as 30-40% (mostly in newly-launched projects) across Indian Tier I cities, even though the real estate market has been witnessing a slow down since 2009. &quot;The real estate prices, especially in the metros, have gone through the roof. You cannot think of owning a house unless you dip into both the incomes,&quot; says Suresh Sadagopan, Certified Financial Planner, Ladder 7 Financial Advisories. One of the ways, however, you can lower the loan burden and increase affordability by jointly shouldering the loan repayment.]]></description>
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            <title><![CDATA[Mayawati’s rural housing schemes to return as Lohia Awas Yojna]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14194</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 19 May 2012 06:51:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- After scrapping the Mahamaya Awas Yojna and Mahamaya Sarvajan Awas Yojna of the previous BSP government, the Akhilesh Yadav government has decided to launch a single housing scheme for the rural poor, named Lohia Awas Yojna. Both abolished schemes were launched by former chief minister Mayawati in 2008-09 on the lines of the Centre’s Indira Awas Yojna. Under both schemes, a beneficiary had been given Rs 45,000 as financial assistance to build a pucca shelter.]]></description>
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            <title><![CDATA[Sustainable realty: Miles to go but getting there]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14193</link>
			<source>Indian Express</source>
			<pubDate>Sat, 19 May 2012 06:50:50 +0530</pubDate>
			<description><![CDATA[Indian Express- The real estate sector has emerged as one India’s largest drivers of economic growth. As a sector, it provides large scale employment and contributes significantly to the GDP. For decades, environmentalists have been warning that frenetic human economic activity associated with the breakneck speed of economic growth is placing a huge strain on the earth and its natural resources.]]></description>
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            <title><![CDATA[Ramesh, Sharma reject House panel&#039;s proposals on land Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14192</link>
			<source>Business Standard</source>
			<pubDate>Sat, 19 May 2012 06:49:50 +0530</pubDate>
			<description><![CDATA[Business Standard- Rural Development Minister Jairam Ramesh on Friday rejected the Parliamentary standing committee&#039;s suggestion to delete a clause in the Land Acquisition Bill allowing the government to acquire land for public-private-partnership (PPP) projects. He said the government would not compromise with the fundamental principles in the Bill, whose thrust is on urbanisation and industrialisation. A similar assurance came from Commerce Minister Anand Sharma, who said his ministry would not allow any compromise on manufacturing and industrial activities as they were a national priority. The committee has suggested the government not acquire land for PPPs or the private sector.]]></description>
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            <title><![CDATA[Weak rupee makes real estate investments cheaper for the NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14191</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 May 2012 06:49:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- The depreciating rupee has positively influenced the demand from NRIs for residential properties in various cities across India, especially in Mumbai. The rupee has been touching new lows everyday. Even today, the rupee touched 54.82 per dollar in early trades. Exporters and the NRIs are two categories which stands to gain from the weak currency, as they will receive more rupee funds on conversion. The term NRI also includes Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs).]]></description>
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            <title><![CDATA[Panchshil Realty Buys Back PE Firms’ Stakes in Projects ,Pays IREO . 480 cr and BofA-Merrill Lynch . 300 crore as exit price &amp; . 60 crore as dividend]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14190</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 May 2012 07:26:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Pune-based Panchshil Realty has bought back private equity firms Merrill Lynch and IREO&#039;s stakes in three of its projects for over . 720 crore, at least three persons familiar with the development said. Panchshil has acquired IREO’s 50% stake in two projects — EON SEZ at Kharadi and a high-end residential project at Hadapsar for . 480 crore. These transactions have been executed through its subsidiaries Eon Kharadi Infrastructure and Eon Hadapsar Infrastructure. During late 2005, IREO Real Estate, the first organised private equity fund for India’s real estate sector, had invested Rs 180 crore for a 50% stake each in these two projects. Of the total 4 million square feet development at EON Special Economic Zone, around 3 million sq ft is ready and has been leased out.]]></description>
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            <title><![CDATA[Centre Likely to Reject New Land Acquisition Norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14189</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 May 2012 07:25:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government is likely to reject ‘radical’ recommendation of a parliamentary panel that proposed tighter norms for acquiring land for private businesses. In a report tabled in Parliament on Thursday, the Standing Committee on rural development has recommended key changes to the Land Acquisition, Rehabilitation and Resettlement Bill, proposing to bar the government from acquiring land for industrial use. This should be ensured by adopting a more stringent definition of ‘public purpose’, which allows the government to acquire land, the committee has said.]]></description>
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            <title><![CDATA[CREDAI and builders&#039; rift over code of conduct]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14188</link>
			<source>Bloomberg</source>
			<pubDate>Fri, 18 May 2012 07:24:50 +0530</pubDate>
			<description><![CDATA[Bloomberg- Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the code of conduct that primarily outlines transparency clauses that builders have to follow. Ultimately, CREDAI expelled some builders, as they did not comply with the directives despite the body having issued several notices to them. DLF, Hirco and Hiranandani Realtors have been expelled from the Chennai Unit, whereas four builders have resigned from the Bangalore unit.]]></description>
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            <title><![CDATA[Will CREDAI, Fire Department MoU work?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14187</link>
			<source>The Indian Express</source>
			<pubDate>Fri, 18 May 2012 07:24:09 +0530</pubDate>
			<description><![CDATA[The Indian Express- The recent announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. Accordingly, the basic fire certification needs to be provided to builders within 30 days. While it sounds like a positive move for the industry and a relief for all the 180 CREDAI members, the practicality of such a move is being questioned.]]></description>
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            <title><![CDATA[Singapore gateway for Indian overseas flows]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14186</link>
			<source>The Times of India</source>
			<pubDate>Fri, 18 May 2012 07:22:56 +0530</pubDate>
			<description><![CDATA[The Times of India- Singapore is fast becoming a magnet and the gateway for Indian outbound investments. Not only has the island nation posted a 20% jump in attracting India&#039;s outbound investment in the second half of 2011 over the previous year, but the Indian community has also become the largest foreign business community in Singapore with a four-fold jump in numbers of registered businesses to over 4,000 since 2001.]]></description>
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            <title><![CDATA[State role in land acquisition cannot be wished away: Ramesh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14185</link>
			<source>The Times of India</source>
			<pubDate>Fri, 18 May 2012 07:22:14 +0530</pubDate>
			<description><![CDATA[The Times of India- Rural development minister Jairam Ramesh rejected a parliamentary panel&#039;s recommendation to blank out the state from any role in acquiring land for private sector, saying such a situation may not be possible in the present times. Ramesh told TOI, &quot;The state will have to have a role in acquiring land (for private sector) but what that role is to be, can be discussed.&quot;  The remark came after the parliamentary panel headed by Sumitra Mahajan on Thursday rejected any state intervention to acquire land for pro-profit private bodies, even public private partnership projects. The report on &#039;land acquisition amendment bill&#039; goes against the spirit of RD ministry&#039;s draft tabled in Parliament in September last year which sought to facilitate acquisition for private sector by ensuring better compensation.]]></description>
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            <title><![CDATA[Parliament panel for tougher land bill with no role for govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14184</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 18 May 2012 07:21:21 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- A parliamentary stan&shy;ding committee on Thursday proposed a tougher land acquisition bill than what the cabinet proposed. The bill in its present form has been criticised by industry as impractical and cost inflationary because of the heavy compensation and rehabilisation prescribed. A 210-page report of the committee, tabled in Parliament, bars the government from acquiring land for private businesses and said there should be greater clarity in the definition of ‘public purpose’.]]></description>
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            <title><![CDATA[&#039;Covering private builders under Land Bill to hit infra sector&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14183</link>
			<source>Press Trust of India</source>
			<pubDate>Fri, 18 May 2012 07:20:41 +0530</pubDate>
			<description><![CDATA[Press Trust of India- National Real Estate Development Council on Thursday opposed the Land Acquisition Bill saying it should not be applicable to private builders as it will impact development of infrastructure across the country. &quot;Redefining public purpose, as suggest by Parliamentary Committee, will impact infrastructure, industrial and township development severely,&quot; National Real Estate Development Council (NAREDCO) Chairman Navin Raheja said in a statement.]]></description>
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            <title><![CDATA[New FSI may reduce house prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14182</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 18 May 2012 07:20:00 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The state government’s proposal to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region will pave the way for supply of more houses, which will lead to correction in property prices. Because of the high property prices in the Mumbai city limit, people are compelled to buy houses at peripheral locations — Navi Mumbai and Thane. “Looking at the high demand, developers jacked up prices making houses unaffordable. Now, the government’s plan to give additional FSI will restrict the developer’s greed. More FSI will help in creating more affordable houses,” said Pankaj Kapoor, managing director of Liases Foras, the real estate research firm.]]></description>
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            <title><![CDATA[Supertech to raise Rs 3,000 cr via private equity this fiscal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14181</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 May 2012 07:18:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm Supertech today said it plans to raise about Rs 3,000 crore in the current fiscal through private equity for funding its various projects. The company also announced foray in the Gurgaon market with a housing project to be developed in a joint venture with an investment of Rs 400 crore over the next three years.]]></description>
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            <title><![CDATA[HDIL to sell Bangalore land to Godrej Properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14180</link>
			<source>Business Standard</source>
			<pubDate>Fri, 18 May 2012 07:18:17 +0530</pubDate>
			<description><![CDATA[Business Standard- Promoters of city-based property developer Housing Development and Infrastructure Ltd (HDIL) are close to selling their 14-acre land in Bangalore to Godrej Properties, the realty arm of the Godrej group, for around Rs 100 crore, according to sources close to the talks. The land parcel is located off Sarjapur Road in Bangalore. “The deal is in the final legs. Godrej Properties has offered to pay Rs 98 crore now, and added it would increase the price to Rs 105 crore if HDIL promoters obtain all permissions, including commencement certificate,” said a person aware of the talks.]]></description>
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            <title><![CDATA[Real estate prices touch sky, experts rule out price bubble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14179</link>
			<source>Business Today</source>
			<pubDate>Fri, 18 May 2012 07:17:40 +0530</pubDate>
			<description><![CDATA[Business Today- Buyers jostle by each other, trying their best to get the attention of sellers. Sellers have no time to breathe and can barely entertain the buyers. The scene could be from a bustling local market. But here sellers are smartly-dressed people beaming with confidence. It is a &#039;property fair&#039; where developers and brokers are hardselling their properties and prospective buyers are eager listeners. The Economic Survey 2011-12, struck a note different from the frenzy at the fair. &quot;Greater attention needs to be given to asset price bubbles in real estate and stock markets and their implications for the economy and the strength of the financial system,&quot; it said.]]></description>
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            <title><![CDATA[Understanding loan to value under new RBI norm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14178</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 18 May 2012 07:16:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reserve Bank of India has brought about many new directives and guidelines in order to curb speculation in the property market as the sector stands poised for a revival post recession recovery. One of the guidelines that has dampened the mood of real estate developers as well as prospective home buyers is the exclusion of stamp duty, registration fees and all other allied charges while calculating the loan to value when taking a home loan.]]></description>
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            <title><![CDATA[Lodha in talks to buy DLF&#039;s Mumbai land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14177</link>
			<source>Reuters</source>
			<pubDate>Fri, 18 May 2012 07:14:22 +0530</pubDate>
			<description><![CDATA[Reuters- The Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF, the country&#039;s largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said.  Sale of the 17-acre plot is seen as part of DLF&#039;s plan to sell some of its assets to pare debt of about $4 billion. The transaction, if completed, would be one of India&#039;s biggest land deals, industry analysts said.]]></description>
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            <title><![CDATA[Black money white paper focus on real estate, gold]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14176</link>
			<source>Indian Express</source>
			<pubDate>Fri, 18 May 2012 07:13:40 +0530</pubDate>
			<description><![CDATA[Indian Express- Under fire from all quarters for its inability to tackle the problem of black money, the government plans to focus on the real estate and gold and jewellery sectors to stanch the movement of unaccounted funds. The proposed white paper on black money, to be tabled in Parliament’s current session, is likely to propose a debate on “offshore voluntary compliance” for tax evaders with large sums stashed abroad, officials involved in the exercise told The Indian Express.]]></description>
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            <title><![CDATA[Emaar-MGF targets delivery of old projects in FY13]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14175</link>
			<source>Business Standard</source>
			<pubDate>Fri, 18 May 2012 07:12:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Emaar-MGF, a joint venture between Dubai-based real estate developer Emaar Properties and India’s MGF Development Ltd, is looking at fast completion of its existing projects in the current financial year rather than launching new projects. Sources said the company’s primary focus is business consolidation in the financial year, as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden.]]></description>
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            <title><![CDATA[IIM-B, Century Real Estate ink research initiative deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14174</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 18 May 2012 07:12:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Indian Institute of Management-Bangalore (IIM-B) and property developer Century Real Estate have signed a memorandum of understanding (MoU) for setting up the IIMB-Century Real Estate Research Initiative. The research initiative is expected to focus on collecting data and conducting scientific, cross-disciplinary research on the Indian real estate sector that would be published in academic and practitioner journals.]]></description>
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            <title><![CDATA[Landowners have right to reject govt’s offer price: HC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14173</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 May 2012 07:15:07 +0530</pubDate>
			<description><![CDATA[The Times of India- A recent ruling by the Kerala high court on land acquisition may cause further delay in acquiring land, as the court clarified that the price fixed by land acquisition officers are only offers and landowners are not bound by law to accept them. Considering petitions by three landowners from Malappuram challenging the price offered for construction of the approach road to Ummathoor-Aanakadavu Bridge, division bench of Justice Pius C Kuriakose and Justice K Harilal held: &quot;It is trite that awards passed by land acquisition officer are only offers. The awardees are free to accept or not to accept those offers.&quot;]]></description>
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            <title><![CDATA[Govt mustn’t buy land for private parties: House]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14172</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 May 2012 07:14:13 +0530</pubDate>
			<description><![CDATA[The Times of India- A parliamentary panel has recommended that government keep away from land purchase for private parties, contrary to the provision made in the pending land acquisition bill, striking at the heart of the Centre&#039;s plan to facilitate acquisition for industry and townships with better compensation. The standing committee&#039;s blanket bar on acquisition for private bodies, including Public Private Partnership for projects defined as public purpose, strikes down the clause which explicitly allowed the state to step in to help the private sector. The bill tabled in Parliament in September provides for private parties to seek government help to buy a part of land marked for acquisition.]]></description>
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            <title><![CDATA[Credai-Bangalore office-bearers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14171</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 17 May 2012 07:13:15 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mr Nagaraj R. Chairman, Zonasha Projects, has been elected president of the Confederation of Real Estate Developers&#039; Association of India (Credai) – Bangalore, for 2012-14. A press release from the real estate industry body said that Credai – Bangalore has declared the new office-bearers and team for 2012-14. Mr Nagaraj will take over from Mr Sushil Mantri, Chairman of Mantri Developers.]]></description>
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            <title><![CDATA[‘Cops favouring real estate agents’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14170</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 17 May 2012 07:12:00 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Police stations that have names of sponsors on their signboards or hoardings within the station premises will have to remove these. The National Human Rights Commission informed Gujarat police about this issue after observations by dalit activists and allegations of police giving undue favours to land mafias. NHRC members, after meeting dalit victims and NGOs, opined that cops might be giving undue favours to real estate companies like Tulja Estate who sponsor signboards of police stations. Their names are also written on the signboards. Some trading companies too get their names written on such boards.]]></description>
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            <title><![CDATA[SEZs sputter on infrastructure woes, tax traps]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14169</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 17 May 2012 07:11:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Special economic zones (SEZs), supposedly export hubs and growth engines of the Indian economy, have clearly failed to live up to the promise. Exports from SEZs grew just over 15% in 2011-12, compared with the country’s overall exports growth of 21%. Besides, while there has been a fall in India’s investment rate in recent years, SEZs witnessed an even worse drought in new fund flows. Cumulative SEZ investments reported a flat growth (-0.46%) in 2011-12, showing investors are no longer attracted to them. Not surprisingly, SEZ employment generation has fallen too.]]></description>
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            <title><![CDATA[L&amp;T may merge urban infrastructure, realty units]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14168</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 May 2012 07:10:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- Engineering and construction conglomerate Larsen &amp; Toubro may merge its property development and real-estate units as part of a business realignment strategy. &quot;L&amp;T Urban Infrastructure will now be merged with L&amp;T Realty, which in turn will manage the real-estate business for the company,&quot; an executive of L&amp;T Realty said on condition of anonymity. &quot;L&amp;T Realty is strengthening its real-estate team and has increased focus on the segment,&quot; the executive added.]]></description>
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            <title><![CDATA[Reverse mortgage smart option for post-retirement cash flow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14167</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 May 2012 07:09:37 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The reverse mortgage scheme has been approved recently by the government through which a retired couple can generate regular cash flow from their home by borrowing against it to meet their living expenses. They will continue to stay in their home as long as both are alive. The mortgage company will sell the property after their death and recoup the investment. A reverse mortgage is an important tool for retired couples who have either no children or have children who are not in a position to support them financially, and who are themselves running out of accumulated savings.]]></description>
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            <title><![CDATA[Bypass the broker, rent a flat via facebook]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14166</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 17 May 2012 07:08:53 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- To get rid of the middlemen’s hefty brokerage fees, people are actively using the online social media to rent out houses, get a tenant, a roommate and even paying guests. Groffr.com has recently launched Rent a Flat, an easy, fast and free service via Facebook, which works as a facilitator to connect the tenant and owner. And, the real estate brokerage firm does this for no charge.]]></description>
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            <title><![CDATA[Real Estate marketing tips for smaller developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14165</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 17 May 2012 07:08:07 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Despite the market slowdown and high competitiveness among the &#039;Big Boys&#039; in the Indian residential real estate business, smaller builders of residential projects can still corner a healthy market share. It is all a matter of knowing which league to play in, and how to play. For starters, such developers should build at the best location within their means. Often, smaller builders do not have the luxury of picking and choosing locations for their projects. When they are stuck with a less-than-optimum location, they can compensate by making their project a landmark in the area.]]></description>
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            <title><![CDATA[Marg Properties unveils Pushkara in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14164</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 May 2012 07:07:17 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Marg ProperTies, the real estate arm of Marg has now launched a residential apartment project ‘Pushkara’ on OMR, Chennai’s IT corridor. The project will come up very close to the Siruseri Sipcot IT Park, which itself is spread over 1,000 acres and houses independent IT parks of leading compaies, including TCS and Cognizant. The project, designed as a premium lake view apartment complex, will offer 204 residential units comprising studio (one BHK), two BHK and three BHK apartments over five blocks of four floors each. In the first phase, blocks D and E have been opened for booking and the company has announced an initial launch offer of Rs 3,199 per sq ft for the first 50 homes.]]></description>
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            <title><![CDATA[Real estate boom leaves Hyderabad high and dry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14163</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 May 2012 07:06:29 +0530</pubDate>
			<description><![CDATA[The Times of India- The massive real estate boom that pushed Hyderabad to prominence among global investors also sucked the city dry of its water content. With drilling machines digging deep into the ground to lay foundations for the dozens of high-rises that have sprung over the last decade, Hyderabad&#039;s water-table has receded dangerously. Money-driven developers have violated all building norms leaving little open space for the rain to seep through and enhance the ground water level.]]></description>
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            <title><![CDATA[Assotech’s premium project Blith launched in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14162</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 May 2012 07:05:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Assotech, a popular name in the real estate industry in North India has announced the launch of its premium housing project Assotech Blith in Sector 99, Gurgaon. The company has roped in well-known real estate private equity player SUN-Apollo and will invest Rs 500 crore in the project. To be spread across 12 acres, the project will have 586 apartments. It is located on the upcoming 150 NPR (Dwarka expressway) in Gurgaon and is one of the few projects that are surrounded by roads on three sides.]]></description>
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            <title><![CDATA[4-day realty expo from May 18]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14161</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 May 2012 07:05:21 +0530</pubDate>
			<description><![CDATA[The Times of India- Builders&#039; Association of India (BAI), in association with Confederation of Real Estate Developers&#039; Associations of India (CREDAI, Mysore centre), will organize MYREALTY-2012 &#039;The Great Property Show&#039; at Maharaja grounds here from May 18 to 21. The aim of the four-day event is to bring buyers, sellers and financers on the same platform for transparent deals. The property show is dedicated to educating property buyers. Whether a person is a first-time or seasoned buyer, looking for his/ her first or next investment property, (s)he needs to get the right advice from reliable experts, where not only (s)he gets to know about buying, selling and investing in property, but also feels confident about it.]]></description>
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            <title><![CDATA[Nitesh Estates launches villas in Goa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14160</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 May 2012 07:04:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Nitesh Estates, one of the integrated real estate developers in the country, has launched a high-end villa project Nitesh Fisher Island in Goa. The project is spread over 9.3 acres and comprises 36 high-end villas. The project is expected to be completed in the next two to three years and will cost around Rs 300 crore. Each villa is priced between Rs 8 crore and Rs 10 crore.]]></description>
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            <title><![CDATA[Petition seeks BMC to implement property tax ULB level reforms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14159</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 17 May 2012 07:03:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Thane-based political party has approached the Bombay High Court seeking direction to the Brihanmumbai Municipal Corporation (BMC) to implement the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) property tax Urban Local Body (ULB) level reforms. According to the petition filed by one Rajendra Phanse, general secretary of &#039;Dharmarajya Paksha&#039;, the civic body, since the launch of the JNNURM scheme in December 2007, has been neglecting implementation of property tax as prescribed under the scheme for ULBs.]]></description>
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            <title><![CDATA[Why Indian private equity is at the crossroads]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14158</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 May 2012 07:03:16 +0530</pubDate>
			<description><![CDATA[Business Standard- Is private equity (PE) in India a disappointment or an unproven success? That is the question in the minds of many investors, as they decide on their allocations to emerging market funds. The comparisons with China are stark. While many Chinese funds boast of healthy realisations and returns, Indian funds talk about delayed exits and longer investment horizons. Allocations towards Chinese funds are holding steady or increasing, but allocations to Indian funds are on the decline.]]></description>
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            <title><![CDATA[Time for a Facelift]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14157</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 May 2012 07:02:35 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The old skylines of Indian cities are changing. Bitten by the redevelopment bug, property developers across the country are busy altering the city facade. Interestingly, redevelopment of existing housing projects provides a win-win situation for both the developer and the flat owner. While redevelopment is seen across the cities, the focus is old cities such as Mumbai where buildings decay easily because of their proximity to the sea. Other cities such as New Delhi, Kolkata and Chennai are also witnessing a spurt in redevelopment of old structures. Mumbai occupies the prime slot in redevelopment scheme for historical reasons. Building collapses during monsoon rains are an annual ritual in the city. In south Mumbai alone, at least 19,000 buildings have been declared dilapidated, which need to be re-developed immediately. At least 1,000 buildings get added to the list annually, and the number continues to grow.]]></description>
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            <title><![CDATA[Noida farmhouse scheme under UP govt scanner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14156</link>
			<source>The Times of India</source>
			<pubDate>Wed, 16 May 2012 07:17:38 +0530</pubDate>
			<description><![CDATA[The Times of India- Following allegations of a major farmhouse scam in Noida, the Uttar Pradesh chief minister, Akhilesh Yadav, has ordered an investigation into the scheme launched by the Noida Authority in 2009. In a letter addressed to the Noida Authority chairman Rakesh Bahadur, the government has directed him to submit a report within a week. The report will deal mainly on three important points — land acquisition, allotment rate and the procedure of allotment of the farms. The scheme allegedly led to a loss of nearly Rs 300 crore to the state exchequer.]]></description>
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            <title><![CDATA[Altered’ DTC Bill Likely in Monsoon Session, says FM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14155</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 16 May 2012 07:17:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government will bring the Direct Taxes Code (DTC) Bill in the monsoon session of Parliament and has indicated that most of the recommendations of the standing committee will be accepted, raising hope that the legislation that seeks to overhaul the 50-year old income-tax law may be passed quickly.]]></description>
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            <title><![CDATA[Builders’ body expels 3 members]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14154</link>
			<source>The Times of India</source>
			<pubDate>Wed, 16 May 2012 07:15:45 +0530</pubDate>
			<description><![CDATA[The Times of India- Chennai real estate has suffered a major jolt as three of its leading builders, DLF, Hirco and Hiranandani, have been removed from the builders&#039; body, the Confederation of Real Estate Developers&#039; Association of India (CREDAI ). Yet another major builder, Vijay Shanthi, has opted out of CREDAI membership on its own. Trouble is brewing in CREDAI&#039;s Karnataka unit too, where four builders have been expelled.]]></description>
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            <title><![CDATA[Tighter norms likely for FDI in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14153</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 16 May 2012 07:14:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government is prescribing tighter rules for foreign direct investment (FDI) in real estate which will bar a foreign company from repatriating funds even after the mandatory three-year lock-in period in an Indian company. The new norms will make it mandatory for foreign companies to complete at least 50% of the project within five years from the date of project conception.]]></description>
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            <title><![CDATA[Many recommendations on DTC to come into effect in 2013-14: FM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14152</link>
			<source>Business Standard</source>
			<pubDate>Wed, 16 May 2012 07:13:45 +0530</pubDate>
			<description><![CDATA[Business Standard- In what may bring relief to personal income tax assessees from the next financial year, Finance Minister Pranab Mukherjee on Tuesday said many recommendations of the Parliament standing committee on the Direct Taxes Code (DTC), expected to come into effect from 2013-14, would be accepted. The committee, headed by Bharatiya Janata Party leader Yashwant Sinha, had recommended raising the tax exemption limit from Rs 2 lakh a year to Rs 3 lakh, besides much wider tax slabs.]]></description>
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            <title><![CDATA[Noida GMs raided for links to realtors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14151</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 16 May 2012 07:12:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Noida Authority and Greater Noida Industrial Development Authority (GNIDA) have asked the Uttar Pradesh government to conduct vigilance inquiries against four senior officials whose residences were searched by the Income Tax officials three days ago for alleged links with real estate companies. Of the four, three are with the GNIDA — Lalit Vikram Basantwani, General Manager (Finance); S S A Rizvi, General Manager (Projects); and, Ravinder Singh, General Manager (Property).]]></description>
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            <title><![CDATA[Unitech net profit down 98%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14150</link>
			<source>Business Standard</source>
			<pubDate>Wed, 16 May 2012 07:11:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty firm Unitech Ltd recorded a steep fall of 97.7 per cent in its net profit during the fourth quarter of 2011-12, compared with that in the corresponding period the previous year. Its net profit was down to Rs 2.26 crore in the quarter ended March 2012, against Rs 102.5 crore in the same period last year.]]></description>
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            <title><![CDATA[Indians wary of investing in property: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14149</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 16 May 2012 07:10:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Uncertainty in the real estate sector is keeping the Indian home buyers away, according to a survey. &quot;While property still remains the preferred choice of investment of nearly all the Indians, as high as 92 per cent, they are pretty scared of trading in the property market now,&quot; real estate market tracking news portal Track2Realty&#039;s survey titled `Home Buyer&#039;s Satisfaction Index&#039; said. The survey further said that buyers are looking at other options including infra bonds for investment.]]></description>
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            <title><![CDATA[Rebates needed for RWH Projects: Experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14148</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 15 May 2012 07:20:01 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Water scarcity in the city and the state has once again highlighted the need for water conservation. In a workshop organised by DNA on rainwater harvesting (RWH), experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting on projects, and that government provide subsidies to industries and developers for initiating rainwater harvesting.]]></description>
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            <title><![CDATA[Allahabad HC ruling brings cheer to Noida home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14147</link>
			<source>Daily Pioneer</source>
			<pubDate>Tue, 15 May 2012 07:19:07 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- In a respite to thousands of home buyers in the controversial Noida Extension and Greater Noida areas, the Allahabad High Court on Monday dismissed the review petition filed by farmers and Greater Noida Authority in the land acquisition case. The court refused to quash the land acquisition by invoking the urgency clause. The bench comprising Justices Ashok Bhushan, SU Khan and VK Shukla turned down review petitions of Noida Authority and Greater Noida Authority and a number of farmers who were dissatisfied with the judgement delivered by a three-judge bench on October 21 last year.]]></description>
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            <title><![CDATA[Realtors welcome verdict]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14146</link>
			<source>Daily Pioneer</source>
			<pubDate>Tue, 15 May 2012 07:18:03 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- The Allahabad HC order quashing claims of the farmers and upholding its October 2011 judgement has come as a relief to the developers who have invested in the various upcoming projects in Noida Extension and Greater Noida. Welcoming the order Manoj Gaur, Managing Director of Gaursons India Limited, said, “The HC order clarifies that no further review is needed and we are looking at it as a final decision. The decision of the court is very balanced and fair.” Gaur is hopeful that the prices of the flats will soon get a boost and the construction work will start by the end of this month.]]></description>
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            <title><![CDATA[Crime follows realty boom in Ghola]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14145</link>
			<source>The Times of India</source>
			<pubDate>Tue, 15 May 2012 07:17:03 +0530</pubDate>
			<description><![CDATA[The Times of India- Ten, or even five years ago, this area didn&#039;t even qualify as the city&#039;s outskirts. Ghola was derisively referred to as the hooch village. But now, you hear it being discussed on the streets of Kolkata, on buses and the Metro - &#039;Have you heard what&#039;s happened in Ghola, again?&#039; What&#039;s happened in this half-rural-half semi-urban melting pot is a series of crimes - molestation, snatching, stalking and a kidnap drama. All in the span of a week. Last Monday, a group of bikers chased a TV actress, rammed her car on Kalyani Expressway and passed lewd comments. She was then allegedly made to wait at the police station and her complaint was accepted only when the SP intervened the next day. And on Friday, a gang of five waylaid and molested a woman in front of her family. That very night, a college girl was allegedly kidnapped and held to ransom.]]></description>
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            <title><![CDATA[Stringent RBI policy but lower interest rate: Do you benefit from buying a house now?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14144</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 15 May 2012 07:15:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Zooming interest rates and escalating property prices had forced many prospective buyers to postpone their plans of buying a house. However, the recent easing of monetary policy by the Reserve Bank of India (RBI) has brought them relief in at least one aspect-lowering of interest rates. Many public and private sector banks have announced a cut in their interest rates by 25 basis points. This means a reduction in the EMI that a borrower would have to pay. Suppose you had taken a home loan of Rs 30 lakh for 20 years at an interest rate of 11%. If the bank cuts its rates by 1%, resulting in a rate of 10%, your instalment will be slashed by Rs 2,000.]]></description>
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            <title><![CDATA[Coming soon: Affordable housing policy for all]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14143</link>
			<source></source>
			<pubDate>Tue, 15 May 2012 07:14:50 +0530</pubDate>
			<description><![CDATA[- In two months, India could have a brand new affordable housing policy, an effort to give some boost to a weakening real estate sector. The Union Ministry of Housing and Urban Poverty Alleviation  (Mhupa) is in the process of finalising such a policy in two months, reports Business Standard. Mhupa has also built an internal committee to fast track the process of granting approvals of housing projects in a bid to reduce costs by 25-40 percent. Reuters]]></description>
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            <title><![CDATA[Realtor to pay Rs 11.31L for delay in delivery of shop]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14142</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 May 2012 07:13:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- A real estate firm has been asked by a consumer forum here to refund Rs 10.31 lakh to a customer for its failure to give him the possession of a shop, &quot;reasonable time&quot;, besides paying him a compensation of Rs one lakh. Observing that firm TDI Infrastructure Pvt Ltd collected booking amounts without having an agreement, the New Delhi District Consumer Disputes Redressal Forum said it amounted to unfair trade practice.]]></description>
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            <title><![CDATA[Mumbai&#039;s residential mkt shows negative growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14141</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 May 2012 07:12:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- The residential market in Mumbai showed a negative growth of -9.1% during March 2011–2012, according to the latest Knight Frank Prime Global Cities Index, which compares the performance of prime sales markets across key global cities. The value of prime property in the world’s key cities fell by 0.4% in the first quarter of 2012. This represents the index’s first quarterly fall since the depths of the global recession. Overall, the index rose 1.4% in the 12 months to March 2012.]]></description>
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            <title><![CDATA[13 realty companies like DLF, Parsvnath and Eros bid for Sebi&#039;s Delhi office]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14140</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 15 May 2012 07:10:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty players DLF, Parsvnath and Eros are among the 13 companies, which have put in a bid for the Securities and Exchange Board of India&#039;s new northern regional office in Delhi as the regulator seeks to expand its operations in Delhi. The market regulator is in the process of buying 30,000 sq ft or more of office space in Delhi&#039;s Connaught Place area. It currently operates through an 8,000 sq ft office on Sansad Marg and wants to make an outright purchase of built-up office space or a plot of land.]]></description>
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            <title><![CDATA[Godrej Properties to focus on residential space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14139</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 May 2012 07:09:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Godrej Properties, the realty arm of Godrej Group, plans to continue its focus on residential space, a top company official said. &quot;Though there is negative sentiment among buyers at present, the demand for houses will continue to grow, which is a huge opportunity for developers like us. We will continue to remain very much focused on the residential space,&quot; Godrej Properties (GPL) managing director and chief executive Pirojsha Godrej said.]]></description>
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            <title><![CDATA[Private equity investments into Pune real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14138</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 15 May 2012 07:08:52 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Pune has been favoured destination amongst Real Estate PE funds since 2005 - the year FDI opened for real estate. Most of the funds are based out of Mumbai, which gives Pune obvious preference, as the city&#039;s proximity allows these funds to track and monitor the market - and their investments - easily. Also, Pune is among the most rapidly growing cities in India after Mumbai, NCR and Bangalore. The total flow of PE funds into Pune until December 2011 was approximately US$800 million. This consisted of both foreign and domestic monies through around 32 major transactions over the last five years. 2009 saw the lowest flow of private equity funds into the city, though Investors regained confidence in 2010 arrived. The renewed investor confidence resulted in a massive recovery of private equity deal closures in Pune.]]></description>
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            <title><![CDATA[Get your home loan rate lowered]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14137</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 May 2012 07:23:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The rising interest rates might have pushed up your EMI or extended your loan tenure. Here’s how you can get your bank to lower the interest rate. You need to be proactive about your loan repayment and check the interest rate. When the base rate was introduced, home loan customers thought they would get more transparent deals from their lenders. However, many banks continue to discriminate between old and new customers, charging the existing ones a higher rate than that being offered to new borrowers. If you are being charged a higher rate, ask your bank to convert it to the rate applicable to new borrowers.]]></description>
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            <title><![CDATA[Impasse to end by May, says CEO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14136</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 May 2012 07:22:52 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as Noida Extension buyers took to protests in Delhi on Sunday, Greater Noida Authority chairman and CEO, Rama Raman, assured that things are on the right and fast track to end the deadlock. “The meeting on Greater Noida Master Plan is scheduled on May 22 by the statutory planning committee, while on Monday hearing will be conducted on the review petition of Greater Noida Authority in the Allahabad high court,” Raman said. “We have submitted the related papers with the statutory planning committee and are going to file a detailed report before the court,” he added.]]></description>
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            <title><![CDATA[Farmers join chorus to pass Master Plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14135</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 May 2012 07:21:30 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida Extension imbroglio has even put farmers in the region on an edge. Now, even they have started demanding that the Greater Noida Master Plan 2021 be passed soon so villagers can get their developed plots in lieu of acquired land. The Greater Noida Authority has made it clear that no developed plots will be allotted to the farmers till the NCR Planning Board passes the Master Plan.]]></description>
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            <title><![CDATA[Noida homebuyers vent ire at Jantar Mantar, want relief ,Demand End To Housing Logjam, Will Give Memo To PMO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14134</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 May 2012 07:20:42 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers of Noida Extension staged a dharna at Jantar Mantar in New Delhi on Sunday demanding a quick remedy to the impasse that has brought to a halt construction of housing projects in the region. The protestors have prepared a memorandum of their demands that will be handed over to the Prime Minister’s office on Monday. This was the first instance that homebuyers held a dharna in the national capital with a clear aim to have their voices heard in the highest corridors of power in the country. Hundreds of investors, along with family members, joined in the dharna, staged for over four hours, under the banner of Noida Extension Flat Owners and Members Association (NEFOMA). Kids took to the stage to tell about the tragic plight their families have been in since the day their dream homes got mired in a non-ending legal imbroglio.]]></description>
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            <title><![CDATA[Developers and government begins dialogue to redress issues facing the realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14133</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:18:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector plays an important role in the growth of every state. However, the scenario in the country&#039;s business capital of Mumbai has not been very encouraging. The percentage of housing stock in the city has declined in the last one year. With the approval system caught in a limbo, projects have not taken off as planned, causing severe delays and supply crunch, also putting pressure on prices. Developers feel over-regulation has slowed momentum in the industry.]]></description>
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            <title><![CDATA[Impasse over housing projects to end by May: Rama Raman]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14132</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 May 2012 07:17:58 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as Noida Extension buyers took to protests in Delhi on Sunday, Greater Noida Authority chairman and CEO, Rama Raman, assured that things are on the right and fast track to end the deadlock. &quot;The meeting on Greater Noida Master Plan is scheduled on May 22 by the statutory planning committee, while on Monday hearing will be conducted on the review petition of Greater Noida Authority in the Allahabad high court,&quot; Raman said. &quot;We have submitted the related papers with the statutory planning committee and are going to file a detailed report before the court,&quot; he added.]]></description>
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            <title><![CDATA[Rents firm up in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14131</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 14 May 2012 07:17:15 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The rental values of both residential and commercial properties in Hyderabad have gone up by 10 to 20 per cent in the last quarter. This varies depending upon the location. In some areas, the hike is steeper going up by about 20 per cent and in others it is about 10 per cent, according to Mr D. Sreedhar Reddy, President of National Association of Realtors India. Interaction with a cross section of real estate players and recent reports of consultancy firms show that the rentals are firming up just as the capital values. The firming up of prices reflects the market mood which has turned positive after a few quarters of subdued sentiment against the backdrop of a slowdown and agitation for statehood for Telangana.]]></description>
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            <title><![CDATA[Investing in a residential property at strategic location with purpose of renting an excellent investment proposition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14130</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:16:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Pune has witnessed a consistent real estate market in the last few years and continues to be one of the prime cities for residential investment. Healthy consumer demand, along with good economic drivers, has led to vigorous residential investments producing good yields. A high migrant influx offers a robust market for rental property. The primary catalyst that has changed the face of the city is the IT sector, fostering growth especially in the western region of the city; it is now capturing the eastern region as well.]]></description>
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            <title><![CDATA[Mumbai real estate fraternity reacts to the proposed hike in stamp duty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14129</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:15:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government has deleted Article 25 (d) of the Bombay Stamp Act, 1958, which was essentially for residential premises. With this, residential and non-residential transactions have been brought at par. Earlier, the stamp duty in Mumbai was charged at Rs 7,600 but it has now increased to Rs 25,000 per transaction or a 3.48 per cent extra for transactions up to Rs 5 lakh. On average, around 2,00,000 such transactions take place annually in Mumbai alone; this translates that the government would get an extra Rs 350 crore.]]></description>
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            <title><![CDATA[Growth of malls: &#039;South India to dominate&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14128</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 May 2012 07:15:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- According to the survey, the retail real estate activity in the South has gained notable momentum in recent years and it is expected to continue in the medium term. &quot;The share of the South states&#039; retail stock to the national stock is expected to record a notable increase from 20 per cent in 2011 to 36 per cent by the end of 2016. Development of retail malls will be primarily dominated by local developers,&quot; JLL said. The survey said a total of 59 malls are either proposed or in various stages of construction across the three major southern cities -- Bangalore, Chennai and Hyderabad.]]></description>
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            <title><![CDATA[Kishore Biyani rolls out malls for wholesaler retailers called World Market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14127</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:14:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- Kishore Biyani, a key player in the India&#039;s organised retail industry, has now trained his sights on the wholesale segment. He will build malls for wholesalers called World Market, the first of which will open in Bangalore this year. World Market, which will allow wholesalers to own shop space of 200-500 sq ft in an air-conditioned mall, is being positioned as an expansion option for wholesalers housed in traditional markets that are often overcrowded, inaccessible and where they run the risk of not holding legitimate title deeds.]]></description>
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            <title><![CDATA[Ansal Projects seeks denotification of its Gurgaon SEZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14126</link>
			<source>Business Standard</source>
			<pubDate>Mon, 14 May 2012 07:13:28 +0530</pubDate>
			<description><![CDATA[Business Standard- Ansal SEZ Projects has approached the government seeking to surrender its special economic zone in Gurgaon after the imposition of minimum alternate tax and global economic uncertainties. The request for denotification of the SEZ will be placed before the Board of Approval (BoA), which is scheduled to meet on May 22.]]></description>
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            <title><![CDATA[Home sales hit peak in 2005, dipped post mill land deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14125</link>
			<source>Indian Express</source>
			<pubDate>Mon, 14 May 2012 07:12:45 +0530</pubDate>
			<description><![CDATA[Indian Express- The real estate market may be buoyant about the sector slowly inching towards recovery after a long lull, but the market has never really bounced back for home buyers from the 2005 peak. Figures collated by Newsline from the registration office show that sale of homes in Mumbai had hit a peak in 2005, when the market was most efficient, with 89,843 houses being sold that year. In a sign of the sharp rate at which realty prices have soared since then, as also heavy investor presence, home sales have been plummeting thereafter — the only jump was from 57,344 in 2009 to 79,909 in 2010 — and only 63,501 properties were registered in 2011.]]></description>
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            <title><![CDATA[Its quality first for Bangalore realtors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14124</link>
			<source>Indian Express</source>
			<pubDate>Mon, 14 May 2012 07:11:58 +0530</pubDate>
			<description><![CDATA[Indian Express- The accelerating growth of the South Indian real estate market has drawn eyeballs of the country’s real estate industry. A detailed report on the South India real estate market conducted by global real estate intelligence firm Jones Lang LaSalle India has revealed stark statistics. Analysing the real estate footprint of South India, the report stated, “What South Mumbai is to Mumbai or South Delhi is to Delhi, could well be South Indian cities to India.”]]></description>
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            <title><![CDATA[DLF to start its own fire brigade]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14123</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 May 2012 07:11:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- Country&#039;s largest real estate player DLF is all set to start its own fire brigade beginning with Gurgaon and Chennai, making it probably the first private company to dabble into such activities. DLF, which is credited to have established almost the entire Gurgaon -- one of the first MNC hubs of the country, will set up at least three fire stations in this NCR city as also in southern city of Chennai, in the next two months.]]></description>
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            <title><![CDATA[Indians prefer second-hand property: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14122</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:10:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- &quot;About 74 per cent home buyers across India are negotiating for a ready-to-move property,&quot; real estate market news portal Track2Realty&#039;s survey titled &#039;Home Buyer&#039;s Satisfaction Index&#039; said. The survey says out of the remaining 26 per cent, who opted for new launches for price discounts, as many as 82 per cent were now repenting their decision, mainly due to delays in the project completion. The survey was conducted in Delhi, Mumbai, Kolkata, Bangalore, Kochi, Ahmedabad, Chennai and Patna.]]></description>
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            <title><![CDATA[Banks now help you spot that dream home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14121</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 May 2012 07:09:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- The lengthy process of buying your dream home begins with the most critical aspect — identifying the property and while your local broker may have been your dependable man to do that till a few years ago, that is not the case any longer. Most banks and housing finance companies (HFCs) now offer property search services giving you an option to deal with an institution that has benchmarked practices.]]></description>
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            <title><![CDATA[Indian buyers often taken for ride by developers sans real estate regulator]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14120</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 May 2012 07:09:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Indian buyers are often taken for a ride by developers, as there is no regulator in the real estate industry. A delay by six months to a year is considered normal and flouting a few rules is the norm. Then there are issues like building plans being changed midway during construction, or common facilities falling short of expectations. Colonel R S &#039;Pickles&#039; Sodhi, the managing director of Alpha GCorp, says: &quot;The Indian real estate industry is plagued by issues like diversion of funds to other projects and one-sided contractual terms. The most common problem facing property buyers today is project delays that can stretch to several years, as developers are often short on funds. Increasing construction costs have affected their margins and most developers bank on project sales to generate funds.&quot;]]></description>
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            <title><![CDATA[Cities need money, and managers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14119</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 May 2012 07:08:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- India’s cities are growing in size and so are the numbers of inhabitants. The demands on the urban envelope are only increasing by the day and in terms of sheer numbers, it is quite mind boggling. While cities contribute greatly to the growth of the economy, they receive little attention in terms of financial allocation. Cities are cared for by municipal bodies, who provide for and maintain public goods and services that cater to the needs of the urban dwellers. Municipal functions cost money, which for municipalities is always limited and results in poor upkeep of the city and also do not provide adequately for future development.]]></description>
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            <title><![CDATA[Affordable housing policy soon, as ECB fails to excite ,The policy will include increasing the floor space index &amp; easing of density norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14118</link>
			<source>Business Standard</source>
			<pubDate>Mon, 14 May 2012 07:07:38 +0530</pubDate>
			<description><![CDATA[Business Standard- An affordable housing policy is in the works to attract developers and to meet the shortage of around 25 million houses in the country. The Union Budget had announced access to external commercial borrowing (ECB) for affordable housing but the industry wasn&#039;t excited due to low margins in this category. Now, the Union Ministry of Housing and Urban Poverty Alleviation (Mhupa) is in the process of framing an affordable housing policy, expected to be finalised in two months.]]></description>
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            <title><![CDATA[Billionaire Godrej Sees Growth in India With Real Estate: Retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14117</link>
			<source>Bloomberg</source>
			<pubDate>Mon, 14 May 2012 07:06:53 +0530</pubDate>
			<description><![CDATA[Bloomberg- Indian billionaire Adi Godrej said real estate will deliver his company’s fastest growth over the next five years as foreign rivals such as Unilever Plc (ULVR) and Procter &amp; Gamble Co. (PG) (PG) constrain his flagship consumer-goods unit. “The strongest growth potential we see is in our property- development business,” Godrej, chairman of the Godrej Group, said in an interview at his office campus on the outskirts of Mumbai. “No one has any significant market share. It is divided among a large number of players.”]]></description>
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            <title><![CDATA[Builder cans project, buyers left in lurch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14116</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:34:46 +0530</pubDate>
			<description><![CDATA[The Times of India- Given the continuing uncertainty over the fate of housing projects in Noida Extension, in a first-ever instance a prominent builder has scrapped one of its housing projects leaving a large number of homebuyers in disarray. Investors have now become wary that scrapping of the project might open a floodgate, wherein other builders might choose to back out if the stalemate continues.]]></description>
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            <title><![CDATA[&#039;Retail will stay local, even after FDI&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14115</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 12 May 2012 07:33:51 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Fears that allowing foreign direct investment (FDI) in the multi-brand retail sector will force local retailers out of business and hurt farmers’ interests, may be exaggerated if not totally unfounded. In fact, a working paper by Indian Institute of Management, Ahmedabad’s (IIMA) Prof Piyush Sinha and adjunct faculty Srikant Gokhale says that opening the retail sector to FDI is unlikely to attract new transnational retailers.]]></description>
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            <title><![CDATA[Loan mix changing; still home loans rule the roost]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14114</link>
			<source>Financial Chronicle</source>
			<pubDate>Sat, 12 May 2012 07:33:06 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Home loan is among the fastest growing segments for Indian banks, with retail loans, particularly home loans, driving business at a time when the economy is stressed and most big companies are shying away from borrowing, having put their expansion plans on hold. Many banks are also making conscious changes in their total advances mix, giving higher weightage to retail loans. In the past year, banks and housing finance companies have clocked 20-22 per cent increase in their home loan portfolio over the previous year.]]></description>
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            <title><![CDATA[THE KINDEST CUT BY RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14113</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:32:26 +0530</pubDate>
			<description><![CDATA[The Times of India- After a lukewarm Budget, the real estate market finally has something to cheer. The RBI’s decision to cut repo rates by 50 basis points is a welcome step. The reduction of 50 basis points on the repo rate comes like light at the end of the tunnel for the real estate sector. 
The sector has been reeling under the pressures of high land costs, high interest rates, high input cost and low demand. As this will lead to lowering of interest rates on home loans, this step is widely expected to help lower the cost of financing the property for end users. This in turn may spur demand and increase sales of units.]]></description>
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            <title><![CDATA[WILL FENCE-SITTERS APPLY FOR HOME LOANS?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14112</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:31:24 +0530</pubDate>
			<description><![CDATA[The Times of India- There is a mixed feeling in the market over the benefits that may accrue to the housing sector by RBI’s recent cut in repo rate. Will home sales get a boost after the RBI cut repo rates by 50 basis points? Should we also expect that property prices will fall? Will fence-sitters now apply for home loans without wasting time?]]></description>
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            <title><![CDATA[Mumbai Land Prices Set to Extend 15% Decline, Oberoi Realty Says]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14111</link>
			<source>Bloomberg</source>
			<pubDate>Sat, 12 May 2012 07:30:27 +0530</pubDate>
			<description><![CDATA[Bloomberg- Mumbai land prices, India’s most expensive, may extend their 15 percent decline this year as high borrowing costs force indebted developers to sell real estate, Oberoi Realty Ltd. (OBER) Chairman Vikas Oberoi said. India’s biggest developers are failing to rein in record debt as they grapple with high borrowing costs, dwindling sales, and banks reluctant to lend to developers. Oberoi, with no debt and about 13 billion rupees ($244 million) in cash, will take advantage of falling prices to buy land.]]></description>
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            <title><![CDATA[LESSON FROM SINGAPORE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14110</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:29:11 +0530</pubDate>
			<description><![CDATA[The Times of India- The Indian buyers are often taken for a ride by developers, as there is no regulator in the real estate industry. A delay by six months to a year is considered normal and flouting a few rules is the norm. Then there are issues like building plans being changed midway during construction, or common facilities falling short of expectations. When projects don&#039;t sell as anticipated due to economic slowdown or any other reason, they tend to get delayed or abandoned altogether. While most builders have a penalty clause for delays, it is only a fraction of the EMI for home loans or about Rs 5 per sq ft per month.]]></description>
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            <title><![CDATA[SALES GO UP IN RESIDENTIAL SECTOR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14109</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:28:10 +0530</pubDate>
			<description><![CDATA[The Times of India- Market shows a positive outlook as sales have picked up in the fourth quarter of 2011-12, says global consultancy firm Knight Frank in its latest report on residential real estate market in the National Capital Region of Delhi. According to the report, Delhi’s residential market might see some appreciation in capital value, despite the slowdown in the economy. However, it says, prices in the suburban micromarkets of the NCR are expected to remain stable over the next few quarters.]]></description>
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            <title><![CDATA[Delhi land scam: Court allows defreezing of Ashok Malhotra&#039;s a/c]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14108</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 May 2012 07:27:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- A special CBI court has allowed defreezing of the bank accounts of &#039;chole-bhature&#039; vendor Ashok Malhotra, an accused in the multi-crore land scam, and his family members for recovery of Rs 6.13 crore in tax arrears.
Special CBI Judge A K Mendiratta allowed Income Tax department&#039;s application for defreezing of Malhotra&#039;s and his family&#039;s bank accounts, which were frozen by the CBI during investigation into the scam, to recover outstanding tax liability.]]></description>
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            <title><![CDATA[Indian moms storming into real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14107</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 May 2012 07:26:10 +0530</pubDate>
			<description><![CDATA[The Times of India- Indian mothers have indeed come a long way to prove that the challenging job of realty business can be managed along with family responsibilities and bringing up the children.]]></description>
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            <title><![CDATA[&#039;Shapoorji Pallonji, arrested man did biz&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14106</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 May 2012 07:25:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Anti-Corruption Bureau (ACB) of the Maharashtra Police claims it has found evidence of business transactions of Rs 258 crore between real estate giant Shapoorji Pallonji Company Ltd (SPCL) and the suspended Maharashtra Housing &amp; Area Development Authority (MHADA) deputy collector, Nitesh Thakur.
SPCL told The Indian Express that it had made payments to two companies represented by Thakur’s brother Nilesh Thakur, but the amount was less than what the ACB has claimed.]]></description>
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            <title><![CDATA[Four pose as I-T officers, loot realtor of Rs 2 crore, car]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14105</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 May 2012 07:24:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- A manager of a construction company was looted of Rs 2 crore after four armed men intercepted his Chevrolet car in Hauz Khas, South Delhi, on Thursday evening.
Police said Sukhanto Roy was headed towards Lajpat Nagar, when a Toyota Corolla forced his driver to stop the car near the Panchsheel flyover.]]></description>
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            <title><![CDATA[GURGAON TOPS DEMAND CHART]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14104</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 May 2012 06:32:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Looking at the cumulative real estate demand, the NCR will have a requirement of 10.2 lakh housing units (commercial capital Mumbai requires 16.4 lakh), 249 lakh sq ft office space and 6.6 lakh sq ft retail by 2013. In the NCR, Gurgaon leads the pack in the demand in residential, office, retail, and hospitality sectors. Forthcoming world-class projects, proximity and well connectivity to Delhi are a few factors driving these figures.]]></description>
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            <title><![CDATA[BAN ON GPA SALE WILL RAISE PROPERTY PRICES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14103</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 May 2012 06:31:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Delhi government’s decision to ban sale of property through general power of attorney (GPA) will lead to a sharp rise in the free-hold property prices in Delhi, says ET Realty. The Delhi government’s decision to ban sale of property through general power of attorney (GPA) will cause hardship to the property owners in Delhi, who bought the property on GPA, which lacked perfect documentation but is free from any disputes.]]></description>
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            <title><![CDATA[OWNERSHIP TO BE FREE-HOLD IN NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14102</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 May 2012 06:30:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- The authorities of Noida, Greater Noida and Yamuna Expressway will soon make ownership of property free-hold, in line with the policy announced by the UP government. ET Realty reports. There is good news over property ownership. If the new ownership policy recently announced by the government of Uttar Pradesh is implemented, the properties at Noida, Greater Noida, and even Yamuna Expressway, will become free-hold.]]></description>
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            <title><![CDATA[STAMP DUTY EVASION , Mumbai, Delhi Realty Deals Under Scanner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14101</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 May 2012 06:29:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- Many high value bungalows in Delhi and Mumbai are under the government’s scanner for evasion of stamp duty. These include bungalows in Lutyens’ Delhi and other upmarket neighbourhoods in Delhi such as Golf Links and Shantiniketan, as well as sea-facing apartments in south Mumbai, which are bought by the rich and the famous. In such transactions, buyers of these luxury homes — which include many leading businessmen — acquire shares of the seller&#039;s shell company, which owns the property, instead of transferring the property in their name by paying stamp duty, the usual practice followed for buying homes. This way, while the seller evades paying capital gains tax, the buyer pays only 0.25% taxes on the share transfer instead of the 6-8% stamp (registration) duty. In big deals running up to . 150-300 crores, the tax evasion could be as high as . 15-30 crore.]]></description>
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            <title><![CDATA[Huge tracts of land converted to NA use in Saurashtra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14100</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 11 May 2012 06:28:43 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Huge tracts of agricultural land are being converted into non- agricultural (NA) land for construction of housing and industrial activities across Saurashtra. The conversion, if it continues at the same pace, may put pressure on foodgrains and vegetable production in the coming years.According to experts, various socioeconomic reasons like urbanisation, lack of interest in farming as a profession and higher land prices are responsible for this trend.]]></description>
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            <title><![CDATA[Housing demand to remain stagnant till economy improves]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14099</link>
			<source>Business Standard</source>
			<pubDate>Fri, 11 May 2012 06:27:40 +0530</pubDate>
			<description><![CDATA[Business Standard- Despite recent rate cut by RBI, stagnancy in demand will continue in the short to medium term, says analyst
Housing demand is expected to remain subdued in short-to-medium term despite cut in key policy rates by RBI, global property consultant CBRE has said.]]></description>
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            <title><![CDATA[Maha CM okays proposal to increase rental tenement size]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14098</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 May 2012 06:24:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a move that may give a boost to the rental housing scheme of the Mumbai Metropolitan Region Development Authority (MMRDA), the state government has decided to increase the size of tenements under the scheme from 160 sq ft to 300 sq ft. The scheme envisages providing small-size rental flats at affordable rates. At a high-level meeting held late yesterday, Chief Minister Prithviraj Chavan agreed to the proposal to increase the size of the rental houses from 160 sq ft to 300 sq ft.]]></description>
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            <title><![CDATA[Triveni Infra Dev. to pay Rs 6.35L for not delivering flat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14097</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 May 2012 06:23:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developer Triveni Infrastructure has been directed by a consumer forum here to refund Rs 6 lakh to one of its customers, who had booked a flat in their township project at Faridabad but did not get possession for more than four years. Finding the company guilty of unfair trade practice for giving a flashy advertisement despite being &quot;well aware that the aforesaid project would never be successful&quot;, the New Delhi District Consumer Disputes Redressal Forum also awarded Rs 25,000 as compensation for harassment and Rs 10,000 as litigation costs]]></description>
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            <title><![CDATA[HUDA policy for extension in construction time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14096</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 May 2012 06:22:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Haryana Urban Development Authority (HUDA) today modified and finalized the policy for grant of extension in time for construction on Institutional sites and grant of extension fee. As per the existing policy for sites for social, charitable trusts, religious institutions, philanthropic institutions and trusts, the constructions were required to be completed with a period of two years from the date of the offer of possession. Further, an extension of three years was permissible for completing construction on such institutional sites on payment of extension fee. Now the total period of completing construction would be seven years from the date of possession.]]></description>
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            <title><![CDATA[IT entrepreneur Jerry Rao goes deeper into budget housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14095</link>
			<source>Business Standard</source>
			<pubDate>Fri, 11 May 2012 06:21:44 +0530</pubDate>
			<description><![CDATA[Business Standard- Value &amp; Budget Housing Corporation (VBHC), promoted by former Citibankers Jerry (Jaithirth) Rao and P S Jayakumar, plans to launch six budget housing projects in the country by the end of this year. It is looking at two projects for the Mumbai area, two in the National Capital Region and one each in Bangalore and Chennai, said Rao. “The success of our project in Bangalore has given us confidence to launch more such projects,” Rao, earlier the chairman of Mphasis, told Business Standard. In its maiden project in Bangalore, the company has sold 2,000 units so far.]]></description>
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            <title><![CDATA[Puravankara Q4 net profit zooms over two-fold]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14094</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 May 2012 06:20:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real-estate developer Puravankara Group today reported an over two-fold jump in consolidated net profit at Rs 46.05 crore for the fourth quarter ended March 31, 2012. The city-headquartered company&#039;s revenues during the quarter grew by 49 per cent to Rs 232.11 crore. The board of the company has recommended a dividend of 20 per cent.]]></description>
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            <title><![CDATA[DLF forms team to weigh non-core asset sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14093</link>
			<source>Business Standard</source>
			<pubDate>Fri, 11 May 2012 06:19:44 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF, the largest real estate company has, with the aim of cutting its big debt load, recently set up a core team of five to six people to focus on the process of sale of non-core assets, a company official said. DLF is targeting to raise Rs 5,000-6,000 crore this financial year from the sale of non-core assets. In 2011-12, it had managed to raise around Rs 1,620 crore from non-core divestments as of December 2011 and in 2010-11, around Rs 1,110 crore. The company had set a medium-term goal of raising Rs 7,500 crore, of which Rs 6,000 crore could be raised by March 2013, according to the latest presentation to analysts.]]></description>
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            <title><![CDATA[Pune logs $800 m PE funding]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14092</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 11 May 2012 06:18:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Pune happens to be a favoured destination for real estate private equity funds since foreign direct investment was opened up for real estate in 2005.
Most of the funds are based out of Mumbai, which gave Pune obvious preference, as its close proximity allows easy tracking and monitoring of the market and their investments. Further, Pune is among the most rapidly growing cities in India after Mumbai, NCR and Bangalore, said Mr Sameer Gholve, Manager - Capital Markets, Jones Lang LaSalle India.]]></description>
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            <title><![CDATA[Govt bonanza for slums: EWS flats for 1,300 families]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14091</link>
			<source>The Times of India</source>
			<pubDate>Thu, 10 May 2012 06:43:48 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi government is all set to roll out its action plan to rid the city of its slums by 2015. Keeping in sync with this plan around 1,300 families across 14 slums have been found eligible for allotment of flats in the first phase by the Delhi Urban Shelter Improvement Board (DUSIB). The board plans to begin the relocation process later this month. The families will be allotted flats in areas like Narela and Bawana. It is proposed to take up two clusters to begin with and complete the removal and relocation process of these clusters over the next few months.]]></description>
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            <title><![CDATA[Study for safer IT campus]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14090</link>
			<source>Deccan Herald</source>
			<pubDate>Thu, 10 May 2012 06:43:07 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The Royal Institution of Chartered Surveyors (RICS) along with Vestian Global Workplace Services, on Wednesday, released a pan-India study: ‘Assessment of IT&amp;#8200;Campus Environments’, aiming to evaluate the work environments of IT campuses, and seeing if they are at par with global standards. The study, covering 15 Information Technology (IT) parks across the country with a total workforce of 3 lakh, describes the changing dynamics of the workplace atmosphere and suggests improvements required, if any, to boost overall operational performance.]]></description>
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            <title><![CDATA[Here, entrepreneurship makes way for housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14089</link>
			<source>The Hindu</source>
			<pubDate>Thu, 10 May 2012 06:42:28 +0530</pubDate>
			<description><![CDATA[The Hindu- Much of Bangalore was the product of the government&#039;s boost to industry. Public sector enterprises led to the formation of work areas and residential layouts for those who came to the city for jobs. In that city, Magadi Road was a place where private enterprise took root and flourished. Despite being in the news mainly for institutions such as the Beggar&#039;s Colony and the leprosy hospital, the area has been nurturing small and tiny industries for over three decades.]]></description>
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            <title><![CDATA[In Cyber City, techies now struggle for parking space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14088</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 May 2012 06:41:47 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Hiring and parking space for IT companies’ employees is not growing at a symmetrical pace. Parking space for IT companies’ employee vehicles have shrunk by about two third in the last two decades, said a study by Chicago based real estate service provider, Vestian and Royal Institutions of Charted Surveyors (RICS). The study, which was released on Wednesday, also cited security lapses in most of the IT parks across India. The study titled, “assessment of IT campus environments” said, the findings assumes importance as by 2015, the number of IT and ITES both direct and indirect employees would be about 15 million. The IT sector is also expected to contribute about 7 per cent of India’s GDP by 2015, the study said.]]></description>
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            <title><![CDATA[CMDA nod for multi-level parking in all buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14087</link>
			<source>The Hindu</source>
			<pubDate>Thu, 10 May 2012 06:41:02 +0530</pubDate>
			<description><![CDATA[The Hindu- People forced to leave their vehicles on the road because of lack of parking space in commercial/residential buildings will soon be able to drive to higher floors and park safely. The Chennai Metropolitan Development Authority has recommended to the State government to permit multi-level parking in all buildings. The decision to relax rules regarding development of parking space was taken following a representation by the Confederation of Real Estate Developers&#039; Associations of India-Tamil Nadu.]]></description>
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            <title><![CDATA[Mumbai’s Lower Parel: One of the most coveted piece of real estate in the country’s financial capital hard to sell]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14086</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 10 May 2012 06:40:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- Behind the glass facade of the swanky new office buildings in Mumbai&#039;s Lower Parel area , the light is fading. Many of these buildings, touted as the most coveted piece of real estate in the country&#039;s financial capital, remain nearly half empty despite being ready for almost a year now. Office rentals have now fallen to almost one-third (down 36%) of what it was three years ago. What was available for Rs 275 per sq ft three years ago is now on offer for Rs 175 per sq ft. Yet, there are few takers and, despite plunging rentals, the area is still witnessing a building boom.]]></description>
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            <title><![CDATA[Office space has no takers, builders bank on housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14085</link>
			<source>The Times of India</source>
			<pubDate>Thu, 10 May 2012 06:39:35 +0530</pubDate>
			<description><![CDATA[The Times of India- South India houses close to half of the country&#039;s office space. But with office vacancy rate inching higher, real estate developers in the south are eyeing the residential space for sure returns. In Chennai alone, there is more than 30% office space vacancy in peripheral areas such as Old Mahabalipuram Road (beyond Perungudi) and GST Road (beyond Perungalathur). In suburban areas (Guindy, Perungudi, Taramani, Ambattur), the vacancy rate is more than 16%, while off-Central business district locations have a 9% office vacancy rate, according to real estate consulting firm Cushman &amp; Wakefield.]]></description>
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            <title><![CDATA[Competition Commission of India pulls up DLF for allotment cancellation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14084</link>
			<source>The Times of India</source>
			<pubDate>Thu, 10 May 2012 06:38:41 +0530</pubDate>
			<description><![CDATA[The Times of India- The Competition Commission of India (CCI) has pulled up real estate major DLF Ltd in a recent order for cancelling the allotment of an apartment of a member of DLF&#039;s Park Place RWA, stating that it was in &quot;direct contravention&quot; of its stay order of September 2010. The order was passed by the commission to prevent the opposite party from abusing its dominant position to the detriment of allottees during pendency of the proceedings. The CCI also severely admonished the builder for discriminatory behaviour towards members of the owners&#039; association and other allottees/owners.]]></description>
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            <title><![CDATA[Cognizant raises investment in real estate infra by $200 m]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14083</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 10 May 2012 06:38:04 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Cognizant Technology Solutions has increased its real estate infrastructure expansion in India by nearly $200 million. The US-based company, which has large offshore presence in India, has revised its investment plan to a total of $700 million in real estate from 2011 through 2015. This is to expand its campuses in India by an additional 10.5 million sq ft. This expanded programme includes expenditure on land acquisition, facilities construction and furnishings to build new company-owned IT development and delivery centres in regions primarily designated as Special Economic Zones in India.]]></description>
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            <title><![CDATA[Mahagun India launches Mezzaria in Sector 78, Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14082</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 May 2012 06:37:04 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Mahagun India, one of the leading developers in Delhi NCR, has launched a 10-acre luxury project, Ma&shy;hagun Mezzaria, in Sector 78, No&shy;ida. Designed by renowned ar&shy;chitect Hafeez Contractor, the project will be a certified green bu&shy;ilding conforming to the gold st&shy;andard and is due for co&shy;mp&shy;letion by 2016 end. The project will have nine high-rise towers with G + 31 floors. Most of the towers will have two units per floor. The units will be offered in the range of three BHK (2,350 and 2,850 sq ft), four BHK (3,200 and 4,150 sq ft) and five BHK (4,570 sq ft). The basic sale price is kept as Rs 5,175 per sq ft, which means that a 2,350 sq ft home will have basic sale price of around Rs 1.2 crore.]]></description>
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            <title><![CDATA[Casa Grande comes up with Futura near Sriperumbudur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14081</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 May 2012 06:36:20 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Casa Grande, a Chennai-based property development company established by a team of young professionals, has announced the launch of Futura that will offer a mix of elegant villas and row houses near Sriperumbudur, an automobile and telecommunication equipment man&shy;ufacturing hub. The Futura, which will come up over 12 acres that shares its compound with the Nokia SEZ offering a mix of 229 units — about 140 –150 semi-independent, 15 independent villas and 60 row houses.]]></description>
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            <title><![CDATA[Vasathi brings affordable houses Navya]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14080</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 May 2012 06:35:49 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Vasathi Housing has kicked off work for its second housing project in Hyderabad. A gated community residential project, Na&shy;vya, could meet the demand of af&shy;fordable segment. The company ai&shy;ms to offer affordability, without ha&shy;ving to compromise on the con&shy;st&shy;ruction quality and amenities. Navya will have 190 apartments, along with a supermarket, medical facilities like polyclinic and phar&shy;macy. The developer also proposes to develop a state-of-the-art jogging track and other fitness infrastruc&shy;ture such as gymnasium, indoor play area, yoga room, children’s play area and outdoor shuttle court in add&shy;ition to a library.]]></description>
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            <title><![CDATA[World so high]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14079</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 May 2012 06:35:14 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Can you imagine a housing complex with many high-rises having a narrow road leading to it? Similarly, a huge housing society with no fire stations anywhere in close proximity? To fix these vital issues, the government may be waking up a bit late now. It is trying to tighten the rules for multi-storied buildings, and hopes to introduce standard guidelines for real estate development across the country with regards to roads and fire stations. Better late than never! Obviously, it will add to the cost. A majority of developers and industry experts feel that the norms are unreasonable and might cripple growth of the sector further, at least, in some cities, which is already reeling under increasingly lower sales, higher input and labour costs.]]></description>
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            <title><![CDATA[High Court stays housing project near DU Metro station]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14078</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 10 May 2012 06:34:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi High Court on Tuesday stayed construction on a plot slated to have a 36-storey residential complex near the Vishwavidyalaya Metro station after admitting a petition by the Delhi University, which claimed that the high-rise structure will severely affect control norms and the aesthetics of the North Campus. “The parties shall maintain the status quo with respect to the said plot,” ordered Justice Hima Kohli after placing on record the objections raised by the university on the manner in which the Delhi Development Authority (DDA) allowed Delhi Metro’s request to change the land use of the plot from “public and semi-public facilities” to “residential”. The Metro had subsequently auctioned the two hectare-plot and leased it to a private builder for 90 years for developing it into housing society.]]></description>
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            <title><![CDATA[Aide held for extortion bid]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14077</link>
			<source>The Times of India</source>
			<pubDate>Wed, 09 May 2012 06:24:00 +0530</pubDate>
			<description><![CDATA[The Times of India- The city police have arrested one person for making threatening calls to a builder and demanding Rs 5 crore. While the main accused is still at large, the police have arrested Durgesh Nivrutti Jadhav (25), an aide of the extortionist. Police said the kingpin would soon be arrested. Commissioner of police Kulwant Kumar Sarangal said a city builder, Naresh Karda of Karda Construction, had been receiving extortion calls.]]></description>
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            <title><![CDATA[Residential sales remain moderate in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14076</link>
			<source>The Times of India</source>
			<pubDate>Wed, 09 May 2012 06:23:20 +0530</pubDate>
			<description><![CDATA[The Times of India- Office market in the city witnessed subdued transaction activity in March even as rents and capital values remained stable during the month, said a report released by Jones Lang LaSalle on Tuesday. Among the transactions were Pfizer which leased space at Jogeshwari in north Mumbai. Few buildings which became operational in March included Phoenix Market City at Kurla, I think Thane Phase 2 at Thane, Mindspace Building 5&amp;6 at Airoli and Godrej IT Park Wing C at Vikhroli. The report said occupancy levels were good in Godrej IT Park Wing C and Mindspace.]]></description>
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            <title><![CDATA[Mhada enters into JV with pvt developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14075</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 09 May 2012 06:22:42 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Seeing as how real estate prices have escalated way beyond the reach of the common man, and the state is resorting to redevelopment projects to meet the huge disparity between demand and supply, Maharashtra Housing and Area Development Authority (Mhada) has adopted a joint venture (JV) with private parties in an effort to create housing stock. The sole nodal agency of the state government in the housing sector, Mhada has now finalised the policy for the joint venture, according to which the minimum area of the housing project should be 2,000sqm.]]></description>
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            <title><![CDATA[LIC Housing Finance raises Rs 250 crore for real estate private equity fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14074</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 09 May 2012 06:22:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- LIC Housing Finance Ltd, the mortgage unit of India&#039;s biggest insurer, has achieved a first close of Rs 250 crore for its maiden real estate private equity fund. Launched late last year, the fund has a target size of Rs 500 crore, with a green shoe option of Rs 250 crore. This provision will allow LIC Housing Finance Asset Management Company, the manager of the fund, to sell more units than planned.]]></description>
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            <title><![CDATA[Shopping centre industry should wake up to opportunities in tier II cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14073</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 09 May 2012 06:21:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- The shopping centre industry should wake up to the opportunities in the tier II cities even as the million-plus cities continue to provide a sustained growth for the retail sector with marginal ups and downs, said Sudhir Krishna - Secy Ministry of Urban Development, GOI during his keynote address at the 5th India Shopping Centre Forum in Mumbai Krishna also called for convening retail fairs and melas by rotation. While the modern trade sector grew 28% annually in 2011 nationwide, sales in the modern retail stores in cities such as Jaipur, Indore and Surat grew at about 40%, 39% and 27%, respectively as per Nielsen estimates indicating that shoppers in such Tier-II cities are waking up to the advantages that the modern outlets bring in.]]></description>
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            <title><![CDATA[How Koramangala became a hot real estate destination in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14072</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 09 May 2012 06:10:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Once upon a time localites used to call Koramangala &#039;Sollemangala&#039; (Solle means mosquitoes in Kannada). The area spread over 1,800 acres in eight blocks, was once petrified by mosquito menace and mangroves. It was a village and was considered not a great place to live for a Bangalorean in the 80s and 90s. Today, it is one of the hottest real estate destinations in India&#039;s Silicon Valley. &quot;I would kill to get a place in Koramangala,&quot; said MR Jagannathan jokingly. The 60-year-old retired employee stays very close to Koramangala. &quot;It used to be in the outskirts of the city when I could afford it. Now, unfortunately I cannot buy a place there.&quot; This is just a glimpse of how much the landscape and aspiration for Koramangala has changed over the years.]]></description>
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            <title><![CDATA[New bench to decide DLF dispute over CCI&#039;s Rs 630 cr fine: Compat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14071</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 09 May 2012 06:09:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Competition Appellate Tribunal (Compat) has said a new bench will decide the DLF case wherein the realty major has challenged CCI&#039;s Rs 630 crore penalty on it and the final hearing has been adjourned to July 18. Compat Chairman Justice Arijit Pasayat, who is retiring on May 9, said during the proceedings that a new bench formed under the new Chairman, who is yet to be appointed, would take a decision on the case.]]></description>
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            <title><![CDATA[HDFC Q4 net up 16% at 1.3k cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14070</link>
			<source>The Times of India</source>
			<pubDate>Tue, 08 May 2012 05:54:54 +0530</pubDate>
			<description><![CDATA[The Times of India- Strong demand for home loans helped housing finance major HDFC report a 16% spurt in net profit to Rs 1,326 crore for the quarter ended March 2012 (Q4FY12), compared to Rs 1,142 crore in the year-ago. HDFC’s total income during Q4FY12 was Rs 4,485 crore, up from Rs 3,774 crore a year earlier, a jump of nearly 19%.]]></description>
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            <title><![CDATA[Architecture and urban design]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14069</link>
			<source>The Hindu</source>
			<pubDate>Tue, 08 May 2012 05:54:10 +0530</pubDate>
			<description><![CDATA[The Hindu- Architecture is the art and science of designing and constructing buildings. Architecture affects life at an individual level. A sensitively designed house is an important constituent of a good life and in fact is the good life itself. Architects have a dual responsibility- addressing the client who is the immediate concern as well as the society which reposes trust in us that we work in its best interest. The architectural scale of projects range from residential to office buildings, public buildings such as libraries, museums, temples and schools to name a few.]]></description>
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            <title><![CDATA[Bangalore to have 302-acre film city, with theme park,golf resort]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14068</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 08 May 2012 05:53:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Karnataka government today decided to invite expression of interest for developing a film city on 302 acres here with private participation. Briefing reporters after a cabinet meeting chaired by Chief Minister D V Sadananda Gowda, Law and Urban Development Minister S Suresh Kumar said the proposed venture on government land at Hesaragatta would also include a theme park and a golf resort.]]></description>
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            <title><![CDATA[Project delays, land buy hurdles slow PE investments in realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14067</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 08 May 2012 05:52:00 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Private equity (PE) funds are increasingly turning risk averse when it comes to the realty space. While it is still a big draw, the focus is now on completed residential projects, rather than those in the early stages.The reasons are many — for some, older investments have yet to see the expected appreciation. Meanwhile, project delays due to pending Government approvals and land acquisition hassles are also seen as big worries .]]></description>
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            <title><![CDATA[SMEs turn unviable, enter real estate ,The big gains to be made in the realty sector compared with manufacturing lure most of these small units]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14066</link>
			<source>Business Standard</source>
			<pubDate>Tue, 08 May 2012 05:50:15 +0530</pubDate>
			<description><![CDATA[Business Standard- The burgeoning cost of land in the past few years – and the big gains to be made in the realty sector compared with manufacturing – has lured many SMEs to test the waters in the real estate business. Some burnt their fingers but many have made a quick buck. In some areas, small manufacturers are also forming consortiums to invest in projects that they cannot access as individual investors.]]></description>
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            <title><![CDATA[International fellowship degrees for property pros]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14065</link>
			<source>Deccan Chronicle</source>
			<pubDate>Tue, 08 May 2012 05:48:32 +0530</pubDate>
			<description><![CDATA[Deccan Chronicle- Property professionals in the country can soon get international fellowship degrees! With a view to bringing in more professionalism into Indian real estate industry, London-based Royal Institution of Chartered Surveyors (RICS) will be offering its standardised courses to both construction professionals and students.
RICS, a professional body that regulates property professionals and surveyors, is in the process of tying up with top colleges and universities in the country to offer its courses.]]></description>
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            <title><![CDATA[1% TDS on realty deals withdrawn, industry rejoices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14064</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 08 May 2012 05:47:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Finance minister Pranab Mukherjee on Monday announced withdrawal of proposed 1 per cent TDS (tax deduction at source) on transfer of immovable property.
Earlier, the Finance Bill had proposed that every transferee of immovable property (other than agricultural land) at the time of making payment for transfer of the property, shall deduct tax at 1 per cent of the transaction value. The application of TDS was to be effective from October 1 this year.]]></description>
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            <title><![CDATA[MHADA lottery: 3,526 applications for 867 houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14063</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 08 May 2012 05:46:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- Within days of starting the online application process for its affordable houses, the Mumbai Board of the Maharashtra Housing and Area Development Authority (MHADA) has received four times as many applications as the number of houses available in Mumbai.The housing board started its annual lottery process on Thursday whereby prospective home buyers can apply through the MHADA website. Despite a major snag which rendered the website inaccessible most of the time initially, the Mumbai Board has so far already received 7,831 applications for its 867 houses across the city.]]></description>
			</item><item>
            <title><![CDATA[Sobha delivers good growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14062</link>
			<source>Business Standard</source>
			<pubDate>Tue, 08 May 2012 05:45:56 +0530</pubDate>
			<description><![CDATA[Business Standard- Sobha Developers, the Bangalore-based publicly-held realtor, has posted a good 1.3 times growth in its fourth quarter net profit to Rs 94 crore on a good uptake in sales boosting the turnover to Rs 524 crore, which was up by 64 per cent. The profit before tax stood at Rs 144 crore, up 172 per cent. During the last quarter of FY 2011-12, the Company sold 0.86 Million Square Feet of new space at a sales value of Rs 464 crore with an average price realisation of Rs 5,380 per Square Feet and launched 1.83 million square feet of new projects.]]></description>
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            <title><![CDATA[Realty players upbeat over removal of 1% TDS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14061</link>
			<source>Business Standard</source>
			<pubDate>Tue, 08 May 2012 05:44:59 +0530</pubDate>
			<description><![CDATA[Business Standard- Finance Minister Pranab Mukherjee’s move to withdraw one per cent tax deducted at source (TDS) on transfer of immovable property has brought relief to the real estate industry. The industry said the move would be helpful, as TDS on property transactions would have discouraged buyers due to price escalation.]]></description>
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            <title><![CDATA[SBI home loans cross Rs 1L cr mark]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14060</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 07 May 2012 05:55:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- The home loan portfolio of the State Bank of India has crossed a record Rs.one lakh crore mark covering 20 lakh familities. The information came to light during an all India conclave on personal banking business at Parwanoo near here in Himachal Pradesh which was inaugurated by A Krishnakumar, Managing Director and Group Executive (National Banking). The conclave was organized to brain storm on the strategies to be adopted to give a fillip to our personal banking business.]]></description>
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            <title><![CDATA[Black money: &#039;Real estate top violator&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14059</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 07 May 2012 05:54:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Economic intelligence agencies have informed the Finance Ministry that a major chunk of illegal funds and black money is being generated and routed in the real estate sector of the country.Special departments like the Central Economic Intelligence Bureau (CEIB), Income Tax (Intelligence) and the Directorate General of Excise Intelligence have alerted enforcement agencies like the Enforcement Directorate and I-T (Investigations) to conduct special operations and keep a tight vigil on the funds moving in this sector.]]></description>
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            <title><![CDATA[Tata Reality enters hospitality space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14058</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 07 May 2012 05:53:38 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Tata Reality and Infrastructure Ltd (Tril) is entering hospitality, senior living and retail space development. 
The subsidiary of Tata Sons, which will focus on retail space development, has floated a separate entity — Tril Hospitality Services — for developing hospitality and senior living projects. Mr C. Velan, Executive Director &amp; CEO, TRIL Infopark Ltd, said the company plans to develop senior living spaces in the periphery of Chennai, Bangalore and Hyderabad to start with. “It&#039;s more likely to be in Chennai, first,” he said. Though the company has not identified land, according to him, the first project may start before the end of the current financial year.]]></description>
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            <title><![CDATA[Mirah Hospitality set to open 9 more hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14057</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 07 May 2012 05:52:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mirah Hospitality, which owns and operates Citrus Hotels, plans to open nine properties in the next couple of years. The company, which has a mixed bag of business hotels (in cities) and leisure destinations, plans to continue the segmentation in the upcoming properties too. Of these, five would be business hotels, and the rest leisure properties.]]></description>
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            <title><![CDATA[Godrej Properties Q4 net slips 34% at Rs 40 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14056</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 07 May 2012 05:52:12 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Godrej Group’s real estate arm Godrej Properties (GPL) today posted a 33.65 per cent decline in net profit for the quarter ended March 31 at Rs 39.8 crore, compared with a net profit of Rs 59.99 crore in the corresponding period last fiscal. Total income grew 11.28 per cent at Rs 373.18 crore as against Rs 333.53 crore in the year-ago period.]]></description>
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            <title><![CDATA[Godrej Prop keen on redevelopment projects in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14055</link>
			<source>Business Standard</source>
			<pubDate>Mon, 07 May 2012 05:51:27 +0530</pubDate>
			<description><![CDATA[Business Standard- With redevelopment becoming the in thing in the real estate sector, realty player Godrej Properties (GPL) plans to expand its project portfolio in this segment, a top company official said. The city-based firm&#039;s subsidiary Godrej Projects Development (GPDPL) recently entered into an agreement with Kamla Landmarc Property Leasing and Finance to redevelop 18 residential buildings in Chembur, Mumbai. GPL also sold 49% stake in the project to ASK Property Investment Advisors.]]></description>
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            <title><![CDATA[Godrej Properties plans to treble launches in 2012-13]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14054</link>
			<source>Business Standard</source>
			<pubDate>Mon, 07 May 2012 05:50:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Godrej Properties, the realty development arm of the Godrej Group, had planned as many as 15 launches in 2012-13, including new phases in existing projects, said Pirojsha Godrej, managing director. It launched five projects in FY12.]]></description>
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            <title><![CDATA[Homes sales positive for NCR in Jan-March 2012 quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14053</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 07 May 2012 05:49:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- The national capital region has seen a positive outlook on home sales in the January-March quarter, says property advisory firm Knight Frank. The NCR did witnessed a dip in sales velocity in the October-December 2011 quarter but managed to gather momentum in the next quarter. In the third quarter, Greater Noida witnessed the largest dip in sales because of the Noida Extension issue but in the last few months, confidence seems to have been restored.]]></description>
			</item><item>
            <title><![CDATA[Adidas may shut 200 India stores in addition to the Reebok outlets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14052</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 07 May 2012 05:48:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- Adidas AG could shut down 200 Adidas stores in India over time, in addition to the Reebok outlets whose closure was announced last week, as it seeks to make local operations profitable. The option of shuttering the stores was discussed at a global market meet in Phoenix, US, in March, a few days before then India chief executive Subhinder Singh Prem was sacked under controversial circumstances. While the company has declared its intention to shut down a third of Reebok stores (around 265) in India, it has not announced any plans for Adidas outlets. The company has over 650 outlets in India.]]></description>
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            <title><![CDATA[Act in cold storage can break GPA impasse]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14051</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:40:53 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi government, implementing a Supreme Court order, has refused to accept general power of attorney (GPA) as a valid instrument for property transactions. However, a way out of the impasse could be the not-so-well-known Delhi Apartment Ownerships Act 1986, notified by Delhi Development Authority. Lack of publicity has meant that few know and use the Act. Notified way back in 1987, the Act allows sale of an apartment in any multi-storey building, irrespective of whether it’s a group housing society or a builder-promoted or DDA project.]]></description>
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            <title><![CDATA[‘Govt should have launched freehold drive’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14050</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:39:46 +0530</pubDate>
			<description><![CDATA[The Times of India- The home owners in Delhi, who bought their house on general power of attorney, are confused about the government’s decision to ban property transactions through GPA. According to MD of India Homes Samarjit Singh, the decision will affect at least one-third of Delhi’s legal properties in authorized colonies. According to the Delhi government order, a property can no longer be sold on the basis of a GPA or agreement to sell or will. A transaction will be valid only if it has been done through a proper registered sale agreement.]]></description>
			</item><item>
            <title><![CDATA[BLOOD-TIES DRIVE HOME REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14049</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:38:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Despite so many roadblocks for would-be homebuyers, family members invariably pitch in to help them buy their dream homes.     Notwithstanding the hue and cry in the realty world that it has been facing tough times recently owing to, among other factors, high costs of flats, ever-increasing home-loan interest rates, steep hike in the prices of cement and steel, all is not lost. Despite such a bleak overall scenario, realty players are launching new ambitious projects and serious buyers are buying a roof over their heads.]]></description>
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            <title><![CDATA[BHIWADI IS A SOUND ALTERNATIVE TO GURGAON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14048</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:37:04 +0530</pubDate>
			<description><![CDATA[The Times of India- Today, Bhiwadi, in Rajasthan&#039;s Alwar district, has developed into a modern city. A number of industrial centres have come up in around Bhiwadi-Neemrana, Dharuhera, Khushkhera, Chopanki, Bawal, etc. Bhiwadi is the fastest growing industrial town on the outskirts of Delhi. A prime industrial town of the NCR and Rajasthan, Bhiwadi comprises three industrial areas: Bhiwadi, Chopanki and Khushkhera. Spread over nearly 5,300 acres, there are around 2,500 industries operating in these three places.]]></description>
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            <title><![CDATA[OWNERSHIP TO BE FREE-HOLD IN NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14047</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:36:02 +0530</pubDate>
			<description><![CDATA[The Times of India- There is good news over property ownership. If the new ownership policy recently announced by the government of Uttar Pradesh is implemented, the properties at Noida, Greater Noida, and even Yamuna Expressway, will become free-hold. Currently, land is allotted on lease for 90 years in Noida-Greater Noida. The authorities have formulated different slabs for the annual lease and charge 10% for residential property and 27.5% for institutional, industrial and commercial establishments, of the total value of the property.]]></description>
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            <title><![CDATA[BAN ON GPA SALE WILL RAISE PROPERTY PRICES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14046</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 May 2012 06:34:43 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi government’s decision to ban sale of property through general power of attorney (GPA) will cause hardship to the property owners in Delhi, who bought the property on GPA, which lacked perfect documentation but is free from any disputes. Now, to complete a transfer of property, a seller has to execute a sale deed, which has to be duly registered in the office of registrar or sub-registrar. The decision will affect the availability of saleable property and, therefore, will lead to a sharp rise in the free-hold property prices in Delhi.]]></description>
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            <title><![CDATA[Real estate in Delhi-NCR is a bubble about to pop]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14045</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 05 May 2012 06:33:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Two days ago, property consultant Knight Frank  termed NCR (the National Capital Region of Delhi) as the largest residential market in India, with around 5 lakh houses under construction that are slated to be ready for possession by next year. But there is a dark side to the Delhi property market, and this will become apparent with the Delhi government passing an order this week that no further transfer of property should be allowed through general power of attorney (GPA), where the buyer gets a GPA from the seller not only for his own use of the property, but for further ‘sale’ to someone else if he so desires.]]></description>
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            <title><![CDATA[Seeing a substantial pick up in commercial leasing activity: Rajeev Talwar, DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14044</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 05 May 2012 06:32:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- When the fiscal FY12 started, the company guidance was for a total sale of 10 million sq ft but you have only achieved 6.8 million sq ft. in the first nine months. Are you confident of meeting your guidance? 
Rajeev Talwar : Every one of the analysts, and we respect their views, keep on reading figures and they need to note values, they need to note the time for approvals and, therefore, in this business and a company like ours which is almost going to deliver about 15,000 flats all over the country in various cities over the next 15 to 18 months that needs to be taken into account.]]></description>
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            <title><![CDATA[Assotech, SunApollo to build Rs500cr housing project in G&#039;gaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14043</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 May 2012 06:31:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate company Assotech and private equity firm Sun-Apollo today announced the development of a housing project in Gurgaon at an investment of about Rs 500 crore over the next three years. Sun-Apollo Real Estate Advisors has invested Rs 75 crore to pick up nearly 50 per cent stake in Assotech&#039;s subsidiary firm which would developed this project. Assotech has infused Rs 76 crore for nearly 51 per cent stake in the subsidiary.]]></description>
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            <title><![CDATA[Real Estate Regulatory Bill likely in next Parliament session]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14042</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 05 May 2012 06:30:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Real Estate Regulatory Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Ms Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.]]></description>
			</item><item>
            <title><![CDATA[&#039;Mumbai property prices spike 3.2%&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14041</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 May 2012 06:29:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- There is bad news for prospective home buyers who have been waiting for a price correction to take place to book their dream homes. A report released by Jones Lang LaSalle (JLL), a global leading real estate services firm, noted that residential rates in the city have once again begun to grow steadily after a prolonged phase of stagnation. The report said that property prices in Mumbai have gone up by 3.2 per cent in the last three months.]]></description>
			</item><item>
            <title><![CDATA[HOME LOANS GET CHEAPER]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14040</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 May 2012 06:48:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- The RBI&#039;s new credit policy which allows lowering of repo rate by 50 basis points is a welcome relief for the real estate sector.  The new policy will leave more money with banks to finance real estate projects and with the lowering of interest rate, the finance cost of real estate projects will come down. In addition, homebuyers will be benefited in EMIs while the loan capacity will also be enhanced for the new buyers.]]></description>
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            <title><![CDATA[GREATER NOIDA ON A FAST TRACK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14039</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 May 2012 06:47:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- The idea was to create a world-class city. It is an extension of Noida in territory with better infrastructure, and even more impressive residential, commercial and educational facilities. Today, Greater Noida is on a fast track to uninhibited progress. Greater Noida is home to a number of Indian and foreign MNCs. The developing area stands a class apart from other cities. The residential and commercial policies formulated and implemented by the Greater Noida Industrial Development Authority (GNIDA) have resulted in a great influx of people into the area and commercial activities have taken off in right earnest.]]></description>
			</item><item>
            <title><![CDATA[Now, she is a homeowner!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14038</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:46:53 +0530</pubDate>
			<description><![CDATA[The Times of India- One fifth of homebuyers today are single women. Investment in real estate is no longer an exclusive male province. Prodipta Sen of Alpha G: Corp says that around 30% of the property buyers in urban areas are now women, and over the coming years, this figure will only continue to increase as globalization continues. Sen says: &quot;A record numbers of single women are buying their own houses. Real estate provides better security, as property, unlike stocks, doesn&#039;t lose value overnight. We have been seeing more women going for property purchases in the last few years - owning a home is the single biggest tax break for most consumers and a single homeowner gets all the tax advantages that married couples, who own a home, receive collectively. Owning a home in a good market ensures appreciation.&quot; A senior woman executive of a real estate firm says that, today, a woman wants to buy a house even before a car. The reasons being: she wants to secure her future as she has the means to do it now owing to financial independence, greater access to information about projects and developers, and also the wisdom to form an opinion after doing all research. Also, a woman has far greater exposure to the value of real estate and it is an important purchase in her life.]]></description>
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            <title><![CDATA[Is 3rd floor just castle in air? SC must rule]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14037</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:45:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Five years ago, Delhi was given a new master plan. This had been drafted after a spate of sealing and demolition orders, many issued by the then Chief Justice of Supreme Court. Soon after the new MPD 2021 was notified in February 2007, Supreme Court began adjudicating on many of the new planning tools suggested by the new master plan. In a nutshell, the issues before the apex court were matters which are constantly being worked upon by urban planning professionals in almost all cities – issues of redevelopment and enhancing infrastructure to cope with changing cityscapes and needs of citizens.]]></description>
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            <title><![CDATA[Co-op flat owners frowning]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14036</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:43:52 +0530</pubDate>
			<description><![CDATA[The Times of India- GPA-based sale transactions have been the norm in Delhi for some time now. It was only in September 2001 that DDA made it mandatory for GPA to be a registered document for the property to be mutated. Conversion to freehold, or mutation, becomes a necessity for registering the property, and selling it off later on.]]></description>
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            <title><![CDATA[Ban Effective From Last Oct; Revenue Dept Says Sub-Registrar Offices Were To Execute It]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14035</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:42:55 +0530</pubDate>
			<description><![CDATA[The Times of India- A revenue department order has made all realty sales through transfer of general power of attorney (GPA) null and void with retrospective effect from October. Top revenue department officials steered clear of taking responsibility for the delay in implementing the Supreme Court order. They said that as this was a Supreme Court order, it should have been implemented at the sub-registrar offices since October. They admitted, however, that registrars have only stopped registering such sale deeds after the April 27 directive from the revenue secretary and divisional commissioner Vijay Dev.]]></description>
			</item><item>
            <title><![CDATA[LEARNING WITH Why is GPA registered?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14034</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:42:01 +0530</pubDate>
			<description><![CDATA[The Times of India- A power of attorney is an instrument that is used by people to confer authority on somebody else to legally act on their behalf. They can be of two types — special power of attorney (SPA) and general power of attorney (GPA). While an SPA is used for transfer of a specific right to the person on whom it is conferred, the GPA authorizes the holder to do whatever is necessary. For example, in property ‘sales’ using this instrument, the buyer gets a GPA from the seller not only for his own use of the property, but for further ‘sale’ to someone else if he so desires. Of course, a GPA holder can only ‘sell’ the property through another GPA.]]></description>
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            <title><![CDATA[ANTICIPATING DROP IN SALE ,Wary property dealers call for easy conversion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14033</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:41:05 +0530</pubDate>
			<description><![CDATA[The Times of India- The ban imposed by the Delhi government on general power of attorney as a mode of property transfer, following a Supreme Court order, is expected to impact the entire property market. Property dealers say that while the ban was required to regularize property transactions, in the absence of a simple and clear procedure for converting leasehold property or property held under GPA into freehold, transactions may fall sharply, at least for a while.]]></description>
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            <title><![CDATA[All power of attorney property deals banned .Transactions Since Oct 2011 Declared Void]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14032</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 May 2012 06:40:13 +0530</pubDate>
			<description><![CDATA[The Times of India- In an order that puts thousands of property transactions in Delhi under a cloud, the revenue department has made all realty sales through transfer of general power of attorney null and void with retrospective effect from October last year. The order, dated April 27, directs all 13 sub-registrar offices, DDA and NDMC to follow the Supreme Court’s order last October that no sale deed will be registered if it is through a GPA transfer. This means transactions carried out since October on GPA transfers will have to be registered afresh with complete documents.]]></description>
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            <title><![CDATA[IRB chairman Virendra Dattatray Mhaiskar investigated in murder case]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14031</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 May 2012 06:39:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- The chairman of Indian road building and real estate firm IRB Infrastructure Developers is being investigated by police in connection with the murder in 2010 of a man described as an anti-corruption activist. The news sent the company&#039;s shares down as much as 18 per cent. Chairman and Managing Director Virendra Dattatray Mhaiskar and 2 other company officials are being investigated by federal police in connection with the murder of Satish Shetty, an official of the Central Bureau of Investigation told Reuters.]]></description>
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            <title><![CDATA[Women entering the real estate consulting industry in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14030</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 May 2012 06:38:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- There are very few occasions when one sees women dealing matters of property and when it comes to being a woman property consultant, the thought comes as a surprise to many, as the sector is largely dominated by males. However, in the past five years, the flourishing real estate sector in the millennium city has seen more and more women actively entering the real estate consulting industry.]]></description>
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            <title><![CDATA[LICHF target at Rs. 306]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14029</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 May 2012 06:37:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- After three quarters of successive margin decline, LIC Housing Finance (LICHF) has finally started seeing margin improving as funding cost has started coming off. Q4FY12 saw a 17 bps q-o-q pick up in margins. Adjusting for the one-off buy out of LIC portfolio in Q4FY11, retail disbursements maintained their growth rate of 22% y-o-y, helping overall loan book growth of 23%. Retail loan book continued to grow well at 28% while the corporate segment shrunk 27% y-o-y, its share in the loan book now declining to just 5% vs 9%, a year ago. Repayment pressures have remained while fresh disbursals in this segment have remained very slow, mainly due to slowdown in Mumbai and Delhi. Asset quality remained robust with gross NPLs declining to 0.42%. For Q4FY12, LICHF saw marginal write back of provisions. Provision coverage has improved to 68%.]]></description>
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            <title><![CDATA[Regional body to oversee development of Tricity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14028</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 May 2012 06:36:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Regional Planning Board, comprising of officials of the UT Administration, Punjab and Haryana, will be constituted to hold discussions on issues pertaining to the development of Tricity. The decision was taken at a co-ordination committee meeting of the officials on Wednesday. The decision follows the directions of the Ministry of Home Affairs for the formation of the board. It had earlier been proposed that the the development of the Tricity should also be undertaken on lines of National Capital Region with the focus on projects in the periphery.]]></description>
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            <title><![CDATA[TN plugs loopholes in stamp duty laws]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14027</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 04 May 2012 06:35:39 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Tamil Nadu Government is tightening Stamp Duty and Registration laws to prevent evasion of taxes on property transactions. The Indian Stamp (Tamil Nadu Amendment) Act, 2012, introduced in the Assembly today, provides for levy of 1 per cent stamp duty on construction agreements relating to buildings on undivided share of land. The Registration Act will also be amended to provide for compulsory registration of such agreements.]]></description>
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            <title><![CDATA[I-T officials search 4 builders&#039; premises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14026</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 May 2012 06:34:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- Search operations were carried out by Income Tax (I-T) sleuths on as many as 24 premises belonging to four builders in the region. Their offices and residences were searched by the Income Tax sleuths. The search operations, which commenced early in the morning, were on till the filing of this report. The four builders whose premises have been searched are Janta Land Promoters Limited, Sushma Builders, Acme Builders and Jagat Singh &amp; Sons. Over 100 Income Tax sleuths conducted the search operations. Offices and residences in Sectors 16, 22, 28, 33, 37 and Phase I Industrial Area were searched.]]></description>
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            <title><![CDATA[Congman files PIL against builder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14025</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 May 2012 06:33:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- A social activist has filed a public interest litigation (PIL) in the Bombay HC claiming that the state government showed undue favours to a builder from the city, causing extensive loss to the public exchequer. The petitioner, Brahmanand Shinde, is a Congress member and also claims to be the chairperson of Namdar Sushilkumar Shinde Saheb Pratishthan. According to the plea, the state government showed undue favours to the developer’s firm Rare Townships Private Ltd. He claims that this was on account of the failure to forfeit Rs 36 crore after the firm had allegedly failed to obtain permission for FSI within the stipulated period of six months. The matter has been adjourned till June 18]]></description>
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            <title><![CDATA[Speed up approval process for housing projects: Chamber to CM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14024</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 May 2012 06:32:03 +0530</pubDate>
			<description><![CDATA[The Financial Express- Distressed by slowing property sales, the Maharashtra Chamber of Housing Industry (MCHI) has requested the state government to speed up approval process especially for affordable housing projects. With the realty market in a slump, developers are once again turning to affordable housing projects that have a greater demand against luxury projects. Luxury projects witness a good absorption rate only during a realty boom. Chamber representatives met Chief Minister Prithviraj Chavan and asked the state government to come up with a policy framework for the creation of affordable housing projects soon.]]></description>
			</item><item>
            <title><![CDATA[Real estate Bill delayed again]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14023</link>
			<source>Business Standard</source>
			<pubDate>Fri, 04 May 2012 06:31:07 +0530</pubDate>
			<description><![CDATA[Business Standard- The much-awaited regulatory Bill for the real estate sector is still a long way off. The draft Real Estate Regulation Bill will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed.
The Bill has been in the making for several years now, and was slated to be introduced during the Budget session. The housing ministry is now targeting the monsoon session of Parliament. The official said the final draft was ready.]]></description>
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            <title><![CDATA[DLF, Haryana Urban Development Authority to build 16-lane corridor to make life easier for Gurgaon commuters]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14022</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 03 May 2012 06:19:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- A 16-lane dedicated corridor in Gurgaon will link DLF&#039;s Gateway Tower in Cyber City to the Golf Course Road, offering some relief from crumbling infrastructure in Delhi&#039;s suburb. India&#039;s biggest real estate player DLF, which has a majority of its assets in Gurgaon, will build this 8.3 km-long road in a joint venture with the Haryana Urban Development Authority. The two are expected to spend Rs 400-600 crore on the project that will include eight underpasses and a long flyover enabling commuters to reach the Golf Course Road from the Gurgaon toll plaza within seven minutes. This stretch usually takes 30 minutes.]]></description>
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            <title><![CDATA[Course on real estate industry lures youths]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14021</link>
			<source>Indian Express</source>
			<pubDate>Thu, 03 May 2012 06:16:56 +0530</pubDate>
			<description><![CDATA[Indian Express- With the boom of real estate industry across the country, it seems the youths are not just concentrating on good communication skills and sound knowledge of geographical area to become a good realtor, but are now looking at courses on real estate industry to get the professional touch. An industry report filed by leading real estate intelligence firm, Jones Lang Lasalle, India, has debated if a career in real estate in the country is apt right now.]]></description>
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            <title><![CDATA[Vastoshodh Projects unveils affordable houses in Pune]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14020</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 May 2012 06:16:02 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Vastoshodh Projects, the Pune-based real estate firm, has launched ‘Vastushodh Gruhsandhi Yojana’, a special affordable housing project with an investment of Rs 225 crore targetting lower and middle income groups. The company is building 2,400 housing units at five locations on the outskirts of the city. The Urbangram housing project comprises three locations at Kondhawe Dhavade, Chakan and Pirangut areas and Anandgram project at two locations at Talegaon Dhamdhere (Ahmednagar Road) and Vakhari (Chauphula on Solapur Road).]]></description>
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            <title><![CDATA[Smart homes at Sobha Habitech in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14019</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 May 2012 06:15:07 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Bangalore will see a first-of-its kind gated residential comm&shy;unity that will be equipped with patented smart home automation technology. These homes aim to provide safer, more energy efficient and more convenient environment to live in. Sobha Developers have recently recently launched Sobha Habitech in Whitefield, the second largest IT hub of Bangalore. With Bangalore being home to techies, the builder has come out with a unique concept of assimilating technology with living style. These smart homes can sense residents’ mood and adjust the lighting, fans and AC as per their liking. These homes will also inform residents via their touch pad or smart phone about who is at the door and will also alert them in case of any gas leakage in the kitchen. The bathrooms will be lit up sensing humans’ arrival and the boom barrier at the apartment’s entrance will open automatically sensing the presence of your car. Also, the technologies used in the project would be of help to elderly folks and kids.]]></description>
			</item><item>
            <title><![CDATA[Despite more stock, Delhi sells its homes faster than Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14018</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 03 May 2012 06:07:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mumbai may be second to Delhi in unsold homes, but it will take longer to sell them. Real estate developers in the financial capital must wait over three years to clear 1.13 lakh units or 120 million sq ft as high prices deter potential buyers, shows a study released by Liases Foras, a real estate rating and research consultant. The study covers units in Mumbai Metropolitan Region (MMR) — including Mumbai city, Thane, Kalyan and Navi Mumbai — National Capital Region in Delhi, Pune, Hyderabad, Bangalore and Chennai.]]></description>
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            <title><![CDATA[Navin Housing launches Eden Park]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14017</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 May 2012 06:06:46 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Chennai-based Navin Hous&shy;ing &amp; Properties, a leading property developer for over two decades, has now announced the launch of its 100th project, located at the Eden Park on the upcoming Porur-Kundrathur Main Road, a western suburb. The project, coming up over one acre land, will offer 80 re&shy;sidential apartments comprising two BHK and three BHK units through a ground plus eight floors multi-storeyed building. While there are 32 two BHK apar&shy;tments coming in a size range of 1,052 sq ft-1,107 sq ft, there are 48 three BHK units in the sizes ranging from 1,364 sq ft-1,479 sq ft.]]></description>
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            <title><![CDATA[Rental housing projects stuck since Sept]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14016</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 03 May 2012 06:05:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- The State Level Expert Appraisal Committee (SEAC) has either rejected or put on hold all rental housing proposals placed before it for the mandatory green nod, citing the massive density arising out of the very nature of such mass housing projects. The panel has, in fact, not approved a single rental housing proposal since its first meeting in September 2011. According to town planning norms, the ideal density is 400 tenements per hectare. This means that a maximum of 400 families can live over an area of one hectare without bearing down on the infrastructure such as open spaces, roads or amenities such as transport, water supply and sewerage. Most projects before the SEAC exceed the ideal tenement density by as much as five to 15 times.]]></description>
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            <title><![CDATA[Hurdle race]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14015</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 May 2012 06:04:49 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The red tape has continued to remain the biggest hurdle for real estate companies. Property developers and industry officials across the country are taking up their concerns with their respective state governments seeking an easy process that facilitates statutory approvals and helps them execute projects without delay. Each project needs at least three dozen no objection certificates from various departments. The approvals are taken from respective municipal corporations for water, sewage, tree cutting (if any) and area of the project. For electricity connections, permissions are required from state electricity boards while for high-rise buildings approval from civil aviation is required. Among the tough ones are environment clearances — to check whether the project is on forest or agricultural land. The list just goes on.]]></description>
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            <title><![CDATA[Real estate investment options]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14014</link>
			<source>Business Standard</source>
			<pubDate>Thu, 03 May 2012 06:03:51 +0530</pubDate>
			<description><![CDATA[Business Standard- With the Securities and Exchange Board of India’s (Sebi) new dictat on the minimum investment limit in private equity (PE) funds at Rs 1 crore, many smaller investors would have to look at alternatives. Many had begun using this route to invest in real estate. Those in the sector feel Sebi’s guidelines are restrictive. Amit Goenka, national director, capital transactions, at Knight Frank India, says raising capital from local investors is going to be difficult. “At present, most domestic investors have individually invested close to Rs 50 lakh or less. Now, raising more will be challenging and it will affect the PE funds, too,” he said.]]></description>
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            <title><![CDATA[DLF plans rival chain to Shoppers Stop, Lifestyle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14013</link>
			<source>The Times of India</source>
			<pubDate>Wed, 02 May 2012 06:07:22 +0530</pubDate>
			<description><![CDATA[The Times of India- DLF Ltd is entering the multi-brand department store retail format where it will compete with K Raheja Corp-owned Shoppers Stop and Landmark group’s Lifestyle chains. DLF Brands, a unit of the New Delhi-based real estate developer, will launch its first multi-brand store called Aveneu in the capital next month, said a senior executive from the company. The Aveneu brand will stock private as well as third party brands, and straddle the department store market with luxury, accessories and value formats to be launched subsequently.]]></description>
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            <title><![CDATA[Mumbai developers call of flash strike]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14012</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 02 May 2012 06:06:05 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Instead of taking state government by the horns regarding its slow approval procedure, the city developers have decided to resolve the issue amicably by calling off a scheduled flash strike on May 3 to protest against the government’s slow approval procedure. According to a senior government officials, Chief Minister Prithviraj Chavan has scheduled a meeting with over 150 developers at Sahyadri Guest house on Tuesday.]]></description>
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            <title><![CDATA[Tata Housing gets five Asia Pacific Property Awards]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14011</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 02 May 2012 06:05:23 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Tata Housing Development Company Ltd has won five awards under various categories at Asia Pacific Property Awards 2012, part of the International Property Awards, London. The company has won the multiple awards for the fourth year in a row at the Asia Pacific level, Mr Brotin Banerjee, managing director and CEO, Tata Housing, said in a statement.]]></description>
			</item><item>
            <title><![CDATA[Middle income group cuts spending by 65%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14010</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 02 May 2012 06:04:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Due to high food inflation, middle and lower income group are forced to slash 65% of spending on entertainment, shopping, vacations, electronics, automobiles, real estate and eating out to manage their monthly household budgets, according to the survey by apex chamber ASSOCHAM. Middle Income Group (MIG) has curtailed its spendings on such heads by nearly 65% during the last 6 months due to rise in inflation, interest rates and fuel costs. With food and education of children are eating up most of their incomes, the saving is likely to come down heavily.]]></description>
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            <title><![CDATA[Dutch PF manager APG invests Rs 650 crore in Lemon Tree Hotels; forms JV to build 35 hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14009</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 02 May 2012 06:02:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- Dutch pension fund manager APG will invest a total of Rs 650 crore to take a 6% stake in Lemon Tree Hotels and form a JV with the Delhi-based mid-market hotels group to build 35 hotels in the country in four years. APG, which manages the Netherland&#039;s largest and the world&#039;s third largest pension fund Stichting Pensioenfonds ABP, will hold 47% shareholding in the joint venture-Fleur Hotels Pvt Ltd-while Lemon Tree will hold the balance 53%.]]></description>
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            <title><![CDATA[DLF unlikely to renew IPL sponsorship deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14008</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 02 May 2012 06:01:54 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- DLF, the brand that has been synonymous with the Indian Premier League (IPL), may pull out of the Twenty20 competition. The buzz in the market and IPL circles is that the Delhi-based real estate firm, which has been associated with the league since its inception in 2008, will not renew its contract for the title sponsorship. DLF’s five-year contract ends with the current edition of the championship. Not just DLF, the continued association of other sponsos like Hero Moto Corp, Citi, Volkswagen, Vodafone, Karbonn Mobile and Royal Challenge is also in doubt.]]></description>
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            <title><![CDATA[Real Estate biz becomes prosperous in guise of SEZ, says House panel]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14007</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 02 May 2012 05:56:55 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Parliamentary panel has castigated the government for not establishing industries in almost half the SEZs set up since 2006 and giving the land to realtors, diverting fertile land of farmers. The Parliamentary Standing Committee on Commerce said that though land was acquired for special economic zones &quot;but no industries have come up there; only 154 SEZs have become operational out of 389 notified&quot;.]]></description>
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            <title><![CDATA[DLF to end partnership with Salvatore Ferragamo to exit luxury brands business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14006</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 02 May 2012 05:55:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Less than a fortnight after ending its joint venture with Giorgio Armani, DLF said it is in the process of breaking its partnership with another Italian luxury brand Salvatore Ferragamo as part of a move to exit luxury brands business. &quot;Luxury is a futuristic business in India at the moment and does not have scale,&quot; DLF Brands Chief Executive Officer Dipak Agarwal says.]]></description>
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            <title><![CDATA[DLF may put off NTC Mills land sale till FY14, says Veritas ,Mumbai land sale part of non-core divestment this year, counters DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14005</link>
			<source>Business Standard</source>
			<pubDate>Wed, 02 May 2012 05:54:53 +0530</pubDate>
			<description><![CDATA[Business Standard- At a time when the market is abuzz with speculation over DLF’s Mumbai land sale, Toronto-based research firm, Veritas Investment Research, has come out with a contrarian view, claiming the developer may not sell it before 2014, looking at &quot;personal gains&quot;. In its report, shared with Business Standard, Veritas has said it does not believe the NTC Mill land in Mumbai is up for sale at present, as the DLF management wanted to hold on to it till 2013-14, when its ownership share in the properties would increase. In March, Veritas had released a synopsis of its report on DLF to the media.]]></description>
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            <title><![CDATA[India Inc may see attrition rates as high as 31%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14004</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 02 May 2012 05:53:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- India Inc is likely to see attrition rates as high as 31 per cent during the three months ending June, as employees unsatisfied with annual salary hikes would look out for better prospects, say experts. According to human resource experts, the average attrition rate is projected to grow at 31 per cent in Indian firms in the April-June quarter, a rise of 9-10 per cent from the preceding quarter (January-March).]]></description>
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            <title><![CDATA[Labour flats Day: Low-cost will be made available for labourers, says Dikshit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14003</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 02 May 2012 05:53:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- Describing labourers as &quot;catalyst of growth&quot;, Delhi Chief Minister Sheila Dikshit today promised better facilities including low-cost flats for them in the city. &quot;The government intends to make available houses for the labourers so that their housing needs can be addressed,&quot; Dikshit said at a function organised on the eve of International Labour Day. Dikshit also presented awards to 39 labourers in recognition of their dedication and hard work.]]></description>
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            <title><![CDATA[UB Holdings in talks with Blackstone, KKR to sell office space - paper]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14002</link>
			<source>Reuters</source>
			<pubDate>Wed, 02 May 2012 05:52:02 +0530</pubDate>
			<description><![CDATA[Reuters- UB Holdings is in talks with private equity funds Blackstone and Kohlberg Kravis Roberts to sell some of its commercial real estate for 6.5 billion rupees, the Times of India newspaper reported on Tuesday citing unnamed banking sources. UB Holdings, controlled by flamboyant liquor baron Vijay Mallya, is part of the UB Group that owns majority of United Spirits and United Breweries , apart from debt-laden carrier Kingfisher Airlines , which is desperately looking for funds to continue operations. The UB Tower in Bangalore, which Mallya is looking to sell, is occupied by companies like Apple , Citibank , and Yahoo , the report said.]]></description>
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            <title><![CDATA[Greens see red over move to change land use in draft DP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14001</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 02 May 2012 05:51:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Upset over the state government notification on substantial modifications in the development plan of 23 merged villages, the Green Pune Movement has alleged that the state government move is illegal and favours developers. “The state government notification on substantial modifications in the draft DP, which proposes that land for public purpose be changed to residential use is illegal. This is in the interest of developers,” said Lt Col (Retd) S C N Jathar. He added that citizens should oppose the state government move.]]></description>
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            <title><![CDATA[India and sustainable real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=14000</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 01 May 2012 06:31:10 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The real sector has emerged as one India&#039;s largest drivers of economic growth. As a sector, it provides large scale employment and contributes significantly to the GDP. For decades, environmentalists have been warning that frenetic human economic activity associated with the breakneck speed of economic growth is placing a huge strain on the earth and its natural resources. Of course, we keep pushing those limits back with clever new technologies; yet eco-systems are undeniably in decline. Since real estate is emphatically driving this growth, it is also directly impacting the environment. Sustainable development is all about minimizing this impact and ensuring we keep the planet green and alive.]]></description>
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            <title><![CDATA[Home loan growth falls, bank credit growth at 17%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13999</link>
			<source>Indian Express</source>
			<pubDate>Tue, 01 May 2012 06:30:22 +0530</pubDate>
			<description><![CDATA[Indian Express- With interest rates remaining high and real estate prices rising further, the growth in housing loans declined to 12.1 per cent in fiscal 2011-12 from 15 per cent in the previous year. The growth rate in non-food bank credit was also down at 17 per cent during the year as compared with 20.6 per cent in the previous year, the Reserve Bank of India said. According to the RBI, total outstanding home loans amounted to Rs 388,020 crore in 2011-12 as against Rs 346,110 crore in 2010-11 and Rs 300,930 crore in 2009-10. Credit to the commercial real estate sector increased by 7.8 per cent during 2011-12, down from 21.4 per cent in the previous year.]]></description>
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            <title><![CDATA[MPs won&#039;t get Commonwealth Games flats: Kamal Nath]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13998</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:29:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Government today poured cold water on wishes of MPs to occupy the Commonwealth Games flats in Delhi, saying nothing of the sort will be done. Urban Development Minister Kamal Nath said in Lok Sabha that 100 CWG flats are going to be auctioned soon. Altogether 1,168 flats were constructed for the 2010 Games out of which DDA owns 711 flats.]]></description>
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            <title><![CDATA[World Trade Centre becomes highest NY tower]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13997</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:28:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- The World Trade Centre tower built to replace the destroyed Twin Towers was set to become New York&#039;s tallest skyscraper today, surpassing the venerable Empire State Building. Workers were expected to slot steel columns at about 2230 IST into the unfinished skyscraper&#039;s skeletal top, bringing the total height to just beyond the 381 metres of the Empire State Building&#039;s observation deck.]]></description>
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            <title><![CDATA[HUDA&#039;s Pinjore-Kalka land acquisition deserves to be quashed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13996</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:27:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court has held that the land acquisition by Haryana Urban Development Authority&#039;s (HUDA) for Pinjore-Kalka Urban Complex project was &quot;prima facie&quot; illegal as it benefited private builders under the guise of public purpose and directed halt of all work. It appeared that &quot;private companies and builders were benefited &quot;in the guise of acquiring land for public purpose&quot;, a bench of justices G S Singhvi and S J Mukhopadhaya observed directing the Haryana government to stop all construction work on the project till further orders.]]></description>
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            <title><![CDATA[Master Plan not ready, planning buried under structures]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13995</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:27:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Two years after the first meeting of the Master Plan Committee, the completion of the plan is still awaited even as the construction activity, especially in the peripheral areas, continues unabated. Due to the Master Plan not having been finalised, decisions and proposals are hanging fire. The preparation of the Master Plan was started following directions by the Punjab and Haryana High Court. The expert committee was constituted under the chairpersonship of UT chief architect Sumit Kaur to prepare a vision for 2031. After the first meeting held in December 2009, a total of 65 meetings have been held.]]></description>
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            <title><![CDATA[500 luxury apartments to come up in Mehrauli]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13994</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:26:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- As many as 500 luxury houses are set to come up near Mehrauli in South Delhi, with the Urban Development ministry having sanctioned a major residential-cum-commercial complex here. The National Buildings Construction Corporation (NBCC), a Central government undertaking, will construct the flats on a plot spread over nearly 42 acres near Ghitorni. “The flats will be spacious, and will come in different categories, with as many as four bedrooms. They will have all modern facilities and will be priced upwards of Rs 4 crore,” an official said.]]></description>
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            <title><![CDATA[1,500 MMRDA flats almost ready but no decision on allocation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13993</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 May 2012 06:25:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Even as the first set of 1,500 houses for the Mumbai Metropolitan Region Development Authority’s (MMRDA) ambitious rental housing project is set to be ready in the next two months after a long delay, the development authority is still clueless about how to allocate these units. The MMRDA still lacks clarity on whether to let these houses out on a rental basis as planned or to sell most as affordable housing units and hand over the rest to various government departments and urban local bodies. If houses are to be sold at affordable rates instead of being rented out, there is no clarity on whether the MMRDA should resort to a lottery system or sell them in the open market.]]></description>
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            <title><![CDATA[A second house can reduce your tax burden]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13992</link>
			<source>The Times of India</source>
			<pubDate>Mon, 30 Apr 2012 06:39:16 +0530</pubDate>
			<description><![CDATA[The Times of India- In case of a home loan taken for a selfoccupied property, the principal amount repaid up to 1 lakh qualifies for deduction under Section 80C, while up to 1.5 lakh of interest paid is tax-deductible under Section 24. However, in case of a home loan for the second property, only interest payment is eligible for deduction. But the good part is that there is no limit on the deduction for interest payment on the second loan (see Benefit of buying a second house). This is because the second house has been given out on rent, explains Adhil Shetty, chief operating officer of Bankbazaar.com.]]></description>
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            <title><![CDATA[Steve Waugh in talks with realty developers to set up sports infrastructure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13991</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 30 Apr 2012 06:38:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Former Australian cricket captain Steve Waugh&#039;s venture Sporting Edge Communities is close to tying up with two developers in Pune and Coimbatore to set up integrated sports infrastructure in upcoming residential townships. 
&quot;We are in advanced negotiations with developers in I ndia. We want to give sporting opportunities to Indian kids,&quot; said Waugh, who has evolved the Sporting Edge model exclusively for the Indian market. He declined to share the names of the developers. Waugh plans to bring in sports icons such as the swimming legend Ian Thorpe and Australian footballer Lucas Neill to set up facilities for aquatic sports and soccer training, along with cricket academies by Cricket New South Wales, to large townships.]]></description>
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            <title><![CDATA[More than just space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13990</link>
			<source>The Hindu</source>
			<pubDate>Mon, 30 Apr 2012 06:37:49 +0530</pubDate>
			<description><![CDATA[The Hindu- In an indication of slowing down of economic growth and activity, the latest Cushman and Wakefield report has pointed to a constant slide in absorption of office space in the top cities of the country with Mumbai, Kolkata and Ahmedabad being exceptions. The National Capital region (NCR) saw the lowest absorption rate nationwide. The real estate consultancy firm, Cushman and Wakefield said together, Mumbai, Kolkata and Ahmedabad, witnessed 35 per cent, 33.7 per cent and 5.6 per cent absorption levels. There was a rise by 140 per cent in pre-commitments compared to the previous quarter and by 41 per cent compared to the same quarter last year. Bengaluru recorded the highest pre-commitments of 2.9 million square feet (msf) followed by Delhi-NCR (0.45 msf) and Chennai (0.1 msf).]]></description>
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            <title><![CDATA[New players seek to ginger up budget hotel market ,Tatas&#039; Ginger Hotels struggles to keep rates low as land costs escalate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13989</link>
			<source>Business Standard</source>
			<pubDate>Mon, 30 Apr 2012 06:36:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Ginger Hotels, the budget hotel brand of the Tata group, has had a solo run since its launch in 2004 — unchallenged by any international or domestic organised sector player. Having started with an economical Rs 999 per room, Ginger, into its eighth year, currently charges Rs 1,500-2,000 per room. Spiralling land cost and inflation have forced Roots Corporation, a subsidiary of Indian Hotels Company (IHCL) that owns Ginger properties, to increase room rates.]]></description>
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            <title><![CDATA[Realtors wary of commercial space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13988</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 30 Apr 2012 06:34:38 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Since 2008, most real-estate developers in the listed space have scaled down their exposure to the commercial property segment. Instead, they have turned their attention to residential development sale of plots too. Even if they did venture into commercial projects, quite a few preferred to sell the property than hold them as assets and lease them. In the last one year, for instance, DLF&#039;s rental business hardly added any fresh-leased assets and, in fact, scaled it down a bit.]]></description>
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            <title><![CDATA[Hypercity to turn cash positive in FY15: Experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13987</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Apr 2012 06:33:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hypercity Retail India, the hypermarket arm of Shoppers Stop, which had earlier hoped to break even in FY 2012-13, may start making profits only from FY2014-15. The large-format retailer, which started operations in May 2006, has taken longer than average hypermarkets to turn cash-positive. While its huge store sizes and high share of food, grocery and perishable products in its merchandise mix have affected store-level functionality and squeezed operating margins, its slower roll out of stores has prevented it from building scale in the business. “Most hypermarkets in the West break even within 3-5 years of commencing operations; they have good resources, strong supply chains and a different retail format.” says Arvind Singhal, chairman, Technopak Advisors, a retail consultancy.]]></description>
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            <title><![CDATA[HCC&#039;s Swiss subsidiary Steiner to make India foray]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13986</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 30 Apr 2012 06:33:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- Hindustan Construction Company&#039;s (HCC) Swiss subsidiary Steiner AG is likely to make a foray into the Indian market this year. &quot;Steiner has established itself as the largest building construction company in Switzerland. Now Steiner will also migrate to India during the fiscal,&quot; HCC Chairman and Managing Director Ajit Gulabchand said. In May 2010, HCC made its first international acquisition by taking a controlling stake (66 per cent equity stake) in Switzerland-based building construction company Karl Steiner AG (KSAG).]]></description>
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            <title><![CDATA[Avalon Group to invest Rs 400 cr on four housing projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13985</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 30 Apr 2012 06:32:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty company Avalon Group will invest about Rs 400 crore over the next three years to develop four housing projects in North India. The Gurgaon-based company is coming up with these four projects, comprising nearly 3,000 apartments, at Bhiwadi, Dharuhera and Vrindavan. &quot;We have launched a housing project at Dharuhera having 800 units. We have also roped in Karishma Kapoor as our brand ambassador,&quot; Avalon Director Ajay Singal said.]]></description>
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            <title><![CDATA[SC spikes land caretaker&#039;s &#039;rights&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13984</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Apr 2012 06:32:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court has ruled that long term possession of land by caretakers or agents does not give them the right of ownership of the property. &quot;Watchman, caretaker or a servant employed to look after the property can never acquire interest in the property irrespective of his long possession. The watchman, caretaker or a servant is under an obligation to hand over the possession forthwith on demand,&quot; a bench of Justices Dalveer Bhandari and Dipak Misra said. The bench dismissed the plea of a watchman claiming ownership of a plot on the basis that his family was taking care of property for two generations.]]></description>
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            <title><![CDATA[50 Indian companies participate in realty conference in Sri Lanka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13983</link>
			<source>The Hindu</source>
			<pubDate>Mon, 30 Apr 2012 06:31:07 +0530</pubDate>
			<description><![CDATA[The Hindu- India-Sri Lanka bilateral trade has increased by over 65% last year, close to U.S. $5 billion, Indian High Commissioner to Sri Lanka Ashok K. Kantha, has said. According to Mr. Kantha, Indian companies had invested about U.S. $150 million in Sri Lanka last year. He said both countries are witnessing a boom in real estate segment and construction industry, which provides opportunities for enhanced cooperation. Construction sector in both countries is likely to grow faster than broader economy over the next five years, he said, and outlined the opportunities for Indian companies in Sri Lanka and for Sri Lankan companies in India.]]></description>
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            <title><![CDATA[Consumer forum asks builder to pay Rs 9.27 lakh to couple]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13982</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Apr 2012 06:30:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Delhi consumer forum has ordered a realtor to pay Rs 9.27 lakh to a couple, saying it cheated them by taking the booking amount for a flat but did not even begin the construction despite considerable lapse of time. The New Delhi District Consumer Disputes Redressal Forum, headed by C K Chaturvedi, held AJS Builders guilty of cheating the couple and rendering deficient service to them.]]></description>
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            <title><![CDATA[No hard landing in the home market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13981</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Apr 2012 06:29:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- The residential property market in India, particularly in the Tier I cities, has remained sluggish for the past 12 months, with significantly lower sale volumes when compared to the high absorption rates of 2010. Home loan interest rates now seem to be at their cyclical highs (but should soon decline) and unforeseen tax levies have come at a time when the industry is facing its moment of reckoning. In these uncertain times, the question arises whether strategic decision-making for residential property developers to improve sales should follow the ‘root method’ — a comprehensive evaluation of options, or the ‘branch approach’ — a process of muddling through. In a multiple stakeholder environment with several large uncertainty input parameters, the branch approach seems to be the instrument of choice.]]></description>
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            <title><![CDATA[Realty firms spread wings ,Venturing into films, music &amp; food biz, cite reasons from personal interest to future market opportunity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13980</link>
			<source>Business Standard</source>
			<pubDate>Mon, 30 Apr 2012 06:28:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate companies are looking beyond brick and mortar. Signalling a new phase of diversification, developers are venturing into film production, Bollywood music, TV documentaries and even the food business. Gandhi to Hitler, a movie released last year, was an Amrapali Group production. Although the film, starring Neha Dhupia and Raghubir Yadav, was not quite a box office success, real estate company Amrapali is producing another movie, I don’t love you, this year. “Movies are a medium through which we can reach common people, which is otherwise difficult for a real estate player”, said Anil Kumar Sharma, chairman of the Group.]]></description>
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            <title><![CDATA[Can three work better than one?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13979</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Apr 2012 06:27:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Fifty years ago, the Municipal Corporation Act of 1957 was enacted and thus came into being the Municipal Corporation of Delhi (MCD), after amalgamating 10 local bodies already in existence then. Consolidating a fragmented local government structure, the MCD was established, and today, it is once again being fragmented, in the name of good urban governance. Delhi is perhaps the only one city, with a unique distinction of having three separate municipal corporations to govern it. What are the implications? One of the arguments that is frequently put forward is that when an organisation becomes too big to handle, it needs to be restructured.]]></description>
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            <title><![CDATA[RAISE OF 16% ,City ranks second in per capita income list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13978</link>
			<source>The Times of India</source>
			<pubDate>Sat, 28 Apr 2012 06:37:37 +0530</pubDate>
			<description><![CDATA[The Times of India- It was a difficult year for the global economy but Delhiites managed to give themselves a 16% raise in 2011-12, figures released by the government on Friday reveal. With a per capita annual income of Rs 1,75,812, the capital again finished second behind Goa, which had a per capita annual income of Rs 1,92,652. However, it was the richest among the major states and union territories with crore-plus populations (Goa’s population is only 14.6 lakh). Haryana, with Rs 1,09,227 per capita finished third, while the country overall touched the Rs 60,972 per person income level. In 2010-11, Delhi’s per capita income at current prices was Rs 1,50,653.]]></description>
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            <title><![CDATA[GURGAON TOPS DEMAND CHART]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13977</link>
			<source>The Times of India</source>
			<pubDate>Sat, 28 Apr 2012 06:36:38 +0530</pubDate>
			<description><![CDATA[The Times of India- Looking at the cumulative real estate demand, the NCR will have a requirement of 10.2 lakh housing units (commercial capital Mumbai requires 16.4 lakh), 249 lakh sq ft office space and 6.6 lakh sq ft retail by 2013. In the NCR, Gurgaon leads the pack in the demand in residential, office, retail, and hospitality sectors. Forthcoming world-class projects, proximity and well connectivity to Delhi are a few factors driving these figures.]]></description>
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            <title><![CDATA[GREATER NOIDA ON A FAST TRACK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13976</link>
			<source>The Times of India</source>
			<pubDate>Sat, 28 Apr 2012 06:35:50 +0530</pubDate>
			<description><![CDATA[The Times of India- The idea was to create a world-class city. It is an extension of Noida in territory with better infrastructure, and even more impressive residential, commercial and educational facilities. Today, Greater Noida is on a fast track to uninhibited progress. Greater Noida is home to a number of Indian and foreign MNCs. The developing area stands a class apart from other cities. The residential and commercial policies formulated and implemented by the Greater Noida Industrial Development Authority (GNIDA) have resulted in a great influx of people into the area and commercial activities have taken off in right earnest.]]></description>
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            <title><![CDATA[TOWNSHIPS AND CONSORTIUMS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13975</link>
			<source>The Times of India</source>
			<pubDate>Sat, 28 Apr 2012 06:35:02 +0530</pubDate>
			<description><![CDATA[The Times of India- There is a vigorous activity in the development of townships — on upwards of 100 acres of land — in the national capital region (NCR) of Delhi. Townships provide better facilities than standalone projects (typically on less than 25 acres of land) and they are, predictably, preferred by end users. Taking a cue from Crossings Republik, a township project where seven developers joined hands to develop around 350 acres, a number of developers in Noida have come together to develop townships with world-class physical and social infrastructure.]]></description>
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            <title><![CDATA[HCC Reports Net Loss of 54 Crore , Increased finance costs, lower sales, higher debt-equity ratio bring nos down]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13974</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 28 Apr 2012 06:34:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- Leading infrastructure firm Hindustan Construction Company (HCC) on Friday reported a standalone net loss of . 54.17 crore for the quarter ended March 31, 2012, largely due to increased finance costs and lower net sales. The company, which has sought its debt restructuring last month, had reported a standalone net profit of . 22.61 crore during the corresponding quarter of FY11.]]></description>
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            <title><![CDATA[Norms of ECB and FDI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13973</link>
			<source>press information bureau</source>
			<pubDate>Sat, 28 Apr 2012 06:33:23 +0530</pubDate>
			<description><![CDATA[press information bureau- FDI is not permitted in Real Estate Business.  However, as per paragraph 6.2.11 of ‘Circular 1 of 2012 – Consolidated FDI Policy’ of the Department of Industrial Policy &amp; Promotion (DIPP), FDI upto 100 per cent is permitted under the automatic route for Townships, housing, built-up infrastructure and construction development projects (which would include, but not be restricted to, housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure), subject to certain conditions.]]></description>
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            <title><![CDATA[Mumbai: 2 years later, 5 lakh homes only on paper]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13972</link>
			<source>IBNLive</source>
			<pubDate>Sat, 28 Apr 2012 06:32:45 +0530</pubDate>
			<description><![CDATA[IBNLive- Tomorrow, it will be exactly two years since Maharashtra Chamber of Housing Industry (MCHI) and the state government inked a Memorandum of Understanding (MoU). The intent was to develop five lakh affordable homes in Mumbai and the Mumbai Metropolitan Region (MMR). However, in a recent statement, MCHI has claimed that nothing has been accomplished in the last 24 months. According to the builders’ body, the proposal to create five lakh houses as part of the Homes for All initiative between the real estate industry and the Maharashtra government is gathering dust in Mantralaya.]]></description>
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            <title><![CDATA[SC seeks response from UP on acquisition of land in GNOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13971</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 28 Apr 2012 06:31:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court today sought the Uttar Pradesh government&#039;s reply to a Greater Noida village farmers&#039; plea, challenging acquisition of their land for developing Noida Extension adjoining the national Capital. A bench of justices R M Lodha and H L Gokhale issued notices to the state government and Greater Noida Authority on a petition filed by Bisrakh village farmers challenging the Allahabad High Court decision refusing to quash the acquisition of their village land, acquired by using urgency clause for it.]]></description>
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            <title><![CDATA[Mahindras to build affordable houses in Maharashtra, Rival Tata Housing welcomes the entry of credible players in the segment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13970</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Apr 2012 06:30:55 +0530</pubDate>
			<description><![CDATA[Business Standard- The Rs 80,000-crore Mahindra Group is to foray into affordable housing this year to tap demand for such homes. Currently, Mahindra Lifespaces, its property development arm and known for its World City projects in Chennai and Jaipur, is finalising land parcels in Maharashtra and Tamil Nadu. “We have got a go-ahead from the management and appointed architects. We are in the process of getting the land within the company by next month,” said Anita Arjundas, managing director and chief executive officer.]]></description>
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            <title><![CDATA[Where to invest in commercial real estate in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13969</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 28 Apr 2012 06:30:11 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Over the last few years, the number of HNI investors and corporates who are seriously looking at investing into Indian office space has increased manifold. Mumbai continues to hold its own as India&#039;s numero uno office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital. As South Asia&#039;s only true financial hub, Mumbai is among India&#039;s best places to invest in commercial real estate. In times of global economic uncertainty, investors flock to markets that have consistently proved their long-term stability and fundamentals.]]></description>
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            <title><![CDATA[Green building with helipad: Plan for new police HQ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13968</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 28 Apr 2012 06:29:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi Police have got the green signal to construct a new multi-storey police headquarters behind the Parliament Street police station, a heritage structure that dates back to 1913. Police had to seek permission from the Archaeological Survey of India (ASI) to build the new headquarters building behind the Parliament Street police station.]]></description>
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            <title><![CDATA[Hiranandani says has big plans for Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13967</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Apr 2012 06:28:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Mumbai-based real estate developer House of Hiranandani is planning to develop 23 million sq ft in Bangalore and Chennai over the next five years. It was planning to develop eight million sq ft here at an investment of Rs 3,000 crore, a top company executive said.  “We have a land parcel of 140 acres in Bangalore and 110 acres in Chennai. We wish to go systematically in these cities by understanding the customer’s preferences and develop the property as per their demand. We have launched two projects in Bangalore in two phases, which will have about two million sq ft,” Neha Hiranandani, director at House of Hiranandani, told reporters here.]]></description>
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            <title><![CDATA[Do customers prefer ready-to occupy flats?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13966</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Apr 2012 06:25:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- Are serious buyers in realty market keen on ready-tooccupy flats or are they OK with projects where they have to wait for months or years to get their dream homes? &quot;Generally, end users hoping to buy their first house look for ready-tooccupy apartments, as this will save them from the rental payments of their current accommodation. However, from an investor&#039;s point of view, ready-to-occupy flats would fetch lower returns on investment vis-a-vis flats under construction, even though there are far lesser risks associated with the first option,&quot; says Samir Jasuja, the chief executive officer of PropEquity.]]></description>
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            <title><![CDATA[CUT &amp; THRUST]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13965</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Apr 2012 06:23:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- There is good news for homebuyers. Finally, the RBI, in its quarterly review of monetary policy, cut its rates signalling banks to follow suit. And taking cue from the RBI, banks have also started cutting interest rates. ICICI Bank, IDBI Bank and Punjab National Bank have already cut their lending rates. Such rate cuts will help the homeloan borrowers as the equated monthly instalment (EMI) will come down. On top of this, this step will also help in reviving the mood in the market place as it is likely to help industry in attracting investments.]]></description>
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            <title><![CDATA[Hinduja Realty to Unlock Value of 2.5k-acre Land Holdings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13964</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Apr 2012 06:22:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Four years after announcing its foray into realty business, the Hinduja Group has crystallised its plan to unlock its real estate holdings of 2,500 acres belonging to its listed as well as its privately owned businesses through Hinduja Realty Ventures Ltd. The group run by four brothers is aiming to turn its realty business into a flagship revenue generator in the next 5-7 years with projects planned over a nearly 300 acres across the country.]]></description>
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            <title><![CDATA[AI set to lease space in landmark Mumbai, Delhi properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13963</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 27 Apr 2012 06:21:31 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- In a bid to shore up revenues and unlock the value of its two prime real estate assets, cash-strapped Air India plans to lease out around 1.50 lakh sq ft of office space at its Mumbai headquarters and at Airlines House, its registered office located in Delhi. The national carrier recently invited expressions of interest to appoint a real estate firm to advice it on the deal.]]></description>
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            <title><![CDATA[Commercial realty in Mumbai offers big opportunities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13962</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Apr 2012 06:20:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- The number of high net worth investors (HNIs) and corporates seriously looking to invest in Indian office space has increased manifold in the last few years. Mumbai continues as India&#039;s numero uno office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital. As South Asia&#039;s only true financial hub, Mumbai is among India&#039;s best places to invest in commercial real estate. In times of global economic uncertainty, investors flock to markets that have consistently proved their long-term stability and fundamentals.]]></description>
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            <title><![CDATA[Give home loan up to Rs 25 lakh in priority sector: RBI to UCBs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13961</link>
			<source>Zee News</source>
			<pubDate>Fri, 27 Apr 2012 06:19:43 +0530</pubDate>
			<description><![CDATA[Zee News- In order to facilitate enhanced lending, Reserve Bank on Thursday allowed Urban Co-operative Banks (UCBs) to provide housing loans up to Rs 25 lakh under the priority sector lending schemes. &quot;UCBs would, henceforth, be permitted to utilise the additional limit of 5 per cent of total assets for grant of housing loans to individuals upto Rs 25 lakh, which is covered under the priority sector,&quot; RBI said in a notification.]]></description>
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            <title><![CDATA[Sundaram BNP Home to raise Rs 2,700 cr this fiscal to up assets under management]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13960</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Apr 2012 06:11:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Sundaram BNP Home Finance, the home finance subsidiary of Sundaram Finance Limited, is planning to raise around Rs 2,700 crore during the current financial year, which would help the company in closing the year with Rs 5,000-crore assets under management (AUM). Srinivas Acharya, managing director, Sundaram BNP Home Finance, said that 40 per cent of the money would be raised through non-convertible debentures (NCDs), and the remaining from the National Housing Board, debts, commercial papers and public deposits.]]></description>
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            <title><![CDATA[Smart City concept master plan gets nod]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13959</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Apr 2012 06:10:47 +0530</pubDate>
			<description><![CDATA[Business Standard- The board of directors of SmartCity Kochi (SCK), a joint venture between SmartCity Dubai and the Kerala government, has approved the concept master plan of the project. In a press release, the company has informed that the same would be forwarded to the SEZ Board for approval soon. Upon receiving the approval, the concept master plan has moved to its second stage, which will include the detailed components of the master plan. Accordingly, the second stage of the plan is expected to be completed by August 2012.]]></description>
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            <title><![CDATA[ASK group plans $250-300 m offshore fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13958</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 27 Apr 2012 06:10:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate fund house ASK Property Investment Advisors has said it is planning to raise over $250-300 million in an offshore fund to invest in Indian real estate projects. The company has already committed $40 million (Rs 200 crore) out of its second domestic fund. It has formed a subsidiary in Singapore that will be raising this offshore fund. To be launched in July, the ASK Real Estate Special Opportunities Fund plans to invest in projects with a completion cycle of three-four years.]]></description>
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            <title><![CDATA[JLL India CEO quits plans to launch realty fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13957</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Apr 2012 06:09:01 +0530</pubDate>
			<description><![CDATA[Business Standard- Even as fund raising in India seems to be tough, real estate sector in the country is witnessing the launch of many private equity (PE) funds. The new entrant into the PE space is Sanjay Dutt, chief executive officer (business), Jones Lang LaSalle (JLL), a global property consultant firm. According to sources in the know, Dutt, former joint managing director at Cushman &amp; Wakefield, is joining hands with Nipun Sahni, former head of global commercial, real estate, India, at Bank of India Merril Lynch, to launch the fund.]]></description>
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            <title><![CDATA[DLF unlikely to continue with IPL title sponsorship]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13956</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Apr 2012 06:08:26 +0530</pubDate>
			<description><![CDATA[Business Standard- With the slump in real estate market and television ratings, DLF, the country’s largest real estate developer, is unlikely to continue with the title sponsorship of the Indian Premier League, according to sources close to the development. According to officials from the Board of Control for Cricket in India (BCCI) and industry executives, the contracts expires at the end of the fifth season of the IPL in May. During the inaugural edition of the IPL in 2008, DLF had won the bid for Rs 40 crore per annum for five years, valuing the deal at Rs 200 crore.]]></description>
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            <title><![CDATA[Lodha, Runwal, Sheth in talks to buy DLF&#039;s Mumbai land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13955</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Apr 2012 06:07:42 +0530</pubDate>
			<description><![CDATA[Business Standard- City-based real estate developers such as Lodha Developers, Runwal Group and Sheth Creators are in talks with DLF, the country’s largest developer, to buy a piece of land here. While DLF was seeking a valuation of Rs 3,000 crore for the 17-acre plot, the potential buyers were negotiating to buy it at Rs 2,000-2,200 crore, said a person with direct knowledge of the deal talks.]]></description>
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            <title><![CDATA[A S Rao Nagar in high street map of India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13954</link>
			<source>The Times of India</source>
			<pubDate>Thu, 26 Apr 2012 06:21:00 +0530</pubDate>
			<description><![CDATA[The Times of India- The city&#039;s status as a major retail destination has got yet another boost with the AS Rao Nagar area emerging as the surprise numero uno high street destination in terms of notching the steepest hike in rentals across the country ahead of other high street destinations in cities like NCR, Bangalore, Kolkata and Chennai. According to a retail real estate market study for the January-March quarter of 2012 conducted by global real estate consultancy firm Cushman &amp; Wakefield, AS Rao Nagar, which is emerging as a much sought after address by retailers, has recorded the steepest hike of 26.7% in monthly rentals that rose to Rs 95 per sft.]]></description>
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            <title><![CDATA[Will take 3 years to clear unsold stock of flats in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13953</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 26 Apr 2012 06:20:12 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- There are so many residential flats lying unsold in Mumbai that it will take more than three years to clear the stock. This means the skyrocketing price of your dream house might ease up. The value of the current unsold housing stock in Mumbai is around Rs8,535crore. According to the quarterly report released by real estate research firm Liases Foras, there is 12.9 crore sqft inventory (housing projects launched, but not necessarily built) with 1.13 lakh housing units lying unsold in the Mumbai Metropolitan Region (MMR), which includes the city and its satellite towns. Around 6 crore sqft inventory with 35,000 housing units is lying unsold within the city limits, the report added.]]></description>
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            <title><![CDATA[D B Realty&#039;s Group director N Shridhar resigns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13952</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Apr 2012 06:19:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- N Shridhar, group director at DB Realty, who was handling strategy and finance and was in-charge of the company when its promoters Shahid Balwa and Vinod Goenka were in jail for their alleged involvement in the 2G scam, has put in his papers. &quot;I am taking a few months break due to health and personal reasons and won&#039;t be taking up any assignment immediately,&quot; Shridhar said.]]></description>
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            <title><![CDATA[‘State govt not helping create affordable homes’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13951</link>
			<source>The Times of India</source>
			<pubDate>Thu, 26 Apr 2012 06:18:46 +0530</pubDate>
			<description><![CDATA[The Times of India- With the cost of housing increasing, the Maharashtra Chamber of Housing Industry (MCHI), a developers&#039; body, on Wednesday blamed the state government for not boosting measures to create affordable housing stock, including 5 lakh homes planned jointly between MCHI and the government. In a statement, MCHI-Credai, as it is known on joining hands with the Confederation of Real Estate Developers Association of India ( Credai), said two years after a deal (April 28, 2010) to construct 5 lakh homes, the government has not amended development rules and provided incentives nor set up a nodal agency to handle approvals through a single window clearance system to clear projects.]]></description>
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            <title><![CDATA[India adds 1.94 million sq ft of new mall space in Jan-March quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13950</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Apr 2012 06:18:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- India received fresh mall supply of around 1.94 million sq ft in the quarter ended March 2012, says a new report on the retail real estate market by Cushman &amp; Wakefield India. Many mall projects did not come online due to delays in construction, leading to a deficit of around 50% from the estimated supply of 3.37 million sq ft for the quarter. This space will now come into the market in the next quarter, which is expected to see a supply of 4.25 million sq ft of new space.]]></description>
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            <title><![CDATA[LIC Housing Finance Q4 net down 19.4% at Rs 253.6 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13949</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Apr 2012 06:17:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- LIC Housing Finance today reported a 19.4 decline in net profit at Rs 253.60 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 314.77 crore in the January-March quarter of 2010-11. Total income of the housing finance major rose by 21.33 per cent to Rs 1,689 crore from Rs 1,392 crore in the year-ago period, the company said in a statement.]]></description>
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            <title><![CDATA[MAK Projects announces Golf Villa Plot scheme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13948</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Apr 2012 06:16:29 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- MAK Projects announced the Phase III Golf Villa Plot project at its Banyan Tree Retreat. It will offer plots ranging from 600 to 2,000 sq yards for custom built villas in the gated community. The project is coming up at Maheshwaram on the Sr&shy;isailam Highway, about 15 mi&shy;nutes drive from the outer Ring Road in Hyderabad. According to Mir Nasir Ali Khan, managing director of MAK Projects, the company aims to add 150 high-end luxury villas in this phase. It is creating a nine-hole executive golf course and this is expected to be ready by June or July.]]></description>
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            <title><![CDATA[Rental of high street locations in NCR up by 9% in Jan-March]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13947</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Apr 2012 06:15:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- High street shopping destinations such as South Extension, Karol Bagh and Connaught Place in the national capital saw up to 9 per cent rise in rentals in the first quarter of 2012, but malls in NCR did not receive much attention from retailers due to paucity of quality space. In sharp contrast to the high street locations, rentals across the shopping malls in the National Capital Region (NCR) remained unchanged from the previous quarter and incidentally from the last year as well, according to a report by global property consultant Cushman &amp; Wakefield (C&amp;W).]]></description>
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            <title><![CDATA[Premium houses at a heritage site in Kolkata]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13946</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Apr 2012 06:15:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Here’s a chance to own a premium apartment in a place that had an illustrious past. In this close to 10-acre land, Naba Kr&shy;ishna Deb of Shobhabazar Royal fa&shy;mily started ‘Durga Puja’ back in 1757. Swami Vivekananda was given the first civic reception in this house on his return from the US after delivering his historic Chicago ad&shy;dress. There are many other glorious moments att&shy;ached to place in north Kolkata. Now, Bluechip Project, a leading realty de&shy;veloper, has teamed up with Raja Naba Krishna Deb’s yo&shy;ungest son, to come up with a unique multi-utility inf&shy;rastructure on the non-heritage po&shy;rtion of one of Ko&shy;lkata’s most well known heritage properties—Shob&shy;ha&shy;bazar Rajbari.]]></description>
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            <title><![CDATA[Mangal Tirth Esates launches Maplewood Premier]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13945</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Apr 2012 06:14:39 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Mangal Tirth Esates, which developed Chennai’s first shopping mall Spencer’s Plaza, and which subsequently br&shy;anched out to develop residential space, has now launched a high-end limited unit residential apartment project at Kottivakkam on OMR, Chennai’s IT corridor. The project, Maplewood Premier, has come up a little over five grounds (each ground = 2,400 sq ft) and will offer just six residential apartments of about 3,300 sq ft each. All ap&shy;artments have four bedrooms with living/dining rooms, dry and wet kitchen with attached bathrooms. Each apartment has four reserved covered car parks along with room and bathroom to house domestic staff on the stilt level.]]></description>
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            <title><![CDATA[‘Increase minimum size of Mumbai plot from one acre to five’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13944</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Apr 2012 06:14:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a move that could signal a drop in cluster redevelopment proposals, Municipal Commissioner Subodh Kumar has proposed that the minimum size of plot for cluster redevelopment projects be increased from one acre to five. This effectively means that while a plot size to undertake cluster project is required to be minimum of 4,000 sq metre currently, the developers will now be able to undertake a project only if the plot measures a minimum of 20,000 sq metre, if the proposal is passed.]]></description>
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            <title><![CDATA[Happy days are back]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13943</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Apr 2012 06:13:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- House hunters are a happy lot following the Reserve Bank of India’s move to slash policy rates and its instruction to lenders to reduce home loan rates. Some leading banks have already cut their home loan rates for existing and new customers by 25 basis points while others are likely to follow suit soon. Lenders are hopeful the reduction in interest rates would boost their home loan portfolio this year. The 25 basis points (bps) fall may not amount to any substantial gain for loan seekers. With this cut, home loan seekers will see a reduction of around Rs 17-20 in their equated monthly instalments (EMIs) for every Rs 1 lakh loan with a tenure of 20 years. Obviously, over a period of 20 or 30 years, all high-value loans will definitely make a substantial difference.]]></description>
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            <title><![CDATA[Average cost of Mumbai flat is Rs 2.6 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13942</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Apr 2012 06:12:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- Just when it was believed that the only direction the exorbitant realty prices could slide is downwards, property prices have inched up even further. The average cost of an apartment in Mumbai has just peaked to Rs 2.60 crore. This is almost a 20 per cent jump from March 2011, according to figures compiled by the real estate research firm Liases Foras. The weighted average price of a new house within the municipal limits of Mumbai — from Colaba to Mulund, Dahisar and Mankhurd — was Rs 2.18 crore at the end of the previous financial year. In terms of per sq ft rates, the average cost last year was Rs 14,733 and as on March 2012, it has leaped to Rs 17,536 per sq ft.]]></description>
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            <title><![CDATA[Global battering notwithstanding, NCR grows]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13941</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Apr 2012 06:06:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- It would behove us to remember that the global slowdown began owing to the subprime crisis in the USA. The subprime crisis in turn was directly related to prices of real estate and their manipulation by financial spin doctors directly related to the devil and the desk jockeys with an active phone on Wall Street. What followed was a spate of unemployment, failed businesses, cave-ins by investment bankers and slow growth (if not negative) all over the world starting from the USA. President Barack Husain Obama is still mopping up the mess, which seems to grow in scale and magnitude every day.]]></description>
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            <title><![CDATA[NCR leads the way to recovery in North]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13940</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Apr 2012 06:06:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- The times are a changing; people are listening to the heart of the matter. Demand is no longer dictated by traditions and customs in purchase patterns. The modern man (and woman) will always seek out the best possible outcome for himself (read herself) and follow it accordingly. The same goes for the homing instinct in Homo Sapiens. Man will always nest in the personally ideal scenario, which offers him the perfect happiness. This may not be the same for each individual and may vary according to cultural and personal affinity. Real estate companies in the NCR and the rest of the northern region have learnt this the hard way.]]></description>
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            <title><![CDATA[New credit policy brings cheer to realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13939</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Apr 2012 06:05:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- The global economic turmoil and the sub-prime crisis have had a much lesser impact on Indian buyers than in other countries where people are still apprehensive about investing in property. The recent credit policy has brought cheer amongst developers as the repo rate has been brought down by 50bps. Pallavee Dhaundiyal Panthry examines the current real estate scenario in terms of sales vis a vis loans.]]></description>
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            <title><![CDATA[Mumbai Home Sales Recover From 3-Year Low on New Projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13938</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 25 Apr 2012 06:04:52 +0530</pubDate>
			<description><![CDATA[Bloomberg- Mumbai’s residential home sales recovered from a three-year low in the quarter ended March as new projects boosted demand, according to Liases Foras Real Estate Rating &amp; Research Pvt. Sales in Mumbai, India’s most expensive property market, rose 20 percent from the previous quarter to 9.13 million square feet, said Pankaj Kapoor, founder of Liases Foras, a Mumbai- based real estate research company.]]></description>
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            <title><![CDATA[Rising debt pushes Leela, DLF, Eros and others to put hotels on the block]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13937</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Apr 2012 06:04:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Several key hotel assets are up for grabs across India, as their owners look to encash them to retire rising debt or generate working capital. In recent times, companies like DB Group, DLF, Eros, Leela and Royal Orchid Hotels, among others, have put their hotels in various parts of the country on the block. Though the company denied it, DB Hospitality is in the process of selling its under-construction hotel, the Park Hyatt on Marine Lines in Mumbai, and also the new Grand Hyatt in Goa, says a Mumbai-based property consultant, who did not want to be named. A consultant in Delhi said he is in touch with builder Eros to sell its Mayur Vihar property that houses a Hilton hotel, which is expected later his year.]]></description>
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            <title><![CDATA[Xander buys Chennai IT building for Rs 200 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13936</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 25 Apr 2012 06:02:27 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Xander Group, a multinational investment firm, has bought an IT office building for $40 million (Rs 200 crore) in Chennai. A press release from Xander said its real estate private equity arm has acquired ‘Futura&#039;, a six-acre property, with two buildings totalling 5.70 lakh sq. ft of built-up space. The property on the Old Mahabalipuram Road to the south of the city was sold by Appaswamy Real Estates, a high-end residential developer.]]></description>
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            <title><![CDATA[Indian cities as engines of growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13935</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 06:01:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- Unless there is a fundamental shift in the mindset away from one which separates the rural from the urban, Indian planning cannot address the challenges of urbanisation in our present stage of development. In the 6 years after the launch of the economic reforms in 1991, the average growth rate of the Indian economy was 5.5% per annum. In the past 6 years, the growth rate has averaged over 8% per annum.]]></description>
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            <title><![CDATA[Govt waives FDI norm for prime land in Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13934</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 06:00:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- Determined to see that the prime railway land in the heart of the capital is commercially developed by private players, the government has made an exception to the strict three-year lock-in rule for foreign investors. Foreign direct investment (FDI) norms for real estate development clearly state that all foreign investment has to be locked in for a minimum of three years.]]></description>
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            <title><![CDATA[Citigroup&#039;s Rs 985 cr office space buyout biggest commercial property deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13933</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Apr 2012 05:59:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a dismal real estate market, US banking giant Citigroup on Tuesday closed the biggest commercial property deal. Citi bought six floors of office space in Mumbai&#039;s Bandra Kurla Complex for Rs 985 crore to house its India headquarters, from a consortium led by the Purnendu Chatterjee Group. Two Citigroup entities - Citibank NA and Citigroup Global Markets - have taken up over 297,000 sq ft at First International Finance Centre (FIFC), an upcoming office tower a block away from the Citigroup Centre, where the bank&#039;s India operations are currently housed. &quot;This investment represents yet another significant commitment by Citi to its franchise in India,&quot; said a Citi spokesperson. &quot;FIFC will house all key businesses of Citi, currently spread across Mumbai and other cities.&quot;]]></description>
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            <title><![CDATA[Pallonji Shapoorji in corruption case?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13932</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 05:58:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court today issued a notice to Pallonji Shapoorji Mistry, father of Tata Group chairman designate Cyrus Mistry, on a public interest litigation filed alleging that his real estate company had given an illegal gratification of Rs 250 crore to a company owned by Nitesh Thakur, former deputy collector of Mhada. Nitesh has been arrested by the state Anti-Corruption Bureau on charges of corruption and for amassing assets disproportionate to his known source of income.]]></description>
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            <title><![CDATA[Realty players to protest against decision deficit, delays in grant of clearances]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13931</link>
			<source>Business Standard</source>
			<pubDate>Wed, 25 Apr 2012 05:58:02 +0530</pubDate>
			<description><![CDATA[Business Standard- Mumbai’s realty sector will protest against an alleged decision deficit and policy paralysis in both the state and central governments besides various pertinent agencies. Various realty organisations, including the Maharashtra Chamber of Housing Industry and the Confederation of Real Estate Developers’ Association of India, have joined hands to go on a token strike by holding sit-ins on May 3 in a bid to bring the administration’s focus on a “lack of continuity in policies and inordinate delays” in getting various clearances. Practising engineers, architects and town planners would, on Thursday, take their call on participating in the proposed stir.]]></description>
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            <title><![CDATA[Cheating case against Ansal bros lodged]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13930</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 05:57:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realtors Ansal brothers, Sushil and Gopal, have been summoned by a Delhi court to respond to the allegation of cheating a US-based couple of nearly Rs 12 lakh. Metropolitan Magistrate (MM) Ashok Kumar issued summonses to Ansal Properties and Infrastructure Ltd CMD Sushil Ansal and Ansal Buildwell Ltd&#039;s MD Gopal Ansal on a complaint by a US-based woman Sunila Wadhawan.]]></description>
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            <title><![CDATA[Punjab sets 15 day deadline for every land mutation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13929</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 05:56:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Punjab Government today took a major initiative to make the working of Revenue Department transparent and people friendly by setting a deadline of a maximum 15 days for any land mutation. In strict instructions issued by Bikram Singh Majithia, Revenue Minister every revenue official have been asked to ensure mutation of every land record within 15 days of its submission.]]></description>
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            <title><![CDATA[Walton Street returns to Indian real estate, to put Rs 100 cr in Noida project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13928</link>
			<source>Business Standard</source>
			<pubDate>Wed, 25 Apr 2012 05:55:52 +0530</pubDate>
			<description><![CDATA[Business Standard- At a time when foreign private equity (PE) investors are a bit wary of the Indian property market, Chicago-based PE real estate investment firm Walton Street Capital is making a comeback. In its second India outing, Walton has planned to invest at least Rs 100 crore in a Supertech project at Noida, near Delhi. Walton would get a 20 per cent stake in the residential towers of Supertech’s mixed use development project, Supernova. The total cost of the Supernova project is estimated at Rs 3,000 crore, while the cost of the residential towers, Nova East and Nova West, will be around Rs 500 crore.]]></description>
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            <title><![CDATA[Eye on urban voters, govt plies housing societies with money]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13927</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Apr 2012 05:49:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- With Assembly polls in the state just months away, the Gujarat government has announced a new scheme to fund internal roads, streetlights and water supply systems in housing societies, for which it has allocated Rs 500 crore under the Mukhya Mantri Shehri Vikaas Yojana. The state urban development department issued a Government Resolution (GR) on April 19 announcing the scheme under which it will fund 70 per cent of the cost of setting up internal infrastructure in housing societies.]]></description>
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            <title><![CDATA[Realtors add designer touch to luxury living]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13926</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Apr 2012 07:31:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Designers are lending their names to residential projects by adding bespoke features. Like fashion brands, individual designers are endorsing projects that reflect the progressive lifestyle of a discerning few who are willing to shell out a premium for all things superior. Legendary rock star Mick Jagger’s daughter Jade Jagger is adding her design flair to 70 apartments in Equinox Realty’s 400-unit residential project in Hebbal in Bangalore. These apartments of 4,000-6,000 sq ft are priced between Rs 5 crore and Rs 10 crore.]]></description>
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            <title><![CDATA[After govt clarification, NMC starts clearing hsg projects post-clarification]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13925</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Apr 2012 07:29:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The town planning department of the Nashik Municipal Corporation has started clearing pending residential building plans after the state clarified on 20% reservation for economically weaker sections in housing projects over 2,000 sq mt in size.]]></description>
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            <title><![CDATA[Before you shop for home loan, check these]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13924</link>
			<source>Indian Express</source>
			<pubDate>Tue, 24 Apr 2012 07:28:48 +0530</pubDate>
			<description><![CDATA[Indian Express- Living in your own home is the dream of every household and interest rate is an important consideration in home buying decision. The Reserve Bank of India cut the rates for the first time in three years which has led the banks to announce a reduction in their lending rates. While you may be thinking to go ahead with your decision you deferred for a while, consider the following points to make the most out of your home purchase.]]></description>
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            <title><![CDATA[Tata Housing announces winners of its project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13923</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 24 Apr 2012 07:27:03 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Arvind and Smart Value Homes LLP, a special purpose vehicle (SPV) created by Arvind Real Estate and Smart Value Homes Ltd, a 100 per cent subsidiary of Tata Housing Development Company Ltd, announced the list of the beneficiaries of their affordable housing project near Ahmedabad on Monday. The JV, which is developing the mega integrated sustainable green township, spread across 135 acres, declared the 950 winners of the first phase of “Shubh Griha” project through a lucky draw. Since the commencement of booking in February, the project was subscribed by over 9 times and received over 4 times dully filled application forms across India for 950 apartments, priced between Rs 7, 92,300 and Rs 12, 33,100, according to a company statement here.]]></description>
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            <title><![CDATA[DLF falls after exclusion from BSE Sensex]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13922</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 24 Apr 2012 07:26:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Shares in India&#039;s biggest real estate developer DLF fell as much as 2.5 percent after the Bombay Stock Exchange (BSE) said it will replace the company in India&#039;s benchmark 30-share Index with pharma major Dr Reddy&#039;s Laboratories. DLF has taken a beating from investors with the company&#039;s market value eroding almost 84 percent to $6.4 billion compared with the peak of over 2 trillion rupees ($38.4 billion) in early 2008.]]></description>
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            <title><![CDATA[Realty players to protest decision deficit, clearance delays]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13921</link>
			<source>Business Standard</source>
			<pubDate>Tue, 24 Apr 2012 07:25:17 +0530</pubDate>
			<description><![CDATA[Business Standard- Mumbai&#039;s realty sector has taken a decision to protest decision deficit and policy paralysis in the state and central governments and various agencies. A large number of realty organisations, including Maharashtra Chamber of Housing Industry (MCHI) and Confederation of Real Estate Developers&#039; Association of India (Credai), have joined hands to go on a token strike and sit-in dharna on May 3 to protest the lack of continuity in policies and inordinate delays in getting clearances for various projects.]]></description>
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            <title><![CDATA[Looking for a career in Real Estate?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13920</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 24 Apr 2012 07:24:12 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Is the Indian real estate sector the right place to make a serious career in now? Compared to more developed countries, the Indian real estate sector still lacks sophistication and transparency. However, it continues to be in the limelight of domestic and international investments. This has naturally brought on the need for better, more capable human resources.]]></description>
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            <title><![CDATA[RBI rate cut likely to perk up property scene in Tricity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13919</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 24 Apr 2012 07:23:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reserve Bank of India’s move to cut key rates for the first time in three years by a sharp 50 basis points may kickstart property transactions in Tricity, which have seen a major slowdown over the past year. The correction in residential property prices in Chandigarh, Mohali and Panchkula has ranged from 15 to 25 per cent during this period. Property dealers prefer to call it a “stable market” — when prices of marlas and kanals have not been going through the roof.]]></description>
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            <title><![CDATA[Compensate landowners, else erring official to pay Rs 1 lakh: HC to Punjab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13918</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 24 Apr 2012 07:22:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- Taking serious note of the inordinate delay being caused in payment of compensation to landowners in Punjab, the Punjab and Haryana High Court has told the state government to ensure that no further delay is caused in this regard. If the state fails to do so, a division bench has held, then the erring official will have to pay a penalty of Rs 1 lakh in each such case which reaches the High Court. The High Court has also passed strictures against Punjab for causing “unnecessary delay”.]]></description>
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            <title><![CDATA[Despite incentives, barely 8% cessed buildings redeveloped]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13917</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 24 Apr 2012 07:20:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Merely eight per cent of the 16,000-odd cessed buildings in Mumbai have been redeveloped since 1999, when the state government decided to offer incentives to private developers in return for rehabilitating tenants of such properties free of cost. The Mumbai Transformation Support Unit (MTSU), which has arrived at these figures as part of its year-long cessed buildings mapping exercise, has in its final report suggested that the government should axe the politically populist policy of free housing for tenants of cessed buildings. These are pre-1969 tenanted properties in the island city that pay a minimal repair cess to MHADA. The findings show that the policy has not benefited the four lakh families living in these buildings.]]></description>
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            <title><![CDATA[Halved Tax to Keep PEs Alive &amp; Kicking in India ,Mindful of their role in growing small firms, govt may cut cap gains tax on PEs’ unlisted stocks to 10%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13916</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 23 Apr 2012 07:01:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- The finance ministry is set to halve the tax burden to keep alive the interest of private equity (PE) players, who constitute the biggest foreign direct investor group in India. The ministry is prepared to lower longterm capital gains tax on unlisted stocks to 10% for PEs, government sources told ET, since equity infusion by PEs helps startups and mid-sized firms to grow.]]></description>
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            <title><![CDATA[SPECIAL TREATMENT LINED UP ,Govt mulls new norms, tax sops to revive SEZ boom ,Minimum Area May Be Cut To Just 25% Of Present Figure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13915</link>
			<source>The Times of India</source>
			<pubDate>Mon, 23 Apr 2012 07:00:53 +0530</pubDate>
			<description><![CDATA[The Times of India- It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that is not built around the identified 40 million-plus cities and state capitals would be eligible for duty benefits on capital investment for construction of hotels, hospitals, schools and colleges, residential and business complexes and training, leisure and entertainment facilities in what is billed as nonprocessing area (NPA) infrastructure. Sources said the zones would be eligible for tax concession if built 50-100km from an urban conglomerate, with the facilities for exclusive use of SEZ employees.]]></description>
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            <title><![CDATA[Homebuyers pin hope on Friday verdict]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13914</link>
			<source>The Times of India</source>
			<pubDate>Mon, 23 Apr 2012 06:59:44 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers are keeping their fingers crossed as the Supreme Court will decide the fate of their housing units in Noida Extension on April 27. The apex court will hear a petition filed by farmers seeking the quashing of land acquired by Greater Noida Authority in Bisrakh village. Around 608 hectares of land acquired from Bisrakh comprises Sector 1 of Greater Noida, along with parts of Sector 3. Around 15 residential projects are already under construction in Sector 1.]]></description>
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            <title><![CDATA[Sand mining stay affects GHMC works]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13913</link>
			<source>The Times of India</source>
			<pubDate>Mon, 23 Apr 2012 06:58:44 +0530</pubDate>
			<description><![CDATA[The Times of India- Construction activity has come to a standstill in the city with price of sand soaring like ever before. After the AP high court stayed sand mining across the state from April 1, sand suppliers have increased the price of the construction material drastically. In a span of just 20 days, sand rate has doubled, sources said. While it was Rs 700 per tonne in March, sand suppliers are charging Rs 1,300 per ton after the HC stay. Nearly Rs 2,000-crore worth works have come to a standstill in the city alone. Apart from private builders and developers, many government contractors have also stopped construction activity.]]></description>
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            <title><![CDATA[Central registry to include all property deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13912</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Apr 2012 06:57:16 +0530</pubDate>
			<description><![CDATA[Business Standard- At a time when the real estate sector is struggling with issues related to transparency, the scope of the existing central registry on properties is being expanded by including those with no attached loans. Currently, only loan-linked properties are being put in the registry. A pilot project for registering all properties would begin before March 2013, the National Housing Bank’s Chairman R V Verma told Business Standard. It will start with states already having an e-registry platform.]]></description>
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            <title><![CDATA[Hyderabad 3rd most affordable office location in 2011: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13911</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 23 Apr 2012 06:56:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- Hyderabad has emerged as the world&#039;s third most affordable office location in 2011 in a list prepared by global realty consultant DTZ, which has also named Chennai and Pune among the top five such positions. According to DTZ&#039;s latest study &#039;Global Occupancy Costs - Offices&#039;, Surabaya in Indonesia and Qingdao in China were placed in the top two positions of the chart as the most affordable office locations in the world last year.]]></description>
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            <title><![CDATA[RBI&#039;s big rate cut won&#039;t spur housing market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13910</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 23 Apr 2012 06:55:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Prospective home buyers in India are unlikely to even blink, let alone give a thought, to hinging their purchase decision on the 50 basis points (bps) rate cut announced by the Reserve Bank of India on Thursday. The cut translates to a 3.2% decrease in a homebuyer&#039;s equated monthly installment (EMI), which isn&#039;t motivation enough to turn people from squirrels to squanderers. Besides, the rate easing comes after a 375 bps increase between March, 2010 and October, 2011. If that kind of a rise did not deter those who wanted to build their own nests from putting down the money for a home, this cut isn&#039;t going to spur demand either.]]></description>
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            <title><![CDATA[Builders, cement makers spar ahead of CCI order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13909</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Apr 2012 06:54:13 +0530</pubDate>
			<description><![CDATA[Business Standard- Builders and cement companies are at war over the rising price of cement. A verdict is expected next week from the Competition Commission of India (CCI), on a charge made by real estate dealers, of cartelisation among cement companies. Builders say cement makers have increased prices by 50 per cent in the past six months and as much as 20 per cent after the Union Budget, blaming collusion for the supply problem. Cement companies say the complaint is “ridiculous”, as the prices are controlled by factors like demand and supply, railway freight rates and excise duty.]]></description>
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            <title><![CDATA[Govt to ensure there&#039;s no abuse of affordable housing ECB]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13908</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Apr 2012 06:52:42 +0530</pubDate>
			<description><![CDATA[Business Standard- The finance ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money. Modalities were being worked out for implementation of the Budget announcements. These were likely to specify the projects and also the developers who would be allowed to utilise the ECB facility. The finance ministry has cleared the way for implementation of the ECB announcements for power, roads and airlines. For affordable housing, the go-ahead is expected in two weeks.]]></description>
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            <title><![CDATA[ICS Realty to turn into full time developer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13907</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 23 Apr 2012 06:48:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- ICS Realty India, a Mumbai-based retail asset management firm said it is looking at developing projects on its own. The company has hitherto raised and managed funds for other developers. It is also floating a joint venture firm for its hospitality foray in two weeks time. According to Mr Deep Kantawala, CFO, ICS Realty, will be getting into developing and management of hotels in the premium category through an equal joint venture partnership with an African hospitality major. However, he did not divulge the name of the JV company or any investments it plans to make.]]></description>
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            <title><![CDATA[Local real estate developers look to gain edge in state]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13906</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Apr 2012 06:43:42 +0530</pubDate>
			<description><![CDATA[Business Standard- While the larger real estate developers were unsuccessful in tapping the tier-II/III markets in Gujarat, the local developers have been realigning business strategies to leverage cities like Surat, Ahmedabad and Vadodara. From bringing in more transparency to enhancing product portfolio, developers in Gujarat have been trying several things to gain edge of their national counterparts. &quot;Cities like Ahmedabad, Vadodara and Surat have seen rise in enquiries for industrial plants and financial services. These cities have also become more cosmopolitan in the last couple of years. This has led to local developers making efforts to strengthen their ground in the state. This is being done through either increased transparency or enlarging reach to other cities in Gujarat,&quot; said Nirav Kothary, regional director - Gujarat, Jones Lang LaSalle India (JLL).]]></description>
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            <title><![CDATA[Manesar: Unrealised potential]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13905</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Apr 2012 06:41:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Manesar was envisaged as a model township encompassing residential, commercial, office and industrial establishments. That is the reason it was appropriately christened as IMT (Integrated Model Township). This area was primarily expected to see development riding on the back of industries setting up shop there. With a plethora of operational industrial units, it would be appropriate to call it an integrated industrial park. With an area of 1,750 acres, development in Manesar has been regulated since 1997 by the Haryana State Industrial &amp; Infrastructure Development Corporation (HSIIDC), which is primarily creating an industrial area that will enable the state to take centre-stage in north India in terms of industrial competitiveness. The vision is to provide and upgrade existing facilities which will encourage industries to set up shop in this area.]]></description>
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            <title><![CDATA[Commercial realty sluggish in Jan-Mar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13904</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Apr 2012 06:40:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Leasing and buying activity in the commercial real estate market in India remained sluggish for the first quarter ended March 31 of calendar year (CY) 2012. The total absorption of office space declined 12% in Q1 compared to the Q4 of CY 2011. Weak domestic macro-economic indicators and cautious sentiments among Indian corporates and financial institutions led to the fall in commercial space take-up, says a report by real estate consultant DTZ India. No change in the interest rates by the RBI in the last quarter also made companies hold their decisions to buy as they anticipated a fall in rates in the subsequent quarters.]]></description>
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            <title><![CDATA[It’s time for our cities to go compact]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13903</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Apr 2012 06:39:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- The last few decades of urban development in India have witnessed a proliferation of housing projects all around the metropolitan areas. The spatial envelope is characterised by suburban sprawl with people commuting over painfully long distances. Historically, in most parts, Indian cities have always been traditionally built in a compact manner. This form of urban development has come about on account of a variety of reasons. When buildings are closely placed to each other, exposure of walls to the hot sun gets limited. Further, with shading and narrow lanes, the effect is even more pronounced.]]></description>
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            <title><![CDATA[India needs to develop and offer more quality retail spaces at commercially viable costs: John Strachan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13902</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Apr 2012 06:37:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The US-based global management consulting firm, A T Kearney, in its Global Retail Development Index 2011, has ranked India as the fourth most attractive nation for retail investment, among 30 emerging markets. The rapid expansion of India’s retail industry also means there is great demand for real estate. Analysts say international hypermarket chains like Walmart, Tesco and Carrefour — apart from national chains such as Big Bazaar and More — will absorb a large chunk of retail real estate in tier II and tier III cities.]]></description>
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            <title><![CDATA[Big PEs in talks to buy Essar realty arm&#039;s Mumbai project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13901</link>
			<source>Business Standard</source>
			<pubDate>Sat, 21 Apr 2012 06:55:19 +0530</pubDate>
			<description><![CDATA[Business Standard- Leading private equity (PE) funds such as Blackstone, Morgan Stanley, IDFC, and Singapore-based developer-investors Ascendas and Mapletree, among others, have put in bids for the Essar Group-backed Equinox Realty’s commercial project here. Equinox Realty was seeking a valuation of around Rs 2,000 crore, said sources in the know. If a transaction materialises at this value, it would be one of the biggest PE deals in commercial property. Recently, Ascendas bought a property in Hyderabad from Phoenix Infocity for Rs 855 crore and Blackstone struck a deal for DLF’s special economic zone (SEZ) in Pune for Rs 810 crore.]]></description>
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            <title><![CDATA[REDEVELOPING PROPERTIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13900</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:54:39 +0530</pubDate>
			<description><![CDATA[The Times of India- The trend of redeveloping properties in the capital started in a big way around 12-13 years ago. Now, many developers are trying to once again redevelop such properties if they are located in good areas and locations. Proving the tried and tested Chinese saying that &#039;Neighbors cannot live peacefully&#039; wrong, there are neighbors, though not many at this juncture, joining hands together in order to redevelop their notvery-old homes in the capital.]]></description>
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            <title><![CDATA[NOIDA: CLEAN, GREEN &amp; MODERN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13899</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:53:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Noida is considered a model city in UP owing to its development in industry, commerce and trade. Also, it is a major revenue earner for the UP government through taxes. Noida (New Okhla Industrial Development Authority) came into existence on April 17, 1976; it is located adjacent to east Delhi&#039;s Mayur Vihar and Vasundhara Enclave. It was set up as part of an urbanization extension thrust during the controversial emergency period (1975-1977). The city was created under the UP Industrial Development Act, 1976.]]></description>
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            <title><![CDATA[SKYSCRAPERS IN THE NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13898</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:52:56 +0530</pubDate>
			<description><![CDATA[The Times of India- The latest in the line is Supertech&#039;s 80-storeyed Supernova standing 300 metres high and the 66-storeyed North Eye at 255 metres. Raheja&#039;s Revanta is a 57-storeyed, 195-metre high residential tower. Other developers like 3C, M3M and Ireo, too, have announced residential projects over 180 metres in Noida and Gurgaon respectively. Currently, in Noida, the tallest residential highrise building is Assotech&#039;s Celeste Towers (structural work is almost complete) in Sector 44. It is being developed as the tallest luxurious tower in the NCR. This 35 level highrise structure is over 14,331 square meters, says Sanjiv Srivastava, the managing director of Assotech Limited.]]></description>
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            <title><![CDATA[HOME LOANS GET CHEAPER]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13897</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:52:13 +0530</pubDate>
			<description><![CDATA[The Times of India- The RBI’s cut in repo rate by 50 basis points will ultimately perk up demand and help the real estate sector considerably. The RBI&#039;s new credit policy which allows lowering of repo rate by 50 basis points is a welcome relief for the real estate sector.]]></description>
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            <title><![CDATA[CUT &amp; THRUST]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13896</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:51:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Three major banks have cut interest rates following the cut by the RBI. This will help in reviving the mood in the market as it is likely to help industry in attracting investments. There is good news for homebuyers. Finally, the RBI, in its quarterly review of monetary policy, cut its rates signalling banks to follow suit. And taking cue from the RBI, banks have also started cutting interest rates. ICICI Bank, IDBI Bank and Punjab National Bank have already cut their lending rates.]]></description>
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            <title><![CDATA[Pan-India cement demand rises 6.2%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13895</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 21 Apr 2012 06:50:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Pan-India cement demand increased by 6.2 per cent year-on-year in March 2012. Demand growth for the whole of 2011-12, at around 6.6 per cent. Weak demand coupled with overcapacity scenario pulled down pan-India operating rates from almost 78 per cent in 2010-11 to 75 per cent during 2011-12. Despite slow offtake, the increase in pan-India cement prices in 2011-12 was almost 14 per cent (year-on-year), largely due to the steep price rise in the southern region.]]></description>
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            <title><![CDATA[Property prices go up in Coimbatore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13894</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:50:12 +0530</pubDate>
			<description><![CDATA[The Times of India- The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, which despite the global economic slowdown, registered a steady growth quarter after quarter, as per the residential price index brought out by the National Housing Bank, the government has to develop infrastructure facilities, promote industries and improve water bodies.]]></description>
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            <title><![CDATA[Construction gets major investment share: Assocham]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13893</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:49:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Punjab attracted Rs 4.97 lakh crore investment during the 2011 calendar year, out of Rs 137 lakh crore the country got, a study has revealed. The state, the food bowl of the country, could attract only 3.6% of country&#039;s total investments. The year-on-year growth was just 2% during the period. Releasing a paper titled &quot;Growth Agenda for Punjab,&quot; the Associated Chambers of Commerce and Industry of India said, &quot;There are about 762 live projects and with over Rs 2.47 lakh crore, the real estate sector accounted for a lion&#039;s share of 49.7% of total live investments, followed by services (34.1%), electricity (11.9%) and manufacturing (4.1%).&quot;]]></description>
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            <title><![CDATA[How much can you save with a 25bps cut?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13892</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:48:42 +0530</pubDate>
			<description><![CDATA[The Times of India- Reserve Bank of India&#039;s 50 basis point rate cut will have varying impact on monthly instalments on home, car and personal loans. For home loans, the general rule of thumb - EMIs falling by Rs 17 for every Rs 1 lakh of a home loan with 20-year tenure - will apply. In case of car loans, the average monthly decrease in EMI will be around Rs100 for a Rs 4-lakh loan spread over 36 months. On personal loans, the monthly savings on EMI will be minuscule at around Rs 50-100 for a Rs 3-4 lakh loan spread over 36 months or a total of Rs 1,500-3,600.]]></description>
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            <title><![CDATA[RBI rate cut a boon for affordable housing investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13891</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:48:04 +0530</pubDate>
			<description><![CDATA[The Times of India- The recent move by the Reserve Bank of India (RBI) in its annual Credit Policy has given some hope for investors in the affordable housing segment. This is being seen as a positive development for the overall property market. While investors remain cautious and wait for banks to announce the lowering of interest rates, realtors are optimistic of the scenario, however, hoping that inflation remains under check.]]></description>
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            <title><![CDATA[Mumbai property deals rise by 37 percent in March 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13890</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:47:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Property registrations in Mumbai, the hottest realty market in the country, rose 37% month-on-month in March to 5,776, indicated a report from broking firm Prabhudas Lilladher. On an annual basis too, the registration declined only 1%. During the month, lease transactions rose 5% from a year ago to 10,073. Market experts attributed this jump in sales volume to new launches during the month around Gudi Padwa that is considered an auspicious time for new purchases. With clarity emerging on amended development control rules in January, new launches have started gaining momentum, and this has pushed the sales volume.]]></description>
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            <title><![CDATA[Realty good savings tool for retirement]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13889</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Apr 2012 06:46:47 +0530</pubDate>
			<description><![CDATA[The Times of India- The West is rewriting the phrase &quot;as safe as houses&quot;, considering the drop in real estate values. But in India, real estate continues to make sense as a retirement savings option. Three factors that support real estate as a retirement savings option are: India&#039;s housing shortage, favourable demographics and a tax regime that favours borrowing to buy a house. While this is clearly not an option for a large section of the population because of steep realty prices, it is viable for those with enough savings and good cash flows. A sharp correction in property prices in late &#039;90s and immediately after the Lehman Brothers crisis in 2008 may have raised doubts in the minds of some, but financial planners continue to support real estate as a retirement tool.]]></description>
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            <title><![CDATA[Realty firm gave large amount to tainted official: RR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13888</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:46:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- Arrested deputy collector Nitesh Thakur,who is under investigation in a disproportionate assets case, had received a large sum from real estate firm Shapoorji Pallonji, Home Minister R R Patil told the Assembly on Thursday. He said the police were investigating the reason for which themoneywas paid to the government official. Thakur was arrested in March this year after Anti- Corruption Bureau teams found large stashes of cash, jewellery, luxury cars as well as evidence of large investments in raids on multiple properties owned by him.]]></description>
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            <title><![CDATA[Bombay Dyeing will be asked to stop construction at Prabhadevi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13887</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:45:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra government today said it would ask the Bombay Dyeing Mill in Mumbai&#039;s Prabhadevi area to stop the construction of a commercial complex in the premises, and close the eight looms which are functioning. Labour Minister Hassan Mushrif made the announcement in the Legislative Assembly during the Question Hour, in response to Leader of Opposition Eknath Khadse&#039;s allegation that 63 labourers, who had not taken voluntary retirement, were shown to be employed on these eight looms.]]></description>
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            <title><![CDATA[110 Village flats to be auctioned on May 21]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13886</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:44:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- For all those who wanted to buy a flat in the Commonwealth Games Village, here’s the chance. The Delhi Development Authority (DDA) is going to sell tender documents for auction of its two, three, four and five-bedroom flats from April 26 to May 21. They will first auction 110 units to ascertain the market rates for these flats. The reserve price has been kept at around Rs 16,500 per sq ft. The DDA has around 711 flats with them. “The sale of these documents will take place at Vikas Sadan, INA. While we will receive the documents till 3 pm on May 21, the tenders will be opened by 3.30 pm the same day. Any person who has attained the age of majority can apply.]]></description>
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            <title><![CDATA[Builders Can Avail ECB Only for Low-Cost Housing Projects: Govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13885</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 21 Apr 2012 06:43:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government will allow builders to raise overseas debt only for projects where 90% of the units are for low or middle-income groups, according to a senior official in the ministry of housing and poverty alleviation. The official said these projects will, however, be permitted to have highend apartments or commercial spaces in the remaining area. Apartments under 85 sq metre, or 900 sq ft, of covered area are classified as MIG.]]></description>
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            <title><![CDATA[Property dispute: HC warns parties of causing any delays]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13884</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:42:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Punjab and Haryana High Court has extended the deadline for completing a probe into a property dispute over a house in Sector 8. Justice Surya Kant, on Thursday, gave time to Chief Judicial Magistrate up to May 15 to complete the probe which was to be completed on Thursday. The court has made it clear that the two parties involved in the dispute will not cause any inordinate delay. Keeping in view the “conflicting claims” from the two sides involved in a property dispute over a house in Sector 8, the High Court, last month had directed the Chandigarh Chief Judicial Magistrate (CJM) to hold an inquiry and submit a report within a month.]]></description>
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            <title><![CDATA[Ray of Hope Single-Screen Theatres Find Value as Malls, Apartments, Cinema Halls do a Jump Cut, Turn New &amp; Hot Real Estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13883</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 21 Apr 2012 06:42:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- The sombre story of projectors whirring to a halt at old cinema theatres is taking a heartening turn, with appreciating land prices offering the owners not able to compete with multiplexes a way out of the dark. Abdul Rehman, owner of Bangalore’s Galaxy Theatre, has converted his single-screen theatre to a mall that will sell premium and luxury products. “There was no point running a single-screen theatre. We were losing business to multiplexes,” says Rehman, whose newly-built Embassy Galaxy Mall has 189,762 sq ft of upscale retail space on a 1.1 acre plot.]]></description>
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            <title><![CDATA[Powai housing: Submit revised plan, HC tells Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13882</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:41:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court on Thursday directed developer Niranjan Hiranandani to submit a revised plan for building houses for middle and low-income groups in Powai to the Brihanmumbai Municipal Corporation (BMC). The civic body has been asked to take a decision on the new proposal by June 15. The court also maintained that all construction in the scheme must be for weaker sections as per the tripatrite agreement between the developer, the BMC and the MMRDA. The division bench of Chief Justice Mohit Shah and Justice Roshan Dalvi refused to entertain the developer’s demand that he be allowed to construct 15 per cent commercial construction, as per the prevailing development control regulations. The judges noted that although the DCR has such a provision, no such provision was there in the tripartite agreement, which was signed in 1986.]]></description>
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            <title><![CDATA[Punjab to set up Urban Devp Mission]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13881</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Apr 2012 06:40:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Punjab Government has decided to establish the State Urban Development Mission (SUDM) an overarching body to direct policy and programme formulation for the holistic development in the state for full coverage of all basic amenities, recognizing contextual specificities of all cities. A decision to this effect was taken by Punjab Chief Minister Parkash Singh Badal during a high level meeting of Local Government department held here at his office to review the status of various ongoing development projects.]]></description>
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            <title><![CDATA[Quality, a concern for buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13880</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:38:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- Increasingly, many customers are complaining about defects in the flats allotted to them. Realty market watchers say that when there is a good demand in market and the volume of work is extensive, many realty firms do not mind sacrificing quality. Are builders really quality-conscious? Do they always ensure top-class tiling in bathrooms; install quality sewage pipes and leakproof plumbing? Realty market watchers say that when there is a good demand in market and the volume of work is extensive, many realty firms do not mind sacrificing quality. Therefore, it leads to substandard workmanship.]]></description>
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            <title><![CDATA[Panel to Help Realty Projects Work Faster]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13879</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:37:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government has set up a committee to streamline the approval procedures for real estate projects in the country, a move that will help fast-track projects and cut cost overruns for builders and buyers. The panel, headed by the former chairman of the Competition Commission of India, will help evolve a systematic approach through which all cities can develop a fast track, single-window clearance mechanism for real estate projects.]]></description>
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            <title><![CDATA[Piramal Realty Inks JV Pact with Famous Studios ,Company to develop property; deal worth . 350 crore to include space as share]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13878</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:35:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Ajay Piramal-led Piramal Realty has entered into an agreement with the owners of Famous Studios at Mahalaxmi in South Mumbai for joint development of the property, people familiar with the development said. The transaction for the prime property spread over around one and a half acre just opposite the Mahalaxmi racecourse is expected to be worth about . 350 crore. A large portion of the money will be paid in the form of space in the proposed development.]]></description>
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            <title><![CDATA[Gurgaon witnessing new trend of integrated townships]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13877</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:34:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Even two decades ago, Gurgaon was considered a sleepy village on the outskirts of Delhi. Now it has become the most important satellite city in National Capital Region where modern technology blends with ancient folklore. No wonder, it is common to spot a Mercedes Benz navigating through a bunch of bulls. Gurgaon&#039;s evolution can largely be attributed to Maruti Suzuki setting up a massive car manufacturing facility in 1983 which attracted a whole lot of ancillary units. The compact car not only changed the lifestyle of middle-class Indians but the city&#039;s character too. And then came the IT boom followed by a spurt in real estate activity. Most of Fortune 500 companies have their back-end operation offices in Gurgaon which is billed by many as the Millennium City.]]></description>
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            <title><![CDATA[Economy &amp; Realty at glance for the month of April 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13876</link>
			<source>Moneycontrol</source>
			<pubDate>Fri, 20 Apr 2012 06:34:02 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Healthy office space absorption in 2011-2012 inspite of slow down in GDP, However 2012-13 seems bleak
- Currently, the top seven cities of India that is Mumbai,National Capital Region, Bangalore, Pune,Chennai, Hyderabad and Kolkata together occupy 389 mn sq.ft of Grade-A office space
- During 2010-11, a total of 38 mn sq.ft of new space was constructed in the top seven cities and it was 37 mn sq.ft during 2011-12.
- Office space absorption in India during 2011-12 was merely 2% lower than 2010-11 despite GDP growth slowing down from 8.4% to 6.9% during the same period.]]></description>
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            <title><![CDATA[Why MF houses refrained from launching Real Estate schemes?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13875</link>
			<source>Moneycontrol</source>
			<pubDate>Fri, 20 Apr 2012 06:33:02 +0530</pubDate>
			<description><![CDATA[Moneycontrol- To start any new venture or business, you always seek clarity in many forms. First you need clarity in your thoughts as to what you want to achieve by undertaking such an activity. Then follows the calculation part which helps in assessing the capital required to start the venture or the business. But when you learn that the rules and regulations framed by the Government for that particular venture or business are not very clear and there is a lot ambiguity surrounding the same, your hopes actually crash. Eventually you lose all your interests&#039; in doing that business even though there are some rules in place for the same.]]></description>
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            <title><![CDATA[Bank lending to commercial realty rises by 9% in February]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13874</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:32:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Banks&#039; lending to the commercial real estate sector grew 9% in February 2012 compared to February 2011, as risk-averse fund houses continued to seek a higher rate of return and invest in smaller deals. According to the Reserve Bank of India (RBI) data, banks sanctioned about 1.2 lakh crore in loans to the sector in February 2012 against 1.1 lakh crore in February 2011. The year-on-year growth in January was 12.1%. Banks normally charge an interest rate of 13-16% compared to 20% or higher sought by fund houses, making bank lending attractive for builders seeking funds for project completion and to meet working capital requirement.]]></description>
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            <title><![CDATA[Gurgaon lives up to its reputation as one of best urban locales to work]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13873</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Apr 2012 06:31:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- In the last few months, Gurgaon has got some fairly bad press. The media has taken apart its self-acclaimed status of a global city and brought to the fore a severe lack of civic and security infrastructure here. At the same time, the city does continue live up to its reputation as one of the best urban locales to work and live in the country. In the last one year, this NCR township has scored several brownie points, even though it continues to meet up some basic civic expectations.]]></description>
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            <title><![CDATA[Realty check: Rooms with a queue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13872</link>
			<source>The Times of India</source>
			<pubDate>Fri, 20 Apr 2012 06:30:16 +0530</pubDate>
			<description><![CDATA[The Times of India- During the year 2005-06, Gurgaon was a hotspot for all big and small builders who had promised the &quot; perfect abode&quot; in less than three years&#039; time. However, lack of foresight and a reckless &quot;me-too&quot; attitude by developers led to a large percentage of these projects being delayed for occupancy, say real estate analysts. The developers involved represent a mixed bag of large, established players and new entrants into the NCR residential property fray. Analysts highlight that in many projects, including 10 in the NCR which have been delayed by over six years and involve over 9,000 units, possession is being given in phases which may span over several years.]]></description>
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            <title><![CDATA[Rate cut spells good news for home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13871</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 20 Apr 2012 06:29:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- After 36 months of high interest rate regime, RBI in its annual monetary policy review on April17 slashed repo rate to 8% with a deduction of 50basispoints.Consequently, reverse repo rate(normally fixed at a spread of 100basispointsbelowthereporate) now stands at 7%.This was indeed a much-awaited step by RBI which came after thirteen rate hikes since 2009.]]></description>
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            <title><![CDATA[PNB, ICICI Bank reduce lending, deposit rates ,Other lenders may take a call shortly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13870</link>
			<source>Business Standard</source>
			<pubDate>Fri, 20 Apr 2012 06:28:39 +0530</pubDate>
			<description><![CDATA[Business Standard- There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years. Punjab National Bank, the second largest lender in the country, and ICICI Bank, the largest private sector lender, on Thursday reduced their base rate by 25 basis points (bps) each to 10.5 per cent and 9.75 per cent, respectively. Another large public sector lender, Bank of Baroda, is likely to reduce its base rate by 25 bps to 10.5 per cent.]]></description>
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            <title><![CDATA[Leighton Welspun wins 286-cr Kochi project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13869</link>
			<source>The Times of India</source>
			<pubDate>Thu, 19 Apr 2012 06:18:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Contract construction company Leighton Welspun India has been awarded a project worth Rs 286 crore by Tata Realty and Infrastructure Ltd (TRIL) under the alliance model to develop five new residential towers on prime real estate in Kochi, according to a statement by the company. This follows the successful completion of the Ramanujan IT Park project in Chennai which was developed by TRIL with Leighton Welspun under India&#039;s first major alliance contract in the construction sector.]]></description>
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            <title><![CDATA[Real estate firm under CID scanner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13868</link>
			<source>The Hindu</source>
			<pubDate>Thu, 19 Apr 2012 06:17:37 +0530</pubDate>
			<description><![CDATA[The Hindu- The Crime Investigation Department (CID) is looking into the affairs of Akshaya Gold Farms and Villas Limited that has mobilised deposits allegedly in violation of rules. Members, who invested in the company, tried to ransack its office in the city a few days ago. The provocation was a cheating case registered against the company at Ongole. The company did not obtain permission of the Reserve Bank of India for mobilising deposits but prima facie evidence points to the fact that it collected deposits.]]></description>
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            <title><![CDATA[Home prices to undergo a wave of high appreciation after six months: JLL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13867</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 19 Apr 2012 06:16:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate consultancy Jones Lang Lasalle India (JLL) expects home prices to undergo a of wave of &quot;high appreciation&quot; after six months. Potential home-buyers have a small window of opportunity over the next six months to buy real estate, analysts at JLL said. Stable demand coupled with affordable pricing, waning interest rates and higher absorption rate will enable developers to keep real estate prices firm, analysts said.]]></description>
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            <title><![CDATA[RBI rate cut may not impact realty prices: Experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13866</link>
			<source>The Times of India</source>
			<pubDate>Thu, 19 Apr 2012 06:15:44 +0530</pubDate>
			<description><![CDATA[The Times of India- Sale of flats in Mumbai will continue to remain sluggish even after the Reserve Bank of India on Tuesday reduced by 50 basis points its repo rate. &quot;The interest cut won&#039;t make homes affordable as property prices are already high and are unlikely to come down given the high input costs,&quot; said a property consultant. Developers say they have had to increase property prices by 5% to 10% as the cost of funds has increased along with input costs and other expenses. &quot;If banks pass on the benefit of the interest rate cut to developers, then we may see a saving of Rs 5 crore on interest costs, but it is too small to have an impact,&quot; a developer said.]]></description>
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            <title><![CDATA[Buy a separate cover for home loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13865</link>
			<source>Business Standard</source>
			<pubDate>Thu, 19 Apr 2012 06:14:49 +0530</pubDate>
			<description><![CDATA[Business Standard- Rajkot-based Aakash Varadarajan instantly accepted an offer from his lender to buy insurance for his home loan. He had read about these covers and readily agreed, as he was getting it without any documentation hassles. Like everybody else, he didn’t want the burden to fall on his family if something untoward happened. For a loan of Rs 20 lakh from Axis Bank, Varadarajan was asked to pay Rs 31,630 at one go or under a single-premium insurance plan. These covers are called Mortgage Redemption Schemes. The ones offered by banks fall under a group insurance scheme for borrowers of housing or vehicle loans. Typically, these are single premium term plans or pure life covers. The lender pays the premium to the insurance company as soon as your loan gets sanctioned.]]></description>
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            <title><![CDATA[Bengal urban land policy seeks 30% reservation for low-cost housing , Developers dejected as govt rules out repeal of Urban Land Ceiling Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13864</link>
			<source>Business Standard</source>
			<pubDate>Thu, 19 Apr 2012 06:13:44 +0530</pubDate>
			<description><![CDATA[Business Standard- For, the West Bengal government has now decided to bring in an amendment to the Urban Land (Ceiling and Regulation) Act (ULCA), 1976, an eyesore of developers for quite some time. The proposed alteration will stipulate the developers to reserve 30 per cent apartments in big housing projects for the low-income group (LIG). Industrialists have been seeking a total repeal of the Act, introduced in 1976 to prevent hoarding or excessive holding of land in urban centres.]]></description>
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            <title><![CDATA[ASV forays into residential space with Alexandriea]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13863</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Apr 2012 06:12:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- ASV Constructions, the Ch&shy;ennai-based property de&shy;ve&shy;loper focusing on IT parks and commercial buildings, has now fo&shy;rayed into developing residential space. It has launched a high-end lu&shy;xury residential apartment project Alexandriea on OMR, Chennai’s IT corridor. The project, to come up in an area of over six acre, is located close to the Sholinganallur junction and will offer 374 designer apartments in four towers of 17 floors each.]]></description>
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            <title><![CDATA[Phase III of Satya Villa De launched in Ghaziabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13862</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Apr 2012 06:12:24 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- A north India-based real estate developer, Ascent Buildtech, has launched phase III of its five-acre project, christened as Satya Villa De at Raj Nagar Extension, Ghaziabad. With an investment of about Rs 60-70 crore, the company is expecting a sales realisation of Rs 200-220 crore from the project. The po&shy;ssession for the first phase of the project will be given in mid-2012. The second phase of the project will be completed by first quarter of 2013 and the third and the newest phase is due for completion in first half of 2015.]]></description>
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            <title><![CDATA[Neptune brings affordable houses in Ambivali]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13861</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Apr 2012 06:11:50 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Neptune Group, a company with diverse portfolios in real estate de&shy;velopments, has launched Swar&shy;ajya in Ambivali near Kalyan, a suburb in Mumbai, catering to the affordable segment. Speaking at the project launch, Nayan Bheda, chairman of Neptune Group said, “The apartments for Sector IV launched with an introductory price of Rs 18 lakh onward would cater to the middle class. We have created Swarajya to give residents a sense of attachment and personal environment as they get some good space to live in.”]]></description>
			</item><item>
            <title><![CDATA[Foreign hand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13860</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Apr 2012 06:11:03 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Eco-friendly facilities and disaster management systems, state-of-the-art safety features and world-class landscapes are no longer frills, especially in the luxury home segment. They do not sway homebuyers any longer, and real estate companies are in an eternal search for new features that could help them allure potential buyers. They seem to have found a solution in foreign architects and international design firms. These days, a foreign architect or designer, either from Singapore, Dubai or London, is an added attraction, and it becomes an excellent marketing tool for developers. Realtors believe that customers’ usual doubts over the quality and the structure vanish in thin air the moment they learn about the foreign architect or the international firm that designed the project.]]></description>
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            <title><![CDATA[Emaar can allot CWG flats, DDA tells High Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13859</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 19 Apr 2012 06:09:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi High Court was today informed by DDA that it has issued completion certificate to 30 out of 34 towers in the Commonwealth Games (CWG) Village and Emaar MGF, the firm which built the multi-stories, can allot the flats to the buyers. Appearing for DDA, Additional Solicitor General (ASG) Indira Jaising and counsel Ajay Verma told Justice Hima Kohli that the construction company has also paid Rs 16 crore dues and the conveyance deed was executed today so that the Emaar MGF can now allot 392 flats, which are in its share, to the purchasers after they complete the formalities.]]></description>
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            <title><![CDATA[Prepayment Penalty on Home Loans Goes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13858</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Apr 2012 06:28:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home loan customers will have greater flexibility to switch to banks that offer better rates with the banking regulator having banned lenders from charging a prepayment penalty on floating rate home loans. For over a year, Reserve Bank of India (RBI) persuaded banks to desist from charging a prepayment fee but moral suasion from the central bank was to no avail. On Tuesday, RBI barred banks from charging any fee from a customer who wants to repay an outstanding loan and close the account.]]></description>
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            <title><![CDATA[ICICI Bank, Indiabulls Arms Bid 600 Cr for Parsvnath Plot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13857</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Apr 2012 06:28:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- ICICI Bank’s domestic real estate fund and Indiabulls Real Estate have bid between . 500 crore and . 600 crore for developer Parsvnath’s 1.2-acre plot at Kasturba Gandhi Marg in New Delhi. Sahara, Bhushan Steel and Red Fort Capital had also bid for the centrally-located property earlier.]]></description>
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            <title><![CDATA[CREDAI lauds rate cuts, hopes more ahead]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13856</link>
			<source>Indian Express</source>
			<pubDate>Wed, 18 Apr 2012 06:27:36 +0530</pubDate>
			<description><![CDATA[Indian Express- The Confederation of Real Estate Developers Association of India (CREDAI) has termed the credit rate cut announced by the Reserve Bank of India (RBI) on Tuesday as the right policy step saying the real-estate body hopes to see further rate cuts. Lalit Jain, National President, CREDAI said, “While credit rate cuts are a step in the right direction, we are looking forward to more rate cuts. Expecting home loan rates to come down now based on the Repo and Reverse Repo rate cuts, the industry is waiting to see the outcome of the annual policy statement.”]]></description>
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            <title><![CDATA[Hypercity to be cautious on store expansion plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13855</link>
			<source>Reuters</source>
			<pubDate>Wed, 18 Apr 2012 06:26:59 +0530</pubDate>
			<description><![CDATA[Reuters- Hypercity, the hypermarket arm of retailer Shoppers Stop , is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster. &#039;We would like to have a medium-sized business but it has to be a profitable business. Our idea is not to build huge scale,&#039; Mark Ashman, chief executive of Hypercity, told Reuters. Hypercity contributes 30 percent to the overall consolidated revenue of Shoppers Stop. Most organised food and grocery retailers in India are yet to turn profitable as they operate with high costs and compete on razor-thin margins.]]></description>
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            <title><![CDATA[Builders hail rate cut, hope it will be passed on]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13854</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 18 Apr 2012 06:26:12 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mr Paras Gundecha, President, Maharashtra Chamber of Housing Industry, said commercial banks should cut interest rates so that home loans become affordable. High cost of funding is one of the main causes of rising real estate prices, he said. He also welcomed the RBI decision to scrap pre-closure of loans. It is a welcome development for a stagnating economy as this is expected to spark off fresh investments.]]></description>
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            <title><![CDATA[RBI`s rate cut to benefit realty companies: Knight Frank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13853</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 18 Apr 2012 06:25:34 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The 50 bps reduction announced by the RBI will give a huge sentimental boost to the real estate sector in general and the housing loan segment in particular. Though this rate cut does not affect the fundamentals of the RE market. We have seen a steady off-take in housing loans despite the high interest rates and real estate prices. This cut will only give it an extra fillip. However the larger impetus will come from the other measures. At present, UCBs are permitted to assume aggregate exposure on real estate, commercial real estate and housing loans up to a maximum of 10% of their total assets with an additional limit of 5% of their total assets for housing loans up to Rs 1.5 million.]]></description>
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            <title><![CDATA[Realty industry welcomes RBI rate cut, sees benefit for all]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13852</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Apr 2012 06:24:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- The interest rate sensitive realty industry on Tuesday welcomed the Reserve Bank of India&#039;s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders&#039; and home loan customers&#039; sentiments alike. &quot;For the real estate in particular, this is indeed a welcome step by RBI. While the sector was already reeling under the pressures of high interest rates, this will allow banks to lower down the interest rates significantly. Both buyers and developers shall get benefitted from this,&quot; said Pradeep Jain, chairman, Confederation of Real Estate Developers&#039; Association of India ( CREDAI).]]></description>
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            <title><![CDATA[Lack of transparency in selection of Lavasa project: CAG]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13851</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Apr 2012 06:24:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Observing that the project nods were given without environmental and Cabinet approvals, the Comptroller &amp; Auditor General (CAG) has rapped the Maharashtra government for &quot;total lack of transparency&quot; in the selection of the Lavasa hill station project in Pune district. &quot;We have brought out total lack of transparency in selection of the project proponent. Granting of SPA( special planning authority) status to Lavasa Corporation Limited (LCL) without any control by the Government left scope for irregularities, perceived conflict of interest and violation of environmental laws,&quot; it said.]]></description>
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            <title><![CDATA[Adarsh land belongs to state not Army: Judicial Commission]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13850</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Apr 2012 06:23:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a big relief for Maharashtra government, the judicial commission probing the Adarsh housing scam has said the land on which the controversial skyscraper stands belongs to the state and not the Ministry of Defence (MoD) and that it was not reserved for Kargil war widows. The interim report of the two-member panel headed by former High Court Judge J A Patil, which was tabled in the state assembly today by Chief Minister Prithviraj Chavan, has said MoD has failed to prove its ownership of the land.]]></description>
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            <title><![CDATA[From heaven to living hell: Traders, residents lament CP’s fall from glory]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13849</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Apr 2012 06:22:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Eighty-year-old B G Khullar stands near H-block in Connaught Place waiting for someone to help him get to the Middle Circle where he lives. At his age, walking in itself is an effort. But now, he has to navigate through uneven roads and dug-up pathways to reach home after completing his daily chores.]]></description>
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            <title><![CDATA[Lack of civic sense, maintenance have stained Connaught Place facades]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13848</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Apr 2012 06:21:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- The white-washed facades in Connaught Place have already lost their sheen a year-and-a-half after the restoration work was carried out in the area. The paan-stained facades have turned black and are also chipping-off in some areas. According to NDMC officials, the company carrying out the work there, EIL, “is responsible for maintenance of this area for five years”.]]></description>
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            <title><![CDATA[Rate cut impact: Home sales may finally move up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13847</link>
			<source>Business Standard</source>
			<pubDate>Wed, 18 Apr 2012 06:20:51 +0530</pubDate>
			<description><![CDATA[Business Standard- Home sales, on a declining path for many quarters in key markets such as the National Capital Region (NCR) and Mumbai, are expected to get a boost after the central bank cut repo rates by 50 basis points. However, property prices are unlikely to move down, say property companies and consultants.]]></description>
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            <title><![CDATA[MC keen to develop residential complex at Manimajra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13846</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Apr 2012 06:20:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Municipal Corporation (MC) is contemplating the development of a residential complex at Manimajra. For the purpose, an area measuring around 6 acres would be provided with basic civic amenities. Thereafter, a decision would be taken on whether plots are to be auctioned or a group housing project started. The area to be developed - called Pocket 6 - is behind the showrooms at the NAC market near the Housing Board light point.]]></description>
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            <title><![CDATA[Subdued office space demand in Q1 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13845</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 17 Apr 2012 06:36:35 +0530</pubDate>
			<description><![CDATA[Moneycontrol- In the latest office market report from real estate consultancy Cushman and Wakefield, the first quarter of the 2012, noted absorption across top eight cities at 7.0 million sq.ft. registering a decline of 32% over last quarter and 6% over the same period last year. Mumbai, Kolkata, and Ahmedabad were the only markets showing a rise in absorption at 35%, 33.7% and 5.6% respectively. In contrast to declining absorption levels there was a rise by 140% in pre-commitments compared to the previous quarter and by 41% compared to the same quarter last year.]]></description>
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            <title><![CDATA[Leela Promoters to Pump in 150 Crore for CDR Process]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13844</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Apr 2012 06:35:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- The promoters of luxury hotels group Leela will pump in . 150 crore into the company through a preferential allotment, as part of its corporate debt-restructuring package. The Nair family, which holds 57% of the company, Hotel Leelaventure, at present, will thereby increase its shareholding to 63% after the CDR process. “The CDR cell will meet at the end of April where the restructuring is expected to be approved. The promoters are required to bring in a certain percentage of the CDR package,” said a source in the company, who did not wish to be named.]]></description>
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            <title><![CDATA[A&#039;bad office absorption up by 6% in Q1 2012 ,Among top three to register growth after Mumbai and Kolkata]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13843</link>
			<source>Business Standard</source>
			<pubDate>Tue, 17 Apr 2012 06:34:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Driven by small and medium enterprises in engineering and pharmaceutical sectors, the commercial office space in Ahmedabad saw its absorption going up by six per cent in the first quarter of 2012. After Mumbai (35 per cent) and Kolkata (33.7 per cent), Ahmedabad was the only market to show a rise in office space absorption, according to the latest office market report by real estate consultancy Cushman &amp; Wakefield.]]></description>
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            <title><![CDATA[Should an infrastructure project propel you to buy a house?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13842</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Apr 2012 06:34:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- In 2007, the central government approved a plan to build an international airport at Navi Mumbai. A savvy Pervinder Singh Sidhu, 36, quickly snapped up a house in the area just a few days after the announcement. It was a wise move as property prices have been skyrocketing since then. &quot;Just a week after I bought the flat, the price rose by around Rs 500 per sq ft. In the past five years, the value of my house has increased nearly 400%,&quot; says the marketing executive at a shipping firm. Though work on the airport is yet to begin, property buyers have already made huge profits on their investments.]]></description>
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            <title><![CDATA[Indian shoppers par with global, but malls still behind times]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13841</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 17 Apr 2012 06:33:28 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Indian malls are behind global standards by at least 10 years but the Indian consumer is on par with the global shopper. This throws up quite a few challenges for shopping centres in terms of equipping talent in mall management, says Prof Chris Cloete, a South Africa-based shopping centre expert. Prof Cloete has developed all the training courses of the South Africa Council of Shopping Centers for shopping centre managers. More than 5,000 professionals have been trained at his workshops.]]></description>
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            <title><![CDATA[Bharat Hotels to operate under &#039;Lalit&#039; brand in London]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13840</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Apr 2012 06:32:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- Bharat Hotels, which runs the Lalit brand of hotels and resorts in India, has acquired a 70-room property in London that will be operational in three years. The building, which was an academic institute earlier, is being renovated by the company.]]></description>
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            <title><![CDATA[Hotel industry to be constrained in near term: study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13839</link>
			<source>Business Standard</source>
			<pubDate>Tue, 17 Apr 2012 06:31:57 +0530</pubDate>
			<description><![CDATA[Business Standard- With around 3,620 new hotel rooms in the branded segment expected to be operational over the next three years, the hospitality industry in Chennai is expected to be constrained in the near term, though the adverse impact is expected to be short-lived, according to a study from real estate services firm Jones Lang Lasalle, India (JLL). Chennai, at present, has 29 branded hotels with 4,656 rooms across different categories. According to the Hotel Intelligence Report from Jones Lang LaSalle Hotels, India, released in April, 2012, around 17 hotels with an inventory of 3,620 rooms in the branded segment are under construction. Besides, an inventory of almost 2,500 rooms are presently in their various stages of planning and are expected to be operational in the next 5-7 years.]]></description>
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            <title><![CDATA[Parsvnath to sell 1.18 acre land in CP; appoints JLL as advisor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13838</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Apr 2012 06:31:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm Parsvnath Developers today said the sale process of its 1.18 acre of land near Connaught Place in the national capital is under progress and the company has appointed Jones Lang LaSalle India to advise on this deal. In a filing to the BSE, Parsvnath said building plans for the development and construction has already been approved by the concerned authorities.]]></description>
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            <title><![CDATA[Office space absorption rate in top 8 cities down 32%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13837</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Apr 2012 06:30:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Top eight Indian cities witnessed a decline of 32 per cent in absorption of office spaces during the January-March period this year, compared to the previous quarter, realty consultant Cushman &amp; Wakefield said today. In its report, the global consultant Cushman &amp; Wakefield (C&amp;W) said Mumbai, Kolkata and Ahmedabad were the only markets that showed increase in absorption rate.]]></description>
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            <title><![CDATA[FinMin plans stake sale in HUDCO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13836</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Apr 2012 06:29:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- In line with its plans to encourage listing among public sector firms, the finance ministry is looking at the possibility of disinvesting stake in state-owned Housing and Urban Development Corporation Ltd (HUDCO). The department of disinvestment is in talks with the ministry of housing and urban poverty alleviation, which is the nodal ministry for the PSU, on a proposal to sell 10 per cent of the government equity in the firm.]]></description>
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            <title><![CDATA[A city in transition ,PUNE REDISCOVERED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13835</link>
			<source>Deccan Herald</source>
			<pubDate>Mon, 16 Apr 2012 06:30:34 +0530</pubDate>
			<description><![CDATA[Deccan Herald- Pune is not the place it once was. Over the years, it has welcomed change with open arms. However, the city has retained its old-world charm and the quaint characteristics of the Maratha days, making every Punekar proud. Sudarshan Purohit captures the essence of the diverse city. Pune, Queen of the Deccan. Years ago, the British would retire from the heat and dust of Bombay to the pleasant climes of this small town amidst the Sahyadris. They set up their army cantonment to the north-east of the old town in 1817, renamed the place ‘Poona’, invented a game that was initially called Poona (and later renamed Badminton), set up a rail link between Bombay and Poona so they could get there faster, and probably thought they’d finally ‘civilised’ it.]]></description>
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            <title><![CDATA[Intelligence platform to launch vertical]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13834</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 16 Apr 2012 06:29:43 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- For just Rs 10,000, you can get details of a real estate project — including information the developer won&#039;t share with you. Real estate intelligence platform PropEquity has said it will shortly be launching a B2C vertical to cater exclusively to consumers who want to invest in the real estate sector.]]></description>
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            <title><![CDATA[Hotel Leela Venture: Huge land bank could help retire debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13833</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 16 Apr 2012 06:28:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- Reports about the Rs 3,000-crore debt restructuring proposal of Hotel Leela Venture hitting a wall highlights the contrasting fortunes of one of the premium hospitality fir-ms in the industry and its pee-rs such as Indian Hotels Company and East India Hotels. A key problem the company has been grappling with for a long time is its high debt. On a consolidated level, it had a debt of 3,800 crore at the end of FY11. For the six-month period ended September, 2011, considering the stand-alone level of operations, debt rose to Rs 4,295 crore. Also during the period, the debt-to-equity ratio, on a standalone basis, was 2.15, against 0.72 for Indian Hotels Company and 0.15 for EIH.]]></description>
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            <title><![CDATA[Sahara, ICICI, Bhushan Steel in fray to buy Parsvnath&#039;s Connaught Place land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13832</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 16 Apr 2012 06:27:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers&#039; 1.18 acre of prime commercial land near Connaught Place in the National Capital. In January, Parsvnath had announced plans to monetise the KG Marg land, which it had bought for Rs 200 crore in 2008.]]></description>
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            <title><![CDATA[I don&#039;t want to bite more than I can chew: Darshan Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13831</link>
			<source>Business Standard</source>
			<pubDate>Mon, 16 Apr 2012 06:26:50 +0530</pubDate>
			<description><![CDATA[Business Standard- Darshan Hiranandani, 30, managing director of the Hiranandani Group of companies and son of patriarch Niranjan,spearheaded the realty group’s foray into Dubai and, more recently, its entry into the power sector. There’s also a dispute between his father and him on one side and his sister, Priya Vandrevala, over control of some of the family’s projects in the country.]]></description>
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            <title><![CDATA[Escrow services for real estate transactions still to gain popularity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13830</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 16 Apr 2012 06:26:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- In an industry where every year $2.5 billion, or about 13,000 crore, worth of institutional real estate transactions are completed, the value of disputed transactions alone since 2006 adds up to $3 billion, says real estate consultant Knight Frank. Typically, the stakes in such realty deals, which also include foreign private equity money and large institutions, are so high that both parties - the buyer and the seller - cannot afford for transactions to stall due to last minute hitches. Hence, the need for escrow services.]]></description>
			</item><item>
            <title><![CDATA[Real estate mutual funds yet to take off]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13829</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 16 Apr 2012 06:25:15 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- In spite of permission from the regulator, no fund house has come forward to launch a real estate fund. Mutual fund houses in the country have so far not evinced interest in launching real estate mutual funds though regulations have been in place since 2008 by the Securities and Exchange Board of India.]]></description>
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            <title><![CDATA[Equinox Realty to invest Rs 600cr on housing project in B&#039;lore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13828</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Apr 2012 06:24:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Essar Group real estate company Equinox Realty will invest about Rs 600 crore on construction of its first housing project in Bangalore. The company, which forayed into the realty sector in 2007, has appointed construction major L&amp;T to build its housing project &#039;Water&#039;s Edge&#039; spread over 8 acres of land.]]></description>
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            <title><![CDATA[Mumbai rentals to be dearer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13827</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Apr 2012 06:23:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a move that would impact existing tenants and migrants moving into Maharashtra, the state government has proposed a hike in stamp duty on Leave and Licence Agreements (LLAs). The state’s move, if implemented, could potentially increase the cost of renting a property in Mumbai, Pune and the tier-II cities and may end up as a good example for other states on what not to do.]]></description>
			</item><item>
            <title><![CDATA[City set to get mega cultural multiplex]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13826</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:24:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi’s infrastructure has been the envy of others. But in one respect the capital has lacked what cities like Mumbai already have – a grand space for theatre and other performing arts. That will soon change, with Delhi set to get a world-class cultural multiplex of its own. The government is working on a proposal for setting up a National Centre of Performing Arts in the capital. The Rs 300-crore complex will have auditoria and performance spaces of varying sizes, where world-class theatre and performing arts productions can be staged.]]></description>
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            <title><![CDATA[INTEGRATED TOWNSHIPS ON EXPRESSWAY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13825</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:23:41 +0530</pubDate>
			<description><![CDATA[The Times of India- A numbers of integrated townships have been launched on the Noida-Greater Noida Expressway. Keeping the price escalation in mind, it is the right time to invest in this fast developing, non-stop expressway zone. Looking at the advantages of the expressway, many well-known builders like Jaypee, Orris Infrastructure, Supertech, Antriksh, Logix, Ajnara, Gulshan Homz, AMR Infrastructure, etc, have come up with integrated townships amidst the green surroundings.]]></description>
			</item><item>
            <title><![CDATA[WORK TO RESUME AT NOIDA EXTENSION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13824</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:22:40 +0530</pubDate>
			<description><![CDATA[The Times of India- The uncertainty over completion of projects launched in Noida Extension is lifting, as the Greater Noida authority is planning to re-schedule developmental work in and around Noida Extension. Encouraged by positive indications from the NCR Planning Board to go ahead with the Master Plan 2021, the Greater Noida authority is planning to re-schedule developmental work in and around Noida Extension.]]></description>
			</item><item>
            <title><![CDATA[DO CUSTOMERS PREFER READY-TO-OCCUPY FLATS?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13823</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:21:30 +0530</pubDate>
			<description><![CDATA[The Times of India- There is a debate in the realty-market circles - do serious buyers prefer ready-to-occupy flats?     Are serious buyers in realty market keen on ready-tooccupy flats or are they OK with projects where they have to wait for months or years to get their dream homes? The ready-to-occupy apartments are exorbitantly priced, taking into consideration the budgets of the average middle-class segment - and this is the segment which continues to be Indian real estate&#039;s primary driver. The middle-class segment of the emerging market cities is burgeoning. If figures talk, approximately 460 million people in the emerging market cities will enter the middle class between 2012 and 2015. It&#039;s a buoyant situation.]]></description>
			</item><item>
            <title><![CDATA[INDIRAPURAM GIVES A HOMELY LOOK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13822</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:19:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Close to NH-24 and across the river Hindon, Indirapuram, also known as New Ghaziabad, offers immense opportunities for homebuyer to grab a house of their choice. It not only provides facilities for current needs but is also a good option for people looking at long-term investment.]]></description>
			</item><item>
            <title><![CDATA[LEASE SECOND HOMES FOR CORPORATE HOUSING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13821</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:19:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Have an apartment in the suburbs of Noida or Gurgaon and don’t know what to do with it? Lease it out for corporate housing, outsource your headache of maintenance to an organized player and get regular rental returns. For the corporates, serviced apartments are a way to effective cost control. Gurgaon-based real estate consultant Rajat Mahajan says: &quot;There are many people and corporates operating the serviced apartments - these are &#039;no frill, budget accommodations&#039; and suit corporates, which have a large employee base and operate from multiple locations and require their employees to stay for longer periods at these multiple locations.]]></description>
			</item><item>
            <title><![CDATA[NEW GURGAON IS DESTINATION NEXT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13820</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Apr 2012 07:17:24 +0530</pubDate>
			<description><![CDATA[The Times of India- The prices of apartments on Golf Course Road and Golf Course Road Extension have risen to such levels that they are now beyond the reach of the average middle class, which can even invest up to Rs 60 lakh to buy a two-bedroom house. Experts agree that the location of New Gurgaon is close to Delhi, as against other developing locations of Gurgaon like Sohna Road, Golf Course Road and Golf Course Road Extension. A recent study by ICICI Home Finance Company shows that prices in different parts of the Gurgaon residential markets are each driven by different dynamics.]]></description>
			</item><item>
            <title><![CDATA[Indian realty growing big]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13819</link>
			<source>Indian Express</source>
			<pubDate>Sat, 14 Apr 2012 07:16:23 +0530</pubDate>
			<description><![CDATA[Indian Express- The real estate industry is expected to reach US $180 billion by 2020, said analysts and industry experts at a seminar organised in the city. As part of the Management Development programme, the students of the Acharya Bangalore B School attended a three-day seminar on Real Estate Management that started on Thursday. Realtors and analysts from the field also attended the seminar to provide the students with future prospects and various professional options.]]></description>
			</item><item>
            <title><![CDATA[Godrej Properties announces redevelopment project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13818</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 14 Apr 2012 07:15:18 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, has, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL), entered into a Development Management Agreement with R.R. Builders to redevelop a MHADA property in Byculla, Mumbai. GPDPL will act as development manager and will be responsible for the conceptualization, design, sales, and marketing of the project in Byculla, Mumbai.]]></description>
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            <title><![CDATA[State looks to municipal chief to protect flat buyers&#039; interests]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13817</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 14 Apr 2012 07:14:10 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Municipal commissioner Subodh Kumar may lead the state government’s housing regulatory commission to protect buyers’ interests and control malpractices in the field. The housing regulatory bill was introduced in the state assembly session on Wednesday. It is likely to be tabled for discussion on April 16 and subsequently, passed by the end of this session. Mantralaya sources said that chief minister Prithviraj Chavan has narrowed down on Kumar’s name as the commission’s chairman. Kumar’s three-month extension as BMC chief will end with this month.]]></description>
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            <title><![CDATA[India to soon permit FDI flow from Pakistan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13816</link>
			<source>Business Standard</source>
			<pubDate>Sat, 14 Apr 2012 07:12:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Signalling further improvement in its relation with Pakistan, India on Friday said it would allow a flow of foreign direct investment (FDI) from that country soon. Trade relations between India and Pakistan have seen significant improvement in recent months, with Pakistan introducing the negative list of imports from India and both countries working on simpler business visa rules.]]></description>
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            <title><![CDATA[LIC Housing plans to borrow Rs 25,000 cr , Most of these funds will be raised through bonds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13815</link>
			<source>Business Standard</source>
			<pubDate>Sat, 14 Apr 2012 07:11:30 +0530</pubDate>
			<description><![CDATA[Business Standard- LIC Housing Finance, a subsidiary of state-run insurance giant LIC, is planning to borrow around Rs 25,000 crore in the current financial year, which is about 13.5% higher than FY12. The housing finance firm raises money from banks and also from markets by issuing bonds. The ratio of money raised through bonds is around 65% of the total fund raised by the company.]]></description>
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            <title><![CDATA[Protest mars GLADA encroachment drive]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13814</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Apr 2012 07:10:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- An anti-encroachment drive by the Greater Ludhiana Area Development Authority (GLADA) turned out to be a damp squib when the team had to face the ire of property dealers on Dhandra road on Thursday. The property dealers stopped the JCB machine of the team and raised slogans. They said because of the continuous action of GLADA against illegal colonies, their business had come to a standstill. They demanded some relaxations in the norms of raising colonies.]]></description>
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            <title><![CDATA[Allottees for DDA 2010 scheme to wait till end of year for possession]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13813</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Apr 2012 07:09:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Over 650 allottees of the DDA Housing Scheme, 2010, who were allotted flats in Ganga Block of the Vasant Kunj complex and some blocks in Dwarka Sector-18, might have to wait till the end of this year to get possession. The Delhi Development Authority claims that completion of these flats will take another six months, and the demand-cum-allotment letters will be issued thereafter. The letters for the rest of the flats have reportedly been issued, but possession of those flats will also take another three to four months, claimed officials.]]></description>
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            <title><![CDATA[5-star hotels on Expressway]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13812</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Apr 2012 06:27:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- The success of Formula 1 event, held for the first time in India in Greater Noida, has brought attention to Noida-Greater Noida Expressway, which is set to gain a chain of top-end hotels. Recently, Starwood, a US-based hotel chain, which was looking for a site for its ultra-luxury brand, St Regis, has ended its search in Noida. If things go according to plan, Noida-Greater Noida Expressway will see St Regis property with 200 rooms by 2015. The hotel is also planning to set shop in Mumbai and Goa. There are 27 St Regis Hotels around the world.]]></description>
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            <title><![CDATA[70% of buildings in east Delhi quake-prone]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13811</link>
			<source>The Times of India</source>
			<pubDate>Fri, 13 Apr 2012 06:27:01 +0530</pubDate>
			<description><![CDATA[The Times of India- An estimated 70% of buildings in east Delhi are prone to damage in an earthquake, lieutenant governor Tejendra Khanna said on Thursday. “The buildings should be identified and retrofitted on a priority basis. Buildings where retrofitting is not possible should be rebuilt,” Khanna said at a seminar on reducing earthquake risks.]]></description>
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            <title><![CDATA[Yamuna Expressway to open this month]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13810</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Apr 2012 06:25:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Yamuna Expressway, the rapid-transit corridor between Delhi and Agra, will become operational this month. ET Realty writes how this project will transform the region into a hyper-growth zone. Yamuna Expressway, the rapidtransit corridor between Delhi and Agra, will be operational soon, as the new government in Uttar Pradesh has shown it the green flag. It was originally scheduled to be operational by December 2011.]]></description>
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            <title><![CDATA[Who cares for water harvesting?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13809</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Apr 2012 06:24:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Who is to be blamed for water scarcity during summer months? Are the developers making necessary arrangements for rainwater harvesting? These are very important questions and deserve serious answers. The sweltering summer is back and, now, one can feel the heat, quite literally. Also, it is a truism that people in big cities and metros suffer due to water scarcity. All this, when it has been drilled into our collective consciousness that we can fight water shortage if necessary arrangements for rainwater harvesting are in place.]]></description>
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            <title><![CDATA[Is the Property Market Headed for a Hard Landing?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13808</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Apr 2012 06:23:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- The residential property market in India, particularly in the Tier I cities, has remained sluggish for the past 12 months, with significantly lower sale volumes when compared to the high absorption rates of 2010. Home loan interest rates now seem to be at their cyclical highs (but should soon decline) and unforeseen tax levies have come at a time when the industry is facing its moment of reckoning.]]></description>
			</item><item>
            <title><![CDATA[DDA Likely to Raise FSI for Hotels , Body’s move would help many Delhi hotels add a number of rooms to their existing capacity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13807</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Apr 2012 06:22:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Delhi Development Authority (DDA) is considering a proposal to increase the floor space index for hotels in Delhi to three, which would help many hotels to add a number of rooms to their existing capacity. DDA had earlier increased the FSI for hotels in Delhi from 1.5 to 2.25 in 2008 to help add more rooms in anticipation of the rush of tourists for the Commonwealth Games.]]></description>
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            <title><![CDATA[Builders blame sluggish market for overshooting deadlines]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13806</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 13 Apr 2012 06:20:00 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Confirming that many projects were late by six months to over three years, managing director Pankaj Kapoor of Liases Foras, a real-estate research firm, said 65% of the 4,091 projects launched over the last three years have been deferred. Kapoor revealed that instead of spending the initial booking amount on the building’s construction, most builders use it to buy chunks of land.]]></description>
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            <title><![CDATA[‘Housing Bill will aid corrupt practices&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13805</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 13 Apr 2012 06:18:54 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Maharashtra Housing Regulatory Bill could bring in ‘corrupt&#039; practices and ‘unnecessary&#039; interference in real estate business, said Mr Lalit Kumar Jain, National President, Confederation of Real Estate Developers&#039; Associations of India (CREDAI). The Maharashtra Government presented the Bill in the Assembly on Wednesday.]]></description>
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            <title><![CDATA[Loopholes plague housing bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13804</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 13 Apr 2012 06:18:07 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The Real Estate Regulatory Authority Bill, which was introduced in the legislative assembly today, has several loopholes that need to be ironed out. However, these lacunae can be amended in ongoing assembly session before it is passed. Ramesh Prabhu, chairman of the Maharashtra Societies’ Welfare Association, said, “It is neither in favour of buyers or developers. It has several lacunae that need attention.”]]></description>
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            <title><![CDATA[HNIs Prefer Safety of Bonds to Risk of Realty , Investors park money earned from property deals in capital gains bonds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13803</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 12 Apr 2012 06:41:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Several affluent investors who made a killing from properties last year are parking the gains in tax-saving bonds rather than reinvesting in second homes or land. State-owned institutions REC and NHAI, which issue capital gains bonds - better known as 54EC bonds - have sold papers worth 7,700 crore to high net-worth individuals. These well-heeled investors prefer low interest returns on these bonds to illiquid assets like properties.]]></description>
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            <title><![CDATA[Policy uncertainty, procedural snags hit FDI inflows: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13802</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 12 Apr 2012 06:41:00 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Policy uncertainty and the time taken to meet various procedural requirements are causing a slowdown in foreign direct investment inflows to India, according to a RBI study. The abovementioned factors have dampened investor sentiments. The slowdown in FDI comes despite robustness of macroeconomic variables, said the study.]]></description>
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            <title><![CDATA[Alternative Investment Funds may shun bourses , Lack of interest from limited partners and poor liquidity seen as major drawbacks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13801</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Apr 2012 06:39:35 +0530</pubDate>
			<description><![CDATA[Business Standard- The Securities and Exchange Board of India’s (Sebi) decision to allow Alternative Investment Funds (AIFs) to list their units on stock exchanges is likely to receive a tepid response. Sebi’s new AIF regulations, replacing the present norms governing venture capital funds (VCFs), will also govern private equity funds, real estate funds and hedge funds, among others. The new norms will allow listing of AIF units on exchanges, subject to a minimum tradable lot of Rs 1 crore. However, AIFs will not be allowed to raise funds through the stock exchange mechanism.]]></description>
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            <title><![CDATA[Unitech comes up with Gardens Galleria]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13800</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Apr 2012 06:38:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Unitech, one of the India’s leading integrated developer of large-scale real estate projects, has launched Gardens Galleria in Noida. It is part of Unitech’s existing 147 acres entertainment-cum-retail destination in Noida. Gardens Galleria, designed by US-based firm Callihon, is spread over 8.36 acres, is strategically positioned adjacent to sector -18, Noida and Film City. It is minutes away from ITO, East Delhi, South Delhi, and Noida Expressway. The project is in the midst of established residential areas, offices, colleges and other commercial towers.]]></description>
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            <title><![CDATA[Walmart may enter online retail in India , The retail giant tries to strengthen its e-commerce presence, sensing competition globally]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13799</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Apr 2012 06:37:59 +0530</pubDate>
			<description><![CDATA[Business Standard- American retail giant Walmart is learnt to be actively exploring the online space in India. It was in talks with some leading e-commerce companies in India for partnership possibilities, sources close to the development said. Walmart, however, said the information as “completely speculative”. The world’s largest retail company, with global revenue of $400 billion, is currently trying to strengthen its e-commerce operations in the US and other international markets, sensing competition from online competitors, including Amazon. In recent months, Walmart has been acquiring web-related companies internationally, including in China.]]></description>
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            <title><![CDATA[PE Fund Region Holdings to invest $150 million]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13798</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 12 Apr 2012 06:37:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- PE fund Region Holdings aims to invest up to $150 million ( 750 crore) across four industry sectors that are expected to gain from India&#039;s rapid urbanisation. The US-based fund has shortlisted four key sectors - real estate, construction, technology and financial services - and has already made its first investments, co-chairman Satish Vankayalapati said.]]></description>
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            <title><![CDATA[HNIs can look at startup firms as good investment options]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13797</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Apr 2012 06:36:26 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Income levels of individuals in our country have increased, and so has the risk-taking ability of the middle class. They have now started investing in riskier products like equities, knowing very well that the markets can deliver superior returns over a period of time. A large part of the credit for this transformation goes to the financial planners. Financial planners now-a-days are seriously focusing towards self skill development and have started giving need-based advice. The focus on asset allocation also depends on the hierarchy of needs of an investor. These needs are adding up, particularly in the middle and top-end of the hierarchy who are ready to venture into other asset classes also.]]></description>
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            <title><![CDATA[Surat&#039;s realty registers 100% growth growth in 2 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13796</link>
			<source>The Times of India</source>
			<pubDate>Thu, 12 Apr 2012 06:35:34 +0530</pubDate>
			<description><![CDATA[The Times of India- Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang Lasalle (JLL) India, said, &quot;In cities like Surat, the growth is directly related to increased income of people. High income has also spawned more nuclear families.&quot;]]></description>
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            <title><![CDATA[Lavasa plays infra card to get RBI leeway on debt recast , Central bank meets bankers to discuss possible dispensation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13795</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Apr 2012 06:34:42 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) on Wednesday met various bankers to discuss the debt recast of Lavasa Corporation, which has now turned non-performing for them. On their part, the bankers made a request to the regulator for a special dispensation in terms of lower provisioning even after the debt recast. For the record, banks can restructure a loan and continue to treat the account as performing, but then the standard asset provisioning requirement would go up five times. While normal loans madate a 0.4 per cent provisioning on standard asset, a restructuring would imply that the provisioning requirement rises to two per cent.]]></description>
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            <title><![CDATA[New Gurgaon private metro to be IL&amp;FS baby ,DLF not investing completion by mid-2013]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13794</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Apr 2012 06:33:45 +0530</pubDate>
			<description><![CDATA[Business Standard- The rapid metro rail service for Gurgaon, conceived as a joint venture project of DLF and IL&amp;FS, is set to become functional from mid-2013. It is to be fully funded by IL&amp;FS, with DLF not investing, both companies have confirmed. IL&amp;FS is interested in establishing a privately-run metro model in cities through the country, besides extending the 6.1-km stretch being built in Gurgaon by 14-15 km. The project was launched in mid-2009 and was expected to be completed in 30 months, but got delayed due to state government interventions. The cost has risen from the initial projection of Rs 900 crore to Rs 1,088 crore.]]></description>
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            <title><![CDATA[Mumbai is the world&#039;s least affordable home market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13793</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 12 Apr 2012 06:32:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- The average Indian would need to work for three centuries to pay for a luxury home in Mumbai, making that city the least affordable in the world for locals, according to an analysis of real estate and wages. Bloomberg research shows a 100-square-metre luxury residence in Mumbai costs about $US1.14 million, or 308 times the average annual income in India, based on calculations from a housing index compiled using 63 markets by Knight Frank LLP and income estimates of the US Central Intelligence Agency for purchasing-power parity in 2011.]]></description>
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            <title><![CDATA[Housing scam? Notice against Sandeep Dixit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13792</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 12 Apr 2012 06:32:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- Madhya Pradesh High Court has issued show-cause notices to six legislators, including BJP MP from Indore Sumitra Mahajan and Congress MP from East Delhi Sandeep Dixit, for allegedly furnishing wrong information to get a house under the MP Housing Board&#039;s schemes. The notices, as to why they should not be made respondents, were issued by the division bench of Justices Sushil Harkouli and Alok Aradhe on the petition filed by former Director Generals of Police (DGP) Arun Gurtoo and Upendra Varma today.]]></description>
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            <title><![CDATA[Land up in trouble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13791</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Apr 2012 06:31:40 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Property developers no longer swear by their land banks. Land, a scarce commodity and increasingly short in supply, is proving to be a severe operational headache for real estate companies. As demand for land increases, its price goes northwards, barring, of course, some aberrations. The companies that are already battling the evils of high interest rates, liquidity crunch and spiralling cost of construction materials as well as shortage in labour, have to live with another unpleasant situation in several cities — increasing land cost.]]></description>
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            <title><![CDATA[Maharashtra Housing Bill tabled]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13790</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 12 Apr 2012 06:30:54 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Maharashtra Housing (Regulation and Development) Bill, which was introduced in the Legislative Assembly today, aims at protecting the interest of flat buyers and usher in transparency and discipline in transaction of flats by putting a check on malpractices. It also proposes to repeal the Maharashtra Ownership Flats Act and establish Housing regulatory authority and Housing Appellate Tribunal for ensuring effective implementation of the law.]]></description>
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            <title><![CDATA[Confused Nashik Municipal Corporation puts on hold housing projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13789</link>
			<source>The Times of India</source>
			<pubDate>Wed, 11 Apr 2012 06:44:52 +0530</pubDate>
			<description><![CDATA[The Times of India- Nashik Municipal Corporation&#039;s town planning department has put on hold over 100 residential projects in the city as it is awaiting detailed guidelines from the state government on the resolution that 20% should be reserved for weaker sections in housing projects that are coming up in 2,000 sq mt. The government had issued a resolution on January 18 but it did not specify any details creating confusion among officials, builders and developers.]]></description>
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            <title><![CDATA[Sebi&#039;s new diktat derails private equity&#039;s fund-raising plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13788</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 11 Apr 2012 06:43:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity fund-raising has hit a regulatory hurdle with the Securities and Exchange Board of India (Sebi) directing alternative investment funds (AIFs) to stop raising money till they register again with it. More than a dozen private equity firms and real estate-focussed funds are in the midst of raising capital of over Rs 26,000 crore, according to Chennai-based researcher Venture Intelligence. Last week, Sebi revamped AIF rules, saying PE firms &quot;shall not raise any fresh funds after notification of these regulations except commitments already made by investors as on date of the notification&quot;.]]></description>
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            <title><![CDATA[Lavasa turns into a bad dream for banks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13787</link>
			<source>Business Standard</source>
			<pubDate>Wed, 11 Apr 2012 06:42:49 +0530</pubDate>
			<description><![CDATA[Business Standard- Dream hillstation project Lavasa, near Pune, is now a millstone around lenders’ neck. Following its default in servicing loans, some banks have treated Lavasa Corporation account as non-performing asset (NPA) in the fourth quarter, ended March 2012. Banking sources said lenders, including Union Bank, had treated it as NPA.]]></description>
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            <title><![CDATA[Mumbai&#039;s Mighty Cash In on a Real Estate Boom]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13786</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 11 Apr 2012 06:41:32 +0530</pubDate>
			<description><![CDATA[Bloomberg- &quot;In Mumbai, property is destiny,&quot; the novelist Vikram Chandra, author of the huge fictional investigation into the city&#039;s hidden vortexes of power &quot;Sacred Games,&quot; once said . Of course, every one of the 20 million or so denizens of the space-starved Indian financial capital knows and feels (and dreams) this truth, but the city&#039;s extortionate real estate prices and lamentable urban planning mean that more than half of its industrious population lives and suffers in slums, while hundreds of thousands of middle-class people expend their energies on debilitating journeys on jam-packed trains and buses from homes in the distant suburbs.]]></description>
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            <title><![CDATA[Bangalore is all about office... office]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13785</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 11 Apr 2012 06:40:07 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The market for commercial space is estimated at 50 mil sq ft across the country. The average yearly absorption rates in Bangalore and NCR are about nine mil sq ft. While six mil sq ft is absorbed in Mumbai, the rates are 4 to 5 mil sq ft each in Chennai and Hyderabad. However, last year, Bangalore topped the list with the highest absorption of more than 13 mil sq ft of non-captive office space, about 2 mil sq ft more than the levels seen in 2010. About 80% of this came from the IT &amp; ITES sector.]]></description>
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            <title><![CDATA[&#039;Economy &amp; Realty @ Glance&#039; for the month of March 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13784</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 11 Apr 2012 06:39:06 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The report highlights the revised service tax and its impact on the consumers, the deduction in TDS and the current scenario of the External Commercial Borrowing (ECB) apart from its emphasis on the Chennai Realty Market.]]></description>
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            <title><![CDATA[Inquiry into structures abutting Mukesh Ambani&#039;s &#039;Antilia&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13783</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Apr 2012 06:37:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra Government will conduct a secretary-level inquiry to ascertain whether there is any unauthorised construction adjoining &quot;Antilia&quot;, the multi-storey residence of billionaire tycoon Mukesh Ambani in South Mumbai. Minister of state for Urban Development, Bhaskar Jadhav, told the Legislative Assembly during the question hour that the Brihanmumbai Municipal Corporation (BMC) had taken possession of the land adjacent to the Antilia building for road widening work and in return handed over the developer the additional Transfer Development Rights (TDR) and Floor Space Index (FSI) which have been utilised fully.]]></description>
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            <title><![CDATA[UP: cheap houses for farmers affected from land acquisition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13782</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Apr 2012 06:36:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Farmers affected by land acquisition for various housing projects in the Uttar Pradesh capital would be provided with cheap accommodations as part of the compensation package. A decision in this regard was taken by the Lucknow Development Authority (LDA) yesterday, meeting the long-pending demands of the affected farmers for an adequate compensation. &quot;The farmers will not only be provided houses at a cost that will be only 35 per cent of the allotment price but also be allotted platforms which could be used for putting up shops,&quot; an LDA official said.]]></description>
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            <title><![CDATA[Infinity Group to expand footprints in Assam real estate market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13781</link>
			<source>Business Standard</source>
			<pubDate>Wed, 11 Apr 2012 06:35:02 +0530</pubDate>
			<description><![CDATA[Business Standard- Having ventured into the Guwahati real estate market in 2010 and commissioned one of its “elite” residential projects within a span of just two years, the Kolkata based Infinity Infotech Parks Limited (IIPL) is now looking at further expanding its footprints across North-East. The company will soon take up two mega-residential projects near Guwahati, one for mid-income segment and the other for economically weaker section. Besides, work on the ambitious Rs 400 crore IT Park project too is expected to begin later this year. As a whole, the company will be investing to the tune of Rs 1,000 crore in Assam in next 3 to 4 years and would also look at opportunities to venture into other states in the region.]]></description>
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            <title><![CDATA[Right time to buy property: Experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13780</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Apr 2012 06:32:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the country’s real estate sector still in a subdued state, sector experts think it is the right time for consumers to go for their dream homes before prices start to shoot up. Property consultant Jones Lang LaSalle says it is still a buyers’ market in the seven metropolitan cities as absorption rate is expected to hover around 12% of the total supply. According to the real estate consulting firm, the absorption rate climbed from 11% in the first quarter of fiscal 2011 to 12.5% in the third quarter. “The primary feelers are that it will not move around much at least in the short term,” said Ashutosh Limaye, head of research at Jones Lang LaSalle.]]></description>
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            <title><![CDATA[Centre may ease FDI retail norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13779</link>
			<source>The Times of India</source>
			<pubDate>Tue, 10 Apr 2012 06:29:40 +0530</pubDate>
			<description><![CDATA[The Times of India- Within two months of allowing international players to set up wholly-owned ‘single-brand’ retail stores, the government is planning to dilute the norms on sourcing from small, village and cottage industries, bowing to pressure from global brands such as IKEA, Nike and Apple. Senior sources in the government said the industry ministry had received feedback from these companies that they were unlikely to invest in India until the sourcing norms were simplified. Under the single-brand route, companies can open their own stores provided they sell products under their own brand name.]]></description>
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            <title><![CDATA[High-rises, Urban Development Lift Elevator Biz ,Companies target higher production and revenue as orders swell with growth in real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13778</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 10 Apr 2012 06:28:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- By the end of 2012, the world’s biggest elevator firm, Otis, will triple production at its Bangalore capacity to 10,000 units a year as it expects orders to swell with builders across the country scrambling to finish projects that have been delayed by several months. Three years ago the situation was very different. The elevator business in the country had slumped, following the slowdown in the real estate market. Manufacturers had to bide time for a recovery, as their fortunes are linked to home sales, especially high-rise residential apartments. Almost 60% of projects that were launched before 2008 in cities like Mumbai, NCR, Chennai and Bangalore, were delayed by more than two years.]]></description>
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            <title><![CDATA[First mall may make way for tower]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13777</link>
			<source>The Times of India</source>
			<pubDate>Tue, 10 Apr 2012 06:27:39 +0530</pubDate>
			<description><![CDATA[The Times of India- It achieved the unique distinction of being the city&#039;s first mall in 1999. Twelve years later, Crossroads, rechristened Sobo Central after it changed hands, is in for a major makeover. Future Group&#039;s Kishore Biyani, which purchased the mall from the Ashok Piramal group, plans to construct a 65-storey tower with luxury hotel-cum-service apartments in its place at Tardeo. As per the proposed plans, the tower will have over 10 levels of parking for about 894 cars. Since the plot&#039;s location offers a scenic view of the Arabian Sea, the plan has the first habitable floors starting from the 22nd floor. Sources say there is a plan to construct an exclusive restaurant on the 65th floor, like the revolving restaurant atop Hotel Ambassador in Churchgate.]]></description>
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            <title><![CDATA[What to expect of real estate companies in Q4]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13776</link>
			<source>NDTV</source>
			<pubDate>Tue, 10 Apr 2012 06:26:31 +0530</pubDate>
			<description><![CDATA[NDTV- Listed real estate companies represented by the Realty index on BSE have witnessed a fall of 1.7 per cent over the past one month. The BSE Sensex fell by 1.4 per cent. This indicates benign expectations from the stock market from real estate companies.]]></description>
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            <title><![CDATA[B&#039;lore residential prices set to move up 15%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13775</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Apr 2012 06:25:33 +0530</pubDate>
			<description><![CDATA[Business Standard- The residential market in Bangalore is expected to witness a price rise of up to 15 per cent over the next 6-8 months. This move by developers to increase the prices rides on the positive run, which they have witnessed during 2011. According to a research by Nirmal Bang, a brokerage and analyst firm, the first two months of 2012 witnessed the launch of several projects by reputed developers and the momentum is expected to continue in the coming months, thanks to the demand from the IT/ITeS sector and better affordability compared to other cities in India.]]></description>
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            <title><![CDATA[DLF envisions 1,000 acres of development in UP by 2015 ,Company is bullish on Lucknow, Allahabad, Kanpur, Varanasi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13774</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Apr 2012 06:24:48 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty major DLF Limited has envisioned almost 1,000 acres of land under development in major towns of Uttar Pradesh in the next two to three years. This would be in addition to projects either underway or proposed in the National Capital Region of Noida and adjoining areas. The company is bullish on Lucknow, Allahabad, Kanpur, Varanasi and some other tier-2 and 3 towns in the state.]]></description>
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            <title><![CDATA[Understanding capital gains tax on sold property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13773</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 10 Apr 2012 06:23:46 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Real estate is a significant part of an investor&#039;s pie. It is also a time tested asset, which almost always appreciates except in times of severe economic downtrends, when it&#039;s temporarily affected. In fact, buying real estate for investment purposes and selling it later at a higher price has become very common among investors. Banks and other financial institutions (NBFCs or non-banking financial institutions) have also helped in this trend by providing easy loans to investors.
What is confusing for many investors though is the tax structure on these real estate transactions. This article will explore the tax liability on such transactions, also known as capital gain (or loss depending on whether the investor made money on the transaction).]]></description>
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            <title><![CDATA[Small is beautiful, so is big]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13772</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Apr 2012 06:22:56 +0530</pubDate>
			<description><![CDATA[Business Standard- This crisis value of real estate is only an icing on its intrinsic value of owning a piece of Mumbai. Does that leave you confused whether to buy fast growing but difficult to maintain real estate in faraway small towns or to bet on overvalued, leveraged but always reliable big town realty, where maintenance is easier and downside is limited? Trust in Securities and Exchange Board of India (Sebi) to show you the way. Sebi is spending Rs 280 crore this year. It should know. It is buying more land in the super-expensive Bandra Kurla Complex and flats (costing not less than few crores) for senior executives. But it is also buying for offices in small towns. Thus, the market regulator is going for geographical diversification in real estate. So should you.]]></description>
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            <title><![CDATA[Godrej Properties to re-develop project in central Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13771</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 10 Apr 2012 06:21:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Godrej Properties today said it has entered into a development management agreement with RR Builders to re-develop a MHADA property at Byculla in central Mumbai. The company&#039;s wholly owned subsidiary Godrej Projects Development (GPDPL) will act as a development manager and will be responsible for conceptualisation, design, sales, and marketing of the project, GPL said in a statement issued here.]]></description>
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            <title><![CDATA[Unfair trade: Unitech guilty, to pay Rs 6L]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13770</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 10 Apr 2012 06:20:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Leading real estate firm Unitech Ltd has been held guilty of resorting to &quot;unfair trade practice&quot; by a consumer forum here and directed to pay a customer Rs 6.6 lakh for making &quot;illegal demands&quot; from him after he booked a flat with it and paid the booking amount.
The District Consumer Disputes Redressal Forum, in its order, observed that the firm and its agent made &quot;unjustified&quot; demands from the customer and also threatened to forfeit his deposited money.]]></description>
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            <title><![CDATA[Luxury Retailers Shrink Outlets to Maximise Profits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13769</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 09 Apr 2012 06:17:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Smaller is smarter, luxury retailers are discovering, as they reduce the size of their stores across the country to save on high rentals and other costs to realise higher profits per square foot of space they occupy. Hugo Boss, for instance, has downsized its 4,000 sq ft flagship store in Delhi by a third. The Collective stores, Madura Garments’ multi-brand luxury retail outlets in Delhi, Mumbai and Bangalore too have been reduced to 10,000-12,000 sq ft from the original 17,000 sq ft. Bottega Veneta, known for its signature leather goods, now operates from a store that is half the size of its original store in an older section of the DLF Emporio mall in south Delhi.]]></description>
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            <title><![CDATA[Mumbai tenants may soon prefer owned properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13768</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 09 Apr 2012 06:16:50 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- House rents will go up to compensate for the 10-fold increase in stamp duty on rental agreements.
The proposed stamp duty hike on leave and licence agreement in Maharashtra is a further dampener to the real estate sector.A leave and license agreement provides for the property owner to rent — give a license — to a tenant to occupy the property for a specified period. The tenant doesn&#039;t have any legal right on the property. In the absence of such an agreement, the tenant becomes a trespasser. Whereas, a lease creates a charge on the premises in favour of the tenant.The Government has increased the rate from 0.1 per cent to 1 per cent for the current fiscal.]]></description>
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            <title><![CDATA[10m height restriction still on at Jubilee Hills]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13767</link>
			<source>Deccan Chronicle</source>
			<pubDate>Mon, 09 Apr 2012 06:15:25 +0530</pubDate>
			<description><![CDATA[Deccan Chronicle- Will the relaxation in the density clause rob the posh localities of Jubilee Hills and Banjara Hills of their status symbol? No, says Ch. Shekhar Reddy of the Confederation of Real Estate Developers’ Association of India. Other important provisions of building rules 2012
* Government encourages housing in small plots as plots of 50 metres or lesser size are officially recognised for granting building permissions now.
* One cellar is allowed for buildings being constructed on 500 to 750 sq mt plots.
* The validity period of building permission granted by municipal bodies has been increased from three years to five years.
* A room for watchman is allowed to be constructed in cellar or stilt floor, in addition to two toilets.]]></description>
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            <title><![CDATA[Cities may get taller as Plan panel seeks higher floor space index]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13766</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 09 Apr 2012 06:13:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- The skyline of Indian cities could soar as the government considers permitting vertical growth with the aim of checking runaway realty prices and generating resources to upgrade urban infrastructure for future growth. A Planning Commission steering committee, in its draft report, has recommended providing additional FSI (floor space index; the ratio between built-up area and plot size) as development rights, but said it should not come free of cost.]]></description>
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            <title><![CDATA[Higher FSI not enough, better infra a must: Builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13765</link>
			<source>Business Standard</source>
			<pubDate>Mon, 09 Apr 2012 06:12:54 +0530</pubDate>
			<description><![CDATA[Business Standard- The Planning Commission’s recent recommendation to increase the floor space index (FSI) or floor area ratio may raise the height of the country’s buildings, but the country may not be prepared to go vertical in a big way yet, according to experts. Developers say an increase in the FSI was long due, given the scarcity of land, but stress the need for stronger infrastructure to support such high-rise buildings. Builders and analysts also say a higher FSI would not necessarily translate into affordable housing, as the density per acre norms need to be relaxed as well.]]></description>
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            <title><![CDATA[Residential real estate market is set to appreciate in 6 months: JLL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13764</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 09 Apr 2012 06:12:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Jones Lang LaSalle India, a global research firm in the real estate sector, says that prices of residential units in India in the next six months should witness marginal appreciation. JLL says: &quot;Over 60% of residential launches in the Top 7 cities (mostly in cities other than the NCR and Mumbai) are priced in the range of Rs 2,000-4 ,000 per sq ft, which meets the demand of middle-income buyers.&quot;]]></description>
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            <title><![CDATA[High-rise Market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13763</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:45:01 +0530</pubDate>
			<description><![CDATA[The Times of India- The residential apartment market in Chennai has been the most stable among urban centres in the country in the past four years. Residex, the residential price index brought out by the National Housing Bank, shows that except for a slight correction in 2008 on account of the global economic slowdown, apartment prices in Chennai registered a steady growth, quarter after quarter.]]></description>
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            <title><![CDATA[Realtors upset with Bhubaneswar Development Authority policies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13762</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:44:18 +0530</pubDate>
			<description><![CDATA[The Times of India- The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority&#039;s (BDA) move to change the definition of &quot;apartment&quot; and &quot;group housing.&quot; Talking to reporters here, Confederation of Real Estate Developers Association of India (Credai) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while constructing houses.]]></description>
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            <title><![CDATA[Cities may get taller as panel seeks higher FSI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13761</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:43:35 +0530</pubDate>
			<description><![CDATA[The Times of India- The skyline of Indian cities could soar as the government considers permitting vertical growth with the aim of checking runaway realty prices and generating resources to upgrade urban infrastructure for future growth. A Planning Commission steering committee, in its draft report, has recommended providing additional FSI (floor space index; the ratio between built-up area and plot size) as development rights, but said it should not come free of cost.]]></description>
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            <title><![CDATA[FARIDABAD PULLING OUT ALL STOPS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13760</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:42:45 +0530</pubDate>
			<description><![CDATA[The Times of India- The Haryana government is pulling out all stops to make Faridabad the best city of Haryana. A plan has been finalized to upgrade the city with top-class infrastructure and make it one of the best places for lifestyle living in the NCR. The plan hopes to earn for Faridabad the distinction of being the country&#039;s ‘City of the Decade 2011-21’.]]></description>
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            <title><![CDATA[INFRASTRUCTURE ISSUES IN CROSSINGS REPUBLIK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13759</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:41:46 +0530</pubDate>
			<description><![CDATA[The Times of India- Realtors believe that improvement in connectivity, resolving electricity and water issues and proper waste-management practices in Crossings Republic, an area on NH-24, will lure more customers to this locality. Also, a serious concern is the poor waste-management practice which the government needs to address. The government should move the garbage dump to some far-flung area where it would not affect residents. The narrow NH-24 is another problem that results in inconvenience.]]></description>
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            <title><![CDATA[QUALITY A CONCERN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13758</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:41:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Increasingly, many customers are complaining about defects in the flats allotted to them. Are builders quality-conscious?     Realty market watchers say that when there is a good demand in market and the volume of work is extensive, many realty firms do not mind sacrificing quality. Therefore, it leads to substandard workmanship.]]></description>
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            <title><![CDATA[NOVEL MARKETING MANTRAS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13757</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:39:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Developers are resorting to unusual marketing techniques for branding, positioning and generating successful leads. Faced with rising interest rates, growing competition and stagnation in property market, a growing number of property developers are now moving away from traditional marketing tools and adopting unusual techniques to stand out and woo homebuyers.]]></description>
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            <title><![CDATA[Property deals fell 14.8% in Mumbai in Jan-March]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13756</link>
			<source>Business Standard</source>
			<pubDate>Sat, 07 Apr 2012 07:38:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Property transactions (sale and purchase of residential and commercial properties) in Greater Mumbai during January-March declined an average of 14.8 per cent, compared to 9.11 per cent during the corresponding period of the previous year. However, there was a rise of 11.72 per cent in leave and licence agreements, compared to 10.37 per cent in the year-ago period.]]></description>
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            <title><![CDATA[TRACKS CLEAR FOR NEW METRO LINE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13755</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:38:17 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida-Greater Noida authorities have approved a major detailed extension of the Metro route connecting almost all of Noida and Greater Noida at a cost of Rs 10,000 crore, covering a total of 86km. Noida and Greater Noida are to get a new lifeline, as tracks are clear for the Metro line here. The authorities concerned have approved a major detailed extension of the Metro route connecting almost all of Noida and Greater Noida at a cost of Rs 10,000 crore, covering a total of 86km. The DMRC (Delhi Metro Rail Corporation) has given a go-ahead to this project and it is likely to be completed by 2015.]]></description>
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            <title><![CDATA[5-STAR HOTELS ON EXPRESSWAY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13754</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:37:24 +0530</pubDate>
			<description><![CDATA[The Times of India- The success of Formula One event, held for the first time in India in Greater Noida, has brought attention to Noida-Greater Noida Expressway, which is set to gain a chain of top-end hotels.     Noida-Greater Noida Expressway will soon gain the distinction of hosting a slew of luxury hotel projects, apart from the innumerable residential, institutional and IT-ITeS projects already in place.]]></description>
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            <title><![CDATA[YAMUNA EXPRESSWAY TO OPEN THIS MONTH]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13753</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:36:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Yamuna Expressway, the rapid-transit corridor between Delhi and Agra, will become operational this month.     Yamuna Expressway, the rapidtransit corridor between Delhi and Agra, will be operational soon, as the new government in Uttar Pradesh has shown it the green flag. It was originally scheduled to be operational by December 2011.]]></description>
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            <title><![CDATA[WHO CARES FOR WATER HARVESTING?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13752</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:35:28 +0530</pubDate>
			<description><![CDATA[The Times of India- Who is to be blamed for water scarcity during summer months? Are the developers making necessary arrangements for rainwater harvesting? These are very important questions and deserve serious answers. The sweltering summer is back and, now, one can feel the heat, quite literally. Also, it is a truism that people in big cities and metros suffer due to water scarcity. All this, when it has been drilled into our collective consciousness that we can fight water shortage if necessary arrangements for rainwater harvesting are in place.]]></description>
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            <title><![CDATA[BUY NOW, PRICES SET TO ROCKET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13751</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Apr 2012 07:34:31 +0530</pubDate>
			<description><![CDATA[The Times of India- The residential real estate market is all set to register a sharp appreciation over the next six months. Jones Lang LaSalle India, a global research firm in the real estate sector, says that prices of residential units in India in the next six months should witness marginal appreciation.]]></description>
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            <title><![CDATA[Walmart training women workers in India, China]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13750</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Apr 2012 07:33:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Global retail giant Walmart has launched a training and education programme that will benefit about 60,000 women working in its factories in India, Bangladesh and China. The &#039;Women in Factories&#039; programme is a five-year initiative that will be implemented in collaboration with local NGOs and teach &quot;critical life skills&quot; related to communication, hygiene, reproductive health, occupational health and safety and gender sensitivity.]]></description>
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            <title><![CDATA[Builders Asso to revise &#039;old&#039; contract system]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13749</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Apr 2012 07:32:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Builders Association of India (BAI) is in the process of revising age-old contract documents for engineers and builders, due to which major Government projects were getting delayed, putting the builders to lot of hardship. The builders at present were following the British contract methods, which have no cost escalation clause or road acquisition protection and due to the lack of which the projects were suffering.]]></description>
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            <title><![CDATA[Ready Homes Find More Buyers Than Under-Construction Flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13748</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 07 Apr 2012 07:31:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Demand for ready homes grows as homebuyers unsure about under-construction apartments. Demand for ready homes is growing as homebuyers are becoming even more weary about the viability of projects that are under construction. If the price gap between under construction apartments and ready apartments about six months ago was 20%, it has increased to 35% today.]]></description>
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            <title><![CDATA[Rising Input Costs Trouble Realty Sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13747</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 07 Apr 2012 07:30:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Increase in cost of cement, steel and labour in last 3 months has stopped realty cos from reducing price to prop up demand. The real estate industry, which has been grappling with low sales due to lack of consumer demand, is caught in a bind as input costs have soared due to rise in freight and coal prices. This rise in costs has hit at the ability of real estate companies to reduce prices to prop up demand, say industry executives. Prices of cement, steel and labour have risen sharply in the past three months due to reduced supplies and a tight labour situation as resumption of the agriculture season has led to an increase in workers’ wages. Real estate companies have had to raise wages to keep labourers from deserting construction projects.]]></description>
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            <title><![CDATA[Equity International scouts investment in home finance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13746</link>
			<source>Business Standard</source>
			<pubDate>Fri, 06 Apr 2012 07:06:49 +0530</pubDate>
			<description><![CDATA[Business Standard- Equity International (EI), the US investment firm, is exploring investment prospects in housing finance companies and non-banking financial companies (NBFCs) funding the real estate sector. The Chicago-based financial service entity has a $2-billion corpus under five funds. In November 2011, it committed $75 million to SAMHI, a Delhi-based developer and owner of hotels in India.]]></description>
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            <title><![CDATA[Credai-Orissa suggests changes in new BDA regulations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13745</link>
			<source>Business Standard</source>
			<pubDate>Fri, 06 Apr 2012 07:04:02 +0530</pubDate>
			<description><![CDATA[Business Standard- The Orissa chapter of Confederation of Real Estate Developer Association of India (Credai) has suggested some changes in the proposed amendment in the Bhubaneswar Development Authority (BDA) (Planning and Building Standards) Regulations, 2008. Opposing the BDA’s plan to reserve ten per cent of all new housing projects for economically weaker sections (EWS) and lower income groups (LIG), the association feels that the ground realty has not been taken into account by the drafting authorities.]]></description>
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            <title><![CDATA[Timbor Home comes up with skill development institute]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13744</link>
			<source>Business Standard</source>
			<pubDate>Fri, 06 Apr 2012 07:03:09 +0530</pubDate>
			<description><![CDATA[Business Standard- As part of its efforts to provide skill development, Ahmedabad-based furniture maker, Timbor Home Ltd, has launched a new institute called Timbor Skillvarsity, which will offer skill development courses. As per the company, the initiative assumes importance in the wake of Indian furniture industry size crossing Rs 70,000 crore mark. It also employs around 3 lakh people. The organised sector accounts for only 15 per cent of the total market and it is growing at 30 per cent per annum. So, the demand for trained manpower for the furniture sector is enormous.]]></description>
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            <title><![CDATA[Blazing sun can cool house ,At Solar Energy Centre in Gurgaon, solar ACs have replaced conventional devices. Some other buildings have switched to alternative cooling techniques to limit electricity bills]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13743</link>
			<source>The Times of India</source>
			<pubDate>Fri, 06 Apr 2012 07:02:25 +0530</pubDate>
			<description><![CDATA[The Times of India- Summer is here and most people will be cooling their heels, quite literally, inside their airconditioned homes. But overdependence on these energy-guzzling devices—ACs—has prompted scientists to explore others alternatives. The latest alternative on stream is solar airconditioning at Solar Energy Centre at Gual Pahari village in Gurgaon. Incredible as it may sound, 13 rooms are being cooled at this research station using solar energy. In other buildings, minor alterations in the structures are helping minimize the need for airconditioners.]]></description>
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            <title><![CDATA[Luxury homes new buzzword in Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13742</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Apr 2012 07:01:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- In recent times, Noida has seen a rise in the demand for luxury homes. Each person has a definition of &#039;luxury&#039;, depending on his or her social status and lifestyle. Thus, developers cater to a wide variety of demands, even within the &#039;luxury homes&#039; segment. In recent times, Noida-Greater Noida and Ghaziabad have seen an upsurge in the demand for luxury homes. With higher disposable incomes, the confidence is visible not just among buyers, but also among sellers.]]></description>
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            <title><![CDATA[Noida scores big this time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13741</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Apr 2012 06:59:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Noida Authority is ensuring that the place has world-class infrastructure where every sectoral player would like to come and invest. Infrastructure like roads, sewerage, power and water supply, etc, which has been developed in Noida, is far better than those in most new cities and urban agglomerations that have come up in the country.]]></description>
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            <title><![CDATA[Realty sector needs status now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13740</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Apr 2012 06:58:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- When it comes to employment generation, the real estate sector comes next only to agriculture. Yet, it continues to be neglected, denied even the basic status of an industry.     The real estate is booming and is a sector, next only to agriculture, which has the maximum growth potential in terms of employment generation and contribution to the GDP (gross domestic product).]]></description>
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            <title><![CDATA[What to Look for Before Moving into a New Home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13739</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Apr 2012 06:57:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Since most of these people have a location on their mind — a place close to their current home or close to the child’s school or college or their office — the house hunt becomes a little easier. You can use online portals or contact local real estate agents to get an idea about the kind of resale properties and the prevailing prices in the area. “Based on the specifications given to brokers, they will offer you a number of properties. You need to short list them further, based on your specific needs, budget and amenities,” says Ganesh Vasudevan.]]></description>
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            <title><![CDATA[Sahara in Talks to Buy NY’s Plaza for $600 m , Subroto Roy looks to move into super-luxury hospitality segment with 2nd overseas buy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13738</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Apr 2012 06:56:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Little over a year after he snapped up London’s iconic Grosvenor House hotel, Subroto Roy is about to do a similar deal across the Atlantic. The Sahara Group is in exclusive talks to acquire The Plaza, a 105-year-old landmark property in New York whose guests have included Marilyn Monroe and the Beatles, for around $600 million (. 3,000 crore). Sahara, which bought the Grosvenor House hotel in December 2010 for $726 million, is carrying out a due diligence of the asset and has paid an advance to the property’s owners, Israel’s El Ad group.]]></description>
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            <title><![CDATA[Office space absorption drops by 32% in Jan-Mar: CBRE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13737</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Apr 2012 06:55:03 +0530</pubDate>
			<description><![CDATA[The Financial Express- Office space absorption fell by 32 per cent in the country&#039;s seven major cities at 4.1 million sq ft during January-March period as compared with the year-ago period on global economic slowdown and fall in India&#039;s GDP growth, property consultant CBRE said today.]]></description>
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            <title><![CDATA[Builders for changes, housing policy on hold]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13736</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Apr 2012 06:54:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- The state government has put on hold the enforcement of its new, inclusive housing policy that makes it mandatory for all developers to construct 20 per cent additional smaller-sized apartments on their plots for public housing. The decision was taken after the developers’ body Maharashtra Chamber of Housing Industry (MCHI) made a representation to Chief Minister Prithviraj Chavan, seeking certain concessions in the rules. Government sources said the rule will be brought into force after incorporating some of the viable suggestions.]]></description>
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            <title><![CDATA[Loan rates wont fall soon: Bankers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13735</link>
			<source>The Times of India</source>
			<pubDate>Thu, 05 Apr 2012 06:50:55 +0530</pubDate>
			<description><![CDATA[The Times of India- For home loan borrowers the wait for a lending rate cut is set to get longer unless the Reserve Bank of India takes drastic measures.Lenders have informed RBI that they would find it difficult to bring down interest rates soon because of a surge in cost of funds.Latest RBI data shows that yearon- year deposit growth has slowed to 13% as on March 23 even as loans unexpectedly grew 17% forcing banks to hike term deposit rates.]]></description>
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            <title><![CDATA[India top focus for realty mogul, says Trump scion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13734</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 05 Apr 2012 06:50:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- American property mogul Donald Trump targets India above other emerging economies, his son and business partner said, as the flamboyant tycoon looks to crack a notoriously tough real estate industry with his brand of luxury homes and hotels. Trump&#039;s eponymous real estate group expects to sign multiple deals for Indian residential projects and hotel contracts over the next five years, despite a market riddled by regulatory uncertainty and bureaucratic red tape.]]></description>
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            <title><![CDATA[Indians top Dubai property buyers&#039; list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13733</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 05 Apr 2012 06:49:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Indians have topped the list of first-time property buyers in Dubai in 2011, having bought properties worth 2.1 billion dirhams (Rs 292 crore), Dubai Land Department data has revealed. While it did not mention the nationality of the second largest investors, the department said the UAE nationals came third, having invested 1.575 billion dirhams (Rs 219 crore).]]></description>
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            <title><![CDATA[CAG raps Maharashtra govt for shady land deals that resulted in heavy losses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13732</link>
			<source>Business Standard</source>
			<pubDate>Thu, 05 Apr 2012 06:48:23 +0530</pubDate>
			<description><![CDATA[Business Standard- The Comptroller &amp; Auditor General of India has castigated the Maharashtra government for alleged irregularities in the sale and allotment of land in the past eight years, resulting in loss to the exchequer.
The CAG report, findings of which encapsulated in a CD, was presented by BJP legislator Devendra Phadnis to the state Assembly Speaker, has made critical observations on the plots allotted to parties, including ministers and legislators. These include the Manjra Education Society promoted by Union minister Vilasrao Deshmukh, the Mumbai Education Trust promoted by state public works minister Chhagan Bhujbal, the Sindhudurg Shikshan Prasarak Mandal affiliated to industries minister Narayan Rane, the Bharati Vidyapith formed by forest minister Patangrao Kadam, and the Vikhe Patil Foundation affiliated to agriculture minister Radhakrishna Vikhe Patil.]]></description>
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            <title><![CDATA[Mahindra Lifespace Developers plans to develop two more business cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13731</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:47:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mahindra Group&#039;s realty and infrastructure development arm Mahindra Lifespace Developers is planning to develop two more integrated business cities apart from its ongoing Mahindra World City projects in Chennai and Jaipur.  The two new integrated developments will come up at Dholera in Gujarat and in the northern part of Chennai, spread over 2,500 acres and 1,000 acres, respectively. The company plans to launch both these projects by March 2013, said a top official of the company.]]></description>
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            <title><![CDATA[Donald Trump draws big plans in luxury residences, hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13730</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:46:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- American real estate tycoon Donald Trump, who is known for creating landmark properties globally, is eying Indian market in a big way and plans to focus expansion in the country on luxury residences and hotels over the next five years, his scion Donald Trump Junior said today.]]></description>
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            <title><![CDATA[HUL sells leasehold rights for Mumbai property for Rs 452 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13729</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:46:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- FMCG major Hindustan Unilever Ltd (HUL) today said the company has sold its leasehold rights of a property in Mumbai for Rs 452.5 crore to Ajay Piramal Group firm Piramal Realty. HUL and entities of Piramal Realty have signed an agreement for assignment of HUL&#039;s leasehold rights of the land and building named &#039;Gulita&#039; situated at Mumbai for Rs 452.5 crore, HUL said in a filing to the BSE.]]></description>
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            <title><![CDATA[HDFC bank to lend Rs 150 crore for Kingfisher Towers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13728</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:45:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- HDFC Bank is lending Rs 150 crore to construct the luxurious Kingfisher Towers in Bangalore, which is jointly promoted by Vijay Mallya&#039;s UB Group and Prestige Estates Projects, a local builder. The project, expected to be completed by 2013, is the costliest in the Bangalore market.]]></description>
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            <title><![CDATA[Orris Infrastructure to build 200-acre township in Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13727</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:44:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm Orris Infrastructure today said it will develop a 200-acre integrated township in Greater Noida with an investment of at least Rs 800 crore over the next eight years. The township would come up on the Yamuna Expressway. In the first phase, the Gurgaon-based firm is offering 850 plots.]]></description>
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            <title><![CDATA[Adani Realty to invest Rs 1,200 crore in Mumbai project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13726</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:43:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Adani Group&#039;s real estate arm, Adani Realty Business plans to invest Rs 1,200 crore for constructing a 29-storeyed structure in suburban Mumbai. The upcoming project in the plush area of Lokhandwala Complex and Seven Bungalows in Andheri, will offer premium retail and commercial office space of about 1.3 lakh square feet and nearly 7.5 lakh square feet of residential space.]]></description>
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            <title><![CDATA[Piramal acquires Hindustan Unilever&#039;s South Mumbai property Gulita for Rs 452.5 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13725</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:42:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Hindustan Unilever has sold Gulita, its sea-facing property in south Mumbai, to Piramal Realty for Rs 452.5 crore. The one-acre property in Worli Seaface, which used to house a training centre and private residences of senior executives of Unilever&#039;s Indian arm, will give way to a high-end luxury residential complex overlooking the Arabian Sea, which the buyer plans to build there.]]></description>
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            <title><![CDATA[Unitech in talks to raise Rs 1,100 crore by leasing office space in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13724</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:41:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate firm Unitech Ltd is in talks with various financial institutions to raise around Rs 1,100 crore through lease rent discounting (LRD) of office buildings in its Gurgaon SEZ, which is a part of AIM-listed Unitech Corporate Parks. The money will be used by the company over the next 12-18 months for construction of assets within the UCP portfolio, which includes five SEZs and one IT park in NCR and Kolkata. The Gurgaon SEZ currently has two million sq ft of ready space and another 1.6 million sq ft is under construction.]]></description>
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            <title><![CDATA[Accor bets big on India; to open 11 hotels in India in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13723</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Apr 2012 06:41:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- Leading international hotel operator Accor on Wednesday said it will open 11 new hotels in India in 2012. Three of these 11 hotels are already operational, he said, adding the new hotels, with over 4,500 guest rooms, are coming up in cities like Delhi, Mumbai, Jaipur, Ahmedabad, Pune and Bengaluru.]]></description>
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            <title><![CDATA[BMC chief takes on builders during ‘peace’ meet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13722</link>
			<source>MUMBAI MIRROR</source>
			<pubDate>Wed, 04 Apr 2012 06:30:37 +0530</pubDate>
			<description><![CDATA[MUMBAI MIRROR- More than 1,000 people from real estate business landed at Rang Sharda in Bandra on Tuesday, only to meet a belligerent Subodh Kumar. Big-ticket developers, leading architects, consultants and real estate brokers arrived at Rang Sharda Auditorium in Bandra on Tuesday evening, hoping to &quot;clear the air&quot; with Municipal Commissioner Subodh Kumar regarding the amended Development Control Rules (DCRs), which governs all developmental activities in Mumbai. At the end of the three-hour session, the developers, smarting under the civic body chief’s sarcasm, were threatening a strike.]]></description>
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            <title><![CDATA[Real estate: Hard landing ahead for residential property market?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13721</link>
			<source>Daily Bhaskar</source>
			<pubDate>Wed, 04 Apr 2012 06:29:27 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- The residential property market in India, particularly in the Tier I cities, has remained sluggish for the past 12 months, with significantly lower sale volumes when compared to the high absorption rates of 2010. Home loan interest rates now seem to be at their cyclical highs (but should soon decline) and unforeseen tax levies have come at a time when the industry is facing its moment of reckoning. In these uncertain times, the question arises whether strategic decision-making for residential property developers to improve sales should follow the root method – a comprehensive evaluation of options, or the branch approach – a process of muddling through. In a multiple stakeholder environment with several large uncertainty input parameters, the branch approach seems to be the instrument of choice.]]></description>
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            <title><![CDATA[Maharashtra realty mess: Builders take RTI route]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13720</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 04 Apr 2012 06:28:30 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- To highlight the problems faced by the real estate sector, developers have decided to raise the issue with the government in a different way. They have decided to seek information on various approved plans and earned revenue in the last 10 years, to show that the state government is losing revenue because of its slow approval procedure and various wrong policies.]]></description>
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            <title><![CDATA[Bengal Land Reforms (Amendment) Bill 2012 passed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13719</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 04 Apr 2012 06:27:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- A bill facilitating relaxation of urban land ceiling laws in setting up industry in West Bengal was today passed in the state assembly by 252-46 votes despite Opposition by Left Front members. In the absence of Chief Minister Mamata Banerjee, who is also in-charge of the Land and Land Reforms department, in the House, the West Bengal Land Reforms (Amendment) Bill 2012 was introduced by Parliamentary Affairs Minister Partha Chatterjee for discussion.]]></description>
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            <title><![CDATA[Ramee Group eyes Surat, Vadodara for 5-star properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13718</link>
			<source>Business Standard</source>
			<pubDate>Wed, 04 Apr 2012 06:19:49 +0530</pubDate>
			<description><![CDATA[Business Standard- The Ramee Group of hotels, which operates the hotel chain in Middle East and India, is looking to expand its five star properties in tier - II cities like Baroda and Surat in Gujarat. The Ramee Group has marked its entry in the Pune hospitality industry with an investment of Rs 100 crore. The group has launched ‘Ramee Grand’ its first 5-star boutique property, at Apte Road in Shivaji Nagar area. The property includes three restaurants, 88 rooms, four food &amp; beverage outlets and banqueting facilities and it is divided into eight floors.]]></description>
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            <title><![CDATA[Office space take up drops 14% quarter on quarter in January-March 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13717</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 04 Apr 2012 06:18:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- The total take-up of office space in India&#039;s seven largest cities dropped by 14% quarter-on-quarter in the first quarter of 2012, according to the latest report by property advisory firm DTZ. The market sentiment remained cautious as macro economic indicators remained uninspiring and there was no drop in interest rates.]]></description>
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            <title><![CDATA[Maytas Properties: IL&amp;FS, SRS Orion in talks to resolve issues]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13716</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 04 Apr 2012 06:17:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- IL&amp;FS, the financial institution that controls Maytas Properties, is in talks with SRS Orion, an investor in the scam-hit realty company to resolve the differences between them. Mauritius-based SRS is seeking conversion of its Compulsory Convertible Debentures (CCD) in Maytas Properties (MPL) into shares and appointment of its directors on the board of the real estate company.]]></description>
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            <title><![CDATA[Circle rates hiked by as much as 15%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13715</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Apr 2012 07:20:38 +0530</pubDate>
			<description><![CDATA[The Times of India- In a move to bring down the gap between the &quot;white&quot; and &quot;black&quot; money paid while purchasing a property, the Gurgaon administration has enhanced the collector rates (or circle rates) for registration of property by up to 15%, effective from this financial year. Collector rates are the minimum floor rate one needs to pay in order to register a property. In order to bring some parity in the upmarket residential and commercial areas with the district administration has decided to bring in a balance in the hikes by increasing marginally in areas where the circle rates are already high and increasing up to 15% in areas where there is scope.]]></description>
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            <title><![CDATA[Developers may strike if realty woes persist: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13714</link>
			<source>Zee News</source>
			<pubDate>Tue, 03 Apr 2012 07:19:38 +0530</pubDate>
			<description><![CDATA[Zee News- Concerned over the problems faced by realtors and home buyers, Confederation of Real Estate Developers&#039; Association of India (CREDAI) said it may go on a nationwide developers strike to sensitise the policy makers if realty woes persist. The association has also decided to send an &#039;SOS&#039; to the Prime Minister Manmohan Singh and seek an appointment to meet him to discuss the need for speedy reforms in the sector.]]></description>
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            <title><![CDATA[PE, VC funds come under Sebi purview]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13713</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 03 Apr 2012 07:17:59 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- After enjoying their discretionary powers for years, alternative investment fu&shy;nds (AIF) — which include private equity funds, real estate funds, hedge funds and venture capital funds — will henceforth come under the purview of the Securities and Exchange Board of India (Sebi). After putting out a concept paper along with draft AIF regulations in August last year, Sebi at its board meeting on Monday decided to ask these funds to get registered with it. The move is aimed at ensuring systemic stability, increasing market efficiency and encouraging formation of new capital.]]></description>
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            <title><![CDATA[MNCs surpass Indian firms in office space uptake: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13712</link>
			<source>Indian Express</source>
			<pubDate>Tue, 03 Apr 2012 07:17:09 +0530</pubDate>
			<description><![CDATA[Indian Express- With bearish sentiment affecting corporate expansion plans in the country’s financial capital, there has been a steep decline in the commercial real estate taken up by Indian companies. In contrast, multinational companies (MNCs) have picked up considerable office space here. The latest report by property advisor DTZ comparing the trends in the first quarter of 2012 to the same period last year shows a noticeable change in the profile of the commercial real estate occupier in Mumbai. Between January and March 2012, Indian corporate firms account for 29 per cent of occupiers of new commercial realty space in the city. This is a sharp fall from the 71 per cent market share of new space that these corporates picked up in the corresponding period in 2011.]]></description>
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            <title><![CDATA[Nashik&#039;s new Credai head wants greener buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13711</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Apr 2012 07:16:09 +0530</pubDate>
			<description><![CDATA[The Times of India- Kiran Chavan has been elected as the president of the Confederation of Real Estate Developers&#039; Association of India (Credai) Nashik. The decision to this effect was taken at the annual general body meeting of Credai Nashik. Kiran Chavan was unanimously elected as Credai Nashik president and Sunil Kotwal as secretary, while Abhay Tated and Jayesh Thakkar were elected as vice-presidents. While speaking to TOI, Chavan said, &quot;My priority will be to promote green building projects in the city. Nashik is famous for its climate across the country. Hence, attention will be paid to the beautiful and well-planned development of the city by yoking together the environment and the development of the city. Credai Nashik will take initiative to promote green projects in the city.&quot;]]></description>
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            <title><![CDATA[Sahara, ICICI Bank eye Parsvnath&#039;s prime land in Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13710</link>
			<source>Business Standard</source>
			<pubDate>Tue, 03 Apr 2012 07:15:19 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in New Delhi, according to sources. ICICI Bank is also among the contenders for the piece of land.]]></description>
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            <title><![CDATA[Mumbai splurges on land, ignores infrastructure needs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13709</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Apr 2012 07:13:59 +0530</pubDate>
			<description><![CDATA[The Times of India- The reason why Mumbai&#039;s infrastructure is in a perpetual mess is not far to seek. Investments made in basic civic projects have amounted to only Rs 15,305 crore since 2005. During the same period, the real estate market saw a staggering investment of Rs 27,608 crore. The skewed state of affairs in India&#039;s financial capital has been documented in a Jones Lang Lasalle India (JLLI) report, &#039;The anatomy of urban investments in India&#039;, that was released on Monday. &quot;Data indicates that the quantum of investments in mega infrastructure projects amounts to only 60% of that made in prime land in the city, approximately in the same period,&quot; said the report. &quot;Most mega infrastructure projects are stuck at various bottlenecks and are abysmally behind schedule.]]></description>
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            <title><![CDATA[The Anatomy Of Urban Investments In Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13708</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 03 Apr 2012 07:13:00 +0530</pubDate>
			<description><![CDATA[Moneycontrol- India&#039;s growth story has many facets; one of the integral parts of growth - and arguably the most important one - is urbanization. In fast-growing economies, cities are significant investment and employment generators, which in turn carry the growth momentum forward. The sustainability and livability of any city depends largely on the quality of its infrastructure and real estate stocks. Needless to say, cities also require large sums of money to create urban asset stocks, including buildings and infrastructure.]]></description>
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            <title><![CDATA[Proposed real estate regulator to get power to jail builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13707</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Apr 2012 07:11:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The proposed real estate regulator would make registration compulsory for property agents as well as for residential projects over 1,000 square metres or 12 dwelling units in an effort to improve transparency and accountability in the sector. The Cabinet will soon consider the bill that seeks to establish the regulator, officials said. The bill will also include provisions for imprisonment of builders who sell flats or plots before registering them with the authority, they said.]]></description>
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            <title><![CDATA[Real estate developers association to petition PM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13706</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Apr 2012 07:10:56 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Association of India (Credai) has decided to send an SOS to the Prime Minister and has planned a nationwide strike to sensitize policy-makers to its problems. &quot;Even though the sector contributes close to 7%--or Rs140,000 crore--we are facing suffocation due to various administrative delays. Our appeals for speedy action are falling on deaf ears,&#039;&#039; said Lalit Kumar Jain, national president, Credai.]]></description>
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            <title><![CDATA[Orissa misused law to acquire land for Vedanta, Posco: CAG]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13705</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 03 Apr 2012 07:09:48 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Comptroller and Auditor General (CAG) has unearthed a land scam in Orissa where the state government acquired land for industrial houses like Vedanta and Posco by reportedly misusing existing provisions of the Land Acquisition Act. The CAG also found that the companies were not using the land for which they were allotted and instead, hoarding land whose market value ran into thousands of crores.]]></description>
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            <title><![CDATA[Hospitality sector to need 180,000 rooms in the next 10 years: Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13704</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 02 Apr 2012 07:11:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- The latest white paper by hospitality consultancy HVS India and World Travel and Tourism Council (WTTC) has pointed out that in next 10 years, the Indian hospitality sector will need an additional supply of 180,000 rooms, a capital investment of $25.5 billion for constructing them and manpower of 211,000 to operate these additional hotels.]]></description>
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            <title><![CDATA[Home loan rate cuts only for new buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13703</link>
			<source>The Times of India</source>
			<pubDate>Mon, 02 Apr 2012 07:10:44 +0530</pubDate>
			<description><![CDATA[The Times of India- When it comes to increasing home loan rates,banks believe in an across-the-board policy and raise rates for all and sundry.However,in case of reduction,the policy is aimed at benefiting only new borrowers as lenders try to grab a bigger market share. On Sunday,Canara Bank slashed home loan rates by up to 175 basis points (100 basis points equal one percentage point),while IDBI had pared rates on Friday by up to 75 basis points.In both cases,only new borrowers will benefit,while existing ones grapple with loan terms that exceed 20 years as rates have risen over 250 basis points for several borrowers over the past two years.]]></description>
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            <title><![CDATA[Realtors project increased demand, prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13702</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Apr 2012 06:59:24 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The real estate market in Hyderabad is poised to see increased demand during the next 6-9 months. All indicators point towards prices too firming up, according to players in the sector and consultancy firms. New projects are likely if the current regulation, (Government Order No. 45), which makes it mandatory to keep aside part of new projects spread across one acre or more for low income group housing, is resolved.]]></description>
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            <title><![CDATA[Home loan insurance proves popular]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13701</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Apr 2012 06:58:29 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- While the popularity of home loan insurance cover has shot up, in the case of hazard insurance, the demand is yet to pick up. Market sources admit home loan insurance covers are more popular, thanks to their bundling by banks. While bundling in itself isn&#039;t mandatory, banks encourage such offers following a rise in home loan demands.]]></description>
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            <title><![CDATA[Godrej Properties to build on stake sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13700</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Apr 2012 06:57:35 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Godrej Properties stock will see positive momentum this week, after a 49 per cent stake sale in Godrej Landmark Redevelopers. Private equity firm ASK Property Investment Advisors bought the stake for a premium of Rs 20 crore. Godrej Properties&#039; subsidiary, Godrej Project Development, had recently signed up a residential redevelopment project in Mumbai.]]></description>
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            <title><![CDATA[Land allotments by AP Govt for IT projects come under CAG scanner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13699</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Apr 2012 06:56:52 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Land allotments by the Andhra Pradesh Government to various information technology companies and projects have come under the scrutiny of Comptroller and Auditor General (CAG) of India. In the voluminous reports submitted to the Assembly, the CAG has observed non-utilisation and diversion of land allotted to various firms in the Hardware Park at Maheshwaram in Ranga Reddy district.]]></description>
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            <title><![CDATA[Vision Express to add 60-70 stores this fiscal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13698</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Apr 2012 06:56:00 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Eyewear retail chain Vision Express plans to add another 60-70 stores in the current financial year. It is hoping to end the 2011-12 fiscal with 154 stores. Launched five years back, Vision Express is positioned at the lower end of the price segment in the estimated Rs 4,000-crore eyewear market.]]></description>
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            <title><![CDATA[DLF feted for Lucknow residential project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13697</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Apr 2012 06:55:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Gardencity, which is DLF’s first residential project in Lucknow, has won the ‘Integrated Township of the Year – North India’ Award at the Realty Plus Excellence Awards 2012. Gardencity offers plot sizes starting from 250 sq yards and boasts of modern town planning, eco-friendly infrastructure, wide roads, smart sewage disposal plant, underground cabling and green belts running across the township.]]></description>
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            <title><![CDATA[Realty, gold can create asset bubble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13696</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Apr 2012 06:54:35 +0530</pubDate>
			<description><![CDATA[Business Standard- The customs duty hike on gold could have an interesting effect in itself. Coupled to the new Reserve Bank of India (RBI) restrictions on lending cash against gold, it could lead to a small but significant shift in asset allocation. There is a logical case for suspecting that there will be a refocus on silver.Briefly, the global economic situation remains unstable as it has been for over a year. The Indian economy is going through a slowdown coupled to large deficits. In the circumstances, it’s not surprising that gold has been one of the best performing assets of the last year.]]></description>
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            <title><![CDATA[ASK Property gets 49% stake in Godrej redevelopment unit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13695</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Apr 2012 06:53:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Godrej Properties Ltd on Sunday sold 49 per cent stake in its subsidiary Godrej Landmark Redevelopers Private Ltd (GLRPL) to ASK Property Investment Advisors.
Godrej Landmark is working on a residential re-development project in Chembur, Mumbai. ASK will pay a Rs 20-crore premium to GLRPL for its 49 per cent stake in the project, ASK and Godrej said in a joint statement. Pirojsha Godrej, who took over as the MD and CEO of Godrej Properties on Sunday, said, “This fits in well with GPL’s strategy of efficient capital management and demonstrates our continued ability to attract equity capital in difficult market conditions.”]]></description>
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            <title><![CDATA[Realtors get by on cash from moneylenders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13694</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Apr 2012 06:52:19 +0530</pubDate>
			<description><![CDATA[Business Standard- Hit by an acute cash crunch, some of the top property developers in Mumbai are borrowing funds at four per cent interest a month from private moneylenders and investors to meet their yearly debt repayment and tax obligations, say industry players and property consultants. Although developers used to borrow funds at 2-2.5 per cent a month at the fag end of the year, the rate has touched a new peak of four per cent a month — cumulatively, 48 per cent per annum.]]></description>
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            <title><![CDATA[Raheja Developers plans Rs 1,000 crore investment on new township]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13693</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 02 Apr 2012 06:51:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Raheja Developers is planning to build an integrated township at Sohna near Gurgaon that could entail an investment of about Rs 1,000 crore over the next three years. The project, which is yet to get the final regulatory approval, is planned over an area of 108 acres that will be expandable up to 250 acres.]]></description>
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            <title><![CDATA[Urgency plea for land acquisition can&#039;t be done casually: Supreme Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13692</link>
			<source>The Times of India</source>
			<pubDate>Mon, 02 Apr 2012 06:50:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Urgency clause can be invoked by the government only in exceptional cases after &quot;applying its mind&quot;, the Supreme Court has ruled while quashing acquisition of land by the Delhi administration for a housing project in Rohini. The apex court said the burden of justifying acquisition by invoking the urgency clause under Section 17(1)(4) of Land Acquisition Act solely rests on the government as otherwise it amounts to depriving a person of his or her property.]]></description>
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            <title><![CDATA[METRO LIFTS PROPERTY MARKET IN VAISHALI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13691</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:51:06 +0530</pubDate>
			<description><![CDATA[The Times of India- Vaishali has emerged as a popular destination for middle-class buyers as it is located only 10km from ITO,Delhi.Its close proximity to Dabur Mohan Nagar Road has also given a boost to residential realty with innumerable housing projects coming up in the locality in the last few years. Developers like Ansal Housing,Amrapali Group,Antriksh,Supertech Ltd,Ashiana Housing Ltd,Gaursons India Limited,Mahagun,DesignArch and Ramprastha Group,have launched various projects in this area.]]></description>
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            <title><![CDATA[LUXURY HOMES NEW BUZZWORD IN NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13690</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:49:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Each person has a definition of &#039;luxury&#039;,depending on his or her social status and lifestyle.Thus,developers cater to a wide variety of demands,even within the &#039;luxury homes&#039; segment. In recent times,Noida-Greater Noida and Ghaziabad have seen an upsurge in the demand for luxury homes.With higher disposable incomes,the confidence is visible not just among buyers,but also among sellers. Taking a cue,several builders in the NCR have begun developing better and larger &#039;luxurious homes&#039;.]]></description>
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            <title><![CDATA[NOIDA SCORES BIG]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13689</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:48:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Noida Authority is ensuring that the place has world-class infrastructure where every sectoral player would like to come and invest. Infrastructure like roads,sewerage,power and water supply,etc,which has been developed in Noida,is far better than those in most new cities and urban agglomerations that have come up in the country. Excellent connectivity to New Delhi,Gurgaon and Faridabad has also made Noida a destination for business travellers and investors.]]></description>
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            <title><![CDATA[CROSSINGS REPUBLIK READYING FOR TENANTS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13688</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:47:35 +0530</pubDate>
			<description><![CDATA[The Times of India- The purpose in developing the Crossings Republik was to create a world-class township at affordable rates,away from hustle and bustle of Delhi,yet close to it and easily approachable through NH-24. Crossings Republik has emerged as a world-class integrated township where more than 2,000 families are readying to occupy their houses.]]></description>
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            <title><![CDATA[DELHIS URBAN LANDSCAPE BY 2021]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13687</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:46:23 +0530</pubDate>
			<description><![CDATA[The Times of India- The Master Plan of Delhi 2021 has been in force since 2007.Once this is re-implemented with the new land development policy,Delhi will also offer options to thousands of homebuyers.The capital city has still 27,628.9 hectares of land to fulfil the dreams of thousand of homebuyers. The DDA (Delhi Development Authority ) has earmarked land at Zone J,K1,K2,M,N,L,O,P1 and P2 for raising residential projects.According to the projections in the master plan,nearly 24 lakh residential units are required for an estimated 23 million people by 2021.]]></description>
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            <title><![CDATA[NAVARATRA BRINGS CHEER]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13686</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:45:25 +0530</pubDate>
			<description><![CDATA[The Times of India- Buyers are back in the realty market this Navaratra,lending credence to this festive season&#039;s reputation as a golden period for business in this sector.
There is flurry of activity in the offices of realty firms as buyers are coming out to seal deals.The mood is likely to remain upbeat till the end of summer vacation of schools.]]></description>
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            <title><![CDATA[REALTY SECTOR NEEDS STATUS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13685</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:44:32 +0530</pubDate>
			<description><![CDATA[The Times of India- When it comes to employment generation,the real estate sector comes next only to agriculture.Yet,it continues to be neglected,denied even the basic status of an industry. The real estate is booming and is a sector,next only to agriculture,which has the maximum growth potential in terms of employment generation and contribution to the GDP (gross domestic product).]]></description>
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            <title><![CDATA[IDBI cuts floating home loan rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13684</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:43:32 +0530</pubDate>
			<description><![CDATA[The Times of India- IDBI Bank has decided to reduce its floating home loan rates on new loans across loan slabs by up to a maximum of 75 basis points (bps).The countrys largest lender State Bank of India is also likely to extend a scheme where home loans of up to Rs 30 lakh are available at 10.5% instead of the card rate of 10.75%.]]></description>
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            <title><![CDATA[CAG slams BSY govt for irregular land allotments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13683</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Mar 2012 07:42:34 +0530</pubDate>
			<description><![CDATA[The Times of India- The Comptroller and Auditor General has criticized Karnataka BJP strongman B S Yeddyurappas administration for flawed acquisition and allotment of land for industry. The CAGs report,tabled in the assembly on Friday,came a day after a Supreme Court-appointed panel recommended a probe into alleged kickbacks received by a family firm of the former CM in return for grant of a mining lease.It could hurt BSYs comeback bid to the CMs office.]]></description>
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            <title><![CDATA[Valiant Mauritius to buy 22.75% stake in Shriram Housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13682</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 31 Mar 2012 07:41:43 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Valiant Mauritius Partners FDI Ltd will invest Rs 170.52 crore in Shriram Housing Finance, a subsidiary of Shriram City Union Finance Ltd, according to a press release from Shriram City.Shriram City will bring in Rs 165.44 crore. Both will bring in the funds simultaneously in three tranches over 2-3 years. The post equity valuation of Shriram Housing will be Rs 750 crore.]]></description>
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            <title><![CDATA[Powai township: No relief for Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13681</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 31 Mar 2012 07:40:49 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Supreme Court has allowed the Mumbai-based Hiranandani Developers to withdraw its plea against a Bombay High Court order, which restrained the company from further developing a piece of land in the city suburb Powai. The High Court had earlier stopped the construction till the company provided flats for people from economically weaker sections.]]></description>
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            <title><![CDATA[L&amp;T, KMC-ITNL emerge best bidders for Rs 7,000-cr highway projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13680</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 31 Mar 2012 07:39:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Larsen and Toubro, the KMC-IL&amp;FS Transportation consortium and Unity Infra among others have emerged as the best bidders for highway projects valued at a total estimated cost of Rs 10,000 crore. The bids were opened here on Friday. In the last three days, bids for highway projects of 1,144 km have been opened. With these, the National Highway Authority of India (NHAI) has inched closer to awarding 6,600 km of highway projects in the current fiscal — a record high and 28 per cent growth over the previous fiscal. Some key procedural improvements that helped NHAI save time include annual pre-qualification process and e-tendering. Another time-related process relaxation was made by an inter-ministerial committee, allowing NHAI to open bids early this year.]]></description>
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            <title><![CDATA[Godrej Properties enters re-development space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13679</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 31 Mar 2012 07:39:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Godrej Properties Ltd (GPL) will redevelop 18 residential buildings in Chembur, Mumbai. GPL&#039;s wholly owned subsidiary, Godrej Projects Development Pvt Ltd (GPDPL), has entered into an agreement with Kamla Landmarc Property Leasing and Finance (Kamla) to undertake the work. A triparte agreement has been signed by GLRPL, Kamla and the societies of the buildings for the purpose.]]></description>
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            <title><![CDATA[Godrej Properties to buy 34 acre in Vikhroli, Mumbai from group co for Rs 717 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13678</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 31 Mar 2012 07:38:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties&#039; subsidiary Godrej Vikhroli Property LLP has entered into an agreement with group company Godrej &amp; Boyce Manufacturing Company for buying 34.2 acres at Vikhroli suburb of Mumbai for Rs 717 crore, the company informed Bombay Stock Exchange on Friday.]]></description>
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            <title><![CDATA[Unitech moves court to stop Telenor from forming JV]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13677</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 31 Mar 2012 07:36:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developer Unitech Ltd has moved court to restrict Norway&#039;s Telenor from creating a new telecom joint venture in India. Unitech has also sought to prevent Telenor from transferring assets of their existing joint venture, Uninor, to the new entity, the company said in a statement issued on Wednesday. 
The Indian company&#039;s petition, filed in the Gurgaon district court under the Arbitration and Conciliation Act, invokes a non-compete clause in the shareholder agreement to restrain Telenor from directly competing with Uninor.]]></description>
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            <title><![CDATA[Row with Telenor fit for arbitration: Unitech]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13676</link>
			<source>The Times of India</source>
			<pubDate>Fri, 30 Mar 2012 07:20:55 +0530</pubDate>
			<description><![CDATA[The Times of India- Realty company Unitech on Thursday told Company Law Board (CLB) that its dispute with Norwegian firm Telenor over their joint venture Uninor was fit case for arbitration.Unitech counsels during argument told CLB that Telenor,which holds majority stake in Uninor,had invoked arbitration under Share Subscription Agreement to seek damages and indemnity,but was rescinding Share Holders Agreement.]]></description>
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            <title><![CDATA[CAG exposes multi-crore AP land scam]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13675</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 30 Mar 2012 07:19:30 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The &quot;benevolence&quot; of the Congress government in Andhra Pradesh in allocation of land (irregularly) for different purposes has caused enormous monetary loss running into several thousand crores of rupees between 2006 and 2011, the Comptroller and Auditor General (CAG) has said. Alienation/allotment of land by the AP Government during 2006-11 was characterised by grave irregularities, involving allotment in an ad-hoc, arbitrary and discretionary manner to private persons and entities at very low rates, without safeguarding the financial and socio-economic interests of the state, the CAG said in its audit report for 2010-11 which was tabled in the Assembly today.]]></description>
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            <title><![CDATA[‘Budget has not done enough to boost infrastructure sector&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13674</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 30 Mar 2012 07:17:40 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Union Budget 2012-13 has not done enough to boost the infrastructure sector. The allocation is less and offerings of foreign investment and external borrowings at high interest rates will only dampen the spirits, said Mr M. Gowtham Reddy, Executive Director of Ramki Infra. He pointed out that the grandiose Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) was affecting agriculture and infrastructure sectors. Not only was it draining precious funds without creating tangible assets, but was also weaning away workers from these crucial growth areas.]]></description>
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            <title><![CDATA[Unitech defends its right to seek arbitration]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13673</link>
			<source>Business Standard</source>
			<pubDate>Fri, 30 Mar 2012 07:15:49 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty company Unitech on Thursday told the Company Law Board its dispute with Norwegian firm Telenor over their joint venture Uninor was fit case for arbitration. Unitech counsels during argument told CLB that Telenor, which holds majority stake in Uninor, had invoked arbitration under Share Subscription Agreement to seek damages and indemnity, but was rescinding Share Holders Agreement.]]></description>
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            <title><![CDATA[Property prices above 2008 high in Mumbai, unsold flats rise too]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13672</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Mar 2012 07:14:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector is probably set to repeat its 2008 story of high prices and few buyers. Property experts believe the market is overheating again, breaching the peak levels of 2008, as developers show no sign of lowering prices despite poor sales. A recent Crisil report says sales of new homes declined 40% between March 2011 to Febuary 2012.]]></description>
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            <title><![CDATA[GPL to redevelop 18 residential buildings in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13671</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Mar 2012 07:11:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm Godrej Properties (GPL) today said it will be redeveloping 18 residential buildings at Chembur in central suburban Mumbai. Godrej Landmark Redevelopers (GLRPL), a subsidiary of Godrej Projects Development (GPDPL) will execute the project spread over 14,600 sq mt, which will offer around 600,000 sq ft of free saleable area]]></description>
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            <title><![CDATA[Emaar MGF sets up executive committee to take major decisions]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13670</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Mar 2012 07:10:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- Emaar MGF, the real estate joint venture between Dubai&#039;s Emaar Properties and the Delhi-based MGF, has constituted a four-member executive committee dominated by its foreign partner&#039;s nominees to take all major decisions, giving rise to speculation that the Dubai company may now play a larger role in the realty firm. Emaar&#039;s three representatives in the panel include group chief executive Low Ping, chief financial officer (CFO) Amit Jain and CFO of Emaar MGF Sanjay Malhotra, said two persons familiar with the development.]]></description>
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            <title><![CDATA[India will be No.1 economy in world by 2050: Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13669</link>
			<source>The Times of India</source>
			<pubDate>Thu, 29 Mar 2012 06:41:54 +0530</pubDate>
			<description><![CDATA[The Times of India- India will outpace China to become the worlds largest economy by 2050,boasting a GDP of $86 trillion,forecasts a report by global property firm Knight Frank &amp; Citi Private Bank.Leading the elephants charge will be Mumbai and New Delhi,which will feature in the list of top 20 cities globally within the next 10 years.
Going only by GDP growth,the wealth report says Mumbai and New Delhi will rank among the top 20 global cities in the next decade.While Mumbai is ranked 16th,New Delhi is ranked 20th in the list of cities surveyed in terms of economic activity,political power,quality of life,and knowledge and influence.]]></description>
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            <title><![CDATA[Gurgaon starts demolition drive against unauthorised construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13668</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Mar 2012 06:41:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- At least 195 structures were demolished in Gurgaon as part of the anti-encroachment drive undertaken by district administration and Town and Country Planning department. The drive started on Monday, on the directions of Deputy Commissioner P C Meena, and will continue till mid-April.]]></description>
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            <title><![CDATA[CWG flats: Yet another DDA bid to get court nod for auctions fails]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13667</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Mar 2012 06:40:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- Days after it issued completion certificates for 30 out of the 34 towers in the Commonwealth Games Village complex, and handed out the conveyance deed to developer Emaar MGF after receiving Rs 19 crore as dues, the Delhi Development Authority (DDA) made yet another attempt before the Delhi High Court on Tuesday to procure a nod for auctioning 110 flats in the complex, which is mired in a controversy over excess construction.]]></description>
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            <title><![CDATA[Cities may expand by area equal to 3 nations combined within 20 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13666</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Mar 2012 06:39:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- Burgeoning urbanization may pose a threat to humanity as experts have asserted that unless development patterns change, humanity’s urban footprint will occupy an additional 1.5 million square kilometres by 2030.
The area is comparable to the combined territories of France, Germany and Spain, according to experts at a major international science meeting underway in London.]]></description>
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            <title><![CDATA[State can&#039;t act merely as &#039;thunderbolt of authority&#039;: SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13665</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Mar 2012 06:38:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court has ruled that the government and its instrumentalities cannot grant or withhold its largess arbitrarily as it will be contrary to the citizens&#039; Constitutional right to equality under Article 14.
A bench of justices G S Singhvi and S J Mukhopadhaya said the state cannot be envisaged as simply a coercive machinery, wielding the &quot;thunderbolt of authority&quot; and must alienate its property only by way of auction or by inviting bids.]]></description>
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            <title><![CDATA[Maharashtra housing legislation not in public interest: Prabhu]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13664</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Mar 2012 06:37:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Maharashtra Societies Welfare Association has opposed the proposed Maharashtra Housing (Regulation and Development) Act, saying it was not in the public interest.The existing Maharashtra Ownership Flats Act, 1963 (MOFA) is in operation since 1964 and provisions on regulatory authority and appellate tribunal can be included by amending it, Ramesh S Prabhu, Chairman of the Association said.]]></description>
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            <title><![CDATA[F&amp;B drives retail rentals by 25% in Ahmedabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13663</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Mar 2012 06:36:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Even while office and other commercial ventures may have taken a beating, the food and beverage (F&amp;B) segment has been driving retail demand as well as rentals in Ahmedabad. According to developers, while demand from other segments may have trickled down, F&amp;B has been sustaining their business.]]></description>
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            <title><![CDATA[Why you should not buy that dream house you can&#039;t afford]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13662</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Mar 2012 06:36:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- It just doesn&#039;t make sense to be aggressive when it comes to buying a house now because of the higher real estate prices and interest rates. However, for most people buying a house is an emotional decision and it is not easy to reason with them. Financial experts say most of the arguments in favour of buying a house such as inconvenience of staying on rent, the wastage of money, &#039;you won&#039;t be able to buy a house if you don&#039;t buy one now&#039; and so on, just don&#039;t hold water.]]></description>
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            <title><![CDATA[Future Market Networks, Future group&#039;s realty arm plans to set up logistics parks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13661</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Mar 2012 06:34:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Future Group&#039;s real estate arm Future Market Networks is planning to set up eight infra-logistics parks with up to 2 million sq ft of space in each over the next three years. The listed company, which has been carved out of Pantaloon Retail India, has entered into an equal joint venture with IL&amp;FS and will spend over 1,200 crore on setting up such parks in Mumbai, Pune, the national capital region, Chennai, Bangalore, Kolkata, Vapi and Baddi.]]></description>
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            <title><![CDATA[HC: Dont permit Adarsh development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13660</link>
			<source>The Times of India</source>
			<pubDate>Wed, 28 Mar 2012 06:58:19 +0530</pubDate>
			<description><![CDATA[The Times of India- The Bombay high court on Tuesday passed interim orders directing that no further development permission be granted to Adarsh Housing Society till further orders.It also said that an earlier order to cancel the occupancy certificate,completion certificate,electricity and water connections would continue to be in force. Hearing a petition filed by the Army seeking demolition of the controversial 31-storey building at Mumbais Colaba on security grounds,a bench headed by Justice P B Majmudar asked Adarsh society lawyer Manish Desai if he did not consider security to be more important than commercial interest.]]></description>
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            <title><![CDATA[Godrej Properties to issue shares at R575]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13659</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Mar 2012 06:57:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty major Godrej Properties on Monday said it will issue equity shares to successful bidders under its institutional placement programme at R575 per share — the lower end of the price band. Godrej Properties, part of Godrej Group, would issue up to 81,86,810 shares and, at lower band of R575, the company would mop-up R470.75 crore. In a regulatory filing, the company said the securities issuance committee of its board of directors has finalised allocation of equity shares under the institutional placement programme to the successful applicants at R575 a piece.]]></description>
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            <title><![CDATA[Smart homes are gathering pace]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13658</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 28 Mar 2012 06:55:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Bangalore has seen “smart home” project launches by Sobha Developers and Mantri Developers in the past two weeks. “Smart homes integrate technology inside the house and the community with a security and comfort point of view,” Mr J.C. Sharma, Managing Director, Sobha Developers, told Business Line. On Tuesday, Mantri Developers tied up with networking giant Cisco for tech solutions for all its future projects. As part of this initiative, Cisco will plan the developer&#039;s 12 residential projects – 28 million sq. ft. of super built-up area – over the next five years.]]></description>
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            <title><![CDATA[Lavasa launches second township]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13657</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 28 Mar 2012 06:54:56 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Lavasa Corporation has announced the launch of Mugaon, the second township to be built at Lavasa. Mr Rajgopal Nogja, Group President, HCC, said, “Dasve and Mugaon, the first two towns are part of the planned Phase 1 development which has been cleared by the Ministry of Environment &amp; Forests. Dasve, the first town is completely sold out and, for Mugaon, we have a long waiting list.”]]></description>
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            <title><![CDATA[Jail for erring realty promoters in draft Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13656</link>
			<source>Business Standard</source>
			<pubDate>Wed, 28 Mar 2012 06:53:46 +0530</pubDate>
			<description><![CDATA[Business Standard- The Union ministry of housing &amp; urban poverty alleviation has refused to dilute the penalties to be imposed on non-compliant promoters in the final version of the Real Estate (Regulation and Development) Bill, despite industry opposition to the concept of sending the offender to jail. The latest draft legislation, expected to be taken up by the cabinet soon, has proposed up to three years jail or/and a penalty up to a tenth of the estimated cost of the real estate project in question for promoters willfully failing to comply with some key provisions.]]></description>
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            <title><![CDATA[Indians look at Sri Lanka to invest in vacation homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13655</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 28 Mar 2012 06:52:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Lankan government has been clearing huge parcels of land in Colombo, Jaffna, Mullativu, Kilinochchi, Trincomalee, Hambantota, Galle, Kandy, Batticaloa and Hill Country regions like Nuwara Eliya for residential, hospitality and other commercial projects. The country&#039;s urban development authority, a single-window clearance agency, has been given a mandate to identify, clear and allocate land to investors.]]></description>
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            <title><![CDATA[Raheja Developers to invest Rs 300 crore in group housing project at Dharuhera]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13654</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 28 Mar 2012 06:49:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- Raheja Developers today said it will invest about Rs 300 crore in a group housing project at Dharuhera in Haryana over the next 4-5 years. The project, Oma, will house 640 apartments and will be one of the tallest buildings in the area with 40 storeys, the company claimed. &quot;This is a very important project for us that will have all the luxury elements. We have already started construction and will invest about Rs 300 crore to develop it,&quot; Raheja Developers Chairman and MD Navin M Raheja said.]]></description>
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            <title><![CDATA[Sunteck Realty plans to spend Rs 5,400 crore by 2020]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13653</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 28 Mar 2012 06:48:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sunteck Realty plans to spend around Rs 5,400 crore through the rest of this decade to develop 8 million sqft of commercial and residential property. &quot;We will be spending Rs 5,400 crore over the next 7-8 years to develop 18 million sqft worth projects, mostly across the metropolis,&quot; the realty developer&#039;s Vice-President for finance Sumesh Mishra told PTI here today. The firm is currently developing 27 projects of around 35 million sqft. Of this 18 million sqft are exclusively developed by Sunteck, while the rest are under partnerships, he said.]]></description>
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            <title><![CDATA[Proposed stamp duty hike weighs on realty stocks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13652</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Mar 2012 06:44:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Shares of realty companies tumbled on Monday on a proposed hike in stamp duty rates in Maharashtra. DB realty and HDIL were the biggest losers among the benchmark realty indices, losing 7-8%. Even companies active in commercial residential segment — Indiabulls Real Estate, Godrej Properties and Phoenix mills — lost more than 3%, while Unitech, and DLF lost close to 4%. The realty index was the biggest loser among the sectoral indices on both exchanges, losing 3.6% on Monday’s trade.]]></description>
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            <title><![CDATA[Mumbai home prices won&#039;t fall: CRISIL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13651</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Mar 2012 06:42:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- Despite a 40 per cent decline in new home sales in 2011, new home prices in the financial capital of the country is unlikely to decline this year, according to CRISIL Research. CRISIL Research expects a 7-9 per cent increase in the costs of key inputs in 2012, following a 25 per cent increase in these costs the year before.]]></description>
			</item><item>
            <title><![CDATA[A hand up for affordable housing in TN Budget]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13650</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 27 Mar 2012 06:42:16 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Tamil Nadu Government has decided to waive a portion of the interest on home loans for borrowers from housing co-operatives societies. This is among the measures to make housing affordable for people in the low and middle-income group.To increase the supply of affordable housing for people in the low and middle income category, real estate developers will be allowed to construct larger buildings in a given land area without additional charge.]]></description>
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            <title><![CDATA[Power, expressways, SEZs, MSMEs are priorities of UP govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13649</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Mar 2012 06:41:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Even as initial euphoria around the victory of Samajwadi Party in the Uttar Pradesh Assembly poll is subsiding, the new government led by the state’s youngest ever chief minister Akhilesh Yadav has its task cut out on the fiscal and industrial front. While, the incumbent regime requires deft budgetary management to provide for the enormous sops promised in the SP poll manifesto, it needs to chalk out a comprehensive industrial and economic blueprint.]]></description>
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            <title><![CDATA[Holcim expects India&#039;s construction market to be No. 3 after US, China]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13648</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Mar 2012 06:40:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Switzerland-based cement maker Holcim, one of the top players in the global cement industry, expects the Indian construction market to more than double by 2020. Holcim, which entered India in the middle of the last decade, has its presence in the country through two established brands — ACC and Ambuja Cements. Collectively, these companies have the largest market share in India.]]></description>
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            <title><![CDATA[World Bank to help fire up India’s infrastructure development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13647</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Mar 2012 06:39:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- World Bank has said it will extend full financial support to India to help enhance the abysmal level of infrastructural development in the country in the 12th Five Year Plan that begins next fiscal. The World Bank president Robert B Zoellick, who begins his fifth and last official visit to India on Monday, has expressed intent to discuss innovative methods of financing with Indian leaders during his stay.]]></description>
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            <title><![CDATA[Why you should register your property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13646</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Mar 2012 06:56:18 +0530</pubDate>
			<description><![CDATA[The Times of India- The process not only provides legitimacy of ownership but also allows you to carry out transactions in the future. Procrastination can often exact a heavy price.Nearly 15 residents of a housing society at Vikroli,Mumbai,discovered this when they delayed registering their property for more than two decades.Says 59-year-old Francina DSouza,society secretary: When the building was constructed in 1985,40 of the 55 buyers got their flats registered,but the remaining 15 were duped by a lawyer and didnt realise that this was necessary.This came to light only recently when some of the owners wanted to sell their apartments and found it impossible to do so.]]></description>
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            <title><![CDATA[Property around Delhi to get dearer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13645</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Mar 2012 06:55:28 +0530</pubDate>
			<description><![CDATA[The Times of India- New houses and plots offered by the UP Housing and Development Board (UPHDB) in Ghaziabad and Loni may cost nearly 20% more with the state government agency planning to jack up prices in the new financial year.
An internal committee of the board has recommended a raise of 5%-25 % in the land cost in various schemes across Uttar Pradesh.This will lead to an increase of 10%-16 % in case of a majority of housing board properties.But for areas around Delhi,the rise could be more,sources said.]]></description>
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            <title><![CDATA[Noida homebuyers join Anna brigade]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13644</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Mar 2012 06:54:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers of Noida Extension joined Anna Hazare in his one-day fast at Jantar Mantar in large numbers.The buyers,who had gathered under the banner of Noida Extension Flat Owners and Members Association (NEFOMA),demanded that Anna also pay attention to the plight of thousands of middle-class families who have not been able to gain possession of the flats booked by them in the area.This is due to the ongoing land row as well as corruption and red tape.
Buyers wanted that corrupt officials responsible for the precipitation of the housing crisis in Noida Extension be punished.They also asked for the formation of a regulatory authority for the real estate sector at the earliest,so that builders are required to follow guidelines that will ensure protection of all homebuyers.]]></description>
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            <title><![CDATA[UP housing board to raise property rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13643</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Mar 2012 06:53:57 +0530</pubDate>
			<description><![CDATA[The Times of India- New houses and plots offered by the Uttar Pradesh Housing and Development Board in Ghaziabad and Loni may cost nearly 20% more with the agency planning to jack up prices in the new financial year. An internal committee of the board has recommended a raise of 5-25 % in the land cost in various schemes across UP.This will lead to an increase of 10-16 % in case of a majority of housing board properties.But for areas around Delhi,the rise could be more,sources indicated.]]></description>
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            <title><![CDATA[New Gurgaon: Uncertain future]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13642</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Mar 2012 06:53:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- As the city of Gurgaon grew and expanded its boundaries, newer areas needed to be brought under the development umbrella. The new upcoming sectors in Gurgaon encompass the region surrounding the under-construction Dwarka-Gurgaon Expressway (also called the Northern Peripheral Road). Most of these sectors are approved for group housing projects, with a handful of commercial projects also approved for development.]]></description>
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            <title><![CDATA[Home Loans: Revisiting the basics]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13641</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Mar 2012 06:52:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- It is that time of the year when most prospective home owners settle on a property of their choice and start the process of actual purchase. Here are a few tips to make the most significant investment of a lifetime, hassle free.
Reduce liability with higher down payment: The Reserve Bank of India recently brought in a new ruling effective from February, this year to curb property values being inflated.]]></description>
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            <title><![CDATA[The urban poor deserve their due]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13640</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Mar 2012 06:52:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- For a variety of reasons, land in urban areas has become a very expensive resource, more a commodity.
The few rich can have easy access to urban land while the large majority of the low income and economically weaker sections of the population just cannot afford it.
The middle income population does a tightrope walk and manages by way of leveraging through home loans and other means. While our population pyramid has a huge base of low income population with extremely low affordability, they have little or no access to land for housing.]]></description>
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            <title><![CDATA[BofA allows homeowners to rent, avoid foreclosure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13639</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Mar 2012 06:51:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Bank of America, the second-largest US bank, started a programme this week to allow mortgage borrowers facing foreclosure to stay in their homes as renters while transferring title back to the lender. The pilot programme, dubbed “Mortgage to Lease”, will begin with fewer than 1,000 borrowers in Arizona, Nevada and New York, the bank said in a statement on Friday. Homeowners will transfer title to the bank and have their mortgage debt forgiven, the lender said. They’ll then be able to lease the home from the bank for as many as three years, at or below market rates.]]></description>
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            <title><![CDATA[Green Homes from Green Tree]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13638</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Mar 2012 06:49:56 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Green Tree Homes and Ventures Pvt Ltd has launched Green 201, a residential project at Pudupakkam, on Old Mahabalipuram Road near Siruseri IT Park. The developers have targeted the young in the early stage of the career, and are offering residential units of 1,040-1,367 square feet, priced at approximately Rs 35-50 lakh.]]></description>
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            <title><![CDATA[Demand for office space to be slow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13637</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Mar 2012 06:49:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- ITES and BFSI continue to be primary demand drivers of office space in India in 2012, says DTZ Occupier Perspective: India Office Demand Survey 2011. According to a statement from DTZ, Delhi NCR and Bangalore are the preferred IT/ITES destinations, while Mumbai is BFSI&#039;s favourite. Among the smaller towns and cities, information technology companies are looking at Bhubaneswar, Chandigarh and Jaipur, while the banking, financial services and insurance players prefer Ahmedabad. Gurgaon is a preferred micro market in Delhi NCR. This is following a survey of office occupiers in India in late 2011. DTZ found that occupiers&#039; sentiment has turned cautious, particularly after the latter half of 2011, due to the global economic uncertainty, and is likely to remain so in 2012 and 2013. The key highlights of the report are:]]></description>
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            <title><![CDATA[We need a good land policy for realty sector: R V Verma]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13636</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Mar 2012 06:48:40 +0530</pubDate>
			<description><![CDATA[Business Standard- The National Housing Bank (NHB) is in the process of establishing linkages between a central registry and state property portals, in a step to prevent real estate frauds involving financing. It is also preparing for a Rs 500-crore bond issue. Chairman and Managing Director R V Verma spoke to Dilasha Seth &amp; Nivedita Mookerji on these issues and more.]]></description>
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            <title><![CDATA[DLF Brands on expansion mode]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13635</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Mar 2012 06:47:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF Brands, a subsidiary of real estate giant DLF Ltd, has aggressive plans to expand its retail business by introducing more international brands into India, besides opening at least 50 new outlets every year in the country. According to a top official, DLF Brands is in talks with a European cosmetic brand for their India entry.]]></description>
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            <title><![CDATA[FDI in retail: Local sourcing seems to work well in multi-brand retail, but not in single brands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13634</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Mar 2012 06:47:14 +0530</pubDate>
			<description><![CDATA[The Times of India- The government will consider waiving the local sourcing requirement for foreign investors in single-brand retail on a case-to-case basis to attract investments, a senior government official told ET. In January, the government raised the foreign direct investment (FDI) limit in single-brand retail from 51% to 100% with some riders, including mandatory sourcing of 30% of inputs from local small- and medium-sized companies. The sourcing requirement, however, seems to be discouraging retailers from increasing their stake beyond 51% and is also keeping away those considering an India foray.]]></description>
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            <title><![CDATA[HC quashes land acquisition in Gr Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13633</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:49:50 +0530</pubDate>
			<description><![CDATA[The Times of India- The Allahabad high court on Friday cancelled the acquisition of five hectare land by the Greater Noida Authority in Birandi Chakrasenpur village of Greater Noida.Authoritys acquisition of land in Omicron 3 and Pi sector of Greater Noida has been quashed since it was done using the urgency clause in 2008. The acquired land has already been allotted to the cooperative societies.But they are yet to start construction work.According to a senior official of the authority,they will file a special leave petition in the matter soon.A division bench of Justice Sunil Ambwani and Justice Manoj Mishra allowed the writ petition filed by farmer Ram Singh and others challenging the government notification dated November 19,2008 and March 23,2009 issued under the Land Acquisition Act.]]></description>
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            <title><![CDATA[MONITOR THE CONSTRUCTION!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13632</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:49:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Most of us dream of owning a house one day,and we do not mind stretching our resources to buy one.Yet,more often than not,a majority of us hardly spend time in keeping track of the construction of our houses.Also,we hardly interact with either the architect or the builder - either of our own independent houses or the apartment where we have booked our flats - during the construction period. Another blemish - while building our houses,we hardly notice the special needs of the left-handed members in our family.]]></description>
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            <title><![CDATA[EAST DELHI EXTENSION: A NEW REALTY HUB]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13631</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:47:05 +0530</pubDate>
			<description><![CDATA[The Times of India- With the NCR development board according East Delhi Extension priority in development and budgetary allocations,this area will soon be in demand and prove a safe investment destination. Developers are exploring new places in and around the NCR,as the pressure of increasing population and unavailability of land forces them out of Delhi and its immediate suburbs.]]></description>
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            <title><![CDATA[FLATS ON NH-24 IN DEMAND]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13630</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:46:13 +0530</pubDate>
			<description><![CDATA[The Times of India- The land-acquisition issue last year brought back customer interest in Indirapuram,Vaishali,Vaishali Extension,among others. The National Highway 24 is having a renewed demand from end users in the past couple of months.The land-acquisition issue last year brought back the customer interest to this part of the NCR.The localities benefiting through this development include Indirapuram,Vaishali,Vaishali Extension,among others.]]></description>
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            <title><![CDATA[MEERUT RIDING ON THE CREST OF DEMAND]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13629</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:45:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Meerut has rapidly come up as a strategic real estate destination owing to its close proximity to the Delhi NCR.It is connected to Delhi by NH-58.Today,as the mid- and the lower-middle class end users find property in the NCR out of their reach with real estate prices hitting the roof here,Meerut has shaped up as an ideal destination catering to the increasing housing demands on one hand,while maintaining the prices within affordable limits on the other.]]></description>
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            <title><![CDATA[BUDGET: THE GOOD,THE BAD AND THE UGLY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13628</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:44:29 +0530</pubDate>
			<description><![CDATA[The Times of India- The Union Budgets impact on real estate sector has been variously described as status quo,hugely disappointing and a lost opportunity.The good news is the emphasis on affordable housing and the bad news is the increase in service tax and excise duty.Overall,its a mixed bag.]]></description>
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            <title><![CDATA[GURGAON SS FIRST PRIVATE SKY DECK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13627</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:43:46 +0530</pubDate>
			<description><![CDATA[The Times of India- SARE Homes has launched Petioles,privacy apartments with Gurgaons first luxury private sky deck. Petioles,launched in Sector 92 of Gurgaon,is being developed on a 48-acre integrated township,comprising 4BHK and 4BHK + servant room apartments. The size of the units are in the range of 2,040-2,226 sq ft.Each floor would have just three apartments designed with a view to offer maximum privacy.Buyers will get to enjoy Gurgaons first luxury private sky deck consisting of a viewing deck,a yoga and meditation zone,a water wall and a putting green,according to SARE (South Asian Real Estate).]]></description>
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            <title><![CDATA[REALTY CHECK: NO GAINS IN BUDGET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13626</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:42:52 +0530</pubDate>
			<description><![CDATA[The Times of India- The realty sector anticipated fiscal incentives supported by favourable regulatory environment,which is missing in the Union Budget. The Union Budget on March 16 shows that finance minister Pranab Mukherjee has not matched the expectations of the real estate players.
What is its impact on real estate market Answer: Your dream house will now cost more.Reasons: Nothing has been done on that front.Instead,the real estate industry will have to grapple with even higher rates of service tax and excise duties.All these will result in an increase in cost of construction by nearly Rs 50-100 per sq ft,which will ultimately be passed on to customers.]]></description>
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            <title><![CDATA[GREEN LIGHT FOR NOIDA EXTENSION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13625</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Mar 2012 07:42:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The NCR Planning Board on Thursday gave a conditional approval for Greater Noida Master Plan 2021,which will pave the way for development of Noida Extension without any further delay. Around 50,000 homebuyers will heave a sigh of relief,as the uncertainty surrounding the fate of Noida Extension housing projects seems to be almost over. The NCR Planning Board (NCRPB) on Thursday gave a conditional approval for Greater Noida Master Plan 2021,which will pave the way for development of a township on 2,500 hectare of land in Greater Noida.The area is known as Noida Extension owing to its proximity to central Noida.]]></description>
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            <title><![CDATA[Construction in Greater Noida may take another month to resume]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13624</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Mar 2012 07:41:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- Members of the NCR Planning Board (NCRPB) on Thursday said they had sent revised proposals for the Greater Noida Master Plan to the new Uttar Pradesh government and a final decision on pending construction projects would be taken in a month’s time. Union Urban Development Minister Kamal Nath said, “This issue was also discussed in NCR Planning Board meeting. A solution is likely soon. The Master Plan is under review and the revised proposals will now be looked into by the new government. The issue should be sorted out by next month.”]]></description>
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            <title><![CDATA[&#039;NRIs fear DTC taxing property, deposits&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13623</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Mar 2012 07:40:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Non-Resident Indian (NRIs) industrialists here have expressed apprehensions about the proposed Direct Tax Code (DTC), which may tax their property and foreign currency deposits in India. Though the new tax code awaits legislative approvals and passages, there has been a wide-spread concern about its impacts on properties owned by NRIs who return to India for short stays and then lock the premises without renting.]]></description>
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            <title><![CDATA[Another Gr Noida land acquisition axed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13622</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Mar 2012 07:39:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- In yet another case of annulment of land acquisition by Uttar Pradesh government in Greater Noida, the Allahabad High Court today directed authorities to return five hectares of land to two farmers from Gautam Buddh Nagar district. The court also imposed a cost of Rs 25,000 on the state government and the Greater Noida Industrial Development Authority (GNIDA).]]></description>
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            <title><![CDATA[Court upholds tax benefit claim for under construction house]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13621</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 24 Mar 2012 07:38:57 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- When a law seeks to encourage rollover of proceeds of a capital asset into a residential house with a view to overcome housing shortage, it should be given a beneficial construction and tax benefit allowed even if technically the construction of the house has not been completed within the time allowed so long as the requisite amounts have been invested in the house. This was the verdict of the Karnataka High Court in CIT.]]></description>
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            <title><![CDATA[Unitech seeks arbitration in JV dispute with Telenor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13620</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Mar 2012 07:38:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Unitech Ltd on Friday sought the Company Law Board&#039;s approval to move a case on a dispute over their telecoms joint venture with Norway&#039;s Telenor to an arbitration panel, potentially escalating the row. Lawyers for the Norwegian company told the Company Law Board that they would oppose Unitech&#039;s petition in arguments scheduled for Monday.]]></description>
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            <title><![CDATA[Housing start-up index on IIP lines soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13619</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Mar 2012 07:37:39 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) is expected to finalise a quarterly Housing Startup Index (HSUI) by the end of this year, to track construction in the sector. It is to be patterned on the Index of Industrial Production (IIP), which indicates industry numbers in the gross domestic product.]]></description>
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            <title><![CDATA[Lenevo opens 11 stores across Maharashtra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13618</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Mar 2012 07:36:48 +0530</pubDate>
			<description><![CDATA[Business Standard- Lenovo, India’s second largest PC maker, is opening new 11 Lenovo exclusive stores across Maharashtra. The initiative builds on Lenovo’s overarching plan to invest in retail expansion across high potential tier 2-5 cities. Also, it aims to open 1,000 exclusive stores by the end of March 2012.]]></description>
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            <title><![CDATA[Consultants look to launch realty funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13617</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Mar 2012 07:36:11 +0530</pubDate>
			<description><![CDATA[Business Standard- US-based property consultants CB Richard Ellis (CBRE) and Jones Lang LaSalle(JLL) could soon follow international property consultant Knight Frank in launching a third-party realty fund in the country.
The Indian arm of CBRE is looking at raising Rs 250 crore for its maiden third-party property fund in India, said a source. CBRE is looking at tapping some large high net worth individuals (HNIs) for the domestic fund, which will have a Rs 500-crore corpus, he said.]]></description>
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            <title><![CDATA[Emaar MGF pays dues to Delhi Development Authority for Commonwealth Games flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13616</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Mar 2012 07:35:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- The long wait of buyers for the possession of Commonwealth Games flats seems to be over as developer Emaar MGF has paid the contractual amount due to the Delhi Development Authority (DDA) following which the agency would release the flats from its possession.]]></description>
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            <title><![CDATA[DLF in talks to sell Mumbai land, Piramal Realty, Oberoi Realty in race: Sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13615</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Mar 2012 07:34:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF is back in the market to sell it&#039;s prime land in Mumbai&#039;s Lower Parel area. The company is in close talks with a consortium of developers who have offered to pay Rs 2500 crores for the land parcel, sources said.
Consortium includes Mumbai-based developer Vallabh Sheth and Pune-based builder Avinash Bhonsale. A well diversified group with realty business may also join the group for funding purposes.]]></description>
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            <title><![CDATA[Unitech-Telenor dispute: Unitech moves company law board for arbitration]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13614</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Mar 2012 07:33:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developer Unitech on Friday sought the Company Law Board&#039;s approval to settle the ongoing dispute with its JV partner Telenor through arbitration. 
But the Norwegian telecom major is set to oppose this move on Monday, when the board will hear the matter again. The development implies that Telenor has rejected Unitech&#039;s demand for payment of about $150 million to exit the JV and sell its 32.7% stake in Unitech Wireless to the Norwegian company.]]></description>
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            <title><![CDATA[Raheja Universal to sell a chunk of land in Navi Mumbai project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13613</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Mar 2012 07:32:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty developer Raheja Universal has put a 38-acre land parcel, which is part of its flagship project Raheja International Corporate City, including an information technology Special Economic Zone in Navi Mumbai, on the block, said three persons familiar with the development.]]></description>
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            <title><![CDATA[INVESTORS MAY FIND ROAD LESS BUMPY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13612</link>
			<source>The Times of India</source>
			<pubDate>Fri, 23 Mar 2012 07:07:14 +0530</pubDate>
			<description><![CDATA[The Times of India- The uncertainty surrounding the fate of the Noida Extension housing projects seems to be almost over. The NCR Planning Board (NCRPB) has suggested certain changes to be incorporated in the master plan before it could be approved by the board’s technical committee, which, the sources said, could be done by this April. On Thursday, Union urban development minister Kamal Nath said the state government would no longer need the board’s approval on the changes made in the Greater Noida Master Plan 2021, which is prerequisite for any work on the development projects in the area to resume.]]></description>
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            <title><![CDATA[95 NHAI projects delayed due to law &amp; order problems: Govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13611</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:06:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government today said 95 projects implemented by the National Highways Authority of India (NHAI) have been delayed due to land acquisition and law and order problems in various states. &quot;Ninety five projects implemented by NHAI and 126 projects by various state Public Works Departments (PWDs) and Border Roads Organisation (BRO) have been delayed,&quot; Minister of State for Road, Transport and Highways Jitin Prasada informed the Rajya Sabha in a written reply.]]></description>
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            <title><![CDATA[UNI Global warns India on FDI in retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13610</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:05:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- Switzerland-based UNI Global Union today said India must put &quot;several checks and balances&quot; before opening the retail market to foreign players otherwise it will lead to &quot;widespread displacement and poor treatment of workers&quot;. UNI Global Union that claims to represent 900 labour unions across the globe said such unwanted consequences could also be felt in logistics, agriculture and manufacturing sectors.]]></description>
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            <title><![CDATA[Govt may modify FDI norms for single brand retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13609</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:04:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government is likely to modify the guidelines for FDI in single-brand retail to ensure that foreign retailers can have long term relationship with micro and small enterprises (MSEs). The changes, according to sources, would address the concerns of the foreign retailers about 30 per cent mandatory sourcing of their requirements from MSEs even after they become big and lose MSE tag.]]></description>
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            <title><![CDATA[People back in vacated buildings, Mayor says report linked to polls]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13608</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:04:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- The two-volume report by the Commission of Inquiry on the collapse of the Lalita Park building puts the “institutional responsibility for the collapse” on the MCD. More than a year after the incident, Newsline visited the site to corroborate the claims of the Commission. On ground zero, while life goes on as usual, residents claim a total indifference toward and from the MCD.]]></description>
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            <title><![CDATA[East Delhi buildings not quake-proof: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13607</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:03:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- A survey of East Delhi has revealed the area’s vulnerability to damage from earthquakes, due to unauthorised construction and lack of adherence to norms. The survey was carried out by the National Institute of Disaster Management with the help of MCD engineers, who were trained for the task. A representative sample survey of 1 per cent of the total buildings (10,000 structures) was carried out by means of Rapid Visual Screening in all the 64 wards of MCD. The survey covered the entire area of East Delhi, spread over 124 sq kilometres.]]></description>
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            <title><![CDATA[One plot, 3 land use categories: Inquiry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13606</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Mar 2012 07:02:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Can a plot of land be earmarked for construction of a road, a house and at the same time also be reserved exclusively for government use? That’s the question which baffled the Commission of Inquiry that probed the Lalita Park mishap, as the plot on which the building was constructed was earmarked for contradictory purposes in official records.]]></description>
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            <title><![CDATA[Godrej Properties successfully closes IPP offering first to use this route]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13605</link>
			<source>Business Standard</source>
			<pubDate>Fri, 23 Mar 2012 07:02:03 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate company Godrej Properties on Thursday became the first to conduct a share-sale through the new Institutional Placement Programme (IPP) route. Despite the weakness in the underlying secondary market, the Mumbai-based company received bids for 8.7 million shares, against the 8.18 million fresh ones on offer. Depending upon where the company will price the offering, the sale will fetch it between Rs 470 crore and 507 crore. It had fixed a price band of Rs 575-620 per share.]]></description>
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            <title><![CDATA[Lemon Tree Hotel to add 2,000 rooms in next 2 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13604</link>
			<source>Business Standard</source>
			<pubDate>Fri, 23 Mar 2012 07:01:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Lemon Tree Hotel group is eyeing an additional 2,000 rooms in the next couple of years. Rahul Pandit, president &amp; CEO of the Delhi-based hospitality player, said from 1,969 rooms across 18 properties, the group on Thursday was looking at an additional 2,000 rooms with hotels coming up in metro cities including Mumbai apart from mapping cities including Hyderabad, Gurgaon and Pune.]]></description>
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            <title><![CDATA[Kotak Realty to invest Rs 120 crore in Parsvnath Developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13603</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Mar 2012 07:00:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project, more than one person in the know of the deal said.]]></description>
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            <title><![CDATA[Caretaker, servants cannot claim ownership of property: SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13602</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Mar 2012 06:59:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- One can not acquire title to a property only because he or she had been allowed to stay in the premises gratuitously for long, the Supreme Court has ruled, asking courts to deal firmly with those embroiling innocent owners in prolonged real estate litigations. A three-judge bench of justices Dalveer Bhandari, H L Dattu and Deepak Verma also laid fresh guidelines that caretakers, watchman or servants do not acquire any title to a property merely because of its possession by them for several years.]]></description>
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            <title><![CDATA[Assotech Realty to pump Rs 300 cr in Noida commercial project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13601</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Mar 2012 06:58:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Property developer Assotech Realty today said it will develop a commercial project in Noida with an investment of about Rs 300 crore. The 14-acre project -- Assotech Business Cresterra -- will have a total saleable area of 1.4 million square feet comprising 1.2 million square feet of office space, 150 service apartments and about 70,000 square feet of retail space.]]></description>
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            <title><![CDATA[Take a pragmatic approach in realty cases, Supreme Court tells Judiciary]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13600</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Mar 2012 06:58:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Expressing serious concerns over escalating real estate litigations in the country, the Supreme Court has directed the judiciary to take a pragmatic approach and scrutinise carefully pleadings and documentary evidences in such cases to dissuade frivolous litigations. &quot;Litigation pertaining to valuable real estate properties is dragged on by unscrupulous litigants in the hope that the other party will tire out and ultimately would settle with them by paying a huge amount.]]></description>
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            <title><![CDATA[Godrej Properties plans 2 projects in Kolkata]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13599</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 23 Mar 2012 06:57:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Godrej Properties Ltd, a subsidiary of the Godrej Group, is planning to set up two real estate projects in the city next fiscal (2013-14). “We will start two real estate projects in Kolkata in 2013-14 on a joint venture basis,” Mr Adi Godrej, Chairman-designate, Godrej Group, said on the sidelines of the Confederation of Indian Industry&#039;s annual regional meeting here on Thursday.]]></description>
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            <title><![CDATA[Assotech to go pan-India with serviced apartments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13598</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 23 Mar 2012 06:56:09 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Delhi-based real estate player Assotech Realty has said it will take pan-India stride by opening serviced residence in 25 major cities across India. “We have already acquired land in Hyderabad, Ahmedabad and Katra in Jammu to launch our serviced apartment projects. We are in the process of acquiring land in other major cities,” said Mr Neeraj Gulati, managing director of Assotech Realty.]]></description>
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            <title><![CDATA[Post-Budget pessimism on investor interest in SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13597</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Mar 2012 07:27:07 +0530</pubDate>
			<description><![CDATA[Business Standard- In the wake of the Union Budget proposals, developers of Special Economic Zones (SEZs) say the scheme is heading for an end, with investors’ interest certain to reduce drastically. Developers of SEZs were expecting some positive announcement in the Budget over removal of the Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT). However, their hopes were belied. According to an expert on the sector, this is going to deal a big blow, especially to service sector SEZs — manufacturing SEZs might still survive, due to sheer scale of investment and capital intensiveness.]]></description>
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            <title><![CDATA[LIC Housing raises Rs 810 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13596</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Mar 2012 07:26:18 +0530</pubDate>
			<description><![CDATA[Business Standard- LIC Housing Finance on Wednesday said it has raised Rs 810 crore by issuing preference shares to its promoter, LIC. Three crore equity shares of face value of Rs 2 each at a premium of Rs 268 per share were issued to LIC on preferential basis, LIC Housing Finance said in a filing on the Bombay Stock Exchange. The fund infusion would help raise capital adequacy ratio.]]></description>
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            <title><![CDATA[Gain for realty, a struggle for aviation &amp; power]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13595</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Mar 2012 07:25:44 +0530</pubDate>
			<description><![CDATA[Business Standard- Housing finance companies (HFCs) may be able to access external commercial borrowings (ECBs), a route allowed in the Budget, while the aviation and power sectors would face hurdles in accessing this financing window. Arrangers are of the view that prominent HFCs could tap funds with ease despite the stigma attached to the mortgage industry since the sub-prime crisis of 2008. “Housing finance companies will be among the best-placed in terms of ECB access for a large part from specialised financial institutions that focus on this sector,” Brijesh Mehra, managing director, country head-international banking, RBS Markets and International Banking.]]></description>
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            <title><![CDATA[Promoters of Godrej Properties to sell stake through IPP route]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13594</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Mar 2012 07:24:50 +0530</pubDate>
			<description><![CDATA[Business Standard- After a lukewarm response to the offer for sale (OFS) route for offloading equity stake in companies, promoters of Mumbai-based Godrej Properties have decided to test the institutional placement programme (IPP) route to sell a 10.6 per cent stake in the company. Both OFS and IPP were introduced by the Securities and Exchange Board of India (Sebi) this year to allow promoters to bring their stakes to the stipulated limit.]]></description>
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            <title><![CDATA[‘Satellite townships can stem the rot’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13593</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Mar 2012 07:24:04 +0530</pubDate>
			<description><![CDATA[The Times of India- The stupendous growth of east Delhi over the last few decades has come with a set of problems. Colonies have mushroomed and constructions have gone up, which are mostly unplanned and of poor quality. This has been highlighted in the report of the Delhi government-appointed Commission of Inquiry on structural safety of buildings. The Commission has recommended strict implementation of building bylaws and decongestion of the area by developing satellite townships.]]></description>
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            <title><![CDATA[CM shames MCD with Lalita Park]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13592</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Mar 2012 07:23:06 +0530</pubDate>
			<description><![CDATA[The Times of India- The inquiry commission probing the Lalita Park building collapse has given Delhi government yet another reason to justify its decision to trifurcate MCD. In its 296-page report, which was tabled in Delhi Assembly on Wednesday, the commission has indicted MCD for many lapses. Chief minister Sheila Dikshit later cited trifurcation of the civic agency as part of its action taken report. Interestingly, the government passed the bill to trifurcate MCD on December 1 last year, 11 days before the report was submitted by the commission. Sources say the timing of the release of the report is significant as it shows the BJP-led MCD in a bad light when the civic polls are to be held within a month.]]></description>
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            <title><![CDATA[Service tax hike will push up property rates: Builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13591</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:21:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- The real-estate sector in the city is bracing for a major property rate hike following the new excise and service tax rates announced in the Union Budget. Even though there is only 2 percent increase in service tax and excise duty, the impact is set to increase property rates between Rs 50-100 per square feet. Property developers in the city said they will pass the burden of increase in tax rate on to consumers, but pointed out that there will be no hike in rates of properties for which bookings had already been made. Director of B U Bhandari Landmarks, Anuj Bhandari, said that the “increase in duty rates will be passed on to consumers. “]]></description>
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            <title><![CDATA[BJP-ruled MCD blamed for 70 deaths in Lalita Park bldg collapse]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13590</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:21:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Squarely blaming the BJP-ruled MCD for the 2010 Lalita Park building collapse in which 70 people died, an inquiry appointed by Delhi government has castigated the civic body for &quot;miserably failing&quot; in finding out the existence of the unauthorised structure for several years. The Commission of Inquiry headed by retired Justice Lokeshwar Prasad also took a dig at the Delhi Development Authority (DDA) for its failure in preventing the owner of the building from adding several floors to the unauthorised structure.]]></description>
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            <title><![CDATA[&#039;Violation of green norms should attract stiff fine,even jail&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13589</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:20:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Environment and Forests Minister Jayanthi Natarajan today pitched for harsh penalty, even imprisonment, for violation of environmental guidelines by corporates. Speaking at a national convention on environment, she said the present maximum penalty of Rs 1 lakh for violation of green norms by corporates is &quot;pathetic&quot; and &quot;ridiculous&quot;.]]></description>
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            <title><![CDATA[Maharashtra Govt promises inquiry against builder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13588</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:19:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra Government today promised an inquiry into allegations against city-based Akruti Developers in connection with a project in the neighbouring Thane. &quot;I assure the House that I and the secretary of Urban Development Department will look into the irregularities that have come to light in Thane,&quot; Minister of State for Urban Development, Bhaskar Jadhav, said in the Legislative Council.]]></description>
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            <title><![CDATA[HC seeks DDA records of its land allegedly grabbed by MLA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13587</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:18:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- The capital&#039;s land owning agency DDA was today directed by the Delhi High Court to produce its records relating to a piece of land, allegedly encroached by a sitting MLA to run a zoo illegally in city&#039;s south district. A bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw also directed Okhla MLA Asif Mohammed Khan to submit to the court his evidence to prove his claim that the land measuring 5 bigha in Jasola village belonged to him.]]></description>
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            <title><![CDATA[Property clause may irk women’s rights groups]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13586</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Mar 2012 07:17:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Amendments proposed to marriage laws by a parliamentary committee may raise the hackles of women’s rights activists, as the panel leaves it to the courts to decide on share in property in case of a divorce. The standing committee headed by Congress leader Jayanthi Natarajan had recommended that the government make adequate provisions in the matrimonial laws to ensure that courts at the time of divorce can decide upon the women’s share in the matrimonial property, to which they have contributed during the marriage.]]></description>
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            <title><![CDATA[Stronger claim on marital property for women?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13585</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Mar 2012 07:17:09 +0530</pubDate>
			<description><![CDATA[The Times of India- Women could stake claim to marital property even if the property is not in their name if an amendment to matrimonial laws is accepted by the Union Cabinet. The government has proposed amendments to marriage laws that include allowing courts to decide on how property acquired during marriage is shared and powers to waive a six month period of staying together before divorce can be granted in cases where the separation is by mutual consent.]]></description>
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            <title><![CDATA[Bharti Walmart in talks with banks for loans to fund expansion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13584</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:15:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- Bharti Walmart, the wholesale joint venture between Bharti Enterprises and Walmart Stores Inc, today said it is looking to raise money through bank loans to fund its expansion in India. According to industry sources, the firm is in discussion with several banks, including Deutsche Bank, Citi and BNP Paribas.]]></description>
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            <title><![CDATA[Trans-harbour link: More firms were keen, had sought extension]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13583</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:14:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Besides the consortia that submitted proposals to build the much-delayed Sewri-Nhava Mumbai Trans-Harbour Link (MTHL), three more companies were keen on the project and had requested for more time to prepare and submit the pre-qualification bids. However, Mumbai Metropolitan Region Development Authority (MMRDA) decided not to grant them extension as it would have led to further delays and complications in the project.]]></description>
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            <title><![CDATA[Four laning of highway within 2 and a half years in Bihar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13582</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Mar 2012 07:14:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Four-laning of Patna-Ara-Buxar highway would be completed within two years-and-a-half, Bihar Road Construction Minister N K Yadav told the state assembly. Replying to a short-notice question of RJD MLA Raghvendra Pratap Singh, Yadav said the four-laning of the national highway had been approved by the National Highway Authority of India under NHDP phase 3 project.]]></description>
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            <title><![CDATA[TDS on transfer of property to check unaccounted money]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13581</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Mar 2012 06:48:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Budget proposal for imposition of TDS (tax deducted at source) on transfer of immovable properties aims at cracking down on unaccounted money floating in the real estate sector. Under the proposed plan, the buyer will have to deposit 1% of the sale value as TDS. It is proposed to insert a new provision to provide that every transferee, at the time of making payments or crediting any sum by way of consideration for transfer of immovable property (other than agricultural land) shall deduct tax at the rate of 1%, according to the budget memorandum.]]></description>
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            <title><![CDATA[Housing prices rise most in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13580</link>
			<source>The Times of India</source>
			<pubDate>Wed, 21 Mar 2012 06:47:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Housing prices in India witnessed the steepest rise in the world in the last 10 years since 2001.House prices in India have increased by 284% in real terms,after allowing for inflation equivalent to an average annual rise of 14%, said Lloyds TSB International Global Housing Market Review.]]></description>
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            <title><![CDATA[HC strikes down civic body showcauses to 6 developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13579</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Mar 2012 06:47:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a breather to six realty majors, the Bombay High Court has stuck down the notices issued by the Brihanmumbai Municipal Corporation (BMC) to their projects constructed under the parking FSI policy.
These include luxury residential projects like DB Realty’s Orchid Crown at Prabhadevi, Indiabulls Sky Forest at Jupiter Mills and Sky Suites at Elphinstone Mills, the proposed 117-storey World One Tower by Lodha at Shrinivas Mills, Kohinoor Square at Kohinoor Mills in Dadar and Palais Royale at Shreeram Mills in Worli. These were the first few projects that were approved under the BMC’s policy of allowing developers a maximum FSI of 4 if they construct a public parking lot on their plot and hand it over to the BMC.]]></description>
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            <title><![CDATA[Auction of Games Village flats will have to wait, HC tells DDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13578</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Mar 2012 06:45:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi High Court on Monday put the brakes on Delhi Development Authority’s plan to “test the market” as it refused to give a go-ahead to the civic agency to auction 110 flats at the Commonwealth Games Village complex, mired in controversy over excess construction.
The court, which on the last date of hearing had permitted the DDA to start the basic tendering process, said the agency will have to wait at least till the next date of hearing before the court decides whether it should be allowed to issue public advertisement or call for bids.]]></description>
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            <title><![CDATA[Dual rate home loans: HDFC telling customers to use ‘conversion option&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13577</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 21 Mar 2012 06:44:52 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Customers who have taken home loans under the dual rate scheme are facing a peculiar problem. From April 1, once their rates shift from fixed to floating, their floating rate will be higher than the current floating rates, due to higher spreads. HDFC Ltd is encouraging its borrowers to make use of the ‘conversion option&#039; of switching over to the new floating rate. The regular conversion fee is 0.5 per cent of the outstanding amount and it is a one-time fee.]]></description>
			</item><item>
            <title><![CDATA[Cost hits housing under JNNURM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13576</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 21 Mar 2012 06:44:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Builders implementing the JNNURM scheme for low-cost housing say escalation in construction cost has made the project unviable. The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme was started with a view to provide low-cost houses for the urban homeless.]]></description>
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            <title><![CDATA[SBI offers new, lower rates to old home loan borrowers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13575</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 21 Mar 2012 06:43:21 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- State Bank of India&#039;s old home loan borrowers have a reason to rejoice. The bank has decided to allow these borrowers to switch over to the new floating rates that are lower, said a bank official. Borrowers who have taken loans linked to SBAR (State Bank Advance Rate or the prime lending rate) are paying as much as 2-3 percentage points more than existing floating rates that are linked to the Base Rate.]]></description>
			</item><item>
            <title><![CDATA[Fresh US housing activity dips]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13574</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Mar 2012 06:42:19 +0530</pubDate>
			<description><![CDATA[Business Standard- US housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.
The commerce department said housing starts slipped 1.1 per cent to a seasonally adjusted annual rate of 698,000 units. January’s starts were revised up to a 706,000-unit pace from a previously reported 699,000 unit rate.]]></description>
			</item><item>
            <title><![CDATA[3 arrested in Adarsh housing scam]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13573</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Mar 2012 06:41:28 +0530</pubDate>
			<description><![CDATA[Business Standard- The Central Bureau of Investigation (CBI) on Tuesday arrested three persons, including a retired government official and a retired brigadier, in the multi-crore Adarsh housing scam. The investigating agency arrested retired defence estates officer R C Thakur, Brigadier (retired) M M Wanchoo and former deputy secretary of the urban development department P V Deshmukh, two weeks after being pulled up by the Mumbai high court for inaction.]]></description>
			</item><item>
            <title><![CDATA[SBI offers switch to new home loan rates; 6 lakh to benefit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13572</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Mar 2012 06:40:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- State Bank of India will permit home loan borrowers to shift to lower interest rates. The move is aimed at strengthening customer bondage and can also lead to gains for millions with mortgages if rivals match the gesture. The decision will help a third of its home loan customers of more than 17 lakh in bringing down interest payments by as much as two percentage points, or a gain of about Rs 6,000 a month on a 20-year, Rs 50-lakh mortgage, a back-ofthe-envelope calculation shows. Conversely, it could bring down the tenor by a few years.]]></description>
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            <title><![CDATA[Godrej Properties fixes price band at Rs 575-620 for QIP issue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13571</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Mar 2012 06:39:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty major Godrej Properties today fixed the price band at Rs 575-620 per share for its proposed issue of shares through private placement and will raise up to Rs 508 crore at the upper band. The price band is at a discounted rate than the company&#039;s current share price, which today closed at Rs 633.90 on the BSE.]]></description>
			</item><item>
            <title><![CDATA[No rebate on investment in infrastructure bonds to hit taxpayers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13570</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Mar 2012 06:39:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- Taxpayers may have got some relief through the increase in the basic exemption limit and widening of the 20% tax slab, but the government has taken away a crucial tax saving option. The budget for 2012-13 has not extended the Rs 20,000 rebate available for investments in infrastructure bonds this year, which was over and above the Rs 1,00,000 maximum rebate available under Section 80C. Infrastructure bonds allowed taxpayers in the highest 30% slab to save a maximum of Rs 6,180 in tax.]]></description>
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            <title><![CDATA[Totem Infrastructure bags road projects worth Rs 840 crore in Madhya Pradesh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13569</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Mar 2012 06:38:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Totem Infrastructure today said it has bagged several road projects in Madhya Pradesh worth Rs 840 crore from state government-owned road development corporation. It added that the road development work will be executed on build-operate-transfer-semi annuity mode by different special purpose vehicles, which have already been incorporated.]]></description>
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            <title><![CDATA[Infosys &amp; Wipro may withdraw SEZ projects from West Bengal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13568</link>
			<source>The Times of India</source>
			<pubDate>Tue, 20 Mar 2012 07:00:21 +0530</pubDate>
			<description><![CDATA[The Times of India- With the mandate that companies should get the Special Economic Zones (SEZs) notified by March 31, 2012 fast approaching, Infosys and Wipro are in a fix about the status of their SEZs in West Bengal. West Bengal Chief Minister, Mamata Banerjee is principally opposed to the idea of an SEZ. Both Infosys and Wipro have acquired 50 acres of land in Rajarhat. Infosys purchased the land at a rate of Rs 1.5 crore per acre for the project. The company also made the full payment in October last year.]]></description>
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            <title><![CDATA[Minimum 2% hike in property rates as excise, service tax up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13567</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Mar 2012 06:58:22 +0530</pubDate>
			<description><![CDATA[Business Standard- In the Budget for 2012-13, Finance Minister Pranab Mukherjee proposed to raise excise duty and service tax by two% each to 12% from the earlier 10%. Service tax was, however, exempted on construction activities in specified infrastructure, canals, irrigation works, post-harvest infrastructure, residential dwelling and low-cost mass housing up to an area of 60 sq metre under the affordable housing scheme in partnership.]]></description>
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            <title><![CDATA[VVMT to offer accommodation for needy in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13566</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Mar 2012 06:56:50 +0530</pubDate>
			<description><![CDATA[Business Standard- Vidarbha Vaibhav Mandir Trust (VVMT), which has acquired two properties in Mumbai, will be offering accommodation to students, appearing for interviews and kin of patients admitted in Mumbai. The two properties include one in Dadar and the other in Bandra Kurla Complex, VVMT president Dr Devisingh Shekhawat said on Monday. &quot;People from economically weaker sections of the society, who go to Mumbai to seek medical treatment, can get accommodation on nominal charges, for a maximum of five days.]]></description>
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            <title><![CDATA[DLF faces its year of reckoning]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13565</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Mar 2012 06:55:43 +0530</pubDate>
			<description><![CDATA[Business Standard- To say that it has been an annus horribilis for DLF—the country’s largest real-estate company—may be an understatement. Its numbers would make even the most battle-hardened CFO blanche. Its net profits were down 45 per cent in the third quarter of this year when compared to the same period last year—in fact, the company has not posted an increase in quarterly profits in just under two years. Sales growth has also fallen over the last four quarters. Yet, the most dramatic number that DLF has posted to date is its debt: A staggering Rs 22,758 crore as of end of December 2011.]]></description>
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            <title><![CDATA[Unitech, Telenor exchange proposals on Uninor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13564</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Mar 2012 06:54:27 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty firm Unitech and its estranged telecom partner, Norway&#039;s Telenor on Monday exchanged proposals inside the closed chambers of the Company Law Board (CLB) chairman on probable sale or purchase of shares in their joint venture company Uninor. CLB Chairman B R Deshmukh ordered proceedings of the case to be held in-camera on Monday on the request of Unitech. Mediapersons were not allowed during the proceedings.]]></description>
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            <title><![CDATA[Budget 2012: Property prices to rise by 2% as excise, service tax go up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13563</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Mar 2012 06:53:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Property prices will rise by a minimum of two per cent immediately due to the hike in excise duty and service tax in the Budget, National Real Estate Development Council today said. &quot;Property prices are surely going to rise. Now we have to see who will raise how much. However, it will increase by at least two per cent,&quot; National Real Estate Development Council (NAREDCO) President Navin M Raheja told reporters here.]]></description>
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            <title><![CDATA[Why you should register your property on time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13562</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Mar 2012 06:52:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- Procrastination can often exact a heavy price. Nearly 15 residents of a housing society at Vikroli, Mumbai, discovered this when they delayed registering their property for more than two decades. Says 59-year-old Francina D&#039;Souza, society secretary: &quot;When the building was constructed in 1985, 40 of the 55 buyers got their flats registered, but the remaining 15 were duped by a lawyer and didn&#039;t realise that this was necessary.]]></description>
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            <title><![CDATA[How to gift an immovable property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13561</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Mar 2012 06:50:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- The owner of an immovable property can gift it to a relative or a third person. The person giving the gift is called the donor and the person to whom it is being gifted is called the donee. A gift is considered valid if it is made voluntarily and without consideration. It is also essential for it to be accepted by the donee. The gift must be made and accepted in the lifetime of both the donor and donee. The acceptance is shown through a gift deed, which is an agreement spelling out that the donor wants to gift the property listed in the deed to the donee, and that the donee accepts it. The signatures of both the parties are affixed in the presence of at least two witnesses.]]></description>
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            <title><![CDATA[Budget: Buying of houses to cost more]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13560</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Mar 2012 07:16:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Purchase or construction of a house would now cost more due to expected rise in prices of key raw materials cement and steel and a hike in service tax by 2 per cent, realty players said. Barring low-cost housing, property prices are expected to rise in the coming days after the proposed hike in service tax from 10 per cent to 12 per cent.]]></description>
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            <title><![CDATA[Lalita Park: Court rejects realtor&#039;s bail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13559</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Mar 2012 07:15:52 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi high court has rejected the bail plea of a builder allegedly responsible for inferior construction that led to the death of 71 people in a building collapse in the Laxmi Nagar area last year. The collapse left 65 people severely injured. Justice M L Mehta dismissed the bail plea of Amrit Singh after the crime branch in a detailed status report, informed the court that Singh is a &quot;habitual criminal&quot;, who is involved in more than 30 criminal cases and has been convicted in a few cases. Singh has been behind bars since March last year in connection with the Lalita Park building collapse.]]></description>
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            <title><![CDATA[A&#039;bad to add 1.5 mn sq ft office space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13558</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Mar 2012 07:15:07 +0530</pubDate>
			<description><![CDATA[Business Standard- Buoyed by an absorption rate of 38 per cent, Ahmedabad is set to add office space of 1.5 million sq ft in the coming year, says a Cushman &amp; Wakefield report. According to the real estate consulting firm, despite the rise in office space supply, developers may witness high mortgage rates and continued liquidity crunch. &quot;The city is expected to receive a supply of 1.5 million sq ft in the coming year. However, developers may face difficulty in the near term with high mortgage rates and a liquidity crunch which could put further pressure on upcoming supply,&quot; the report states.]]></description>
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            <title><![CDATA[Healthcare chains explore conversion of luxury hotels into hospitals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13557</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Mar 2012 07:14:26 +0530</pubDate>
			<description><![CDATA[Business Standard- At least two healthcare chains in the country are exploring an opportunity to convert a luxury hotel into a hospital in Pune, it is learnt. Fortis Healthcare and Manipal Hospitals, both keen to set up large multi-specialty hospitals in the Maharashtrian city, have shown interest in acquiring the sprawling Grand Hyatt Pune for the purpose, according to an industry source close to the development. Spread over 450,000 sq ft built-up area, Grand Hyatt Pune is still under construction.]]></description>
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            <title><![CDATA[ECB for low-cost housing may go via NHB]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13556</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Mar 2012 07:13:38 +0530</pubDate>
			<description><![CDATA[Business Standard- A proposal has been mooted for all external commercial borrowing (ECB) for affordable housing to be routed through the National Housing Bank (NHB), mooted by the latter. Many in the real estate sector are sceptical about the practicality of the Budget proposal on ECB for this segment. The withholding tax on ECB has been reduced from 20 per cent to five per cent for three years. The argument is that external lenders may not find low income or affordable housing attractive, due to the low profit margins and high risk.]]></description>
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            <title><![CDATA[India&#039;s most exclusive localities; roads where the country’s richest men and women reside]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13555</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Mar 2012 07:12:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- If money screams, wealth whispers. The truth of this adage becomes amply clear as one gazes at Aurangzeb Road in Lutyen&#039;s Delhi, a precious stone&#039;s throw from the Prime Minister&#039;s residence on Race Course Road. With its leafy lanes and elegant bungalows, it&#039;s a location that exudes old world charm. It&#039;s also India&#039;s wealthiest street, according to a TOI study to map the country&#039;s richest roads based on the net worth of the billionaires living on them. Steel baron L N Mittal (whenever he is in Delhi), K P Singh of DLF and the Jindals reside here. So do Analjit Singh of Max India group, Malvinder and Shivinder Singh of Religare, Pepsi bottler Ravi Jaipuria and Atul Punj of Punj Lloyd.]]></description>
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            <title><![CDATA[Budget 2012-13 imposes 1% TDS on property sales]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13554</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Mar 2012 07:10:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- Tightening screws on black money in the realty market, the government has proposed one per cent TDS (tax deduction at source) on transfer of immovable property if the sale value exceeds Rs 50 lakh in urban centres and Rs 20 lakh in other areas. The measure is proposed in the Budget and is being taken to &quot;deter the generation and use of unaccounted money&quot;, Finance Minister Pranab Mukherjee said in his Budget speech. Immovable properties, other than agricultural land would be covered under the new provision.]]></description>
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            <title><![CDATA[Aditya Birla group chairman Kumar Mangalam Birla to invest Rs 400 crore more in retail post-slowdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13553</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Mar 2012 07:09:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Aditya Birla group chairman Kumar Mangalam Birla will fork out a small fraction of his personal wealth to rapidly ramp up operations of the food retail business which is recovering from huge losses after the economic slowdown curtailed heavy consumer spending. The 44-year-old head of the metal-toretail conglomerate will invest Rs 400 crore over the next two years mainly to set up hypermarkets that sell everything from pasta to detergents under one roof. Kumar Mangalam Birla with a net worth of $7.7 billion emerged as the sixth richest Indian in the list of billionaires published by the Forbes group in March 2012.]]></description>
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            <title><![CDATA[NOIDA EXPRESSWAY: GREAT HOUSING OPTIONS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13552</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Mar 2012 08:09:54 +0530</pubDate>
			<description><![CDATA[The Times of India- Noida Expressway has become a hub of realty activities in Noida, with the 8-lane expressway connectivity being a major factor for growth of real estate development around the stretch. Noida-Greater Noida Expressway is going to see never-before developmental activities spanning residential, commercial, as well as institutional sectors. This developing area has all the facilities, social and commercial infrastructure, within easy reach of residents. Developers have started looking at the area as a top destination for residential and commercial projects.]]></description>
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            <title><![CDATA[REALTY PRICES UP IN DELHI, BUYERS UNDETERRED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13551</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Mar 2012 08:08:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Realty prices are hitting the roof in the capital but buyers are still around. There was hardly any shock among various stakeholders of the realty sector in East Delhi when a 3BHK flat in a not-veryprestigious-cooperative group housing society sold for Rs 1.40 crore last month. The first floor flat was 1,250 sq feet. This lack of emotion is perhaps owing to the fact that it is not just East Delhi, but the entire capital, where realty prices are on the rise.]]></description>
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            <title><![CDATA[CONNECTIVITY PLAN TO FREE TRAFFIC JAMS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13550</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Mar 2012 08:08:13 +0530</pubDate>
			<description><![CDATA[The Times of India- A draft plan has been presented to the NCR Planning Board to handle the increasing volume of traffic in the NCR. An integrated transport report has been prepared for the NCR Planning Board keeping in mind the increasing volume of traffic in the area. The report has laid a road map for bypassing the traffic bottlenecks on the capital&#039;s periphery. Its prescription leads to 11 new expressways and two orbital railway corridors connecting major cities around Delhi. The connectivity plan is based on the study commissioned by the NCR planning board two years ago. The plan was approved in a board meeting recently. The board has decided to initiate action for priority implementation of a region-wide rail-based system connecting various metropolitan and regional centres and sub-regional centres.]]></description>
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            <title><![CDATA[QUALITY IS THE KEY DIFFERENTIATOR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13549</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Mar 2012 08:06:27 +0530</pubDate>
			<description><![CDATA[The Times of India- The real estate industry has evolved as a primary trigger to urban development and lends strategic and infrastructural support to several other industries.  The real estate industry provides immense employment opportunities, as it is labour intensive. The growth of the industry is reflected on the development and overall growth across sectors in the country.]]></description>
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            <title><![CDATA[LOWERING RATES WILL LIFT REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13548</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Mar 2012 08:05:44 +0530</pubDate>
			<description><![CDATA[The Times of India- There is good news for home-loan borrowers. The RBI in its mid-quarter review, while giving guidance on its course of action, says that ‘… the future action will be towards lowering the rates.’ The apex bank says that the recent growth-inflation dynamics have prompted it to indicate that no further tightening is required.]]></description>
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            <title><![CDATA[Infra sector one of thrust areas in Budget]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13545</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Mar 2012 08:02:03 +0530</pubDate>
			<description><![CDATA[The Financial Express- The infrastructure sector was one of the thrust areas in the Budget, as Finance Minister Pranab Mukherjee announced a slew of proposals, including allowing financial institutions to raise about Rs 60,000 crore from tax-free bonds and envisaging a greater private participation. Mukherjee said investment in the sector during the 12th Five-Year Plan (2012-17) will go up to Rs 50 lakh crore, about half of which is expected from the private sector.]]></description>
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            <title><![CDATA[Govt allows lenders to raise Rs 60Kcr via tax-free bonds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13544</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Mar 2012 08:01:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- To encourage investment in the infrastructure sector, financial institutions have been allowed to raise about Rs 60,000 crore from tax-free bonds in 2012-13. In line with investments in the infrastructure sector, the Finance Minister will ease the burden on rupee debt of the existing power projects in the country.]]></description>
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            <title><![CDATA[Good but not enough for real estate: Rajiv Talwar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13543</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Mar 2012 08:00:25 +0530</pubDate>
			<description><![CDATA[Business Standard- I think the Union Budget has laid down a path for fiscal discipline. By doing this, the government has bought time — of almost one year — as the figures will come out next year. There could be so many unforeseen factors, which could affect fiscal figures and government policies. It might be a signal that the Reserve Bank of India (RBI) needs to launch more immediate steps in the next monetary policy. As far as real estate sector is concerned, the government thinks real estate would rebound and contribute to national growth once Gross Domestic Product or GDP figures show increase. Real estate is the second largest employment provider in the country and one of the biggest contributor to the GDP, therefore, concrete steps need to be taken to develop the sector and in turn help the companies grow (and contribute).]]></description>
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            <title><![CDATA[Fund window opens for low-cost houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13542</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Mar 2012 07:59:43 +0530</pubDate>
			<description><![CDATA[Business Standard- Affordable housing got a big boost in the Budget this year as finance minister Pranab Mukherjee announced measures to address the shortage in the space. The Budget has allowed external commercial borrowing for low-cost housing and the setting up of a credit guarantee trust fund to ensure better flow of institutional credit for housing loans. “I propose to enhance provisions under the rural housing fund from Rs 3,000 crore to Rs 4,000 crore,” said Mukherjee.]]></description>
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            <title><![CDATA[FM asks for foreign asset details and TDS on property sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13541</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Mar 2012 07:59:06 +0530</pubDate>
			<description><![CDATA[Business Standard- The finance minister has taken a step forward to tackle the black money menace by allowing reopening of assessment up to 16 years for overseas assets. And, individuals are mandated to report such assets.
Currently, the time limit for reopening assessment is six years (Section 149) for unassessed foreign income. But it is insufficient. “It is proposed to amend Section 149 to increase the time limit to 16 years, for income from assets outside India that is chargeable to tax. Amendments are also proposed in Section 147 for income to have escaped assessment for assets overseas,” says the Budget memorandum.]]></description>
			</item><item>
            <title><![CDATA[A boost for housing: Keki mistry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13540</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Mar 2012 07:58:27 +0530</pubDate>
			<description><![CDATA[Business Standard- The finance minister has presented a realistic and balanced Budget. The gross domestic product (GDP) forecast for 2012-13 at 7.6 per cent is optimistic, but not unrealistic. The fiscal deficit at 5.1 per cent is credible, though the need for further fiscal consolidation persists. He has rightly articulated the need to examine the possibility of setting up of a financial holding company to raise resources to meet the capital requirements of public sector banks. While critics felt the minister fell short on measures to curtail subsidies, he should be given credit for laying out a limit of restricting subsidies to two per cent of GDP.]]></description>
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            <title><![CDATA[Godrej Properties to raise funds via QIP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13539</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Mar 2012 07:57:48 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Godrej Properties Ltd&#039;s securities issuance committee of the board has decided to issue up to 7,442,555 equity shares of, with a right to allot an additional up to 744,255 equity shares in case of oversubscription, to eligible qualified institutional buyers by way of an institutional placement programme.]]></description>
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            <title><![CDATA[Proposals insufficient, says Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13538</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Mar 2012 07:57:04 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers’ Associations of India (Credai) on Friday said that it was disappointed with the “unyielding measures” taken in the Budget. According to Mr Lalit Kumar Jain, President, Credai, the Budget has failed to acknowledge the significance of the sector in employment generation.]]></description>
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            <title><![CDATA[Low-cost affordable housing gets credit push]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13537</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Mar 2012 07:56:26 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Low-cost affordable housing just got the push it needed from the policy front. Bankers say it&#039;s time for them to focus on this segment, while developers say it&#039;s a recognition they had long been waiting for.]]></description>
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            <title><![CDATA[Judges no longer need prior nod to buy property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13536</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Mar 2012 07:55:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court has allowed judges in the state to buy immovable properties without its prior sanction. The decision has come as a relief to judges as property rates used to shoot up by the time sanction was accorded. Maharashtra State Judges’ Association (MSJA) president and additional sessions judge S P Tawde said prior sanction from HC was mandatory to buy immovable property like a flat or plot.]]></description>
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            <title><![CDATA[Budget: Scanner on property, gold buys]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13535</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Mar 2012 07:54:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mandatory reporting of assets held by individuals abroad and re-opening of I-T return filings up to 16 years are among the steps being proposed by the government to tackle the menace of black money. The government has also proposed slapping a tax of 30 per cent on undisclosed money, credits, investments and expenditures, irrespective of the slab of income.]]></description>
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            <title><![CDATA[More business for highway developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13534</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Mar 2012 07:54:12 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Developers such as GMR, GVK, and IRB Infrastructure can look forward to more business from the highways segment next fiscal. The Finance Minister has proposed to set a target of covering a length of 8,800 km under the NHDP next year. “The allocation of the Ministry has been enhanced by 14 per cent to Rs 25,360 crore in 2012-13,” the Finance Minister said. Developers would also benefit from changes in rules that would prevent the cascading effect of dividend distribution tax (DDT). This had been one of the long standing demands of highways developers as well as infrastructure companies.]]></description>
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            <title><![CDATA[Budget 2012 impact: Housing prices likely to rise on increase in service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13533</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Mar 2012 07:53:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Housing prices are all set to increase marginally due to the proposal to increase service tax by 2 per cent, realty players said on Friday. Realty consultant DTZ said that increase in the service tax is going to further increase marginally the overall burden on the home buyers of mid and high segment (dwellings costing more than 25 lakhs). The impact of service tax would be about Rs 40,000 on a Rs 75 lakh home.]]></description>
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            <title><![CDATA[Laurent &amp; Benon eyes 28 new properties by FY15]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13532</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Mar 2012 07:52:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Diversified company Laurent &amp; Benon is planning to strengthen its hospitality business in the country and is eyeing to open 28 new properties by FY15, a top company executive has said. The company will focus on business hotels in 3-4 star categories in tier I cities and upmarket resorts in tier II and III cities.]]></description>
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            <title><![CDATA[Posco, Vedanta seeks more time for SEZ projects in Orissa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13531</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Mar 2012 07:51:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- Unable to proceed with their projects due to different reasons, Vedanta Aluminium and Posco have sought more time from the Centre to implement their respective special economic zones (SEZs). An inter-ministerial Board of Approval (BoA), chaired by Commerce Secretary Rahul Khullar, will consider both the requests on March 13, according to documents.]]></description>
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            <title><![CDATA[Milestone re-approaches Dewan Housing after other suitors pull out]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13530</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Mar 2012 07:52:41 +0530</pubDate>
			<description><![CDATA[Business Standard- Patience may well pay off for Kapil Wadhawan, chairman and managing director of Dewan Housing Finance (DHFL). After Britain’s Ashmore Investment Managers walked out of their negotiations, the promoters of Milestone Capital have reached out to DHFL once again to buy them out from the fund. These negotiations had, in the past, fallen through on valuations.]]></description>
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            <title><![CDATA[Housing &amp; real estate, telecom negatives present challenges]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13529</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Mar 2012 07:51:01 +0530</pubDate>
			<description><![CDATA[Business Standard- The Economic Survey, while recognising the importance of the services sector (it accounts for 59 per cent of gross domestic product), has raised concern over several components in it. Three months after the government rolled back its decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail, the survey referred to it as a major challenge before the sector. FDI in retail could begin in a phased manner in the metros, the survey suggested, a day ahead of the Budget. Though it did not specify the details, experts said the government document hinted at a low FDI cap, perhaps one of 26 per cent. It has also talked of “incentivising” mom-and-pop stores (kirana shops) “to modernise and compete effectively with retail shops, foreign or domestic”.]]></description>
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            <title><![CDATA[Wadhawan to set up 9 hotels, bouquet of PE funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13528</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Mar 2012 07:50:16 +0530</pubDate>
			<description><![CDATA[Business Standard- After closing its grocery retail venture, Spinach, the Wadhawan Group is setting up new hotels. The city-based entity, which runs housing finance company DHFL, also plans to launch a bouquet of private equity funds and beef up its financial services operations. The group is planning to set up nine hotels, in four- and five-star categories, at an investment of Rs 1,000 crore in the next five years, according to Kapil Wadhawan, chairman of Wadhawan Holdings, the holding company of the group.]]></description>
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            <title><![CDATA[Godrej Properties plans share sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13527</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Mar 2012 07:49:31 +0530</pubDate>
			<description><![CDATA[Business Standard- Godrej Properties on Thursday said it has decided to sell a total 8.14 million shares via a institutional placement programme. The company has already got shareholder nod to raise up to Rs 750 crore through share sale. Promoters of Godrej properties need to bring down their stake to 75 per cent from 85 per cent at present and the proposed issue will help them achieve the target, analysts said.]]></description>
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            <title><![CDATA[Credit Policy: Realtors unhappy with RBI&#039;s move to keep policy rate unchanged]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13526</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Mar 2012 07:48:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developers today expressed disappointment over the RBI&#039;s decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. &quot;We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The government and the RBI should understand the need of the hour and reduce cost of funds,&quot; Confederation of Real Estate Developers&#039; Association of India ( CREDAI) Chairman Pradeep Jain said.]]></description>
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            <title><![CDATA[Union Budget 2012: Real estate sector demands industry status]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13525</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Mar 2012 07:48:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Will Budget 2012 allow real estate to be the agent to kick start the Indian economy? If so, what does the Finance Minister have to do to make it the growth engine? Rising interest rates, inflationary pressures, heavy taxation and soaring costs of raw materials and production cost has brought the sector under pressure in the last financial year. It is critical that the government address the deterrents to growth.]]></description>
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            <title><![CDATA[Nothing unusual in denying property to ungrateful children: Supreme Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13524</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Mar 2012 07:47:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Genuineness of a will cannot be disputed merely because the testator declined share in the family property to &quot;ungrateful children&quot;, and had bequeathed it solely to one of the sons who looked after the aged parents till their death, the Supreme Court has ruled. A bench of justices G S Singhvi and S J Mukhopadhaya set aside a judgement of the Madhya Pradesh High Court which disbelieved the veracity of a will executed by Harishankar to one of his son Mahesh Kumar to the exclusion of two other sons - Vinod Kumar and Anand Kumar.]]></description>
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            <title><![CDATA[India property expo in Doha begins tomorrow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13523</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 16 Mar 2012 07:46:25 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Indian developers are all geared up to offer NRI investors a wide choice of properties ranging from Rs 1.5 lakh to Rs 15 crore across India at an exhibition starting tomorrow. According to the organisers, they are congregating at the 20th India Property Exhibition in Doha to showcase more than 100 projects spread across New Delhi, the National Capital Region, Jaipur, Mumbai, Pune, Goa, Hyderabad and several other cities.]]></description>
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            <title><![CDATA[Housing sector’s share to GDP may rise to 6%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13522</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 16 Mar 2012 07:45:49 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The share of housing sector to the overall GDP (gross domestic product) is likely to rise by one per cent to six per cent on increased investment. “Currently, about five per cent of India’s GDP is contributed by the housing sector. With institutional credit for housing investment growing at a CAGR of about 18-20 per cent per annum in the next three-five years, the housing sector’s contribution to GDP is likely to increase to 6 per cent,” the Economic Survey said today.]]></description>
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            <title><![CDATA[NBCC plans roadshows for public issue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13521</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 16 Mar 2012 07:45:04 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Public sector undertaking National Buildings Construction Corporation (NBCC) plans to conduct roadshows for its public offering from next Tuesday. The issue opens for subscription on March 22 and closes on March 27. The issue constitutes an offer for sale (by the Government of India) of 1.2 crore equity shares or 10 per cent of the company&#039;s post issue paid-up capital.]]></description>
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            <title><![CDATA[Shasun Pharma sells land in Chennai suburb]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13520</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 16 Mar 2012 07:43:11 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Shasun Pharmaceuticals has sold its Velachery land for Rs 29 crore, according to information provided by the company to the stock exchange. Real estate market sources say the property on the main road has been purchased by the ITC Group. The group, which is putting up the multi-star luxury hotel property the ITC Grand Chola in Guindy, is likely to use the Velachery property for support facilities.]]></description>
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            <title><![CDATA[Allot Rohini plots now: HC to DDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13519</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:41:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi Development Authority (DDA) was asked by the Delhi High Court today to begin allocating immediately over 21,000 plots to the people who had registered under Rohini Housing Scheme over three decades ago. A bench of Acting Chief Justice A K Sikri and Justice Rajiv Sahai Endlaw directed DDA to proceed immediately with the draw of lots from March 19 and complete the process of allotment within three months.]]></description>
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            <title><![CDATA[Vilasrao Deshmukh set to be named in CBI’s Adarsh chargesheet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13518</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:40:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- Union Science and Technology Minister Vilasrao Deshmukh and a Maharashtra IAS officer are expected to be added to the list of 14 people accused of wrongdoing in the Adarsh Housing Society scam when the CBI files its chargesheet in about two months. Deshmukh gave some approvals for the controversial 31-storey building in south Mumbai when he was chief minister, and was questioned by CBI last October.]]></description>
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            <title><![CDATA[‘Dwarka fastest-growing residential hub’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13517</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:40:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- According to the Census 2011 data on houses, household amenities and assets released on Tuesday, Delhi’s population growth slowed down between 2001 and 2011, as compared to the previous decade.]]></description>
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            <title><![CDATA[Allow FDI in multi-brand retail: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13516</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:38:55 +0530</pubDate>
			<description><![CDATA[The Financial Express- Favouring a phased opening of India&#039;s multi-brand retail trade to FDI, the Economic Survey 2011-12 today said foreign direct investment could help in curbing food inflation in a significant way. &quot;Allowing FDI in multi-brand retail is one of the major issues in this sector. This could begin in a phased manner in the metros, with the cap at a lower level coupled with incentivising the existing &#039;mom and pop&#039; stores (kirana shops) to modernise and compete effectively with the retail shops, foreign or domestic,&quot; the survey said.]]></description>
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            <title><![CDATA[FDI in multi-brand retail could start in metros: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13515</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:38:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- The much-talked about FDI in multi-brand retail would come into effect in a &quot;phased&quot; manner, beginning from metropolitan cities, the Economic Survey 2011-12 said today. &quot;This (FDI in multi-brand retail) could begin in a phased manner in the metros, with the cap at a lower level coupled with incentivising the existing &#039;mom-and-pop&#039; stores (kirana stores) to modernise and compete effectively with the retail shops, foreign or domestic,&quot; the survey said.]]></description>
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            <title><![CDATA[Survey: Some infra growth &#039;remarkable&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13514</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:37:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Economic Survey 2011-12 said delay in infrastructure projects may affect competitiveness of the economy in long run and called for and &quot;new models of financing&quot; the sector whose funding requirement in the 12th Plan is estimated at around USD 1 billion. &quot;In view of the massive requirement of funds, all efforts need to be made to attract big-ticket long-term investors such as strategic investors, private equity funds, pension funds, and sovereign funds,&quot; the Survey tabled in Parliament today said.]]></description>
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            <title><![CDATA[Realtors unhappy over RBI policy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13513</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Mar 2012 07:36:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developers today expressed disappointment over the RBI&#039;s decision to keep key policy rates unchanged and sought a cut in interest rate to boost housing demand. &quot;We are very disappointed at this gesture by the RBI. The economic condition is getting worse day by day. The government and the RBI should understand the need of the hour and reduce cost of funds,&quot; Confederation of Real Estate Developers&#039; Association of India (CREDAI) Chairman Pradeep Jain said.]]></description>
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            <title><![CDATA[L&amp;T Construction bags Rs 1,140-cr orders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13512</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Mar 2012 07:35:47 +0530</pubDate>
			<description><![CDATA[Business Standard- L&amp;T Construction on Thursday said it has bagged orders worth Rs 1,140 crore, including construction of a large IT campus facility in Kolkata. The Kolkata project estimated at Rs 970 crore, which the company bagged in the building and factories category, would be executed on a joint venture model along with Shapoorji &amp; Pallonji Company Ltd within 32 months, the company said in a filing to Bombay Stock Exchange.]]></description>
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            <title><![CDATA[Mixed reaction to commercial use of rail land in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13511</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Mar 2012 07:01:59 +0530</pubDate>
			<description><![CDATA[Business Standard- Railway Minister Dinesh Trivedi&#039;s proposal to mobilise additional resources from commercial utilisation of land and air space in Mumbai has evoked a mixed reactions. While realty players and experts see it as a lucrative proposal, economists and transport consultant believe that it should not remain a statement of intention rather than a statement of action. About 500 acre land currently in the possession of railways can be considered for commercial utilisation in addition to the space  adjacent to the railway stations to finance infrastructure development. However, realty players and economists are unanimous on one thing that railways need to carry out a comprehensive study as a large portion of land has already been encroached.]]></description>
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            <title><![CDATA[Provide industry status to real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13510</link>
			<source>Rediff</source>
			<pubDate>Thu, 15 Mar 2012 07:00:45 +0530</pubDate>
			<description><![CDATA[Rediff- Real estate is a sector which generates second highest employment and contributes approximately 5% of the GDP of the country. It is the fastest growing sector with ever growing concerns. Keeping in mind certain inherent concerns which the industry encapsulates, the severe credit crunch is adversely impacting the &quot;Industry&quot;.]]></description>
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            <title><![CDATA[Realty sector wants government to promote affordability]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13509</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Mar 2012 06:59:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Real estate businesses are looking forward to the forthcoming Union Budget 2012 in the expectation that it will contain some pragmatic provisions that will lower effective price barriers for home-seekers. Real estate developers say the city continues to face problems including high lending rates and construction costs, insufficient infrastructure and lack of affordable housing. Broader incentives for development of affordable housing are needed, to encourage more developers to become active in this important sector and increase the supply of budget homes in the city, the developers said.]]></description>
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            <title><![CDATA[HNIs give cold shoulder to realty funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13508</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 15 Mar 2012 06:58:19 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Real estate funds are finding it difficult to raise fresh funds as their mainstay investors, the high networth individuals (HNIs), are turning their back on them. Dismal performance of most players, not-so-attractive returns on offer and an opportunity to tap the market directly are keeping HNIs away from the real estate funds, which are trawling the money market for investors.]]></description>
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            <title><![CDATA[Govt must reduce home loan rates, say real estate developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13507</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Mar 2012 06:56:44 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers Association of India (CREDAI), the apex body for private real estate developers in the country, has said the Centre must take measures in the Union budget to reduce interest rates on home loans. &quot;The government must reduce the taxes and stabilize interest rates on home loans. In the past 16 months, the interest rates on home loans were revised around 14 times. The continuous fluctuations in interest rates affect consumers. Hence, the government must keep stable the interest rates on home loans and interest rates should be as low as possible,&quot; CREDAI Nashik chapter president Sunil Bhaybhang said.]]></description>
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            <title><![CDATA[L&amp;T, Tata Realty, Simplex, RInfra eye station building]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13506</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Mar 2012 06:55:43 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Larsen and Toubro, Tata Realty &amp; Infrastructure and Reliance Infrastructure among others are eyeing opportunities in public private partnership to redevelop 100 stations across India as proposed by Union railway minister Dinesh Trivedi in the 2012-2013 Railway Budget. Trivedi on Wednesday said a new special purpose vehicle (SPV) Indian Railway Station Development Corporation will redevelop the stations on the pattern of airports by utilising air space and commercial space and sharing revenues. According to Trivedi, “The SPV (special purpose vehicle) will draw upon the success stories the world over, adopt a suitable revenue model and target redevelopment of 100 stations in the next five years.”]]></description>
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            <title><![CDATA[DLF Maiden Heights comes up in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13505</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Mar 2012 06:54:28 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Owning a world-class apart-ment in Bangalore, with ample greenery and a lake view, all at a budget price, has been made easier with the launch of DLF’s affordable homes. DLF’s Maiden Heights will be spread over an area of 8.9 acre in Rajapura, close to Electronic City. It has been a runaway success with about 500 apartments sold within three months of the date of launch. The construction of Maiden Heights has started and it is likely to be completed and handed over to buyers by 2014. The prices of the apartments range between Rs 25 lakh and Rs 35 lakh.]]></description>
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            <title><![CDATA[Gowra Hallmark brings villas near Manikonda]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13504</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Mar 2012 06:53:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Gowra Hallmark Townships announced Gowra Hallmark Villas project near Manikonda and IT hub Gachibowli. The project is coming up in around 11 acre and each unit will be about 4,000 sq ft. The project is estimated to cost over Rs 100 crore. This is a joint venture between Gowra Ventures, the real estate and infrastructure wing of the Gowra Group and Hallmark, which had already ex&shy;ecuted some real estate projects in the city.]]></description>
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            <title><![CDATA[If wishes were houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13503</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Mar 2012 06:52:40 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- As Pranab Mukherjee stands up to deliver Union Budget on March 16, real estate companies are not hoping for any freebies. All they want is a fair and balanced budget that could stimulate economic growth as well as provide easy cash availability for them. They believe in a policy of affordable housing and an announcement on the long-awaited Real Estate Regulatory Authority (Rera) for better transparency could also help the sector. In 2011-12, the realty sector sailed through many challenges such as delayed approvals, lack of availability of cash and high home loan rates. Sales have dwindled while construction costs escalated due to higher input and labour costs that resulted in erosion of their profits.]]></description>
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            <title><![CDATA[Urban property ownership records projects gathers steam]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13502</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Mar 2012 06:51:11 +0530</pubDate>
			<description><![CDATA[Business Standard- After completion of the survey work, Karnataka’s ambitious ‘Urban Property Ownership Records’ (UPOR) project has now advanced to the next stage i.e. the ownership enquiry process, in Mysore. The government has initiated a project to create property records in urban areas. Under this, ownership property records are created for urban properties following the provisions of the Karnataka Land Revenue Act. The property records will be similar to the property records in the form of RTC created in rural areas in the state. Registration has been made compulsory. Property records created accordingly will be considered ownership records as per Section 133 of the Karnataka Land Revenue Act 1964 and will therefore have a presumptive value.]]></description>
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            <title><![CDATA[Create right environment for sustainable development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13501</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 14 Mar 2012 06:45:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- As we look at the imperative of the India growth story, the importance of sustainable urbanisation cannot be over-emphasised. In order to have planned development that is responsive and responsible, policies and programmes which enable such development are required. The expanding industrial sector has created a surge in demand for quality parks and campuses with high-quality infrastructure and thoughtful planning. Similarly our exports require ready access to planned clusters such as SEZs, with appropriate policy support to ensure maintaining and gaining competitiveness in the global marketplace.]]></description>
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            <title><![CDATA[S&amp;P: Banks&#039; asset quality, earnings to stay under pressure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13500</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:45:08 +0530</pubDate>
			<description><![CDATA[Business Standard- Standard &amp; Poor&#039;s (S&amp;P) on Tuesday said slower economic growth and high inflation and interest rates were likely to hit the asset quality and earnings of Indian banks in 2012-13. This could pose a risk of rating downgrade for the banks. S&amp;P rates 10 Indian banks, including seven public sector ones. All the banks have an issuer credit rating of &#039;BBB-&#039;, with a &#039;stable&#039; outlook.]]></description>
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            <title><![CDATA[India job market prospects to improve in next quarter: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13499</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Mar 2012 06:44:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- The job market outlook in the second quarter of 2012 has improved in most countries, with prospects being the best in India, according to a survey by staffing services firm ManpowerGroup. A survey of 4,992 Indian employers showed that most plan to increase headcount in the April-June quarter this year. India&#039;s seasonally adjusted net employment outlook for the second quarter stood at 44%, one percentage up from the previous quarter. Net employment outlook is the difference in percentage of employers who anticipate increase in employment at their location in the next quarter and those who expect a decrease.]]></description>
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            <title><![CDATA[Realtors need 100 bps cut inside a year for rebound]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13498</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 14 Mar 2012 06:43:45 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- After rising for 18 months, interest rates may be heading south. But the cuts that are likely to follow the 75 basis points (bps) reduction in cash reserve ratio requirement by the Reserve Bank of India last week may not be sufficient to prop up the sagging real estate sector. Experts say while interest rates are likely to go down by 50 bps, the industry needs 100 bps cut, that too within a year.]]></description>
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            <title><![CDATA[India Inc&#039;s loan recast set to hit record Rs 1.5 lakh crore in FY12]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13497</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Mar 2012 06:42:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Companies in distress are rushing to restructure loans before the close of the fiscal to ensure working capital flows next year, and help banks dress up financial ratios when they present annual earnings in a year that will set a record for restructured loans since they were introduced in 2001. The Corporate Debt Restructuring Cell, a group comprising representatives from banks, will in the next two weeks take up as many as 20 cases to approve easier principal and interest repayment schedule after near-defaults, said a person familiar with the plan. It is not certain that all these cases aggregating about Rs 8,000 crore will be approved, he said.]]></description>
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            <title><![CDATA[CLB to Unitech: Buy out Telenor or exit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13496</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:41:56 +0530</pubDate>
			<description><![CDATA[Business Standard- The Company Law Board (CLB) today asked real estate company Unitech to decide by Monday if it wanted to buy its joint venture partner Telenor’s 67 per cent stake in telecom company Uninor or sell its 33 per cent stake to the Norwegian firm. Unitech and Telenor had moved the CLB separately against each other, to protect their investments and rights in their joint venture, Uninor, whose licences have been cancelled by the recent Supreme Court judgment.]]></description>
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            <title><![CDATA[Wave to invest Rs 4,000 cr in Noida township]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13495</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:40:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Wave Infratech, the realty arm of Ponty Chadha&#039;s Wave Group, today said it will invest Rs 4,000 crore to develop the first phase of the 152-acre township in Noida and the company does not see any impact on the project with change of government in Uttar Pradesh. The integrated mixed-use project would be developed on the land the company had won last year through an auction for about Rs 6,500 crore after outbidding Amrapali and The 3C Company.]]></description>
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            <title><![CDATA[Budget 2012: Realty demands infra status, will Pranab-da grant wishes?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13494</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 14 Mar 2012 06:40:15 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Whilst the last Budget 2011-12 had offered a mixed baggage to realty sector with very little for both developers and customers to cheer with not enough steps had been taken to improve the significance for the housing sector. Even today, the Indian real estate industry had been facing its own concerns like slowing economy, delay in decision making process, and hike in interest rates.]]></description>
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            <title><![CDATA[Real estate sector is looking for some relief from the central bank: Kapil Wadhawan , Interview with CMD, Dewan Housing Finance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13493</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:39:30 +0530</pubDate>
			<description><![CDATA[Business Standard- Dewan Housing Finance Ltd (DHFL) recently raised Rs 304 crore through a qualified institutional placement (QIP). Chairman and Managing Director Kapil Wadhawan, in an interview talks about the company&#039;s plans and strategies.]]></description>
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            <title><![CDATA[HC allows plot registrations in Emaar project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13492</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:38:17 +0530</pubDate>
			<description><![CDATA[Business Standard- In a relief to the buyers of villa plots in the controversial Emaar Hills Township Project (EHTPL), the Andhra Pradesh high court on Tuesday quashed the earlier government orders restraining the registration of the plots sold to them. The government issued orders in October 2010 stopping all property registrations in the project following a tiff between the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the Emaar group on the sale price as well as the equity dilution of the state nodal agency in the project, later leading to a CBI investigation.]]></description>
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            <title><![CDATA[Ponty Chadha firm says no problem with new UP govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13491</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Mar 2012 06:37:35 +0530</pubDate>
			<description><![CDATA[Business Standard- Within a week of the Uttar Pradesh Assembly election results, which saw the ouster of the Mayawati-led Bahujan Samaj Party regime in the state, Ponty Chadha’s real estate company, Wave Infratech, has made a mega project announcement. Chadha is believed to be a Mayawati loyalist.]]></description>
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            <title><![CDATA[Tata Housing launches its retail brand &#039;GoodLife&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13490</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Mar 2012 06:36:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- Tata Housing Development Company, the real estate arm of Tata Group, today launched its first pan-India retail brand &#039;GoodLife&#039;, which is designed specailly to bring mall culture to urban localities, where there are no malls. The company will be introducing the brand as a part of its 65-acre integrated township project in Boisar in the neighbouring Thane district.]]></description>
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            <title><![CDATA[More in the hands of aam aadmi ,Direct Taxes Code, in its latest avatar, takes into consideration high inflation, which is reducing the scope for long-term savings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13489</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Mar 2012 06:37:54 +0530</pubDate>
			<description><![CDATA[Business Standard- The third version of the Direct Taxes Code (DTC)— one which has the recommendations of the Standing Committee — is out. And, going by the overall theme, the common man might just be better off in some ways. If so, compared to the total deduction limit of Rs 1.40 lakh for long-term saving through tax-saving instruments, you may be able to save a total of Rs 3.2 lakh. Also, there are chances the basic exemption limit is raised to the suggested Rs 3 lakh from the present Rs 1.80 lakh.]]></description>
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            <title><![CDATA[Budget 2012: Increase infrastructure spending in urban areas, says PVR Murthy, Yash Birla Group]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13488</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Mar 2012 06:37:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the Finance Minister, Pranab Mukherjee set to deliver his budget speech on March 16, PVR Murthy, Group Finance Director, Yash Birla Group is of the opinion that the government has no option but to raise both excise and service taxes this year. He also feels that there are issues with respect to withholding taxes that need to be taken care of. In his pre-budget expectations, PVR Murthy, Group Finance Director, Yash Birla Group has highlighted the following measures that he expects the Finance Minister to announce with respect to the infrastructure, health, real estate and education sector.]]></description>
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            <title><![CDATA[What India Inc expects from Budget 2012: Sense not sensation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13487</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 13 Mar 2012 06:35:24 +0530</pubDate>
			<description><![CDATA[Moneycontrol- On 16 March, Finance Minister Pranab Mukherjee will decide what the Indian economy&#039;s immediate trajectory will be. But just days before Budget 2012, a detailed survey of the top bosses of India Inc shows that Corporate India expects a thrust on infrastructure, agriculture and education in this year&#039;s budget, to put the economy back on a firm growth track. In its Budget Expectations Survey 2012, consulting firm Grant Thornton surveyed participants from over 300 corporate houses across various sectors with the objective of gauging the pulse of India Inc on the expectations from the ensuing Budget.]]></description>
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            <title><![CDATA[Budget session: Highlights of President Pratibha Patil&#039;s speech]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13486</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 13 Mar 2012 06:34:15 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Stating that the UPA was committed to honest and efficient governance, President Pratibha Patil on Monday said India would soon be back on the high growth path of 8-9% from the 7% estimated for the current fiscal. Addressing the joint session of parliament on the first day of the budget session, the president said the current year had been a difficult year for global economy.]]></description>
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            <title><![CDATA[Budget 2012: IT sector expects tax measures]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13485</link>
			<source>Reuters</source>
			<pubDate>Tue, 13 Mar 2012 06:32:52 +0530</pubDate>
			<description><![CDATA[Reuters- The technology sector is set to cross the $100 billion mark this year with $69 billion from exports and $32 billion from the domestic market. This is a healthy increase of around 16 pct over last year’s growth despite global economic events such as the anti-outsourcing bill in the U.S. and the euro zone crisis which had an impact on the sector. It is anticipated that going forward, these global events will have a significant adverse impact on the Indian technology sector coupled with a number of measures taken by other developing countries to get more of outsourcing business.]]></description>
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            <title><![CDATA[No matter what, we will not give discounts to boost sales: Jeh Wadia , Interview with MD, Bombay Realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13484</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Mar 2012 06:30:44 +0530</pubDate>
			<description><![CDATA[Business Standard- Bombay Realty, a unit of the Wadia group, recently launched a residential project in Mumbai. The company is looking at more projects in Mumbai and Bangalore.]]></description>
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            <title><![CDATA[Impact Of IT, ITES on real estate in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13483</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Mar 2012 06:26:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- While Bangalore has advantages like available skilled workforce, a high quality of living and better career prospects, factors like the cost of real estate and ready access to international destinations also matter. Commercial developments in the city have been done by the private sector and the Bangalore Development Authority (BDA), which controls the growth process of the city. The city&#039;s commercial market is delineated into three spatial limits - central business district (CBD), suburban and peripheral. Bangalore has no true concept of a CBD. This flexibility has resulted in business growth from MG Road to other main roads such as Residency Road, Richmond Road and Brigade Road, Infantry Road and Cunningham Road.]]></description>
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            <title><![CDATA[Unitech eyes Rs 250-cr sales realization]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13482</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Mar 2012 06:25:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate major Unitech said on Monday it eyes a sales realisation of about Rs 250 crore over two years from the luxury housing project in Bangalore. The company announced the launch of its luxury villas project &#039;Aranya&#039;. It plans to develop 68 villas in the 15-acre project. The villas sizes range from 4,319-7,000 sq ft.]]></description>
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            <title><![CDATA[DLF to move Compat against CCI order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13481</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Mar 2012 06:24:30 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF notified Bombay Stock Exchange, that it will move Competition Appellate Tribunal (Compat), against the Competition Commission of India’s (CCI) order accusing DLF for abusing its dominant market position and imposing unfair conditions on home buyers, in its high-end residential project Magnolia in Gurgaon. On  August 16. 2011 CCI had slapped a penalty of Rs 630 crore on DLF for its projects in Gurgaon on similar grounds.]]></description>
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            <title><![CDATA[PwC India dressed up books to show profits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13480</link>
			<source>The Times of India</source>
			<pubDate>Mon, 12 Mar 2012 06:41:53 +0530</pubDate>
			<description><![CDATA[The Times of India- Serious violations of accounting principles as well as major financial irregularities have been detected in several entities of PricewaterhouseCoopers India (PwC India), which would seem to indicate that the company has been wrongfully dressing up its own books and those of its network audit firms in order to remain profitable. Several PwC India top honchos, including chairman Deepak Kapoor and some senior directors, signed backdated invoices, which smells of large-scale financial manipulation, and could spell further trouble for the company already tainted by being the auditor in the high-profile Satyam scam of 2009.]]></description>
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            <title><![CDATA[Budget 2012: CREDAI hopes realty gets a tax exempt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13479</link>
			<source>Moneycontrol</source>
			<pubDate>Mon, 12 Mar 2012 06:40:35 +0530</pubDate>
			<description><![CDATA[Moneycontrol- India is going through a phase of transition and is taking gigantic steps towards becoming a global superpower. With a view to it, the industry has huge expectations from the upcoming Union Budget for the year 2012-13 which is expected to be one of the biggest steps in the expansion of India&#039;s might. In the Budget that the Finance Minister wishes to present before the country we wish to seek some value additions for the real estate sector. Firstly expecting the government to set a trend of policy reforms for the sector we wish to urge the government to exempt all sorts of investment made in the real estate sector from tax.]]></description>
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            <title><![CDATA[&#039;Protection of developers should be considered&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13478</link>
			<source>The Times of India</source>
			<pubDate>Mon, 12 Mar 2012 06:39:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Growth of real estate in Nashik is slow, but steady. It has never happened that the demand is more and supply is low or the supply is more and demand is less. There are no more fluctuations in demand and supply, the situation is balanced. Initially, rates are low when a residential project is launched, but they increase gradually as the project nears completion. By the time the project is completed in one-and-a-half or two years, rates shoot up by around 30% as compared to the initial rates. Customer who book flats in the initial days of the project will always profit. But, the trend in Nashik is different. Customers express interest in booking flats in the finishing stages of projects as it saves them a large amount of interest on loans and the Equated Monthly Installments (EMIs) also consequently start only after the transaction for the home is carried out in the final stages of construction.]]></description>
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            <title><![CDATA[IT majors like Mahindra Satyam, EMC, Cognizant save on office rents to weather slowdown storm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13477</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Mar 2012 06:38:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- A rising number of information technology firms are consolidating and re-aligning leased office spaces across the metros, hoping to save their rents and operating costs that will help them sail through the global economic storm. Among the big-ticket lease agreements locked recently is that of Mahindra Satyam. The IT services provider, which operates from multiple locations in Bangalore, has taken up 5,00,000 sq ft of space in Manyata Tech Park in the city.]]></description>
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            <title><![CDATA[Make building and buying affordable]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13476</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 12 Mar 2012 06:37:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Extending infrastructure developer status to the real estate sector, tax benefits for enabling affordable housing, including interest subsidy, development of rental housing, and bringing down interest rates on home loans are among the major demands for the real estate sector. Mr Lalit Kumar Jain, National President, Confederation of Real Estate Developers Associations of India, said in a statement, “If urbanisation is a key aspect of economic development, then the real estate sector has to underpin the growth. Apart from being a key trigger to urban development it supports a range of construction-related industries and generates jobs.]]></description>
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            <title><![CDATA[State to implement affordable housing policy from April 15]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13475</link>
			<source>Indian Express</source>
			<pubDate>Mon, 12 Mar 2012 06:36:45 +0530</pubDate>
			<description><![CDATA[Indian Express- The state government’s affordable housing policy is set to be implemented from April 15. With a preliminary notification already out, the policy will be implemented after the final notification in a month’s time. This was decided at a recent meeting between Additional Chief Secretary (Urban Development Department) TC Benjamin and representatives of Confederation of Real Estate Developers’ Associations of India (CREDAI) from Pune, Nagpur, Kolhapur, Nashik and Aurangabad.]]></description>
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            <title><![CDATA[MMRDA eyes Gujarat land buy model for Virar-Alibaug link]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13474</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Mar 2012 06:35:45 +0530</pubDate>
			<description><![CDATA[Business Standard- With land acquisition becoming a major challenge for undertaking projects in the metropolis, the Mumbai Metropolitan Region Development Authority (MMRDA) plans to follow a model from the neighbouring Gujarat, where land owners are made partners in the developmental projects. The MMRDA, which plans to develop a 126-km-long multi-modal corridor(MMC) running from Virar in the extreme northwest of the city to Alibaug on the southeastern periphery, is planning to adopt the Gujarat model of land acquisition by making land-owners partners in the project.]]></description>
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            <title><![CDATA[Realty&#039;s expectations from Budget]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13473</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 12 Mar 2012 06:34:43 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers&#039; Associations of India (CREDAI) is looking forward to the Centre as well as the State Budgets to help the sector address the needs of the home buyers. In an interview to Business Line, Mr Harsh Vardhan Patodia, the President of the Bengal chapter of CREDAI, representing more than 160 developers, talks of the industry in West Bengal, its budget expectations, the status of the sector in the State, the problems the sector faces, and the way forward for developers.]]></description>
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            <title><![CDATA[Maharashtra govt to revise stamp duty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13472</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Mar 2012 06:33:38 +0530</pubDate>
			<description><![CDATA[Business Standard- The Maharashtra government has proposed revision of stamp duty on leave-and-licence agreements in the state, for residential and commercial premises. The maximum stamp duty now for commercial premises is Rs 50,000 for 60 months and Rs 25,000 for 60 months for residential ones. The government proposes 0.1 per cent stamp duty on the market value of the residential property or one per cent of the premium plus average annual rent paid, whichever is higher, for up to 36 months. For commercial, the duty for 60 months would be 0.4 per cent.]]></description>
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            <title><![CDATA[Confederation of Real Estate Developers&#039; Association of India to train unskilled labourers in Nashik city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13471</link>
			<source>The Times of India</source>
			<pubDate>Mon, 12 Mar 2012 06:32:59 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Association of India (CREDAI), the apex body for private real estate developers in the country, is currently evaluating the possibility of replicating the on-site training model for construction workers, which is already being implemented by its Pune chapter, in Nashik. As part of its social obligation, Credai is planning to train unskilled labourers from 10 select cities in the country with the assistance of the National Skill Development Corporation (NSDC). Credai has already started providing training to 20,000 unskilled labourers in Pune in association with the NSDC. The NSDC is providing financial assistance for the project.]]></description>
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            <title><![CDATA[DLF accused of imposing unfair conditions on flat owners]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13470</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Mar 2012 06:32:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Anti-monopoly watchdog CCI has again accused India&#039;s largest real estate firm DLF of abusing its dominant market position and imposing unfair conditions on home buyers, this time in its high-end residential project Magnolia in Gurgaon. The Magnolia Flat Owners&#039; Association had filed accomplaint against DLF Universal, Haryana Urban Development Authority and the Director Town and Country Planning, Haryana, with the Competition Commission of India (CCI).]]></description>
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            <title><![CDATA[FDI in multi-brand retail tops industry’s Budget wish list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13469</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Mar 2012 06:30:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- India’s organised retail industry, which forms7-8%of the$650 billion retail trade, has three primary expectations from the Union Budget 2012-13, which it says will boost the economy and spur growth. These include, exemption from service tax on rentals, nationwide implementation of goods and services tax (GST) and the policy announcement on FDI in multi-brand retail.]]></description>
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            <title><![CDATA[Citing poor market sentiment, MMRDA shelves BKC land sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13468</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Mar 2012 06:29:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- Owing to uncertainty in the real estate sector, the Mumbai Metropolitan Region Development Authority (MMRDA), which presented a deficit of Rs 1,760 crore for its FY13 budget, is not planning to lease its vacant plots in the prime Bandra-Kurla Complex area.&quot;There is uncertainty in the real estate market and auctioning land in this scenario will not make sense till we get incremental value on our land stock. We will rather prefer to maintain the plots as landbanks,&quot; MMRDA commissioner Rahul Asthana has said.]]></description>
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            <title><![CDATA[Morgan Stanley fund back after four years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13467</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Mar 2012 06:28:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Morgan Stanley Real Estate Investment (MSREI), the real estate fund of the global investment bank Morgan Stanley, has invested in a realty project in the country after more than four years. MSREI invested $90 million in Mumbai-based Sheth Developer’s project in Andheri in part debt-equity form, to help refinance the amount raised to acquire the land parcel from glass major Borosil, a senior official privy to the transaction said. Borosil Glass Works had sold its 18 acre industrial plot near Andheri-Kurla Road to Sheth Developers for Rs 875 crore and the latter has launched a township project on that land which is called Sheth Vasant Oasis.]]></description>
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            <title><![CDATA[Are cracks in DLF alone or is real estate sector suffering from strategic mistakes?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13466</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Mar 2012 06:27:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Is DLF an outlier or are its alleged problems representative of the real estate sector? Are other developers also guilty of similar strategic mistakes? Here&#039;s a comparison of DLF&#039;s alleged weak points with five competitors that reveals fissures across the sector but confirms that the deepest cracks are in India&#039;s largest real estate company. Most have shrugged off the claim that DLF shares are worth Rs 100 a piece as an exaggeration. As a stock analyst said, &quot;It&#039;s the same old story.&quot; DLF is facing scrutiny from both Sebi and the Ministry of Corporate Affairs. There is a larger question at play though.]]></description>
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            <title><![CDATA[Pallonji set to quit after six decades ,Shapoor To Take Charge Of SP Group With Sibling Cyrus Set To Lead Tatas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13465</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Mar 2012 07:01:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Reclusive billionaire Pallonji Mistry has relinquished board seats in some of his companies as a precursor to possible change of guard in the 147-year-old Shapoorji Pallonji Group, regarded as one of the most valued private enterprises in India. Pallonji, who has been at the helm of the group for six decades, has, in recent weeks, left boards of Forbes &amp; Company and Afcons Infrastructure as old age and health worries catch up with the 82-year-old construction magnate. And it’s only a matter of time before he steps down as chairman of the flagship Shapoorji Pallonji &amp; Company, putting his eldest son Shapoor Mistry in charge.]]></description>
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            <title><![CDATA[METRO BOOST TO VAISHALI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13464</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Mar 2012 06:58:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Vaishali has come a long way in terms of real estate development.The factors favouring growth and attracting buyers are the social and the physical infrastructural development of the region, undertaken during the Commonwealth Games in 2010, the extended Metro track and close proximity to Delhi and Noida. As property prices spiral in Delhi, and Indirapuram and Kaushambi get crowded, people are moving towards Vaishali.]]></description>
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            <title><![CDATA[NOIDA, GURGAON HOT LOCALITIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13463</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Mar 2012 06:57:35 +0530</pubDate>
			<description><![CDATA[The Times of India- The growth in Noida is backed by planned infrastructure, better civic amenities and increased supply in comparison to the Gurgaon property market. Many developers in the National Capital Region (NCR) believe that although the valuation of properties in Gurgaon is better compared to Noida, the advantage is more a reflection of the fact that Grade A buildings of corporates took off in Gurgaon much before than those in Noida.]]></description>
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            <title><![CDATA[FINALLY, DEVELOPERS PROMISE A FAIR DEAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13462</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Mar 2012 06:56:07 +0530</pubDate>
			<description><![CDATA[The Times of India- To protect the interest of buyers and embrace transparent practices, Credai (Confederation of Real Estate Developers&#039; Association of India) has adopted a model code of conduct and is planning to run a nationwide campaign about it. The model code of conduct has been signed by all the members of Credai, except majors builders like DLF, Unitech, JP, etc. Credai says it will terminate the membership of all those developers and builders who fail to sign up on the model code of conduct by March 31.]]></description>
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            <title><![CDATA[PROGRESS MUST BE SUSTAINED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13461</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Mar 2012 06:54:52 +0530</pubDate>
			<description><![CDATA[The Times of India- The spectacular return of Mulayam Singh Yadav at the helm of Uttar Pradesh is haunting most developers, builders and buyers of apartments in Noida, Greater Noida and Yamuna Expressway, a hub of affordable housing in the NCR. Most of them believe tough times are round the corner. They expect a backlash from the new government, as Mayawati had an emotional connect with the area. Her ancestral village is in Badalpur in Greater Noida and she also braved the Noida jinx — any CM who visits Noida is bound to lose the job goes the belief.]]></description>
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            <title><![CDATA[Budget 2012: Property buyers waiting for cues]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13460</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Mar 2012 06:53:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Union Budget is soon to be out and the property market is looking at the new financial year with hope of renewed buying and selling activity. While developers hope to cash in on this, the buyers are looking cautiously at the trends in the global economy while keeping a firm track on the developments in the domestic economy.]]></description>
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            <title><![CDATA[Budget 2012: All hopes on making &#039;affordable housing&#039; a reality]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13459</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 10 Mar 2012 06:53:07 +0530</pubDate>
			<description><![CDATA[Moneycontrol- We hope that the Union Budget for 2011-2012 will give consumers the much needed support to make affordable housing a reality. We need tax and interest rate incentives to encourage construction of houses for the masses, apart from making land parcels available at low costs. There is an urgent need to create &#039;Real Estate Regulatory Authority (RERA)&#039; for increasing the levels of transparency. According to RICS India, in order for India to achieve its envisaged 10% growth during the coming financial year, the requirement for sustainable infrastructure development is crucial. We hope the Finance Minister will address this.]]></description>
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            <title><![CDATA[Real estate players seek a reduction in tax rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13458</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 10 Mar 2012 06:51:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- As always, at Budget time, one of the foremost hopes among real estate players is that the sector will be granted industry status. Enactment of the Real Estate Regulation Bill will be a big step in the direction of recognising real estate as a significant industry. Industry status to the realty sector would help developers get easier long-term and short-term finances. The Government should look at conferring infrastructure status to affordable housing projects in the country, says Mr Venkat K. Narayana, Chief Financial Officer, Prestige Group.]]></description>
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            <title><![CDATA[Abu Dhabi sovereign fund looks to buy India property: Sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13457</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Mar 2012 06:50:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Abu Dhabi Investment Authority (ADIA), one of the world&#039;s biggest sovereign wealth funds, plans to invest directly in Indian real estate in an effort to diversify from its current strategy of ploughing money into the country through realty or private equity funds, sources familiar with the matter said. ADIA&#039;s investments in Indian real estate to date total $400 million to $500 million, largely through property and private equity funds, and the fund is now scouting for direct investment opportunities, one of the sources said.]]></description>
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            <title><![CDATA[House panel submits DTC report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13456</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Mar 2012 06:50:14 +0530</pubDate>
			<description><![CDATA[Business Standard- Parliament’s standing committee of finance today gave its report on the government’s bill to enact a new Direct Taxes Code (DTC) to Lok Sabha Speaker Meira Kumar. It has suggested much wider tax slabs and tax breaks than recommended by the legislation, for individual payers. No changes were suggested for corporate tax. Officials said after the report is formally tabled in Parliament’s coming session, the finance ministry may table a revised bill in the next, monsoon session. The DTC is expected to take effect from April 1, 2013.]]></description>
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            <title><![CDATA[Ratan Tata inaugurates Harvards classroom]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13455</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Mar 2012 06:49:22 +0530</pubDate>
			<description><![CDATA[Business Standard- Take the space of a gym, invest Rs 12 crore in renovation, and what you have is an amphitheater-style classroom where companies and B-schools will deliver lectures to executives in days to come. This classroom, closely fashioned after the one at Harvard Business School in Boston, was inaugurated on Friday by Ratan Tata, Chairman Tata Sons and Nitin Nohra, Dean, Harvard Business School at the Taj Lands End, Bandra in suburban Mumbai. With a space of 2,400 square feet and a seating capacity of 82 students, the classroom took a year for the Taj Group to build.]]></description>
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            <title><![CDATA[Piramal Realty frontrunner to buy HUL&#039;s Gulita]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13454</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Mar 2012 06:48:25 +0530</pubDate>
			<description><![CDATA[Business Standard- After a prolonged process, the Ajay Piramal-promoted Piramal Realty has emerged as a frontrunner to buy Hindustan Unilever’s sea-facing property, ‘Gulita’, according to two sources. By quoting Rs 410 crore for the one-acre property, it has outbid the other two finalists in the fray. The two other entities, led by Anil Ambani and Gautam Adani, are believed to have quoted between Rs 350 crore and Rs 400 crore, said a person with knowledge of sale talks.]]></description>
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            <title><![CDATA[HCC gets board approval for Corporate Debt Restructuring]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13453</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Mar 2012 06:47:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- With its cash flow under stress, engineering and construction firm HCC today said its board has approved corporate debt restructuring proposal. &quot;The board of directors of the company at its meeting... has decided to approach bankers through CDR (Corporate Debt Restructuring) process for re-alignment of the company&#039;s debt,&quot; HCC said in a filing to the Bombay Stock Exchange.]]></description>
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            <title><![CDATA[RBI cuts CRR cut by 75 bps; paves way for lower interest rates and easier liquidity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13452</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Mar 2012 06:45:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Minutes after money market traders hung up their phones, the Reserve Bank of India unexpectedly slashed the cash reserve ratio (CRR) of banks by as much as 75 basis points, setting the tone for lower interest rates and easier liquidity. Perhaps, it didn&#039;t have a choice: next week&#039;s industrial production numbers are likely to dip, high-street banks have been paying through their nose to borrow, and Rs 60,000 crore will flow out of the market by March 15 as corporates pay advance tax.]]></description>
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            <title><![CDATA[No change in property tax assessment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13451</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Mar 2012 06:45:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- The state Cabinet on Wednesday allowed the Brihanmumbai Municipal Corporation to continue levying property tax based on the rateable value-based assessment for a year. The civic body had sought more time to implement the capital value-based property tax system, which was scheduled for adoption since April 1, 2010. As a result, the BMC will continue to dispatch bills for the coming financial year based on rateable values -- the notional rent that a property could earn — fixed in 2009-’10. The civic body has sought more time to finalise its business rules for implementation of the new system, widely acknowledged to be a more rational system and expected to bring in several hundred additional crores into the BMC’s coffers.]]></description>
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            <title><![CDATA[Builders to shell out fire protection fee soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13450</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Mar 2012 06:44:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Developers in the city will have to pay a fire protection fee along with scrutiny fees to get their building plans approved by the fire department, according to a proposal awaiting the nod of the municipal commissioner. The fire protection fee will be charged for residential buildings, commercial buildings, including malls, commercial centres, luxury hotels and multiplexes. This is the first time that the civic body will be charging a fire protection fee for new buildings.]]></description>
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            <title><![CDATA[Builder to pay for not giving amenities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13449</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Mar 2012 06:43:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a relief to nine residents of a co-operative housing society in Wadala, the Central Mumbai Consumer Dispute Redressal Forum has passed an order directing a builder to pay over Rs 1.5 lakh to each occupant for failing to provide the promised amenities. EMG Green Developers, a local builder, constructed a 10-storey building in 2005 and promised a few basic amenities with all the flats occupied. He also asked the buyers to pay other development charges each year. However, on completion of the project and once the property was occupied, the developer allegedly shirked off all responsibilities.]]></description>
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            <title><![CDATA[Realty industry hails CRR cut]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13448</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Mar 2012 06:42:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- Terming RBI&#039;s decision to reduce cash reserve ratio (CRR) as a &quot;positive step&quot;, the realty body CREDAI today said the move would enable financial institutions to fund real estate projects. The body also sought cut in short-term lending and borrowing rates -- repo and reverse repo -- to bring down the interest rates.]]></description>
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            <title><![CDATA[‘Govts need to put in serious quality control’ Marketing Mgmt Expert Advises Pvt Sector To Become A Brand With A Distinct Meaning]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13447</link>
			<source>The Times of India</source>
			<pubDate>Fri, 09 Mar 2012 06:28:34 +0530</pubDate>
			<description><![CDATA[The Times of India- A whole generation of management students has grown up reading Philip Kotler’s best selling book on marketing. The corporate guru spoke to TOI about the future of marketing on the sidelines of the inaugural edition of the World Marketing Summit, an annual gathering of professionals, which he launched in Dhaka recently to find solutions to various global challenges.]]></description>
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            <title><![CDATA[DLF Case: Gupta family moves High Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13446</link>
			<source>Indian Express</source>
			<pubDate>Fri, 09 Mar 2012 06:27:08 +0530</pubDate>
			<description><![CDATA[Indian Express- Businessman Gowri Shanker Gupta, his brother Gopal Gupta and their family members approached AP High Court with a request to quash proceedings against them by the police and to stay the investigation in respect to a cheating case against them by real estate firm DLF Universal Ltd. They have filed two separate criminal petitions in the court, which are expected to come up for hearing on Wednesday.]]></description>
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            <title><![CDATA[Residential projects on hold, thanks to controversial GO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13445</link>
			<source>The Times of India</source>
			<pubDate>Fri, 09 Mar 2012 06:25:54 +0530</pubDate>
			<description><![CDATA[The Times of India- The state government&#039;s failure to take a final decision on the controversial GO 45, issued in January last year, has brought the city&#039;s real estate industry to a standstill. As per Greater Hyderabad Municipal Corporation (GHMC) records, as few as four applications for building residential complexes have been submitted with its town planning department in the last 13 months. The usual number of such applications, as per municipal officials, is more than 12 per year. The four projects that have sought permission, in compliance with the GO are located in Banjara Hills, Sanathnagar, Kukatpally and Gopannapally.]]></description>
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            <title><![CDATA[Premium will grow twice the rate of the market: Salil Sadanandan , Interview with MD, Kohler India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13444</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Mar 2012 06:24:48 +0530</pubDate>
			<description><![CDATA[Business Standard- Kohler, the Wisconsin (US) based plumbing company which entered India in 2006 has invested more than $100 million ( Rs 500 crore) in the country so far. While the company is a player in the furniture and tiles business in the US, in India the focus will be on the ‘premium’ bath fittings market and the kitchen segment. Kohler India MD Salil Sadanandan shares some insights with Preeti Khicha.]]></description>
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            <title><![CDATA[Budget is here, so is the wishlist]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13443</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 09 Mar 2012 06:23:31 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Squeezed by a severe credit crunch, the Indian realty sector is hoping for better times. The industry is optimistic that the government will provide some relief by easing the FDI policy and providing tax incentives for budget housing in the upcoming Budget for 2012-13.]]></description>
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            <title><![CDATA[Realty sector returns in&amp;#8232;India at an all-time high]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13442</link>
			<source>Khaleej Times</source>
			<pubDate>Fri, 09 Mar 2012 06:22:19 +0530</pubDate>
			<description><![CDATA[Khaleej Times- India’s real estate sector is poised to record continued strong growth given the robust state of the country’s economy, which is projected to grow 8.5 per cent in the current fiscal.]]></description>
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            <title><![CDATA[Senior citizens fight for PMC sanctioned plot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13441</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Mar 2012 06:21:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- When the plan of their bungalows was sanctioned in 1964, hardly had they imagined that the approved 10 per cent of the total area of the plot would take away the peace of their retirement days. Senior citizens of the upmarket Bund Garden Road are today fighting for a 15,000 square feet plot, which was sanctioned by the Pune Municipal Corporation (PMC) as open space against acquisition by builders and ownership claimants. In a tussle that began in 2007, a group of 10 men and women, allegedly sent by the ownership claimant, broke open the lock and occupied the open space. The residents immediately filed a complaint at Mangaldas Police Station against them.]]></description>
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            <title><![CDATA[Sahara eyes UK’s Marriott hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13440</link>
			<source>The Times of India</source>
			<pubDate>Thu, 08 Mar 2012 07:44:03 +0530</pubDate>
			<description><![CDATA[The Times of India- After snapping London’s iconic Grosvenor House Hotel for 470 million pounds last year, diversified business conglomerate Sahara India is close to buying out a bunch of Marriott hotels in London valued at 750 million pounds. Though UAE-based Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the world, has emerged as the lowest bidder, Sahara has been identified as the preferred bidder.]]></description>
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            <title><![CDATA[Thunderstorm Building over Realty , Outstanding realty sector loans of over . 2 lakh crore to banks only reinforces the need for a regulator]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13439</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Mar 2012 07:42:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- Storm clouds are gathering over India’s real estate sector yet again. March of 2012 would mean that pressures for repayment of loans due only to banks shall mount on the sector. Current estimates made by industry watchers suggest that the amount of outstanding loans due to banks are in excess of . 2 lakh crore, with about . 35,000 crore alone being due from the four big pan-Indian developers.]]></description>
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            <title><![CDATA[How India Inc can Slash the Energy Bill of its Old Buildings by 20-30%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13438</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Mar 2012 07:41:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- In Infosys Technologies’ army of 135,000 employees in India providing software solutions to companies, a team of seven has a different obsession: how to shave off 1 MW from the 10-11 MW of power each of its five large campuses currently draws. They call it ‘the 1 MW challenge’. “We are taking highly unreasonable goals and thinking out of the box,” says Rohan Parikh, head of green initiatives, Infosys. “We look at leading technologies around the world and current technologies implemented in India, and see a huge opportunity.” Starting 2008-09, the team has been doing ‘deep retrofits’ of the company’s five large campuses in Bangalore, Chennai, Hyderabad, Mysore and Pune. They leave the shell of the building largely untouched. But, inside, they redo four areas—airconditioning, lighting, compute and building automation—to increase efficiency and decrease energy consumption.]]></description>
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            <title><![CDATA[Real Estate: A look at Hyderabad&#039;s property market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13437</link>
			<source>Daily Bhaskar</source>
			<pubDate>Thu, 08 Mar 2012 07:39:37 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- Residential property buyer sentiments in Hyderabad have improved considerably over the last three quarters. There has been a gradual but certain increase in residential demand and absorption. That said, the market is still a long way from touching the 2007- 2008 levels.  There has been a marked increase in activity by developers scouting for suitable land parcels for residential development. More than anything else, this is a convincing indication that they want to proceed with their expansion plans and not hold on to their land, which had more or less been the trend since 2008-2009.]]></description>
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            <title><![CDATA[Budget 2012: Realty cos hope for no hike in service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13436</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 08 Mar 2012 07:38:52 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The year has changed, but the problems plaguing the real estate sector have not. Naturally, neither have the sector&#039;s list of expectations from the Budget. The sector is now clinging to hope that the Finance Minister will, at least this year, offer some deliverance. Battered by repeated rate hikes, which have meant a fall in sales, and a higher cost of funds, players are asking that Budget 2012 contain measures to revive demand and rationalise taxes.]]></description>
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            <title><![CDATA[BPTP comes up with Chateau in Gurgaon Sect 102]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13435</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Mar 2012 07:37:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- BPTP, an NCR-based real estate developer, is coming up with customisable villas in Gurgaon. Christened as ‘Chateau’, these villas are part of the co&shy;mpany’s luxurious integrated to&shy;wnship Amstoria in Sector 102, Gurgaon and were launched one-and-a-half years ago. Located on the Dwarka Ex&shy;pressway, the company claims Am&shy;storia to be one of the most successful ventures with land value seeing significant appreciation since the launch. The township, spread across 126.67 acre, consists of plots, independent floors, with villas as a new entrant.]]></description>
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            <title><![CDATA[Kolte – Patil to develop ‘Life Republic’ township]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13434</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Mar 2012 07:36:45 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Pune-based Kolte-Patil Dev&shy;elopers has launched Life Re&shy;public, an ultramodern tow&shy;nship near the IT hub of Hinjewadi, near Pune. The township is being dev&shy;eloped under the special township policy of Maharashtra government with an investment of Rs 600 to Rs 800 crore. “It is a big project comprising 12,000 to 15,000 apartments spread over 400-acre campus,” Vijay Sane, project director, Kolte-Patil I-ven Townships said.]]></description>
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            <title><![CDATA[Ramee Mall opens up in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13433</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Mar 2012 07:35:43 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Ramee Group, owned by Raj Shetty, which is a fast growing mid-segment hotel group, has entered Chennai with a mall as its first offering to this southern metropolitan city. Ramee Mall, a boutique mall targ&shy;etted at the luxury segment of shopp&shy;ers, has opened up on Mount Road in the same building, which houses the Grand Hyatt Hotels with separate entry and exit routes for the mall.]]></description>
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            <title><![CDATA[Home away from home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13432</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Mar 2012 07:34:01 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Off the hustle and bustle of the city life, your weekend home is no longer a luxury. It’s serene and lavishly verdant, yet not too far from the city. A couple of hours&#039; drive through the morning mist takes you there, for a completely different lifestyle and experience, where fresh vegetables from your kitchen garden enthrall your taste buds. Residential property sales may have witnessed a significant decline in metros due to higher prices and high home loan rates. But demand for second homes has picked up in the past couple of years in the outskirts of cities, especially in the upper end of the market as customers are not essentially dependent on housing loans to finance their dream home away from their primary home.]]></description>
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            <title><![CDATA[No non-core asset sale in Q4, says DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13431</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Mar 2012 07:32:26 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate major DLF is likely to close the current financial year with a realisation of around Rs 1,600 crore from non-core asset sale, the same level that was achieved end of the December third quarter. The fourth quarter of 2011-12 will be muted for the company, with all big ticket non-core asset sales now pushed to 2012-13.]]></description>
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            <title><![CDATA[NBCC issue opens on March 22]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13430</link>
			<source>Indian Express</source>
			<pubDate>Thu, 08 Mar 2012 07:31:47 +0530</pubDate>
			<description><![CDATA[Indian Express- The government has decided to go ahead with its decision of divesting a 10 per cent stake in National Buildings Construction Corporation (NBCC) in the second half of March. According to Sidhartha Pradhan, additional divestment secretary, the initial public offer (IPO) of NBCC will open on March 22 and close on March 25. The empowered group of ministers (EGoM) will meet on March 19 to decide the price band for the issue. “The IPO price band will be decided in the EGoM meeting on March 19,” said Pradhan.]]></description>
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            <title><![CDATA[MMRDA devises ways to reduce cost of land acquisition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13429</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 08 Mar 2012 07:31:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Mumbai Metropolitan Region Development Authority (MMRDA) is looking at ways to substantially reduce the cost of land acquisition for the Virar-Alibaug multi modal corridor and make the process simpler. Instead of the usual compensation, the MMRDA is considering making the project-affected people stakeholders in the project. The authority plans to acquire more land than required, develop the land surrounding the project by improving connectivity and give the project-affected people plots on the extra land.]]></description>
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            <title><![CDATA[Residents fear Maya projects may be junked]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13428</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Mar 2012 06:19:44 +0530</pubDate>
			<description><![CDATA[The Times of India- With the Samajwaddi Party storming to power in UP, the fate of numerous infrastructure projects in Gautam Budh Nagar district — initiated by outgoing chief minister Mayawati — hangs in balance. Thousands of crores have been pumped into these projects, now in various stages of completion. In 2004, the SP government had disbanded the district and stalled various projects, thereby slowing down the pace of development. With the party back in power, residents of Noida and Greater Noida are in a quandary regarding the future of these projects.]]></description>
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            <title><![CDATA[Noida homebuyers keep their fingers crossed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13427</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Mar 2012 06:18:39 +0530</pubDate>
			<description><![CDATA[The Times of India- Noida, a destination of affordable housing and infrastructure, is keeping its fingers crossed on the return of Mulayam Singh Yadav. Will the SP chief’s policies and his need to kill Brand Mayawati seal its fate? Or will Akhilesh be a sobering influence? Residents recall how in 2004, Mulayam had dissolved the district and stalled many projects, leading to clashes.]]></description>
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            <title><![CDATA[Tata Housing bids to buy US consulate buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13426</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Mar 2012 06:17:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The American consulate properties have generated considerable interest in Mumbai&#039;s real estate circles. &quot;Negotiations are at an advanced stage and the deal is expected to be concluded in less than a month,&#039;&#039; said an industry source tracking the sale. The US government had set a reserve price of Rs 850 crore for Lincoln House, but found no takers when it invited bids late last year.]]></description>
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            <title><![CDATA[Cash &amp; Carry competition: UK chain Booker plans 20 India stores in 5 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13425</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Mar 2012 06:16:30 +0530</pubDate>
			<description><![CDATA[Business Standard- The $6.5-billion UK-based cash and carry group, Booker, is looking to expand its India operations. Even as American giant Walmart, French chain Carrefour and German group Metro are seen as the big daddies in the segment, now Booker would add to the competition.
With three stores in Maharashtra (in Mumbai, Pune and Thane), the UK chain has begun exploring options outside the state. In the next five years, it is planning as many as 20 cash and carry stores, the company’s India managing director, Zunaid Bangee, told Business Standard.]]></description>
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            <title><![CDATA[MoEF guidelines could hit realty where it hurts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13424</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Mar 2012 06:15:36 +0530</pubDate>
			<description><![CDATA[The Times of India- The new Ministry of Environment and Forest (MoEF) guidelines may prove to be a dampener for Kerala&#039;s construction industry. As per these guidelines, buildings that are more than five storeys or 15-metre high should have wide roads around them. These guidelines are applicable to Kerala, Maharashtra and Haryana. These three states had approached the ministry for approval to increase the height limit for buildings.]]></description>
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            <title><![CDATA[Budget 2012: Need a real estate watchdog; more sops for cheap housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13423</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 07 Mar 2012 06:14:41 +0530</pubDate>
			<description><![CDATA[Moneycontrol- A combination of factors such as high inflation, high interest rates, rising prices, uncertain global economic conditions and controversies over land acquisition had put pressures on the Indian real estate sector during 2011. However, despite economic slowdown, the sector has shown recovery and positive outlook in last 3-4 months on account of improvement in global investor sentiments and improvement in Indian macro-economic conditions such as fall in inflation rates, pause in interest rate hike followed by reduction in cash reserve ratio (CRR), etc.]]></description>
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            <title><![CDATA[Realty focus to shift from Noida to Lucknow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13422</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Mar 2012 06:12:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Lucknow may well become the new real estate capital of Uttar Pradesh under the Samajwadi Party’s rule in the state, a clear shift from Noida at present.While Noida and Greater Noida, next to Delhi, had gained in prominence under Mayawati as the UP chief minister, Lucknow would get the same treatment now, experts said after the results to the five state elections were announced.]]></description>
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            <title><![CDATA[UT ignores pleas to curb expansion of illegal structure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13421</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Mar 2012 06:11:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- An alleged unauthorised religious structure, constructed on reserved land, amid a cluster of houses in Sector 45-A has become a matter of serious concern for the residents who are knocking the doors of senior functionaries of the UT Administration for the past four years.The illegal religious structure, which had come up about ten years ago on the reserved land, has started expansion which has become a cause of worry for the residents. The expansion, a hall with a capacity of 150 people is underway, despite the UT Finance Secretary directing the UT Estate Office to take cognisance of the numerous representations of the residents to verify the claims of taking action, nothing has happened on the ground.]]></description>
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            <title><![CDATA[Tatas lead race for prime US properties in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13420</link>
			<source>The Times of India</source>
			<pubDate>Tue, 06 Mar 2012 06:06:48 +0530</pubDate>
			<description><![CDATA[The Times of India- Two landmark American properties in south Mumbai may finally get new owners by Marchend,four months after they were put on the block.Although secrecy surrounds the high-profile transactions,TOI has learnt that Tata Housing Development Company (THDC) could be the frontrunner for the two-acre,sea-facing US consulate building,Lincoln House,at Breach Candy.It is also believed to be one of the contenders for the two-storey residential property,Washington House,at Altamount Road.]]></description>
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            <title><![CDATA[DDA to auction 100 flats at Games Village]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13419</link>
			<source>The Times of India</source>
			<pubDate>Tue, 06 Mar 2012 06:05:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi Development Authority has decided to auction 100 flats from its share at Commonwealth Games Village at a base price of Rs 16,000 per square feet.After the Delhi high court paved way for the clearance of 30 towers at the village,DDA is now awaiting a nod from its legal department to initiate the process of auctioning.The authority has also requested for an early hearing in the court so that the process can begin in the coming weeks.]]></description>
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            <title><![CDATA[PE funds use mezzanine debt route for realty investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13418</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 06 Mar 2012 05:55:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Foreign private equity funds which have invested in real estate and infrastructure sector and find themselves caught in a policy row between the Reserve Bank of India and the government, are lining up a bevy of ‘mezzanine funds’ for the Indian market. These funds, which are typically debt-dominated instruments with an equity “sweetener,”provide medium-to-long term capital to promoters without significant ownership dilution.]]></description>
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            <title><![CDATA[Realtors&#039; body frames code of conduct to resolve consumer complaints]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13417</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 06 Mar 2012 05:55:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- As part of measures to resolve consumer complaints expeditiously, the Confederation of Real Estate Developers Associations of India has set up a ‘code of conduct&#039; for its members. Delay in possession of house, failure to meet commitments, additional demand of money over agreed value and ambiguity over sold areas are some of the common complaints against builders.]]></description>
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            <title><![CDATA[Bengal govt identifies nine lakh acres for land bank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13416</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Mar 2012 05:54:21 +0530</pubDate>
			<description><![CDATA[Business Standard- The West Bengal government, grappling with the absence of industry sentiment, on Monday said that it has identified nine lakh acre for a land bank which would be created for setting up industries. The announcement comes roughly a month and a half after PricewaterhouseCoopers was appointed by the state government to come up with a study on the available land bank, which could be used for industry.]]></description>
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            <title><![CDATA[Rs 4,000 cr sought for housing in Karnataka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13415</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Mar 2012 05:53:26 +0530</pubDate>
			<description><![CDATA[Business Standard- An allocation of Rs 4,000 crore has been sought in the 2012-13 Budget for providing housing facilities in Karnataka. According to a survey, 900,000 poor people are now without a roof over their head in the state.
To provide housing for these sections, the state government had sanctioned construction of 640,000 houses during 2011-12.]]></description>
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            <title><![CDATA[Retail chains confused on multi-brand FDI, kirana stores ready to burn effigies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13414</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Mar 2012 05:52:26 +0530</pubDate>
			<description><![CDATA[Business Standard- A day ahead of the critical state election results, retail majors had little clarity on whether the poll outcome would translate into multi-brand FDI or not. But the optimists among them argued that government was committed to reform and would introduce FDI soon.
Since December 5, when the government put on hold the move to allow 51 per cent FDI in multi-brand retail, 13 days after the Cabinet decision to open the sector, global and domestic retail chains have been looking for a solution in the state election results, mainly that of Uttar Pradesh.]]></description>
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            <title><![CDATA[APIIC-Emaar Properties case: CBI questions ex-CEO of Emaar MGF Srikanth Joshi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13413</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Mar 2012 05:51:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Former Emaar MGF CEO Srikanth Joshi, an accused in the APIIC-Emaar Properties case related to irregularities in the development of a township, on Monday appeared before the Central Bureau of Investigation (CBI) and was questioned for nearly five hours. Joshi is currently CEO of L&amp;T Realty. The special court dealing with the CBI cases on Feb 29 had directed Joshi to make himself available for the investigation agency for five days from March 5 to 9. The federal agency will question him between 9 a.m. to 5 p.m. every day.]]></description>
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            <title><![CDATA[Titan to expand eye-wear outlets to 250]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13412</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Mar 2012 05:50:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- Titan Industries today said it will expand its eye-wear outlets to 250 by September. The Tata Group firm is eyeing revenue of Rs 120 crore from the eye-wear brand in the current fiscal.]]></description>
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            <title><![CDATA[Punjab polls: As result day approaches, property market shows some movement]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13411</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Mar 2012 06:47:25 +0530</pubDate>
			<description><![CDATA[The Times of India- With result day of the assembly elections drawing near, the property market has started witnessing some movement and rates have started rising after a prolonged phase of sluggishness in the last two-three years. According to realtors, they have started receiving inquiries from the buyers, mainly investors about the properties while earlier there were very few inquiries and fewer actual deals.]]></description>
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            <title><![CDATA[‘Housing Regulatory Development Act to benefit builders, customers’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13410</link>
			<source>Indian Express</source>
			<pubDate>Mon, 05 Mar 2012 06:46:26 +0530</pubDate>
			<description><![CDATA[Indian Express- The proposed Maharashtra Housing Regulatory Development Act is a step in the right direction, one that will bring the members of the low-income group to the mainstream, said Gautam Chatterjee, Principal Secretary, Housing, Government of Maharashtra.]]></description>
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            <title><![CDATA[CREDAI pact with Bangalore Realtors Association]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13409</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Mar 2012 06:45:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a move to boost exchange of information and knowledge, the Karnataka body of the Confederation of Real Estate Developers Associations of India (CREDAI) has now joined hands with the Bangalore Realtors Association, India. By entering into this epoch, making bilateral cooperation agreement, both the trade bodies will be able to exchange vital information and knowledge among their members. The associations have said that the core aim of this agreement is to enhance the functional capabilities of both the organisations.]]></description>
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            <title><![CDATA[Briefly: Affordable housing in Gujarat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13408</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 05 Mar 2012 06:44:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Although the real estate sector, particularly in high-end and premium segments, isn&#039;t exactly booming, the demand in affordable housing has only increased. A number of housing projects offering apartments priced around Rs 10 lakh have elicited good response in Gujarat in recent months.]]></description>
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            <title><![CDATA[Realty prices increase during the December quarter: National Housing Bank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13407</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Mar 2012 06:41:48 +0530</pubDate>
			<description><![CDATA[Business Standard- Residex data shows that in the December quarter, Mumbai and Kolkata have seen a price correction of 0.5%— the least among the cities, while Surat has seen maximum appraisal of 9.4% Rather than a correction, realty prices seem to be rising in India. The National Housing Bank’s Residex, the residential housing price index which tracks 15 cities points in that direction.]]></description>
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            <title><![CDATA[Outsourcing space: India’s hopes rest on its R&amp;D hub status]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13406</link>
			<source>Financial Times</source>
			<pubDate>Mon, 05 Mar 2012 06:40:56 +0530</pubDate>
			<description><![CDATA[Financial Times- At this time each year, India’s IT services industry waits patiently for the release of the budgets of its western clients — banks, manufacturers and governments — that will determine their business over the coming year.
Lately, they have been anxiously watching the tentative recovery of the US economy, and hoping for the return of stability to Europe.]]></description>
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            <title><![CDATA[The truth vs hype of big retail -The kirana store rules India thanks to three major advantages it offers ? location, time of delivery and personalised credit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13405</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Mar 2012 06:40:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Foreign direct investment into the Indian retail sector is controversial, with political overtones. Few countries have witnessed such a ‘life and death’ debate. The protagonists exaggerate the benefits by a wide margin and the antagonists articulately verbalise imaginary ghosts.]]></description>
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            <title><![CDATA[Budget 2012: Double exemption limit for interest on housing loans, says N Hariharan, Cushman and Wakefield]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13404</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Mar 2012 06:39:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the GDP growth rate slowing to below expectation levels, India Inc is looking at the Finance Minister, Pranab Mukherjee to revive the reform process in the upcoming Union Budget on March 16. Home sales in most major markets might have improved in the last one quarter, but the country&#039;s top real estate firms have been unable to bring down their debt.]]></description>
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            <title><![CDATA[The buck stops here: Proof that deer and birds live on Delhi land will save it from development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13403</link>
			<source>Daily Mail</source>
			<pubDate>Mon, 05 Mar 2012 06:38:25 +0530</pubDate>
			<description><![CDATA[Daily Mail- The call to take ravenous land demons by the horns in the Bil Akbarpur wetland in Greater Noida&#039;s Dadri area received a convincing push from its permanent residents - endangered deer species and birds. Sighting of blackbucks, blue bulls, chinkara and the four-horned antelope could save the wetland from becoming a concrete jungle - a money-spinning conspiracy between callous forest officials and rapacious real estate developers.]]></description>
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            <title><![CDATA[Budget 2012: Strong measures will boost investment in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13402</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Mar 2012 06:36:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector contributes significantly to the Indian GDP; a buoyant sector results in cascading positive effects on the economy. The present economic environment has impacted the real estate sector in terms of higher interest costs both for home buyers as well as developers, reduced liquidity due to slower retail sales and high cost of funds.]]></description>
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            <title><![CDATA[HC upholds service taxation of construction activities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13401</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Mar 2012 06:35:30 +0530</pubDate>
			<description><![CDATA[Business Standard- In an important recent decision, the Mumbai High Court has dismissed several writ petitions which had challenged the constitutional validity of the amendments made to certain definitions in service tax law relating to construction activities, vide the Finance Act 2010. As a consequence, the service taxation of construction activities appears settled and this is also a precursor to the likely treatment of such activities under the impending GST.]]></description>
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            <title><![CDATA[Home prices in Mumbai may fall on launches, inventory , Fresh rules to trigger a number of project launches in the metro, say analysts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13400</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Mar 2012 06:34:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Home prices in Mumbai could fall by five to 15 per cent in the coming months due to inventory with developers, along with a change in the development control rules (DCR). The new rules are expected to result in a number of project launches in the city. Although the new DCR curbed concessions to developers and asked them to pay premium for additional development rights, there could be clearance awaiting a number of projects that got stuck for over a year due to lack of clarity in rules, according to analysts tracking the sector.]]></description>
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            <title><![CDATA[Realty sector seeks relaxation in FDI, ECB norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13399</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Mar 2012 06:33:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty sector, facing severe credit crunch due to higher interest rates that had forced the developers to scrap new launches, expects the Budget to relax the norms for repatriation of foreign direct investment (FDI) and external commercial borrowings (ECBs) for the sector.]]></description>
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            <title><![CDATA[UNITY IN DIVERSITY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13398</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:11:46 +0530</pubDate>
			<description><![CDATA[The Times of India- The concept of a conglomeration of developers working in one area has seen fruitful results and faster development, at least in the case of Raj Nagar Extension. Developers are trying every trick in the bag to make their projects successful. One of the trends undergoing a sea change is the way projects are being conceived and marketed. One such marketing innovation in the NCR real estate market is the coming together of developers to conceive a particular area.]]></description>
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            <title><![CDATA[ABADI SET TO BE REGULARIZED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13397</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:10:35 +0530</pubDate>
			<description><![CDATA[The Times of India- The abadi lands of the villages of Greater Noida are being regularized and farmers in the land acquisition row will receive enhanced compensation in line with the judgment of the Allahabad high court. The abadi lands of all the disputed villages are set to be regularized under Abadi Niyamawali (Abadi bylaws) of June 30, 2011.]]></description>
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            <title><![CDATA[RESIDENTIAL GROWTH IS SPEEDING UP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13396</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:09:40 +0530</pubDate>
			<description><![CDATA[The Times of India- The entire country witnessed tremendous growth in residential real estate sector in the last decade with the NCR cities leading the charge. The residential sector has been on a high growth path. In the last decade, the entire country witnessed tremendous growth in residential real estate sector. And, the growth has not been limited to Tier I cities; developments in residential sector have penetrated Tier II &amp; III cities, which is a good sign for an overall balanced growth.]]></description>
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            <title><![CDATA[HIGHWAY OF THE FUTURE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13395</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:08:33 +0530</pubDate>
			<description><![CDATA[The Times of India- When we talk about Ghaziabad, the first picture that comes to mind is the development - residential and commercial - taking place near NH-24. Be it Shipra Mall or Aditya Mall, all these came owing to the good connectivity of the place and the residential developments taking place all around. It will not be wrong to say that this highway acted as a facilitator for Ghaziabad’s real estate market. Places that were seen as &#039;not-so-chic&#039; for Delhiites in early 2000 turned out to be the most prized in the NCR. Another factor that is working to enhance the demand is the extension of the Metro line from Vaishali to Arthala.]]></description>
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            <title><![CDATA[A GOOD OPTION FOR HOMEBUYERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13394</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:07:33 +0530</pubDate>
			<description><![CDATA[The Times of India- Situated close to NH-24, trans-Hindon areas like Indirapuram, Vasundhara, Vaishali and Kaushambi, also known as New Ghaziabad, offer immense opportunity for homebuyers to grab a decent house. The area not only has adequate infrastructural facilities to meet the current demand, it has immense capacity to take on the urban pressures through a rapidly expanding population base in future, too. Thus, it is a good option for people who are looking for longterm investment here.]]></description>
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            <title><![CDATA[HOUSES FOR NRIS, PIOS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13393</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:05:55 +0530</pubDate>
			<description><![CDATA[The Times of India- The other day Tamanna, my schoolmate who migrated to Austria after her marriage, asked me if she is entitled to buy property in India. She wasn&#039;t too sure if she could buy property here, now that her husband had acquired an Austrian citizenship. When she heard that the answer is a big &#039;Yes&#039;, she was thrilled and is now immersed in online property research. The Foreign Exchange Management Act (Fema) rules welcome investment in property in India by NRIs (non-resident Indians), PIO (person of Indian origin), and in some cases, foreign nationals residing in India.]]></description>
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            <title><![CDATA[RATES UP IN NOIDA’S SECTORS 76 &amp; 78]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13392</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:04:57 +0530</pubDate>
			<description><![CDATA[The Times of India- Property rates are on the rise in Sectors 76 and 78 in Noida, due to its proximity to the Metro station and connectivity to the NCR through NH-24. A proposed Metro project and connectivity to other parts of the city are other factors propelling demand here. Quality infrastructure is attracting major investments in this part of Noida. The capital value for apartments in these sectors is about Rs 3,000 to 5,000 per sq ft. Sector 78 has seen a rise of 5% in capital values in the October to December period compared to the July to September period. Sector 76 has seen a steep rise of 19% in the capital value of apartments in the same period.]]></description>
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            <title><![CDATA[CHANGING SKYLINES OF CITIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13391</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 08:03:57 +0530</pubDate>
			<description><![CDATA[The Times of India- Have you noticed the skylines of Gurgaon, Noida and Ghaziabad in the NCR; of Goregaon and Powai in Mumbai or Nerul and Vashi in Navi Mumbai? SANJEEV SINHA gives a bird’s-eye view. Go to the suburbs of a metro city today and chances are you would be bowled over by the fast-paced developments there. The fact, however, is that while the development of suburbs and satellite towns is the prime duty of the governments and the municipal bodies concerned, it is the developer community instead which is largely seen spearheading the growth of these areas.]]></description>
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            <title><![CDATA[DLF faces D-Street ire on financial health concerns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13390</link>
			<source>Indian Express</source>
			<pubDate>Sat, 03 Mar 2012 08:02:47 +0530</pubDate>
			<description><![CDATA[Indian Express- Realty major DLF faced selling pressure on the bourses as concerns over the financial health of the company unnerved investors for the second day in a row. The company’s share price fell by another 5 per cent to Rs 203.85 on the BSE on Friday. On Thursday, the scrip had fallen 5.17 per cent after Canada-based research firm Veritas termed the company “an organisation under duress”. The report questioned DLF’s accounting standards, while stating that the firm had inflated its accounts and that the company’s stock was worth less than half its current price level.]]></description>
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            <title><![CDATA[There is no excuse for delay]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13389</link>
			<source>Indian Express</source>
			<pubDate>Sat, 03 Mar 2012 08:01:53 +0530</pubDate>
			<description><![CDATA[Indian Express- A well-known developer having a project in the Palam Vihar neighbourhood in Gurgaon was made to pay a hefty fine and 24 per cent interest to the buyer by the National Consumer Disputes Redressal Commission (NCDRC) for not giving timely possession.”Cases such as this are routine as almost 90 per cent projects in India are delayed and a significant rise in complains of delayed possessions has been recorded. The image of the real estate industry is being tarnished by a few but it is the buyer who suffers the most.]]></description>
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            <title><![CDATA[Budget 2012: Makaan survey finds buyers optimistic of positive outcome]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13388</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 03 Mar 2012 08:00:45 +0530</pubDate>
			<description><![CDATA[Moneycontrol- An overwhelming majority (53%) of home buyers expect the forthcoming budget to have a positive impact on the Indian real estate sector. Another 31% are more circumspect and do not expect any major positive announcement in budget; while the balance 16% are undecided. This represents a positive swing in the overall mood of the home buyers. In the same research conducted last year, only 41% of the homebuyers were optimistic of a positive Budget Outcome i.e., 12% more home buyers are optimistic this year as compared to last year and we hope that finance minister will oblige with some concrete announcements.]]></description>
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            <title><![CDATA[Yoo to design Mumbai luxury tower]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13387</link>
			<source>Zee News</source>
			<pubDate>Sat, 03 Mar 2012 07:59:46 +0530</pubDate>
			<description><![CDATA[Zee News- Real estate developer Lodha group has roped in UK-based Yoo Ltd to design, brand and market one of its two luxury towers coming up in Mumbai.
Yoo, a leading residential design and branding firm, said in a statement that it has been appointed for branding, design and marketing of a 63-storey tower.Lodha had purchased the 23-acre site in the upmarket Wadala area of Mumbai in 2010 for USD 850 million and is investing USD 2.03 billion over the next 5-7 years to develop the project.]]></description>
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            <title><![CDATA[2012 will be a year of growth: J C Sharma of Sobha Developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13386</link>
			<source>CNBC-TV18</source>
			<pubDate>Sat, 03 Mar 2012 07:58:49 +0530</pubDate>
			<description><![CDATA[CNBC-TV18- J C Sharma, MD, Sobha Developers believes that the forthcoming Budget will decide how the demand situation will pan out going forward. However, Sharma feels that the worst is behind for the real estate sector with the Reserve Bank of India giving clear indications that interest rates have reached the peak of the tightening cycle. An optimistic Sharma said that 2012 will be a year of growth where realty companies should post better numbers. &quot;Coming to 2012 demand scenario, we feel that we have again entered into that growth phase where with the decrease in the interest cost to the borrowers and with expectations of some positive surprises from the coming Budget, the demand can only pick up,&quot; he said.]]></description>
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            <title><![CDATA[India&#039;s HCC in talks to restructure loans –sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13385</link>
			<source>Reuters</source>
			<pubDate>Sat, 03 Mar 2012 07:57:33 +0530</pubDate>
			<description><![CDATA[Reuters- India&#039;s Hindustan Construction Company Ltd (HCC) is in talks with banks to restructure roughly $700 million in loans, several sources involved in the matter said on Friday. Loans held by related companies could bring the total of loans to be restructured to about $1.2 billion, two of the sources said. ICICI Bank, India&#039;s No.2 lender, is the leader of the consortium which includes Axis Bank and IDBI Bank , one of the sources said.]]></description>
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            <title><![CDATA[Despite rising sales, realty companies unable to bring down debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13384</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Mar 2012 07:56:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home sales in most major markets might have improved in the last one quarter, but the country&#039;s top real estate firms have been unable to bring down their debt. The net debt of India&#039;s top 11 listed real estate companies at the end of December 2011 rose 14% from a year ago to Rs 41,700 crore. A major portion of the increase came from Godrej Properties&#039; acquisition of a commercial project in Bandra-Kurla Complex in Mumbai.]]></description>
			</item><item>
            <title><![CDATA[Awarding the stars of realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13383</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Mar 2012 07:55:38 +0530</pubDate>
			<description><![CDATA[The Times of India- A Planman Group initiative, &quot; Star Realty 2011-12 - Lords Of The Land&quot;, which claims to be India&#039;s first-ever Real Estate Bible, was recently unveiled in the capital by the union minister of urban development, Kamal Nath and Arindam Chaudhuri, editor-in-chief, Planman Media.
The book conferred the title of &quot;Star Realty&quot; to the top 50 real estate brands in the country, which were selected based on a survey conducted across 10 cities in the country - including thousands of respondents by the Indian Council for Market Research (ICMR). The evening witnessed leading real estate companies and their extraordinary leadership being honoured for their great contribution to shaping the landscape of the country.]]></description>
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            <title><![CDATA[Equinox Realty seeks $200 mln from asset sale: sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13382</link>
			<source>Reuters</source>
			<pubDate>Sat, 03 Mar 2012 07:54:50 +0530</pubDate>
			<description><![CDATA[Reuters- Equinox Realty, an arm of oil-to-steel conglomerate Essar Group, plans to sell a minority stake in its biggest commercial asset in Mumbai to raise between 7.5 billion rupees and 10 billion rupees, sources close to the deal said. Equinox is in talks with several international and domestic investors, including an arm of Singapore&#039;s Government Investment Corp (GIC) GIC.UL and India&#039;s Infrastructure Development Finance Corp (IDFC.NS) to sell a stake in Equinox Business Park, sources said.]]></description>
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            <title><![CDATA[Direct Taxes Code Bill closer to House doors , Report to reach govt in a week several changes mooted in I-T regime]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13381</link>
			<source>Business Standard</source>
			<pubDate>Sat, 03 Mar 2012 07:53:44 +0530</pubDate>
			<description><![CDATA[Business Standard- A Parliamentary panel on Friday adopted its recommendations on the Direct Taxes Code (DTC) Bill, which suggests sweeping changes in the personal income tax regime. Parliamentary Standing Committee on Finance would give its report in a week to the finance ministry, which would then submit it to Parliament in the Budget session, those in the know told Business Standard.]]></description>
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            <title><![CDATA[ICAI note may delay revenue bookings of realty firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13380</link>
			<source>Business Standard</source>
			<pubDate>Sat, 03 Mar 2012 07:52:48 +0530</pubDate>
			<description><![CDATA[Business Standard- The latest guidance note brought out by the Institute of Chartered Accountants of India (ICAI) on accounting in real estate transactions may delay revenue bookings by realty companies and erode their profitability. According to the note, initial revenues from a project can be recognised only when all critical approvals are in place and 25 per cent of the project is sold. At least 10 per cent revenue realisation is yet another recommendation by ICAI. The note applies to revenue recognition in projects that will commence on or after April 1, 2012, and to those that have started but their revenue recognition will start on or after Arpil 1, 2012.]]></description>
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            <title><![CDATA[AP govt enacts legislation to amend Land Reforms Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13379</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 03 Mar 2012 07:51:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- Overruling various objections by Opposition parties and the demand that it be referred to a select committee of the House, the Andhra Pradesh government today enacted a legislation to further amend the Andhra Pradesh Land Reforms (Ceiling on Agricultural Holdings) Act, 1973. The amended legislation is aimed at &quot;improving the conditions of poor agriculturists and curbing the concentration of land in the hands of a few people by taking over the ceiling surplus land and distributing the same among the landless poor,&quot; the government claimed.]]></description>
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            <title><![CDATA[Treat housing as infrastructure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13378</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Mar 2012 06:29:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate industry in India has emerged as one of the most vibrant sectors in the country, providing jobs to millions. The sector plays an important role not only in providing shelter to people,but also in rapid urbanization, which is a key to speeding up economic growth in the country. But the sector, in the last couple of years, was not given its due in the Union Budget. Real estate developers associations have prepared a number of wish lists to achieve a higher growth in the sector.]]></description>
			</item><item>
            <title><![CDATA[Enter the Commercial Property Space, But After a Reality Check]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13377</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Mar 2012 06:28:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- High net worth individuals (HNIs) are betting big on commercial real estate these days. According to wealth managers, many rich individuals are either buying underconstruction properties with an intention to sell them later, or buying completed and pre-leased properties for regular rental income. If such stories are prompting you to take a look at the commercial real estate space, you should keep in mind that investing in a commercial property is very different from investing in a residential property. First, the sheer cost of the property permits only those with deep pockets to invest in such properties. Second, you have to study the infrastructure developments around the property apart from documents and price when it comes to investing in a residential property. On the other hand, you have to look at the demandsupply dynamics, study the location, the job market in the area and so on while investing in a commercial property.]]></description>
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            <title><![CDATA[Realty Cos Tee Off to Lure Buyers, Buy City Golf Teams ,Cos own eight of 10 city teams readying to play a national golf league, on the lines of the IPL, called the Louis Philippe Cup]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13376</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Mar 2012 06:28:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developers are now game for launching golf tournaments, a move aimed at deepening their association with the sport that they believe is getting increasingly popular among prospective buyers across the country. Firms including DLF, The 3C Company, Shubhkamna-Advert, Ansal API, Puravankara, Oxford group and Navratna Developers own eight of the ten city teams that are readying to play a national golf league, on the lines of the IPL, called the Louis Philippe Cup. “It will help us in marketing Gurgaon and DLF,” says Aakash Ohri, director of DLF Golf Resort. DLF owns the Gurgaon team. “Golf is a great catalyst for business worldwide.”]]></description>
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            <title><![CDATA[ECB access sans RBI nod for home finance firms sought]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13375</link>
			<source>The Hindu</source>
			<pubDate>Fri, 02 Mar 2012 06:26:18 +0530</pubDate>
			<description><![CDATA[The Hindu- Even as the ensuing Union Budget is awaited with more than cursory expectation this time around in the wake of deceleration in the economy, the home mortgage industry has asked the Union Finance Minister to consider allowing financial institutions (FIs) to raise funds through tax-free bonds for exclusively refinancing home loans at a low rate of interest.]]></description>
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            <title><![CDATA[Why is a DLF stock not worth more than Rs 100?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13374</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 02 Mar 2012 06:25:09 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The stock of realty major DLF tanked by 6.40 per cent on the BSE and by 5.17 per cent on the NSE on Thursday to close at Rs 214.65 and Rs 212 respectively. The benchmark indices closed the day in the red while the realty sectoral index fell by over three per cent on the bourses. The DLF stock has a 12 per cent weightage in BSE&#039;s realty sectoral index. Earlier in the day, a report released by Veritas Investment Research said “In a best case scenario, DLF is worth Rs 100 per share.”]]></description>
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            <title><![CDATA[At a glance: Economy &amp; realty in February 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13373</link>
			<source>Moneycontrol</source>
			<pubDate>Fri, 02 Mar 2012 06:23:58 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The impact of monetary policy&#039;s easing will be most positively felt on the cash strapped sector of real estate which has been suffering in terms of liquidity since the past few quarters. The financial performance of the real estate companies in the latest quarter is a testimony to the deteriorating condition of the sector. In order to analyze the performance in detail, we have considered the financial results of 22 listed real estate companies in India on a quarterly basis. These 22 companies can be considered as a fair representative of the overall real estate market of India since they not only cover the various sub-segments of real estate but also all the major cities of India.]]></description>
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            <title><![CDATA[Real estate update: What&#039;s happening at Manesar?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13372</link>
			<source>Daily Bhaskar</source>
			<pubDate>Fri, 02 Mar 2012 06:22:33 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- Manesar was envisaged as a model township encompassing residential real estate as well as commercial office and industrial establishments. Hence, it was appropriately christened as IMT (Integrated Manesar Township). This area was primarily expected to see development riding on the back of industries setting up shop there. With a plethora of operational industrial units, it would be appropriate to call it an integrated industrial park.]]></description>
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            <title><![CDATA[Rs 4,000 cr sought for housing in Karnataka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13371</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Mar 2012 06:21:16 +0530</pubDate>
			<description><![CDATA[Business Standard- An allocation of  Rs 4,000 crore has been sought in the 2012-13 budget for providing housing facilities in Karnataka. A survey has revealed nine lakh poor without a roof over their head in the State. In order to provide housing for these sections, the State government has sanctioned  construction of 6.4 lakh houses during 2011-12.]]></description>
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            <title><![CDATA[Veritas says DLF accounting, biz model suspect ,Report mischievous, a/cs in public domain, says company]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13370</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Mar 2012 06:19:53 +0530</pubDate>
			<description><![CDATA[Business Standard- Canadian research firm Veritas has slammed realty major DLF Ltd, calling its accounting practices “conflicting” and pointing at gaps in its business model — charges the company termed “mischievous and presumptive”. Earlier, Veritas Investment Research had come out with damaging reports on other Indian firms, including Reliance Industries, Reliance Communications and Kingfisher Airlines.]]></description>
			</item><item>
            <title><![CDATA[MCA orders of inspection of DLF books]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13369</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 02 Mar 2012 06:18:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Corporate Affairs Ministry has ordered inspection into the books of accounts of realty major DLF in view of complaints received from investors regarding company&#039;s accounts. &quot;We have ordered the Regional Director (North) to carry out inspection under Section 209 of the Companies Act. There were several complaints from investors alleging that there are anomalies in the company&#039;s books,&quot; a senior official said.]]></description>
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            <title><![CDATA[Look-out notice for Hyderabad realtor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13368</link>
			<source>The Times of India</source>
			<pubDate>Thu, 01 Mar 2012 06:32:54 +0530</pubDate>
			<description><![CDATA[The Times of India- Hyderabad police have booked criminal cases against well-known city realtor Gowri Shankar Gupta (GS Gupta) and nine of his associates for duping construction giant DLF of over Rs 280 crore. Gupta is now absconding and a look-out circular has been issued to immigration officials at international airports to prevent him from fleeing the country. Based on two separate complaints lodged by DLF Universal Limited&#039;s managers, the central crime station has booked cases under sections 406 (Criminal breach of trust), 420 (Cheating) and 120-B (Criminal conspiracy) of the Indian Penal Code (IPC) against GS Gupta and his associates, including his wife Sarita Gupta, brother Gopal Gupta, Komal Agarwal, directors of SBPL Infrastructure Private Limited, Anita Agarwal, Radhey Shyam Gupta, Manoj Kumar Sharma, Amit Agarwal, Megha Gupta and Mangari Gupta, for duping DLF of over Rs 280 crore through their front companies.]]></description>
			</item><item>
            <title><![CDATA[Builders seek changes in proposed bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13367</link>
			<source>The Times of India</source>
			<pubDate>Thu, 01 Mar 2012 06:31:26 +0530</pubDate>
			<description><![CDATA[The Times of India- The Real Estate (Regulation and Development) Bill, set to get Parliament&#039;s assent soon, has been dubbed by builders as a unidirectional legislation aimed at strangulating the developer community. The bill, in its present form, aims at safeguarding the interests of consumers and taxing developers, said Confederation of Real Estate Developers&#039; Association of India secretary T Chitty Babu, at a seminar organized by the Builders&#039; Association of India ( BAI) here on Tuesday.]]></description>
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            <title><![CDATA[PEs on a fund raising spree for realty ventures]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13366</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:30:37 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Private equity funds flowing into the real estate market in India appears to be on a rebound going by number of real estate funds being launched to provide equity support for real estate projects. ArthVeda Fund Management, which launched its second realty fund ArthVeda Star in December is already looking at attaining first closure next month.]]></description>
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            <title><![CDATA[Infosys Bengal SEZ project remains in a limbo]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13365</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:29:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The imbroglio over the Infosys project at Rajarhat in the northern fringes of Kolkata seems far from over. Although officially both Infosys and government claims they are moving towards solution, government officials said the IT firm on Wednesday ruled out the alternative offer made to them to move to an existing SEZ. Infosys is said to have made clear that they would only set up the project on the 50 acre land allotted to them at Rajarhat and also with a SEZ status. Senior VP, commercial and corporate relations of Infosys, Binod Hampapur met West Bengal IT minister Partha Chatterjee to resolve the issue.]]></description>
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            <title><![CDATA[Ashiana Homes’ new project in Bhubaneswar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13364</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:29:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Delhi-headquartered Ashiana Homes is coming up with a large housing complex at Patia (near Infocity 1), few km from Bhubaneswar. The two decade-old Ashiana Homes, which has projects and operations in Delhi-NCR, Jaipur, Mumbai and now in Bhubaneswar, has, in fact, teamed up with SJ Developers of Bhubaneswar for this project. The project, Royal Lagoon is coming up on close to 11 acre of land and with a total capital outlay of over Rs 200 crore. “SJ Developers is the owner of the land, which they are converting into equity and the two groups have decided to jointly develop and market the project,” said Rohit Raj Modi, director of Ashiana Homes.]]></description>
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            <title><![CDATA[S&amp;S Foundations unveils Solitaire near Porur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13363</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:28:28 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- S&amp;S Foundations, which was basically a plot-development company that ventured into residential apartment developm&shy;ent about a decade ago, has now launched Solitaire, a high-rise residential project on the Mount Poonamallee Road. The eleven-floor project happens to be the first high-rise development on this stretch, between the Kath&shy;ipara Junction and Porur, a western suburb of the city, and the project is coming up close to hospitals and the DLF IT SEZ.]]></description>
			</item><item>
            <title><![CDATA[Godrej Properties launches Palm Grove]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13362</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:27:52 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Godrej Properties, the real estate development arm of the Godrej Group, has launched its first residential project, Godrej Palm Grove, in Chennai. Spread across 12.5 acre, this premium residential project is coming up beyond Poonamallee, a suburb on the western outskirts of the city and on the Chennai —Bangalore National Highway. The project, that will see the construction of 16- and 19-storey towers, will offer a total of 1,556 modern apartments. Homebuyers can choose from a range of two BHK and three BHK apartments that come in sizes ranging between 1,188 sq ft and 1,489 sq ft. While the two BHK residential units have been priced at Rs 3,300 per sq ft, the three BHK units are priced at Rs 3,400 per sq ft.]]></description>
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            <title><![CDATA[For old times’ sake , Retirement homes are fast becoming a popular real estate segment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13361</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Mar 2012 06:27:10 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- They promise to make your silver years memorable. Special care and amenities for those who are leading a retired life. They also do their bit to alleviate the pain of staying away from the loved ones through a plethora of activities ranging from spiritual discourses to paintings to cookery and more. Welcome to special care homes for seniors. Such homes are mushrooming across the country, especially in cities having a high population of senior citizens whose children are working abroad or residing in other cities. With demand picking up, it has turned out to be the new target segment for realtors. Each house is designed keeping in mind the elderly and their needs.]]></description>
			</item><item>
            <title><![CDATA[Harvard B-school has a new address in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13360</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Mar 2012 06:26:29 +0530</pubDate>
			<description><![CDATA[Business Standard- US-headquartered Harvard Business School (HBS) has finally found an address for its executive education classroom in India. The B-school, beginning this March, will offer executive programmes at the Taj Lands End, at Bandra, in suburban Mumbai. The space at the hotel will be an amphitheatre-style classroom fashioned after the ones at Harvard Business School in Boston.]]></description>
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            <title><![CDATA[NBCC IPO in March, says chief]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13359</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Mar 2012 06:25:24 +0530</pubDate>
			<description><![CDATA[Business Standard- State-owned National Buildings Construction Corporation (NBCC) plans to come out with an initial public offer (IPO) by March-end this year, Chairman and Managing Director Vishnu P Das said on Wednesday. This will follow five per cent stake sale of ONGC through an auction, which is slated to open tomorrow. The government is planning to offload 10 per cent of its stake through the issue.]]></description>
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            <title><![CDATA[Land Acquisition Bill to get delayed further]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13358</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Mar 2012 06:24:45 +0530</pubDate>
			<description><![CDATA[Business Standard- The union government, it seems, will have to wait a little longer for the crucial Land Acquisition and Rehabilitation and Resettlement Bill which was expected to be tabled in Parliament during the upcoming Budget Session. The standing committee on rural development, which is examining the proposed legislation, is set to inform the Centre that it would miss the March 12 deadline. Also, it would need some more time to complete the deliberations and finalise the report.]]></description>
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            <title><![CDATA[Arvind eyes Rs 5,000 cr from realty projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13357</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Mar 2012 06:24:05 +0530</pubDate>
			<description><![CDATA[Business Standard- Arvind Ltd, the textile major is looking to liquidate about 1.5 million square meters of its huge tracts of land in Gujarat and Karnataka with the projected revenues of Rs 5000 crore over the next two years&#039; time.
Arvind Group, through its real estate arm, Arvind Real Estate, is planning to develop the land for residential projects at different locations in Gujarat and Karnataka.]]></description>
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            <title><![CDATA[HDFC launches online property search portal in Kolkata]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13356</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Mar 2012 06:23:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing finance major HDFC has expanded its services to potential customers with online property portal HDFC Red. &quot;It is a free service to people to help them in property search. Earlier it was done by sales team, but with the growing demand we&#039;ll now offer in more structured manner,&quot; HDFC Developers CEO Sohel I S said today. At present, HDFC Red has primary property listing with more than 9,000 types across 2,200 projects in 13 cities of the country.]]></description>
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            <title><![CDATA[Tata Housing launches low-cost housing scheme in Gujarat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13355</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Mar 2012 06:22:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- Tata Housing in collaboration with the city-based Arvind Real Estate today announced the first phase of the low-cost integrated township scheme under &#039;Shub Griha&#039;. For the project which is aimed at providing budget houses to low and middle-income groups, a special purpose vehicle (SPV), Arvind and Smart Value Homes LLP, has been created to develop the township which will be spread across 135 acres at Vadsar-Kalol Road, about 20 kms from here.]]></description>
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            <title><![CDATA[Metro leases land for residential complex, DU raises objections]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13354</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Mar 2012 06:21:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi University has objected to a residential complex slated to come up near the Vishwavidyalaya Metro station. The university has said the proposed 36-storey building will obstruct student movement at the “already choked” entry point of North Campus. The high-rise is planned on a two-hectare plot overlooking Chhatra Marg. The land was auctioned by the Delhi Metro Rail Corporation (DMRC) in 2008 for property development. This is the first time that Metro has leased land for a residential project.]]></description>
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            <title><![CDATA[57% vote in GB Nagar, just 50% in Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13353</link>
			<source>The Times of India</source>
			<pubDate>Thu, 01 Mar 2012 06:21:17 +0530</pubDate>
			<description><![CDATA[The Times of India- Gautam Budh Nagar district maintained the trend of high turnouts in the UP assembly polls, with 57% of eligible voters casting their ballots on Tuesday, up sharply from 44% in 2007. The three assembly seats in the district are Dadri, Jewar and Noida, respectively.While Dadri saw a turnout of 61% on Tuesday (against barely 42% in 2007), Jewar recorded 62% (49% in 2007). Noida, making its debut as an assembly seat after being carved out of Dadri, recorded 50% voter turnout.]]></description>
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            <title><![CDATA[HDIL&#039;s cheque bounces thrice, loses Aurangabad land deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13352</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Mar 2012 06:20:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- HDIL had entered into an agreement with Aurangabad-based Shreehari Associates to acquire two land parcels totalling nearly 11 acres at Chikhalthana industrial area in Aurangabad. HDIL had then paid 50% of this deal value to the land owner. Pursuant to this agreement, both parties entered into a final agreement in October 2011. However, cheques provided by the Mumbai-based developer could not be realised and the deal has now been terminated.]]></description>
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            <title><![CDATA[Budget 2012: Real estate bets big on revival of fortunes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13351</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 29 Feb 2012 06:41:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- Having been hit the hardest by the economic downturn, realty majors are betting big on the Budget 2012 in a bid to revive the sector&#039;s fortunes. Experts say the sector needs government support as well as further stimulus to get out of the current slump. As a first step, experts seek industry status for real estate, since the sector is a major driver for economic growth and generates countless jobs across its various verticals and associated industries. It will also help the sector raise debt from FIs at a much lower rate.]]></description>
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            <title><![CDATA[Budget 2012: What will impact auto, banking and real estate?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13350</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 29 Feb 2012 06:40:38 +0530</pubDate>
			<description><![CDATA[Moneycontrol- It seems to be a complicated Budget for Mr Pranab Mukharjee. The growth rate is declining, inflation has touched its peak, interest rates are constant at higher levels and fiscal deficit expected to be very high and to add glitter to the gloom expectations are very high in terms of personal tax structure.]]></description>
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            <title><![CDATA[Bangalore gets a big bite of realty pie, absorbs 3rd of India&#039;s commercial space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13349</link>
			<source>Business Standard</source>
			<pubDate>Wed, 29 Feb 2012 06:39:28 +0530</pubDate>
			<description><![CDATA[Business Standard- Powered by strong demand from IT and related sectors, Bangalore is seeing a record absorption in commercial and residential segments amid a sharp fall in demand seen in key property markets such as Mumbai and the national capital region (NCR). The Karnataka capital, classically called the City of Gardens and of late touted as an IT hub, has consumed a third of country’s total absorption of commercial space at 11.7 million sq ft in 2011. This is 15 per cent higher than the space absorbed by the city in 2010, says a report released by Kotak Institutional Equities on Tuesday.]]></description>
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            <title><![CDATA[Budget 2012: NRIs look for transparency in real estate deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13348</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 28 Feb 2012 06:29:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- The recent depreciation in the rupee provided a great opportunity for Non Resident Indians (NRIs) who were looking at remitting funds to India for investment. Having sent in their greenbacks, the next obvious thing to do was to invest the funds smartly. For a long time, real estate has been a favorite among the diaspora. Experts say that NRIs have always been interested in investing in India as they are familiar with the location, and realty has traditionally yielded good returns in the short to medium term.]]></description>
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            <title><![CDATA[Budget 2012: Real estate needs a regulator to ensure fair play, says Prashant Solomon, Chintels India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13347</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 28 Feb 2012 06:29:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- From years the real estate sector has been facing problems like slowing economy, delay in decision making process, and hike in interest rates. Prashant Solomon, Joint Managing Director, Chintels India feels that this year&#039;s budget will have policies to reform the sector. The real estate is looking forward to some of the major reforms during this year. According to him, the real estate sector is hoping to get an industry status as it is a major driver for economic growth and generates countless jobs across its various verticals. As the second largest employer in the country contributing 5% to India&#039;s GDP, realty deserves a preferred treatment to give a further boost to the economy, he said.]]></description>
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            <title><![CDATA[The Basics Of Real-Time Real Estate Marketing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13346</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 28 Feb 2012 06:28:16 +0530</pubDate>
			<description><![CDATA[Moneycontrol- In the environment of cut-throat competition which exists in the Indian real estate market today, developers without a forward-looking marketing plan for their projects often lose out. Wherever one looks in the larger cities, commercial and residential property projects with dozens of unsold and un-leased units are evident. One tends to assume that this state of affairs comes from a lopsided demand-supply scenario. While this is largely true, some of it can be attributed to skewed marketing, as well.]]></description>
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            <title><![CDATA[Telecom exits may help DB, Unitech shore up realty biz , Both will now be able to focus on their real estate businesses, say analysts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13345</link>
			<source>Business Standard</source>
			<pubDate>Tue, 28 Feb 2012 06:27:10 +0530</pubDate>
			<description><![CDATA[Business Standard- UAE-based Etisalat exiting the Indian telecom market and Norwegian telco Telenor looking for a new partner may be good news for the real estate businesses of DB Realty and Unitech. Etisalat has been in a joint venture with the DB Group, and Telenor with Unitech, for their respective telecom businesses. Analysts believe that the management and promoters of both Unitech and DB Realty will now be able to concentrate full-time on their real estate businesses, which was suffering for long due to 2G spectrum allocation controversy. These companies recorded steep fall in net profits, piled up debt in the books and experienced delays in execution of projects till the third quarter of 2011-12. DB Realty registered a drop of 89 per cent and Unitech 50.4 per cent in net profit.]]></description>
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            <title><![CDATA[Mahindra Lifespace launches residential project in Nagpur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13344</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 28 Feb 2012 06:26:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mahindra Lifespace Developers, a real estate and infrastructure company of the Mahindra group today launched a premium residential project called &#039;Bloomdale&#039; at Mihan near here, the company said today. Managing Director and CEO of the company Anita Arjundas said Bloomdale, a joint venture of Mahindra and B E Billimoria &amp; Company, would be developed over 25.25 acres of land located in the residential zone of Mihan project and would offer one, two and three BHK and Row Houses apart from Duplex Homes.]]></description>
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            <title><![CDATA[Pocket-size homes for all]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13343</link>
			<source>The Times of India</source>
			<pubDate>Mon, 27 Feb 2012 06:30:19 +0530</pubDate>
			<description><![CDATA[The Times of India- Those struggling with means to own a house in Bhubaneswar can rejoice at the state government&#039;s plan to reserve 10% of all new housing projects for economically weaker sections ( EWS) and lower income groups (LIG). In this regard, the government has also proposed to create a new &#039;shelter fund&#039; for undertaking affordable housing projects in the state capital.]]></description>
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            <title><![CDATA[45% of residential projects launched before 2008 in NCR, Mumbai and Bangalore are delayed: PropEquity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13342</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 27 Feb 2012 06:28:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Residential projects in the top three real estate markets in India are facing massive execution delays. Around 45% of all projects that were launched pre 2008 in these three markets are still under construction, says a report by real estate research firm PropEquity. Among the three, the national capital region (NCR) has the worst record, with just 23% of the projects completed by January 2012. Around 61% of the projects in the Mumbai metropolitan region (MMR) were completed in this period while Bangalore metropolitan region&#039;s (BMR) performance was better at 66%.]]></description>
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            <title><![CDATA[DLF&#039;s scheme for government staff]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13341</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 27 Feb 2012 06:28:07 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- DLF has announced a special concession scheme for government and defence staff purchasing residential units in its projects, according to a press release from the developer. The discounts range from 3 to 5 per cent on residential developments in Jalandhar, Panchkula, New Chandigarh, Bangalore, Chennai, Shimla and Kochi. DLF is creating nine premium residential developments across these seven cities.]]></description>
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            <title><![CDATA[Pune residential market 2011: 80% sold]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13340</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 27 Feb 2012 06:27:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- A realty report released by Pune-based Gera Developers, which surveyed 1685 projects across the city, indicates that till end of December 2011, there were 178,775 apartments at various stages of construction, of which around 20 per cent (36,124) were unsold. The comparable percentage in June 2011 was 22 per cent.]]></description>
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            <title><![CDATA[Everstone Cap to invest $200 mn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13339</link>
			<source>Business Standard</source>
			<pubDate>Mon, 27 Feb 2012 06:26:39 +0530</pubDate>
			<description><![CDATA[Business Standard- Everstone Capital expects to invest as much as $200 million by the end of the year. But Dhanpal Jhaveri, partner and CEO of the firm that manages over $1.7 billion worth capital, is not in a hurry. “We are under no compulsion to invest,” he says. “But we expect to make a few investments this year.”]]></description>
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            <title><![CDATA[We don&#039;t have specific asset on block: N Sridhar , Interview with Group director (business strategy &amp; finance), DB Realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13338</link>
			<source>Business Standard</source>
			<pubDate>Mon, 27 Feb 2012 06:25:56 +0530</pubDate>
			<description><![CDATA[Business Standard- Mumbai-based DB Realty faced several headwinds after its promoters were sent to jail in connection with their alleged role in the 2G telecom spectrum allocation case. N sridhar, group director (business strategy &amp; finance) played a key role in managing the property and hospitality business of the company in the absence of the promoters. Raghavendra Kamath spoke to him about the state of DB Realty projects and the way ahead for the company, within days of Etisalat DB (the telecom joint venture of the group with UAE’s Etisalat) announcing closure.]]></description>
			</item><item>
            <title><![CDATA[Realty players want industry status]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13337</link>
			<source>Business Standard</source>
			<pubDate>Mon, 27 Feb 2012 06:24:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Property consultants and real estate developers have demanded industry status to the realty sector in the forthcoming Budget. They have also sought incentives to promote affordable housing segment and an increase in the tax exemption on home loans.]]></description>
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            <title><![CDATA[RBI for only ‘pure’ FDI in realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13336</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 27 Feb 2012 06:24:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reserve Bank of India (RBI), which has taken a firm stand against allowing external commercial borrowings (ECBs) in the real estate sector, now wants to clamp down on overseas investments in the sector through instruments that carry a fixed or variable internal rate of return. The central bank seems to be clear on allowing only pure foreign direct investment (FDI) in real estate where not firms but only specified projects can accept these foreign funds.]]></description>
			</item><item>
            <title><![CDATA[&#039;Inclusion of realty in GST can cut prices 20%&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13335</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 27 Feb 2012 06:23:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Inclusion of the real estate sector in the proposed goods and services tax (GST) regime -- which seeks to make the whole country a single market -- will bring down property prices by a whopping 20 percent, according to 13th Finance Commission chairman Vijay Kelkar.]]></description>
			</item><item>
            <title><![CDATA[Small steps to stimulate the housing sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13334</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 27 Feb 2012 06:22:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing, which is one of the three basic human needs is currently in short supply, giving rise to slums and squatter settlements in cities and towns. The urban shortfall is estimated at around 28 million housing units, which is likely to increase given that urbanisation expected to double by the middle of this century. This calls for some drastic changes in government policies to attract investment in the housing sector and accelerate supply. Fiscal incentives provided to the sector, in the past, has impacted supply as also demand, but there is lot more that still needs to be done.]]></description>
			</item><item>
            <title><![CDATA[Rent to pay EMI strategy: Pros and cons]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13333</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 27 Feb 2012 06:21:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- For people looking at investing in real estate, there are two options available. A house is an investment when you look at making money from it, either in the form of rentals or by re-selling it at a higher price. That is why in personal finance, the self-occupied property is never counted as an investment asset.
Two options
Let us look at the options available:
•You can book a flat when the project is launched and sell it when the project is completed.
•You can buy a ready-to-move in property and start getting rentals right away. These rentals can partially fund EMIs.]]></description>
			</item><item>
            <title><![CDATA[Citi’s 9.8% HDFC stake picked up by 80 investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13332</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:37:26 +0530</pubDate>
			<description><![CDATA[The Times of India- Vontobel, UBS, Templeton, Oppenheimer, Waddel &amp; Reed &amp; ICICI Prudential Life Insurance are among those who have bought Citi’s 9.8% stake in HDFC. Citigroup on Friday announced it has sold its entire holding of 9.85% stake in HDFC for Rs 657.56 per share – which is a discount of 6% to Thursday’s closing price. Total proceeds from the transaction are expected to be $1.9 billion at the current exchange rate, resulting in a pre-tax gain to Citigroup of $1.1 billion (Rs 5,490 crore), and an after-tax gain of approximately $722 million (Rs 3,550 crore). In all over 80 investors have participated. The largest bidders have bought around 1% and there is no investor with a sizeable chunk of equity.]]></description>
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            <title><![CDATA[REALTY HUB OR DELHI’S POOR COUSIN? Home to both highrises &amp; shanties along the Hindon, Ghaziabad is a city of contradictions. But has infrastructure kept pace with development? TOI finds out]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13331</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:35:36 +0530</pubDate>
			<description><![CDATA[The Times of India- Not far from the muddy black waters of Hindon river, the Hapur road divides an upcoming colony of luxury high-rises from a village starved of amenities where buffaloes roam freely along the alleyways. A short walk down the road leads to the sprawling grounds of Mohan Meakin Industrial Estate, one among thousands of industries that have made Ghaziabad amongst the highest revenue-grossers for Uttar Pradesh.]]></description>
			</item><item>
            <title><![CDATA[ASSURED RETURN SCHEMES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13330</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:34:34 +0530</pubDate>
			<description><![CDATA[The Times of India- Assured return schemes have long been popular with investors. The term itself means that the investors know beforehand the amount they stand to earn from their investments. In order to woo customers to a project, developers roll out many financial schemes and sops. Assured return scheme (ARS) is one such plan that attracts buyers faster than any other.]]></description>
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            <title><![CDATA[REAL ESTATE DEVELOPERS IN TIER II &amp; III CITIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13329</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:33:34 +0530</pubDate>
			<description><![CDATA[The Times of India- Developers are moving to Tier II &amp; III cities like Bhubaneswar, Chandigarh, Lucknow, Gwalior, Jaipur, Nagpur, Meerut, among others, which is expected to augment demand for residential real estate in these places.     The reason is not far to see as demand in these cities is increasing by the day. Developers like Ansal API, Ansal Housing, Assotech, Omaxe, Amrapali, Antriksh, Unimexx Builders, Supertech, Earth Infrastructure, etc, which have made a major contribution to the realty scene in Delhi and the NCR, are now heading here.]]></description>
			</item><item>
            <title><![CDATA[LUXURY HOUSING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13328</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:32:21 +0530</pubDate>
			<description><![CDATA[The Times of India- India has the fastest growing number of high net worth individuals in the world and real estate comprises approximately 40% of their investment portfolio. Consequently, luxury housing is staging a comeback in the realty market. Spurred by new product offerings, greater influx of end-user demand and an increasing upwardly-mobile segment, luxury and ultraluxury housing projects, with prices ranging between Rs 1 crore and Rs 15 crore, again seem to be making a comeback.]]></description>
			</item><item>
            <title><![CDATA[CELEBRITY BUZZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13327</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:31:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Are you smitten by the charms of celebrities and are you inclined to buy a product if these icons were their brand ambassadors? There are some developers who present a counterpoint that a builder&#039;s worth comes from word-of-mouth publicity.     Mahindra Singh Dhoni, Bipasha Basu, Yuvraj Singh, Kangna Ranaut are some of the famous names associated with real estate companies and projects. From selling beauty products to selling dream homes, the idea of using celebrities as brand ambassadors for a project is gaining ground.]]></description>
			</item><item>
            <title><![CDATA[JUST A GIMMICK?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13326</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:29:11 +0530</pubDate>
			<description><![CDATA[The Times of India- Opinion is evenly divided on the use of brand ambassadors to promote the projects of realty firms. After a number of cricketers endorsed real estate projects in Noida and Greater Noida, it is time for Gurgaon to get its share of celebrities. Real estate developer, Krrish Group, which is relatively new in the sector, has recently launched its first project - Provence Estate - with Bipasha Basu endorsing it. These apartments are of an average area of 5,800 sq ft, while a few penthouses are of 10,000 sq ft.]]></description>
			</item><item>
            <title><![CDATA[REAL ESTATE ROPES IN BRAND AMBASSADORS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13325</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:27:50 +0530</pubDate>
			<description><![CDATA[The Times of India- For branding and marketing real estate projects, developers and builders are now spending big on brand ambassadors. This is one way to attract the attention of as many buyers as possible. Brand ambassadors are the new-found marketing mix for real estate sector. Last year had many celebrities from Bollywood, sports and glamour world enter the realty sector as brand ambassadors of prominent developers. The brand name, no doubt, matters; but the developers are now associating celebrities (some of whom have national and international presence) with advertisement campaigns. The concept was at a nascent stage in the NCR, but once it was tried, it took the sector by storm. Popular cine stars like Twinkle Khanna, Kangna Ranaut, Rajeev Khandelwal, Prachi Desai, Sushmita Sen; cricketers like Mahendra Singh Dhoni, Yuvraj Singh, Virender Sehwag, Suresh Raina, Praveen Kumar, to name a few, are the faces of different realty firms today.]]></description>
			</item><item>
            <title><![CDATA[TREAT HOUSING AS INFRASTRUCTURE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13324</link>
			<source>The Times of India</source>
			<pubDate>Sat, 25 Feb 2012 07:26:43 +0530</pubDate>
			<description><![CDATA[The Times of India- NAREDCO has made a number of recommendations — with a view to accelerate housing development — to the finance and the urban development ministries for inclusion in the forthcoming Budget. The real estate industry in India has emerged as one of the most vibrant sectors in the country, providing jobs to millions. The sector plays an important role not only in providing shelter to people, but also in rapid urbanization, which is a key to speeding up economic growth in the country.]]></description>
			</item><item>
            <title><![CDATA[3-day SBI, CREDAI realty expo]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13323</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 25 Feb 2012 07:25:35 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- State Bank of India, in association with real estate body CREDAI, inaugurated a three-day CREDAI SBI Realty Expo in Bangalore. The expo will bring under one roof 38 city-based developers showcasing about 25,000 properties.]]></description>
			</item><item>
            <title><![CDATA[Indian BPOs are going rural to stay competitive]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13322</link>
			<source>The Hindu</source>
			<pubDate>Sat, 25 Feb 2012 07:24:48 +0530</pubDate>
			<description><![CDATA[The Hindu- Business Process Outsourcing (BPO) companies are now going away from the main metro cities to the hinterlands in search of talent as well as to economise the cost of their operations.]]></description>
			</item><item>
            <title><![CDATA[77% housing projects in NCR delayed: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13321</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 25 Feb 2012 07:23:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- One-third of the housing projects in Mumbai and Bangalore and over two-third in National Capital Region will be unable to complete work on time mainly due to a severe fund squeeze, according to a survey released on Friday. In all, nearly 45% of the 1,920 projects launched in the three metros suffered due to scarcity of skilled workers and the slothful attitude of the developers, a report by real estate research PropEquity revealed. The study covered projects which were launched between January 2007 and June 2009 and were expected to be delivered by January 2012.]]></description>
			</item><item>
            <title><![CDATA[Indiareit to raise $500 mn offshore development fund: CEO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13320</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 25 Feb 2012 07:22:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Indian real estate fund Indiareit Fund Advisors, a unit of drugmaker Piramal Healthcare , is planning to raise $500 million via an offshore fund to invest in Indian development projects, the company&#039;s top executive said on Friday. The fund, to be launched after June, will look at raising money from investors in America, Europe and Asia who are showing renewed interest to invest in India, managing director and chief executive officer Ramesh Jogani said in an interview.]]></description>
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            <title><![CDATA[Office space demand may soften ,Analysts predict 5-10% drop in leasing activity in the next one to two years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13319</link>
			<source>Business Standard</source>
			<pubDate>Sat, 25 Feb 2012 07:21:48 +0530</pubDate>
			<description><![CDATA[Business Standard- In the aftermath of the Supreme Court canceling 122 licences of telecom operators and some firms announcing exit plans, the real estate office space may experience a fall in demand. Aniruddh Wahal, director, Occupier Services, (west) India, DTZ, told Business Standard the leasing activity could drop in the next 12-24 months, as the large remaining companies would take time to shore up businesses.]]></description>
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            <title><![CDATA[CBI names Emaar-MGF in Village flats probe]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13318</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 25 Feb 2012 07:20:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- A preliminary enquiry by the Central Bureau of Investigation (CBI) into alleged lapses during award of contracts for construction of the Commonwealth Games Village has named developer Emaar-MGF. The agency said they have not named any government official in the enquiry, but the probe will help them establish the roles of DDA officials who are under the scanner.]]></description>
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            <title><![CDATA[Ponty’s kin had raid tip 3 days in advance , Sugar Mill Managers Said They Were Prepared]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13317</link>
			<source>The Times of India</source>
			<pubDate>Fri, 24 Feb 2012 06:40:17 +0530</pubDate>
			<description><![CDATA[The Times of India- The income tax officials who arrived at a sugar mill belonging to a relative of UP’s liquor baron Gurdeep ‘Ponty’ Chadha to carry out a surprise search and seizure operation as part of their larger exercise against the resourceful businessman were in for a big surprise themselves.]]></description>
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            <title><![CDATA[Approve Games Village flats fast: HC to DDA ,Order Applies To 30 Towers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13316</link>
			<source>The Times of India</source>
			<pubDate>Fri, 24 Feb 2012 06:39:27 +0530</pubDate>
			<description><![CDATA[The Times of India- Paving the way for possession of flats by Commonwealth Games village owners, the Delhi high court on Thursday asked the DDA to expedite the process of issuing completion certificates to the flats. HC also made it clear that the compounding charges have to be calculated on the basis of Master Plan 2021 and building byelaws. Also no contractual demand should come in the way of issuing the certificate, the court added.]]></description>
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            <title><![CDATA[Citigroup to Exit India’s Housing Development With $2.1 Billion Stake Sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13315</link>
			<source>Bloomberg</source>
			<pubDate>Fri, 24 Feb 2012 06:38:07 +0530</pubDate>
			<description><![CDATA[Bloomberg- Citigroup Inc. (C) will sell its remaining stake in Housing Development Finance Corp., India’s largest mortgage lender, for as much as 102 billion rupees ($2.1 billion), a term sheet obtained by Bloomberg News showed. The bank is offering 145.3 million shares at between 630 rupees and 703.55 rupees apiece, as much as 10.45 percent on its closing price in Mumbai yesterday, the document showed. The stake represents the lender’s 9.9 percent holding in HDFC.]]></description>
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            <title><![CDATA[Prices to stay high as realty demands rise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13314</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 24 Feb 2012 06:37:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home prices are unlikely to fall this year as sales have picked up across most metros in the past few months, according to bankers and realtors. Property sales across major cities, such as Bangalore, Chennai, Gurgaon and Noida, rose on increased buyer interest, Bank of America Merrill Lynch said in its report for the fourth quarter of 2011. While sales in Gurgaon averaged 5,200 units over the last eight quarters against an average of 6,100 units on offer in the same period, Noida]]></description>
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            <title><![CDATA[Adani to wean out of real estate business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13313</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 24 Feb 2012 06:36:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Adani Group, a global integrated infrastructure player, armed with the new brand identity and as part of an image makeover, plans to wean out non-core businesses like real estate to focus on core businesses – resources, logistics and energy.]]></description>
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            <title><![CDATA[Sahara India boss Subrata Roy buys hotels, forays into real estate &amp; retail despite pressure from regulators]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13312</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 24 Feb 2012 06:35:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- The enigma called Sahara never ceases to baffle. At a time some of his friends are battling to slash costs and keep bankers at bay, Subrata Roy, supremo of the Lucknow-based group, is talking of overseas acquisitions, participating in panel discussions to air his views on ways to save the struggling aviation industry and assuring whoever he chooses to meet that Sahara will have no problem even if the Supreme Court eventually tells it to repay thousands of crores to depositors.]]></description>
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            <title><![CDATA[DB Realty sees no financial impact from Etisalat exit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13311</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 24 Feb 2012 06:34:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developer DB Realty on Thursday said it has no stake in Etisalat DB and its promoters invested in the telecom company in individual capacities. It further said that DB Realty will have not have any financial impact due to the exit of UAE-based Etisalat from India operations.]]></description>
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            <title><![CDATA[2 townships to come up in Maharashtra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13310</link>
			<source>Business Standard</source>
			<pubDate>Fri, 24 Feb 2012 06:33:45 +0530</pubDate>
			<description><![CDATA[Business Standard- In a boost to the sagging infrastructure scene in the state, the commerce and industry ministry and the Maharashtra government on Thursday announced construction of two integrated industrial townships at a cost of Rs 8,700 crore over the next seven years.
The twin townships at Dighi in Raigad district and at Shendra Bidkin in Aurangabad will come up as the National Manufacturing Investment Zones (NMIZs) as proposed under the National Manufacturing Policy announced last year, Chief Minister Prithviraj Chavan said. Both the projects are aligned to the ambitious Delhi Mumbai Industrial Corridor (DMIC). The Shendra project will require an investment of Rs 2,790 crore and the Dighi project will need Rs 5,967 crore, he said.]]></description>
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            <title><![CDATA[8% of affordable housing projects delivered in NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13309</link>
			<source>Business Standard</source>
			<pubDate>Fri, 24 Feb 2012 06:32:55 +0530</pubDate>
			<description><![CDATA[Business Standard- The national capital region (NCR) tops the list in delayed delivery of real estate residential projects. Of the projects launched between January 2007 and June 2009 in the affordable housing segment, only 8 per cent could be completed by January 2012, said a report prepared by PropEquity, a real estate advisory and consulting firm.]]></description>
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            <title><![CDATA[We do not revise prices depending on the state of the economy: Brotin Banerjee]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13308</link>
			<source>Business Standard</source>
			<pubDate>Fri, 24 Feb 2012 06:32:06 +0530</pubDate>
			<description><![CDATA[Business Standard- Tata Housing has been among the aggressive real estate players in the country and has also ventured abroad by launching a project in Maldives. In an interaction with Raghavendra Kamath, the company’s managing director and chief executive Brotin Banerjee outlined the company’s strategy and plans.]]></description>
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            <title><![CDATA[How to Get the Best Deal when Home Loan Rates Begin to Fall]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13307</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 23 Feb 2012 06:47:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- With three banks,Union Bank of India,Central Bank of India and Bank of Maharashtra announcing their decision to lower home loan rates,it is almost certain that we are heading towards softening of interest rates.Some more banks may soon announce rate cuts,while some may wait for the Reserve Bank of India to slash its policy rates,before taking a final call.Needless to say,the disparate rates,in the meanwhile,are going to cause a lot of confusion among home loan customers.If you have been waiting to switch over to the lender with lower rates at the first opportunity,it may be time to act in the next few weeks.Meanwhile,you can pore over your existing loan agreement to understand the clauses to avoid complications later.Follow the same exercise with the new lender too.Here are a few points that can guide you through the maze.]]></description>
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            <title><![CDATA[Emaar MGF bags ISO 9001:2008, 10002:2004 for customer service]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13306</link>
			<source>Business Insider</source>
			<pubDate>Thu, 23 Feb 2012 06:46:26 +0530</pubDate>
			<description><![CDATA[Business Insider- EMAAR MGF Land Ltd, one of India’s premier real estate developers, has been awarded the coveted ISO 9001:2008 and ISO 10002:2004 certification for its Customer Service function. Emaar MGF Land Limited has exciting landmark projects under development in the National Capital Region, including Gurgaon and Delhi, and in Mohali, Indore, Jaipur, Lucknow, Chennai, Hyderabad, Kolkatta etc.]]></description>
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            <title><![CDATA[Do not see big jump in home loans in 2012: NHB CMD]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13305</link>
			<source>NDTV Profit</source>
			<pubDate>Thu, 23 Feb 2012 06:45:25 +0530</pubDate>
			<description><![CDATA[NDTV Profit- There has been a fair amount of optimism in the real estate sector since the general economic environment is improving. The BSE Realty index was up 17.50 per cent in a period of one month, while the BSE Sensex index rose 8.30 per cent during the same time. In an exclusive interview to NDTV Profit, RV Verma, Chairman and Managing Director of the National Housing Bank spoke in depth about the realty sector issues and what the scenario is from the home loan perspective.]]></description>
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            <title><![CDATA[NBCC likely to offload 10% equity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13304</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 23 Feb 2012 06:44:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Public sector National Buildings Construction Corporation (NBCC) is expected to come out with (initial public offer) IPO in the second week of March to off-load 10 per cent of government’s equity. The state-owned company has already filed draft red herring prospectus (DHRP) with the market regulator Securities and Exchange Board of India (Sebi) earlier this month.]]></description>
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            <title><![CDATA[Bombay Realty unveils Island City Center]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13303</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 23 Feb 2012 06:43:24 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Wadia Group has recently launched a fully integrated mixed use development — the Island City Center, which will comprise two towers called One ICC and Two ICC at Dadar East in Mumbai. The price of the luxury residences would start from Rs 6 crore and above. One ICC and Two ICC will rise above 74 floors and will comprise three and four BHK apartments.]]></description>
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            <title><![CDATA[Godrej Properties launches Alpine in north Mangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13302</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 23 Feb 2012 06:42:29 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- After successfully co&shy;mpleting a prime residential project in new Airport road in Bangalore, Godrej 
Properties, the real estate development arm of the Godrej Group, recently announced the launch of its residential project Godrej Alpine in the prime area of Yeyyadi, Airport Road, North Mangalore.]]></description>
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            <title><![CDATA[Golfforeste luxury living in Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13301</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 23 Feb 2012 06:41:45 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Over the past few years, the Indian real-estate industry has witnessed a quest for revolutionary transformation in terms of luxury living and its affordability. Golfforeste villas in Greater Noida by Paramount group is another project that addresses the demand for such luxury living.
The project is coming up in an area of approximately 100 acre comprising luxurious villas and fully furnished (optional) studio apar&shy;tments as well as two and three BHK apartments.]]></description>
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            <title><![CDATA[Put on lease , While residential rentals are on the rise, rentals in commercial sector are seeing a fall in demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13300</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 23 Feb 2012 06:40:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Lease rentals are on a roller coaster ride. In most cases, rentals are directly proportional to the outright sale pricing, with a few variables such as the size of floating population in cities and the number of companies in transit swaying the demand. With residential property prices looking up after a long lull, rentals are likely to increase as well. On the other hand, commercial real estate is facing an unprecedented oversupply leading to a sudden fall in demand, which in turn has led to a steady decline of rentals.]]></description>
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            <title><![CDATA[Property sales registrations in Mumbai fall for 14th straight month in January]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13299</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 23 Feb 2012 06:40:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Property sales registrations for January in Mumbai have fallen for the straight 14th month by 15% year on year to 4,427 against 5,085 in the same month last year. There were a slew of launches expected post clarity on the new DCR or development control rules and conclusion of Brihan mumbai Municipal Corporation ( BMC)elections. Large supply build-up from new launches could trigger the much awaited price reduction. Lease registrations were up 10% year on- year to 9,111.]]></description>
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            <title><![CDATA[HC directs Hiranandani to build affordable flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13298</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 23 Feb 2012 06:26:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court today restrained the city-based Hiranandani Developers from carrying out any further development at its township in suburban Powai, until it provides flats for the weaker section of the society.
The division bench of Chief Justice Mohit Shah and Justice Roshan Dalvi was hearing public interest litigations, which alleged that when Hiranandani was allowed to build the township, state had laid down a condition that it must build a certain number of flats for the weaker section. Such flats were to be of smaller size, to make them affordable.]]></description>
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            <title><![CDATA[DLF sells 350 flats for Rs 500 crore in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13297</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 23 Feb 2012 06:23:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF, the country&#039;s largest realty firm, has sold 350 flats worth about Rs 500 crore in a luxury housing project at Gurgaon. The housing project &#039;The Primus&#039;, which is part of a 450 acre integrated township - DLF Garden City, was launched yesterday and all the flats were sold on the same day.According to sources, the company achieved a sales booking of about Rs 500 crore from this project.]]></description>
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            <title><![CDATA[Rel Realty Taps HNIs to Build an LLP Fund , New hybrid structure will be free of dividend distribution tax and minimum alternative tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13296</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 22 Feb 2012 06:31:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Reliance Realty, part of the Anil Ambani group, is knocking on the doors of rich investors for raising a real estate fund that will have the innovative structure of a limited liability partnership (LLP) with investors as partners. A hybrid of a company and partnership, the new structure will be free of dividend distribution tax and minimum alternative tax (MAT). Market circles said the move could encourage more funds to come out with LLP structures because there is no regulatory cap on the number of partners that an LPP can have.]]></description>
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            <title><![CDATA[Hyderabad’s software hub shines brightly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13295</link>
			<source>The Times of India</source>
			<pubDate>Wed, 22 Feb 2012 06:30:35 +0530</pubDate>
			<description><![CDATA[The Times of India- Call it yet another shot in the arm for Hyderabad&#039;s image as a global IT/ITeS hub. The city&#039;s IT district locations of Madhapur and Gachibowli have been rated among the fastest growing office locations in India by a leading realty consultancy firm. The survey has rated Hyderabad&#039;s suburban market, comprising Madhapur and Gachibowli, at the fourth spot in India among the 15 most fastest growing office locations in the country in terms of growth in rental values.]]></description>
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            <title><![CDATA[ICAI issues new guidelines for realty, carbon trading cos]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13294</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 22 Feb 2012 06:29:41 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Real estate companies and companies involved in carbon trading will have to change the way they recognise revenues. It&#039;s all thanks to a new guidance note issued by the Institute of Chartered Accountants In India (ICAI), reports CNBC-TV18&#039;s Payaswini Upadhyay. In a move to reduce the disparate practices of revenue recognition by real estate companies, ICAI has issued a guidance note identifying threshold limits when revenues from projects can be recognised.]]></description>
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            <title><![CDATA[Realty check: Mumbai slips off list of 10 most expensive office spaces]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13293</link>
			<source>Indian Express</source>
			<pubDate>Wed, 22 Feb 2012 06:28:11 +0530</pubDate>
			<description><![CDATA[Indian Express- For the first time in six years, Mumbai’s Nariman Point has been dropped from the list of top 10 global commercial rentals. The commercial business district, which was the eighth most expensive office space in the world last year, has now slipped to 15th position.
According to a report by real estate consultants Cushman &amp; Wakefield, Nariman Point saw rentals depreciating by 8 per cent over the last one year.]]></description>
			</item><item>
            <title><![CDATA[Home buying: China shows the way to RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13292</link>
			<source>Business Standard</source>
			<pubDate>Wed, 22 Feb 2012 06:27:13 +0530</pubDate>
			<description><![CDATA[Business Standard- In the past one year, the Reserve Bank of India (RBI) has taken a slew of measures to make life difficult for real estate developers. But the impact is being felt more by genuine homebuyers, at least for now. Its recent salvo — banks should not include stamp duty and registration fees while calculating the home loan — will only make things more difficult. Already, borrowers have to pay 20 per cent of the property value from their pockets as the loan-to-value has increased to 80 per cent.]]></description>
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            <title><![CDATA[Realtors&#039; revolt hits Cong, NCP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13291</link>
			<source>Business Standard</source>
			<pubDate>Wed, 22 Feb 2012 06:26:19 +0530</pubDate>
			<description><![CDATA[Business Standard- A sustained revolt by the all-powerful builders’ lobby “heavily hampered” the prospects of the Congress and the Nationalist Congress Party (NCP) in the just-concluded Mumbai civic body elections, according the alliance ruling Maharashtra. The Congress-NCP government’s intent to bring in transparency and sanity in the realty sector led to growing resentment in the builders’ lobby, which “vented its anger” during the last week’s BMC polls, say both political parties.]]></description>
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            <title><![CDATA[My Home plans Rs 500 cr project in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13290</link>
			<source>Business Standard</source>
			<pubDate>Wed, 22 Feb 2012 06:25:03 +0530</pubDate>
			<description><![CDATA[Business Standard- Hyderabad-based real estate company My Home Constructions is planning to build a 450-apartment residential complex at Hitec City here with an investment of Rs 500 crore. The project, aimed at high net worth individuals, would come up on five acres. “We will announce the project next month, and it would be completed in the next two years,” said J Rameswar Rao, chairman and managing director, My Home Group. The project will be internally funded.]]></description>
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            <title><![CDATA[Realtors hope Budget to make business briskier , Want green development, end to hardening of interest rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13289</link>
			<source>Business Standard</source>
			<pubDate>Wed, 22 Feb 2012 06:24:11 +0530</pubDate>
			<description><![CDATA[Business Standard- The real estate players are all ears to the upcoming union budget, as all of them are anticipating measures that would trigger a growth in the sector. They also foresee an end to hardening of interest rates, as the developers are looking for the union budget to feature measures that would help ease the monetary policy. The players are also seeking incentives for the promotion of green development, which would help reduce carbon footprints.]]></description>
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            <title><![CDATA[Gujarat govt sells 2,736 hectares in Dholera SIR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13288</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 22 Feb 2012 06:23:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- Infrastructure major, Hindustan Construction Company (HCC) and two other private firms have agreed to accept the Gujarat government’s offer to buy large tracts of land within the Dholera Special Investment Region (SIR), located at a distance of 140 kilometres from Ahmedabad, in the Gulf of Khambat area.]]></description>
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            <title><![CDATA[Online realty services set to attract home owners]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13287</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 21 Feb 2012 05:51:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Whether it&#039;s designing a house or hunting for one, painting a room or consulting a vaastu expert, realty portals have come up with a wide range of services. Here are six that you can avail of. Despite an ailing economy and languishing real estate, there isn&#039;t a dearth of customers who want to buy, sell or build property. While this spells good news for real estate advisories and consultancies, customers are beginning to look for much more than advice or a property listing.]]></description>
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            <title><![CDATA[MCX realty index awaits change in laws]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13286</link>
			<source>Indian Express</source>
			<pubDate>Tue, 21 Feb 2012 05:50:23 +0530</pubDate>
			<description><![CDATA[Indian Express- Trading in real estate and rain indices could be the next area of growth for MCX, the country’s largest commodity bourse, which has already tied up with partners and is waiting for necessary amendments in the laws.]]></description>
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            <title><![CDATA[Demand for commercial space to dip 15% this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13285</link>
			<source>Indian Express</source>
			<pubDate>Tue, 21 Feb 2012 05:49:26 +0530</pubDate>
			<description><![CDATA[Indian Express- With rising interest rates and global crisis weighing down on the commercial real estate market in the country, analysts predict that the segment will see a 15 per cent drop in demand compared to last year.
According to global property advisors DTZ, in 2011 seven cities across the country, including Mumbai, recorded a demand for 35 million sq ft of office space. In 2012, this is expected to slip to 30 million sq ft.]]></description>
			</item><item>
            <title><![CDATA[German-French retail rivalry plays out in east Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13284</link>
			<source>Business Standard</source>
			<pubDate>Tue, 21 Feb 2012 05:48:24 +0530</pubDate>
			<description><![CDATA[Business Standard- International retail majors Metro and Carrefour will compete in the cash-and-carry space in the eastern part of the capital, just a few kilometres from each other. While French retailer Carrefour had set up its first cash-and-carry centre at Seelampur in east Delhi in December 2010, German chain Metro will launch its 10th Indian outlet in Karkardooma tomorrow.]]></description>
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            <title><![CDATA[RICS launches best practice standards for realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13283</link>
			<source>Construction Week</source>
			<pubDate>Tue, 21 Feb 2012 05:47:21 +0530</pubDate>
			<description><![CDATA[Construction Week- In an effort to enhance professionalism in the industry, RICS has launched its Red Book of Valuation Standards and Global real estate agency and brokerage standards at the recently concluded real estate conference in Mumbai. The RICS standards, which have already been adopted in a number of countries, look to provide an overarching international framework for all property brokers worldwide. Based on 12 high level principals towards fairness and transparency; the purpose of these standards is to ensure that clients receive objective advice, delivered in a professional manner that is consistent with internationally recognized standards. Four international property consulting firms– CBRE South Asia, DTZ India, Colliers International and Re-MAX– having their operations in India, have decided to adopt RICS real estate standards.]]></description>
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            <title><![CDATA[NRIs Seek Stability With Indian Real Estate Investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13282</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 21 Feb 2012 05:46:13 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Over the past few years, we have noted that NRIs are investing into residential real estate specifically in large Indian cities to build a back-up base in the country. This particularly applies to NRIs with professional/entrepreneurial ambitions who intend to set up businesses in these cities in the future.]]></description>
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            <title><![CDATA[Mixed-use realty development in vogue now , Experts say mixed use will be the future of buildings as retail is becoming more organised, and FDI in multi-brand retail may be allowed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13281</link>
			<source>Business Standard</source>
			<pubDate>Tue, 21 Feb 2012 05:44:53 +0530</pubDate>
			<description><![CDATA[Business Standard- As real estate in India goes vertical, developers are focusing in a big way on mixed-use development. Experts call it the need and future of real estate in the country with land being a scarce resource. Internationally, mixed use development has been quite popular for long. Back home, Supertech has Supernova in Noida, a mixed-use development building, and is planning to come up with more. The first three floors will be commercial and thereafter residential. Multiplex major PVR has acquired space already.]]></description>
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            <title><![CDATA[There&#039;s need for a real estate regulator to ensure fair play]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13280</link>
			<source>Business Standard</source>
			<pubDate>Tue, 21 Feb 2012 05:44:01 +0530</pubDate>
			<description><![CDATA[Business Standard- The government is trying to provide the requisite stability to the economy, but now it also needs to focus on strengthening the real estate sector. This is important in view of the fact that the construction sector is the second-largest employer, next only to agriculture, and growth in the sector has a direct impact on ancillary industries like steel and cement. The sector creates a ripple effect in the market and helps push the economy.
Having said that, we strongly feel the need for setting up of a real estate regulator to ensure fair play and transparency in the industry and protect consumer interests. The main idea is to create a level playing field.]]></description>
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            <title><![CDATA[Realty firm scion dies in Lamborghini crash]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13279</link>
			<source>The Times of India</source>
			<pubDate>Mon, 20 Feb 2012 06:30:40 +0530</pubDate>
			<description><![CDATA[The Times of India- The 26-year-old son of a real estate tycoon died in the early hours of Sunday when the Lamborghini he was driving crashed at high speed into the railings adjoining a bus stand in south Delhi’s BRT corridor. A cyclist was critically injured in the accident. Anukool Rishi, whose father P A Rishi is chairman of MVL Ltd, was thrown out of the car as the impact ripped apart the door on the driver’s side. He was declared ‘brought dead’ at hospital. The accident took place around 5am, police said.]]></description>
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            <title><![CDATA[Budget 2012: Grant industry status to real estate sector, says FICCI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13278</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 20 Feb 2012 06:27:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Notification and guidelines for housing projects under a scheme of Affordable Housing. Below provisions were approved by Parliament in Budget for 2011-2012: &#039;35AD&#039; Deduction in respect of expenditure on specified business: &quot;(ad) on or after the 1st day or April, 2011, where in the specified business is in the nature of developing and building a housing project under a scheme for affordable housing framed by the Central Government or a State Government, as the case may be, and notified by the Board in this behalf in accordance with the guidelines as may be prescribed.&quot;]]></description>
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            <title><![CDATA[Brace for 10-30% price rise, delivery delays: real estate players]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13277</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 20 Feb 2012 06:26:17 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate players have said housing customers should brace for a 10-30 per cent rise in property prices in 2012-13. Also, delivery delays and speculative price spirals could further pinch the customers&#039; pocket in the forthcoming fiscal, they warn. Mr Navin M. Raheja, Chairman, Raheja Developers, said, “In all likelihood, prices will rise in the medium-term. The cost of land is going up. Funds are restrictive and material cost is also steadily rising. Speculative prices have slowed sales. People with disposable income are also driving up the prices so there is a huge demand-supply issue.”]]></description>
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            <title><![CDATA[Timely Exits Help Realty Funds Gain Big ,Funds clock an average return of 20% in 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13276</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 20 Feb 2012 06:25:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Wealthy investors who had put money in realty funds a few years ago are reaping rich dividends on the back of a series of profitable exits by these funds. Leading funds HDFC PMS, Kotak Realty, Milestone Real Estate Fund and ASK Real Estate Portfolio, among others, have profitably exited about 6-12 projects between August and December 2011. Almost all these funds have logged well over 20% annualised returns on their investments at exit, wealth managers and sources said.]]></description>
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            <title><![CDATA[‘Demand for commercial space to dip 15% this year’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13275</link>
			<source>Indian Express</source>
			<pubDate>Mon, 20 Feb 2012 06:24:32 +0530</pubDate>
			<description><![CDATA[Indian Express- With rising interest rates and global crisis weighing down on the commercial real estate market in the country, analysts predict that the segment will see a 15 per cent drop in demand compared to last year. According to global property advisors DTZ, in 2011 seven cities across the country, including Mumbai, recorded a demand for 35 million sq ft of office space. In 2012, this is expected to slip to 30 million sq ft.]]></description>
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            <title><![CDATA[Paracor plans to raise Rs 987 crore real estate fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13274</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 20 Feb 2012 06:23:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Paracor Capital Advisors is in the process of raising $200 million (Rs 986.99 crore) real estate fund which the company wants to deploy mainly in residential projects across the seven top cities in India. The real estate dedicated fund is being raised from high net worth individuals (HNIs) which will be invested over a period of three to five years, said Anil Pathak, managing director and chief executive officer, Paracor Capital Advisors.]]></description>
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            <title><![CDATA[2G case: Telenor may claim damages from Unitech, says Sigve Brekke]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13273</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 20 Feb 2012 06:22:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Norway-based Telenor is likely to claim the cost of losing Indian telecom licences from Unitech, its partner from whom the company is parting ways, said Telenor&#039;s Asia head. &quot;We have served an indemnity notice (to Unitech). The damages will be the cost we will have to incur as a result of losing the licences,&quot; said Sigve Brekke, who is also the managing director of Uninor, a joint venture between Indian real-estate major Unitech and Telenor.]]></description>
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            <title><![CDATA[GURGAON GLOWS;FUTURE IS BRIGHT!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13272</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:06:15 +0530</pubDate>
			<description><![CDATA[The Times of India- Developmental authorities like HUDA,Municipal Corporation of Gurgaon and Haryana Public Health Department have several plans to increase the availability of housing and accord world-class facilities to the residents of the city. With limited land option and shrinking infrastructure what is the future of Gurgaon you are looking at The future is bright.Gurgaon is far better than several other new cities that have developed in the country.The extension of Gurgaon is in full swing,going up to Manesar and Dharuhera.]]></description>
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            <title><![CDATA[FARIDABAD: SHARYANAS HURRICANE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13271</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:05:20 +0530</pubDate>
			<description><![CDATA[The Times of India- Against stiff competition from emerging industrial and residential hubs in the NCR,Faridabad continues to attract several large and medium-scale real estate developers and promoters.AMNEET P KUMAR, administrator HUDA,Faridabad,explains more about city development plan to A K TIWARY 
There is a stiff competition from emerging industrial and residential hubs in the NCR.What plans does HUDA,Faridabad,have to face this challenge]]></description>
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            <title><![CDATA[EVERY NAME HAS A STORY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13270</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:04:01 +0530</pubDate>
			<description><![CDATA[The Times of India- If you are planning to buy your dream home,does the name of the project,if it is very unique and attractive,tempt you into the purchase A K TIWARY unravels the stories behind fancy names that residential projects carry How far does the name of a residential project go in pulling in customers If you want to go with the project name,you must first verify the facilities on offer by the developer. If you are not interested in the facilities being offered in a project,don&#039;t go by the name.And if you want to avail all the facilities in a particular project,which will surely cost you a lot more,the unique name that you fancy will be an added attraction.Builders and developers like JP,Unitech,Ansal,Amrapali,Assotech,Supertech,Gaursons,Antriksh and many others are coming up with some very eye-catching project names.]]></description>
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            <title><![CDATA[PATAUDI,SOHNA ROAD SCORE BIG]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13269</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:02:42 +0530</pubDate>
			<description><![CDATA[The Times of India- With infrastructure developments gaining ground,Pataudi and Sohna Roads are on course to emerge as growth corridors in the near future.The availability of land parcels for residential and commercial development is one of the main factors driving development in this location.Other significant factors are the proximity to the airport and the forthcoming educational,hospitality and infrastructure developments.]]></description>
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            <title><![CDATA[GREEN HOMES FOR MIDDLE CLASS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13268</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:01:59 +0530</pubDate>
			<description><![CDATA[The Times of India- SARE Homes,which has invested in eight integrated projects in cities like Gurgaon,Ghaziabad,Navi Mumbai,Chennai,Amritsar and Indore,has recently launched Green ParC-II,in Gurgaon. After selling more than 3,500 apartments,handing over first possession on time,and creating significant monetary appreciation for its customers,investors and other stakeholders, SARE Homes (South Asian Real Estate),has announced the launch of Green ParC-II,the fourth phase of its 65-acre integrated township called Crescent ParC in Sector 92,Gurgaon.]]></description>
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            <title><![CDATA[TRANSPARENCY IN REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13267</link>
			<source>The Times of India</source>
			<pubDate>Sat, 18 Feb 2012 08:00:57 +0530</pubDate>
			<description><![CDATA[The Times of India- Prominent developers have decided to disclose built-up area of flats,along with super area,in a bid to increase transparency in their dealings.PRABHAKAR SINHA writes 
To inspire confidence among homebuyers,developers and builders are gearing up to embrace transparent practices while selling their projects.Lalit Kumar Jain,the president of Confederation of Real Estate Developers Association of India (Credai),said all the developer and builders,who are members of Credai,have decided to disclose built-up area of apartments,along with the super area.]]></description>
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            <title><![CDATA[Realty sector holds many options to suit every investor segment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13266</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 18 Feb 2012 08:00:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- The population of cities in India will increase to 590 million by 2030. The scale and speed of urban transformation here over the next 18 years will beat any development that has happened anywhere in the world, except in China, according to a McKinsey Global Institute survey.]]></description>
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            <title><![CDATA[IT continues to drive demand for commercial space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13265</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 18 Feb 2012 07:58:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- The IT sector is set to expand its wings further, going by the demand for office spaces in the city and in the outskirts. Several tech parks on the Outer Ring Road (ORR) have large companies operating out of them, and residential clusters in the vicinity along with the necessary social infrastructure. This has created micro markets in localities such as Whitefield, Electronic City, Bannerghatta Road and Kanakapura Road.]]></description>
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            <title><![CDATA[Why tenancy cannot be transferred to grandchildren]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13264</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 18 Feb 2012 07:57:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- Tenancy cannot be transferred to grandchildren. Recently, the High Court in Mumbai held that children, after becoming adults, need their parents&#039; permission to stay in their personal property. According to the ruling, it is the responsibility of parents to take care of their minor children. After the children become adults, they do not get a right to reside in the personal property of their parents.]]></description>
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            <title><![CDATA[Infrastructure cos NCC, Lanco, IVRCL, Punj Lloyd and others plan to raise cash by exiting non-core business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13263</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 18 Feb 2012 07:56:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the real estate market showing signs of stabilising after months, listed firms having real estate as a non-core business have begun to accelerate their exit from the sector. Indian infrastructure companies such as NCC Urban Infrastructure, Lanco Infratech, IVRCL Infrastructure and Punj Lloyd have either sold, or are in the process of exiting their real estate business to raise cash and re-focus on core business. Barely 3-4 years ago, these companies had rushed to booming real estate bandwagon to launch their own projects.]]></description>
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            <title><![CDATA[RBI to wait for Budget 2012 proposals before cutting interest rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13262</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 18 Feb 2012 07:55:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank on Friday said interest rates have peaked and indicated that it would reduce them after taking into account the Budget proposals and global commodity prices. Finance Minister Pranab Mukherjee will present the Budget for 2012-13 fiscal in the Lok Sabha on March 16 during which he is expected to announce steps to arrest slowdown in economic growth. The GDP growth rate in 2011-12 is expected to moderate to 6.9 per cent from 8.4 per cent a year ago.]]></description>
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            <title><![CDATA[Cost of living: City tops chart in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13261</link>
			<source>The Times of India</source>
			<pubDate>Fri, 17 Feb 2012 07:21:38 +0530</pubDate>
			<description><![CDATA[The Times of India- Official data for the six years from 2004-05 to 2009-10 shows that spending on essential food and nonfood items rose 75% and 78% respectively,and the citys monthly per capita expenditure of Rs 2,905 in 2009-10 was the highest across India. While the average family size shrank over the years,household expenditure continued rising at a clip,the governments latest report shows.]]></description>
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            <title><![CDATA[Mumbai is world&#039;s second least expensive city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13260</link>
			<source>Business Standard</source>
			<pubDate>Fri, 17 Feb 2012 07:20:32 +0530</pubDate>
			<description><![CDATA[Business Standard- A high rate of inflation may be pinching hard on day-to-day life of people in the country, but a global survey has named two Indian cities — financial hub Mumbai and national capital New Delhi —among the four least expensive places across the world. In the worldwide ‘cost of living’ survey by the Economist Intelligence Unit , Mumbai is the second least expensive city globally, while New Delhi is ranked fourth.]]></description>
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            <title><![CDATA[Kinfra gets nod for IT/ITeS SEZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13259</link>
			<source>Business Standard</source>
			<pubDate>Fri, 17 Feb 2012 07:19:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The Kerala Industrial Infrastructure Development Corporation (Kinfra) has obtained approval from the Centre to set up a special economic zone for IT/ITeS at the Kinfra Film and Video Park at Kazhakuttam, near Thiruvananthapuram. The investors in the park will be eligible for various tax and duty concessions and there will be no need for a special licence for imports. They will get full exemption from excise and customs duties and a five-year exemption from income tax.]]></description>
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            <title><![CDATA[Government eases green norms for units in proposed mfg zones]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13258</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 17 Feb 2012 07:17:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Giving a boost to the National Manufacturing Policy, the government on Wednesday said units in the proposed mega industrial enclaves will be given highest priority for environmental clearances. Besides, the procedures for green approvals have been relaxed, exempting the individual units within proposed National Manufacturing and Investment Zones (NMIZs) from public hearings, once they have been held for the entire zone, provided they are notified by the concerned state government.]]></description>
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            <title><![CDATA[South Asian Real Estate homes aims to develop 40 mn sq ft in next 5 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13257</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 17 Feb 2012 06:54:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delhi-based South Asian Real Estate Homes (SARE) today said it plans to develop 40 million square feet of land across the country in the next five years. The company, which is promoted by UK-based Duet Group, said the most of the development would take place in the major cities in the country.]]></description>
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            <title><![CDATA[63 NCR Home Projects Running Late by 4 Yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13256</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:53:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Most homebuyers would not mind a housing project being delayed by a few months. What is worrying though is that a large number of residential projects in the national capital region, launched in 2005-06, and to be handed over to buyers latest in 2008-09, are still under construction. A research done by property consultancy Jones Lang LaSalle shows that as many as 63 large residential projects in the NCR, with over 40,000 apartments, are delayed, many by over four years.]]></description>
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            <title><![CDATA[Everything you know about Gurgaon is business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13255</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:52:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- If it was not for the industrial and corporate activity way back in the 90s, Gurgaon would have remained a sleepy small town situated close to the capital of the country.But as luck would have it, this quaint little town has today become a powerhouse of multinationals and industries across segments. A major corporate hub of NCR, it figures prominently on the business scene with real estate, IT, manufacturing sectors growing by the day,but does it have the potential to become the financial capital of Haryana or for that matter the NCR?]]></description>
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            <title><![CDATA[North India’s corporate destination!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13254</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:52:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- From a little known sleepy town of the yesteryears to becoming a major IT destination, Gurgaon has come a long way. Today, it is home to corporate offices of major MNCs and IT companies in the country. One of the most important drivers for this prolific development is its geographical proximity to the nation&#039;s capital, Delhi. Delhi has a ready pool of talent as many from the neighbouring states come into the capital either for higher studies or in search of jobs. What also triggered Gurgaon&#039;s growth was the availability of land therefore affordable office space and excellent roadways.]]></description>
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            <title><![CDATA[CREDAI to offer Rs. 2.5 crore to CM relief fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13253</link>
			<source>The Indian Express</source>
			<pubDate>Thu, 16 Feb 2012 06:51:23 +0530</pubDate>
			<description><![CDATA[The Indian Express- Sixty-five top developers from the property space will showcase 250 completed projects ranging from Rs.10 lakh to Rs. 10 crore during the Confederation of Real Estate Developers’ Associations of India’s (CREDAI) three-day property show here from Feb 17. Addressing a press conference here on Tuesday, T Chitty Babu, president of CREDAI Chennai, said the fifth edition of FAIRPRO 2012 will underscore the vision of CREDAI’s new ‘Mission Transparency’ initiative and offer a platform for home-seekers to own a property that is based on strong values of trust and integrity. Interestingly, this time the expo will bring in Chennai’s most legendary builders and bankers together to offer prospective home-seekers best value proposition on hot properties with home loans at lower interests.]]></description>
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            <title><![CDATA[Real Estate Implications Of RBI&#039;s Latest Measures]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13252</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 16 Feb 2012 06:50:23 +0530</pubDate>
			<description><![CDATA[Moneycontrol- RBI&#039;s latest notification says that stamp duty, registration and other charges should be excluded while calculating the value of a property. This is expected to have a short-term impact and is unlikely to turn out to be a show stopper. Evidently, RBI is attempting to introduce and additional element of caution in ensuring that end users and investors do not over-leverage in the property purchase process. Land costs are actually a bigger problem, since they have shot up considerably in recent times. This is far more pertinent, since land forms 70-80% of the total cost of a property in our large cities. In comparison, the mortgage aspect is minimal and can be borne with greater ease than increased property rates.]]></description>
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            <title><![CDATA[Repair the city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13251</link>
			<source>The Times of India</source>
			<pubDate>Thu, 16 Feb 2012 06:49:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Today&#039;s election to the Brihanmumbai Municipal Corporation (BMC), the country&#039;s richest civic body, is significant for more reasons than one. High-pitched civic elections - spanning 10 municipal corporations and 27 zilla parishads across Maharashtra - are being billed as a crucial political contest between the UPA and the NDA, a bellwether for the state&#039;s assembly elections in 2014. The tussle over the BMC leadership is being fought primarily between the Congress-NCP combine and Shiv Sena-BJP, which currently control the BMC. An equally formidable contender is the Maharashtra Navnirman Sena, which could well end up spoiling the Shiv Sena&#039;s chances. But the real challenges of the BMC polls lie beyond political brinkmanship. They are articulated in the issues that impact the day-to-day lives of Mumbaikars.]]></description>
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            <title><![CDATA[Ashmore leads as others quit high-valuation Milestone race]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13250</link>
			<source>Business Standard</source>
			<pubDate>Thu, 16 Feb 2012 06:49:12 +0530</pubDate>
			<description><![CDATA[Business Standard- What was expected to be a race to the finish is turning out to be a damp squib, as only one suitor is left to acquire Milestone Capital, the real estate-centric fund with assets of Rs 4,000 crore under management. According to three independent sources, only Ashmore Investment Managers is still in the race with others opting out due to the high valuation expectation of the family of Ved Prakash Arya, the late promoter of Milestone Private Equity Advisory. The fund has been put on the block after Arya’s untimely death in an accident in August last year.]]></description>
			</item><item>
            <title><![CDATA[CREDAI for 100% guaranteed campaign]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13249</link>
			<source>Zee News</source>
			<pubDate>Thu, 16 Feb 2012 06:48:19 +0530</pubDate>
			<description><![CDATA[Zee News- Boosting confidence among buyers, apex industry body Confederation of Real Estate Developers&#039; Association of India (CREDAI) would promote the &quot;100 percent guaranteed campaign&quot; across all its events, a top official said on Tuesday. The initiative, comes in the wake of some real estate developers putting out huge advertisements attracting buyers for their projects without getting any approval from state industry regulator Chennai Metropolital Development Authority (CMDA).]]></description>
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            <title><![CDATA[Cee Dee Yes unveils a gated township at OMR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13248</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 16 Feb 2012 06:46:22 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The city-based Cee Dee Yes Infrastructure Development, which had promoted several residential projects as well as IT parks, has recently unveiled its most ambitious self-contained and fully integrated gated residential township project called Chennai Pattinam off Tiruporur on OMR.]]></description>
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            <title><![CDATA[Supertech’s 50-storey towers at Noida’s Sector 74]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13247</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 16 Feb 2012 06:45:51 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Supertech, a Delhi-based real estate developer, is coming up with 50-storey luxurious res&shy;idential development in Sector 74, Noida. Christened ORB, the project will consist of three 50-storey towers, spread across five acres. It is part of 50-acre integrated township ‘Cape Town’. Another luxury project ‘North Eye’, which the company claims to be the north India’s tallest residential development, is also part of the 50-acre township. The project will involve an investment of app&shy;ro&shy;ximately Rs 500 crore.]]></description>
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            <title><![CDATA[Serene Pragathi launched in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13246</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 16 Feb 2012 06:45:13 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Coimbatore-based Covai Property Centre has tied up with Pragathi Group for its latest project targeted at senior citizens. Coimbatore-based Covai Pr&shy;operty Centre has anno-unced Serene Pragathi, a retirement community at Hyderabad. The first phase of the project would be ready in a year, said its managing director A Sridharan.]]></description>
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            <title><![CDATA[Hooked on havelis]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13245</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 16 Feb 2012 06:44:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- It’s a scene straight out of Bollywood films: Spacious indoors; heavy hand-carved doors, sun-lit jharokhas; huge and sunny patios, where chirping pigeons hang around the birdbaths… A haveli, you would agree, is just the kind of place where you can have long and never-ending family unions. And, if the maintenance sits heavily on your pocket, you could always temporarily rent it out to the likes of Sooraj Barjatyas and Sanjay Leela Bhansalis. In the bargain, you get a piece of olde-worlde charm.]]></description>
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            <title><![CDATA[Tata Camelot &#039;benefitted&#039; from MLAs?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13244</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:43:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Intensifying its scathing attack against the Punjab government for allowing Tata Camelot to come up in a “controlled area”, the Administration today accused Punjab of preparing the master plan of Nayagaon keeping the Tata Camelot project in mind. Senior standing counsel for UT Administration, Sanjay Kaushal alleged that the Punjab government buckled under the pressure of it’s MLAs to prepare the master plan of Nayagaon to benefit Tata housing corporation. “The master plan for Nayagaon was not made for its residents but was made keeping the project (Camelot) in mind,” Kaushal averred.]]></description>
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            <title><![CDATA[Reform property sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13243</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 16 Feb 2012 06:41:34 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Of all the distortions in the economy, the property sector is perhaps the worst. It needs urgent reforms, so that ordinary people are able to afford a roof above their heads, the government gets its share of revenues and pure profit-seekers and speculators are sent packing. Property prices in India have been rising at an exponential rate for the last 10 years, leaving the common man in the lurch. It is believed that by 2025, approximately 50 per cent of the population will be living in cities.]]></description>
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            <title><![CDATA[Service tax is payable on flats allotted to the landowner, clarifies Finance Ministry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13242</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 16 Feb 2012 06:40:46 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- When the landowner is given flats in lieu of cash, such flats become liable to service tax, says the Finance Ministry&#039;s clarification of February 10, among other things. Suppose, the landowner invites a builder to demolish his bungalow and construct 10 flats thereon, with two flats being allotted to him as sale consideration, the two flats, though for non-cash consideration, would attract service tax immediately on signing of the building agreement.]]></description>
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            <title><![CDATA[More confusion in land acquisition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13241</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:38:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Legislation for land acquisition is to enable acquisition of land by the government, which is essentially expropriatory by nature, even though compensation based on market value is paid. Until about 10 years ago, ‘public purpose’ was ordinarily not being questioned until misuse of enactment came to fore. The new Bill comes with some corrections to identified problems but fails on the basics, as it primarily tries to curtail the power of the government to acquire land.]]></description>
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            <title><![CDATA[Government eases green norms for units in proposed mfg zones]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13240</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:37:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Giving a boost to the National Manufacturing Policy, the government on Wednesday said units in the proposed mega industrial enclaves will be given highest priority for environmental clearances. Besides, the procedures for green approvals have been relaxed, exempting the individual units within proposed National Manufacturing and Investment Zones (NMIZs) from public hearings, once they have been held for the entire zone, provided they are notified by the concerned state government.]]></description>
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            <title><![CDATA[Urbanisation must get top priority, land use reforms critical: DLF chief]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13239</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:36:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- When the former army man from Bulandshahr who single-handedly built the gleaming city of Gurgaon from farm lands in the 1990s without a whiff of litigation talks of urbanisation in the era of agitations, it is time to listen. Reforms in urbanisation and land acquisition policy should be the biggest focus area for the government, feels KP Singh, 82, chairman of the country’s largest real estate firm DLF. Gurgaon, sporting the headquarters of top-notch domestic and multinational companies, boasts of the country’s third-highest per capita income, behind Chandigarh and Mumbai.]]></description>
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            <title><![CDATA[Dutch firms to conduct pre-feasibility study on reclamation-related projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13238</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:35:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Following a letter from the Netherlands consulate, the Mumbai Transformation Support Unit (MTSU) has proposed a few Dutch companies be given the mandate for preparing the pre-feasibility report for four crucial reclamation-related projects and policies. The MTSU, a World Bank funded think-tank and a state government advisory body, has zeroed in on the four from a list of six submitted by the consulate.]]></description>
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            <title><![CDATA[Noida demolition drive deferred due to Valentine’s Day]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13237</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:33:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The demolition of illegal residential plots that have come up on the floodplains of the Hindon river in Noida was postponed to Wednesday due to Valentine’s Day. fficials of the district administration said while most of the police personnel had been deployed to look out for trouble on Valentine’s Day, some were placed on election duty.]]></description>
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            <title><![CDATA[Top state-owned financial, infra firms headless, make do with part-timers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13236</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 16 Feb 2012 06:33:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- A paralysis on appointments has resulted in a situation where close to a dozen top state-owned firms in crucial sectors are headless today. The list includes the country’s three most powerful financial institutions — Life Insurance Corporation, General Insurance Corporation and UTI Mutual Fund.]]></description>
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            <title><![CDATA[South Asian Real Estate homes aims to develop 40 mn sq ft in next 5 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13235</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:32:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delhi-based South Asian Real Estate Homes (SARE) today said it plans to develop 40 million square feet of land across the country in the next five years. The company, which is promoted by UK-based Duet Group, said the most of the development would take place in the major cities in the country.]]></description>
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            <title><![CDATA[Housing subsidy scheme for urban poor revised]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13234</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:31:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the aim of a slum-free India, government has increased the loan amount to Rs 5 lakh for construction of houses in urban areas under the Interest Subsidy for Housing the Urban Poor (ISHUP) scheme. Based on the recommendations made by an advisory committee set up by Housing and Urban Poverty Alleviation Ministry, it is proposed that the existing scheme of ISHUP be revised with increase in the upper ceiling of the loan for current Rs 1 lakh with interest subsidy of per cent to Rs 3 lakh for the economically weaker section (EWS) households and Rs 5 lakh for the lower income group (LIG) beneficiaries.]]></description>
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            <title><![CDATA[Despite rate hikes, no respite from rising realty prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13233</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:30:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Higher home loan rates seem to have had a marginal impact on the interest in buying property. According to the latest data released by the National Housing Bank (NHB), barring Hyderabad and Kochi where there was a sharp decrease in the NHB Residex, the housing price index went up in most metros. For instance, housing prices went up in Delhi, Bangalore, Chennai, Ahmedabad and Pune during October-December when the industry was complaining of higher interest rates affecting demand. Even in cities such as Mumbai, Kolkata, Jaipur and Patna, where the index fell, the decline was of the order of one point each.]]></description>
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            <title><![CDATA[Housing prices in Mumbai, Kolkata down; Delhi rates up in Q3]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13232</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:29:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Prices of residential properties in Mumbai and Kolkata witnessed a downward movement while Delhi prices firmed up during the third quarter of the current fiscal, as per the latest Residex released by the National Housing Bank (NHB). Prices of houses in Kolkata and Mumbai declined by 0.5 per cent in October-December period of 2011-12 compared to previous quarter. Among other cities, the maximum decline was observed in Kochi at 15.5 per cent followed by Hyderabad at 6 per cent, Jaipur 1.5 per cent and Patna 0.7 per cent.]]></description>
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            <title><![CDATA[High Court reserves verdict on DLF&#039;s plea on SEBI order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13231</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:28:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Delhi High Court today reserved its verdict on a plea of construction major DLF against the judgement of a single judge bench which upheld the SEBI&#039;s decision to probe an allegation that it duped a trader of Rs 34 crore in collusion with alleged associate Sudipti Estates. A bench of justices S Ravindra Bhat and S P Garg reserved the judgement after counsel appearing for the parties concluded their arguments.]]></description>
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            <title><![CDATA[Budget 2012: Infrastructure firms seek regulatory clarity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13230</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:25:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- To fulfil India&#039;s aspirations of growing at over 9% per annum in the next five years, the government has taken a pledge to spend $ 1 trillion to build wider roads, light up more homes and encourage more sea borne trade. To achieve such an ambitious target, it has to rely heavily on the private sector to improve service quality, time and cost as there is a growing acknowledgement of the benefits that the private sector brings to the infrastructure sector.]]></description>
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            <title><![CDATA[NRIs, PIOs not required to report property deals in India: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13229</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 16 Feb 2012 06:24:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- RBI on Wednesday clarified that NRIs and PIOs are not required to report to the central bank the details of transactions while purchasing immovable property in India, an announcement which is likely to encourage Indian diaspora to invest in the country.]]></description>
			</item><item>
            <title><![CDATA[The Tale of Missing Crore from 100 ,The recent raids at Ponty Chadha’s Noida mall led to seizure of just . 100 instead of . 100 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13228</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 15 Feb 2012 06:28:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- It bore all the traces of a Bollywood flick. A bunch of seriouslooking men land up in a mall owned by a controversial business tycoon. Flashing identity cards, which reveal them to be income-tax officials, they head straight for the basement, said to house one of tycoon&#039;s many offices. The team has perhaps been tipped off about the presence of a large safe hidden somewhere in the basement and said to house vast amounts of cash - mostly unaccounted. They scour around but can&#039;t seem to locate the safe. And suddenly, almost by accident, one of them spots a switch, almost hidden behind a painting.]]></description>
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            <title><![CDATA[Property fair will be bigger this time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13227</link>
			<source>The Hindu</source>
			<pubDate>Wed, 15 Feb 2012 06:24:19 +0530</pubDate>
			<description><![CDATA[The Hindu- The annual property fair organised by the Confederation of Real Estate Developers&#039; Association of India (CREDAI) promises to be better and bigger this year. The three-day ‘Fairpro 2012&#039; exhibition, from February 17 at Chennai Trade Centre in Nandambakkam, will have nearly 65 developers showcasing around 250 projects. The projects are priced from Rs.10 lakh to Rs.10 crore.]]></description>
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            <title><![CDATA[India&#039;s Unitech hit by fall in demand for houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13226</link>
			<source>Reuters</source>
			<pubDate>Wed, 15 Feb 2012 06:23:41 +0530</pubDate>
			<description><![CDATA[Reuters- Unitech Ltd, India&#039;s No.3 real estate developer by market value, reported a halving of its quarterly net profit on Tuesday, as the company was hit by a fall in demand for houses in a rising interest rate environment. India&#039;s debt-laden developers have been hit by slowing sales as 13 interest rate hikes since March 2010 by the central bank in Asia&#039;s third-largest economy have increased the cost of repayments and deterred potential homebuyers.]]></description>
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            <title><![CDATA[The return of Godbole]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13225</link>
			<source>Business Standard</source>
			<pubDate>Wed, 15 Feb 2012 06:22:42 +0530</pubDate>
			<description><![CDATA[Business Standard- For years, private equity firms have been playing a major role in the Indian real estate space as banks have started tightening the screws. Global major Morgan Stanley is no different and actively participates in the Indian real estate growth story through Morgan Stanley Real Estate Investing (MSREI), the firm’s global real estate investment management arm. To strengthen its Indian team, MSREI recently appointed Shirish B Godbole as India Head of MSREI. Based in Mumbai, Godbole replaced Ramesh Naik, former CEO who stepped out in November last year.]]></description>
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            <title><![CDATA[Spanish painting worth Rs 20 cr found during raid on realtor’s house]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13224</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 15 Feb 2012 06:21:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- While raiding a property dealer for illegal possession of weapons, the Oshiwara police stumbled upon what they were told could be a rare 19th Century painting by renowned Spanish master Francisco de Goya, which is worth around Rs 20 crore. The police are now in touch with the Spanish Embassy to verify whether the painting is an original. However, there are no reports of the painting being stolen.]]></description>
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            <title><![CDATA[PROMISES NOT KEPT -Dwarka makes a master plan pitch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13223</link>
			<source>The Times of India</source>
			<pubDate>Tue, 14 Feb 2012 06:28:26 +0530</pubDate>
			<description><![CDATA[The Times of India- Dwarka was supposed to be a sub-city packed with all modern amenities. However, residents there claim it’s not half as good. They have now written to the ministry of urban development, complaining that Delhi Development Authority (DDA) has failed to implement any of the provisions of Master Plan Delhi 2021, which aimed at giving Dwarka a robust infrastructure. With the review of the Master Plan already underway, residents now want DDA to relook at the promises made to them and at least provide them basic facilities like potable water and healthcare.]]></description>
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            <title><![CDATA[DLF May Sell 2 Noida Plots to Bharti Realty for 250 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13222</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 14 Feb 2012 06:27:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- India’s biggest real estate firm DLF is close to selling two 25-acre plots of land in Noida to Bharti Realty, the realty arm of Bharti Enterprises, for . 250 crore. The two plots of land in sector-144 of Noida have permissions to build IT parks under the IT park scheme of Noida and the buyer can build close to 2.5-3 million sq ft of office space on each of the two plots, said two persons close to the development.]]></description>
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            <title><![CDATA[PEs in rush to sign secondary deals , Healthcare and real estate witness largest deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13221</link>
			<source>Business Standard</source>
			<pubDate>Tue, 14 Feb 2012 06:26:51 +0530</pubDate>
			<description><![CDATA[Business Standard- Private equity (PE) companies, whose investments have been stuck for four-five years due to lack of viable exit routes, are in a rush to sell stakes to peers. High valuations and a tough initial public offer (IPO) market saw 2011 witnessing the largest secondary transactions in the domestic PE space. This year, the space has witnessed two major transactions worth $200 million, when Olympus Capital and General Atlantic bought stakes in Indian firms through the secondary route.]]></description>
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            <title><![CDATA[The Impact Of IT / ITES On Real Estate In Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13220</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 14 Feb 2012 06:26:04 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The Information Technology sector has a special significance for India, because India&#039;s competence in this sector has made it a net exporter of IT services. It was the fastest growing sector of the nineties and continues to fast-track careers, spending power, local economies and real estate growth even today.]]></description>
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            <title><![CDATA[Eldeco launches integrated township in Jalandhar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13219</link>
			<source>Business Standard</source>
			<pubDate>Tue, 14 Feb 2012 06:25:12 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developers Eldeco is coming with the 85-acre residential township in Jalandhar, which the company claims to be the first planned integrated township in the city. The project is second by Eldeco Group in Punjab. The proposed township is going to offer a range of housing options like built-up villas, low-rise floors, plots, and high-end apartments. This township will also offer plots for shopping facility, schools, in a secure and well-maintained environment. All this will be set amidst wide roads; broad walks, parks and play areas for children.]]></description>
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            <title><![CDATA[DLF&#039;s Aman Hotel sale may go into 2012-13]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13218</link>
			<source>Business Standard</source>
			<pubDate>Tue, 14 Feb 2012 06:24:37 +0530</pubDate>
			<description><![CDATA[Business Standard- The much-awaited sale of the Aman Hotel chain may spill over to the next financial year. DLF, the country’s largest real estate company by market capitalisation, was trying to sell its stake in the Aman properties, excluding the group’s Delhi hotel, in 2011-12 to cut its debt. However, in an analysts’ call after its third quarter financial results, DLF indicated the sale of its non-core assets in the hospitality sector could also take place in 2012-13. Expected to fetch the cash-strapped company nearly Rs 2,000 crore, the Aman deal has been in the market place since last June.]]></description>
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            <title><![CDATA[DLF to launch 450-acre township]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13217</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 14 Feb 2012 06:23:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country&#039;s largest realty firm DLF is understood to have earmarked an investment of Rs 8,000 crore to develop a 450-acre integrated township at Gurgaon within 2-3 years. The proposed township - DLF Garden City - will be spread over sectors 86, 87, 90, 91 and 92 (new Gurgaon), and will comprise of group housing, commercial and plotted development.]]></description>
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            <title><![CDATA[Parsvnath Developers Q3 net profit down 28%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13216</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 14 Feb 2012 06:23:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate major Parsvnath Developers today reported a 28 per cent decline in net profit to Rs 22.54 crore for the quarter ended December 31, 2011. The company had posted a net profit of Rs 31.37 crore for the same quarter last fiscal. Its total revenue, however, increased to Rs 239.62 crore in the quarter under review from Rs 224.35 crore in the year-ago period, a rise of 6.8 per cent.]]></description>
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            <title><![CDATA[Housing disputes top consumer court list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13215</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 14 Feb 2012 06:22:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Since its inception in 1997, court has handled 5,290 cases, 2,019 among these were property disputes. Residents are knocking the door of District Consumer Disputes Redressal Forum, Panchkula, mostly for settling housing disputes. After the establishment of the Forum, in 1997 the highest number of complaints received pertained to the various housing disputes.]]></description>
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            <title><![CDATA[Property sale on Metro routes may be taxed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13214</link>
			<source>The Times of India</source>
			<pubDate>Mon, 13 Feb 2012 06:50:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Buying and renting property along Metro corridors could soon become costlier with the Centre asking the Delhi government to impose a dedicated tax or levies on such transactions. This has been proposed in the light of market value of such property skyrocketing on the back of Metro connectivity. The levy may also be imposed on additional floor area ratio (FAR) permitted by city authorities along the Metro stretches. It was also decided that Delhi government will set up a dedicated transport fund at the state level in consultation with the Union urban development ministry.]]></description>
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            <title><![CDATA[Housing Slump Hurdle in Fed Efforts ,Impediments to mortgage lending blunt US central bank’s effort to spur economic growth, says Fed chairman Bernanke]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13213</link>
			<source>Bloomberg</source>
			<pubDate>Mon, 13 Feb 2012 06:50:04 +0530</pubDate>
			<description><![CDATA[Bloomberg- Federal Reserve Chairman Ben S. Bernanke said the central bank’s efforts to spur economic growth are being blunted by impediments to mortgage lending, and he called for further steps to heal the housing market. “We have helped lower mortgage rates to the lowest point in many, many decades,” Bernanke told homebuilders in Orlando. “Yet we are not seeing as much activity as we would like to see.”]]></description>
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            <title><![CDATA[DLF Hopes to Raise . 3k Cr from Sale of Aman Resorts &amp; Wind Energy Arm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13212</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 13 Feb 2012 06:49:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s largest real estate developer, DLF Ltd, said it is banking on the sale of Aman Resorts and wind energy venture to significantly reduce its . 22,758-crore debt. DLF aims to raise . 6,000-7,000 crore from the sales of its noncore assets. “We believe that . 12,000 crore of the debt is self-financing, linked to our annuity assets. This does not worry us. It’s the rest of the debt that is a worry, but if three to four large asset sales happen over the next two quarters, a chunk of the debt can be reduced,” said Ashok Tyagi, group chief finance officer at DLF.]]></description>
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            <title><![CDATA[Robbing Yamuna&#039;s riches: Farmhouses eat up 30km of Nodia floodplain area set aside for agriculture after mafia move in]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13211</link>
			<source>Daily Mail</source>
			<pubDate>Mon, 13 Feb 2012 06:48:32 +0530</pubDate>
			<description><![CDATA[Daily Mail- There is a new Noida coming up, full of farmhouses served by well-lit concrete roads. But homebuyers beware. This settlement is illegal, as it sits on land that is part of the Yamuna River&#039;s floodplains. The land mafia has usurped hundreds and thousands of acres of land on the Yamuna&#039;s floodplains in blatant violation of rules that govern the land-use in these zones.]]></description>
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            <title><![CDATA[Godrej Properties to raise Rs 600 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13210</link>
			<source>Business Standard</source>
			<pubDate>Mon, 13 Feb 2012 06:47:04 +0530</pubDate>
			<description><![CDATA[Business Standard- Godrej Properties Limited, the real estate arm of the Godrej Group, is planning to raise Rs 500-600 crore through the institutional placement programme (IPP). The move is aimed at reducing its outstanding debt, which is around Rs 2,000 crore. Pursuant to the Securities and Exchange Board of India (Sebi)’s mandate that companies in which promoters have more than 75 per cent of the total shares have to bring it down to 75 per cent, the promoters of Godrej Properties are planning to dilute their stake from the current around 84 per cent to 75 per cent through the IPP, according to Pirojsha Godrej, executive director of Godrej Properties.]]></description>
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            <title><![CDATA[Budget 2012: Real estate sector remains optimistic and looks forward to reforms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13209</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 13 Feb 2012 06:46:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- While the 2011-12 budget offered a mixed bag to the realty sector, developers believe that very little was extended to them and customers and not enough steps were taken to improve the significance of the housing sector. &quot;Even today the Indian real estate sector has been facing its problems like slowing economy, delay in decision-making process, and hike in interest rates,&quot; says Dhaval Ajmera, Director of Ajmera Realty &amp; Infra India.]]></description>
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            <title><![CDATA[Sluggish real estate sales pull profit down]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13208</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 13 Feb 2012 06:45:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Real estate companies, which used to traditionally enjoy robust net profits have seen significant decline in its profits during the December quarter due to sluggish sales, high interest rates and rising raw material costs. Consolidated net profits of DLF, the country’s largest developer, plunged 44.5 per cent from a year-ago period to Rs 358.35 crore while its sales fell 17 per cent to Rs 2034 crore.]]></description>
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            <title><![CDATA[Puravankara plans 17 mn sq ft of projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13207</link>
			<source>Business Standard</source>
			<pubDate>Mon, 13 Feb 2012 06:44:38 +0530</pubDate>
			<description><![CDATA[Business Standard- Puravankara Projects, the Bangalore-based publicly-eld realtor, is looking to roll out 17 million square feet of residential projects in the near future. The company which focuses as much as 95 per cent on residential projects said that approvals for these projects are in the pipeline and they hope to have them in place in 12-18 months time. The company which posted a net profit growth of 14 per cent to Rs 32 crore for the third quarter of FY12 as compared to the corresponding previous quarter said that though the macro-situation is tough, the demand for housing has been good in Bangalore and other South Indian states, a market on which Puravankara focuses on.]]></description>
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            <title><![CDATA[Emaar MGF created 10 firms to usurp prime land: CBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13206</link>
			<source>Business Standard</source>
			<pubDate>Mon, 13 Feb 2012 06:44:00 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty firm Emaar-MGF (EMLL) had allegedly created 10 companies in the name of its employees on directions of its managing director to usurp prime land being developed near Hyderabad, causing loss to a state-run firm, the Central Bureau of Investigation (CBI) has said in its chargesheet. By an agreement dated January 29, 2005, about 100 villa plots under the Andhra Pradesh Industrial Infrastru-cture Corporation were to be sold at the market rates and it was the responsibility of EMLL to fix these. However, the company did not take any action in this regard.]]></description>
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            <title><![CDATA[A home rental exchange , Public sector could be a catalyst in developing the housing market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13205</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:43:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- INDIA is rapidly urbanising. Her urban population has reached 37.71 crore in 2011, growing by more than 31% each in the last two decades, or growing annually by 3.1%. Now, 31.16% Indians live in urban areas, though this is comparatively low considering China has 45% and Brazil 87% of the population living in urban conglomerations. India, however, expects the urban population to reach close to 600 million by 2031. The last two decades saw the number of cities and towns grew to 7,935 from 4,615 in 1991. In another 20 years, India will have 87 large cities, or metropolises with a population of 1 million-plus, from 53 in 2011.]]></description>
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            <title><![CDATA[DB Realty Q3 net down at Rs 12 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13204</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:41:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- DB Realty Ltd today reported a sharp decline in consolidated net profit at Rs 11.73 crore in the third quarter ended December 2011 from Rs 108.69 crore in the same period last year, as it said rising input costs and interest rates have adversely affected the key sector. Net sales also stood lower at Rs 104.80 crore in the quarter under review as compared to Rs 273.25 crore in the same period last year, the realty firm said in a release here.]]></description>
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            <title><![CDATA[Games flats: DDA told to start completion certificate process]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13203</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:40:54 +0530</pubDate>
			<description><![CDATA[The Financial Express- The process of issuing tower-wise completion certificates to the 34 apartment towers at the Commonwealth Games Village is set to start soon. Sources in the Lieutenant Governor’s office on Friday said: “We have issued orders to DDA to start the process of issuing tower-wise completion certificates. They should not delay the process any further.”]]></description>
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            <title><![CDATA[Reclaim land in 43 illegal colonies, Govt tells DDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13202</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:40:03 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi government on Friday said it had asked Delhi Development Authority (DDA) and other government agencies to reclaim their land in 43 unauthorised colonies whose provisional regularisation certificates were cancelled following a probe. Confirming this, a senior official said Chief Secretary P K Tripathi would write to the agencies to reclaim the land. “All land-owning agencies have been told to take possession of the land in 43 unauthorised colonies whose PRCs (provisional regularisation certificates) were cancelled,” a senior official said.]]></description>
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            <title><![CDATA[Perennial demand for holiday homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13201</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:39:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- The demand for holiday homes in India is as wired into the country&#039;s overall economic performance as every other segment of residential real estate. That said, it is also remarkably enduring; this has a lot to do with the justified Indian belief that two homes are always better than one, and that the second one should provide what the first one cannot. In India, there are insurmountable limitations on available space and therefore affordable home sizes in the most aspired-for first home locations - those as close to the business districts and workplace hubs as possible. The price tags on residential properties in these locations are extremely steep and the lifestyle quotient low in most cases, especially in cities like Mumbai, Delhi and Bangalore.]]></description>
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            <title><![CDATA[Houses too can be built in factories]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13200</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:38:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- The National Urban Housing and Habitat Policy 2007 of the Ministry of Housing and Urban Poverty Alleviation, rightly recognises the massive housing shortage, pegged at around 25 million dwelling units. It is also clear that most of this shortage lies in the low- and middle-income segments, where the affordability is limited and the demand is huge. The question that has been staring at our face for the last several decades is how to address this challenge.]]></description>
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            <title><![CDATA[Delhi govt distributes low cost flats ahead of civic polls]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13199</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 13 Feb 2012 06:37:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- With an eye on MCD polls slated for March, Delhi Government finally starts the allotment of around 2,200 low cost flats to industrial workers in the city on Friday. In the first batch, a total of 115 industrial workers were given allotment letters of flats built at Narela area of North West Delhi, at a function attended by Chief Minister Sheila Dikshit. Each beneficiary will have to pay around Rs 1.6 lakh to the government as cost of flat having 16.1 metre of carpet area. The government has made arrangements with a number of banks to provide loan to facilitate loans to the beneficiaries.]]></description>
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            <title><![CDATA[Godrej Properties to raise Rs 500-600 crore to reduce debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13198</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 11 Feb 2012 08:20:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties Ltd, the real estate arm of the Godrej Group, plans to raise Rs 500-600 crore through the institutional placement programme (IPP) soon to reduce its debt burden and is also looking at private equity investors, a senior company official said on Friday. Speaking to reporters here, executive director Pirojsha Godrej said: &quot;The company is planning to raise Rs.500-600 crore from IPP this quarter or next. This will reduce our debt which is currently at Rs.2,000 crore.&quot;]]></description>
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            <title><![CDATA[LLPs offer a great way to buy property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13197</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:19:28 +0530</pubDate>
			<description><![CDATA[The Times of India- Here&#039;s a new trend in realty shopping. Form a limited liability partnership (LLP), pool money, use that to buy land parcels and then partner with a developer to develop built-to-suit residential projects. This model gives handsome discounts while buying and earns a profit when surplus inventory (property) is offloaded. It also provides tax advantages. The LLP model defines the rights of the members and no one person gets singled out because of the liability emerging from the company. Hence, risks are spread out evenly. Any two or more persons with an intention to carry out lawful business for profit can form an LLP.]]></description>
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            <title><![CDATA[IMT IN FARIDABAD]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13196</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:18:26 +0530</pubDate>
			<description><![CDATA[The Times of India- The Haryana state industrial corporation is developing a third industrial model township in Faridabad. A K TIWARY reports Encouraged by the spurt in new worldclass projects, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is developing a third industrial model township (IMT) in Faridabad. It will be over 1,750 acres. The project is expected to capitalize on the opportunities to be thrown up by the Delhi-Mumbai Industrial Corridor being developed along the dedicated freight corridor alignment. The Delhi-Mumbai Industrial Corridor (DMIC) is being established by the central government in collaboration with Japan.]]></description>
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            <title><![CDATA[NEW FARIDABAD CLIMBING THE CHARTS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13195</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:16:43 +0530</pubDate>
			<description><![CDATA[The Times of India- New Faridabad is turning into a preferred destination for industries, IT companies, corporate bodies and government departments, says PUNITA. Only 25km from Delhi, the newly developed Faridabad, or New Faridabad, is turning into a preferred destination for industries, IT companies, corporate bodies and government departments.]]></description>
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            <title><![CDATA[NEHARPAR IS A GOOD BET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13194</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:15:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Neharpar is in early stages of infrastructure development and connectivity is improving. Once these facilities are in place, it will be on a par with other major realty hotspots in the NCR. The Neharpar region in Faridabad was incorporated into the master plan of Faridabad in 2004-05, under the city&#039;s new Master Plan. With an area of nearly 3,000 acres, it covers Sectors 70 to 91. Still in its early stages of development, the area has a mix of residential and commercial property. With multistorey apartments, plots, villas and townships, a large number of options are available in the residential category in Neharpar.]]></description>
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            <title><![CDATA[KUNDLI-SONIPAT-PANIPAT: THE MONEY-SPINNERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13193</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:13:55 +0530</pubDate>
			<description><![CDATA[The Times of India- The rapid development of KMP Expressway has acted as a catalyst in transforming the realty scene in the Kundli-Sonipat-Panipat belt, says A K TIWARY. Property in Kundli, Sonipat and Panipat is a money-spinning affair, as it offers options in all segments of realty like residential, commercial and industrial. The rapid development of KMP (Kundli-Manesar-Palwal) Expressway has acted as a catalyst for the progress of these areas. With the fast-paced infrastructure development, Kundli, Sonipat and Panipat are today considered the best investment destinations in NCR.]]></description>
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            <title><![CDATA[ANOTHER GURGAON IN THE MAKING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13192</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:11:52 +0530</pubDate>
			<description><![CDATA[The Times of India- Sonipat-Kundli region has developed so fast in the past few years that some industry observers have already started viewing this region as the next Gurgaon of Haryana. SANJEEV SINHA writes, With realty prices soaring in Delhi in recent years, action is shifting to the suburbs and the satellite towns. Affordable property prices, proximity to the metro city, enhanced infrastructure and the availability of spacious residential and commercial spaces are the key factors driving the growth of these towns and suburbs.]]></description>
			</item><item>
            <title><![CDATA[NEW GURGAON IN FOCUS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13191</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:10:17 +0530</pubDate>
			<description><![CDATA[The Times of India- The latest connectivity projects are pushing up the profile of New Gurgaon, which is offering accommodations to suit the budget and preferences of end users. A K TIWARY writes. With the coming up of expressways, a proposed Metro line and immense growth opportunities, New Gurgaon is offering accommodations to suit the budget and preferences of end users. Developers like DLF, Ansal API, IREO, Unitech, Emaar MGF, Ramprastha, Central Park, Omaxe, Vatika, Ansals, Vipul, Eros, Chintels, Orris, Antriksh, Tata Housing, Essel Group, among others, have launched brand new projects in the developing sectors of New Gurgaon, like Golf Course Road, Sohna Road, Dwarka-Gurgaon Expressway, etc.]]></description>
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            <title><![CDATA[YOUNG BUYERS DRIVE LUXURY MARKET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13190</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:08:49 +0530</pubDate>
			<description><![CDATA[The Times of India- Developers and realtors say that a shift in lifestyle of young professionals and availability of premium facilities in one township are the major factors driving Gurgaon’s luxury residential realty. There is serious end user and investor interest in Gurgaon&#039;s luxury properties. Timely possession and quality construction are the key factors in this growing demand. Developers and realtors believe that a shift in lifestyle of young professionals and availability of premium facilities in one township are the major factors backing this trend.]]></description>
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            <title><![CDATA[LOW-RISE LIVING STILL IN VOGUE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13189</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:07:06 +0530</pubDate>
			<description><![CDATA[The Times of India- Despite the fact that multistorey living has been the mainstay of New Gurgaon, there is enormous scope for those who have a fear or aversion to heights, to live in low-rise units in Gurgaon. Gurgaon probably has the maximum number of highrises in the NCR. But the demand for lowrise living, too, continues unabated. The scope for growth in this segment, too, is high as the Haryana Urban Development Authority (HUDA) has been releasing plotted developments in various sectors over the years.]]></description>
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            <title><![CDATA[RESIDENTIAL DEMAND SOARS IN GURGAON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13188</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:05:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Gurgaon has been the most active real estate investment hub in the NCR. The momentum is maintained because of a variety of reasons. The opening of Delhi Metro&#039;s services was the first development that linked a formerly inaccessible city to the mother city.  The reduced commute time as well as the linkages with all parts of the NCR makes it an attractive destination. The reinforcement of the Metro with the Gurgaon Metro, which is under construction, is expected to give a fillip to price movement.]]></description>
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            <title><![CDATA[DWARKA EXPRESSWAY: TOP RESIDENTIAL DESTINATION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13187</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:04:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Dwarka Expressway is emerging as a top residential destination. Experts believe this area will accord good returns on investments within the next 3-5 years. MAGICBRICKS reports. With the improvement in basic infrastructure, the connectivity and accessibility of Dwarka Expressway has improved dramatically.  Developers across the National Capital Region (NCR) believe that gradually, all the sectors along the expressway will be inhabited and entertainment, transport and recreational facilities will become available in the vicinity.]]></description>
			</item><item>
            <title><![CDATA[MILLENNIUM TRANSACTIONS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13186</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:03:35 +0530</pubDate>
			<description><![CDATA[The Times of India- Gurgaon market is slow - but there is no slowdown or recession. It is plain slow in the overheated areas of Gurgaon. &quot;It is just slow, which is also due to the fact that it&#039;s been very hot in recent past,&quot; says Gurgaon-based real estate consultant Rajat Mahajan; &quot;but recession is not the right word. There is an unabated buying interest — value-for-money properties from smaller developers or properties of bigger developers like DLF, Unitech and Emaar are still selling.&quot; New project launches are in great demand. Projects like Emaar MGF, Puri, and Mahindra Aura are almost sold out or more than 70% inventory has been booked in pre-launch, according to property consultants in the know. Puri&#039;s Diplomatic Greens, it seems, sold pretty fast, due to its location, sample apartment, etc, even though they are charging an average unit price of Rs 6,500 per sq ft.]]></description>
			</item><item>
            <title><![CDATA[MILLENNIUM TRANSACTIONS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13185</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:03:20 +0530</pubDate>
			<description><![CDATA[The Times of India- Gurgaon market is slow - but there is no slowdown or recession. It is plain slow in the overheated areas of Gurgaon. &quot;It is just slow, which is also due to the fact that it&#039;s been very hot in recent past,&quot; says Gurgaon-based real estate consultant Rajat Mahajan; &quot;but recession is not the right word. There is an unabated buying interest — value-for-money properties from smaller developers or properties of bigger developers like DLF, Unitech and Emaar are still selling.&quot; New project launches are in great demand. Projects like Emaar MGF, Puri, and Mahindra Aura are almost sold out or more than 70% inventory has been booked in pre-launch, according to property consultants in the know. Puri&#039;s Diplomatic Greens, it seems, sold pretty fast, due to its location, sample apartment, etc, even though they are charging an average unit price of Rs 6,500 per sq ft.]]></description>
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            <title><![CDATA[REALTY BOOM IN MANESAR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13184</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 08:01:21 +0530</pubDate>
			<description><![CDATA[The Times of India- Once a sleepy village of about 1,000 dwellings units on Delhi-Jaipur Highway (NH-8), Manesar has now transformed into an industrial and commercial hub. With the availability of all basic services like health facilities, schools, a post office, banks, warehouses and cargo facilities, IMT Manesar has seen a massive influx of corporate traders, realty players, manufacturers, industrialists, and also MNCs. Only 32km from the IGI airport and 45km from Connaught Place, Delhi, Manesar is well connected to Delhi and Gurgaon. The real estate market in Manesar has been growing at a frenzied pace ever since several top MNCs moved in here. Rates of commercial properties in Manesar have increased by 35-40% in the last six months. Residential properties in Manesar have also hopped on to the boom bus, and have witnessed an excellent jump of 35-40%.]]></description>
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            <title><![CDATA[INVESTMENT ZONES ON NH-8]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13183</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 07:59:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Investments are pouring into Gurgaon, Manesar, Bawal, Tapukara, Neemrana, Khushkhera, Bhiwadi, Shahjahanpur, Behror and Kotkasim, all along the NH-8. This is expected to put these regions on top of the development chart. Several builders have announced projects along the NH-8, in anticipation of future development along this stretch. Here, some of the developing belts like Dharuhera, Bhiwadi, Neemrana, and Kotkasim are taking advantage of their location; residential projects, educational institutions, healthcare facilities and modern urban infrastructure are the USP of this zone.]]></description>
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            <title><![CDATA[GREEN TOWNSHIPS IN GURGAON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13182</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 07:58:50 +0530</pubDate>
			<description><![CDATA[The Times of India- Builders are now turning their attention on green buildings in a big way after the government unveiled a national rating system for green building design. A K TIWARY writes. Apart from vertical developments, builders are also focusing their projects on green developments. For this, they are getting approval from GRIHA (Green Rating for Integrated Habitat Assessment), in India. Some developers like Ansal API, 3C, Central Park, Chintels Ltd, Earth Infrastructure and Falcon Group have already launched projects in and around Gurgaon, under this system.]]></description>
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            <title><![CDATA[REALTY BEST BET YET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13181</link>
			<source>The Times of India</source>
			<pubDate>Sat, 11 Feb 2012 07:57:36 +0530</pubDate>
			<description><![CDATA[The Times of India- In almost all the markets, prices of residential real estate have appreciated in the last one year and real estate continues to be one of the most vibrant and profitable avenues to invest. PRABHAKAR SINHA writes Real estate continues to be one of the most vibrant and profitable avenues to invest in the country.]]></description>
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            <title><![CDATA[Builders feel investor heat, bite buyback bullet ,Some are funding it from internal accruals, while many want to avoid the put option]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13180</link>
			<source>Business Standard</source>
			<pubDate>Sat, 11 Feb 2012 07:35:32 +0530</pubDate>
			<description><![CDATA[Business Standard- Thursday was a big payday for Deutsche Bank (DB), which ended its tumultuous relationship with the Mumbai-based Lodha Group. For DB, the exit was a windfall — a neat 55 per cent profit in four years.
Such buybacks are rising. Indian real estate saw 14 such private equity (PE) exits, worth $457 million (around Rs 2,285 crore) in 2011. Of these, promoters bought out existing PEs or other financial sponsors in eight deals, according VCCEdge, the research platform of VCCircle.]]></description>
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            <title><![CDATA[Godrej Properties announces first real estate venture in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13179</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 11 Feb 2012 07:33:48 +0530</pubDate>
			<description><![CDATA[The Financial Express- Godrej Properties (GPL), the real estate arm of Godrej Group, today launched its first venture in Chennai, the Rs 450 crore &#039;Godrej Palm Grove&#039;.Pirojsha Godrej, Executive Director, GPL, said 1,556 modern apartments would come up over 12.5 acres along NH-4 Bengaluru Highway ranging from 1,188 sq.ft to 1,489 sq.ft. Armed with a pre-certified Gold rating by the Indian Green Building Council, each apartment will cost &quot;roughly&quot; between Rs 50-60 lakh, he told a press conference here.]]></description>
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            <title><![CDATA[Adani gr to divest holding in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13178</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 11 Feb 2012 07:32:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- Adani Enterprises Ltd (AEL), the flagship company of the Adani group, on Thursday announced to divest its holding in the real estate business, which is largely spread in the property markets of Ahmedabad and Mumbai. The company felt that the exit from the real-estate business will help it focus its time and energies on its core business of coal mining, ports and power generation. Adani is already in the process of developing a Rs 5,000-crore integrated township located on the corridor between Ahmedabad and Gandhinagar.]]></description>
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            <title><![CDATA[Bungalows cry for space here, slums for water]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13177</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 11 Feb 2012 07:31:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- From posh bungalows on Malabar Hill to cramped buildings on Grant Road, from sprawling slums in Tardeo to the beachfront of Marine Drive, and the quaint Khotachiwadi, D Ward is known to be the ward of contrasts. D ward consists of three regions — western, eastern and central— and each region has its own specific problems. The western part of the ward covers Peddar Road, Napean Sea Road, Malabar Hill and parts of Tardeo, eastern part has Khetwadi, parts of Kamathipura and Grant Road and the central part consists of Kotachiwadi, Prarthana Samaj and parts of Girgaum. The ward is spread across an area of 8.03 sq km and has a population of 3.79 lakh.]]></description>
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            <title><![CDATA[DLF Profit Plunges 44.6% to . 258 Crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13176</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 11 Feb 2012 07:30:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- The country’s biggest real estate company DLF has said its consolidated net profit for the third quarter fell 44.6% and cautioned that it would take another few quarters for it to regain full momentum. Net profit in the quarter ended December 31, 2011 fell to . 258 crore from . 466 crore a year ago. Net sales for the company dropped to . 2,396 crore from . 2,594 crore.]]></description>
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            <title><![CDATA[Noida Goes Vertical -Limited land availability has forced developers to plan 150-200 metre-high skyscrapers as a part of vertical development in this fast developing city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13175</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 10 Feb 2012 07:43:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the coming of 200-300 storey skyscrapers like Supertech&#039;s Supernova, North Eye and Assotech&#039;s Celeste Tower, etc, Noida will once again cement its place in real estate market. It will also be shown as preferred location for real estate innovations and quality products. The limited land availability has forced developers to plan 150-200 metre-high skyscrapers as a part of vertical development in one of the fastest developing cities in the NCR. On the top of that, there has been significant change in tastes and preferences of buyers.]]></description>
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            <title><![CDATA[Gurgaon, A Magnet For Developers -Planned development and favourable tax policies of the government have made Gurgaon a haven for developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13174</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 10 Feb 2012 07:41:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- Gurgaon is close to the Indira Gandhi International Airport and boasts of good connectivity to all the other cities in the NCR, as well as to cities in Rajasthan, Haryana and Punjab. This has given a fillip to the development of Gurgaon as the most prominent outsourcing and off-shoring hubs in the country. In fact, leading auto companies like Maruti Suzuki and Hero Honda set up their manufacturing base in the city only because of the high potential and ample land space to accommodate their huge plants. &quot;The area along the NPR (National Peripheral Region) holds a great potential in terms of investment due to its proximity to the airport and Delhi, and of course,its excellent connectivity.]]></description>
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            <title><![CDATA[Gurgaon plans big for 2025]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13173</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 10 Feb 2012 07:37:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Cyber city Gurgaon was developed as one of the prime locations for real estate and industrial activity in the NCR. While the residential and the commercial development are there for all to see, the industrial development is not far too behind. In the last ten years, the Cyber city has had a number of MNCs, real estate companies and factories opening their offices here. This has led to a rapid growth in real estate in the city. And today, it has emerged as a major residential, commercial and retail hub.]]></description>
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            <title><![CDATA[Defying slowdown, building hopes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13172</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 10 Feb 2012 07:36:22 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- For most lenders (read banks), home loans are like the poster child, emblematic of their intent to contribute to the nation’s socio-economic well-being. And why not? Home loans are expected to touch Rs6.10 lakh crore by March-end 2012, up 15% from Rs5.29 lakh crore at March-end 2011 (`4.49 lakh crore at March-end 2010). But, here comes a twist: the poster child has been showing signs of a slowdown in the last few months. Twist II: Not many in the industry are willing to acknowledge the current slowdown. And the final, improbable twist: Everyone is bullish that in spite of the slowdown - okay, there it is, the tacit acknowledgment - home loans will still notch up a healthy growth rate.]]></description>
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            <title><![CDATA[Tata Sons to infuse Rs 500 cr in realty arm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13171</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 10 Feb 2012 07:35:27 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Tata Sons will invest Rs 500 crore as fresh equity into its real estate subsidiary Tata Housing Development Company. The infusion will effectively triple its paid-up equity capital and reserves that now stand at close to Rs 250 crore. “We believe this company can be the largest conglomerate backed real estate player. Hence, we are putting money into the company,” said a director on the board of Tata Sons.]]></description>
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            <title><![CDATA[Deutsche Bank gains Rs 900 cr from its investment in Lodha Dev]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13170</link>
			<source>Press Trust of India</source>
			<pubDate>Fri, 10 Feb 2012 07:34:42 +0530</pubDate>
			<description><![CDATA[Press Trust of India- In one of the largest and most profitable investment for any FDI in Indian real estate, Deutsche Bank gained over Rs 900 crore from its investment made in 2007-2008 in the city-based real estate player Lodha Developers. Lodha Developers through its subsidiary Cowtown Land Development has provided complete exit to Deutsche Bank. The Bank has been paid a total of Rs 2,542 crore, following its investment of Rs 1,640 crore made in late 2007. The gain of over Rs 900 crore is one of the largest and most profitable investment for any FDI in Indian real estate, Lodha Group managing director Abhishek Lodha told PTI here.]]></description>
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            <title><![CDATA[Radiance buys 4 acre for Rs 80 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13169</link>
			<source>Business Standard</source>
			<pubDate>Fri, 10 Feb 2012 07:33:22 +0530</pubDate>
			<description><![CDATA[Business Standard- In what may be touted as one of the largest real estate deals in Chennai, Radiance Realty Developers India Limited has acquired around four acre near the city for around Rs 80 crore. The land, which was the site of UK-based motorcycle manufacturer Royal Enfield’s flagship factory in India, has been acquired from infrastructure equipment and engines maker Greaves Cotton Limited, according to sources close to the development.]]></description>
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            <title><![CDATA[Deutsche Bank exits Lodha investment ,Mumbai realtor buys back with internal cash, raises fresh funds of Rs 825 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13168</link>
			<source>Business Standard</source>
			<pubDate>Fri, 10 Feb 2012 07:32:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Deutsche Bank has logged a major gain before it exited a four-year-old investment in a Lodha group firm for Rs 2,542 crore, by making a neat profit of 55 per cent or Rs 902 crore ($180 million). It was in September 2007 that the German bank invested Rs 1,640 crore by subscribing to the compulsorily convertible debentures (CCDs) of Lodha’s subsidiary, Cowtown Land Development Ltd. The bank has now fully exited the investment it had made in the company, by selling the stake to the property developer.]]></description>
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            <title><![CDATA[Sahara launches construction JV with Turner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13167</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:31:09 +0530</pubDate>
			<description><![CDATA[The Financial Express- Privately held conglomerate Sahara India and U.S.-based Turner Construction Co have formed a construction joint venture that plans to build projects worth $25 billion over 20 years in India, the companies said on Thursday. Sahara, with assets of $26 billion, has global interests in finance, infrastructure and real estate, hospitality and media and entertainment. Turner, a subsidiary of German construction group Hochtief, builds about $8 billion worth of projects every year.]]></description>
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            <title><![CDATA[Case stalls low-cost housing project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13166</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:30:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- After the cancellation of the DB Realty project to build low-cost houses for the poor, the Pimpri-Chinchwad New Town Development Authority (PCNTDA) had in October 2011 taken upon itself to construct 5,040 homes under the Basic Services to Urban Poor (BSUP), and 2,750 homes for the Middle Income Group (MIG) and High Income Group (HIG). However, the township project is yet to start as a case regarding the cancellation by DB Conwood and Man Infrastructure is pending in the high court.]]></description>
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            <title><![CDATA[Noble Thamburaj planned to relax FSI on last day in office]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13165</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:29:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- As the CBI continues its probe into Lieutenant General Noble Thamburaj’s alleged role into an out-of-court settlement regarding a plot in cantonment area, another case throws light on how he, on his last day in the office of GOC-in-C, Southern Command, proposed an increase in FSI. Activists claim that the move was “out of the GOC-in-C’s powers”. The decision was opposed not only by civic activists, but also by the Principal Director Defence Estates (PDDE). It was only when the subsequent GOC-in-C took over the office that the proposal was cancelled.]]></description>
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            <title><![CDATA[Office space saw high vacancy last quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13164</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:28:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the commercial market being hit by a slump after being on a high for the past two years, office space across Mumbai have recorded high vacancy levels in the last quarter of 2011. The impact has been felt most in Lower Parel, which witnessed a 42 per cent vacancy in this period. According to the latest office market report released by CB Richard Ellis (CBRE), with companies putting their expansion plans on hold, several transactions for office space in the fast-emerging commercial market of Lower Parel could not be closed. As a result, occupancy levels remained low.]]></description>
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            <title><![CDATA[Punjab softens stand on UT periphery properties’ case]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13163</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:27:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- Finally, the Punjab government has decided that it will not oppose if the investigation of the case pertaining to alleged illegal properties owned by various high-ups in the periphery of Chandigarh is handed over to a special (judicial) Tribunal. The State has decided to convey to the Punjab and Haryana High Court that though there is no “need” for a Judicial tribunal to probe the case, it is not “averse” to the transfer of investigation to a judicial tribunal, if the High Court decides so.]]></description>
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            <title><![CDATA[Congestion, builders’ disinterest stall redevelopment projects here]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13162</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 10 Feb 2012 07:26:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Being one of the most densely populated wards in the city, the E ward — comprising Byculla, Mazgaon, Reay Road and Kamathipura areas among others — displays the worst possible congestion and lack of sanitation. Having the highest number of decades-old slum and chawl settlements made up of old, dilapidated and cessed structures closely packed against each other, lack of redevelopment projects is the biggest concern for lakhs of people living here. As against the city’s average population density of 26,722 persons per sq km, E ward (spread over 7.32 sq km) has 59,538 people living in the same area, second only to C ward’s average of over 90,000 people.]]></description>
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            <title><![CDATA[Standard Chartered Bank lends Rs 250 crore to Bangalore realty firm, DivyaSree Developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13161</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 09 Feb 2012 07:51:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- Standard Chartered Bank has lent 250 crore of construction loan to DivyaSree Developers for developing a mixed used project in Bangalore, said more than one person with direct knowledge of the development. The mixed-use residential project, DivyaSree Technopolis, is being built on the Old Airport Road in Bangalore.]]></description>
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            <title><![CDATA[Indians in Singapore Lured to Property Back Home by Rupee’s Drop]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13160</link>
			<source>Bloomberg</source>
			<pubDate>Thu, 09 Feb 2012 07:49:57 +0530</pubDate>
			<description><![CDATA[Bloomberg- Housing Development Finance Corp., India’s largest mortgage lender and the organizer of the annual Singapore home fair, said the number of developers participating rose 26 percent over last year, while there were 27 percent more attendees. Among those taking part were DLF Ltd., Unitech Ltd. and Emaar MGF Land Ltd. HDFC conducts similar fairs in Kuwait, Dubai -- where the next is scheduled for April -- and in London.]]></description>
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            <title><![CDATA[For home loans, now pay a bigger pie of property value]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13159</link>
			<source>The Times of India</source>
			<pubDate>Thu, 09 Feb 2012 07:48:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Prospective home loan seekers will now have to shell out 25% to 30% of the value of a property as against 20% until now with the Reserve Bank of India asking banks to exclude stamp duty, registration fee and other levies from total cost. Effectively, this means that the &#039;loan to value&#039; ratio has come down by 5-10% for home loans from what it was earlier.]]></description>
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            <title><![CDATA[New country homes on offer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13158</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 09 Feb 2012 07:46:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Ambuja Realty, a Kolkata-based real estate player had launched Ganga Awas towards the end of 2009 with three types of offerings: Riviera, Hermitage and Gardenia. Three years down the road, the developers have again come up four types of country homes: Plumeria, Frangipani, Ffort Villa and Spa Villa. The location of the new project is similar to Ganga Awas, along the edge of Ganga, about an hour-and-half drive from Kolkata.]]></description>
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            <title><![CDATA[Orchards villa project to come up near Devanahalli]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13157</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 09 Feb 2012 07:45:53 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- North Bangalore is set to witness another landmark development with the announcement of Brigade Group’s Orchards project, a mega integrated project located at Devanahalli. The project, which set to be developed in five years, is an addition to the Bangalore’s growing list of villa projects. Brigade Orchards is a completely integrated and inclusive enclave spread over 100 acres, comprising luxury villas, value homes and premium apartments.]]></description>
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            <title><![CDATA[Isha Homes launches Mia Villas off OMR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13156</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 09 Feb 2012 07:45:08 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Isha Homes, a fast upcoming city-based property developer that offers high-end villas in gated communities, has now launched Isha Mia, a residential project with 106 independent villas, located close to Kelambakkam, off OMR, Chennai’s IT Corridor. The constructed area in the new project is ranging between 1,939 sq ft and 3,059 sq ft with a starting price of Rs 1 crore.]]></description>
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            <title><![CDATA[Opportunity knocks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13155</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 09 Feb 2012 07:44:22 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Private equity (PE) investors, who had virtually shut the door for real estate players two years ago, are slowly walking back into the sector, amid prospects of lucrative returns and a minor drop in risk perception, especially in residential projects. As usual, PE investors are overtly cautious and investments in the sector are happening at a rather slow pace. A slew of PE deals that were concluded in last couple of months have turned out to be a big confidence booster for the sector.]]></description>
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            <title><![CDATA[Ramky Estates charts Rs 1,700 cr expansion in south]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13154</link>
			<source>Business Standard</source>
			<pubDate>Thu, 09 Feb 2012 07:43:30 +0530</pubDate>
			<description><![CDATA[Business Standard- Hyderabad-based Ramky Estates and Farms Limited (REFL), the real estate and property development arm of the over Rs 3,000-crore Ramky Group, is investing Rs 1,700 crore in various projects encompassing a built-up area of 5 million sft down south, even as it is looking at entering newer markets like eastern India during the next financial year.]]></description>
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            <title><![CDATA[Omaxe Q3 net profit down 14%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13153</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 09 Feb 2012 07:42:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Omaxe today reported 14 per cent decline in consolidated net profit at Rs 19.31 crore for the third quarter ended December 31, against Rs 22.57 crore in the year-ago period because of lower margins. Its consolidated income grew 30 per cent at Rs 451.81 crore, as against Rs 347.97 crore during Q3, 2010-11.]]></description>
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            <title><![CDATA[Express exclusive: Did builder sell you plot he doesn&#039;t own?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13152</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 09 Feb 2012 07:41:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- Here&#039;s a scam warning for those who have recently bought plots and apartments from private property developers. The dream home you own, or the plot on which you aim to build it, may have been sold to you by people who do not even own it.]]></description>
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            <title><![CDATA[No decision on Commonwealth Games Village flats FAR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13151</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 09 Feb 2012 07:38:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- The debate over excess floor area ratio (FAR) of Commonwealth Games Village flats did not reach conclusion during the meeting called by the Urban Development ministry on Tuesday. Senior officials of Delhi Development Authority and project developer Emaar MGF were part of the meeting, called after the Delhi High Court ordered the authorities concerned should meet and decide over the issue.]]></description>
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            <title><![CDATA[Godrej launches residential project in Mangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13150</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 08 Feb 2012 08:46:42 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mumbai-based real estate developer Godrej Properties Ltd has announced the launch of its new residential project in Mangalore. The 499-apartment Godrej Alpine is likely to be ready for occupation in 36 months, according to Mr Pirojsha Godrej, Executive Director of Godrej Properties Ltd. Addressing presspersons here on Tuesday, Mr Godrej said that there is good demand for quality residential project in Mangalore. Godrej Alpine will offer a modern and contemporary lifestyle in a green and natural environment, he said.]]></description>
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            <title><![CDATA[Agni Property draws up $10-m expansion plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13149</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 08 Feb 2012 08:45:34 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Property broking major Agni Property has announced a total investment of $10 million in 2012. “Private equity firms such as Helion Venture Capital and Foundation Capital have already invested $ 4 million in the company. They will, on the whole, invest $10 million in expanding its operations in 2012,”said Mr Samarjeet Singh, founder of Agni Property.]]></description>
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            <title><![CDATA[Slowdown in commercial property market: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13148</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 08 Feb 2012 08:43:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- After a sharp growth for about two years, the commercial property market in the country witnessed a slowdown in the last quarter of 2011, as sentiments were hit by tight liquidity and uncertain demand conditions, says a survey. In its Q4 2011 Commercial Property Survey, RICS said that expectations for both investment and demand have been downgraded.]]></description>
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            <title><![CDATA[AMR Infrastructure to invest Rs 1,200 crore on township at Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13147</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 08 Feb 2012 08:41:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm AMR Infrastructure today said it is developing an integrated township at Greater Noida with an investment of Rs 1,200 crore. &quot;The 25-acre project includes IT office space, residential units and a shopping mall. The shopping area will be a kind of adventure sports mall, where over 45 kinds of activities will be offered,&quot; AMR Infrastructure Managing Director Kapil Aggarwal told.]]></description>
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            <title><![CDATA[Hooda to develop Gurgaon, Faridabad, Sonepat in NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13146</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 08 Feb 2012 08:40:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Haryana government plans to develop towns like Gurgaon, Faridabad, Bahadurgarh and Sonepat at par with New Delhi under its sub-regional plan of the National Capital Region (NCR). Chief Minister Bhupinder Singh Hooda announced this on Monday at the second meeting of the National Development Council (NDC) Sub-Committee on Urbanisation. “The Haryana government accords high priority to urban development and as such, the budget provision for urban sector has been increased from Rs 4,434 crore in 2010-11 to Rs 6,917 crore in 2011-12,” Hooda said.]]></description>
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            <title><![CDATA[HC cancels bail of real estate developer for duping investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13145</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 08 Feb 2012 08:38:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi High Court has cancelled the bail granted to a real estate developer for &quot;misusing&quot; his bail by continuing to dupe investors and making false claims instead of refunding their money. A bench of Justice M L Mehta cancelled the bail of S N Sharma, who was facing trial for offences of cheating, criminal breach of trust and criminal conspiracy, saying he did not comply with the trial court&#039;s order to refund the money to investors.]]></description>
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            <title><![CDATA[Unauthorised colonies regularisation: Delhi govt to rely on satellite images]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13144</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 08 Feb 2012 08:34:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Under attack after a high-level probe found gross irregularities in issuance of provisional regularisation certificates, the Delhi government has decided to only rely on satellite images to verify prescribed built up areas of over 1,200 settlements to regularise them. Following allegations of irregularities, the government decided not to go by reports of MCD on built up areas in unauthorised colonies which were issued provisional regularisation certificates (PRCs) in 2008 and instead asked Survey of India to provide satellite images of the colonies.]]></description>
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            <title><![CDATA[Land sharks swallow Noida floodplain, Usurped Land Being Sold At Premium To Unsuspecting Buyers Near NH24]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13143</link>
			<source>The Times of India</source>
			<pubDate>Tue, 07 Feb 2012 07:04:23 +0530</pubDate>
			<description><![CDATA[The Times of India- With the administrative machinery preoccupied with the upcoming Assembly elections, land sharks in Gautam Budh Nagar district are making the most of the situation. Thousands of acres of fertile land in the floodplains of the Hindon are being usurped by the land mafia and sold to “unsuspecting” buyers for constructing houses. Despite repeated complaints from environmentalists, the district administration hasn’t taken steps to check the rampant encroachment.]]></description>
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            <title><![CDATA[Companies averse to buying, renting space in central business district due to high costs &amp; poor quality]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13142</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 07 Feb 2012 07:00:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Famed and feted for its sales prowess, India&#039;s top consumer goods company, Hindustan Unilever, appears to be struggling to close one deal - for about two years, it has failed to find a buyer for an iconic building it owns in South Mumbai. When the Indian arm of Anglo-Dutch Unilever shifted its office to a new campus-style facility in the suburbs of Andheri in January 2010, it had hoped to sell its 46-year-old headquarters - Lever House - in the Backbay Reclamation Area near Churchgate.]]></description>
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            <title><![CDATA[Kotak Realty Fund Invests R80Cr In Orris Infrastructure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13141</link>
			<source>The Hindu</source>
			<pubDate>Tue, 07 Feb 2012 06:58:20 +0530</pubDate>
			<description><![CDATA[The Hindu- Kotak Realty Fund is investing R80Cr in Gurgaon based Orris Infrastructure for it&#039;s group housing project. According to Bar&amp;Bench, the investment is by way of subscription to secured OCCPS issued by Orris Infrastructure. The tenor of the debentures is 45 months from the date of issue. The investment is through an escrow mechanism devised for this purpose. The other security includes mortgage over the land comprising the group-housing project as well as personal guarantee of promoters.]]></description>
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            <title><![CDATA[Retailers return to standalone stores, shun malls]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13140</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 07 Feb 2012 06:57:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- Faced with delays in completion, poor quality of property and dicey locations, retailers are returning to stand-alone stores, according to a top analyst. This trend isn&#039;t restricted to Mumbai alone, says Ashutosh Limaye, Head - Research and Real Estate Intelligence Service, Jones Lang LaSalle India. He says that in Mumbai itself several mid-size offices and mixed-use buildings are being redeveloped into stand-alone retail formats.]]></description>
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            <title><![CDATA[Assotech sells 49% stake in Gurgaon project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13139</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 07 Feb 2012 06:56:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developer Assotech today said it will raise Rs 75 crore from private equity firm Sun-Apollo India Real Estate Fund by selling 49 per cent stake in a housing project in Gurgaon. &quot;We will divest 49 per cent stake in a project to Sun-Apollo to raise Rs 75 crore. This investment is only for a specific group housing project in Gurgaon,&quot; Assotech Managing Director Sanjeev Srivastava said.]]></description>
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            <title><![CDATA[Delhi Master Plan: Public views to be put online]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13138</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 07 Feb 2012 06:55:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- After the Delhi Development Authority (DDA) asked the public for opinion on Master Plan 2021, around 70 per cent of the shopkeepers in areas like Karol Bagh, Gaffar Market, Gurdwara Road, etc., have filed similar suggestions under the Master Plan review-2021. The suggestions mainly pertain to flexibility the height restriction and increase in Floor Area Ratio (FAR) in these areas. Shopkeepers feel that making similar demands will help put more pressure on authorities to pass their suggestions. Several shopkeepers from South Extension too have adopted this strategy.]]></description>
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            <title><![CDATA[Master plan aims to make Chandigarh slum-free]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13137</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 07 Feb 2012 06:54:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- In order to make Chandigarh a slum-free city, the Chandigarh Administration has proposed to make it “mandatory for all private houses and industrial plots of one kanal and above, who engage servants or labour to make available suitable accommodation for them within their premises”. This has been stated by the Chandigarh Administration in its voluminous report submitted to the Punjab and Haryana High Court. The 177 page report was submitted to the High Court last week during the resumed hearing of a public interest litigation (PIL) seeking directions to Administration to prepare a master plan for the city.]]></description>
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            <title><![CDATA[Panel for equal property rights among couples,Applicable To Live-In Partners Too]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13136</link>
			<source>The Times of India</source>
			<pubDate>Mon, 06 Feb 2012 08:06:02 +0530</pubDate>
			<description><![CDATA[The Times of India- A high-level government panel has suggested that all movable and immovable assets acquired by a married couple or a couple living together be classified as joint property, to be divided equitably in case of separation or desertion. The Planning Commission’s working group on Women’s Agency and Empowerment wants a comprehensive legislation — ‘Right to Marital Property Act’ — to be brought in, which would be applicable to all communities.]]></description>
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            <title><![CDATA[Day two of DNA&#039;s redevelopment conference to delve deeper]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13135</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 06 Feb 2012 08:00:29 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- On Sunday, the second part of the redevelopment conference, organised by DNA Property, will elaborate on the finer aspects of redevelopment. A session will be held at 9.30am at the NSE Grounds, Goregaon, and speakers from respective fields give lectures and then take questions on the same. The event is organised along with Maharashtra Societies Welfare Association (MSWA), keeping in mind the fact that redevelopment is the only way to address all needs that a vibrant city needs. It will deal with crucial issues that stall most redevelopment projects initially, such as conveyance. The issue will be taken up by Ramesh Prabhu of MSWA.]]></description>
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            <title><![CDATA[Lodha ventures into mall development in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13134</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 06 Feb 2012 07:59:35 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Riding the prospects of opening up of retail sector for foreign players, Lodha group, a leading developer of luxury homaes in Mumbai, has decided to venture into mall development. The move comes at a time when real estate consultancies point to a glut of retail-focused real estate across the country. “In the next six to eight months, we will announce our entry into the retail space as we plan to develop malls within Mumbai,” Abhisheck Lodha, managing director, told Financial Chronicle. The diversification is in the design phase at present.]]></description>
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            <title><![CDATA[Investment opportunities in housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13133</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 06 Feb 2012 07:58:41 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- ArthVeda will invest only in greenfield housing projects in the middle-income segment in Tier-II and Tier-III cities. ArthVeda, the fund management arm of Deewan Housing Finance, has launched its second realty fund — ArthVeda STAR. Targeting middle-income housing in Tier-II and Tier-III cities, this fund hopes to provide improved disclosures to its investors compared with other private equity or venture capital funds.]]></description>
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            <title><![CDATA[NRI investments in property set to grow with better market conditions]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13132</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 06 Feb 2012 07:49:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- An estimated 30 million NRIs, living in 130 countries, are sending remittances back home regularly. According to the World Bank, India continues to retain the top slot in remittances by expatriates from abroad. India will beat China in receiving the highest amount of remittances for five consecutive years. For 2011, NRI remittances are likely to touch 4 58 billion against China&#039;s 4 57 billion. In 2010, India received 4 54 billion in foreign exchange remittances , three percent of India&#039;s GDP, beating China&#039;s 4 53 billion.]]></description>
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            <title><![CDATA[Middle East eyes Gujarat’s realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13131</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 06 Feb 2012 07:46:55 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Investors of the United Arab Emirates (UAE) and some other countries of the Middle East, such as Oman and Jordan, are believed to be interested in investing in Gujarat’s real estate market. This is the perception of realtors from the state who were part of the 61-member delegation of Confederation of Real Estate Developers Associations of India (Credai), Gujarat Chapter, which recently visited several countries in the Middle East.]]></description>
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            <title><![CDATA[Reserve Bank puts new clamp on home loans -Industry fears order to lenders to exclude stamp duty and other registration charges may hit market further]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13130</link>
			<source>Business Standard</source>
			<pubDate>Mon, 06 Feb 2012 07:45:24 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India’s latest notification to banks, to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance could lead to a further decline in home sales in the lower and medium segments, say developers and consultants. The notification effectively means home buyers would have to arrange for more funds on their own, as banks will not lend for these charges any more. “Home loan borrowers are already stretched…Property prices are high, interest rates have peaked , stamp duty and registrations are high in many states and job markets are also not that great. I think buyers of homes in the Rs 20-70 lakh bracket will get hit further and sales in this segment could fall by a further five to 10 per cent,” said Sanjay Dutt, chief executive, Jones Lang LaSalle, a property consultant.]]></description>
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            <title><![CDATA[Memoirs of a real estate tycoon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13129</link>
			<source>Business Standard</source>
			<pubDate>Mon, 06 Feb 2012 07:43:58 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF, the joke went, stood for Damn Lucky Fellow. Not without reason: its chairman, Kushal Pal Singh, has had five close brushes with death in his 81 years. Also because Singh is a rare phenomenon — a billionaire businessman from the Jat community. You will find his kinsmen as agriculturists, wrestlers and boxers, soldiers, bus drivers in Delhi Transport Corporation, cops on Delhi streets — but never in high business. Singh remains till date the only Jat to have ever made it to the Forbes’ List of Billionaires, a list dominated by Gujaratis, Marwaris and Banias.]]></description>
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            <title><![CDATA[A&#039;bad realtors take celeb path to push up sales]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13128</link>
			<source>Business Standard</source>
			<pubDate>Mon, 06 Feb 2012 07:42:23 +0530</pubDate>
			<description><![CDATA[Business Standard- Furthering their innovation in launching projects, Ahmedabad-based real estate developers are now banking on celebrities. With formidable names like Amitabh Bachchan, Hema Malini, Juhi Chawla, Bappi Lahri and Darsheel Safary being roped in for launching projects, developers hope to push sales amidst slowdown in business. For instance, city-based Om Realty Group had invited to Juhi Chawla and Bappi Lahri for the launch of their residential scheme &#039;Nastaniya&#039; on the outskirts of Ahmedabad.]]></description>
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            <title><![CDATA[Ahmedabad, the new ‘real’ hotspot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13127</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 06 Feb 2012 07:40:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- For real estate companies, Ahmedabad has turned out to be a proverbial goose that lays the golden eggs. Property prices across the city have doubled since 2010. While Godrej Properties, which got a major chunk of its revenue in the last quarter from just one project here, is reaping the benefits of being the first-mover among the real-estate bigwigs, others like the Hiranandanis, the Ajmeras, the Tatas and the Adanis too have established their bases in Ahmedabad over the last couple of years.]]></description>
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            <title><![CDATA[Fresh air makes for healthy buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13126</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 06 Feb 2012 07:38:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hong Kong’s new government headquarters costing $670 million was effected by a fatal bacterial disease causing many people to fall ill. The bacteria spread through tiny water droplets circulating in buildings, and was found in 11 locations in the complex, including the offices of the chief executive and the chiefs of seven departments, in addition to three food facilities.]]></description>
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            <title><![CDATA[MANESAR ON THE PATH OF STEADY REAL ESTATE DEVELOPMENT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13125</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:23:13 +0530</pubDate>
			<description><![CDATA[The Times of India- A number of developers have started rolling out residential projects in Manesar, which has so far been an industrial hub. Manesar is strategically located on the intersection of NH-8 and the forthcoming Kundli-Manesar-Palwal (KMP) expressway. An area once considered a village, Manesar has undergone a paradigm shift from being a backward area to a commercial and industrial centre, especially after the development of the Industrial Model Township-Manesar.]]></description>
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            <title><![CDATA[DHARUHERA: THE NEXT BIG SATELLITE CITY IN THE NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13124</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:22:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Business and commercial firms are eyeing Dharuhera as a future industrial and warehousing hub owing to its proximity to the KMP. Dharuhera, which is an industrial town, is expected to be the next residential destination by market sources. Located on NH-8 in Rewari district, Dharuhera is on a 30-minute drive from Gurgaon and is 40 minutes from the IGI airport. It has the makings of the next big satellite city in the region, and is attracting a number of prominent developers.]]></description>
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            <title><![CDATA[SONIPAT-KUNDLI TO SEE MAJOR DEVELOPMENTS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13123</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:21:02 +0530</pubDate>
			<description><![CDATA[The Times of India- The abundance of IT hubs, residential groups and world-class amenities surrounding the NCR is shifting growth to small towns like Sonipat, Kundli, Manesar, Dharuhera, among others. Delhi and the National Capital Region (NCR) have evolved over the past few years and the development will grow beyond the Gurgaon, Noida and Faridabad market.]]></description>
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            <title><![CDATA[KMP EXPRESSWAY: EMERGING HOTSPOT FOR REAL ESTATE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13122</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:19:52 +0530</pubDate>
			<description><![CDATA[The Times of India- The KMP (Kundli-Manesar-Palwal) Expressway is one of the most significant transport corridors in the NCR (National Capital Region) and is expected to boost the prospects of real estate on the corridor significantly. The Kundli-Manesar-Palwal (KMP) Expressway will improve connectivity to a number of areas in northern, western and southern parts of the NCR. It will provide connectivity to developing areas like Kundli, Sonipat, Manesar, Gurgaon, Faridabad and Palwal. Several leading developers like Parsvanath, TDI and Ansal API have projects under construction along this corridor.]]></description>
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            <title><![CDATA[RATES RISE IN GURGAON ’S GROWTH CORRIDORS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13121</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:18:53 +0530</pubDate>
			<description><![CDATA[The Times of India- A large number of projects under construction, improved infrastructure, and the Metro connectivity in Gurgaon have driven prices up in Dwarka Expressway, Golf Course Extension Road and Sohna Road. The capital investments in locations like Dwarka Expressway, Golf Course Extension Road and Sohna Road has brought about a rise in land values in Gurgaon.]]></description>
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            <title><![CDATA[NEW EXPRESSWAY WILL BOOST GURGAON REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13120</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:17:52 +0530</pubDate>
			<description><![CDATA[The Times of India- The much-awaited Northern Peripheral Road, also referred to as the Dwarka-Gurgaon Expressway, will not only act as a catalyst to Gurgaon’s growth, but will also ease the pressure on NH-8. Gurgaon isn&#039;t mushrooming anymore, it is literally exploding. Visit any part of Gurgaon today, and you can see construction activity at a pace that is nothing short of frenetic.]]></description>
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            <title><![CDATA[HOTTEST REAL ESTATE DESTINATION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13119</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:16:38 +0530</pubDate>
			<description><![CDATA[The Times of India- According to a new Master Plan, the proposed Dwarka-Gurgaon Link Expressway will reach Delhi near Dwarka Phase II, the site of a new diplomatic enclave, and connect the current Metro corridor running parallel to the road. Once this project is complete, the area will become one of the hottest real estate zones in New Gurgaon. Dwarka-Gurgaon Link Expressway is being promoted as the next and hottest real estate destinations. This prime location of New Gurgaon makes the developing area as one of the most soughtafter destination for the rapidly growing residential, commercial and retail needs. Today, rates in Dwarka-Gurgaon Expressway have almost doubled, from over Rs 2,500 per sq ft to over Rs 5,000 per sq ft.]]></description>
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            <title><![CDATA[CYBER CITY TO BE DIGITIZED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13118</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:15:35 +0530</pubDate>
			<description><![CDATA[The Times of India- Satellite imagery of Gurgaon will be ready in 2012. The project of preparing satellite imageries of the entire Gurgaon district will also be completed this year. Earlier the deadline was end-March, but the work is still on and it will be ready by the year end. This will have many benefits. Surinder Kumar of the department of land resources says: &quot;Currently, the revenue records are not in a good shape. But, now, we are creating maps by satellite imagery, which will all be digitized. This will be linked to information on ownership of each and every land parcel, sale-purchase, acquisition, and all this information will be available at the click of a mouse. We will host the completed base map on our portal shortly.&quot;]]></description>
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            <title><![CDATA[GURGAON, A MAGNET FOR DEVELOPERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13117</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:14:30 +0530</pubDate>
			<description><![CDATA[The Times of India- A report says that about 200 million sq ft of space is required for various real estate development projects in the NCR. And, within the NCR, Gurgaon leads all the other cities in the demand for space for residential, office, retail, and hospitality sectors. Gurgaon is close to the Indira Gandhi International Airport and boasts of good connectivity to all the other cities in the NCR, as well as to cities in Rajasthan, Haryana and Punjab.]]></description>
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            <title><![CDATA[GURGAON PLANS BIG FOR 2025]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13116</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:13:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Cyber city Gurgaon was developed as one of the prime locations for real estate and industrial activity in the NCR. While the residential and the commercial development are there for all to see, the industrial development is not far too behind. In the last ten years, the Cyber city has had a number of MNCs, real estate companies and factories opening their offices here. This has led to a rapid growth in real estate in the city.]]></description>
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            <title><![CDATA[GOOD CONNECTIVITY DRIVING PRICES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13115</link>
			<source>The Times of India</source>
			<pubDate>Sat, 04 Feb 2012 07:12:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Gurgaon is the hottest real estate destination in the National Capital Region of Delhi. In the last one year, while the global economies, including that of India, have been in the grip of a slowdown, the prices of residential real estate have gone up by 30% to 60% here. With the proposed construction of around 15km-long Dwarka-Gurgaon Expressway and the development of infrastructure along the Golf Course Extension Road and Sohna Road, the township has been swamped by a flurry of construction activities. In fact, these areas provide good opportunities to buy houses as the prices are still not very high in comparison to the prevailing prices in the nearby areas.]]></description>
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            <title><![CDATA[Israel’s co-ops optimise use of land, say Gujarat developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13114</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 04 Feb 2012 07:11:38 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The Confederation of Real Estate Developers Associations of India (Credai), Gujarat organised a seven-day technical tour for its members in mid-January. The 60-member delegation, that included developers from Ahmedabad, Mehsana, Rajkot, Surat, Palanpur, Navsari, Unjha, Bharuch and other centres, visited Israel, Jordan and Oman. The developers visited various construction sites in the three countries for exchange of technologies and also gained knowledge of cooperative model for housing and farming followed in Israel.]]></description>
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            <title><![CDATA[RBI directs banks not to overstate value of house property for loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13113</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 04 Feb 2012 07:10:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- Stating that banks have been found overstating value of houses they finance by adopting practices like including stamp duty and other charges in the cost, the RBI today directed lenders to refrain from such practices. &quot;It has been brought to our notice that banks adopt different practices for deciding the value of the house property while sanctioning housing loans.]]></description>
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            <title><![CDATA[The rich Indian deconstructed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13112</link>
			<source>Financial Chronicle</source>
			<pubDate>Sat, 04 Feb 2012 07:10:02 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Rich Indians have for some years been buying property abroad. “The trend has grown stronger since the global financial crisis, thanks to which property prices in most western markets have flattened out,” says Ashish Khetan, head of family office at Kotak Wealth Management, arguably one of the oldest and largest players in this space. The pull factor has only gathered momentum on the back of a weakening rupee, which has led Indian HNIs to look at options of parking wealth.]]></description>
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            <title><![CDATA[Reliance Industries, Indiabulls construction projects under scanner for green norms violation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13111</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 04 Feb 2012 07:08:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- The State Expert Appraisal Committee (SEAC) has picked on two major construction projects for carrying out work without obtaining environment clearance (EC). The projects include the commercial tower-cum-parking lot that is being jointly developed by Reliance Industries and Wadhwa developers at Bandra-Kurla Complex (BKC) and the central library and residential project by Indiabulls group at Kalina. Noting that the developers in both cases have “initiated the construction work without obtaining the prior environmental clearance (EC)”, the SEAC has directed the state environment department to look in to the “violation and take necessary action”.]]></description>
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            <title><![CDATA[Raids on, Ponty group denies any cash haul]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13110</link>
			<source>The Times of India</source>
			<pubDate>Fri, 03 Feb 2012 06:21:10 +0530</pubDate>
			<description><![CDATA[The Times of India- A day after income-tax sleuths raided liquor baron and industrialist Ponty Chaddha, his firm Wave Infratech denied reports that taxmen had seized Rs 100 crore in currency notes from a vault in the basement of Noida’s Centerstage Mall, one of several businesses owned by him. The denial came even as the I-T department continued searches of Chaddha’s premises on the second day on Thursday. The last team of the I-T department left Centerstage Mall around 3 pm on Thursday.]]></description>
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            <title><![CDATA[Give property with clear title]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13109</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 03 Feb 2012 06:20:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- All those who own properties must ensure that they leave behind clear titles so that their children or heirs do not suffer. Realty experts say that it is wrong to believe that a large number of people sitting on properties worth a fortune in the capital redevelop their properties to earn more.]]></description>
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            <title><![CDATA[Take Online Help in Your House Hunt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13108</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 03 Feb 2012 06:17:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- There is always dispute about the role of a stock broker, a financial advisor or even an insurance agent. But very few doubt the necessity of a good real estate agent — especially when it comes to buying a house. Many people, it seems, find the entire process — the homework, legwork, studying the market, legal hassles, making the right decisions — a tad too much to handle. However, things are changing slowly. After online banking, e booking of flight and train tickets, the e-bug has spread its tentacles to the real estate industry as well.]]></description>
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            <title><![CDATA[Vertical unlimited]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13107</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 03 Feb 2012 06:16:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- In Mumbai, ogling at a skyscraper and counting the number of floors with glee is still a popular game played by spellbound visitors. The city, the mecca of real estate in India, is undergoing a massive construction boom, with hundreds of skyscrapers all set to pop up. Residential towers in the city are rising beyond a whopping 100 floors and have continued their eternal search for clouds. But living in towers is nothing new to the city.]]></description>
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            <title><![CDATA[Jalahalli, still a green haven]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13106</link>
			<source>Deccan Herald</source>
			<pubDate>Fri, 03 Feb 2012 06:16:17 +0530</pubDate>
			<description><![CDATA[Deccan Herald- Bangalore has some beautiful sectors and one of them is a wonderful pocket called Jalahalli between NH 7 and NH 4, which is basically the Tumkur and Bellary highways. Located in the northern quadrant of Bangalore, it is by far one of the greenest areas to live in right now. It is split into Jalahalli East and Jalahalli West. What connects the two areas is Gangamma Circle which also brings together Jalahalli Village and Cross.]]></description>
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            <title><![CDATA[Pune land scam: CBI raids former vice-chief of Army]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13105</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 07:10:54 +0530</pubDate>
			<description><![CDATA[The Financial Express- The CBI on Tuesday raided the residences of former vice-chief of army staff Lt Gen (retd) Noble Thamburaj and former defence estates officer (DEO) of Pune circle S R Nayyar, and the office of Kalpataru Builders in connection with alleged irregularities in the development of defence land in Pune cantonment.]]></description>
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            <title><![CDATA[For congested areas, Chandigarh Administration has medium-rise building plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13104</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 07:09:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- In what can change the character of the City Beautiful, the Chandigarh Administration has planned to “redevelop” congested areas as medium-rise in place of low-rise. The decision has been taken keeping in view a recent communication sent by the Ministry of Urban Development. “In view of the population pressure and increasing density, it may not be possible for entire city to remain low rise. The Committee may like to identify those areas in the city which are in dilapidated condition and require renewal. Such areas may be re-developed as medium-rise, medium-density without compromising the overall architectural character of the city.]]></description>
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            <title><![CDATA[Dharavi: Govt issues detailed notification]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13103</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 07:08:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- The state government has issued the notification that paves the way for Maharashtra Housing and Area Development Authority (MHADA) or any other public authority to take up the ambitious and much-delayed redevelopment of one or more of the five sectors of Dharavi. It was just hours before the election code of conduct came into force on January 3 that Chief Minister Prithviraj Chavan announced the government’s decision to start the long-delayed Rs 15,000-crore Dharavi Redevelopment Project (DRP).]]></description>
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            <title><![CDATA[Octogenarian moves HC against AAI eviction notice]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13102</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 07:07:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- An octogenarian, who claims to own land estimated to be worth Rs 2,000 crore adjoining the Chhatrapati Shivaji International Airport in Sahar, has moved the Bombay High Court challenging a showcause notice issued by the Airport Authority of India (AAI). The AAI initiated action to evict Edward Machado (82) from the seven acres he claims to possess.]]></description>
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            <title><![CDATA[Builders&#039; association calls for withdrawal of new DC rules]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13101</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 07:06:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Builders Association of India (BAI) today called for the withdrawal of the new Development Control Rules (DC Rules), saying that they discriminate against the suburbs with regard to redevelopment norms. &quot;The new DC rules would hamper and render any development work of smaller size plots impossible in view of the huge open space requirement,&quot; BAI Honorary Treasurer Anand Gupta said.]]></description>
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            <title><![CDATA[Where has Tata Housing (Camelot) project ‘violated law’, HC asks petitioner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13100</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 02 Feb 2012 06:59:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- Making it clear that “visions do not make laws”, the Punjab and Haryana High Court today tested the “bonafides” of the petitioner who has challenged the much-debated Tata Camelot housing project coming up in Kansal. The High Court also questioned D S Patwalia, counsel for the petitioner, Aalok Jagga as to why the scope of the petition has been narrowed down to Punjab and why the violations done by Haryana in the periphery have not been objected to. Observing that the petitioner is “skating on thin ice”, the division bench comprising Chief Justice Ranjan Gogoi and Justice Mahesh Grover questioned what the “illegality” is in the proposed Camelot project construction.]]></description>
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            <title><![CDATA[Emaar case: CBI files chargesheet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13099</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 02 Feb 2012 06:56:16 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Central Bureau of Investigation on Wednesday added serving IAS officer Mr L.V. Subrahmanyam and former IAS officer and present Chief Executive Officer of NCC Infra, Mr K.V. Rao, in the list of 12 accused in the Emaar properties case. “We filed a 300-page chargesheet supported by 50,000 documents after examining 286 witnesses,” Mr V.V. Lakshmi Narayana, Joint Director, CBI, told newspersons after filing the chargesheet in a special court here.]]></description>
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            <title><![CDATA[French hospitality chain Accor to expand in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13098</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 02 Feb 2012 06:55:22 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- French hospitality major Accor, which handles diverse brands such as Novotel, Mercure, Ibis and Formula One, is upbeat on the country’s convention business and is on course to expand its portfolio of convention centres. It is in the process of rolling out more brands from its portfolio such as Ibis and Formula One in markets where they are not present now.]]></description>
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            <title><![CDATA[Lending rates may fall before RBI&#039;s rate cut, says SBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13097</link>
			<source>Business Standard</source>
			<pubDate>Thu, 02 Feb 2012 06:54:28 +0530</pubDate>
			<description><![CDATA[Business Standard- State Bank of India (SBI), the country’s largest lender, said interest rates may ease before the central bank reduces the policy rates, as higher rates have started hurting the industry. “Rates are high and obviously it is hurting the industry. We are all hoping for that (lending rates to fall). In the long term, one of the things that will make industry viable and investment come back is to have lower lending rates,” Diwakar Gupta, managing director and chief financial officer of SBI, said on Wednesday.]]></description>
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            <title><![CDATA[Cement prices set to rise by Rs 8-10 a bag]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13096</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 01 Feb 2012 06:18:14 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Real estate developers and infrastructure companies reeling under high debt loads will soon witness their construction costs escalating as cement companies are contemplating a price increase of Rs 8-10 per 50 kg bag as early as February, counting on a revival in demand and as a buffer against escalating input costs.]]></description>
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            <title><![CDATA[Policy row may delay private equity exit in real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13095</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 01 Feb 2012 06:17:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- Up to $5 billion worth of private equity funds, which had invested in real estate over the last five to six years and had planned an exit this year, now find themselves caught in a policy row between the Reserve Bank of India and the government. Six out of every 10 private equity deals in the real estate sector have put and call options built into them.]]></description>
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            <title><![CDATA[Acharya&#039;s arrest is latest in Emaar&#039;s JV hiccups in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13094</link>
			<source>Business Standard</source>
			<pubDate>Wed, 01 Feb 2012 06:16:40 +0530</pubDate>
			<description><![CDATA[Business Standard- Controversy is nothing new for Emaar Properties. Dubai’s leading real estate group has hit the headlines afresh with the arrest of Andhra Pradesh principal secretary (home), B P Acharya, in connection with a Hyderabad upmarket housing project, Boulder Hills, jointly promoted by Emaar-MGF and Andhra Pradesh Industrial Infrastructure Corporation (APIIC). Among earlier instances where the joint venture (JV) faced rough weather are over its Common-wealth Games housing project in Delhi, approval issues for some residential plans, regulatory hurdles in its proposed IPO, scrapped plans, late delivery of projects and the probe into the alleged Andhra land scam by various investigative agencies. The buzz over a break-up in the partnership between Emaar and MGF has also been a constant over the years.]]></description>
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            <title><![CDATA[UT blames Punjab for periphery mess]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13093</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:15:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Squarely blaming Punjab government for the ramshackle construction in the periphery, the Chandigarh Administration has said that the “decision of Punjab to develop the north of the city is insensitive to the city’s concept”. The Chandigarh Administration minced no words in its detailed reply to a public interest litigation while attacking the Punjab government first for allowing and then regularising unauthorised construction in the city’s periphery.]]></description>
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            <title><![CDATA[Land for Tata Camelot is a controlled area: UT to HC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13092</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:14:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- To prove that the land in Kansal, on which the much controversial Tata Camelot Housing Project is to come up, is a “controlled area”, the Chandigarh Administration has produced a copy of the notification issued by the Punjab government in 1953, which declares a portion of land in Kansal a “controlled area”. The notification has been produced in the Punjab and Haryana High Court by the UT Administration to firmly refute the claim by Tata Housing, wherein the developer had contended that the project land was never notified as “controlled area”.]]></description>
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            <title><![CDATA[Cooperative housing body fined for ‘charging excess interest’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13091</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:13:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- The District Consumer Disputes Redressal Forum, Panchkula has penalised Haryana State Cooperative Housing Federation Limited (HSCHFL) for causing mental agony to an Ambala resident who had availed loan from a cooperative housing society. The court has also directed the Managing Director of HSCHFL; the Assistant Registrar, Cooperative Society Limited Naraingarh, Ambala and Shiv Cooperative House Building Society Limited (SCHBSL) Raipur Viran, Naraingarh, to withdraw all demand notices issued against the complainant, Gurbax Singh.]]></description>
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            <title><![CDATA[More houses, shops in DDA budget]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13090</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:12:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- With a focus on providing more housing in the city, Delhi Development Authority’s (DDA) budget estimates (BE) for the financial year 2012-13 has hiked fund allocation for construction of houses and shops by a whopping 101.44 per cent in comparison to last year. Other areas for which the fund allocation has been increased is development of land, which was raised by 43.47 per cent, and development of infrastructure, transportation, etc., which has been increased by 30.35 per cent.]]></description>
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            <title><![CDATA[Sameer Gaur, Jaypee Group MD, 3 others booked for razing temple]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13089</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:11:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Two days after a temple in Nangla Nangli village in Noida was allegedly demolished by officials of the Jaypee Group, the police registered cases against against Sameer Gaur, MD Jaypree Infratech Limited, and three senior officials of the company—Ashok Khera, Dilbag Singh and Mangal Singh. According to the complaint filed by Vijay Chauhan, a village resident, four senior officials of the Jaypee Group came to the temple on Friday night, confined and beat up two priests and razed the temple using a JCB vehicle.]]></description>
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            <title><![CDATA[&#039;Luxury home prices plunge in Mumbai&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13088</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 01 Feb 2012 06:11:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- The high-end residential market in the country’s financial capital has witnessed the steepest fall in prices in a survey of global cities over the last one year even though average property prices in the city continue to be considered unreasonably high. According to the prime global cities index by property consultants Knight Frank that tracks luxury residential trends in 23 key global cities, the Mumbai luxury market has registered the maximum dip at 18 per cent.]]></description>
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            <title><![CDATA[The Future of CITIES ,Smaller Cities can Show the Way]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13087</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 31 Jan 2012 06:34:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- With tree-lined streets, ancient buildings, a vibrant culture and clean environment, Mysore is one of the most aesthetically pleasing cities to live in India. For similar reasons, it is also one of the fastest growing, as IT companies go in search of more satisfying environments to base their operations. Having seen neighbouring Bangalore’s explosive growth, Mysore is trying to build its infrastructure sustainably as it grows. It has several sustainable initiatives, but the city got an unexpected ally to move in an unexpected direction: a British firm looking for opportunities in the low-carbon market. The UK consulting firm Atkins is among the large number of companies around the world now eyeing the $800-billion low-carbon market, which is expected to treble over the next decade.]]></description>
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            <title><![CDATA[Housing prices projects mixed trend]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13086</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 31 Jan 2012 06:30:28 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- At a time of slowdown in real estate development, housing prices have more than doubled in three cities of Chennai, Faridabad and Bhopal in four years. A National Housing Bank report released on Monday said three other cities Jaipur, Hyderabad and Bengaluru recorded fall in prices residential properties.]]></description>
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            <title><![CDATA[Acharya in CBI net, at last]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13085</link>
			<source>The Times of India</source>
			<pubDate>Tue, 31 Jan 2012 06:21:46 +0530</pubDate>
			<description><![CDATA[The Times of India- He had been expecting this for long. So when two days before the mandatory deadline of filing the chargesheet in the Emaar case where he is accused No 1, principal secretary (home) B P Acharya was called for questioning to the CBI office, the 1983 batch IAS officer knew that he could be arrested. After reaching the CBI makeshift office at Dilkusha guest house on Raj Bhavan Road around 11 am when the officer was told that he could send his car back, Acharya knew that the inevitable was close at hand.]]></description>
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            <title><![CDATA[What the Emaar scam is all about]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13084</link>
			<source>The Times of India</source>
			<pubDate>Tue, 31 Jan 2012 06:20:46 +0530</pubDate>
			<description><![CDATA[The Times of India- On the orders of the AP High Court following a petition filed by Congress MLA P Shankar Rao, the CBI filed an FIR on August 17, 2011, against BP Acharya, directors of Emaar Properties, Dubai, Emaar Hills Township Pvt Ltd, Emaar-MGF Land Pvt Ltd, directors of Stylish Homes real Estate Pvt Ltd, unknown public servants of AP government, and others and charged them with criminal conspiracy, cheating, criminal breach of trust, showing forged documents as genuine under the Prevention of Corruption Act.]]></description>
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            <title><![CDATA[IMAX plans 17 India theatres by 2013]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13083</link>
			<source>Press Trust of India</source>
			<pubDate>Tue, 31 Jan 2012 06:19:27 +0530</pubDate>
			<description><![CDATA[Press Trust of India- Leading global entertainment company IMAX Corporation plans to have as many as 17 theatres in India by next year, up from three now and will soon begin talks with Indian film producers to purchase the rights of Bollywood films for conversion into its own high-tech format. Canada-based. IMAX Corporation CEO Rich Gelfond told PTI here on the sidelines of the just-concluded World Economic Forum summit that India is one market where the company has been slow to move forward so far, but things have begun to change now.]]></description>
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            <title><![CDATA[Lavasa case hearing deferred till March 17]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13082</link>
			<source>The Times of India</source>
			<pubDate>Tue, 31 Jan 2012 06:18:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Chief judicial magistrate (CJM) N T Ghadge on Monday deferred the hearing against Lavasa Corporation and 15 others in a criminal complaint filed by Maharashtra Pollution Control Board (MPCB) alleging environment violations till March 17. Nine Lavasa officials filed a plea for seeking personal exemption for not remaining present before the court through their lawyers which was considered by the court.]]></description>
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            <title><![CDATA[LIC Housing net rises 43%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13081</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 31 Jan 2012 06:18:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- On the back of a Rs 80 crore write-back, LIC Housing Finance on Monday reported a 43.19 per cent rise in net profit to Rs 305.69 for the quarter ended December 31, 2011. In the same period last year, the housing finance arm of the insurer, Life Insurance Corporation of India (LIC), reported a net profit of 213.49 crore.]]></description>
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            <title><![CDATA[Time ripe for financial institutions to invest in housing: Selja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13080</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 31 Jan 2012 06:17:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- Minister of Housing and Urban Poverty Alleviation Kumari Selja today said time was appropriate for the banking sector and other financial insitutions to play a greater role, along with the government, to provide affordable housing to the poor. Delivering the keynote address here at an international seminar on &quot;Growth and stability in Affordable Housing Markets&quot;, Selja said there has been a steady growth in the housing finance companies in India who are serving as dedicated outlets for the housing credit delivery.]]></description>
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            <title><![CDATA[Affordable housing hit by land policies: Parekh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13079</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 31 Jan 2012 06:16:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Faulty land policies are preventing development of affordable houses in urban areas, which are likely to witness huge demand for residential premises in the times to come, HDFC Chairman Deepak Parekh said today. &quot;In India land policies have created distortions that have led to inordinate high prices in many key metro cities, Parekh said while addressing a National Housing Bank (NHB) Conference here.]]></description>
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            <title><![CDATA[Builders seek tax exemption for affordable housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13078</link>
			<source>Business Standard</source>
			<pubDate>Mon, 30 Jan 2012 06:26:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The real estate industry wants tax exemption for affordable housing in the 2012-13 Budget. It is also demanding infrastructure status for the housing sector, promotion of rental housing and raising of the home loan tax bar. The previous year&#039;s Budget did not propose any significant step for the housing sector. But this time, the National Real Estate Development Council (Naredco), an association for the industry, is pinning its hopes on infrastructure status for housing. Confederation of Real Estate Developers&#039; Associations of India (Credai), another industry lobby group, is pitching for affordable housing to become tax free.]]></description>
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            <title><![CDATA[New dimension to real estate sector in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13077</link>
			<source>Deccan Herald</source>
			<pubDate>Mon, 30 Jan 2012 06:25:18 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The real estate sector plays a crucial role in the Indian economy. The housing sector alone contributes to 5 per cent to 6 per cent of the country’s GDP. However, with this immense contribution, the real estate sector has always been looked upon as Unorganised sector. To create a bridge of understanding and credibility, an apex body of real estate developers was formed called CREDAI – ‘Voice of the Industry.’ ‘CREDAI’ stands for the Confederation of Real Estate Developers Association of India. It is the apex body for private real estate developers in India.]]></description>
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            <title><![CDATA[Mumbai big-ticket property market sluggish]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13076</link>
			<source>Business Standard</source>
			<pubDate>Mon, 30 Jan 2012 06:23:44 +0530</pubDate>
			<description><![CDATA[Business Standard- An estimated Rs 7,800-crore of big-ticket property deals sought to be put through in this city by companies and government bodies here haven’t been moving forward. Sector insiders and analysts say this is due to combination of slowing property markets and liquidity issues. The companies involved include DLF, Alok Industries, National Textile Corporation (NTC) and Hindustan Unilever (HUL).]]></description>
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            <title><![CDATA[Outlook for real estate firms bleak as debt piles up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13075</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Jan 2012 06:16:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- A small pick-up in sales and a few deals apart, the third quarter does not offer any respite for a dozen listed real estate companies, sitting on an accumulated debt of overR50,000 crore. However, experts remain optimistic on innovative fiscal management measures from the likes of DLF and Unitech when they announce their Q3 results early next month. The two real  state giants account for 60% of the combined debt pile-up of the listed real estate firms.]]></description>
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            <title><![CDATA[India’s SBI to sell UK home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13074</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Jan 2012 06:15:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- India’s largest lender, State Bank of India, is set to enter the UK residential mortgage market in August following the bank’s expansion of its international business last year. SBI came under scrutiny for offering “teaser” home loan rates, which are initially low but then escalate, to domestic customers in 2011, leading the Indian regulator to fear the country might experience a repeat of the US subprime loan crisis.]]></description>
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            <title><![CDATA[Ashiana enters Gujarat housing mkt; ties up 11 acre for proj]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13073</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Jan 2012 06:14:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Ashiana Housing, which focuses on developing homes for elderly people, has entered into an agreement with a land owner to develop a housing project in Gujarat. The Delhi-based company plans to develop up to 500 housing units under the project at Halol in Gujarat at an estimated cost of about Rs 60 crore.]]></description>
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            <title><![CDATA[Suburbia unplugged]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13072</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Jan 2012 06:14:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- While one can safely assume availability of basic services such as water, electricity, roads and sewage system when buying a new home in the fast-growing suburbs in any of the major Indian cities, ‘wired internet access’ is another service that has increasingly becoming inevitable, but is largely unavailable for residents. In the absence of wired internet access, the only available alternative is wireless broadband service. Although wireless access is very useful and enables internet access on-the-move, it is not entirely dependable nor is it meant to replace the wireline broadband connections.]]></description>
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            <title><![CDATA[It all starts with the down payment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13071</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 30 Jan 2012 06:13:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- A dream that most of us nurture when living in a rented accommodation is purchasing our own house. When you cannot provide cash up front, a home loan is the next possible way of making the purchase. Normally, lenders (banks, financial institutions) would require some amount to be paid upfront as a ‘down payment’ because normally banks do not offer a 100 per cent loan. A down payment simply put is the difference between the purchase price of a property and the mortgage loan amount. It underlines the buyer’s commitment to complete the deal and indicates the buyer’s fidelity in making the loan payments.]]></description>
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            <title><![CDATA[Not only one, real estate investors look to own second home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13070</link>
			<source>The Times of India</source>
			<pubDate>Sat, 28 Jan 2012 05:16:10 +0530</pubDate>
			<description><![CDATA[The Times of India- Investment in real estate has seen a change in investors&#039; mindset. Apart from owning a house, people are increasingly looking to buy a second property to earn some investment income out of the property. And, when it comes to buying a house purely from an investment point, choosing the right city or location becomes most important.]]></description>
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            <title><![CDATA[Attracting FDI: Northern States need to catch up with the West]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13069</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 28 Jan 2012 05:15:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Before putting their money into projects, investors — both foreign and domestic — generally look at three factors, namely, political, regulatory and infrastructural.
Of the three, the decisive one is the political aspect, as only political will and vision can result in regulatory reforms, including faster clearances (especially regarding land and environment) to ensure the necessary ease in doing business, as well as in upgrading local infrastructure to global standards.]]></description>
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            <title><![CDATA[Trade body against FDI in multi-brand retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13068</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 28 Jan 2012 05:14:33 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Sattur Chamber of Commerce and Industries has urged the Centre to totally abandon its move to allow foreign direct investment in multi-brand retail trade.
In a letter addressed to the Prime Minister, Dr Manmohan Singh, the chamber secretary, Mr P.T.K.A. Balasubramanian, said all trade associations and opposition parties are totally opposed to the idea of introducing FDI in multi-brand retail trade. As of now, the idea has been postponed and not dropped altogether. Allowing the FDI would tantamount to inviting their domination and domestic traders will lose their stature and employees will lose their livelihood. There is no truth in the assumption that farmers would benefit with its introduction, he further said adding that the move be fully and permanently been given up.]]></description>
			</item><item>
            <title><![CDATA[SMEs favour 100% FDI in single-brand retail: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13067</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 28 Jan 2012 05:13:50 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Small and medium enterprises (SMEs) support 100 per cent foreign direct investment (FDI) in single-brand retail and speedier implementation of 51 per cent FDI in multi-brand retail, says a survey by Confederation of Indian Industry (CII). According to the survey, 52 per cent respondents hope for early implementation of the FDI in multi-brand retail with the required notification. Nearly 66.7 per cent see entry of MNC retailers as an opportunity, while around 21 per cent perceive it as a threat.]]></description>
			</item><item>
            <title><![CDATA[Real estate gets a shot in the arm by pharma]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13066</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Jan 2012 05:13:08 +0530</pubDate>
			<description><![CDATA[Business Standard- Soon after Manhattan-based American major Pfizer announced it was buying Madison-headquartered drug firm Wyeth for $68 billion, German giant Merck agreed to purchase rival Schering-Plough for $41.1 billion. This was 2009, a time when global pharma majors were trying to diversify their range of products to cope with the economic meltdown. It was also the beginning of a phenomenon that has played out fortuitously for Indian real estate companies.Roughly three years after the 2008 global financial crunch, the Indian real estate sector currently is suffocating from yet another slowdown—but this time, it is getting much needed oxygen from a pharma boom in India, thanks to the country’s abundant talent pool, low costs and growing domestic consumption. While technology is a traditional mover of real estate, along with banking and financial sector, it is both the global and domestic pharma companies who have begun expanding aggressively.]]></description>
			</item><item>
            <title><![CDATA[Metro to invest Rs 650 cr in India, eyes 50 stores]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13065</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Jan 2012 05:12:02 +0530</pubDate>
			<description><![CDATA[Business Standard- German wholesale giant Metro Group plans to invest over 100 million euros (about Rs 650 crore) in India as part of strategy to spread footprint across the country.
The cash and carry major that currently has nine stores at six locations in India in Bangalore, Hyderabad, Kolkata, Mumbai, Jalandhar and Ludhiana is eyeing to have 50 stores soon.]]></description>
			</item><item>
            <title><![CDATA[Suspension of FDI in retail just a pause: Sharma to global CEOs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13064</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Jan 2012 05:11:15 +0530</pubDate>
			<description><![CDATA[Business Standard- India today assured global CEOs that its reforms agenda is well on course and the decision to put on hold FDI in multi-brand retail is &quot;just a pause&quot;, forced by compulsions of coalition politics. A firm assurance in this regard was given by Commerce and Industry Minister Anand Sharma when he met top management functionaries of global retail chains Walmart and the Metro Group on the sidelines of the World Economic Forum meeting here.]]></description>
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            <title><![CDATA[IRFC and Hudco collect over Rs 10k cr on Day One]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13063</link>
			<source>Business Standard</source>
			<pubDate>Sat, 28 Jan 2012 05:10:32 +0530</pubDate>
			<description><![CDATA[Business Standard- Tax-free bond issues of Indian Railways Finance Corporation (IRFC) and Housing and Urban Development Corporation (Hudco) saw reasonably good collection on the first day. Both issues made a combined collection of around Rs 10,500 crore, according to lead managers and market participants. IRFC, which has been rated AAA by Fitch, collected around Rs 8,000 crore. Lead managers said the portions for qualified institution buyers (QIB) and high net worth individuals (HNIs) were fully subscribed, while the portion for retail investors did not see much action on the first day. IRFC is raising Rs 3,000 crore, with an over-allotment option Rs 3,300 crore.]]></description>
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            <title><![CDATA[Funding woes to continue for the real estate sector: Care Ratings report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13062</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 28 Jan 2012 05:08:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- Funding woes for the real estate sector is likely to continue, due to dwindling alternate sources of funding and delays in project implementation, said a report released by Care Ratings. The sector has been ridden with problems like slowing demand which is on dual grounds of rising EMI on rising interest rates and high level of inflation and the problem of delay in project implementation is also not helping.]]></description>
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            <title><![CDATA[India&#039;s small and medium enterprises welcome 100% FDI in single-brand retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13061</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 28 Jan 2012 05:07:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- Welcoming the government&#039;s decision to allow 100 per cent foreign direct investment in single-brand retail, India&#039;s small and medium enterprises (SMEs) say the mandatory 30 percent sourcing from micro and small industries will help them achieve higher growth. A Confederation of Indian Industry (CII) survey found that the SME industry, by and large, supported 100 per cent FDI in single-brand retail.]]></description>
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            <title><![CDATA[Mumbai homes sales down 30% in Oct-Dec, at 3-year low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13060</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 28 Jan 2012 05:06:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- Homes sales in Mumbai slipped over 30% in the quarter ended December from a year ago, making it the lowest in three years, says Liases Foras Real Estate Rating &amp; Research.In this period, home prices have gone up 25% and interest rates too have headed north.]]></description>
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            <title><![CDATA[Index of mortgaged properties vital]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13059</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Jan 2012 06:30:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Finance Minister, in his Budget speech for 2011-12,had elaborated on the establishment of a Central Registry. The objective of setting up the Central Registry is to prevent more than one loan being taken from different banks for the same property. This Registry became operational on March 31, 2011.]]></description>
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            <title><![CDATA[Realty in choppy waters]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13058</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Jan 2012 06:29:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Demand for commercial space has declined in the country with a slowdown in economic growth. This clearly suggests that creation of fresh job will take a hit, which, in turn, will impact the demand for residential space. In a report, CB Richard Ellis says that with a weak global economy and slowing of economic growth on the domestic front, the Indian office market is expected to navigate choppy waters for the next few quarters.]]></description>
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            <title><![CDATA[FUTURISTIC TOWNSHIPS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13057</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Jan 2012 06:28:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Move over integrated townships, here come futuristic cities! After all,when almost everything on earth can be made futuristic,including gadgets,technology, design concepts and cars, then why should cities or townships lag behind? No wonder,getting a sense of the present-day problems, as well as having an eye on future living, some real estate developers have now started planning and launching township projects, which they call &#039;futuristic&#039; cities or townships. This is welcome, but the question, however, is - Is the concept of &#039;futuristic&#039; townships really different from that of integrated townships or is it only for the sake of a name change to attract buyers?]]></description>
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            <title><![CDATA[IT IS A GOOD TIME TO BUY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13056</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Jan 2012 06:27:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector is booming for the last one year. Belying apprehensions that the economic slowdown will impact the realty sector in the short to medium term, the residential sector is performing well in all the micromarkets of the national capital region (NCR) of Delhi, so far. Even the RBI&#039;s measure to increase interest rates to contain inflation has not dampened the mood in the sector. The increase in interest rates, however, has led to slowdown in the economy. In the last one year, interest rates went up by around 3 percentage points across the board. Home-loan rates have gone up to 11-12%.]]></description>
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            <title><![CDATA[Not only one, investors look to own second home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13055</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 27 Jan 2012 06:26:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investment in real estate has seen a change in investors&#039; mindset. Apart from owning a house, people are increasingly looking to buy a second property to earn some investment income out of the property. And, when it comes to buying a house purely from an investment point, choosing the right city or location becomes most important. &quot;The focus should be on properties that have potential for assured rental yields and capital appreciation. This includes residential projects close to workplaces and industrial hubs,&quot; says Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India.]]></description>
			</item><item>
            <title><![CDATA[Real estate gets a shot in the arm by pharma]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13054</link>
			<source>Business Standard</source>
			<pubDate>Fri, 27 Jan 2012 06:25:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Soon after Manhattan-based American major Pfizer announced it was buying Madison-headquartered drug firm Wyeth for $68 billion, German giant Merck agreed to purchase rival Schering-Plough for $41.1 billion. This was 2009, a time when global pharma majors were trying to diversify their range of products to cope with the economic meltdown. It was also the beginning of a phenomenon that has played out fortuitously for Indian real estate companies.]]></description>
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            <title><![CDATA[Luxury retailers: Big names look beyond obstacles]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13053</link>
			<source>Financial Times</source>
			<pubDate>Thu, 26 Jan 2012 06:55:06 +0530</pubDate>
			<description><![CDATA[Financial Times- In October last year, Herm&egrave;s, the French haute couture company, did something audacious: months after launching its flagship Indian store in a fully-refurbished heritage building near Mumbai’s financial centre, the company announced its arrival in India by selling saris for up to $8,200 to the country’s upper crust. The move shocked – even insulted – some local designers, miffed at the “Gallic gall” exhibited by the fashion house, better known for year-long waiting lists for Birkin handbags and silk scarves woven from the cocoons of mulberry moths.]]></description>
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            <title><![CDATA[Problems in store for ambitious incomers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13052</link>
			<source>Financial Times</source>
			<pubDate>Thu, 26 Jan 2012 06:54:21 +0530</pubDate>
			<description><![CDATA[Financial Times- Global supermarket chains have long been salivating at the prospect of entering India’s buoyant retail sector. With an underserved market of 1.2bn people and worth about $450bn, and a rising middle class eager to access modern global products, Asia’s third-largest economy is by far one of the most attractive retail markets in the world, analysts say.]]></description>
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            <title><![CDATA[Century Real Estate to set up Rs 100 crore VC Fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13051</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Jan 2012 06:53:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bangalore-based property firm Century Real Estate Holdings is setting up a venture capital fund with a corpus of around Rs 100 crore. Century will initially raise money from family and friends and later tap the larger investor community, said a person familiar with the development. The fund will invest in pre-development of land owned by Century across south India, where the real estate company will have control over development rights.]]></description>
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            <title><![CDATA[Real estate: Developers hope for rebound]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13050</link>
			<source>The Financial Times</source>
			<pubDate>Thu, 26 Jan 2012 06:52:26 +0530</pubDate>
			<description><![CDATA[The Financial Times- In 2011, India’s once-vaunted real estate sector fell on hard times. Commodity prices rose along with inflation and interest rates, while demand fell as global and domestic economic conditions deteriorated, banks refused to lend to the sector, and developers’ debt burden spiralled out of control. The industry’s debt stood at $22.7bn in October 2011 – up almost six times from $3.8bn in September 2005. It caused the Bombay Stock Exchange’s realty index to lose more than half its value last year, more than double the decrease in the benchmark Sensex.]]></description>
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            <title><![CDATA[Citi Property to make an exit as Logix sells Noida buildings to IL&amp;FS Investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13049</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Jan 2012 06:51:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Logix Group is selling four office buildings in Noida to IL&amp;FS Investment Managers, the only listed private equity fund in India, for Rs 600 crore. Citi Property Investors, which holds 50% in the property Logix Cyber Park, will get an exit through this transaction, said an investment banker close to the transaction, who did not wish to be named. Last year, Apollo Global Management had acquired the real estate investment management group of Citigroup called Citi Property Investors.]]></description>
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            <title><![CDATA[DLF and Hines start construction of commercial bldg at Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13048</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Jan 2012 06:50:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s largest realty firm DLF today announced the start of construction of its commercial project at Gurgaon in joint venture with leading global real estate developer Hines. In 2007, DLF and US-based realty firm Hines had announced signing of an memorandum of understanding (MoU) to develop a 15-acre business centre located on Golf Course Road, Gurgaon.]]></description>
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            <title><![CDATA[Hilton Worldwide bullish on Indian real estate market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13047</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Jan 2012 06:49:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- American hotel chain Hilton Worldwide remains bullish on the Indian market despite the end of its joint venture with real estate firm DLF last month, a top official said. In his first interaction with media after Hilton sold its 26% stake in DLF Hotels &amp; Hospitality to DLF, Ian Carter, president, global operations and development at Hilton Worldwide, said: &quot;India is massively under penetrated with a huge shortage of branded rooms, which presents an opportunity for us to grow both in the cities and non tier-1 markets.&quot;]]></description>
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            <title><![CDATA[IIFL&#039;s PE arm to enter realty with Rs 500-cr fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13046</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 26 Jan 2012 06:48:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- IIFL Venture Capital Fund, the private equity arm of the India Infoline group, is close to raising Rs 500 crore for investing in real estate. The fundraising will mark the brokerage&#039;s foray into the private equity business. The fund, which has raised the money from high net worth individuals, will focus on investing in residential properties in top cities, a top official said. &quot;We are in the process of raising funds for domestic real estate market. The response has been very encouraging,&quot; said Balaji Raghavan, CEO and CIO of IIFL Alternate Asset Advisors.]]></description>
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            <title><![CDATA[Affordable luxury homes by ATS Group in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13045</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Jan 2012 06:47:51 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- ATS group, a Noida-based developer, is coming up with its first residential project in Gurgaon. Christened as ATS Kocoon, this 12.5 acre project is based on the theme of affordable luxury. The project is a designed group housing comprising about 450 apartments in Sector 109, Gurgaon, along the northern periphery road that is proposed to connect Delhi International Airport through Dwarka to National Highway 8. This joint development project with the landowner, Chintels Group, will see an overall investment of Rs 200 crore.]]></description>
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            <title><![CDATA[Prestige Group launches Bella Vista in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13044</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Jan 2012 06:47:04 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Bangalore-based Pr&shy;estige Group has launched its first residential apartment project Bella Vista, near Porur, a suburban area in west Chennai. The company has already done a few commercial office space projects and is also constructing a high-end mall in Chennai. The project, to come up in an area of over 25 acre, originally planned to be an IT SEZ by the Chennai-based Rattha Group, is being developed by Prestige on a joint development basis. The land has been de-notified to develop a residential project now and the developers have received all necessary approvals from the authorities.]]></description>
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            <title><![CDATA[Embassy Group launches Boulevard]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13043</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Jan 2012 06:45:36 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Just 12 km from the new Bangaluru International Air&shy;port, the new project by Em&shy;bassy Group, Boulevard, at Bellary road will give you a break from the city’s crampy heart. The luxurious high-end villas meant for high net worth individuals will be ready by the end of 2014. The Embassy Boulevard along with Embassy Lake Terraces simultaneously bagged by Synergy Property Development Services, a project management and consulting company, from Embassy group would have a total investment of Rs 1,239 crore. Synergy would hand over the project on a turnkey basis to Embassy.]]></description>
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            <title><![CDATA[Rough terrain ahead]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13042</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 26 Jan 2012 06:44:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Year 2012 hasn&#039;t heralded a new era for real estate sector. The going has been tough for most players, while investors seem to be less optimistic about the industry&#039;s immediate prospects, especially in commercial and retail segments. Once the darling of investor fraternity before the onset of 2008 global economic meltdown, the real estate sector has since been on slippery ground. Industry analysts and experts believe that the sector would continue to face a fall in demand in 2012 as well, with most of the underlying concerns still showing no signs of subsiding.]]></description>
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            <title><![CDATA[Govt issues notification for affordable housing in Maharashtra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13041</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Jan 2012 06:43:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government has issued a notification making it mandatory for all projects on more than 2,000 sq m land to reserve 20 per cent of the plot or constructed space for smaller sized affordable housing. The rule would be applicable to the 26 municipal corporations and all municipal councils in Maharashtra. The notification issued by the state urban development department is meant to promote the concept of inclusive housing at a time when most developers, especially in Mumbai, are in the business of creating luxury housing. In a bid to prevent any misuse of the policy, the notification states that developers will not be allowed to amalgamate the smaller flats or land under any circumstances.]]></description>
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            <title><![CDATA[Pune Realtors’ body releases Estate Agents’ Association directory]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13040</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Jan 2012 06:42:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Estate Agents’ Association of Pune (EAAP) has released the seventh edition of `EAAP Directory’ 2012-16. The directory was unveiled by Lalit Kumar Jain, president, (national), Confederation of Real Estate Developers’ Associations of India (CREDAI). The EAAP Directory will act as a ready reckoner for individuals and organisations related to the real estate industry and will be useful for buyers and sellers of property, said a press release. It will have a database of registration offices in and around Pune, contact details of all EAAP members, useful tips on buying and selling property and conversion tables along with articles contributed by industry veterans.]]></description>
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            <title><![CDATA[Decks cleared for Chandigarh Housing Board scheme draw of lots]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13039</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Jan 2012 06:41:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a sigh of relief for Chandigarh Housing Board (CHB) and the Chandigarh Administration, the Punjab and Haryana High Court has cleared decks for the draw of lots for over 160 flats under the Self-Financing Housing Scheme of 2010 in Sector 51, Chandigarh. The draw was deferred in March last year after the High Court had ruled that the final outcome of the draw of lots will be subject to outcome of three petitions which had challenged the draw of lots.]]></description>
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            <title><![CDATA[Soon: Higher income group housing schemes in Dwarka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13038</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 26 Jan 2012 06:40:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- For all those who weren’t able to get a flat allotment under Delhi Development Authority (DDA) Housing Scheme 2010, here’s some good news. DDA has taken up construction of several housing projects in Dwarka, which are mainly meant for the higher income group (HIG). Many of these projects are being taken up in Sector 26 and 27 and will provide housing to thousands of people in the National Capital Region.]]></description>
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            <title><![CDATA[URBAN PLANNING -A tale for many CITIES ,Meticulous detail, a sound master plan and the involvement of citizens can make our cities havens of tranquility]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13037</link>
			<source>The Times of India</source>
			<pubDate>Wed, 25 Jan 2012 06:59:27 +0530</pubDate>
			<description><![CDATA[The Times of India- We are at a crucial junction as far as urbanism goes. The need to work vigorously on our cities and improve them is urgent and critical. Their populations have surged tremendously in the last few decades. Delhi’s population increased from12.8m in 2001 to 16.3m in 2011. Bangalore grew from 5.7m to 8.5m during the same period. Our urban planners have perhaps not understood the nature of the modern city, what it takes not just to run them but to make them livable. The two key requirements of a city are: provision of basic services and social infrastructure. These need to be developed together.]]></description>
			</item><item>
            <title><![CDATA[Subbarao puts onus on Govt ,Slash in CRR may be RBI’s Curtain-Raiser to Rate Cuts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13036</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Jan 2012 06:58:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Industry and consumers can look forward to lower cost of funds for the first time in two years after the Reserve Bank of India cut the cash reserve requirement of banks, likely to be the precursor to interest rate cuts later this year. But using unusually blunt language, Governor Duvvuri Subbarao made it clear that lower rates will depend on the government taking credible steps to rein in fiscal deficit.]]></description>
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            <title><![CDATA[VUDA needs to pull up socks to implement revised development plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13035</link>
			<source>The Times of India</source>
			<pubDate>Wed, 25 Jan 2012 06:57:33 +0530</pubDate>
			<description><![CDATA[The Times of India- Citizens and realtors alike may be upbeat as Vadodara Urban Development Authority (VUDA) has revised the development plan for the year 2031 which was also notified recently. However, concerns are being raised about its implementation. The general view being that if the implementation of town planning scheme and land acquisition process is delayed, then there would be haphazard development in the fringe areas.]]></description>
			</item><item>
            <title><![CDATA[Ansal Properties nears Rs300 crore private equity deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13034</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 25 Jan 2012 06:56:28 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Ansal Properties and Infrastructure is likely to ink a `300 crore private equity (PE) deal soon. It would most likely be a project-level deal for one of the properties in Greater Noida, said a source. The company has 19 integrated townships in northern India with maximum saleable area in the residential segment.]]></description>
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            <title><![CDATA[Rs 32,000 cr growth push]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13033</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 25 Jan 2012 06:54:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Rs 32,000 crore liquidity infusion by the Reserve Bank of India will boost India Inc’s sentiment somewhat, but it is not en&shy;ough to trigger a resumption in capex cycle, chief financial officers of leading companies told Financial Chronicle. RBI on Tuesday cut the amount of money that banks set aside from the deposits they receive by half-a-percentage point to free up liquidity in a bid to drive growth. But companies doubt if this can reverse the trend of falling ca&shy;pital investments to create fresh productive capacity or boost inf&shy;rastructure in&shy;ve&shy;stment.]]></description>
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            <title><![CDATA[No takers for low cost homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13032</link>
			<source>The Times of India</source>
			<pubDate>Wed, 25 Jan 2012 06:54:07 +0530</pubDate>
			<description><![CDATA[The Times of India- When three years ago record home prices and higher interest rates dampened demand, developers hit on the idea of constructing affordable (mass) housing projects to fuel sales. Three years later, leave alone flats worth crores, Mumbaikars are wary of touching even much cheaper property; a survey finds at least a third of the under-construction flats, priced below Rs 35 lakh, in the Mumbai Metropolitan Region have not yet been booked. Nearly 36% of flats costing approximately Rs 35 lakh that are currently being constructed are lying unsold in Mumbai, says a study carried out by Knight Frank, global real estate consultants. These flats are located in the western suburbs beyond Borivali and Thane.]]></description>
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            <title><![CDATA[Happy days return for realty sector?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13031</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 25 Jan 2012 06:53:12 +0530</pubDate>
			<description><![CDATA[Bloomberg- After almost two years of rising rates, the Reserve Bank of India has hit the pause button on monetary tightening, and the real estate industry is cheering. JC Sharma, MD, Sobha Developers reacted, &quot;with this kind of policy initiative where CRR has been cut, we strongly believe that interest rate cuts will happen, and it will augur well for our industry. Based on that only, we believe 2012 will be better for real estate industry from a volumes perspective.&quot;]]></description>
			</item><item>
            <title><![CDATA[Around 44% housing units under Rs 3.5mn unsold in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13030</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 25 Jan 2012 06:52:05 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Leading independent global property consultants - Knight Frank India Pvt. Ltd. announced the launch of their database product &quot;eyestate&quot; that is jointly developed by Knight Frank Research and Indicus Analytics, India&#039;s leading economics research firm. The product gives information and analysis of the residential, commercial and retail real estate market across the seven major metropolitan regions namely Mumbai, the National Capital Region, Kolkata, Bengaluru, Hyderabad, Pune and Chennai.]]></description>
			</item><item>
            <title><![CDATA[Real estate prices remain firm in the face of falling demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13029</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 25 Jan 2012 06:50:48 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Regardless of the steep fall in real estate transactions in recent months, prices have remained steady, Reserve Bank of India’s (RBI) macroeconomic and monetary development report said on Monday. RBI said that though interest rates remained high, home loans disbursals have gone up while overall credit off-take has fallen. According to RBI data, interest on home loan has gone up by 1.5 - 1.75 per cent since December 2010.]]></description>
			</item><item>
            <title><![CDATA[Realtors Seek Nod for loan rollover]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13028</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 25 Jan 2012 06:49:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- Developers across the country have sought Reserve Bank of India&#039;s permission for a rollover of real estate loans due for repayment by March 31, 2012. They have also appealed for a reduction in risk weightage for real estate loans to help reduce the cost of loans.]]></description>
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            <title><![CDATA[Real Estate confederation CREDAI welcomes RBI CRR cut]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13027</link>
			<source>The Times of India</source>
			<pubDate>Wed, 25 Jan 2012 06:48:16 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Associations of India (CREDAI) has welcomed the CRR rate cut by the RBI and said it will help revive demand in the housing segment. &quot;We are happy that the RBI has taken cognizance of the plight of the productive sector and has lowered the CRR by 50 base points. This move will help to curb the negative sentiments in the economy to some extent in general and real estate sector in particular,&quot; Gaurav Mittal, governing council member of CREDAI &amp; MD of CHD Developers, said.]]></description>
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            <title><![CDATA[Reduce rates to boost housing demand: realtors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13026</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Jan 2012 06:46:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developers today said that RBI&#039;s decision to cut cash reserve ratio (CRR) will help improve the liquidity position of various sectors, including realty, but felt that interest rates should be brought down to boost housing demand. &quot;The CRR cut will bring in liquidity. It will help the real estate market which is cash starved. However, it is important to see the interest rate shall have to come down to facilitate the home seekers to buy homes,&quot; Confederation of Real Estate Developers&#039; Association of India (CREDAI) President Lalit Kumar Jain said in a statement.]]></description>
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            <title><![CDATA[DDA housing scheme: Slip over wife’s name gives imposter away, arrested]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13025</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 25 Jan 2012 06:46:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- He thought a bit of impersonation would help him get a flat under the DDA housing scheme. All he had to was pretend to be someone else and hoodwink the area SDM. But when the imposter erred while trying to recollect the names of the ‘other man’s’ wife and children, he was caught in the act. The man and his associate have been arrested. The incident was reported last week from the office of Ajay Arora, Sub Divisional Magistrate, Parliament Street.]]></description>
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            <title><![CDATA[HC reprieve for 39 ‘polluting’ buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13024</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Jan 2012 06:45:25 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi high court has granted relief to 39 malls, commercial buildings and residential complexes that were fined by the Delhi Pollution Control Committee (DPCC) for causing air and water pollution. A division bench comprising Justice Pradeep Nandrajog and Justice Pratibha Rani upheld a single judge’s order and said the DPCC has no power to levy penalties in case it comes across any violations. If the violations are not corrected despite DPCC’s inspection, the latter can file criminal complaints against the violators in court, HC said.]]></description>
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            <title><![CDATA[DDA shows off ‘kit’ flats for poor ,Cheap And Quick To Build Using Prefabricated Parts: Authority]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13023</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Jan 2012 06:44:29 +0530</pubDate>
			<description><![CDATA[The Times of India- In a first, DDA has used prefabricated technology to construct these housing units. The technology involves use of precast columns, beams, slabs, staircases, and the flats are assembled at the site itself. While 2,400 housing units will be built in Sector 23 in Dwarka, 11,060 houses are going come up in Rohini and 6,580 in Narela using this technology, work for which is under way. The total cost has been pegged at Rs 762.3 crore and the project is expected to be completed by October 2013.]]></description>
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            <title><![CDATA[New DCR push land rates down]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13022</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Jan 2012 06:43:37 +0530</pubDate>
			<description><![CDATA[The Times of India- The new development control rules (DCR) which restrict unabated building concessions and the amended public parking policy, which substantially curbed benefits for builders, have slowly started affecting land valuations in Mumbai. Experts said the city&#039;s land prices, the highest in the country, are bound to fall in the months to come, but warned that flat prices would not decline.]]></description>
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            <title><![CDATA[TN Housing Board studying joint development, land pooling concepts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13021</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 24 Jan 2012 06:42:41 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Tamil Nadu Housing Board is working on new business models such as joint development and land pooling concept in real estate development to increase supply of affordable housing, according to Mr Phanindra Reddy, Secretary, Housing and Urban Development, Tamil Nadu. Addressing the Municipalika 2012, an international seminar on sustainable urban development, he said the public sector housing provider has run out of land bank stocks and is exploring new business models. These include joint development of land and land pooling in which the land owner not only gets the market price for land but also benefits from the value addition to the land as he gets a share of the developed portion, he said.]]></description>
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            <title><![CDATA[Skyscrapers to dot suburbs soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13020</link>
			<source>Deccan Chronicle</source>
			<pubDate>Tue, 24 Jan 2012 06:41:43 +0530</pubDate>
			<description><![CDATA[Deccan Chronicle- If the state government heeds to the proposals of Chennai developers, the city’s suburbs will soon be dotted with skyscrapers while the supply of office space within Chennai will go up. Also, multi-level parking facilities could come up in residential apartments solving the parking problems of most city folks.]]></description>
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            <title><![CDATA[Delays by builders land buyers in soup]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13019</link>
			<source>The Hindu</source>
			<pubDate>Tue, 24 Jan 2012 06:40:57 +0530</pubDate>
			<description><![CDATA[The Hindu- Four years after having booked a flat in Pallikaranai, the Prasads (name changed) are still waiting to get the keys to their home. The agreement signed by the developer said the project would be completed before one-and-a-half years but all the buyers of the 63 flat-apartment complex are still waiting. Not an isolated case in the city where developers are coming up with new projects but delays in completion are adding to burden of the owner. Soon, the Confederation of Real Estate Developers Association of India (CREDAI) will initiate an awareness campaign to promote its redressal forum that promises to find an amicable solution to concerns like this and many others.]]></description>
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            <title><![CDATA[CREDAI launches Mission Transparency Campaign]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13018</link>
			<source>Construction Week</source>
			<pubDate>Tue, 24 Jan 2012 06:38:40 +0530</pubDate>
			<description><![CDATA[Construction Week- The Confederation of Real Estate Developers’ Associations of India (CREDAI) has envisaged ‘Mission Transparency’ initiative to promote transparent real estate transactions. By taking ‘Mission Transparency’ campaign forward, CREDAI members affirm to practice internal discipline while adhering to the code of conduct that protects the interest of all stake holders especially the home buyers. CREDAI strives to achieve this mission by enforcing ethical business practices for building a credible real estate industry.]]></description>
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            <title><![CDATA[Developers seen slowing launches]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13017</link>
			<source>Business Standard</source>
			<pubDate>Tue, 24 Jan 2012 06:37:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Property developers have slowed new project launches and are sitting on large land banks to retain pricing power. This has aided them in increasing home unit prices, though housing demand has started moderating because of high interest rates and rising real estate prices. In the July-September period, property prices in most cities rose, albeit at a slow pace. The transaction volumes also improved on a sequential basis, but remained lower than a year ago.]]></description>
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            <title><![CDATA[One-bedroom, studio apartments are back]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13016</link>
			<source>Business Standard</source>
			<pubDate>Tue, 24 Jan 2012 06:37:02 +0530</pubDate>
			<description><![CDATA[Business Standard- Faced with slow offtake in big-ticket residential apartments, property developers are launching one bedroom (BHK) apartments to generate fast liquidity. Some marquee names in housing such as Hiranandani, Kalpataru, Man Infrastructure and Omkar have either launched or are launching one-BHK apartments in Thane and the Mumbai suburbs. Builders in the National Capital Region (NCR) area around Delhi are also getting active on onebedroom and studio apartments.]]></description>
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            <title><![CDATA[Small realtors go big during slowdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13015</link>
			<source>Business Standard</source>
			<pubDate>Tue, 24 Jan 2012 06:35:59 +0530</pubDate>
			<description><![CDATA[Business Standard- Smaller real estate entities have been active in the past six to eight months in launching big-ticket residential projects. Factors like the high debt of realty companies listed on the exchanges and small builders not having the capacity to hold on to a licence for too long have influenced launches. Also, unlike during the 2008-09 slowdown when builders were aggressive on launching projects, big players are cautious this time.]]></description>
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            <title><![CDATA[Property prices in Mumbai to remain stable till June: Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13014</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 24 Jan 2012 06:35:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Prices of residential property in Mumbai, which started to soften three months back, are expected to remain soft at least till June. That&#039;s probably why developers continue to offer discounts and freebies to buyers though it&#039;s unlikely, say hopeful consultants, that prices would correct sharply.]]></description>
			</item><item>
            <title><![CDATA[Realty rates may become more realistic now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13013</link>
			<source>The Times of India</source>
			<pubDate>Tue, 24 Jan 2012 06:33:55 +0530</pubDate>
			<description><![CDATA[The Times of India- New DC rules and the amended public parking policy are affecting land valuations in the city. For instance, prospective buyers are not willing to offer more than Rs 2,000 crore for the Mumbai Textile mill land at Lower Parel, as earlier construction benefits no longer exist. &quot;The owners are expecting Rs 3,000 crore but no offer has come close to that figure yet. With the new DCR, the property&#039;s valuation has taken a hit,&#039;&#039; said a prominent developer interested in the central Mumbai property.]]></description>
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            <title><![CDATA[Battered US housing more affordable than other English countries: study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13012</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 24 Jan 2012 06:33:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- Would-be American home-buyers can take heart: U.S. housing is more affordable than in other English-speaking countries, according to a study of metropolitan areas around the world. The median home price in the United States as a whole was three times pre-tax household income in the third quarter of 2011, on the cusp of what Demographia, a public policy firm which conducted the survey, deems affordable.]]></description>
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            <title><![CDATA[Sitting on a Land Pile, Govt Plans Policy for Sale, Lease ,Move aimed at raising revenues and checking corruption in state-owned property deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13011</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 23 Jan 2012 07:23:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government, the largest owner of landed property in the country, is preparing a comprehensive land sale policy to raise revenues and check corruption in government-owned property deals. The finance ministry will shortly move a cabinet note for bringing in a new uniform policy on ‘land alienation’ by government agencies, with an eye on removing discretionary powers of individual ministers and bureaucrats, said a government official.]]></description>
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            <title><![CDATA[‘We want to make money from realty development, not speculation’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13010</link>
			<source>Indian Express</source>
			<pubDate>Mon, 23 Jan 2012 07:21:59 +0530</pubDate>
			<description><![CDATA[Indian Express- The MD-designate of Godrej Properties, Pirojsha Godrej in an interview with Sandeep Singh says he is very optimistic about the growth of the realty sector. Godrej says that his company would operate with the joint venture model as he does not believe in land banking and making money on land speculation.]]></description>
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            <title><![CDATA[Abercrombie, Gap may plan shops in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13009</link>
			<source>Business Standard</source>
			<pubDate>Mon, 23 Jan 2012 07:20:57 +0530</pubDate>
			<description><![CDATA[Business Standard- A team from Abercrombie &amp; Fitch, a prominent American clothing chain, was in India recently to explore setting up shop in the country, according to a top executive of a consultancy firm. Gap, another big brand from the US, is learnt to have stepped up enquiries about the Indian market after the government recently allowed up to 100 per cent foreign direct investment in single brand retail.]]></description>
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            <title><![CDATA[Finance min studies high use of black money in real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13008</link>
			<source>The Times of India</source>
			<pubDate>Mon, 23 Jan 2012 07:20:02 +0530</pubDate>
			<description><![CDATA[The Times of India- The National Institute of Public Finance and Policy (NIPFP) has asked the inspector general of Registration and Controller of Stamps to submit the details of the three highest-value transactions that happened in the last two years in every area in Mumbai and Pune. It has also sought the number of sale documents registered, registration and stamp duty paid as well as ready reckoner rates fixed in every area.]]></description>
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            <title><![CDATA[PEs line up R3,500 crore for Indian investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13007</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Jan 2012 07:19:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Defying the gloomy economic scenario, over half a dozen overseas private equity funds are set to pump in R3,500 crore ($700 million) in diverse sectors in India including entertainment and leisure, energy conservation, microfinance, antenna manufacturing and surgical instruments, among others. The deals will materialise within the next fortnight or two, sources in the investment banking sector said. This comes despite the slowdown in PE investments in the last three months of 2011.]]></description>
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            <title><![CDATA[Construction sector to see squeeze in order flow: Fitch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13006</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Jan 2012 07:18:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said. Order inflows from the power sector may also slow, with various banks reaching their internal limits for lending to the sector and the fuel linkage being faced by the sector.]]></description>
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            <title><![CDATA[Oberoi Realty net down 50% to Rs 102.07 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13005</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Jan 2012 07:17:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developer Oberoi Realty today posted a 50.26 per cent dip in net profit to Rs. 102.07 crore for the quarter ended December 31, as against Rs 205.23 crore in the year-ago period. The total revenues for the period stood at Rs 218.26 crore, a 48 per cent dip, as compared to Rs 420.40 crore in the corresponding period last year.]]></description>
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            <title><![CDATA[Decision to levy service tax on flat, shop construction upheld]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13004</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 23 Jan 2012 07:15:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a decision that might have an impact on realty prices in the metropolis and nearby areas, the Bombay High Court has upheld the decision of the Union Government to levy service tax on construction of flats and shops.
A division bench held by Justice D Y Chandrachud and Justice Amjad Sayed yesterday upheld the decision of the Centre to levy service tax, saying it was legal and constitutional.]]></description>
			</item><item>
            <title><![CDATA[HIGH-TECH CITIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13003</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:33:08 +0530</pubDate>
			<description><![CDATA[The Times of India- Builders and developers are promoting their high-tech townships as dream destinations, even as the demand for housing increases and homebuyers look for world-class infrastructure to lock in their investments. Construction of two high-tech cities (over 2,500-4,500 acres) is underway near Ghaziabad and Greater Noida, within the NCR, after the clearance from the government.]]></description>
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            <title><![CDATA[HINDON PAR HAS GREAT POTENTIAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13002</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:32:17 +0530</pubDate>
			<description><![CDATA[The Times of India- With land becoming scarce in prime localities of Ghaziabad and Noida, Hindon Par is offering new options to builders and developers to come up with their mega housing projects. Aquiet and dusty area, with heavy traffic, Hindon Par (literally, across Hindon river) along the NH-24 is now considered as a place with potential for real estate development in the future.]]></description>
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            <title><![CDATA[CROSSINGS REPUBLIK: ‘A LIFE STYLE DESTINATION ’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13001</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:31:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Crossings Republik has become a ‘lifestyle destination’ for many because of the availability of world-class facilities at an appropriate price range. With excellent connectivity to Delhi, Noida and Greater Noida and located on NH-24, Crossings Republic is going to deliver over 20,000 residential units in the next two years. It will cater to a population of one lakh. The location has become a ‘lifestyle destination’ for many because of the availability of worldclass facilities at an appropriate price range. Crossings Republic in Ghaziabad, which claims to be India’s first ‘global city’, is an amalgamation of 32 real estate companies, like, Supertech Group, Panchsheel Buildtech, Assotech Ltd, Paramount Group, Gaursons, Mahagun and Ajnara.]]></description>
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            <title><![CDATA[GATEWAY OF DMIC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=13000</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:30:16 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi-Mumbai Industrial Corridor has been conceived as a model industrial corridor of international standards and it will be a global manufacturing and trading hub. After Japan said it would invest $4.5 billion in the Delhi-Mumbai Industrial Corridor (DMIC), over the next five years, things have started moving for the expansion and growth of the developing areas of Greater Noida along this corridor.Greater Noida&#039;s Boraki will be the first node gateway of this project, and, consequently, investors, developers and builders are showing interest in investing in this region.]]></description>
			</item><item>
            <title><![CDATA[SKY IS THE LIMIT AT GREATER NOIDA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12999</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:28:31 +0530</pubDate>
			<description><![CDATA[The Times of India- People who invest in Greater Noida will be doing themselves a great favour, as this ‘futuristic city’ has world-class infrastructure and vast open spaces. The &#039;futuristic city&#039;, Greater Noida, has everything going for it — ample land, good infrastructure, fast connectivity and world-class projects. Thus, if one wants to invest in Greater Noida and the Yamuna Zone, they will be doing themselves a great favour.]]></description>
			</item><item>
            <title><![CDATA[MASTER PLAN 2031]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12998</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:27:33 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida authority is upgrading housing, road, water and power infrastructure to cater to the needs of 25 lakh people, after the new master plan projected an increase of 19 lakh over the current population, by 2031. The new Master Plan 2031 of Noida has earmarked a lot of space for infrastructural, residential and commercial development like widening of roads with elevated structures, underpasses and flyovers, greenery, highrise buildings, hotels, and major Metro and road linkages to ease traffic.]]></description>
			</item><item>
            <title><![CDATA[NOIDA: INFRASTRUCTURE UPGRADE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12997</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:26:22 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida authority is taking up several infrastructural projects like six new Metro networks, six elevated roads, flyovers, underpasses, multilevel parking lots, and a new bridge on the Okhla Barrage in line with the Master Plan 2031. To provide better transportation and commuter-friendly infrastructure, the Noida authority is all set to start work on six Metro networks, multilevel parking, two major road linkages, six elevated roads on the main road and a number of flyovers and underpasses. This will push real estate values in Noida.]]></description>
			</item><item>
            <title><![CDATA[NOIDA GOES VERTICAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12996</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:23:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Limited land availability has forced developers to plan 150-200 metre-high skyscrapers as a part of vertical development in one of the fastest developing cities in the NCR.     With the coming of 200-300 storey skyscrapers like Supertech’s Supernova, North Eye and Assotech’s Celeste Tower, etc, Noida will once again cement its place in real estate market. It will also be shown as preferred location for real estate innovations and quality products. The limited land availability has forced developers to plan 150-200 metre-high skyscrapers as a part of vertical development in one of the fastest developing cities in the NCR. On the top of that, there has been significant change in tastes and preferences of buyers.]]></description>
			</item><item>
            <title><![CDATA[NOIDA EXPRESSWAY: AN EMERGING HOT LOCATION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12995</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:22:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida-Greater Noida Expressway is going to have unprecedented developmental activities spanning residential, commercial, as well as institutional sectors, in the next 5-6 years. A K TIWARY reports. The 24.53km-long six-lane Noida-Greater Noida Expressway connecting to the 165km long Yamuna Expressway is emerging as one of the hottest locations for real estate development. The expressway, built at a cost of Rs 400 crore, is witnessing unprecedented developmental activities spanning residential, commercial, as well as institutional sectors.]]></description>
			</item><item>
            <title><![CDATA[TIME TO BUY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12994</link>
			<source>The Times of India</source>
			<pubDate>Sat, 21 Jan 2012 07:20:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Despite an economic slowdown following the euro crisis, the real estate sector is still booming in the country. Thus, this is a good time to buy, as the slowdown can help homebuyers drive a good bargain. PRABHAKAR SINHA writes. The real estate sector is booming for the last one year. Belying apprehensions that the economic slowdown will impact the realty sector in the short to medium term, the residential sector is performing well in all the micromarkets of the national capital region (NCR) of Delhi, so far.]]></description>
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            <title><![CDATA[Realtors Seek Nod For Loan Rollover]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12993</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 21 Jan 2012 07:19:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- Developers across the country have sought Reserve Bank of India’s permission for a rollover of real estate loans due for repayment by March 31, 2012. They have also appealed for a reduction in risk weightage for real estate loans to help reduce the cost of loans. While none in the industry is being able to put a figure to the loan amount disbursed to the country’s real estate segment, RBI release dated November 2011 indicated about . 1,16,670 crore of gross bank credit was deployed to the commercial real estate sector as on November 18, 2011, against . 1,05,479 crore on November 19, 2010.]]></description>
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            <title><![CDATA[SP promises total ban on land acquisition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12992</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Jan 2012 07:18:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Uttar Pradesh, which needs to take giant strides in industrialisation and urbanisation if it wants to come anywhere near the national GDP, can bid goodbye to all big ticket projects if the Samajwadi Party comes to power in the state. The party, which released its manifesto in Lucknow on Friday, promised a total ban on land acquisition for industry and infrastructure projects if it comes to power, except in urgent circumstances.]]></description>
			</item><item>
            <title><![CDATA[Disha Direct forays into hospitality biz]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12991</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 21 Jan 2012 07:17:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate marketing company Disha Direct announced its foray into the hospitality and leisure industry and said it plans to invest Rs 300 crore to open 30 resorts in Maharashtra over five years.]]></description>
			</item><item>
            <title><![CDATA[HC fast-tracks handover of Games flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12990</link>
			<source>The Times of India</source>
			<pubDate>Fri, 20 Jan 2012 06:39:50 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi high court on Thursday fasttracked the process of handing over the Commonwealth Games village flats to the original allottees. It asked the DDA and developer of the village,Emaar MGF,to inspect the flats and basements for any structural damage,seepage or leakage in them and submit a status report on their condition before issuing the completion certificate to the builder.]]></description>
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            <title><![CDATA[When Renting a Property Makes Sense]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12989</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Jan 2012 06:39:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Technically speaking, renting out a property that you own is also a form of returns on investment in real estate. It is the ‘softer’ option because you are not doing hardcore buy-&amp;-sell speculation, but rather capitalising on an existing property. Conducted properly, renting out can assure a steady cash flow, minus the high levels of tension involved in actual property trading.]]></description>
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            <title><![CDATA[Power only to buildings saving energy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12988</link>
			<source>The Times of India</source>
			<pubDate>Fri, 20 Jan 2012 06:38:23 +0530</pubDate>
			<description><![CDATA[The Times of India- Power distributors will henceforth not give electricity connection to buildings not conforming to energy conservation code, official sources said on Thursday. Engineer in chief (electricity) Surya Narayan Mishra, who is the state designated agency (SDA), for implementing Energy Conservation Act-2001, said a workshop of all stakeholders, including power department officials and builders, will be held to enforce the Orissa Energy Conservation Building Code (OECBC) 2011.]]></description>
			</item><item>
            <title><![CDATA[Indian realty market gains favour of NRIs as rupee continues its decline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12987</link>
			<source>CNN-IBN</source>
			<pubDate>Fri, 20 Jan 2012 06:37:29 +0530</pubDate>
			<description><![CDATA[CNN-IBN- For several months, India has suffered the double misfortune of a slowing economy and high inflation. Now, it is also facing a rapidly depreciating currency against the dollar. While a falling rupee is not the best news for domestic markets, it certainly provides a good opportunity for exporters and NRI investors, who stand to gain from the weakening rupee on conversion, making India an attractive destination to park any surplus funds.]]></description>
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            <title><![CDATA[Expecting rebound, real estate companies including Unitech and Prestige groups step up hiring]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12986</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 20 Jan 2012 06:36:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- At a time when most sectors of the industry are preparing to downsize, the real estate sector is planning to do just the opposite - it is drawing up plans to hire thousands in the coming months, anticipating a possible rebound. Nearly 985 million sq ft of residential space is due for delivery between 2011 and 2013 in existing projects, says real estate data and analytics provider, PropEquity. &quot;To execute the amount of space they have sold, developers will have to double their bandwidth,&quot; says Samir Jasuja, chief executive officer at PropEquity. In comparison, only about 522 million sq ft was delivered in 2008-10.]]></description>
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            <title><![CDATA[DivyaSree plans to raise Rs 1,100 cr ,The realty company looks to exit 2.5 msft of development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12985</link>
			<source>Business Standard</source>
			<pubDate>Fri, 20 Jan 2012 06:35:47 +0530</pubDate>
			<description><![CDATA[Business Standard- DivyaSree Developers, a Bangalore-based realty developer is looking to unlock value in 2.5 million square feet of its rental-yielding commercial development, spread majorly across Bangalore and Hyderabad. The developers who is one of the strong players in the commercial development in South Indian market, has a topline of Rs 1,000 crore and a debt of Rs 950 crore.]]></description>
			</item><item>
            <title><![CDATA[DivyaSree plans to raise Rs 1,100 cr ,The realty company looks to exit 2.5 msft of development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12984</link>
			<source>Business Standard</source>
			<pubDate>Fri, 20 Jan 2012 06:35:39 +0530</pubDate>
			<description><![CDATA[Business Standard- DivyaSree Developers, a Bangalore-based realty developer is looking to unlock value in 2.5 million square feet of its rental-yielding commercial development, spread majorly across Bangalore and Hyderabad. The developers who is one of the strong players in the commercial development in South Indian market, has a topline of Rs 1,000 crore and a debt of Rs 950 crore.]]></description>
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            <title><![CDATA[UP: Mayawati sells wetlands to private builder Ansal API]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12983</link>
			<source>CNN-IBN</source>
			<pubDate>Fri, 20 Jan 2012 06:34:38 +0530</pubDate>
			<description><![CDATA[CNN-IBN- : In a fresh controversy surrounding the Mayawati government ahead of the Uttar Pradesh polls, it has allowed the sale of wetlands near Noida to a private builder. Hundreds of acres of wetlands visited by migratory birds from as far as Siberia and Spain were sold to Ansals for a mega housing project in Greater Noida. Angered by the move, the Union Environment Ministry has asked the state government to probe the sale of wetlands.]]></description>
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            <title><![CDATA[‘Not by chance but design’, youngest Godrej gets reins of real estate arm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12982</link>
			<source>Indian Express</source>
			<pubDate>Fri, 20 Jan 2012 06:33:47 +0530</pubDate>
			<description><![CDATA[Indian Express- Godrej Properties on Thursday announced the appointment of Pirojsha Godrej as the next managing director of Godrej Properties. Pirojsha, 30, son of Adi and Parmeshwar Godrej, will take over as the MD of the company from April 1, 2012. Armed with a Bachelors degree in economics from Wharton School, University of Pennsylvania, Masters in international affairs from Columbia University, and a Masters in Business Administration from Columbia Business School, young Godrej joined the real estate arm of the $3.3 billion (turnover) group in 2004.]]></description>
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            <title><![CDATA[DLF stares at unreal debt cut target as divestments of non-core units plod on]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12981</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 20 Jan 2012 06:32:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country’s largest real estate developer set an unreal target for itself when it said it would trim its R25,000-crore debt by four-fifth to R5,000 crore in three years, feel analysts tracking the sector. In November, in a presentation to brokerage analysts, DLF outlined its plans to reduce its debt by R3,000 crore by March this year and then further reduce it by raising another R4,000 crore in the next three years by selling non-core assets. Additionally, it said it would raise another R10,500 crore through rent receipts as its wing that rents properties will receive six monthly payments of R1,750 crore each amounting to a total of R10,500 crore in the next three years.]]></description>
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            <title><![CDATA[3C Company expects sales realisation of Rs 18,000 cr in 7 yrs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12980</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 20 Jan 2012 06:31:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm The 3C Company today said it is developing about 10 projects, largely residential, in Noida in Uttar Pradesh with an expected sales realisation of Rs 18,000 crore over the next seven years. At present, The 3C Company, which focuses on green buildings, is developing 23 million sq ft of area on about 200 acres of land.]]></description>
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            <title><![CDATA[BMC notice to six under-construction towers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12979</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 20 Jan 2012 06:29:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- The BMC has issued notices to six major under-construction residential towers in Mumbai asking them to toe the line in keeping with the state government’s revised rules for projects built under the parking FSI policy. Over the past two months, notices have been issued to the realty majors asking them to reduce the size of their projects. These include Orchid Crown-DB Realty’s three proposed 50-storey highrises in Prabhadevi, Indiabulls’ over 60-storey residential highrises Indiabulls Sky Forest at Jupiter Mills and Sky Suites at Elphinstone Mills, and the proposed 117-storey World One Tower by Lodha at Shrinivas Mills, all three in Lower Parel.]]></description>
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            <title><![CDATA[DLF to Sell Convention Centre Project, Wind Power Business -Real estate company hopes to raise . 1,800 crore by selling non-core assets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12978</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 19 Jan 2012 06:27:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF, the country’s biggest real estate firm, will sell a convention centre project in Delhi and its wind power business for about . 1,800 crore early next fiscal, a senior company executive said.  The developer, which had a debt of over . 22,000 crore at the end of September, is hoping to raise . 3,000 crore in the current fiscal and about . 3,500 crore in 2012-13 by selling its non-core businesses.]]></description>
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            <title><![CDATA[Estate agents’ body ties up with Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12977</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 19 Jan 2012 06:26:13 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The Estate Agents’ Association of Pune (EAAP) would move into its new office and celebrate its 25th anniversary. They also plan to launch the EAAP Directory 2012. The EAAP has signed a bilateral agreement with Credai for recognising EAAP members. This was announced by Govind Bhagchandani, president of Estate Agents’ Association of Pune at a press conference held in the city on Tuesday. The EAAP is ISO certified. Set up in 1986, EAAP today has over 250 members.]]></description>
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            <title><![CDATA[Suitors pour in bids for Milestone Capital]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12976</link>
			<source>The Times of India</source>
			<pubDate>Thu, 19 Jan 2012 06:25:11 +0530</pubDate>
			<description><![CDATA[The Times of India- Milestone Capital, which manages assets worth over $800 million, has attracted six to seven bids from potential suitors after being put on the block following its promoter&#039;s death in a freak accident last year. Religare Enterprises, Ashmore Investment Management, Edelweiss Capital and Dewan Housing Finance are among the potential acquirers who submitted bids on January 16, the last day for filing the same, said sources briefed on the matter.]]></description>
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            <title><![CDATA[CREDAI launches skill development programme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12975</link>
			<source>Indian Express</source>
			<pubDate>Thu, 19 Jan 2012 06:24:15 +0530</pubDate>
			<description><![CDATA[Indian Express- With the real estate industry facing a shortage of skilled manpower, the Confederation of Real Estate Developers Association of India (CREDAI) has launched a skill development programme in the city.]]></description>
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            <title><![CDATA[Qualifying test devised for realty brokers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12974</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Jan 2012 06:23:14 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Estate Agents&#039; Association of Pune (EAAP) has devised a test for real estate brokers who intend to become its members. EAAP president Govind Bhagchandani told reporters on Tuesday that RE-MET (Real Estate Membership Entrance Test) is an entrance level test mandatory for aspiring real estate consultants who wish to be members of the association. It is an online test, developed and offered by National Association of Realtors - India (NAR - India) of which EAAP is a founder member, Bhagchandani added.]]></description>
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            <title><![CDATA[Shirdi gets Disha Direct’s Sai Sharnam project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12973</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Jan 2012 06:22:33 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Disha Direct, Mumbai-based realty developer and pioneers of second homes, has launched a new Sai Sharnam residential project at Shirdi, close to Ahmednagar district in Maharashtra. Shirdi is famous for its association with the Hindu saint Shri Sai Baba. “Sai Sharnam project is for the convenience of the devotees of Shri Sai Baba of Shirdi,” Santosh Naik, managing director of Disha Direct, told Financial Chronicle.]]></description>
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            <title><![CDATA[Acron Developers launch Fleur Greens in Goa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12972</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Jan 2012 06:21:50 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The one BHK apartments are around 1,053 sq ft and the two BHK apartments are about 1,242 sq ft in size — with a price range of Rs 23 lakh and Rs 36 lakh approximately Acron Developers have recently launched a residential project Fluer Greens in Goa in the price range of Rs 23 lakh and Rs 36 lakh approximately.]]></description>
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            <title><![CDATA[Akshaya offers homes in Metropolis II]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12971</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Jan 2012 06:20:48 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Akshaya, a leading Chennai-based developer has offered ‘fully furnished homes’ as part of its Metropolis phase two. Akshaya had launched Metropolis residential apartment project on GST Road, a fast emerging manufacturing hub that is situated near Ford and Mahindra World City. The phase one is ready for possession and now phase two has been unveiled with fully furnished option.]]></description>
			</item><item>
            <title><![CDATA[Luxe it up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12970</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 19 Jan 2012 06:20:08 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Real estate may be in a slump across the country, but the ultra luxury home segment remains unaffected by the vagaries of the property market’s ups and downs
Palais Royale in Central Mumbai stands tall amid skyscrapers. According to the promoters, the under-construction residential tower will have at least 75 floors as well as several features and technological innovations to make it one of the most-expensive addresses in the metropolis. Earthquake-resistant, vastu-compliant and fire-protected Palais Royale will be comparable -- if not better — than those offered in the best residential towers in the world, claim the promoters. On offer are cinema, spa, cricket pitch, soccer field and three swimming pools... The high-speed elevators, we are told, will take you to the top most floor in no time. For a breath-taking view of the blue Arabian Sea.]]></description>
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            <title><![CDATA[Want to remain leader, but it&#039;s getting tougher: KP Singh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12969</link>
			<source>Business Standard</source>
			<pubDate>Thu, 19 Jan 2012 06:18:57 +0530</pubDate>
			<description><![CDATA[Business Standard- the doyen of Indian real estate, DLF chairman KP Singh, is more keen on philanthropy these days than on the business that he had started decades ago. After his recently published autobiography &#039;Whatever the Odds’, he’s already looking forward to a biography, where he’s known as a giver more than anything else. He’s certain DLF, which is in the process of divesting non-core assets to cut its debt, would be able to overcome the slowing economy and the challenges in the realty sector, with son Rajiv Singh firmly on the driver’s seat. KP Singh spoke to Nivedita Mookerji on various issues related to business and life. Edited excerpts from the exclusive interview:]]></description>
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            <title><![CDATA[China property, other data, add to slowdown worries]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12968</link>
			<source>Reuters</source>
			<pubDate>Thu, 19 Jan 2012 06:17:28 +0530</pubDate>
			<description><![CDATA[Reuters- China&#039;s course through the most testing economic conditions since the global financial crisis is getting bumpier, as data on Wednesday showed stuttering investment flows, tight credit and falling home prices coinciding with a difficult trade outlook. The final rush of indicators ahead of the Lunar New Year holiday reinforced the view that economic growth will slowdown further in the first three months of 2012, a trend that gathered momentum at the end of 2011 and resulted in the slackest quarter of expansion in 2-1/2 years.]]></description>
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            <title><![CDATA[Outlook for Indian retail sector in 2012 stable: Fitch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12967</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 19 Jan 2012 06:16:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- Ratings agency Fitch has assigned a stable outlook to the retail sector for 2012 as factors such as expected sales growth-driven expansion and efficient working capital management are likely to benefit retail companies. Despite the economic downturn, Fitch expects the food and value segments to provide a defensive play.]]></description>
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            <title><![CDATA[Sobha Developers launches two projects in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12966</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 19 Jan 2012 06:15:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- Bangalore headquartered Sobha Developers Limited today announced their foray into Chennai residential market launching two ventures with a combined project size of over Rs 400 crore. Company Managing Director J C Sharma announced the launch of Sobha Merrita and Sobha Serene at Kelambakkam and Porur on the city outskirts respectively.]]></description>
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            <title><![CDATA[Reliance SEZ on way out, Haryana govt wants its 1,384 acres back]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12965</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 19 Jan 2012 06:14:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reliance India Limited (RIL) Special Economic Zone (SEZ) in Gurgaon is on its way to being shelved. Sources say RIL is expected to return the 1,383.68 acres it got from the government back to the Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC).]]></description>
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            <title><![CDATA[Re drop makes realty attractive for NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12964</link>
			<source>The Times of India</source>
			<pubDate>Wed, 18 Jan 2012 06:13:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Many NRIs are teaming up with like-minded buyers on real estate group buying sites to shop for flats in India. The cheaper rupee and deep discounts offered by developers through these portals has triggered a substantial jump in property-related enquiries from NRIs in the US, UK and the Middle East in the last three months.]]></description>
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            <title><![CDATA[Energy efficiency and buildings sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12963</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 18 Jan 2012 06:12:11 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Current norms for ‘green&#039; buildings should be made mandatory, rather than voluntary. In 2008, for the first time ever, the urban global population outnumbered that of the rural. This visible pattern has escalated during the last couple of decades; projections suggest that by the end of the twenty-first century, 80 per cent of the global population will live in cities (which occupy 0.05 per cent of the Earth&#039;s surface).]]></description>
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            <title><![CDATA[Office space leasing up 8% in 2011: DTZ India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12962</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Jan 2012 06:09:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Commercial office space take-up across India&#039;s top seven cities in 2011 was up 8% over last year, says property consultancy DTZ India. The demand for office space was high in the first half of 2011 when significant deal closures happened but demand slowed down considerably during the second half. Bangalore, Delhi, Chennai and Mumbai saw higher than the average quarterly take-up during Q4 2011, while the other Indian markets reported weaker sentiment from occupiers.]]></description>
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            <title><![CDATA[Mum, Delhi slip on real estate list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12961</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Jan 2012 06:08:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Due to rising economic and inflationary pressures, rankings for two major metros of the country, Mumbai and New Delhi, slid down to 15th and 12th position, respectively, on the list of foremost real estate investment markets, a survey by consultancy firm PwC said.  Last year, however, PwC had ranked Mumbai at the third and New Delhi at the fifth place.]]></description>
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            <title><![CDATA[Limits to growth in India, China]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12960</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 18 Jan 2012 06:07:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Both China and India have been riding a tiger that is the real estate sector. As the Reserve Bank of India readies its third quarter review of monetary policy and the economy for release on January 24, will it take comfort from the data on inflation, which suggests it is slowly climbing down from its high levels? In December, headline inflation fell to 7.4 per cent, the lowest in two years. To the central bank, that datum will appear a fitting testimony to the success of its policy, of persistent increases in interest rates. The falling rate may tempt it to stay its hand on further increases. But for the central bank, the victory will appear to be a hollow one, if it were to cast an eye beyond its immediate mandate for price control, to the overall impact rising rates have had on growth itself.]]></description>
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            <title><![CDATA[IT/ITeS to drive demand for office space in 2012: Fitch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12959</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 18 Jan 2012 06:06:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Riding high on the growth in the IT/ITeS sector, demand for commercial office space will continue to grow in 2012, a survey by Fitch Ratings said. The rating agency, in its report titled &quot;2012 Outlook: Indian Real Estate Sector&quot;, has hinted at a lower growth in the retail commercial space.]]></description>
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            <title><![CDATA[Outlook on real estate negative: Fitch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12958</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 18 Jan 2012 06:06:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Rating agency Fitch has assigned a negative outlook to the real estate sector for this year due to weak demand and high cost of construction. It said high equated monthly installments, resulting from significantly higher interest rates, besides lower household surplus due to high inflation and high residential unit prices, have reduced affordability for properties.]]></description>
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            <title><![CDATA[PEs Plan to Exit Large Township Projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12957</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Jan 2012 06:13:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity funds are trying to exit their investments in large integrated township developments where the projects have been stuck for lack of demand or clarity on approvals. PE funds like Kotak Realty Fund, Redfort Capital and IL&amp;FS, whose township projects have been stuck since they invested a few years ago, are now changing their investment strategies and are focussing on investing in short term, small format projects which will be completed in three to four years at the most.]]></description>
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            <title><![CDATA[India to face challenges on energy front, says Pachauri]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12956</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Jan 2012 06:12:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- India would face serious challenges in energy security if business continued in the inefficient manner as it is being conducted at present, Nobel peace prize winner R K Pachauri said. &quot;The country is facing a serious challenge in energy security because of increasing demand for it at rates dangerously high,&quot; Pachauri, DG of the Energy and Resources Institute (TERI), said here today.]]></description>
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            <title><![CDATA[Delhi slips to 15th position as a real estate investment destination]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12955</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Jan 2012 06:11:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- Growing economic and inflationary pressures saw Delhi and Mumbai slip from their third and fifth place in last year&#039;s list of real estate investment opportunities to 15th and 12th position respectively in 2012, said a real estate investment forecast Emerging Trends in Real Estate Asia Pacific 2012, which is jointly published by the Urban Land Institute (ULI) and PwC.]]></description>
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            <title><![CDATA[Mumbai residential realty market to start recovery from second half 2012: JLL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12954</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 17 Jan 2012 06:10:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Residential property market in Mumbai will start witnessing a recovery in the second half of 2012 as it looks set to bottom out by the second quarter of the year, said property consultancy firm Jones Lang LaSalle India. &quot;The reduction of interest rates expected by the second half of the year will help kick-start a generalized - though cautious - recovery in demand for residential property, leading to an increase in launches,&quot; a release from JLL quoted Ramesh Nair, Managing Director - West, Jones Lang LaSalle India as saying.]]></description>
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            <title><![CDATA[Sanjay Dutt: On Firm Ground]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12953</link>
			<source>Forbes India</source>
			<pubDate>Tue, 17 Jan 2012 06:09:40 +0530</pubDate>
			<description><![CDATA[Forbes India- The Indian real estate sector is full of contradictions. The demand- and supply-side dynamics change every few kilometres in most cities, making it all the more difficult to look for a definite trend. But one can conclusively say that construction activity in India, despite poor sentiments, is positive. Over the past five years, the market value of investment-grade real estate under construction has grown about 20 percent to touch $160 billion.]]></description>
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            <title><![CDATA[Prestige group to enter retail sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12952</link>
			<source>Business Standard</source>
			<pubDate>Tue, 17 Jan 2012 06:08:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developer, Prestige Group, is entering the retail space in the next three months by floating a special purpose vehicle, which will set up department stores across the country, said its chairman and managing director Irfan Razack. “We will invest around Rs 300 crore and the target would be mid-income group,” he said after launching Prestige Bella Vista, its first residential project for the Chennai market.]]></description>
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            <title><![CDATA[Emaar-APIIC township scam: CBI quizzes MP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12951</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Jan 2012 06:07:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Central Bureau of Investigation (CBI) today questioned Rajya Sabha member KVP Ramachandra Rao of the Congress, in connection with the Emaar-APIIC township scam. KVP, who was said to be very close with the late chief minister YS Rajasekhara Reddy, said he was called by the CBI as a witness in the case.]]></description>
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            <title><![CDATA[Speak to Metro to connect housing projects, DDA told]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12950</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Jan 2012 06:06:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi Development Authority has been told to hold talks with Delhi Metro Rail Corporation (DMRC) to ensure that future housing projects and upcoming Metro routes can be syncronised. Urban Development Minister Kamal Nath discussed the issue of few takers for houses in sub-cities, like Narela, during an interactive sessions with DDA officials on Friday.]]></description>
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            <title><![CDATA[Finally, flat buyers will also be owners]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12949</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 17 Jan 2012 06:06:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- To ensure that apartment buyers do not have to struggle to sell their property, obtain loan on it or leave it to their children as legally recognised legacy, the Delhi High Court has set the ball rolling to guarantee buyers “exclusive ownership rights”. A bench headed by Acting Chief Justice A K Sikri has noted that the authorities must execute for flat buyers a “deed of apartment” as per the Delhi Apartment Ownership Act — which allows “heritable right”.]]></description>
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            <title><![CDATA[IL&amp;FS buys 9% in Indiabulls’s Mumbai project for 200 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12948</link>
			<source>The Times of India</source>
			<pubDate>Mon, 16 Jan 2012 06:45:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Infrastructure financing major IL&amp;FS is investing Rs 200 crore in a project by Indiabulls Real Estate that is coming up in the upmarket Worli area in the city. IL&amp;FS is buying 9.4% in Indiabulls Infraestate, a subsidiary of Indiabulls Real Estate, which is developing the project on the 8.3-acre prime land that was earlier Bharat Mills compound, valuing the company at about Rs 2,150 crore.]]></description>
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            <title><![CDATA[Building a brick &amp; mortar empire]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12947</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 16 Jan 2012 06:44:14 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The book comes at a time when land acquisition issues are under intense public scrutiny and farmers’ agitations have led to the crafting of a new land acquisition policy. But, controversies aside, the book offers a first-hand account of how a real estate baron grappled with a maze of archaic laws and town planning norms, persuaded lawmakers to change some obsolete ones, and went on to build, brickby- brick, what is today India’s largest real estate company.]]></description>
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            <title><![CDATA[Accountability, crucial for any regulation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12946</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 16 Jan 2012 06:42:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- All stakeholders should be accountable if there is to be a law providing for a regulator to oversee the sector. ‘Make all the stakeholders accountable if there is to be a law providing for a regulator to oversee the real estate sector&#039; appears to be the major demand of those providing services and products. The proposed law, Real Estate (Regulation and Development) Bill 2011, while widely welcomed, cannot just be for developers, they say. The Bill has been widely welcomed by consumer organisations and agencies involved in the sector.]]></description>
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            <title><![CDATA[The Draft Real Estate Regulation Bill is a toothless piece of legislation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12945</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 16 Jan 2012 06:40:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- The new act asks me to register my project under section 3 before I develop any immovable property or make any construction on it. The act also waives of registration of the project if it is less than 4,000 square meters in size. So I could break up my apartment blocks with passage between them as gaps in the perimeters into sizes less than 4,000 square meters each. This way I can easily fly under the radar and avoid detection by law.]]></description>
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            <title><![CDATA[High stakes in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12944</link>
			<source>Indian Express</source>
			<pubDate>Mon, 16 Jan 2012 06:37:17 +0530</pubDate>
			<description><![CDATA[Indian Express- The Brihanmumbai Municipal Corporation (BMC) is not just another urban civic body. With its Rs 21,000 crore annual budget, far surpassing that of some states, its projects and contracts running into several hundreds of crores and its central role in running the affairs of the megapolis, this is one powerful agency to lord over. Which is why elections to this civic body also assume the proportions of a mini assembly poll. In 2012, the lakh-plus new voters in Mumbai are inheriting a troubled economy, uninspiring politics but have a growing awareness of democratic responsibilities. These factors that make BMC 2012 more relevant than for the combination of prosperity and power it gives victorious corporators.]]></description>
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            <title><![CDATA[Mangalore real estate developers seek funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12943</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 16 Jan 2012 06:36:23 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The real estate developers&#039; body in Mangalore has urged bankers not to compare them with developers in mega cities while extending funds to them. Speaking at the inauguration of a home loan fest, organised by the State Bank of India (SBI) here on Saturday, Mr P.M.A. Razak, Chairman of Mangalore chapter of CREDAI (Confederation of Real Estate Developers&#039; Association of India), said loan sanctions are not materialising because bankers compare them with their counterparts in metros.]]></description>
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            <title><![CDATA[Is boom in skyscraper construction in India really a sign of impending recession?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12942</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 16 Jan 2012 06:35:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- The word skyscraper was not always synonymous with a very tall building. In the 18th century, the word was used to describe the sail on the top of ship&#039;s mast. By the mid-19th century, it was used alternatively to describe a &quot;very tall man&quot; or a &quot;high-flying bird.&quot; It was only in 1888 that the word was first used to describe the mammoth structures we know. But even before skyscrapers were named so, they were synonymous with one thing: trouble. In the Bible, the construction of the Tower of Babel, one that aspired to reach into the heavens, was seen as an act of hubris against god.]]></description>
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            <title><![CDATA[Global PE majors woo Prestige to buy out SEZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12941</link>
			<source>Business Standard</source>
			<pubDate>Mon, 16 Jan 2012 06:34:09 +0530</pubDate>
			<description><![CDATA[Business Standard- Global private equity majors are understood to be holding discussions with Prestige Constructions to buy out a special economic zone (SEZ) here for close to Rs 1,800 crore. Called Cessna Business Park, the 4.5-million sq ft project houses marquee technology majors like Cisco as its clients. The rental-yielding fully-developed SEZ on the Sarjapur-Marathalli outer ring road, is one of Prestige’s landmark commercial space developments.]]></description>
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            <title><![CDATA[ASK Group on road to raise Rs 3,000 cr for two funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12940</link>
			<source>Business Standard</source>
			<pubDate>Mon, 16 Jan 2012 06:32:43 +0530</pubDate>
			<description><![CDATA[Business Standard- The Mumbai-based ASK Group, a financial and portfolio management advisory, with $1.5 billion under management, is on the road to raise as much as Rs 3,000 crore for two funds it is advising. While Rs 1,500 crore will be for a real estate fund, an equal sum will be for a sector- agnostic private equity one. ASK, which is into wealth advisory, investment management and property investment management, is also embarking on setting up an asset management company (AMC). This is to look at launching mutual funds focused on ultra high net worth individuals (HNIs).]]></description>
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            <title><![CDATA[Flat owners allege delay in project completion by Jaypee]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12939</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Jan 2012 06:31:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- About 150 flat buyers in Jaypee Group&#039;s well-known &#039;Wish Town&#039; housing project in Noida today alleged that the builder has delayed completion of the project causing them financial burden. The buyers who booked their flats in 2007 and early 2008 in four projects -- Kalypso Court, Imperial Court, Pavillion Court and Pavillion Heights -- have formed an association &#039;Jaypee Wish Town Flat Owners Association&#039; (JPWTFOA) to exert pressure on the builder for early delivery of their flats.]]></description>
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            <title><![CDATA[Six loopholes in Realty Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12938</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Jan 2012 06:30:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- On Wednesday, January 11, the Ministry of Housing and Urban Poverty Alleviation invited comments on the draft Real Estate Regulation Bill (RERB). In Maharashtra, the state government has released a draft version of its own real estate regulation Bill, the very first state government to take the step. In this backdrop, it would be instructive to take a look at the draft legislation once again. There are some loopholes in the legislation that need to be examined thoroughly so that the interest of the buyer is protected.]]></description>
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            <title><![CDATA[NRIs too can avail home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12937</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Jan 2012 06:29:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- NRIs too can avail home loans for purchase of residential property. They can purchase a house and can even take loan for self-construction on a plot and also for renovation/improvement of an existing residential property in India. Like resident Indians, NRIs can avail up to 80-85 per cent of the cost of residential property as a home loan. However, the down payment should be directly remitted from abroad through normal banking channels or from non-resident external (NRE) account and/or non-resident (ordinary) (NRO) account in India. EMI payments too should be remitted from any of these accounts.]]></description>
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            <title><![CDATA[The rise of real estate corporate finance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12936</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Jan 2012 06:28:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- Financial crises in some or the other form are the results of overheating markets, excessive debt leveraging, credit booms, errors in reading risks, too much money leaving the country in too short a period, faulty or mismanaged macroeconomic policies and unmonitored deregulation. India is currently feeling the fallout of the on-going global crisis. The country’s equity and credit markets are reeling under the combined effects of reduced overseas financing for Indian banks and corporates, reduced opportunities to raise funds on the Indian capital market and increasingly constrained internal accruals by corporates.]]></description>
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            <title><![CDATA[Gurgaon now looks to its periphery]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12935</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 16 Jan 2012 06:23:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Gurgaon realty has always been centred on the Golf Course road and the M-G road. The attraction offered by the former is the mixed development of high specifications both in the residential and commercial segment while the latter has been popular on account of the malls and also for its connectivity to the NH-8. With saturation setting in along these locations, developers have now focussed their attention on the Golf Course Extension Road and the Northern Peripheral Road. In early 2008, prices were in the range of Rs 3,000 a square foot. That has risen since then and today, projects command a price of Rs 6,000 and above per sq ft.]]></description>
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            <title><![CDATA[Get building plan nod in 2 months]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12934</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Jan 2012 07:19:22 +0530</pubDate>
			<description><![CDATA[The Times of India- Getting your building plans sanctioned won’t be caught in red tape. NDMC has now brought six more crucial citizen-centric services under the ambit of the Service Level Agreement (SLA). Since December last year, the agency has started processing applications related to sanctioning of building plans, electricity and water connections, booking of community centres and parks, birth and death certificates and health trade licences, in a time-bound manner.]]></description>
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            <title><![CDATA[INDEX OF MORTGAGED PROPERTIES VITAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12933</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Jan 2012 07:18:36 +0530</pubDate>
			<description><![CDATA[The Times of India- The Finance Minister, in his Budget speech for 2011-12, had elaborated on the establishment of a Central Registry. The objective of setting up the Central Registry is to prevent more than one loan being taken from different banks for the same property. This Registry became operational on March 31, 2011.]]></description>
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            <title><![CDATA[BEQUEATH PROPERTY WITH CLEAR TITLE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12932</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Jan 2012 07:17:43 +0530</pubDate>
			<description><![CDATA[The Times of India- All those who own properties must ensure that they leave behind clear titles so that their children or heirs do not suffer.     Realty experts say that it is wrong to believe that a large number of people sitting on properties worth a fortune in the capital redevelop their properties to earn more.]]></description>
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            <title><![CDATA[MILLION DOLLAR VIEW FROM BOOMERANG HOMES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12931</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Jan 2012 07:16:50 +0530</pubDate>
			<description><![CDATA[The Times of India- Jaypee Greens recently launched Boomerang Residences at Jaypee Greens Wish Town, Noida. As the name ‘Boomerang Residences’ suggests, the project has been developed to bring luxury, comfort and convenience at the doorstep of its residents. Boomerang Residences will offer blissful and luxury living at its best; built to ensure harmony with nature, these premium highrise residences will cater to people who have a taste for fine living, a company spokesman says.]]></description>
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            <title><![CDATA[REALTY IN CHOPPY WATERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12930</link>
			<source>The Times of India</source>
			<pubDate>Sat, 14 Jan 2012 07:15:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Commercial and residential realty are in choppy waters as a weak global economy and sluggish economic growth on the domestic front are hitting absorption rates across top Indian cities. Demand for commercial space has declined in the country with a slowdown in economic growth. This clearly suggests that creation of fresh job will take a hit, which, in turn, will impact the demand for residential space.]]></description>
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            <title><![CDATA[Most promising real estate hotspot in Navi Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12929</link>
			<source></source>
			<pubDate>Sat, 14 Jan 2012 07:14:41 +0530</pubDate>
			<description><![CDATA[- Today, EstateLister.com explains why Airoli, a town near New Mumbai, Mumbai&#039;s satellite city, has emerged as a good real estate investment in the last decade. Next week we will bring to you why Yamuna Expressway near Noida in Uttar Pradesh is fast emerging as a real estate investment hub.]]></description>
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            <title><![CDATA[Fitch: Negative outlook for Indian cement sector in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12928</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 14 Jan 2012 07:13:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Fitch Ratings says that the 2012 outlook for the Indian cement sector is negative, driven by a cyclical moderation in demand and structural overcapacity in the industry. Cement volumes are largely the result of real estate construction and infrastructure projects. Fitch expects future activity in both these sectors to remain muted given low real credit growth, leading to cement dispatch volume growth to range from 2% to 5% in 2012.]]></description>
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            <title><![CDATA[CORRECTED-Singapore funds in talks to invest $100 mln in Indian SEZ –sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12927</link>
			<source>Reuters</source>
			<pubDate>Sat, 14 Jan 2012 07:12:18 +0530</pubDate>
			<description><![CDATA[Reuters- Singapore property funds Ascendas Pte Ltd and Mapletree Investments Pte Ltd are in talks to invest a total of about $100 million in a special economic zone near the Indian city of Pune, three sources with direct knowledge of the matter said. The funds are negotiating with Indiareit Fund Advisors, a property fund managed by Indian billionaire Ajay Piramal, and real estate developer Paranjape Schemes to buy a majority stake in the Blue Ridge SEZ, the sources said.]]></description>
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            <title><![CDATA[Bangalore realty retains10th rank for investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12926</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 14 Jan 2012 07:11:21 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Bangalore has retained its tenth rank among the most favoured real estate investment destinations in the Asia Pacific region. A study on emerging real estate trends in the region by PricewaterhouseCoopers (PwC) and Urban Land Institute had ranked the city tenth last year also. Bangalore&#039;s organic, growth-driven market and ability to buck mega trends has helped it retain its credentials as a stable play and maintain its position on the list, the report said.]]></description>
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            <title><![CDATA[Cash-rich realtors use correction to buy land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12925</link>
			<source>Business Standard</source>
			<pubDate>Sat, 14 Jan 2012 07:10:23 +0530</pubDate>
			<description><![CDATA[Business Standard- With depressed market and so many peers anxiously dumping lots to raise cash, they sense a great and rare opportunity. While realty biggies are in a rush to sell their land parcels to reduce debt, a few cash-rich and low-debt property developers and companies sense an opportunity to seal big-ticket deals.]]></description>
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            <title><![CDATA[Parsvnath to sell prime Delhi land for about Rs 700 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12924</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:09:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Parsvnath Developers is looking to sell 1.18 acre of commercial land near Connaught Place in the National Capital for about Rs 700 crore in order to reduce debt. The company had acquired the land at Kasturba Gandhi Marg in 2008 for about Rs 200 crore and had announced plans to develop retail-cum-office building at the location.]]></description>
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            <title><![CDATA[NDMC budget: No increase in property tax of VVIP areas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12923</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:08:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- The New Delhi Municipal Council&#039;s (NDMC) budget unveiled today spared the VVIP areas of an increase in property tax, besides having no new major development initiatives. The Rs 2,289.64 crore budget for the NDMC, which covers the Lutyens&#039; Delhi, proposes revamped power and water supply system, upgradation of markets, sprinkler irrigation system in Shanti Path, 35 new public toilets, CCTV survey of drainage for retrofitting and a flower show.]]></description>
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            <title><![CDATA[Supertech to invest Rs 2,250 cr on housing project in Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12922</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:07:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate company Supertech today said it will invest Rs 2,250 crore to develop a luxury housing project in Noida and has roped in Twinkle Khanna, former film actress, as the interior designer. The Noida-based company will develop 650 flats in &#039;ORB&#039; project, a part of 50-acre integrated township &#039;Capetown&#039;.]]></description>
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            <title><![CDATA[Trump Tower got extra FSI meant to rehabilitate tenants]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12921</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:06:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- While the proposed Trump Tower has run into troubled waters with the state government revoking permissions, it has now emerged that the project was sanctioned benefits available for rehabilitation of tenants in cessed buildings, even though a majority of the houses were found to have been bought by the developer himself.]]></description>
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            <title><![CDATA[Providing affordable housing is a challenge for construction industry: Contractor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12920</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:05:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- Constro -2012, an exhibition on construction machinery, materials, methods and projects, was inaugurated by architect Hafeez Contractor on Thursday. The four-day exhibition is being held at Agriculture College grounds, Range Hill. Speaking at the inauguration, Contractor said the challenge before the construction industry is to provide affordable housing to 70 per cent of the population of the country.” He said that increasing the floor space index (FSI) will play a major role in solving the housing problem.]]></description>
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            <title><![CDATA[Low demand, applicants ‘sure’ to get apartments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12919</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 14 Jan 2012 07:04:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- Perhaps for the first time in the history of Tricity, applicants for upmarket flats being constructed by a government agency can hope of an almost assured allotment. Greater Mohali Area Development Authority&#039;s (GMADA) Purab Premium Apartments at Sector 88 in Mohali, has received over 3,000 applications till Thursday evening.]]></description>
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            <title><![CDATA[Jaypee pulls out of Ganga e-way project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12918</link>
			<source>The Times of India</source>
			<pubDate>Fri, 13 Jan 2012 07:37:39 +0530</pubDate>
			<description><![CDATA[The Times of India- In a major setback to the Maya government and commuters, the Jaypee group has reportedly pulled out of the 1,047km-long Ganga Expressway project after withdrawing the Rs 1,000 crore bank guarantee. Sources in the developer group said that the government had failed to provide environmental clearance for the project and it was in no position to invest a huge amount in it.]]></description>
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            <title><![CDATA[HIGHRISE LIVING IN INDIA: HOW SAFE? =Delhi-NCR is gearing up for skyscrapers, but how safe is highrise living?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12917</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:36:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- With a handful of builders like Ireo, Raheja and Supertech proposing high-end skyscrapers,the trend of vertical development now seems to be catching up in Delhi NCR. After all,when global cities like New York, Dubai and Hong Kong can do it and back home Mumbai can be seen doing it, why can&#039;t the National Capital Region too take to high living - particularly, in view of all the factors and circumstances, ranging from relaxed norms to consumer preference to the shortage of land and rising land prices, tilting in its favour?]]></description>
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            <title><![CDATA[BRTs to pump life into east-west corridor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12916</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:35:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- The controversial East-West Corridor may finally see the light of the day with the PWD suggesting its integration with three new BRT corridors. &quot;Parts of these three BRT corridors fall in the same route as the proposed the East-West Corridor and it has been suggested that the project be integrated with these corridors,&quot; said a senior official of the public works department (PWD).]]></description>
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            <title><![CDATA[A new jewel in the crown -Aerens Gold Souk commences the construction of India International Habitat Centre - The new pinnacle of Punjab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12915</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:34:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Leading real estate developer Aerens Gold Souk Group performed the Bhoomi Pujan of its mega project - India International Habitat Centre (IIHC) on January 8, 2012. The bhoomi pujan marked the commencement of construction and was held at the project site - India International Habitat Centre, NH-1, Adjacent to Hardys World Amusement Park,Village-Kadian,Jalandhar Bye Pass, Ludhiana.]]></description>
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            <title><![CDATA[Home in on a Property Abroad, the Right Way -Consider the law of the land &amp; economic realities along with your needs before signing the deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12914</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:34:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- Most people were once content with a holiday home in a hill station a few hours away from their city. However, these days, many of them, especially the well-heeled, want to own a pad in a foreign location. Sure, many celebrities and businesspersons have been crowing about their ‘own’ house to live in while travelling abroad for work or holidays, many others — not so rich or famous — are also jumping on to the bandwagon. In fact, according to a survey by Knight Frank, a real estate consultancy firm, around 45% of the people who buy property abroad are employed professionals.]]></description>
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            <title><![CDATA[Private equity investments in real estate grew 69% in 2011: Venture Intelligence]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12913</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:33:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investments by private equity funds in Indian real estate grew 69% in 2011, said research firm Venture Intelligence, which tracks PE and VC investment activity in India. Of the 69 transactions that happened during the year, 53 had an announced value of $2,679 million compared to $1,582 million across 63 investments in 2010. The year 2011 saw increased private equity activity in the sector as real estate developers faced a cash crunch. This was because of a drop in home sales as well as banks reducing their exposure to real estate companies.]]></description>
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            <title><![CDATA[Rajendra Pachauri bats for ‘green’ housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12912</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 13 Jan 2012 07:32:00 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- There is an institutional gap in rural areas, and thus it is difficult to implement the green rating for integrated habitat assessment (Griha) scheme in those areas, said Nobel prize laureate Rajendra Pachauri, who is also director of The Energy and Resources Institute (Teri). He was talking to media persons on Wednesday after a meeting with Confederation of Real Estate Developers’ Associations of India (Credai) members on environmental issues and eco-housing. Griha is a national rating system for green buildings in the country, approved by the Union ministry of new and renewable energy.]]></description>
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            <title><![CDATA[Case filed against MIMEC for alleged real estate fraud]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12911</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 13 Jan 2012 07:31:14 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Five individuals, who had booked residential properties on the outskirts of Hyderabad, have moved a city court for an alleged fraud against MIMEC India Ltd. According to MIMEC&#039;s latest filings to the Registrar of Companies, Kolkata, three ITC associate companies – Russell Investments Ltd, Divya Management Ltd and Antrang Finance Ltd – jointly hold 1,64,509 shares of Rs 10 each, representing 79.86 per cent of the paid-up equity of 2,06,006 shares of MIMEC.]]></description>
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            <title><![CDATA[New Land Bill not investor friendly: Pronab Sen]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12910</link>
			<source>Business Standard</source>
			<pubDate>Fri, 13 Jan 2012 07:30:18 +0530</pubDate>
			<description><![CDATA[Business Standard- The new land acquisition Bill, which is set to replace the Land Acquisition Act, 1894, would make acquiring large tracts of land infeasible, said Pronab Sen, principal advisor, planning commission, government of India, here on Thursday. The new Bill says compensation to land owners has to be four times the market value of land in rural areas, and two times the market value in urban areas.]]></description>
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            <title><![CDATA[Sri City looks to break even in 5 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12909</link>
			<source>Business Standard</source>
			<pubDate>Fri, 13 Jan 2012 07:29:36 +0530</pubDate>
			<description><![CDATA[Business Standard- Sri City, a planned integrated business city at Tada near Nellore, is expecting to reach the break even point in the next five years, according to Raghini Peter, senior vice-president (business development), Sri City. “We have already signed agreements with  63 companies across sectors, of which around 25 are operational, 18 are under various stages of construction while the remaining are on the drawing board stage. We hope to have 400 companies at the multi-product special economic zone (SEZ) in the next five years, which will give us the scale to break even,” she said.]]></description>
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            <title><![CDATA[Ashiana Housing enters into Gujarat realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12908</link>
			<source>Business Standard</source>
			<pubDate>Fri, 13 Jan 2012 07:28:41 +0530</pubDate>
			<description><![CDATA[Business Standard- Ashiana Housing Ltd has entered into Gujarat real estate market through a revenue share agreement for 10.65 acres of land located in Halol near Vadodara in Gujarat, the company informed in a statement issued on Thursday.Over the past few years, rapid industrialization, growth of manufacturing sector and creation of a better social infrastructure has made Gujarat the most attractive destination for real estate.]]></description>
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            <title><![CDATA[LIC Home Finance launches Rs 500-cr VC fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12907</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 13 Jan 2012 07:27:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Life insurance major LIC&#039;s housing finance subsidiary LICHFL today launched a Rs 500-crore venture capital fund to finance realty and micro infrastructure projects. 
LIC Housing Finance (LICHFL) and Life Insurance Corporation (LIC), sponsors of the fund, have pooled in Rs 50 crore each and another Rs 100 crore have been raised through external investors to launch the fund.]]></description>
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            <title><![CDATA[HUDCO to raise up to Rs 4,685 cr through tax-free bonds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12906</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 13 Jan 2012 07:27:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing and Urban Development Corporation Ltd (HUDCO) today said it will raise up to Rs 4,685 crore through a public issue of tax-free bonds. The company said it had yesterday filed a draft prospectus for the same with the National Stock Exchange (NSE), where these bonds would be listed.]]></description>
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            <title><![CDATA[Developers want ‘force majeure’ in draft Realty Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12905</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 13 Jan 2012 07:26:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developers, smarting from the Greater Noida debacle where the Allahabad High Court halted construction of disputed projects, have sought inclusion of “force majeure” provisions in the proposed real estate bill drafted by the central government. The developers’ associations — Confederation of Real Estate Developers’ Associations of India (CREDAI) and National Real Estate Development Council (NAREDCO) — raised their concerns over the provisions of the bill in a one-day consultation process held by the housing and poverty alleviation ministry in the Capital on Wednesday.]]></description>
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            <title><![CDATA[House that: 30-storey building built in 15 days -Hotel Constructed In China By 200 Workers In 360 Hrs, Reducing Waste Of Material &amp; Energy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12904</link>
			<source>The Times of India</source>
			<pubDate>Thu, 12 Jan 2012 07:16:22 +0530</pubDate>
			<description><![CDATA[The Times of India- The Chinese tycoon behind a 30-storey energysaving building that went up in just 15 days said on Wednesday he intends to duplicate the model across the vast and heavily polluted nation. The prefabricated building, the five-star T30 Hotel at Dongting lake, Hunan province, that opens on January 18, became an internet sensation after time-lapse video posted online showed it being constructed by 200 builders in just 360 hours.]]></description>
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            <title><![CDATA[PE Investments Soar 75% in Realty -But MFs shun sector on rising interest rates and falling revenues]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12903</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 12 Jan 2012 07:15:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity investments in India’s real estate projects have grown more than 75% over the past year, even as mutual funds and other investors have shunned this sector because of rising interest rates and falling revenues. Analysts say developers approach private equity players and are more amenable to negotiations during such downturns. That explains why investments in real estate projects by various private equity funds have soared, rising to $1,656 million in 2011, from $944.7 in the previous year, according to accountancy and advisory firm Grant Thornton, while mutual funds reduced their exposure to the sector drastically during this period.]]></description>
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            <title><![CDATA[Call to include brokers, agents in real estate regulation Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12902</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 12 Jan 2012 07:14:17 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Consumer associations want the Government to include brokers and agents in the proposed Real Estate (Development and Regulation) Bill. And industry players have sought fast-tracking of project approvals. These were among the key suggestions during the national consultation on the draft Bill, organised by the Ministry of Housing and Urban Poverty Alleviation (HUPA). Consumer organisations also sought reduction in the upper limit of the project area from the proposed 4,000 sq meters. They wanted the Ministry to specify the number of minimum units being constructed beyond which registration becomes essential.]]></description>
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            <title><![CDATA[Housing &amp; Urban Poverty Alleviation Ministry Holds National Consultation on Real Estate (Regulation and Development) Bill 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12901</link>
			<source>press information bureau</source>
			<pubDate>Thu, 12 Jan 2012 07:13:28 +0530</pubDate>
			<description><![CDATA[press information bureau- A day-long National Consultation on the Draft Real Estate (Development and Regulation) Bill was organized here today by the Ministry of Housing and Urban Poverty Alleviation (HUPA). Minister for Housing and Urban Poverty Alleviation and Culture Kumari Selja chaired the meeting. More than 100 participants from all over the country including representatives of State and Central Government Ministries and Departments, members of industry associations like CREDAI, NAREDCO, FICCI, PHD Chamber of Commerce,various Consumer Welfare Organizations and legal and technical experts participated in the meeting.]]></description>
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            <title><![CDATA[Where should NRIs invest their gains from a weak rupee]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12900</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 12 Jan 2012 07:12:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- The rupee was quoting at 44.8001 against the US dollar seven months ago, and has depreciated 18.28% since then. A falling rupee is not the best news for us, but it definitely is for exporters and NRI investors who will receive more rupee funds on conversion. Given the current scenario, NRIs have some good investment options to park their surplus funds.]]></description>
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            <title><![CDATA[Bangalore real estate market plunges by 7% in Q3 FY 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12899</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 12 Jan 2012 07:11:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a rising interest rate regime, where residential real estate is clearly feeling the heat, Bangalore as compared to other metros, is clocking in a fairly decent performance. 
Bangalore residential sales volumes fell by a mere 7% y-o-y in Q3CY11 compared to the steep fall witnessed in the cities of Mumbai at 48% and Delhi at 31% due to healthy demand from the IT sector and only a modest (+7% y-o-y) increase in real estate prices, said a report by Prabhdas Lilladher, a brokerage firm.]]></description>
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            <title><![CDATA[Realty guide to help your house hunt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12898</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 12 Jan 2012 07:11:22 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- If you are searching for a good real estate consultant to sell, buy, lease or rent a property in any area of the city or outside, your search ends here. The directory of Ahmedabad Realtors&#039; Association (ARA) will provide not only contact details of consultants but also certain legal aspects related to property deals. ARA, affiliated to National Association of Realtors (NAR), will launch the first directory of real estate brokers of city on Wednesday. &quot;The directory will comprise contact details of nearly 200 real estate brokers of the city affiliated with the association,&quot; said Pravin Bavadiya, ARA president.]]></description>
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            <title><![CDATA[Property Investments by Private Equity Firms in India Advance 69% in 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12897</link>
			<source>Bloomberg</source>
			<pubDate>Thu, 12 Jan 2012 07:10:30 +0530</pubDate>
			<description><![CDATA[Bloomberg- India’s property investments by private-equity firms rose 69 percent last year, according to Venture Intelligence, a research company that tracks private equity, and mergers and acquisitions. Private equity made $2.68 billion of real-estate investments through 53 transactions in the country, Chennai, India-based Venture Intelligence said in an e-mailed statement late yesterday, based on deals that have been announced. In 2010, they spent $1.58 billion on 55 investments, it said.]]></description>
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            <title><![CDATA[Retail realty commands unreal prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12896</link>
			<source>The Times of India</source>
			<pubDate>Thu, 12 Jan 2012 07:08:40 +0530</pubDate>
			<description><![CDATA[The Times of India- Believe it or not, it is at least twice as expensive to lease retail space in Kolkata than Bangalore or Hyderabad. There are even instances of property in the city commanding as much rent as one in Mumbai or Delhi. &quot;I can get a retail property in Bangalore or Hyderabad for Rs 50/sq ft. But the situation is peculiar in the east. In a place like Patna, realtors are demanding Rs 100/sq ft. In Kolkata, it is obviously higher than that,&quot; Reliance Trends senior vice-president (operations) Akhilesh Prasad said on Wednesday.]]></description>
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            <title><![CDATA[PE investment in India at $10.11 billion in 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12895</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Jan 2012 07:07:03 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Private equity firms made investments worth $10.11 billion in India during 2011, taking their total investment over the past five years to about $47 billion, a report by research firm Venture Intelligence says. In 2011, investments worth $10.1 billion were announced by way of 441 deals, compared to $8.1 billion through 362 deals in the previous year.]]></description>
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            <title><![CDATA[Interest subvention scheme tricks home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12894</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Jan 2012 07:05:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The scheme permits a buyer (after paying upfront amount and getting the balance amount financed by banks) to skip paying any EMI (equated monthly instalment) for a property that is under construction -- till the time of taking its possession. Many residential developers use this tool to gain buyers’ confidence. The statement is tempting: the developer will pay the EMI till the property is under construction. It is only after its the building work is complete that the owner needs to pay to the bank the principal amont along with the interest. In the case of Monica and Sameer, though, the couple received the developer’s letter amid the construction of their property.]]></description>
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            <title><![CDATA[Twenty projects to come up in Pune under &#039;GRIHA`]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12893</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Jan 2012 07:03:39 +0530</pubDate>
			<description><![CDATA[Business Standard- As many as 20 residential projects will come up in Pune and  Pimpri- Chinchwad areas developed on Green Buildings Concept under GRIHA (Green Rating for Integrated Habitat Assessment), said Dr. R.K. Pachauri, director-general, The Energy and Resources Institute (TERI). He was speaking at a seminar organized by CREDAI Pune on the science of climate change, the impacts of continued greenhouse gas (GHG) emissions &amp; mitigation technologies from the perspective of green buildings.]]></description>
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            <title><![CDATA[Sunway launches Grand Neville, a flexi villa project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12892</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Jan 2012 07:02:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Sunway Opus International is ready with its Sunway Opus Grand Neville, a premium flexi villa project near Miyapur, in the vicinity of IT hubs — Hitec City and Gachibowli in Hyderabad. P Prem Kumar, director of Sunway Opus International said, the project gives the customers a lot of flexibility in designing. This project is targeting people wanting to stay in a villa instead of an apartment. The project is coming up in an area of over 4.7 acre, that includes a natural lake. The project is aimed at joint families that look to staying together.]]></description>
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            <title><![CDATA[Ascendas, consortium to set up integrated township in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12891</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Jan 2012 07:01:42 +0530</pubDate>
			<description><![CDATA[Business Standard- Business space provider Ascendas and a consortium comprising top Japanese corporate finance providers -- Mizuho Corporate Bank and  JGC Corporation -- have signed a memorandum of understanding with the Tamil Nadu government for setting up an integrated township project near here. The agreement was signed in the presence of chief minister J Jayalalithaa and Yukio Edano, Japan’s Minister of Economy, Trade and Industry, and Karen Tan, Singapore’s High Commissioner to India.]]></description>
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            <title><![CDATA[Siddha Group places its bet on studio apartments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12890</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Jan 2012 07:00:40 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Studio apartments seem to have gradually taken over service apartments in Kolkata. With the launch of Xanadu Studio Apartment, the builders claim that Kolkata would have the country’s first ‘New York-style one-room multi-facility studio apartments’, ideally meant for IT, ITES, airline companies and the Generation Y. The 324-studio apartments project has a G+10 single tower and is ready for possession.]]></description>
			</item><item>
            <title><![CDATA[Office space supply falls 40% in 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12889</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Jan 2012 06:59:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Prime office space supply dropped 40 per cent in 2011, compared to 2010, according to a report by CB Richard Ellis, a leading real estate consulting firm. An accumulation of vacant stock, weak global economic cues, coupled with delays in expansion plans of occupiers and transaction closures resulted in more than 40 per cent decline in overall supply of new prime office space in top cities of India during 2011. The CBRE forecast for the next few quarters remains bleak, indicating a negative impact on the rental value.]]></description>
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            <title><![CDATA[Emaar proposes Marbella, a gated project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12888</link>
			<source>Business Standard</source>
			<pubDate>Thu, 12 Jan 2012 06:59:07 +0530</pubDate>
			<description><![CDATA[Business Standard- Emaar MGF has launched luxury residential project, Marbella, located at Golf Course Extention Road, Gurgaon sector 65 &amp; 66. Spread over an area of 108 acres, the project offers an exclusive gated residential development comprising villas of three types, Villa Belinda (8,120 sq ft), Villa Monada (6,520 sq ft) and Villa Belleza (5,605 sq ft). The villas are priced at Rs 4.75 crore per 5,605 sq ft, Rs 6.10 crore per 6,520 sq ft and Rs 7.90 crore per 8,120 sq ft, respectively.]]></description>
			</item><item>
            <title><![CDATA[Route thru retail?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12887</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 12 Jan 2012 06:58:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Property developers in India are eagerly waiting for the government to open up the retail sector. The recent pullback after proposing to open up the sector for foreign giants, owing to stiff political opposition, has cast a pall over the country’s commercial property market. If the retail market is completely thrown open to foreign direct investment (FDI), it would, say experts, throw up an unprecedented opportunity for property developers in tier-II and tier-III cities in the country. Even then, Wednesday’s official notification of 100 per cent FDI in single brand retail will open up the market.]]></description>
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            <title><![CDATA[Tata Housing moves SC against stay]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12886</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 12 Jan 2012 06:57:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Tata Housing Development Company Ltd has moved the Supreme Court challenging the high court’s stay on its Camelot housing project. A division bench headed by Justice D K Jain has issued notices to advocate Aalok Jagga, the petitioner who filed the PIL, which lead to the stay order on January 20 last year.]]></description>
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            <title><![CDATA[Joseph Stiglitz for govt role in land acquisition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12885</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 12 Jan 2012 06:56:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Nobel laureate in economics Joseph Stiglitz today said that State should have a role to play in acquiring large pieces of land for setting up industry. &quot;For those who want to acquire large tracts of land from fragmented ownership holdings, it is really a problem and land purchase becomes difficult,&quot; Stiglitz said on the sidelines of a seminar at the Indian Statistical Institute (ISI) here.]]></description>
			</item><item>
            <title><![CDATA[PE story turns sober with fewer exits-At $2Bn, Funds Recoup 40% Less Than Last Yr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12884</link>
			<source>The Times of India</source>
			<pubDate>Wed, 11 Jan 2012 06:50:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Sobering days are here for India’s big fat private equity industry. PE funds recouped significantly lesser money with the number of exits declining by half, raising concerns for global risk investors already worried over poor returns from the country. PE funds exited 55 investments netting $2 billion in 2011. This was significantly lower compared to $3.4 billion recouped in 108 exits during the previous year, said a JM Financial note on private equity sector in India. Limited Partners (LPs) —mostly global pension funds, university endowments and family offices-—who are investors in PE funds want to see higher returns after pouring in big bucks into Indian investments in the last one decade.]]></description>
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            <title><![CDATA[Luxury Brands Prefer Heritage Homes over Five-Star Hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12883</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 11 Jan 2012 06:49:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Heritage homes are fast becoming the favourite hunting grounds of luxury brands scouting for premium retailing space in India, where suitable high-end malls are too few and the sales potential at five-star hotels is still uncertain. When designer wear brand Kimaya Fashions searched for a store in Hyderabad, it settled on a 16,000-sq ft bungalow in the upscale Jubilee Hills, in a property with floor area nearly three times the size of its average outlets. French luxury brand Hermes also moved into a Victorian property in Mumbai’s Horniman Circle to retail its popular Birkin bags.]]></description>
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            <title><![CDATA[Realty to brave recession, prices may remain stable this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12882</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 11 Jan 2012 06:48:27 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- With world economies and regulations in recession mode, the global slump seems to have caught up with Ahmedabad real estate too. Property prices have not appreciated as steeply but the demand for housing has slumped considerably, concede leading city developers. The above-mentioned factors coupled with higher interest rates have adversely affected demand for homes in Ahmedabad. Developers, in order to sustain themselves in the market, are likely to resort to price cuts or at the least keep them stable.]]></description>
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            <title><![CDATA[Arab investors keen on pie in Indian market post liberal rules]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12881</link>
			<source>The Times of India</source>
			<pubDate>Wed, 11 Jan 2012 06:47:47 +0530</pubDate>
			<description><![CDATA[The Times of India- India&#039;s decision to allow foreign individuals or groups to invest directly into the country&#039;s stock market has attracted serious investment enquiries from the Arab world. In a letter to finance minister Pranab Mukherjee, a Sharjah-based real estate magnate has hailed the decision stating: &quot;A large number of UAE-based family offices that have business relationships with Indian counterparts will be the first movers to participate and propagate this initiative&quot;.]]></description>
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            <title><![CDATA[Mumbai Real Estate Development Not Keeping Pace with Population Growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12880</link>
			<source>World Property Channel</source>
			<pubDate>Wed, 11 Jan 2012 06:47:06 +0530</pubDate>
			<description><![CDATA[World Property Channel- According to the 2011 census, the Mumbai Metropolitan Region has over 23.5 million people. To house this population on the ground floor, assuming a household size of 4 and dwelling units of 900 sq ft per family which are laid wall to wall, we would need 121,384 acres of contiguous land. If all these houses are built facing the street (for access), providing a frontage of 20 ft to each unit, the total length of the street would be 35,606 kilometers.]]></description>
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            <title><![CDATA[Sunteck Realty to buy 10 acre in Mumbai suburb for Rs 350 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12879</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 11 Jan 2012 06:46:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty developer Sunteck Realty has entered into an agreement to acquire over 10 acres land parcel in Goregaon suburb of Mumbai for nearly Rs 350 crore. The developer is also in talks with a private equity firm to join hands for the proposed development on this land parcel, said people familiar with the matter. Sunteck Realty is looking to get financing of nearly $30 million initially through the private equity transaction.]]></description>
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            <title><![CDATA[Aamby Valley gets Sahara OFCD money]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12878</link>
			<source>Business Standard</source>
			<pubDate>Wed, 11 Jan 2012 06:45:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Two Sahara group firms have invested a significant portion of the money raised through the issue of Optionally Fully Convertible Debentures (OFCD) in Aamby Valley, a luxury township project developed by the group in Maharashtra. Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp (SHICL) had a combined exposure of Rs 6,687 crore to the township project at the end of June 2010. This amounted to over a third of the sum raised through issue of OFCDs. On that date, these firms had raised Rs 16,169 crore between them by issue of OFCDs. SIRECL had dues of Rs 13,245 crore, including accrued interest of Rs 1,287 crore towards investors in OFCDs. SHICL had one of Rs 2,924 crore. Accrued interest was Rs 107 crore.]]></description>
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            <title><![CDATA[Mixed reactions to realty rule change in state]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12877</link>
			<source>Business Standard</source>
			<pubDate>Wed, 11 Jan 2012 06:44:04 +0530</pubDate>
			<description><![CDATA[Business Standard- The Maharashtra government’s move to amend Development Control Regulations in Mumbai has evoked mixed reactions. Prabhudas Lilladher, the financial services advisory, says costs are expected to increase as builders would be required to pay a premium amounting to 60 per cent of the ready reckoner rate (RR) for availing the extra fungible floor space index (FSI).]]></description>
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            <title><![CDATA[Splits spawn entrepreneurs: Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12876</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:43:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developer Niranjan Hiranandani is clear that separations in family businesses are going to happen more regularly in India. Having lived through tough multiple court battles with his daughter Priya Hiranandani Vandrevala and son Darshan Hiranandani on opposite sides, he is clear this will happen because “at a younger age, people are going to demand their rights in a much more vociferous manner”.]]></description>
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            <title><![CDATA[M3M buys 28 acre land in Gurgaon from DLF for Rs 440 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12875</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:42:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate firm M3M today said it has bought 28 acre of prime land in Gurgaon from the country&#039;s largest developer DLF for Rs 440 crore and will invest another about Rs 660 crore to build a housing project on it. &quot;We have purchased 28 acre of land from DLF in Gurgaon where the company will be developing a residential project. We will soon launch this project,&quot; M3M Finance (HEAD) Gaurav Jain told reporters here.]]></description>
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            <title><![CDATA[&#039;Transaction of acquired land not void if govt deacquires it&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12874</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:41:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Rajasthan High Court has ruled that sale and purchase of land under acquisition cannot be said to be void if the government subsequently deacquires it. A single judge bench of Justice Ajay Rastogi also held that any Section-90(B) proceedings of such land will not affect its title purchaser. The court order came on a petition filed by private builders Omway Build Estate and Ghanshyam who purchased 70 acres of land in Alwar which was under acquisition for Rohini Nagar Residential Scheme.]]></description>
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            <title><![CDATA[HUDA’s housing plot scheme likely to be delayed by 2 months]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12873</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:40:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Haryana Urban Development Authority (HUDA) has asked its field staff to ‘do more spade work’ in identifying the disputed plots in developed sectors. Its plan to seek applications for allotting nearly 2,000 residential vacant plots in five districts of the state is likely to be delayed by two months. “Before launching the housing plots scheme, we have asked our field staff to give details about the plots that are under litigation or have any dispute,” Administrator of HUDA, Surjeet Singh, said. “And it is because of this exercise, that the launching of the housing plot scheme is likely to get delayed. We don’t want any problems after launching the scheme,” he added.]]></description>
			</item><item>
            <title><![CDATA[Now, civil judges to hear disputes involving property worth up to Rs 5 lakh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12872</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:39:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra government has increased the amount limit of property-related disputes that can be heard by civil judges (junior division) and district courts in the state. Till now, civil judges (junior division) could hear complaints involving property of up to Rs 1 lakh which has now been increased to Rs 5 lakh, while the limit on property value of suits heard by district judges has increased to Rs 10 lakh from the earlier Rs 2 lakh. A notification to this effect was issued by the state government on Friday.]]></description>
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            <title><![CDATA[Dwarka super specialty hospital gets court nod]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12871</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 11 Jan 2012 06:39:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Emphasising the need for standardised healthcare for the residents of Dwarka and its vicinity, the Delhi High Court has stepped in to ensure the locality gets a tertiary care centre soon. Setting aside a decision by the Delhi Development Authority (DDA), the court sanctioned revival of the land lease of a medical charitable trust, which had lost the lease right on account of delay in construction and also alleged violation of certain other conditions.]]></description>
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            <title><![CDATA[Taxability of Home Loans and Income from Property Changes under DTC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12870</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 10 Jan 2012 06:39:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- The implementation of the proposed Direct Taxes Code (DTC), which seeks to replace the current Income-Tax Act, 1961 (the Act), is expected in April. While there are speculations on whether this deadline would be met, it certainly is on the anvil. We will take a look at the provisions on taxability of house property income under the revised draft of DTC which was released in August 2010 (DTC 2010) vis-&agrave;-vis the current Act.]]></description>
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            <title><![CDATA[Realty Builds Brand Image with Professional Input -Cos hire executives, biz heads to run their operations in more professional manner]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12869</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 10 Jan 2012 06:38:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- When you think of real estate, the image that comes to your mind is one of an unorganised industry run by some promoters and their family members in an unprofessional manner. But with so much construction activity happening in the past few years, that impression is slowly changing. The real estate business in India has grown manifold in recent times, and companies have also increased their scale of operations. From doing just one or two projects, today, many companies are involved in multiple projects, often across many cities.]]></description>
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            <title><![CDATA[SC admits Sahara&#039;s plea; stay on SAT order to continue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12868</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 10 Jan 2012 06:37:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Supreme Court on Monday admitted Sahara group&#039;s plea challenging the Securities Appellate Tribunal (SAT) order directing its two companies to refund around Rs 17,400 crore to their investors, and extended its interim order to stay tribunal&#039;s decision till further date.]]></description>
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            <title><![CDATA[Hotels shed specific properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12867</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Jan 2012 06:36:11 +0530</pubDate>
			<description><![CDATA[Business Standard- A few hotel chains are looking to sell specific properties, while one hotel chain is looking for equity infusion. Luxury hospitality chain Leela, for instance, is looking to exit its Chennai venture. JW Mariott Chennai and the Royal Orchid chain are among the others scouting for investors, according to people with direct knowledge of the scenario.]]></description>
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            <title><![CDATA[Slum-free cities: Freeing slums or freeing lands?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12866</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 10 Jan 2012 06:35:13 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Slums have been in perpetual state of persistence in political parlance and policy promises. From slum removal in seventies to slum-networking in 2000, there has been a paradigm shift in addressing slums in urban Indian context. By 2000, it was a realisation that formal systems - government or private, has failed in addressing affordable housing to nearly half of urban population. On the other end, individual initiatives by slum-dwellers have managed to find them basic shelters if not decent housing without any external help. What they have not been able to provide are collective infrastructure and what they do not have is legal tenure of land. The first deficiency makes them defined as slum with squalid conditions while the latter condition describe them as squatments through illegal ownership of land.]]></description>
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            <title><![CDATA[RBI may reduce CRR in January policy review: HDFC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12865</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 10 Jan 2012 06:34:30 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The Reserve Bank of India (RBI) may opt to reduce cash reserve ratio (CRR) in the monetary policy review on January 24 rather than cut the interest rates, Housing Development Finance Corp CEO Keki Mistry said today. RBI has raised interest rates 13 times since March, 2010 by 375 basis points in its bid to control inflation which has been above 9% for a year. A rapid slowdown in food inflation in December has raised hopes of a reversal of the monetary tightening cycle.]]></description>
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            <title><![CDATA[Builders pay for Floor Space Index, buyers bear the brunt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12864</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Jan 2012 06:33:35 +0530</pubDate>
			<description><![CDATA[Business Standard- Slow sales may force builders to hold on to prices, but expect the extra cost to be passed on in the future. The Maharashtra government&#039;s recent decision to make developers pay a premium for any floor space index (FSI, the ratio of the total built-up area allowed on a plot vis-a-vis the plot size), eliminating the earlier concessions on this, is likely to have two consequences.]]></description>
			</item><item>
            <title><![CDATA[London luxury-home prices continue to rise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12863</link>
			<source>Business Standard</source>
			<pubDate>Tue, 10 Jan 2012 06:32:46 +0530</pubDate>
			<description><![CDATA[Business Standard- Luxury-home prices in central London gained for a 14th consecutive month in December as overseas buyers sought safer investments and competed for a smaller number of properties for sale, Knight Frank LLP said.
Values of houses and apartments costing an average of &pound;3.7 million ($5.7 million) rose by an average of 0.8 per cent from a month earlier, the London-based broker said in a report on Monday. Prices are now 7 per cent higher than their previous peak in March 2008.]]></description>
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            <title><![CDATA[HDFC CEO sees property crash, CRR cut]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12862</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 10 Jan 2012 06:32:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing Development Finance Corp (HDFC), India&#039;s largest mortgage lender, expects property prices across the country to correct between 5-to-15 percent on average, its Chief Executive Keki Mistry told reporters on Monday. Indian developers have seen a sharp slowdown in sales as rising interest rates deter residential buyers and funding for builders becomes scarce as economic growth slows in Asia&#039;s third-largest economy.]]></description>
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            <title><![CDATA[Pratibha Industries bags Rs 772 cr order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12861</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 10 Jan 2012 06:31:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Infrastructure company Pratibha Industries today said it has bagged orders worth Rs 772 crore in the building and water management segments. Of the total orders worth Rs 772 crore, Rs 153 crore was from realty firm Rustomjee Realty for carrying out civil and structural work under a housing project at Andheri, Mumbai.]]></description>
			</item><item>
            <title><![CDATA[‘States have failed to shelter homeless’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12860</link>
			<source>The Times of India</source>
			<pubDate>Mon, 09 Jan 2012 06:31:02 +0530</pubDate>
			<description><![CDATA[The Times of India- At least 3 million homeless people across the country are having to sleep outdoors in the bitter cold this year as state governments have done little to provide shelters, the Supreme Court commissioners have said in their national report. They noted that all 15 states studied were in partial or complete violation of the SC order to set up permanent shelters for the homeless before the onset of winter.]]></description>
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            <title><![CDATA[2012 property prices to remain firm with upward bias, says report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12859</link>
			<source>Indian Express</source>
			<pubDate>Mon, 09 Jan 2012 06:29:51 +0530</pubDate>
			<description><![CDATA[Indian Express- A report on the real estate sector in the city — Pune Real Estate Report — was released by ASK Property Investment Advisers here on Friday. According to the report, property prices are expected to continue with the upward trend with a demand of 50,000 units in 2012. The report, which covers the residential real estate requirement and supply of Pune urban agglomeration region, is based on the economic and demographic profile of the city.]]></description>
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            <title><![CDATA[Corruption, bureaucracy keep NRI investors away]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12858</link>
			<source>Business Standard</source>
			<pubDate>Mon, 09 Jan 2012 06:28:48 +0530</pubDate>
			<description><![CDATA[Business Standard- Payment of bribes at all levels and an unresponsive bureaucracy emerged as the most common complaints from overseas Indian investors waiting to invest in the country. At a conglomeration here of non-resident Indians and persons of Indian origin, overseas investors requested Cabinet and state ministers to expedite the reform process in areas such as banking and real estate. Delegates at the three-day event said most of the schemes that the government initiated to promote NRI investments remained on paper, with bureaucratic hurdle acting as a major irritant.]]></description>
			</item><item>
            <title><![CDATA[Govt move on DP welcome: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12857</link>
			<source>Indian Express</source>
			<pubDate>Mon, 09 Jan 2012 06:27:59 +0530</pubDate>
			<description><![CDATA[Indian Express- The Confederation of Real Estate Developers Association of India (CREDAI) has welcomed the decision of the government to approve the Development Plan (DP) for 23 villages saying it would provide a fillip to growth. In a statement issued here, CREDAI said the approval of the development plan would accelerate the development and growth of villages.]]></description>
			</item><item>
            <title><![CDATA[Q&amp;A: Sanjay Verma, Cushman &amp; Wakefield -&#039;The world believes India will get its act together on retail FDI&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12856</link>
			<source>Business Standard</source>
			<pubDate>Mon, 09 Jan 2012 06:27:00 +0530</pubDate>
			<description><![CDATA[Business Standard- Around 90 of the top 100 global retail chains want to be in India, commercial real estate consultant firm Cushman &amp; Wakefield’s CEO , Asia Pacific, Sanjay Verma, tells Nivedita Mookerji. He speaks on the economic meltdown and its impact on the Indian real estate, big drivers for the sector, outlook for office space and international investors’ faith in the market. Edited excerpts:]]></description>
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            <title><![CDATA[Real estate firms drop overseas plans, to stay grounded in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12855</link>
			<source>Business Standard</source>
			<pubDate>Mon, 09 Jan 2012 06:25:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate companies, which started venturing overseas around 2006-07, are reviewing their global plans. With the slump in international realty markets, many domestic companies are either withdrawing from weak markets or putting their global plans on hold.
Raheja Developers, for instance, has shelved plans to enter markets such as Mauritius and Colombo. Hiranandani Group, which has a major presence in Dubai, has changed its strategy. It’s stopped launching new projects, and is focusing on completing existing projects for other developers on a contractual basis. Omaxe has already exited Dubai.]]></description>
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            <title><![CDATA[Ajmera Realty lines up Rs1,000 crore expansion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12854</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 09 Jan 2012 06:24:40 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Ajmera Realty and Infrastructure, a Mumbai-based realtor, plans to invest close to Rs1,000 crore in the real estate and power sectors in the next five years even as it is looking at exiting some of its non-core assets including cement business and a land parcel in Bahrain. The company has lined up Rs300-500 crore investment for developing residential projects, a mix of high-end and low-cost housing, in western India.]]></description>
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            <title><![CDATA[Property cycles prompt  PEs to recast strategies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12853</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 09 Jan 2012 06:23:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- REAL estate private equity (PE) funds will trim their size and investment focus as property cycles shorten and investment avenues rise in a slowdown, be it slum development, office rentals or lending money to cash starved real estate developers. Many of them who made losses in the previous slow down are learning from past mistakes and repositioning with focused investments.]]></description>
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            <title><![CDATA[SONIPAT BELT TOP REALTY HUB]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12852</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Jan 2012 07:43:14 +0530</pubDate>
			<description><![CDATA[The Times of India- Kundli, Sonipat and Panipat are today considered the best investment destinations in the NCR owing to their close proximity to Delhi and the fast-paced infrastructure development in these areas. One reason why these areas have emerged as a favourite destination of investors is that prices are already high in other parts of the NCR. These other regions, therefore, do not offer much scope for appreciation, whereas in Kundli, Sonipat and Panipat prices are still low, and investors can hope to make profits.]]></description>
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            <title><![CDATA[TIMES DEVELOPMENT CONCLAVE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12851</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Jan 2012 07:42:16 +0530</pubDate>
			<description><![CDATA[The Times of India- We will seek the active help of the private sector in this initiative, so that they not only assist in the training but also lend a hand in providing opportunities.&quot; [Extract from Prime Minister Dr Manmohan Singh&#039;s message to the nation]. With this statement in mind, The Times Group, in association with Ansal Housing, organized a Development Conclave in Meerut. Aimed at bringing the policy makers and end users on a common platform, the evening saw a heady mix of government officials and audience battle it out in a volley of words, all for the development of the city. The focus was on infrastructure and education.]]></description>
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            <title><![CDATA[FUTURISTIC TOWNSHIPS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12850</link>
			<source>The Times of India</source>
			<pubDate>Sat, 07 Jan 2012 07:41:03 +0530</pubDate>
			<description><![CDATA[The Times of India- Is the concept of ‘futuristic’ townships really different from that of integrated townships or is it only a name change to attract buyers?     Move over integrated townships, here come futuristic cities! After all, when almost everything on earth can be made futuristic, including gadgets, technology, design concepts and cars, then why should cities or townships lag behind? No wonder, getting a sense of the present-day problems, as well as having an eye on future living, some real estate developers have now started planning and launching township projects, which they call ‘futuristic’ cities or townships.]]></description>
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            <title><![CDATA[‘Market will swing in our favour&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12849</link>
			<source>The Hindu</source>
			<pubDate>Sat, 07 Jan 2012 07:40:03 +0530</pubDate>
			<description><![CDATA[The Hindu- After riding the crest of the boom and then surviving the bleak scenario, builders are hopeful of better business prospects this year. A New Year ushers in new hopes, aspirations, goals and a lot of resolutions. Looking back at the year that has just slipped into past and having floated with its highs and downs and learning from the good and bad of it, one seeks to look forward with renewed anticipation.]]></description>
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            <title><![CDATA[Property exhibition ditches low-income group]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12848</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 07 Jan 2012 07:38:55 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- People belonging to low-income group will have to wait for their dream home, as the 2-day property exhibition, Profest 2012, doesn’t offer affordable housing schemes.
The exhibition, organised by the Confederation of Real Estate Developers Association of India (Credai)-Pune, caters to the higher-income group. Almost every stall at the exhibition offers tailor-made homes promising every facility and amenity.]]></description>
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            <title><![CDATA[LIC HF to take equity in residential projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12847</link>
			<source>Business Standard</source>
			<pubDate>Sat, 07 Jan 2012 07:36:59 +0530</pubDate>
			<description><![CDATA[Business Standard- LIC Housing Finance Ltd, the housing finance arm of life insurance major LIC of India, on Friday said, it is look-ing to invest Rs 200 crore in an urban real estate project this quarter from its proposed Rs 500 crore real estate venture capital fund.]]></description>
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            <title><![CDATA[Mumbai Real Estate - Policy changes to aid new launches: PL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12846</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 07 Jan 2012 07:36:17 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Prabhudas Lilladher has come out with its sector report on Mumbai real estate. According to the research firm the new rules could provide an impetus to land deals, which were earlier stuck owing to lack of policy clarity on FSI norms. New FSI rules: As per press reports, the Maharashtra government has amended the DCR to include areas like flowerbed, balcony, voids and niches in the FSI calculation. However, official notification is yet to be received on the same. The move is aimed at plugging the earlier loopholes, wherein builders built large flower beds and deck-parking areas to enlarge the project’s aleable area. In the amended rules, an ‘All-in’ FSI calculation will be applied and the builder will be required to pay a premium amounting to 60% of the ready reckoner rate on the additional 35% fungible FSI to be allowed. For industrial and commercial properties, 80 and 100 per cent premium will be required to be paid.]]></description>
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            <title><![CDATA[Mumbai real estate gets a boost from new rules]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12845</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Jan 2012 07:35:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- The amendments to the Development Control Rules (DCR) for Mumbai announced by the Maharashtra government earlier this week will not only ease supply of new apartments into the market, but also enable more realistic land valuations, expect real estate consultants. Though the new norms could impact developers&#039; margins, analysts say it will also mean pricing based on carpet area, bringing in more transparency and fair practice in the sector. Developers, too, have welcomed the move, stating it will bring everyone on a level playing field.]]></description>
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            <title><![CDATA[Multi-brand retail FDI to kick in after polls with minor tweaks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12844</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Jan 2012 07:34:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government has never removed foreign direct investment in multi-brand retail from its immediate policy agenda, and is just biding time to implement the Cabinet decision announced in November, two top policymakers indicated to FE in separate interviews. The proposal will be “tweaked”a bit to make it acceptable to all sections, but the government won’t backtrack on giving majority ownership to foreign investors.]]></description>
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            <title><![CDATA[Weak rupee draws NRIs to realty in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12843</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Jan 2012 07:33:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- Non-Resident Indians (NRIs) have started taking keen interest in the real estate sector back home following significant appreciation of the dollar vis-a-vis the rupee. LICHFL today kicked off a three-day property expo here, with participation of more than 50 builders who are showcasing more than 250 projects.]]></description>
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            <title><![CDATA[Govt can take land only if there is genuine need: SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12842</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Jan 2012 07:32:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court has said that the government cannot acquire private properties by invoking the ‘urgency clause’, unless there is a genuine need that can’t brook delay. The apex court passed the judgement while quashing the Delhi government’s acquisition of private lands of Darshan Lal Nagpal and others at Mandoli village for establishing a electric substation by Delhi Transco Limited.]]></description>
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            <title><![CDATA[DDA like an elephant, too slow for Delhi: Sheila Dikshit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12841</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 07 Jan 2012 07:30:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Chief Minister Sheila Dikshit today slammed Delhi Development Authority (DDA) by calling it a &quot;closed system&quot; and an &quot;elephant&quot; which cannot match the pace at which the capital is moving ahead.]]></description>
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            <title><![CDATA[Skyscrapers in NCR -Sensing the scarcity of land that is likely to confront the NCR in near future, developers are focusing their attention on highrises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12840</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Jan 2012 11:04:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sensing the scarcity of land likely to hit the NCR in the near future, builders and developers are focusing their real estate projects on mixed land use and vertical developments. A few highrise projects have already been launched in this category like the Supertech&#039;s North Eye in Noida (60 floors and 255 metre high) and the Raheja Group&#039;s Raheja Revanta in Gurgaon (56 floors and 195 metres high).]]></description>
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            <title><![CDATA[Reforms must for Bill’s success]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12839</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Jan 2012 11:03:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Developers say that the implementation of the draft Real Estate Bill in its current form, without changing the business environment in the country, will prove a death knell to the housing sector. The draft Real Estate Bill, if adopted in the present format,will only affect the developers and lead to increase in the cost of housing units across the country.The association of developers argue that the implementation of the bill, without changing the business environment in the country, will prove a death knell to the housing sector.]]></description>
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            <title><![CDATA[LIC Housing Fin Banks on Parent for Revival]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12838</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Jan 2012 11:03:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- LIC Housing Finance, the mortgage lender battered by corruption over a year ago, is leaning on its parent’s ubiquitous 15 lakh agents and chasing middle-class customers sacrificing profitability, as it attempts to revive growth and erase the blot. The second-biggest mortgage lender has slammed the doors on brokers, formed a risk-management team for the first time since beginning in 1989, and invested in technology to avoid a recurrence of events that shaved off more than a third of its market value within days of the arrest of its executives on corruption charges. Investors who dumped LIC Housing shares after the arrest of its former chief executive in November 2010, are flocking back and have made it to outperform bigger rival Housing Development Finance Corporation and the benchmark indices last year.]]></description>
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            <title><![CDATA[Demand Lags Supply in IT Office Space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12837</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 06 Jan 2012 11:02:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- At least a fourth of office space lies vacant across the country, with supply exceeding demand, especially, in the IT sector over the past two years. Telltale signs of this trend are evident along the Sohna Road in Gurgaon, Whitefield in Bangalore and the Old Mahabalipuram Road in Chennai, among other areas lined with partially-occupied offices. These IT buildings were built under the centre’s Software Technology Parks of India (STPI) scheme that ended on March 31, 2011. Under the scheme, developers could build over 50% of extra space and occupiers would get tax benefits through section 10A and 10B of the Income Tax Act.]]></description>
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            <title><![CDATA[Subsidy for waste plants a boost to Corp, CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12836</link>
			<source>The Indian Express</source>
			<pubDate>Fri, 06 Jan 2012 11:01:53 +0530</pubDate>
			<description><![CDATA[The Indian Express- The subsidy announced by the state government for setting up waste treatment units in apartment complexes will strengthen the efforts of the Kochi Corporation and the CREDAI Clean City movement to make Kochi the first city with such units in all residential buildings. Earlier, the subsidy was limited only to the households in panchayats. Last week, the government decided to extend the scheme to the residential complexes under the corporation limits as well. Consequently, each apartment complex will be allotted a minimum of `15,000 for setting up waste treatment units. Apartment complexes which have more than 20 flats.]]></description>
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            <title><![CDATA[Performance anxiety grips pvt equity stars]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12835</link>
			<source>Business Standard</source>
			<pubDate>Fri, 06 Jan 2012 11:01:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The poster boys of Indian private equity are getting a reality check. If last year many of them branched out independently with their entrepreneurial PE shops, many are scaling down or biting the dust a year down the line. Former India head of Warburg Pincus, Rajesh Khanna, the man who along with colleague Pulok Prasad had spotted Bharti in 1999 and made a billion dollars in profit in just six years, is the latest to feel the heat.]]></description>
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            <title><![CDATA[Slum rehabilitation: Investors could make a beeline for shacks after govt decision]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12834</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Jan 2012 11:00:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- The state government’s announcement ahead of BMC elections to expand the free housing net in the city is expected to trigger a rush among investors who would want to buy slum shacks for the huge dividends they will offer when they come up for redevelopment, housing experts said. Until now, only shanties built before the cut-off date of 1995 and residents who have been living there before the same cut-off date were eligible for free housing under the Slum Rehabilitation (SRA) scheme.]]></description>
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            <title><![CDATA[Put in place mechanism to check building collapse: Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12833</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Jan 2012 10:59:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Delhi court has asked Delhi Police and Municipal Corporation of Delhi to put in place a mechanism that will ensure the safety of old buildings, which face the risk of collapsing due to unauthorised constructions or demolitions near them. Special Judge A K Mendiratta’s order came as he dismissed the bail plea of contractor Jalaluddin, who was arrested for criminal culpability in the September 2011 collapse of an old building in Chandni Mahal, Central Delhi. Seven people were killed and 23 injured in the incident.]]></description>
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            <title><![CDATA[‘MCD did not delay regularising colonies’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12832</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Jan 2012 10:59:09 +0530</pubDate>
			<description><![CDATA[The Financial Express- Alleging that the Delhi government has wrongly put the blame of regularising unauthorised colonies on the Municipal Corporation of Delhi (MCD), chairman of Standing Committee Yogendra Chandolia said MCD will take prompt action if asked. “The MCD takes up regularisation of unauthorised colonies on a priority basis as soon as it is notified by the Delhi government. It is the Delhi government that sits on the issues and does not act promptly,” he said.]]></description>
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            <title><![CDATA[Pay Rs 3.5L for selling smaller flat: Court to builder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12831</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 06 Jan 2012 10:58:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- The additional Pune district consumer disputes redressal forum (consumer court) has ordered Mahalaxmi Builders and Developers in Chinchwad to pay Rs 3.5 lakh, including Rs 40,000 taken towards illegal sale of stilt parking slot, to one Dattatraya Jadhav of Chikhli. Jadhav had moved the court in 2009, stating that the builder had handed over the flat and parking space — both of lesser built-up area than promised, terrace instead of the promised balcony besides nine other deficiencies.]]></description>
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            <title><![CDATA[BPTP Buys Out Merrill Lynch in Gurgaon Project for 180 Crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12830</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 05 Jan 2012 07:50:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developer BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for 180 crore. The developer has its corporate office in the same building. Merrill Lynch had invested . 100 crore in the project in 2007 at the peak of the real estate cycle in India. Now, Merrill Lynch’s Asian real estate assets, including those in India, are managed by Blackstone. BPTP recently raised 270 crore through lease rent discounting of the 625,000-sq-ft office building in Gurgaon that has tenants such as Deloitte, Fidelity as well BPTP itself, a person close to the development said on condition of anonymity. The company is using a part of this money to buy back the stake from Merrill. The asset is valued at . 530 crore, including a debt of 170 crore. Net of debt, the value of the asset is 360 crore. The source said BPTP has used the money raised to repay this debt.]]></description>
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            <title><![CDATA[Mahindra Lifespaces to go pan-India with more projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12829</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 05 Jan 2012 07:49:07 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the diversified $14.4-billion Mahindra group, has announced its plan to have a pan-India presence with projects across 10 major cities. While it plans to initially cover major cities, seven of which it already has taken up projects with an investment outlay of Rs 2,000 crore, developing 10 million square feet of built up space.]]></description>
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            <title><![CDATA[Bearish realty market fails to affect Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12828</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 05 Jan 2012 07:47:52 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- While real estate prices in the volatile Mumbai and the New Delhi are experiencing a sharp decline, Bangalore’s property prices, however, remain unfazed. Being an end-user market, property prices in the past have not corrected beyond 10-15%, even during the major economic crisis in 2009. “Mumbai and Delhi are investors’ markets. There is a lot of speculation, hence investors tend to offload their stock in the market,” said KS Girish, local director, Jones Lang LaSalle India.]]></description>
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            <title><![CDATA[Brigade Group’s Meadows in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12827</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 05 Jan 2012 07:46:50 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Bangalore-based Brigade Group recently launched a project catering to the middle- income segment of the city. It launched its high quality value homes project - Brigade Meadows spread over 60 acres as an integrated township. Eyeing to tap the connectivity provided by Bangalore metro rail, it has planned to develop 1,850 apartments in the first phase of the project. The project is being launched at price starting from Rs 19 lakh and is coming up next to the Art of Living campus on Kanakapura Road.]]></description>
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            <title><![CDATA[Coming up: Neptune in Sector 70A, Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12826</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 05 Jan 2012 07:46:08 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- SCSL Buildwell is coming up with a super luxury housing project in Sector 70A, Golf Course Extension road, Gurgaon. Christened as Neptune, the project will see an investment of Rs 240 crore to develop 108 premium apartments in two, 27-storey towers with 54 flats each. The base price of the project has been kept as Rs 6,000 per sq ft for bookings till January. Each apartment, fully air-conditioned and spread over an area of 6,363 sq ft, will have five bedrooms with over 1,000 sq ft of party area. The flats, with a more-than-normal ceiling height of 11 ft, will have a separate gymnasium, jacuzzi, sauna, plunge pool, three-car parking and two-servant quarters. The project is expected to be ready for possession end of 2013.]]></description>
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            <title><![CDATA[Puri Constructions launches ‘Diplomatic Greens’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12825</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 05 Jan 2012 07:45:15 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Puri Constructions has ann&shy;ounced the launch of Dip&shy;lomatic Greens, a new luxury housing project in Gurgaon. This mix-use community is located in Sector-111, directly on the Dwarka Expressway. The project is spread over 51-acre ground and promises up to 85 per cent green landscaped area. The project, with G+12 floors and 12 towers, will have only two apartments on each floor, with a choice of three and four bedrooms along with eight feet wide balconies and verandas on both sides. The project is expected to be completed by 2015.]]></description>
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            <title><![CDATA[Realty check]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12824</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 05 Jan 2012 07:43:47 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- At end of a destructive interest rate cycle that wrecked havoc on property market, the New Year has brought in a ray of hope. If you have given up on the age-old leasing-versus-owning conundrum and finally made a New Year resolution to buy your dream home, 2012 is full of promises. There is a dip, albeit minor, in property rates across the country, while home loan rates are all set to fall from their peaks. On the other, property developers have begun the year on a high note, getting busy with an array of new projects.]]></description>
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            <title><![CDATA[BDA to outsource building plan approval process]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12823</link>
			<source>Business Standard</source>
			<pubDate>Thu, 05 Jan 2012 07:42:57 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate stakeholders in the city now have a reason to smile as Bhubaneswar Development Authority (BDA) has decided to outsource the building plan approval process for speedy disposal. BDA planning member Prashant Kumar Patnaik said, to expedite the plan approval process for construction of commercial and residential buildings in the city, BDA will outsource the job to the private professional entities. The entities will be selected through bidding process.]]></description>
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            <title><![CDATA[More Noida farmers to move SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12822</link>
			<source>Business Standard</source>
			<pubDate>Thu, 05 Jan 2012 07:41:58 +0530</pubDate>
			<description><![CDATA[Business Standard- After a little over two months of lull following the Allahabad High Court’s verdict in the Noida and Greater Noida land acquisition case, farmers’ groups are set to join the existing case before the Supreme Court. Yesterday, the apex court issued notices to the state government and the Greater Noida Authority (Gnida) as to why the recent HC ruling in the case should not be quashed. This was on a petition filed by a few farmers of Garhi Bachchera village, challenging the acquisition of their agricultural land. The SC has given three weeks to file a reply.]]></description>
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            <title><![CDATA[Mah Lifespace plans Rs 250-cr project in Hyd]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12821</link>
			<source>Business Standard</source>
			<pubDate>Thu, 05 Jan 2012 07:40:54 +0530</pubDate>
			<description><![CDATA[Business Standard- Mahindra Lifespace Developers, the realty arm of the $14.4-billion Mahindra Group, is setting its foot in Hyderabad, its fifth market in the country, with a one-million sft residential project involving an investment of Rs 250 crore. “We are currently doing the site preparatory work. The project, on a 10-acre site at Kukatpally, will be launched in the next couple of months and will be delivered in three years from then,” Anita Arjundas, managing director and chief executive officer, told mediapersons here on Wednesday.]]></description>
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            <title><![CDATA[Noida notice to banks: Vacate plots by Feb 4]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12820</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 05 Jan 2012 07:40:03 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Noida Authority on Tuesday began the process of sending out formal notices to banks and other commercial institutions in Noida to vacate their residential plots before February 4. This is the first instance of any formal intimation from the Noida Authority on the issue, following a December 3 order from the Supreme Court asking all commercial institutions running from residential plots to stop work and vacate within two months. They were found to be violating clauses of land use by the apex court.]]></description>
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            <title><![CDATA[DMRC, DDA plan flats, offices along Metro routes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12819</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 05 Jan 2012 07:39:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- Soon, Delhi might see several housing colonies and offices coming up near the Mass Rapid Transit Systems (MRTS). Speaking on the issue, Delhi Development Authority (DDA) Vice-Chairman G S Patnaik on Tuesday said that the Delhi Metro Rail Corporation (DMRC) was carrying out a survey to develop such a project along the MG Road Metro line.]]></description>
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            <title><![CDATA[DDA to build one lakh flats for weaker sections in 3 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12818</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 05 Jan 2012 07:37:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- In some good news for people dreaming to own a house, the DDA today said it would make available one lakh flats for economically weaker sections and lower income groups in the next three years. The Authority also announced building of 53 community halls across the capital. The city&#039;s only land owning agency said that it would build a &#039;Golden Jubilee Park&#039; as part of its Yamuna River Front Development project at an area of 251 hectares that will have amphitheater, plaza, information centre, exhibition space, food courts and children play area.]]></description>
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            <title><![CDATA[HC dismisses DLF plea]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12817</link>
			<source>The Times of India</source>
			<pubDate>Wed, 04 Jan 2012 07:43:01 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi High Court on Tuesday dismissed a plea of DLF challenging an order of Sebi to probe accusations by a Delhi-based businessman that he was duped of Rs 34 crore by the realty major and its alleged associate firm Sudipti Estates. DLF had sought quashing of Sebi order issued on October 20, 2011, for investigation into the allegations K K Sinha made in 2007 against it and Sudipti Estates.]]></description>
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            <title><![CDATA[MCD order to hit basement development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12816</link>
			<source>The Times of India</source>
			<pubDate>Wed, 04 Jan 2012 07:41:14 +0530</pubDate>
			<description><![CDATA[The Times of India- Following recent cases of building collapse due to digging of basements in adjoining premises, Municipal Corporation of Delhi (MCD) has made it mandatory to leave a two-metre space from the adjacent building for excavation of basements in residential colonies. Experts and MCD officials, however, say this order will make it impossible for most house owners to develop basements.]]></description>
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            <title><![CDATA[TATAS SEEK EXTENSION OF 33-YEAR LEASE -NDMC asks IDFC to Chart Future of Taj Mansingh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12815</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 04 Jan 2012 07:40:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- New Delhi’s municipal body has appointed a financial advisor to select a partner for operating a hotel on the property that currently houses the iconic Taj Mahal Hotel in the heart of the city even as the Tatas have sought a long-term extension of their licence agreement to manage the hotel. The Tata-owned Indian Hotels has been in charge of the marquee property on Mansingh Road since 1978 under a 33-year agreement with the New Delhi Municipal Council (NDMC), the body that owns both the land as well as the building. The lease expired in October 2011 and was renewed in favour of Indian Hotels on a short-term basis.]]></description>
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            <title><![CDATA[Builders break their promise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12814</link>
			<source>The Times of India</source>
			<pubDate>Wed, 04 Jan 2012 07:38:55 +0530</pubDate>
			<description><![CDATA[The Times of India- There seems to be no end to the troubles of Noida Extension homebuyers. While the fate of the projects in the area remains far from clear, many developers have now begun sending letters asking buyers to &quot;share the burden of enhanced compensation&quot; that is to be given to the farmers or face &quot;cancellation of their bookings.&quot; This is the second blow to the buyers as earlier they were sent demand letters asking for pending interests on their installments.]]></description>
			</item><item>
            <title><![CDATA[Flat buyers face cancellation of bookings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12813</link>
			<source>Daily Pioneer</source>
			<pubDate>Wed, 04 Jan 2012 07:38:14 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- In a new twist to the ongoing controversy in Noida Extension, many developers have now started dispatching letters asking the flat buyers or investors to share the burden of enhanced compensation that is to be forwarded to the farmers or face cancellation of their bookings. The buyers of flats in Noida extension who have been denied bank loans in the absence of clearances from the National Capital Region Planning Board (NCRPB) for the housing projects are now being issued cancellation notices by the builders for non-payment of installments.]]></description>
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            <title><![CDATA[Should banks bail out companies?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12812</link>
			<source>Business Standard</source>
			<pubDate>Wed, 04 Jan 2012 07:37:39 +0530</pubDate>
			<description><![CDATA[Business Standard- The Indian economy faced tough conditions over the past 12 to 18 months. Persistent high inflation forced the monetary policy to be aligned to growth-inflation dynamics. The prolonged high interest rate regime (the Reserve Bank of India started increasing the policy rates in March 2010) and slowing growth prospects (according to RBI, FY12 growth is expected to be at 7.6 per cent) are exerting increasing pressure on industry, leading to stressed assets for banks. Banks’ base rates have risen from about eight per cent when they were introduced in July 2010 to nine to 10 per cent currently.]]></description>
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            <title><![CDATA[India Inc&#039;s interest paying ability dips to five-year low: Crisil]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12811</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 04 Jan 2012 07:36:41 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The interest paying ability of companies (excluding banking, financial services and insurance, and public sector oil marketing companies) in the S&amp;P CNX 500 Index has dipped to a five-year low due to high interest rates and a decline in operating profits, according to a Crisil Research report. Interest paying ability is measured through interest coverage ratio, calculated as earnings before interest and taxes (EBIT)/ interest. The median interest coverage ratio fell to 4.8 times in the July-September 2011 quarter against 7.8 times in July-September 2010.]]></description>
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            <title><![CDATA[Realty rates drop across Asia, Mumbai follows suit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12810</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 04 Jan 2012 07:35:50 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- During the bounce back from the global crisis in 2009, Singapore and Mumbai were the Asian cities that registered maximum appreciation in realty prices — as much as 75%, in just two years. With economies and regulation in regression mode, these cities will be at the forefront of price fall too, said real estate consultant DTZ in a report.]]></description>
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            <title><![CDATA[SC notice to UP, Greater Noida Authority]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12809</link>
			<source>The Times of India</source>
			<pubDate>Wed, 04 Jan 2012 07:34:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The Supreme Court on Tuesday issued notices to Uttar Pradesh government and Greater Noida Authority on a petition filed by a group of farmers challenging the acquisition of their agricultural land in Garhi Bachchera village of Gautam Buddh Nagar district. A bench of justices R M Lodha and H L Gokhale sought a response from the authorities within four weeks on the special leave petition filed by five aggrieved farmers challenging the judgement of Allahabad High Court which had on October 21 last year upheld the acquisition.]]></description>
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            <title><![CDATA[Mumbai realtors to pay premium for free-of-floor space index area]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12808</link>
			<source>Business Standard</source>
			<pubDate>Wed, 04 Jan 2012 07:33:21 +0530</pubDate>
			<description><![CDATA[Business Standard- The Maharashtra government, in a bid to provide level playing field to developers and reduce arbitrary decision-making, has amended the development control regulations (DCRs) for the state capital city. According to the DCR amendments, balconies, flower beds, terraces, voids and niches would be counted in the floor space index (FSI). To compensate for the loss of free-of-FSI areas, fungible FSI to the extent of 35 per cent for residential development and 20 per cent for industrial and commercial developments has been allowed with premium.]]></description>
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            <title><![CDATA[Maha govt changes Development Control Rules for Dharavi re-development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12807</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 04 Jan 2012 07:31:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- Ahead of the Mumbai civic polls, Maharashtra government today announced changes in the Development Control Rules (DCR) for the re-development of Dharavi slum, situated in central Mumbai. Addressing a press conference here, chief minister Prithviraj Chavan said that the process of re-development of sector 5 in Dharavi, would get a boost, following the changes in the DCR.]]></description>
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            <title><![CDATA[Urban Development Ministry: DDA Master Plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12806</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 04 Jan 2012 07:30:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi Development Authority (DDA) began review of the Master Plan of the national capital and Urban Development Minister Kamal Nath suggested allowing of higher Floor Area Ration (FAR) and Floor Square Index (FSI) which would allow the land-starved city to grow vertically. In another significant development, &quot;The National Capital Territory of Delhi Laws (Special Provisions) Second Bill, 2011&quot; was passed which will make special provisions for the National Capital Territory of Delhi for a further period of three years from January 1 this year.]]></description>
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            <title><![CDATA[Noida builders begin cancellation of flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12805</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 04 Jan 2012 07:28:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Buyers of flats in Noida Extension, who have been denied bank loans in the absence of clearances from the National Capital Region Planning Board for the housing projects, are now being issued cancellation notices by the builders for non payment of instalments. The demand letters were issued by the builders after October 25. According to the cancellation letter issued by Palm Olympia developers and Valencia homes, buyers who do not pay the additional payments within the next two months will have their allotment cancelled, and will receive reimbursements of the amounts paid earlier.]]></description>
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            <title><![CDATA[Delhi: Process to cancel certificates of unauthorised colonies begins]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12804</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 04 Jan 2012 07:28:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi government has started the process of cancelling provisional regularisation certificates of 34 unauthorised colonies based on the report of an investigation. The government had decided to cancel provisional regularisation certificates (PRCs) of 73 after an internal inquiry conducted by Urban Development department found &quot;gross violation&quot; of prescribed norms in issuance of provisional regularisation certificates (PRCs) to the colonies in 2008.]]></description>
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            <title><![CDATA[UNSHACKLE LAND, GO FOR HIGH DENSITY -Experts say Delhi cannot be New York because it doesn’t have infrastructure to support vertical growth. Also, since it’s located in an active seismic zone, it would be unsafe]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12803</link>
			<source>The Times of India</source>
			<pubDate>Tue, 03 Jan 2012 07:02:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Should Delhi go vertical? Town planners believe it is a wrong question to begin with. The question we should ask is how best we can house our people and manage population densities within the city, says author and urban studies expert Gautam Bhan, who is currently pursuing a PhD in urban planning at University of California, Berkeley. While talk of Delhi going vertical – an idea mooted by urban development minister Kamal Nath – conjures up images of gigantic highrises painted across the Delhi skyline, experts in urban design say the best way to solve Delhi’s housing woes lies in high-density low-rises.]]></description>
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            <title><![CDATA[M’rashtra Alters DC Rule for Construction of Smaller Flats -Makes it compulsory to keep 20% of flats constructed on large schemes of a smaller size]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12802</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 03 Jan 2012 07:01:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Maharashtra government has made certain changes in Development Control (DC) rules for new constructions in all municipal corporation areas in the state to make it compulsory for builders and developers to keep 20% of the flats constructed on large schemes of a smaller size. The government claims this will allow economically weaker sections to buy flats in big-ticket construction projects. State chief minister Prithviraj Chavan announced this after the weekly cabinet meeting in Mumbai on Monday. Chavan said this decision was taken to ensure that economically backward sections too get an opportunity to buy residential accommodation in upmarket areas in cities like Mumbai and Pune.]]></description>
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            <title><![CDATA[Kotak Plans to Raise $350 m Via Foreign Realty Fund -New fund will be deployed over next 3 years with focus on residential projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12801</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 03 Jan 2012 06:59:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- Kotak Realty Fund plans to raise $350 million, or about . 1,866 crore, through a foreign real estate fund that will invest primarily in residential projects. This follows a series of successful exits from projects over the last one year, when it registered return on investments—or IRR, or internal rate of returns—of 32% in exits worth $240 million, or about . 1,280 crore, a banking official said.]]></description>
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            <title><![CDATA[Maintaining growth guidance of 20% for FY12: LIC Housing Finance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12800</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 03 Jan 2012 06:59:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- In an interview with ET Now, VK Sharma, CEO, LIC Housing Finance, gives his views on company&#039;s status and strategies. Excerpts:]]></description>
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            <title><![CDATA[Red Fort Capital to raise Rs 1,500 crore realty fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12799</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 03 Jan 2012 06:57:48 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Red fort Capital is planning to raise a Rs 1,000-1,500 crore real estate-dedicated fund in 2012. A senior official from Red Fort Capital confirmed that it was planning to raise a new fund by January, but declined to comment on the amount it is targeting. As the first round of real estate dedicated PE funds in India matures, a small breed of brave PE funds is attempting to go back to their investors for fresh subscription to new funds.]]></description>
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            <title><![CDATA[High ready reckoner to keep property sales low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12798</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 03 Jan 2012 06:56:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Maharashtra government&#039;s decision to increase ready reckoner rates - used as basis for calculation of stamp duty and registration of properties - by 10-30% in Mumbai is expected to keep sales volume in the city at low, experts said. The hike will result in higher transaction cost for investors, while for end users the government itself has further widened the existing gap between affordability and market rates, which is another worrisome factor for developers.]]></description>
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            <title><![CDATA[The Role Of Real Estate Corporate Finance:JLL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12797</link>
			<source>India Infoline</source>
			<pubDate>Tue, 03 Jan 2012 06:56:01 +0530</pubDate>
			<description><![CDATA[India Infoline- Financial crises in some or the other form are known to happen almost every decade, and in all parts of the globe.  In the past, countries like Argentina, Sweden, Korea, Russia, Indonesia, the UK, Japan and the US have all seen financial meltdowns in varying degrees and for varying reasons. Such crises are the results of overheating markets, excessive debt leveraging, credit booms, errors in reading risks, too much money leaving the country in too short a period, faulty or mismanaged macroeconomic policies and unmonitored deregulation.]]></description>
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            <title><![CDATA[Cold realty market will warm up in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12796</link>
			<source>Business Today</source>
			<pubDate>Tue, 03 Jan 2012 06:54:38 +0530</pubDate>
			<description><![CDATA[Business Today- With all economic parameters indicating a slowdown, real estate prices should moderate in 2012 making it possible for many people to buy an apartment. Similarly, an oversupply situation in commercial real estate should soften rentals in this sector during the year, feel experts.]]></description>
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            <title><![CDATA[China-based HNA Group joins race to buy DLF&#039;s Aman Resorts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12795</link>
			<source>Business Standard</source>
			<pubDate>Tue, 03 Jan 2012 06:53:44 +0530</pubDate>
			<description><![CDATA[Business Standard- China-based conglomerate, HNA, has joined the race to buy Aman Resorts, the biggest non-core asset of realty major DLF, according to analysts and bankers. The 68 billion-RMB group, which is into airlines, hotels, airport management, real estate, retail and tourism, is learnt to have offered above Rs 2,000 crore for the resorts.]]></description>
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            <title><![CDATA[20 pct land reservation made mandatory for affordable housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12794</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 03 Jan 2012 06:52:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Maharashtra government today made it mandatory for developers with layout of over 2000 sq mt to reserve 20 per cent of land for affordable housing. Chief Minister Prithviraj Chavan who also holds the Housing portfolio told reporters after the cabinet meeting that developers preparing layout of more than 2000 sq mt, will have to set aside atleast 20 per cent of the land in 30 to 50 sq mt area.]]></description>
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            <title><![CDATA[Builders seek viable policy redeveloping old housing societies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12793</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 03 Jan 2012 06:51:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Builders Association of India (BAI) has sought Maharashtra Chief Minister Prithviraj Chavan&#039;s intervention in redevelopment of old and dilapidated housing societies, and also those in the MHADA layout, besides rehabilitation of slum dwellers. In a letter to Chavan, BAI has claimed that redevelopment projects in all Maharashtra Housing and Area Development Authority (Mhada) layouts have come to a grinding halt and no proposals under the new policy have come up since last September as proposals under changed policy are not at all commercially viable.]]></description>
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            <title><![CDATA[Maharashtra housing law could be less stringent than Centre’s]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12792</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 03 Jan 2012 06:50:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- While Maharashtra might be set to become the first state in the country to put in place a real estate watchdog, several of the provisions in Maharashtra Housing Act, 2011, may turn out to be less stringent than its Central counterpart. The state Cabinet recently approved the draft of the Maharashtra Housing (Regulation and Promotion of Construction, Sale, Management and Transfer) Bill, 2011, a law meant to safeguard the interest of home buyers. The move comes two months after the Union Ministry of Housing and Urban Poverty Alleviation released its Model Real Estate (Regulation &amp; Development) Bill, 2011, drafted to serve as a prototype for enforcing such a law at the state level.]]></description>
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            <title><![CDATA[DDA’s Role as Housing Watchdog May Get the Axe]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12791</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 02 Jan 2012 08:13:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delhi Development Authority (DDA) could soon lose its monitoring role over all housing activities in the national capital. The finance ministry has initiated work on creating a new regulator for the capital’s housing sector to replace the DDA, which currently acts as a regulator, a housing board as well as a builder. The move is likely to face resistance from the DDA which has prepared an ambitious 2021 Master Plan for Delhi that entails planned development of 202 square kilometers to make the capital a global metropolis. The urban development ministry is currently reviewing the Master Plan and considering the issue of appointing regulators for urban governance which could include one to oversee land development authorities.]]></description>
			</item><item>
            <title><![CDATA[Bio-bins to get rid of garbage]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12790</link>
			<source>The Times of India</source>
			<pubDate>Mon, 02 Jan 2012 08:11:59 +0530</pubDate>
			<description><![CDATA[The Times of India- The city corporation is planning to introduce bio-bins in residential apartments in the city, as part of the massive campaign being undertaken to implement source-level waste management. This has become essential because of people in Vilappilsala not allowing dumping of waste in their area. Bio-bins are a set of two boxes made of fibre with a dimension of 180x90x75cm. These bio-bins will be installed with the help of Confederation of Real Estate Developers Association of India [CREDAI].]]></description>
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            <title><![CDATA[FDI inflows up 36% in Jan-Oct]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12789</link>
			<source>The Times of India</source>
			<pubDate>Mon, 02 Jan 2012 08:10:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Foreign direct investment in India surged by 36% to $23.68 billion during the January-October period this year despite uncertain global economic uncertainty. During January-October 201O, the country had attracted Foreign Direct Investment (FDI) worth $17.36 billion. The sectors that attracted maximum FDI during the nine-month period include services (financial and non- financial), telecom, housing and real estate, and construction and power.]]></description>
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            <title><![CDATA[Realtors hail regulatory body]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12788</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Jan 2012 08:09:53 +0530</pubDate>
			<description><![CDATA[Business Standard- State plans to table Bill, which seeks transparency in the sector, in Budget session. The realty sector has welcomed the Maharashtra government&#039;s decision to establish a Housing Regulatory Authority, but with riders. The players have pitched for early clearance for project development with their involvement and demanded the regulations should not create a licence regime.]]></description>
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            <title><![CDATA[Investing in Real Estate PE Funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12787</link>
			<source>Indian Express</source>
			<pubDate>Mon, 02 Jan 2012 08:08:52 +0530</pubDate>
			<description><![CDATA[Indian Express- The fragmented nature of the Indian developer community provides scope for Real Estate Private Equity (REPE) funds to source off-market investment opportunities and strategic relationships. This has led to Indian HNIs viewing domestic REPE funds as a preferred asset class for diversified investment. However, REPE is not suitable for small retail investors, since the minimum ticket size in most funds is R 25 lakh.]]></description>
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            <title><![CDATA[2011, a year to cherish]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12786</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 02 Jan 2012 08:07:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- It was marked by good sales, a lot of demand in the residential sector and the maximum number of project launches in recent years. The year 2011 was a year to cherish for developers in Bangalore with good sales and a lot of demand in the residential sector. It was when the Bangalore property market saw the maximum number of project launches in recent years. The demand and the resultant sales of apartments in Bangalore gain significance if one were to recall that 2011 was also when banks increased their home loan rates by approximately 250 basis points.]]></description>
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            <title><![CDATA[NBFCs&#039; importance goes up in sluggish property market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12785</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Jan 2012 08:06:54 +0530</pubDate>
			<description><![CDATA[Business Standard- At a time of falling sales and more credit risk, they are elbowing out PE firms with cost, turnaround and flexibility rationales.
Non-banking finance companies (NBFCs) will give private equity (PE) firms a run for their money in the realty sector this year, as developers fight falling home sales and tight bank credit. Many PE firms did structured or mezzanine debt deals in the past two-three years. The rates were 25-26 per cent, and they’d down-sell it to NBFCs at 17-18 per cent and exit. Now, NBFCs are directly doing straight debt deals with developers at 18-22 per cent, say top property consultants.]]></description>
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            <title><![CDATA[Real estate players expect gloom to continue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12784</link>
			<source>Press Trust of India</source>
			<pubDate>Mon, 02 Jan 2012 08:05:52 +0530</pubDate>
			<description><![CDATA[Press Trust of India- The real estate industry, which saw unsold inventory and rising debt burden in 2011, expect the glut to remain this year as well.
Analysts, however, expect an improvement in terms of completion of existing projects, as they are likely to focus on execution and timely delivery during the new year. The year 2011 witnessed higher unsold inventories and delay in project execution due to continuous rate hikes by the Reserve Bank of India, forcing buyers to delay purchases, which led to a liquidity crunch for developers and high construction cost due to increasing input prices.]]></description>
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            <title><![CDATA[Bengal set to amend Urban Land Ceiling Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12783</link>
			<source>Business Standard</source>
			<pubDate>Mon, 02 Jan 2012 08:04:47 +0530</pubDate>
			<description><![CDATA[Business Standard- In the New Year, Mamata Banerjee’s government is finally in the process of readying its first formal sop for attracting investment in the state, seven months after she assumed charge of West Bengal. The government led by the Trinamool Congress (TMC) is currently putting final touches to a proposal. This, when implemented, will place the information technology industry outside the purview of the Urban Land Ceiling Act (ULCA).]]></description>
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            <title><![CDATA[Hyderabad office space sells like hot cake]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12782</link>
			<source>The Times of India</source>
			<pubDate>Mon, 02 Jan 2012 08:03:53 +0530</pubDate>
			<description><![CDATA[The Times of India- Hyderabad may have fallen behind Bangalore and Chennai this year when it comes to absorption of office space, but 2012 is slated to put Hyderabad firmly back in the race, according to realty consultancy firm Cushman &amp; Wakefield. According to a report put out by the realty services player, the total office space absorption in Hyderabad went down 28% to 3.76 million sft as compared to 5.25 million sft in 2010 at a time when the pan-India absorption rose 8%, largely due to the lack of appropriate space options in the preferred suburban markets like Gachibowli and near zero vacancy rates in SEZs coupled with the political turmoil.]]></description>
			</item><item>
            <title><![CDATA[Real estate developers need more options for funding]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12781</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 02 Jan 2012 08:02:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- The past will come back to haunt real estate developers in 2012. Volatile stock markets continue to deny them access to cheap capital while high interest rates and project costs deter home buyers from purchases. Lenders’ caution to fund them will fill developers’ cup of woes.]]></description>
			</item><item>
            <title><![CDATA[Urbanscape: At what cost this elevation?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12780</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 02 Jan 2012 08:01:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- The sum and substance of the recent criticism levelled by the Minister for Urban Development, is that the Delhi Master Plan does not respond to the needs of the day and needs drastic change. The solution that is doing the rounds is that Delhi should go vertical. The source of this inspiration is unknown, whether it is aping the West, going the ‘Mumbai way’ or is it driven by the virtues of private enterprise. Prima facie, this appears to be a simple solution. However, there are many implications and without analysing all these in detail, we cannot take any drastic and sweeping decisions. Here are some points of contest.]]></description>
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            <title><![CDATA[Office space supply falls 20% in 2011: Cushman &amp; Wakefield]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12779</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 31 Dec 2011 10:37:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Amid slowdown fears, supply of office space in top eight cities has declined by over 20 per cent to 34.01 million sq ft in 2011, global realty consultant Cushman &amp; Wakefield said. According to a study, the consultant said the cities had witnessed a supply of 43.15 million sq ft of office space in 2010.]]></description>
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            <title><![CDATA[Dharavi: Self-created SEZ for Poor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12778</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 31 Dec 2011 10:36:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- The slum, with a population around 1 million, is a hive of workshops with an annual economic output estimated between $600 m &amp; $1 b. At the edge of India’s greatest slum, Shaikh Mobin’s decrepit shanty is cleaved like a wedding cake, four layers high and sliced down the middle. The missing half has been demolished. What remains appears ready for demolition, too, with temporary walls and a rickety corrugated roof.]]></description>
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            <title><![CDATA[USER-FRIENDLY BUILDINGS FOR OLD AND DISABLED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12777</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Dec 2011 10:34:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as we see luxurious and grand buildings coming up everywhere, are we sensitive and serious towards the needs of the old and the disabled? Are commercial and residential buildings being tailor-made for them, as they ought to be? Observing World Disability Day (December 3) once a year is not enough, as there is a need for all the stakeholders of the realty sector to look into the interests of this silent minority with urgency, sincerity and be persistent in the objectives. D S Meshram, an urban planner and architect with the Institute of Urban Planning, says that realty firms must take care of the interests of the disabled, as well as senior citizens, at the time of design and planning of their projects.]]></description>
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            <title><![CDATA[CEMENT PRICES ROCKET, REALTY TAKES BIG HIT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12776</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Dec 2011 10:33:09 +0530</pubDate>
			<description><![CDATA[The Times of India- The cement crisis has badly hit Indian real estate market. The reasons are not far to see - cartelization, cut in supply and a sharp increase in the cement prices. 
Due to increase in cement rates, developers are facing problems like delay in project execution and high cost of construction. If this situation continues, it would impact the overall real estate market. It could also lead to delay in delivery of projects and increase in real estate prices. In the current scenario, where interest rates are going up, additional increase in prices due to input cost will affect demand. This is not good for improving the economy, builders and developers say.]]></description>
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            <title><![CDATA[Kandivali land scam: CBI takes over probe]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12775</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 31 Dec 2011 10:31:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Central Bureau of Investigation (CBI) has taken over the probe into Maharashtra government&#039;s decision to sell a land plot measuring over one acre, occupied by the Army in suburban Kandivali, to a private company.
The case is similar to the Adarsh Housing Society scam in which the Ministry of Defence had alleged that state government officials had in connivance with private persons handed over land, which was under Army&#039;s possession. The Kandivali land scam too will look into the alleged role of Defence estate officials and state government officials.]]></description>
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            <title><![CDATA[FACILITY MANAGEMENT ADDS VALUE TO PROPERTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12774</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Dec 2011 10:30:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The scenario in the markets here is fast-evolving and creating several opportunities for various sectors such as hotels and hospitality, real estate (residential and commercial), IT, healthcare, and education, to name a few. Domestic organisations seeking to be global players require the necessary advanced infrastructure to match international standards. One of the rapidly growing sectors in India is real estate and infrastructure. This sector is currently contributing seven percent of the GDP and is the secondlargest contributor after agriculture.]]></description>
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            <title><![CDATA[FIR against 26 for sale of govt land in Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12773</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 31 Dec 2011 10:30:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi Police has registered a case of cheating, forgery and criminal conspiracy against 26 persons, including eight government officials, for allegedly conniving with property dealers and builder mafia to sell government land in Pul Prahladpur area of Southeast Delhi. The government officials failed to take any action against the encroachers even though the local police filed a detailed report and sent repeated reminders to them.]]></description>
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            <title><![CDATA[Review of Delhi Master Plan begins]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12772</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 31 Dec 2011 10:29:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- The process of reviewing Delhi’s Master Plan has officially begun. The secretary of the Ministry of Urban Development held the first multi-agency meeting on Wednesday to discuss the viability of increasing the floor area ratio (FAR) across the city. Urban Development Minister Kamal Nath has said the MPD-21 will be reviewed by next year, keeping in mind the ground realities for the next 30 years.]]></description>
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            <title><![CDATA[REAL ESTATE IN 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12771</link>
			<source>The Times of India</source>
			<pubDate>Sat, 31 Dec 2011 10:28:25 +0530</pubDate>
			<description><![CDATA[The Times of India- Year 2011 was a mixed bag for the real estate industry in India. If the sector hit a low during the land acquisition row in Greater Noida, the launch of skyscrapers in the Delhi NCR was literally the high point. Real estate market in 2011 has been both sweet and sour for developers and builders — sweet, in the sense that a number of affordable and luxurious housing projects were launched.]]></description>
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            <title><![CDATA[Forgery case: High Court denies bail to Ambernath builder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12770</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 31 Dec 2011 10:27:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court on Thursday refused to grant anticipatory bail to Ambernath developer Shravankumar Bagaria in a case involving alleged forgery and fraud in a sale agreement in 1996. The 60-year-old developer, through his lawyer Subhash Jha, sought bail citing ill health and told the court that he has recently suffered a kidney failure and is undergoing dialysis treatment. However, Justice M L Tahilyani refused to accept these contentions and said his conduct with respect to the alleged crime would not permit the court to grant him any relief.]]></description>
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            <title><![CDATA[STILL NO ROOM IN GAMES FLATS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12769</link>
			<source>The Times of India</source>
			<pubDate>Fri, 30 Dec 2011 07:27:56 +0530</pubDate>
			<description><![CDATA[The Times of India- More than two months after the Commonwealth Games wrapped up, DDA began the new year with a new vice-chairman, G S Patnaik, who took over in January. He announced a slew of reforms especially in the maintenance of land records as well as making the process of conversion to freehold process online.]]></description>
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            <title><![CDATA[SBI’s Loan Disbursal Falls as Home Sales Plummet -Lender disburses . 1,000 cr less home loans till Nov; tier-II &amp; tier-III cities more than make up for rest of the lenders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12768</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Dec 2011 07:24:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- India’s biggest lender, the State Bank of India, disbursed . 1,000 crore less home loans during the year to November as home sales plummeted across top cities because of high home prices and growing interest rates. “Growth in home loan disbursals is down because of the drop in offtake in key markets, especially in the Delhi-national capital region and Mumbai,” says Bhaskar Niyogi, chief general manager at State Bank of India. Between April-September 2011, SBI disbursed home loans worth . 12,700 crore, down from . 13,900 crore in the same period last year.]]></description>
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            <title><![CDATA[Flats show the way]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12767</link>
			<source>The Hindu</source>
			<pubDate>Fri, 30 Dec 2011 07:23:27 +0530</pubDate>
			<description><![CDATA[The Hindu- When the entire city is losing sleep over the worsening garbage disposal crisis, apartment owners in some multi-storeyed complexes in the city have the luxury of remaining unperturbed. Foreseeing the crisis at Vilappilsala, the secretary of SFS Richmond Apartment Owners&#039; Association, Sasthamangalam, issued a notice to fellow apartment owners on November 28 announcing a shift from the Corporation-dependant garbage disposal system to a source-level waste treatment project.]]></description>
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            <title><![CDATA[Anytime is a good time to buy a house to live in]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12766</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Dec 2011 07:22:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Buying a house is a major financial decision with an emotional quotient. More so, if it&#039;s your first purchase and you plan to stay in it. You just need to keep the emotional strings under tab to make a financially sensible decision. The rising costs of construction and debt have constrained the developers. &quot;Rising input costs caused developers to slow down construction and new launches. Most of the new launches in 2011 were in the mid-income and budget homes segment,&quot; says Om Ahuja, CEO - residential services at Jones Lang LaSalle India.]]></description>
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            <title><![CDATA[Development plan for Pune’s fringe areas okayed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12765</link>
			<source>The Times of India</source>
			<pubDate>Fri, 30 Dec 2011 07:20:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Planned development may now happen in the 23 villages around Pune with chief minister Prithviraj Chavan approving the development plan (DP) on Thursday. In the absence of such a plan, these merged areas have seen little development in the past 14 years. Physical infrastructure like roads is almost absent and drinking water supply from the civic body is scarce even though the fringes have witnessed hectic building construction, some of them illegal.]]></description>
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            <title><![CDATA[NRE rate war could raise cost of funds for firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12764</link>
			<source>The Times of India</source>
			<pubDate>Fri, 30 Dec 2011 07:19:36 +0530</pubDate>
			<description><![CDATA[The Times of India- As Kerala banks scramble to mop up NRI money following the Reserve Bank of India (RBI) freeing interest rates on December 16 to stem the massive slide of the rupee, the perennial challenge of bagging new customer deposits seems to be at bay for now. But cost of funds could rise significantly, as banks end up paying higher interest of 125-300 basis points on new deposits, say financial experts.]]></description>
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            <title><![CDATA[2011 tough for realty, no respite seen in short-run]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12763</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Dec 2011 07:18:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- The realty industry in India faced a negative sentiment in 2011, with developers, buyers and investors caught in a quagmire due to a host of unfavourable conditions, notably a slowdown in the economy, muted flow foreign direct investment, rising inflation, fluid stock market and rising interest rates. Liquidity crunch was the bane of the industry. The average cost of debt shot up, adding to developers&#039; debt burden. Top 11 listed real estate companies accumulated a debt of over Rs 8,000 crore, with DLF alone contributing more than 50 percent to it.]]></description>
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            <title><![CDATA[Godrej raises Rs 45 cr by selling 49% stake in Gurgaon project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12762</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 30 Dec 2011 07:17:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Godrej Properties today said the company has raised Rs 45 crore by selling 49 per cent stake in its arm to private equity firm Sun Apollo. The subsidiary &#039;Godrej Premium Builders&#039; is developing a project in Gurgaon. &quot;Through this agreement, Godrej Properties has sold 49 per cent stake in its subsidiary Godrej Premium Builders,&quot; the company said in a statement.]]></description>
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            <title><![CDATA[Rs 138L housing loan scam in MP, Maha]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12761</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 30 Dec 2011 07:16:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- CBI has raided eleven premises in Bhopal and Nagpur in Maharashtra in connection with a housing loan scam running into Rs 138.52 lakh, allegedly involving a former official of a public sector lender, besides five city-based builders, officials said today. Offices and residences of former State Bank of Hyderabad branch manager Ravindra J Pathrove, Thirupathy Construction Pvt Ltd., Prabhakar Builders and Developers, S S Construction and Lakshmi Homes were yesterday raided for allegedly securing loan to the tune of 138.52 lakh on forged documents to purchase houses in 2009-2010, they said.]]></description>
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            <title><![CDATA[HUL shortlists five bidders for Worli property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12760</link>
			<source>Business Standard</source>
			<pubDate>Thu, 29 Dec 2011 06:37:02 +0530</pubDate>
			<description><![CDATA[Business Standard- Hindustan Unilever Ltd (HUL), India’s largest fast moving consumer goods company, has shortlisted entities led by billionaire industrialists Anil Ambani, Ajay Piramal and Gautam Adani, and realty developers Peninsula Land and Oberoi Realty to sell its sea-facing property ‘Gulita’ in Worli here, according to sources close to the development. Gulita is the former training facility of HUL.]]></description>
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            <title><![CDATA[A big chunk of green in the IT hub of Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12759</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Dec 2011 06:31:59 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Green 201, a residential apartment project at Pudupakkam promoted by the newly formed Green Tree Homes and Ventures, comes for a launch price of Rs 3,000 per sq ft. Green Tree Homes and Ventures, a new property development company launched by a group of architects and designers, has unveiled its first project — Green 201, a residential apartment project at Pudupakkam. The location of the project is close to Siruseri, which is the IT hub on OMR, Chennai’s IT corridor.]]></description>
			</item><item>
            <title><![CDATA[A big chunk of green in the IT hub of Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12758</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Dec 2011 06:30:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Green 201, a residential apartment project at Pudupakkam promoted by the newly formed Green Tree Homes and Ventures, comes for a launch price of Rs 3,000 per sq ft. Green Tree Homes and Ventures, a new property development company launched by a group of architects and designers, has unveiled its first project — Green 201, a residential apartment project at Pudupakkam. The location of the project is close to Siruseri, which is the IT hub on OMR, Chennai’s IT corridor.]]></description>
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            <title><![CDATA[Manjeera Group builds Purple Town in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12757</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Dec 2011 06:28:58 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- MvAnjeera group, which has over two decades of experience, has launched its exclusive luxury villa complex, Purple Town, at Goppanapally near Gachibowli. The villas will be priced around Rs 2 crore and will come up in an area of over six acres. According to its managing director, G Yoganand, the project will be a medley of style and practicality. There will be 46 units, with size ranging between 3,000 and 3,500 sq ft, covering an area of 300 sq yards.]]></description>
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            <title><![CDATA[Luxury commercial project launched]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12756</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Dec 2011 06:27:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Marvel Realtors’ Edge, with its curvilinear fa&ccedil;ade, promises to provide a distinctive signature to Pune’s skyline. Pune-based real estate developer, Marvel Realtors, has launched a 1.1 million sq ft luxury commercial space project, Marvel Edge at Viman Nagar in Pune. The company has tied up with Och-Ziff, US-based Nasdaq-listed hedge funds, and has also invested Rs 760 crore in the project.]]></description>
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            <title><![CDATA[More PE firms to exit realty sector in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12755</link>
			<source>Business Standard</source>
			<pubDate>Thu, 29 Dec 2011 06:26:44 +0530</pubDate>
			<description><![CDATA[Business Standard- The year 2011 saw one of the lowest investments by the private equity (PE) sector in Indian real estate at $0.85 billion (Rs 4,488 crore) and increased fund-raising activity by domestic fund managers such as Indiareit, Kotak and ASK Investment Holdings. Here is a look at the top three trends likely to emerge in the real estate PE space in 2012.]]></description>
			</item><item>
            <title><![CDATA[Chugging along]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12754</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Dec 2011 06:25:29 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Although demand for commercial spaces remains stable, India’s prime cities are expected to see a glut of supply
Until the global economic slowdown and the resultant recession that set in late 2008, the commercial office space was a thriving business segment for property developers across major cities in India. Driven primarily by the IT/ITeS boom, developers were vying with each other to launch new commercial spaces, a majority of which were IT Parks and malls.]]></description>
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            <title><![CDATA[Maha may get housing sector watchdog]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12753</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Dec 2011 06:24:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra Cabinet today approved setting up of a regulatory authority which aims to bring in transparency and shield consumers from unscrupulous practices in the housing sector. Minister of state for Housing Sachin Ahir said a lot of housing projects were coming up in Maharashtra and consumers have been facing difficulties in getting the home of their choice.]]></description>
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            <title><![CDATA[DLF, partner sell Pune SEZ to Blackstone]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12752</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Dec 2011 06:23:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty giant DLF today announced that the company and its partner has sold an IT SEZ in Pune to private equity firm Blackstone for Rs 810 crore. DLF, the country&#039;s largest realty firm, is selling its non-core assets to reduce debt, which stood at Rs 22,519 crore as on September 30, 2011.]]></description>
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            <title><![CDATA[India real estate: Snapshot 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12751</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Dec 2011 06:22:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- Market forces of demand and supply are the most potent determinants of price and the developments in the real estate industry during year 2011. The stalemate between the buyers and developers is weakening as developers attempt to salvage their position by adopting to the last resort of reducing property prices although in a quiet manner for transactions on table or where a large upfront payment is agreed.]]></description>
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            <title><![CDATA[New development plan for Delhi has to factor in next 30 yrs: Centre]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12750</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Dec 2011 06:20:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- Union Minister for Urban Development Kamal Nath on Tuesday said the government was trying to draw future plans keeping in mind the projected population growth. He said this was necessary since urban planning in the National Capital Region (NCR) had not kept pace with the rise in population.]]></description>
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            <title><![CDATA[Ajay Piramal, Indian tycoon, has tons of cash but nowhere to invest]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12749</link>
			<source>The Times of India</source>
			<pubDate>Wed, 28 Dec 2011 07:39:25 +0530</pubDate>
			<description><![CDATA[The Times of India- Ajay Piramal is sitting on a mountain of cash. Yet the billionaire Indian tycoon, working in one of the world&#039;s fastest growing economies, is struggling to decide what to do with the money. The problem isn&#039;t opportunity, he said. It&#039;s India.]]></description>
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            <title><![CDATA[CCI judgement against DLF - Impact on home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12748</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 28 Dec 2011 07:37:39 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The competition commission of India (CCI) has imposed a penalty of Rs. 630 crores on the largest real estate company of India, DLF. This has been hailed as a landmark judgement. CCI is an institution created to ensure that no institution or company exploits its dominant position to create a monopolistic situation in the market by unfair means. CCI has taken a serious stand against DLF and termed the violation as the “grossly abusing its dominant position”.]]></description>
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            <title><![CDATA[LIC Housing Fin to raise Rs 8K crore in fourth quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12747</link>
			<source>Business Standard</source>
			<pubDate>Wed, 28 Dec 2011 07:36:30 +0530</pubDate>
			<description><![CDATA[Business Standard- LIC Housing Finance Ltd plans to raise up to Rs 8,000 crore in the last quarter of the current financial year.
The housing finance arm of state life insurer Life Insurance Corporation (LIC) said it would use combination bonds and loans to raise the amount, to be used to fund business growth in the remaining part of the financial year.]]></description>
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            <title><![CDATA[Dikshit expresses reservations on high-rises in Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12746</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Dec 2011 07:35:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi Chief Minister Shiela Dikshit today expressed her reservations on allowing high-rise buildings in the capital, saying that availability of power and water should be factored in before going ahead with it.
Responding to a question on Urban Development Minister Kamal Nath&#039;s recent comment that the capital should grow vertically, Dikshit said that she was not very keen about the idea.]]></description>
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            <title><![CDATA[US rental demand lifts housing sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12745</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Dec 2011 07:34:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- With US unemployment at a lofty 8.6 per cent, home foreclosures rising and property prices under pressure, more and more Americans have given up the dream of owning, opting instead to rent, a shift that is remaking the face of the US housing industry. The percentage of Americans who own their home dropped from a peak of 69.2 per cent in late 2004 to a 13-year low of 65.9 per cent in the second quarter. It edged up to 66.3 percent in the third quarter of this year.]]></description>
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            <title><![CDATA[Knight Frank on real estate sector outlook for 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12744</link>
			<source>Myiris</source>
			<pubDate>Tue, 27 Dec 2011 07:22:33 +0530</pubDate>
			<description><![CDATA[Myiris- What is in store for the real estate sector in 2012 remains the biggest question. In terms of the residential segment, the deadlock between the buyers and developers should break in favour of buyers. As this happens, the pent up demand from the section of buyers that are sitting on fence in anticipation of price correction would translate into improved fortunes for residential property market. Employment scenario, inflation and interest rate have a bearing on the overall sentiment of buyers. Since, houses are bought by people who are confident, these factors will have a role to play and hence cues from government action will be keenly observed, said Pranab Datta, vice chairman and managing director, Knight Frank India.]]></description>
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            <title><![CDATA[Law of averages should favour the equities in coming year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12743</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Dec 2011 07:21:30 +0530</pubDate>
			<description><![CDATA[Business Standard- Market is a place where ‘people with money’ meet ‘people with experience’ and often lose money and gain experience. The year 2011 has been a difficult one to make money. But it has taught a few good lessons. The first rule in investment is ‘price&#039;; it is what you pay and ‘value’ is what you get. In the beginning of 2011, there was little value in equities (though not many said so explicitly) and, more importantly, it kept deteriorating during 2011. Prices kept on chasing the ‘value’ on the way down through 2011. At the end, the value has gone a little below the ‘price&#039;. But the momentum will take down prices further in the near term. The Sensex is trading at a level that was first seen in mid-2007, and earnings have grown 40 per cent since then. The law of averages should favour the equity investor in 2012.]]></description>
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            <title><![CDATA[2012, year of discounts &amp; project delays in real estate; Sellers should wait for the market to pick up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12742</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Dec 2011 07:20:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Traditionally, real estate has been dependent on the demand and supply situation in the market. However, 2011 showed how it can be swayed by sentiment, much like the equities. The caution exercised by buyers in 2011 was the result of the adverse impact of rising interest rates and high inflation. The spate of hikes in interest rates by the RBI also led to a steep rise in the EMIs for home loan borrowers.]]></description>
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            <title><![CDATA[Ahmedabad takes to the streets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12741</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 27 Dec 2011 07:18:48 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The who&#039;s who of Amdavad have hailed Sabarmati marathon as the best thing to have happened to the city. They all participated in the marathon on Sunday morning, ending it completely in awe of the concept. Participating in the run were JCP Atul Karwal, educationist Manjula Pooja Shroff, Kaushal Mehta of Motif, real estate developers Jaxay Shah, Deepak Patel, Deepak Vaswani of Venus Group of Companies and managing director of Safal Rajesh Brahmbhatt among others.]]></description>
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            <title><![CDATA[First quarter of 2012 to be dull for realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12740</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Dec 2011 07:17:49 +0530</pubDate>
			<description><![CDATA[Business Standard- Property prices, supply to remain stagnant till March.
With the bearish conditions set to linger in the new year as well, the Ahmedabad realty market may witness continued stagnancy across commercial and residential properties in first quarter of 2012. Till December 2011 already, the city, especially in the western parts, saw a dip of 20 per cent in residential property buying throughout the month, said experts.]]></description>
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            <title><![CDATA[ArthVeda launches second real estate fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12739</link>
			<source>Myiris</source>
			<pubDate>Tue, 27 Dec 2011 07:16:39 +0530</pubDate>
			<description><![CDATA[Myiris- Arth Veda Fund Management (AVFM), a fund management arm of Dewan Housing Finance Corporation (DHFL), which is India`s 3rd largest mortgage finance company, today announced the launch of its second real estate fund - ArthVeda Star. The fund, which is open for domestic institutions and high net-worth individuals aims to raise Rs. 2 billion, with a greenshoe of Rs. 1 billion; and will invest in greenfield residential projects.]]></description>
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            <title><![CDATA[Noida acquisition row: Land in trouble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12738</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Dec 2011 07:15:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- In October 2011, the Allahabad High Court, among other direction such as asking the Greater Noida Authority to get new buildings approved by the National Capital Region Planning Board (NCPRB), directed the Authority to increase the compensation by 64 per cent, and increase developed plots due to these farmers from 5 to 10 per cent of the acquired land.]]></description>
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            <title><![CDATA[The Real Estate Promise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12737</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Dec 2011 06:55:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Indian economy is now facing the reality of a significant moderation in growth partly due to the prolonged weakness in the global economy coupled with structural imbalances in the Indian economy. One sector, in particular, that continues to be buffeted by bad news and has few sympathisers is the real estate industry. Of the many charges made against the industry, ‘exorbitant’ or ‘unrealistic’ pricing leading to profiteering is often the main complaint. But is that true? In a fragmented industry such as this, how can developers dictate pricing? Led by a chorus of influential voices and supported by the ridiculous levels of prices in Mumbai, it was easy for policymakers, regulators and financiers to clamp down on the industry. Monetary policy on the industry has been tight since 2007 with periodic further tightening thereafter.]]></description>
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            <title><![CDATA[Delhi-NCR tops list for unsold homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12736</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Dec 2011 06:54:08 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developers maintain price levels even as demand slows and interest rates rise. This year, the unsold inventory in residential real estate was the highest in Delhi-NCR at 102,758 units, followed by the Mumbai metropolitan region at 90,512. Bangalore came next with 46,596 units, and Pune followed with 40,734 units, according to PropEquity, a real estate intelligence platform.]]></description>
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            <title><![CDATA[RBI&#039;s latest Financial Stability Report reassuring]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12735</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Dec 2011 06:52:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- At a time when there is growing uncertainty about the health of many Western banks, the latest version of the Financial Stability Report (FSR) just released by Reserve Bank of India (RBI) is reassuring. Indian banks remain robust though capital adequacy ratios have fallen and non-performing assets (NPAs) have increased. Stress tests show banks are reasonably resilient though the capital adequacy of some banks could be adversely affected under severe credit risk stress scenarios. At a more disaggregated level, the picture is less encouraging. In particular, the consequences of, largely, public sector banks&#039; headlong rush into lending for infrastructure projects, often at the behest of the government and the RBI, are now evident.]]></description>
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            <title><![CDATA[Green buildings not an in-thing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12734</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Dec 2011 06:51:50 +0530</pubDate>
			<description><![CDATA[The Times of India- Despite government incentives, concept of green buildings has failed to catch the fancy of real estate developers here. This is much in contrast to booming real estate markets like Gurgaon (Haryana), Mumbai, Bangalore and Hyderabad where &quot;green&quot; is the in-thing.
Section 33 (7) of the Bhubaneswar Development Authority (Planning and Standards) Regulation 2008 gives concession to platinum or gold certified green buildings. The BDA may refund fee proportionate to 0.10 premium floor area ratio to the developer of such buildings as per the regulation.]]></description>
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            <title><![CDATA[NCR&#039;s 2012 realty scene promising]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12733</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Dec 2011 06:50:38 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- After being confronted with flagging sales, successive rounds of interest rate hikes and land acquisition issues in pockets such as Greater Noida this year, will the tide turn for the Delhi NCR residential market in 2012? Most industry experts concede that the deteriorating macro indicators will continue to be an overhang on the housing sales in coming months. Liquidity continues to be tight for builders. To top it, the full impact of the global crisis on the job market is yet to unfold, they say, emphasising that factors like these will continue to put pressure on the real estate purchases.]]></description>
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            <title><![CDATA[Reforms, better town planning, quicker approval needed in real estate sector for betterment of economy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12732</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Dec 2011 06:49:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Indian economy is now facing the reality of a significant moderation in growth partly due to the prolonged weakness in the global economy coupled with structural imbalances in the Indian economy. One sector, in particular, that continues to be buffeted by bad news and has few sympathisers is the real estate industry. Of the many charges made against the industry, &#039;exorbitant&#039; or &#039;unrealistic&#039; pricing leading to profiteering is often the main complaint. But is that true? In a fragmented industry such as this, how can developers dictate pricing?]]></description>
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            <title><![CDATA[The grand SEZ dream on deathbed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12731</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Dec 2011 06:47:57 +0530</pubDate>
			<description><![CDATA[Business Standard- Calculations seem to have gone offtrack along the way; the initiators blame policy confusion and lack of comprehension in coordination. The Special Economic Zone (SEZ) policy was launched with considerable hype in India in 2006, when the economy was booming and investors around the world were looking at the country as a credible investment destination. It was launched with the promise of lucrative tax incentives, to substantially boost export.]]></description>
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            <title><![CDATA[Punjab realty sector to be sluggish till polls over: experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12730</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Dec 2011 06:46:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- The real estate sector in Punjab is likely to witness sluggishness in the run up to Assembly elections in the state next month, with investors expected to adopt a wait-and-watch policy with regard to new investments till the next state government comes to power, say experts.]]></description>
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            <title><![CDATA[Greater Noida: Great value for low costs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12729</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Dec 2011 06:46:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Located in Uttar Pradesh, barely 40 kilometres from New Delhi and 20 kilometres from Noida, the area of Greater Noida is slowly but surely on the path to becoming one of the largest industrial and education centres of the country. Real estate in this area is amplifying at a good pace in wake of its growing importance as a realty destination around Delhi.
Like other areas of the NCR, Greater Noida too is home to a number of Indian and foreign companies, which is an advantage for the area. It is on its way to becoming a commercial hub. Real estate in this city has huge potential for development.]]></description>
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            <title><![CDATA[Home loans can buy more]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12728</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Dec 2011 06:45:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Your existing home loan provider can be your best friend in times of your future financial needs. As they offered you a mortgage against your house, they can also help you with a quick loan against your house called a ‘top-up loan’ where you don’t have to provide any additional collateral or paper work.]]></description>
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            <title><![CDATA[How slums can get a facelift]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12727</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Dec 2011 06:44:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- Most slum redevelopment schemes although started with noble intentions, remain stalled despite the availability of funds. The usual reasons are disputes involving ownership, and resistance by the slum dwellers to land acquisition — ironic, for they are the supposed beneficiaries of the project. A slum rehabilitation project in Pune, however, has tided over these hindrances and is on course to achieving its goal. The project, financed under the Jawaharlal Nehru National Urban Renewal Scheme (JNNURM), is redeveloping the slums in-situ with the involvement multiple stakeholders: Central and state governments, local civic body, local political leadership, NGOs and most important, the slum dwellers themselves.]]></description>
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            <title><![CDATA[HIGHRISE LIVING IN INDIA: A COUNTERPOINT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12726</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Dec 2011 08:01:39 +0530</pubDate>
			<description><![CDATA[The Times of India- With a handful of builders like Ireo, Raheja and Supertech proposing high-end skyscrapers, the trend of vertical development now seems to be catching up in Delhi NCR. After all, when global cities like New York, Dubai and Hong Kong can do it and back home Mumbai can be seen doing it, why can&#039;t the National Capital Region too take to high living - particularly, in view of all the factors and circumstances, ranging from relaxed norms to consumer preference to the shortage of land and rising land prices, tilting in its favour?]]></description>
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            <title><![CDATA[NOIDA EXPRESSWAY IS A REALTY HOTSPOT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12725</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Dec 2011 07:59:26 +0530</pubDate>
			<description><![CDATA[The Times of India- Considering the fastpaced development of infrastructure along the Noida-Greater Noida Expressway, developers, realtors and property professionals are all upbeat about the future prospects of real estate in this emerging hot location. The six-lane Noida-Greater Noida Expressway connecting with the 165km Yamuna Expressway promises to put property in these twin real estate hotspots of the NCR on a fast track. Special economic zones (SEZs), hotels, and commercial and residential complexes coming up on the Noida-Greater Noida Expressway offer great scope for strong and sustained growth for all real estate segments.]]></description>
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            <title><![CDATA[DEVELOPMENT ON A ‘RELIGIOUS ’SPREE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12724</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Dec 2011 07:57:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Having easy exit and entry points, Mathura-Vrindavan not only share a 80 kilometer stretch on the current national highway but are likely to have another portion of 80 kilometers in the upcoming Yamuna Expressway too, thus, making these places attractive locations for potential builders, developers, residents, visitors and tourists alike. Known as the land of Lord Krishna, this region has immense value in terms of faith, religion and spirituality. But there still is a lot of scope for improvement in the cities of Mathura, Vrindavan and Goverdhan in terms of developing world class infrastructure, star hotels and luxury branding among others.]]></description>
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            <title><![CDATA[REFORMS MUST FOR BILL’S SUCCESS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12723</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Dec 2011 07:56:22 +0530</pubDate>
			<description><![CDATA[The Times of India- The draft Real Estate Bill, if adopted in the present format, will only affect the developers and lead to increase in the cost of housing units across the country. The association of developers argue that the implementation of the bill, without changing the business environment in the country, will prove a death knell to the housing sector. The Federation of Indian Chambers of Commerce and Industry (FICCI) said the draft bill will penalize developers for time overruns due to the inefficiency of government bodies in granting clearances.]]></description>
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            <title><![CDATA[‘Use waste to generate power’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12722</link>
			<source>Deccan Chronicle</source>
			<pubDate>Sat, 24 Dec 2011 07:55:13 +0530</pubDate>
			<description><![CDATA[Deccan Chronicle- Suchitwa Varsham 2011-2012, which was organised by the corporation in association with Confederation of Real Estate Developers’ Associations of India (CREDAI), was launched on Friday at the Jawaharlal Nehru International stadium. Inaugurating the observation of the sanitation year, the union minister, Mr K.V. Thomas said waste treatment should be part of the development process.]]></description>
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            <title><![CDATA[Farmers planting sustainable cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12721</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Dec 2011 07:54:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- A recent paper published by the IIC in the Capital elaborates on the Magarpatta story: how land-owning agriculturists in the Pune municipal area got together to form a corporate entity for planned urban development. Now the idea of small and marginal farmers leveraging their land assets to build entire cities remains a novel concept in India, although what is now called Magarpatta City was proposed back in 1993-94. Hence Magarpatta, so-called because most of the farmer families in the area had the family name &#039;Magar,&#039; and &#039;patta&#039; denotes a patch of land, seems to be relevant nationally.]]></description>
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            <title><![CDATA[Poor returns in realty force global investors to bypass fund managers, invest directly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12720</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Dec 2011 07:53:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Global investors or limited partners (LPs) who give money to private equity (PE) funds to invest in Indian real estate developers are now looking to skip fund managers and instead invest directly. Some may co-invest with funds to seek maximum value as real estate returns have been disappointing; in the process, fees could halve.]]></description>
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            <title><![CDATA[Nouveau riche driving India’s luxury growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12719</link>
			<source>Financial Chronicle</source>
			<pubDate>Sat, 24 Dec 2011 07:52:45 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Small &amp; medium business owners with revenues above Rs 50 cr constitute 50% of buyers. So you think it’s the ultra-rich and the neo-moguls who splurge on the luxuries of life? Think again. The luxury market in India, which stood at $5.74 billion in 2010, is primarily driven by small &amp; medium business owners and traders with revenues above Rs 50 crore. This newly rich class constitutes over 50 per cent of the buyers of luxury. Their wealth is their passport to the elite segment of society. And indulging in luxury buying is their way of flashing their entry into the upper crust. Despite all this, the business-owner segment is still under-leveraged. Unsurprisingly, their children are the bigger spenders, having been educated abroad and hence familiar with brands and the luxury way of living.]]></description>
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            <title><![CDATA[Real estate in 2011 fared better than expected]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12718</link>
			<source>Business Today</source>
			<pubDate>Sat, 24 Dec 2011 07:51:48 +0530</pubDate>
			<description><![CDATA[Business Today- Despite prohibitive property prices , sharp rise in home loan interest rates, overall inflationary pressure and effects of global slump, the real estate sector in 2011 fared better than expected, said experts. &quot;The year 2011 would have been much worse. Initially, we expected it to perform at lower rates. But the first three quarters pulled up the year&#039;s performance. It was only since mid-October that the sector started facing problems, &quot;said Anuj Puri, chairman, Jones Lang LaSalle India.]]></description>
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            <title><![CDATA[People will start looking at real estate much more in 2012: Nalin Kumar, Rabo India Securities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12717</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Dec 2011 07:51:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate will survive. The developers will survive. What you have to keep in mind is real estate is a long-term cycle. It is not short-term. You buy and you hold for a period and the overall profits that the developers make are very substantial. Being able to deal with a pain for a short period or a high interest cost on a small amount of the project is all workable.]]></description>
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            <title><![CDATA[As Rupee falls, NRIs &#039;home’ in on realty in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12716</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 24 Dec 2011 07:50:04 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The record decline in the value of the Indian rupee and the sluggish realty market have proved to be a double delight for overseas Indians investing in property here. Niranjan Hiranandani, managing director of the Hiranandani Group, said, “The decline in the rupee value against the dollar/dinar in the international market has helped to attract more and more NRI buyers. If the cost of the flat is Rs1 crore as per the Indian market, the NRI has to pay only Rs85 lakh— 15% less, thanks to the record decline in the rupee value.”]]></description>
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            <title><![CDATA[Hot Indian property destinations for NRIs in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12715</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Dec 2011 07:48:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Non Resident Indian (NRI) might as well remember 2011 as the year of the &#039;lazy investor&#039;. For NRIs have gained 18% since August 2011, simply by remitting money to India; no effort at all. But as we approach 2012, NRIs must take stock of how best to use their remittances. The traditional favorite has always been real estate. But in this volatile market, how great an investment is it? Is this a good time to buy property in India? What kind of property is a good bet?]]></description>
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            <title><![CDATA[Don&#039;t raze scam-tainted Adarsh Housing Society, says CAG]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12714</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Dec 2011 07:48:05 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Comptroller and Auditor General of India (CAG) has opposed demolition of Mumbai&#039;s scam-hit Adarsh Housing Society building and termed the entire episode as a classic example of &quot;fence eating the crops&quot;. In its report, tabled in Maharashtra Legislative Assembly today, the Government auditor said the suggestion to raze the 31-storey structure in upscale Colaba area is &quot;hasty and inadequately considered&quot;.]]></description>
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            <title><![CDATA[Land policy: Banks meet Noida admin]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12713</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Dec 2011 07:47:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- After the Supreme Court ordered closing banking operations in residential areas, the Noida Residents Banks’ Association (NRBA) met Noida Authority officials on Thursday. The panel requested the Authority to regularise banks, at their current location, under mixed land use. Secretary of NRBA Rohit Sapra said, “The Noida Authority was considering changing the land use of other plots in residential areas. We have requested that the residential plots, where banks and other commercial institutions run presently, should be granted change of status as ‘commercial-under-residential’. There is a provision for this in the Noida Master Plan-2031, under the conditional, permissible use clause. We are asking them to invoke this clause.”]]></description>
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            <title><![CDATA[MAINTENANCE OF APARTMENTS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12712</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Dec 2011 07:22:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Services of professionals is called for in the maintenance of any apartment or real estate complex. In its absence, these buildings will decay and fall apart. Above all, nothing can be achieved without the cooperation of all the stakeholders, says ET Realty. Imagine an ugly situation where cops are called in to settle frayed nerves of office bearers and members of a cooperative group-housing society over the question of upkeep of the complex. Both the parties are armed with solid arguments to counter the other party.]]></description>
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            <title><![CDATA[Timing the realty market -Even as investors make profitable exits from properties, the buying decisions can wait for some time, feel experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12711</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Dec 2011 07:20:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rising global economic uncertainties have left real estate investors a worried lot. Most of them are leaving no stone unturned to find reliable answers to questions like ``is it the good time to sell? ``Should the decision to invest in property be postponed?&#039;&#039; Shveta Jain,director,residential services of consultancy firm Cushman Wakefield India, was very forthcoming when she said that with the property prices reaching new peak levels in markets such as NCR and Mumbai, it appears to be a favourable time to sell. It provides the investors with an opportunity to book higher profits, she acknowledged.]]></description>
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            <title><![CDATA[Realty PE Funds Open up New Avenues]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12710</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Dec 2011 07:15:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Indian real estate sector has grown rapidly over the last few years, with its stakeholder profile evolving from locally-focused, privately-owned enterprises to increasingly corporatised, professional organisations funded with public capital and having multiple market and product strategies. As a result, Indian real estate has seen a considerable flow of capital in recent years, both from foreign as well as domestic sources. The developer community is adapting to the requirements of joint venture arrangements with institutional capital sources by providing improved transparency and higher professional standards.]]></description>
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            <title><![CDATA[Reserve Bank of India hints FII in stocks may dip]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12708</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Dec 2011 07:05:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank of India, or RBI, has hinted that foreign institutional investment (FII) in stocks may dip due to uncertainties in the US and Europe; banks may have to grapple with more bad loans; and current account deficit can widen. The saving grace is that Indian banks and financial institutions are strong enough to withstand the turmoil.]]></description>
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            <title><![CDATA[It’s opportunities galore in retail loans, and a few challenges]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12707</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 23 Dec 2011 07:05:01 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Earlier this year, a group of buyers negotiated a deal for a bulk order of 150 Mercedes Benz cars. While stunning in itself, this deal was even more noteworthy because these fans of the luxury car were not from the major centres of car buying — Mumbai or NCR. Instead, they were from the small Maharashtrian town of Aurangabad — previously known largely for its proximity to the Ajanta-Ellora caves. This deal is symbolic of one of the major trends currently carrying the retail loans industry in India - the growth engine for car, home and other loans has moved from the metros to the smaller cities.]]></description>
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            <title><![CDATA[2012 will restore the touch with ‘realty’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12706</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 23 Dec 2011 07:03:32 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- While it is true that the real estate sector has overcome many blows in 2011, particularly with the high interest rates eating into sales, the new year is expected to breathe a new life into the sector. According to a report published by Makaan.com, property transactions dropped by 25% in Bangalore over the last eight months. Property prices in the city increased by 33.1% when compared with the prices a year ago.]]></description>
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            <title><![CDATA[Kotak Realty Fund to invest Rs 170 cr in BPTP’s Gurgaon Project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12705</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Dec 2011 07:02:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Kotak Realty Fund is investing Rs 170 crore in NCR-based developer BPTP&#039;s residential township project Astaire Gardens in Sector-70A of Gurgaon. While the township project is spread over 102.2 acres, Kotak is taking over 50% stake in a 70-acre part of the project where BPTP is selling plots and villas. Kotak is investing in the project through its foreign fund Kotak India Real Estate Fund 1. A banking source close to the development said &quot;this is a preferred equity transaction with a hurdle of 18-20%.&quot;]]></description>
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            <title><![CDATA[Slugging realty market beckons NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12704</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 23 Dec 2011 07:01:08 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Slugging realty sector in Indore is beckoning non resident Indians (NRIs). Devaluation of the rupee against the US dollar has whetted their desire to buy properties in India, as their foreign currency has become costlier. Real estate developers are hopeful that the trend would help them stabilise the tottering realty sector back on track.]]></description>
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            <title><![CDATA[Q&amp;A: Irfan Razack, Prestige Group -&#039;Floating REIT in Singapore is an option&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12703</link>
			<source>Business Standard</source>
			<pubDate>Fri, 23 Dec 2011 06:59:44 +0530</pubDate>
			<description><![CDATA[Business Standard- Prestige Estate Projects has been synonymous with premium developments in South India. The crown jewel is of course the towering UB Group headquarters in Bangalore, and the neighbouring uber-premium mall. Prestige is now embarking on a super-luxury residential Kingfisher Towers on Vijay Mallya’s ancestral property, with each flat spread over 8,000 square feet and starting at close to ~20,000 per square feet. The company, founded by Irfan Razack, CMD, Prestige Group, last fiscal went public and is toying with various options to increase liquidity and is studying ways to unlock the value in several of its assets.]]></description>
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            <title><![CDATA[DivyaSree to embark on fund raising of $100 mn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12702</link>
			<source>Business Standard</source>
			<pubDate>Fri, 23 Dec 2011 06:57:44 +0530</pubDate>
			<description><![CDATA[Business Standard- DivyaSree Developers, a realty developer based in Bangalore, is embarking on another major round of fund raising through which the company is looking to raise as much as $100 million during the next four years at the project level. The first tranche of $30 million is expected to be raised during early next year.]]></description>
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            <title><![CDATA[Draft Real Estate Bill biased: FICCI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12701</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Dec 2011 06:57:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Industry chamber FICCI said the draft Real Estate (Regulation &amp; Development) Bill, 2011, does not provide equal treatment to all stakeholders and asked the government to make amendments for the benefit of builders. &quot;If a project gets delayed because of approval issues, then why penalise the developer? There should be an accountability on the part of machinery also and the regulator should consider this aspect,&quot; said FICCI Real Estate Committee Co-Chair Pranay Vakil in New Delhi.]]></description>
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            <title><![CDATA[Mantri Developers Replaces Maytas in Jubilee Hills Landmark Project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12700</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 22 Dec 2011 07:17:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- One of Hyderabad’s largest mixed-use real estate projects will finally be revived after three years. Bangalore-based real estate firm Mantri Developers is replacing Maytas Properties, the Satyam group firm that was building Jubilee Hills Landmark along with ICICI Venture and Nagarjuna Constructions Company.]]></description>
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            <title><![CDATA[Five HOTTEST real estate cities to watch out for in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12699</link>
			<source>Rediff</source>
			<pubDate>Thu, 22 Dec 2011 07:16:12 +0530</pubDate>
			<description><![CDATA[Rediff- Real estate in India is perhaps one of the most vibrant and ever growing sectors of the country with seemingly limitless opportunities. India figures in the list of one of the real estate markets every global consultant of repute recommends to invest.]]></description>
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            <title><![CDATA[Realty check shows buyers have an array of good choices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12698</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Dec 2011 07:14:45 +0530</pubDate>
			<description><![CDATA[The Times of India- Bangalore&#039;s housing sector has been rated as the third best in the country scoring 2.8 on a scale of 5 in the TOI-IMRB Quality of Life survey. Ahmedabad with a score of 3.1 emerged the top city followed by Hyderabad, which recorded a score of 2.9. Three years ago, before the downturn hit the realty market, Bangalore would have been ranked last in such a survey as real estate prices had hit the roof. Thanks to the downturn, the real estate market has gone through a period of correction, which has today made Bangalore one of the most affordable cities.]]></description>
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            <title><![CDATA[PEs rake in money from realty amid slowdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12697</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Dec 2011 07:14:01 +0530</pubDate>
			<description><![CDATA[Business Standard- Amid the perception of gloom and doom in the Indian property market, here’s something to cheer about. The real estate industry has given 1.21 times, or 20 per cent, average returns to private equity (PE) investors in the past four years, compared to the global average of 0.8 times. Mumbai and Kolkata, with returns of 1.4 and 1.3 times, respectively, were the top performers, said a report by global property consultant Jones Lang LaSalle (JLL).]]></description>
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            <title><![CDATA[Ackruti launches premium residential project in Andheri]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12696</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Dec 2011 07:13:14 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Ackruti City has recently launched a premium residential project, Ackruti Hillcrest, in Andheri. Vimal Shah, managing director of Ackruti City said, “Andheri East has grown as both, a residential and commercial hub. We believe that walk-to-work kind of concept is getting very popular in Mumbai, where people take ho&shy;urs to reach their workplaces. The prices are in the range of Rs 10,900 per sq ft, starting at Rs 85 lakh. Earlier, Andheri East didn’t have any well-integrated residential complexes with modern amenities. And the wide range of accommodation space is an advantage to our project.”]]></description>
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            <title><![CDATA[Get Italian designs at Dream Palazzo]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12695</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Dec 2011 07:12:33 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The development of straight line architecture may soon become pass&eacute; in Kolkata. This is what the promoters of Dream Palazzo are claiming. Jain Group, which has 30-plus years of experience in realty and financial services, aims to bring classic detailing of Italian architecture to Kolkata for the first time.]]></description>
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            <title><![CDATA[Prestige’s Palladium office space in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12694</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Dec 2011 07:11:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Bangalore-based Prestige Group has unveiled Palladium, its office project on Greams Road, close to the arterial Anna Salai in Chennai. Prestige Palladium is the company’s third commercial project in Chennai, after Prestige Cyber Towers and the upcoming Prestige Polygon.]]></description>
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            <title><![CDATA[Loan on pause]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12693</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Dec 2011 07:11:21 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The pace of growth in home loans is on the decline after briefly gaining momentum in mid-2011. High interest rates are indeed pinching homebuyers, forcing them to postpone investment decisions. Though most banks continue to see their home loan books growing in size, the growth has certainly hit a slow lane. With the Reserve Bank of India (RBI) signalling the end of the high interest regime in its mid-quarter review on December 16, interest rates may begin to fall early next year, translating in to a pick-up in demand.]]></description>
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            <title><![CDATA[Future of third floors hangs on SC ruling]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12692</link>
			<source>The Times of India</source>
			<pubDate>Wed, 21 Dec 2011 07:07:35 +0530</pubDate>
			<description><![CDATA[The Times of India- At a time when the Union urban development ministry has begun the process of reviewing the Master Plan of Delhi-2021(MPD) and minister Kamal Nath suggesting vertical expansion of the city, uncertainty looms over residents, who got the third floor constructed after the master plan was implemented in 2007. MCD officials say since the issue pertaining to the master plan’s validity is pending in the Supreme Court, the status of these third floors remains uncertain.]]></description>
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            <title><![CDATA[Gemideals.com enter strategic alliance with REMMA Services]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12691</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Dec 2011 07:06:23 +0530</pubDate>
			<description><![CDATA[Business Standard- Gemideals.com a hassle free digital destination to finding the best real estate group deals in Mumbai today announced its strategic partnership with REMMA Service, part of REMMA Group, consisting of an online information services company, and provider of full service infrastructure and advisory services. With this collaboration gemideals.com now houses a wide range of services that benefit the buyer and provides value for money that goes beyond group buying and discounts.]]></description>
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            <title><![CDATA[Real issues lost in Real Estate Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12690</link>
			<source>Daily Pioneer</source>
			<pubDate>Wed, 21 Dec 2011 07:04:58 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- The real estate sector is one of the most unstructured yet an important sector — providing largest employment next only to agriculture — of the economy that has been trying hard to get industry recognition and has been earnestly pushing for a regulatory body to create a policy framework. The Real Estate (Regulation of Development) Bill is the response of the Government to the oft-repeated demands of the developers and the consumers. The Real Estate (Regulation of Development) Bill 2011 falls woefully short of the need for a Real Estate Regulator. In essence, it seeks to punish developers for each and every slippage, even where the issues are beyond his imagination and control — a travesty of justice.]]></description>
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            <title><![CDATA[Realty in a shambles, private equity exits skyrocket]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12689</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 21 Dec 2011 07:03:36 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- It’s a dream gone sour for private equity firms as far as their exposure to the Indian real estate is concerned. But the bad news doesn’t stop there. At a more practical level, the disappointment has led to a sizeable number of exits from the sector. If you look at the last four years, private equity exits are to the tune of $3 billion. As much as 83% of them came in the last two years alone. Going forward, the industry is expected to face the $3 billion exit mark again for 2012.]]></description>
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            <title><![CDATA[Real estate sales fall to 31 month low in November]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12688</link>
			<source>Myiris</source>
			<pubDate>Wed, 21 Dec 2011 07:01:28 +0530</pubDate>
			<description><![CDATA[Myiris- Sales registrations for the month of November 2011 are down 20% YoY to 4,060 levels. On a MoM basis, registrations declined by 12%. Sales registrations have continued to languish at 4,000-4,500 levels for the last few months amid a challenging macro environment. November registrations are the lowest once again and this time in 31 months. In terms of monetary policy, RBI has indicated that a reversal in policy is on the cards as soon as the expected drop in inflation materializes over the next few months.]]></description>
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            <title><![CDATA[November 2011 Economy &amp; Realty @ Glance: Knight Frank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12687</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 21 Dec 2011 06:58:47 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The recent economic crisis in countries such as Greece and Italy has played havoc in the global financial market with major lenders staying away from participating in the bond auction of these countries. This has resulted in investors diverting their funds towards safe havens like gold and USD (US Dollar). In the past couple of months, USD has appreciated significantly against most of the currencies including the INR (Indian Rupee).]]></description>
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            <title><![CDATA[Mumbai realty sale registrations hit a low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12686</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Dec 2011 06:56:31 +0530</pubDate>
			<description><![CDATA[Business Standard- Registrations of property sales have hit a 31-month low in this city due to high realty prices and mortgage rates, says a study. Registrations for November are down 20 per cent over a year, to 4,060 units, and down 12 per cent month on month, says a report by equity brokerage Prabhudas Lilladher (PL). Saying the Reserve Bank of India’s policy on pausing and easing of rates is positive for the sector, the report says the onus is on developers to cut prices to push sales.]]></description>
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            <title><![CDATA[India realty likely to see up to $5 billion PE exits in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12685</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Dec 2011 06:32:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity (PE) funds are expected to exit between $3 billion and $5 billion worth of Indian real estate investments in 2012, international brokerage Jones Lang LaSalle said on Tuesday. Most of these investments were made in the country in 2005/06 and are now coming to the end of their 5-7 year cycle, triggering the exit, the brokerage house said in a report.]]></description>
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            <title><![CDATA[Pune developer to franchise affordable home projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12684</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Dec 2011 06:30:08 +0530</pubDate>
			<description><![CDATA[Business Standard- City-based Vastushodh Projects Private Limited has planned to franchise its affordable home brand ‘Anandgram’ and ‘Urbangram’, to the other developers in Pune. The company has developed affordable home schemes under this brand name for low income groups and middle income groups and developing 230 flats. The 1 and 2 BHK flats are in the price range of Rs 17 – 25 lakh. of 500 to 700 sq feet.]]></description>
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            <title><![CDATA[India realty likely to see $2.5b PE exits in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12683</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 21 Dec 2011 06:27:47 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Most private equity real estate fund managers have either hit the exit phase already or are readying themselves to exit investments to repay investors in their funds. In 2012, such funds are expected to sell assets worth around $2.5 billion, said real estate consultancy Jones Lang LaSalle. The real estate consultancy forecasts that realised returns for these funds will continue to be low given the negative market sentiment and weak economy. As a result fresh investments by real estate PEs are expected to be under $1 billion in 2012, according to Puri.]]></description>
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            <title><![CDATA[The crisis now is worse than in 2008, says India Inc]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12682</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Dec 2011 06:25:40 +0530</pubDate>
			<description><![CDATA[Business Standard- Some still hopeful, most say lack of confidence has made the difference.Corporate India has added a new word to its jargon: the C-word. Ask any CEO or banker about the difference between the slowdown in 2008 and now, the answer is almost repetitive: “We can still live with the S-word, but the C-word has made all the difference this time”.]]></description>
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            <title><![CDATA[Realty thugs on prowl in Noida, NRIs soft target]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12681</link>
			<source>The Times of India</source>
			<pubDate>Tue, 20 Dec 2011 07:37:39 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as more and more people are moving towards the twin townships in search of affordable homes, the numbers of property frauds have also been increasing. Police records show that nearly 200 property fraud cases were registered in Noida and Greater Noida this year with miscreants targeting NRIs and non-residents.]]></description>
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            <title><![CDATA[Sundaram BNP Paribas to disburse Rs 1,800 cr in home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12680</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Dec 2011 07:36:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sundaram BNP Paribas Home Finance Ltd, the home finance subsidiary of Sundaram Finance Ltd, looks set to achieve its Rs 1,800 crore home loan disbursements target for the fiscal 2011-12, a top official of the company said today. The company has already made disbursements worth Rs 1,210 crore toward home loans.]]></description>
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            <title><![CDATA[Sachin Karpe floated two firms in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12679</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Dec 2011 07:35:31 +0530</pubDate>
			<description><![CDATA[Business Standard- Trader accused by UK regulator of trying to create illegal investment arm for Anil Ambani. Sachin Karpe after his exit from UBS Wealth Management following the investigation by the UK’s Financial Services Authority (FSA) into alleged illegal trades, Sachin Karpe has moved to India and has since set up two new businesses in the financial services industry.]]></description>
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            <title><![CDATA[Floating rate customers to benefit from dip in rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12678</link>
			<source>The Times of India</source>
			<pubDate>Tue, 20 Dec 2011 07:34:30 +0530</pubDate>
			<description><![CDATA[The Times of India- Floating rate home loans, which did not reflect market rates when they fell, would now become more faithful to their name. With all major lenders discontinuing pre-payment charges on floating rate loans, including those refinance, banks say that floating rates will now indeed float. ICICI Bank waived pre-payment charges on floating rate home loans effective from November 23 this year for both new and existing customers. This is applicable for partial or full prepayment of home loan.]]></description>
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            <title><![CDATA[BPTP ties up with HDFC for home loan at 5.99%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12677</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Dec 2011 07:33:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- At a time when interest rates on home loans are hovering around 11-14 per cent, realty firm BPTP has joined hands with private sector lender HDFC to finance new purchases of houses at just 5.99 per cent for a limited period till December 31. The rates, however, will be applicable for EMIs for the first five years.]]></description>
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            <title><![CDATA[Slump in real estate fills banks’ coffers with NRG deposits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12676</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 20 Dec 2011 07:32:21 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The slump in the real estate sector has come as aboon to banks in Gujarat. Finding realty unprofitable, non-resident Gujaratis have again started depositing money in banks which has swelled their coffers. In the year ended September 2011, deposits by non-resident Gujaratis (NRG) in banks located in the state increased substantially over the corresponding period last year. This has been revealed in a recent report of the State Level Banker&#039;s Committee (SLBC) of Gujarat. The only exception to this upward trend is Kutch district. Every other district of the state has seen a significant rise in NRG deposits this year.]]></description>
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            <title><![CDATA[Hilton eyes 50 hotels in India in 5 yrs, to bring new brands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12675</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 20 Dec 2011 07:31:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hospitality firm Hilton Worldwide is aiming to operate 50 hotels in the next five years in India and launch new brands -- &#039;Conrad&#039; and &#039;Waldorf Astoria&#039; – in the country from its global portfolio. The firm today announced introduction of its middle segment brand &#039;Hampton&#039; in the Asia Pacific region with the opening of a hotel at Vadodara in Gujarat under a franchise agreement with Baywood Hotels India Pvt Ltd.]]></description>
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            <title><![CDATA[Real estate PE business loses much lustre]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12674</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 20 Dec 2011 07:30:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Last month Ivanhoe Cambridge, one of the world’s ten largest real estate companies, decided to call it a day in India. The Canada- headquartered firm had spent almost three years in India looking for appropriate investments in retail real estate either on its own or with partners who could meet its risk return criteria. The end result, not a single deal.]]></description>
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            <title><![CDATA[Glass Act Can Light Fire Of Change]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12673</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Dec 2011 06:44:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Agenda for Renewal by some of India’s respected business leaders is a dual-purpose magnifying glass: to enlarge our attention on some critical public issues and to sharpen our political leaders’ focus and light the fire of action in the coming days and weeks. I would like to make three observations. First, to elaborate on one item that is already on the agenda — Urban India. Second, to add an item to the list — making markets work for the poor. And third, to share my views on what it would take to see action in Delhi.]]></description>
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            <title><![CDATA[India’s Urban Renaissance — Serving The Next Billion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12672</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Dec 2011 06:42:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- ACensus 2011 shows India’s urban surge is underway, with cities housing approximately 31% of the population – 377 million. Between 2001 and 2011, approximately 90 million people were added to cities, which accounted for around 60 % of India’s GDP. By 2030, cities will account for over 40% of India’s population, 70% of GDP, 85% of taxes, and create 70% of net new jobs. Eight states will be more than 50% urbanised. Readying for this scorching pace of urbanisation requires a rapid scaleup in urban infrastructure services and capital spending. For example, India will need to build metro systems in 19 cities (of over 2 million people), increasing to 35 by 2030.]]></description>
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            <title><![CDATA[Green homes for the common man]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12671</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Dec 2011 06:41:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- International Finance Corporation is looking at supporting affordable housing in the Rs 5-7 lakh range for the lower-middle and less-affluent segments. Is not a house with a ceiling fan more ‘green&#039; than one with a power-guzzling air conditioner, asks Mr Prashant Kapoor, Senior Industry Specialist, International Finance Corporation (IFC), Washington. IFC, which has embarked on a major initiative in the housing finance sector in India for the first time, for the investment arm of WB, is looking at supporting mass housing and ‘truly affordable housing&#039;.]]></description>
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            <title><![CDATA[Builder offers 500 more plots]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12670</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Dec 2011 06:40:56 +0530</pubDate>
			<description><![CDATA[The Times of India- Having tested Tricity real estate waters some months earlier with the launch of the initial phase of Hyde Park Estate residential project in Mullanpur, and claimed that all 800 plots were sold out within a matter of days, real estate major DLF recently launched around 500 more plots of 350 and 500 square yards as an extension of the estate. However, the reserve price, which was at Rs 27,000 per square yard earlier, has now been hiked up to Rs 32,000 per square yard.]]></description>
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            <title><![CDATA[Know the right time to invest in realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12669</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Dec 2011 06:40:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rising global economic uncertainties have left real estate investors a worried lot. Most of them are leaving no stone unturned to find reliable answers to questions like `` is it the good time to sell? `` Should the decision to invest in property be postponed?&#039;&#039; Shveta Jain, director, residential services of consultancy firm Cushman Wakefield India , was very forthcoming when she said that with the property prices reaching new peak levels in markets such as NCR and Mumbai, it appears to be a favourable time to sell. It provides the investors with an opportunity to book higher profits, she acknowledged . Since the onset of economic recovery in 2009, the housing market has seen substantial growth in terms of capital .]]></description>
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            <title><![CDATA[India sees PE deals worth $7.7 bn this yr: Grant Thornton]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12668</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Dec 2011 06:39:08 +0530</pubDate>
			<description><![CDATA[Business Standard- Private equity deals witnessed a 24% surge in value and volume terms this year, with 347 transactions valued at $7.7 billion announced during the period, a 24% jump vis-a-vis the corresponding period last year. According to consultancy firm Grant Thornton, PE deals worth $7.7 billion were announced this year through 347 transactions compared to $6.2 billion by way of 253 deals in 2010.]]></description>
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            <title><![CDATA[Realtors banking on rupee fall to drive business up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12667</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Dec 2011 06:38:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Property developers in Kochi are banking heavily on the depreciation of rupee against dollar to help increase sales as the industry is in a slump. The Confederation of Real Estate Developers Association of India ( CREDAI-Kochi), one of the two associations of builders in the state, is conducting a property show at Jawaharlal Nehru International Stadium, Kaloor, and the organizers believe that it will enliven the sluggish realty market in Kochi.]]></description>
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            <title><![CDATA[Kolkata multi-storied building]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12666</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Dec 2011 06:37:32 +0530</pubDate>
			<description><![CDATA[Business Standard- The Supreme Court last week set aside the judgment of the Calcutta high court which had upheld the acquisition of several floors of a building in Kolkata occupied by certain companies. The West Bengal government earlier requisitioned the floors but at the end of the 25-year period, notified the property for acquisition for “public purpose”, namely for permanent office accommodation of the Public Works Department. This was opposed by the owners. However, they were not given a proper hearing and the property was acquired. When the government action was challenged in the high court, both the single judge and the division bench dismissed the petition. In the appeal before the Supreme Court, it was argued that the right to raise objections and being heard was not an empty formality and have been raised to the level of a fundamental right by the court.]]></description>
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            <title><![CDATA[Foreign investors can get equity in lieu of dividend]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12665</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Dec 2011 06:35:09 +0530</pubDate>
			<description><![CDATA[Business Standard- Change in keeping with global practice of treating reinvested earnings as FDI. In a significant liberalisation of the foreign direct investment policy, the government has permitted the issuance of additional equity shares to a foreign investor that already has shareholding in a company in lieu of its dividend income. The approval will, however, be subject to the regular conditions on valuation and pricing norms laid down by the Reserve Bank of India.]]></description>
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            <title><![CDATA[Realty industry needs regulator to promote ethical business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12664</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Dec 2011 06:33:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Confederation of Real Estate Developers Associations of India (Credai) has once again brought to the centre-stage the issue of transparency by pushing it as a panacea for the negative perception about developers among policy-makers and the public. It is another matter the government has not caught this self-regulation bait and has made up its mind to bring a regulator. A section of developers is opposing the regulatory bill on the ground that the sector is already over-regulated. No one denies the need for simplifying policies and procedures. But we cannot overlook the need for bringing in a regulatory mechanism to promote ethical and transparent business practices to protect the interests of both consumers and investors.]]></description>
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            <title><![CDATA[Unitech scion Sanjay Chandra admits 2G scam taint has scarred company image]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12663</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Dec 2011 06:32:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- The view from the ninth floor office in Delhi&#039;s Le Meridien hotel is panoramic, but the blanket of smog over the city makes Parliament House and the domes of North and South Blocks on Raisina Hill seem more like silhouettes. An apt metaphor for a country that less than a year ago was rarely spoken about without prefixes such as emerging and shining, but is increasingly being defined by political and policy paralysis. This office belongs to Sanjay Chandra, managing director of India&#039;s second-biggest real estate company Unitech, and it is also from where he four years ago embarked on a dream to replicate his realty success in the telecom sector.]]></description>
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            <title><![CDATA[Unitech cuts debt by 40%, to reduce it more]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12662</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Dec 2011 06:29:42 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Unitech on Sunday said it has lowered debt by 40 per cent in last two and half years and would further reduce the borrowing in coming quarters from operational cashflows. “We have reduced our gross debt significantly from over Rs 9,000 crore in March, 2009 to about Rs 5,500 crore now. The trend will continue in the next two-three quarters after that we may not need to reduce further,” Unitech Managing Director Sanjay Chandra told.]]></description>
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            <title><![CDATA[NRIs on a property buying spree]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12661</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Dec 2011 06:28:21 +0530</pubDate>
			<description><![CDATA[Business Standard- To cash in on the rupee depreciation, non-resident Indians (NRIs) are making a beeline to buy property in India. Most developers Business Standard spoke to claimed a 25 to 30 per cent spurt in sales to NRIs over the last two months. Since August, the Indian currency has fallen by around 20 per cent against the US dollar. According to real estate companies, brokers, analysts and consultants, this has triggered a substantial rise in the volume of property-related enquiries from NRIs. The actual deal numbers have also gone up considerably. Many NRI buyers are even buying multiple units for investment purposes.]]></description>
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            <title><![CDATA[BoI scraps pre-payment fee on fixed &amp; floating home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12660</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Dec 2011 06:27:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- Public sector lender Bank of India today abolished pre-payment charges on both fixed and floating rate home loans with immediate effective. Before this, Bank of India, which has a home loan book of worth Rs 15,000 crore, used to charge 2.5 per cent penalty on the outstanding amount in case of pre-payment. The country&#039;s largest lender, State Bank of India (SBI), and the largest private sector bank ICICI Bank, had on November 25 abolished pre-payment penalty on home loans.]]></description>
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            <title><![CDATA[Luxury, the new housing paradigm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12659</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Dec 2011 06:26:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- The economic boom and the resulting increase in disposable income has led Indians to acquire tastes in luxury. What began with top-of-the-end cars, jewellery, timepieces and fragrances has now come to include property too. The demand push is coming from high net worth individuals (HNIs) who number around 85,000 and their ranks are increasing exponentially. This segment of buyers seek exclusivity that goes beyond luxury to suit their tastes.]]></description>
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            <title><![CDATA[If you don&#039;t read the fine print...]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12658</link>
			<source>The Hindu</source>
			<pubDate>Sat, 17 Dec 2011 07:03:42 +0530</pubDate>
			<description><![CDATA[The Hindu- Large-scale lending in the property segment in a short span of time has brought about many irritants between the borrowing public and bankers in general. While the lending scheme formulated by banks for financing real estate may be in line with the various schemes for lending, subjects like the loan application itself may need a fresh look if the reforms kicked off in the U.S. is any indication.]]></description>
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            <title><![CDATA[Assured returns: go for it if product is good]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12657</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Dec 2011 07:02:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Developers are increasingly luring homebuyers with what they call &#039;assured returns&#039;. The reasons are simple. With the Reserve Bank placing severe restrictions on lending to developers, the latter are tapping into homebuyers&#039; credit lines to boost their liquidity position. In some cases, the schemes are an effort to draw buyers in a market that&#039;s slowing down. And it works out cheaper for developers.]]></description>
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            <title><![CDATA[CREDAI seeks 100 basis point cut in policy rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12656</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Dec 2011 07:01:19 +0530</pubDate>
			<description><![CDATA[Business Standard- The Confederation of Real Estate Developer&#039;s Associations of India (CREDAI) today demanded that the Reserve Bank of India (RBI) should cut the key policy rates by at least 100 basis points to improve liquidity position in the system and boost business sentiments.]]></description>
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            <title><![CDATA[PLANNING HAS TO BE PRACTICAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12655</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Dec 2011 07:00:29 +0530</pubDate>
			<description><![CDATA[The Times of India- Hotels without basements, hospitals without parking. Is this the fate of city planning in NCR and in other regions, asks Debasish Roy. The panelists at the Economic Times Realty Convention 2011 rued the fact that impractical building bye laws, which were crafted 40 years ago, do not allow matching practical ground realities today in the real world.]]></description>
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            <title><![CDATA[Realty stakeholders clamour for a masterplan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12654</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Dec 2011 06:59:12 +0530</pubDate>
			<description><![CDATA[The Times of India- To sustain the surge of excitement that was extant in acquiring an apartment with affordable interest rates, stakeholders come together on a common platform to brainstorm. The real estate sector is out in the open, clamouring for a transparent masterplan, which would allow them elbow room, to pass on benefits to the customer.]]></description>
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            <title><![CDATA[Kamal Nath pushes for DDA rejig, wants state to manage land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12653</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Dec 2011 06:57:14 +0530</pubDate>
			<description><![CDATA[The Times of India- Chief minister Sheila Dikshit’s long-standing demand for giving the state a primary stake in land management, which is currently the domain of Delhi Development Authority, has found favour with Union urban development minister Kamal Nath. All for restructuring the DDA, the minister is keen to carve an important role for the government in functioning of the landowning agency.]]></description>
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            <title><![CDATA[TIMING THE REALTY MARKET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12652</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Dec 2011 06:56:06 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as investors make profitable exits from properties, the buying decisions can wait for some time, feel experts, writes PRABHAKAR SINHA. Rising global economic uncertainties have left real estate investors a worried lot. Most of them are leaving no stone unturned to find reliable answers to questions like ``is it the good time to sell? ``Should the decision to invest in property be postponed?&#039;&#039;]]></description>
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            <title><![CDATA[DLF to invest R2,700 crore in Punjab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12651</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Dec 2011 06:54:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF Limited, country’s largest real estate company would invest Rs 2700 crore in Punjab to execute real estate projects at New Chandigarh, Jalandhar and Amritsar .]]></description>
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            <title><![CDATA[Mall of Gloom: Realtors Turn Biz Complexes into Housing Projects-Builders are either shelving or converting their ambitious mall projects in many cities due to lack of demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12650</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Dec 2011 06:53:38 +0530</pubDate>
			<description><![CDATA[The Economic Times- A huge oversupply in retail real estate sector is forcing Indian developers to turn their mall projects into homes. 
About 96 million sq ft of retail space is expected to be added by 2013 in the top 10 cities in India, while demand will be only for 34 million sq ft, said Crisil Research. This will create a significant demand supply mismatch, arresting the rise in rentals.]]></description>
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            <title><![CDATA[Indians pay $700M as bribe for land: study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12649</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Dec 2011 06:52:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- A whopping $700 million (about Rs 3,700 crore) is paid annually as bribe in India for land administration services, a joint study by United Nation&#039;s body FAO and Transparency International has observed. According to the working paper &#039;Corruption in the Land Sector&#039;, jointly prepared by Food and Agriculture Organisation (FAO) and global anti-graft body Transparency International (TI), weak governance has increased instances of corruption in land-related issues.]]></description>
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            <title><![CDATA[Don&#039;t let rising rate worry you -Et Realty has some tips to help you deal with interest rate hikes which keep happening often]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12648</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Dec 2011 06:44:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank of India (RBI) has raised the key policy rates eight times in the last 12 months. Analysts predict another rate hike of around 50-75 basis points in a continued effort to rein in the inflation rate. Apart from taming down spiralling food and fuel costs, and containing the overall price increase, these measures also intend to aid banks in liquidity management. Also, the central bank takes adequate precautions so as to prevent the economic recovery and growth across sectors from derailing.]]></description>
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            <title><![CDATA[Growing population demands greater access]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12647</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Dec 2011 06:43:07 +0530</pubDate>
			<description><![CDATA[The Times of India- The real estate sector has always been in dire straits in terms of availability of land. However, there are companies who believe otherwise and practice that view too. For this limited availability of land and the huge gap between demand and supply for individual plots or sites have aided the demand and growth of condominiums, apartment complexes and gated communities. The ever increasing population in the metros has also triggered the demand for both owned and rented accommodations. Besides, higher disposable income, improving lifestyle, increasing aspiration levels and expanded knowledge on global trends have made the present new-generation property buyers more conscious about the properties they want to invest in.]]></description>
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            <title><![CDATA[Realty stakeholders clamour for a masterplan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12646</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Dec 2011 06:41:39 +0530</pubDate>
			<description><![CDATA[The Times of India- To sustain the surge of excitement that was extant in acquiring an apartment with affordable interest rates,stakeholders come together on a common platform to brainstorm.The real estate sector is out in the open,clamouring for a transparent masterplan,which would allow them elbow room,to pass on benefits to the customer. Real estate becomes a point of debate in places where the sustainability of a particular society is brought into focus.This leads to many questions about the future model as to how real estate is to be managed in our society.The question of the regulator and how difficult it will be for real estate players to operate in that society in presence of that regulator in our business environment keeps getting into this debate.]]></description>
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            <title><![CDATA[‘Andhra Pradesh, Tamil Nadu most transparent with real estate dealings’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12645</link>
			<source>Moneylife</source>
			<pubDate>Fri, 16 Dec 2011 06:40:44 +0530</pubDate>
			<description><![CDATA[Moneylife- The Confederation of Real Estate Association of India (CREDAI) and Jones Lang LaSalle’s Indian Real Estate Transparency Index (IRETI) has identified Andhra Pradesh (AP) as the top spot holder, while Jharkhand is regarded as the least transparent in matters of real estate. AP is closely followed by Tamil Nadu and Maharashtra, while Jharkhand has been preceded by Uttar Pradesh and Bihar in the list. The ranks have been allotted to 19 states and Delhi NCR region based on five factors: availability of market information; reforms in urban local bodies; progressive business environment; protection of property rights; and inclusive and sustainable development. There are many factors that make AP the best player in the lot, says IRETI.]]></description>
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            <title><![CDATA[India’s billionaires frustrated, want to shift base overseas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12644</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Dec 2011 06:39:47 +0530</pubDate>
			<description><![CDATA[The Times of India- The government may have saved its political skin by putting FDI in retail on hold, but it has added to the sense of gloom that&#039;s engulfing India Inc. For the past several weeks, there&#039;s been a depressing drumbeat of stories of Indian businessmen choosing the relatively lowgrowth, high-stability option of investing abroad over the uncertainty of launching new ventures at home. Says the India head of a fabled global investment bank, &quot;For me, there&#039;s no slowdown. My plate&#039;s full with mandates from Indian companies looking at acquisitions abroad.&quot;]]></description>
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            <title><![CDATA[Realty rates burning pockets, pushing living costs skywards]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12643</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Dec 2011 06:38:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Any Mumbaikar who has ever bought or rented an apartment, or filled petrol in a car, or even bought groceries at a local store knows this sobering fact: we live in an expensive city. Respondents to The Times Of India-IMRB Quality Of Life Survey in eight mega-cities felt the same way as they rated cost of living in Mumbai as the highest among the eight urban agglomerates. In the survey, Mumbai scored an abysmal 2 on the cost of living scale, way below cities such as Hyderabad and Ahmedabad that achieved an equal rating of 2.8 and Pune that got a grade of 2.7. Even Bangalore (2.3) and Delhi (2.2) fared better than the financial capital.]]></description>
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            <title><![CDATA[Real estate sector: Forecast for 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12642</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Dec 2011 06:37:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- As the economy shows signs of decreasing GDP growth rate, the Indian real estate industry faces its own share of concerns. Real estate developers are reeling under high debt and FDI inflows have also slowed down. The recent increase in home loan interest rates is expected to dampen the sales even further. Amidst these macroeconomic conditions, Indian real estate asset classes across the prime cities of India have seen mixed sentiments. Residential sales remained slow in most of these cities in 2011. Residential project launches also showed a marked slowdown by 3Q11.The demand for office and retail space leasing remained healthy in most of the cities. What does the future hold for the real estate sector in 2012?]]></description>
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            <title><![CDATA[Investments in Punjab may slowdown due to state elections: DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12641</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Dec 2011 06:37:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investment in real estate sector in Punjab may slow down due to Assembly elections in the early part of next year, a senior official of DLF India said here. &quot;Overall (real estate) industry does take a little bit of slowdown (during elections)... till there is a stability in political situation (at state level),&quot; DLF India, Executive Director (North), Rahul Mehta told PTI here today.]]></description>
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            <title><![CDATA[Kamal Nath releases MagicBricks India Housing Report 2011 at AsiaConstruct 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12640</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Dec 2011 06:36:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Urban Development Minister, Kamal Nath on Thursday released the MagicBricks India Housing Report 2011 and launched the MagicBricks.com PropIndex Jul-Sep 2011 at the AsiaConstruct 2011 being held in the Capital. The MagicBricks.com India Housing Report is a snapshot of residential real estate across 12 Indian cities and contains key macro factors and trends in the housing industry. These findings include city-wise supply analyses, locality, type of housing &amp; other details and are based on data, surveys and compiled consumer insights.]]></description>
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            <title><![CDATA[Maharashtra ranks third in real estate transparency]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12639</link>
			<source>Indian Express</source>
			<pubDate>Fri, 16 Dec 2011 06:35:41 +0530</pubDate>
			<description><![CDATA[Indian Express- The real estate market in the country’s financial capital may be overheated, but the state as a whole has been ranked third in terms of transparency in the realty sector. The Real Estate Transparency Survey 2011 ranks Maharashtra behind Andhra Pradesh and Tamil Nadu on various factors determining transparency. The state is followed by Gujarat, NCR-Delhi and Karnataka on the transparency index of 20 leading Indian states. The study has been done by the Confederation of Real Estate Developers Association of India (CREDAI) and property consultants Jones Lang LaSalle.]]></description>
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            <title><![CDATA[Manmohan sees FDI in retail after March -Says Growth Will Return To 9% With Reforms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12638</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Dec 2011 07:37:54 +0530</pubDate>
			<description><![CDATA[The Times of India- Prime Minister Manmohan Singh said India’s economy will return to a long-term growth pace of 9% as inflation slows and the government extends a record of market-opening policies. “We will stay the course,” Singh said in an interview in his office in Parliament House in New Delhi on Wednesday. “We will make India an eminently bankable and creditworthy economy.”]]></description>
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            <title><![CDATA[‘Master plan not in sync with city’s growth’ Constructions Violating Safety Norms Can Still Face Demolition, Other Action]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12637</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Dec 2011 07:37:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The National Capital Territory of Delhi Laws (Special Provisions) Second Bill, 2011 passed by Parliament on Wednesday restrains any punitive action for those who are not meeting the existing master plan, said Urban development minister Kamal Nath. He said for three years, no punitive action will be taken in terms of sealing or demolition.]]></description>
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            <title><![CDATA[Delhi Laws (Special Provisions) Bill, 2011 Passed -Sh Kamal Nath Directs DDA to consider Public Feedback before finalizing MPD-2021]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12636</link>
			<source>press information bureau</source>
			<pubDate>Thu, 15 Dec 2011 07:35:56 +0530</pubDate>
			<description><![CDATA[press information bureau- The Parliament today passed the “The National Capital Territory of Delhi Laws (Special Provisions) Second Bill, 2011” to make special provisions for the National Capital Territory of Delhi (NCTD) for a further period of three years from 1st January, 2012 to 31st December, 2014. This is in continuation of the National Capital Territory of Delhi Laws (Special Provisions) Act, 2011 which is valid up to 31 December 2011.]]></description>
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            <title><![CDATA[Delhi set to grow vertical, plan on way]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12635</link>
			<source>Indian Express</source>
			<pubDate>Thu, 15 Dec 2011 07:34:17 +0530</pubDate>
			<description><![CDATA[Indian Express- Delhi looks set to grow vertical with Union Minister for Urban Development Kamal Nath on Wednesday announcing that he had proposed constituting an expert committee to examine the possibility of enhancing the floor area ratio (FAR) in the city. “There is inefficient use of urban land in India. This is because very low FAR is permitted in India. There is a bias in India against vertical cities as compared to land-intensive horizontal cities. This needs to be examined. We should concentrate on vertical growth in Delhi in areas like Dwarka where 20-30 floors can be constructed. We need to also keep in mind that infrastructure needs such as sewage system, etc, are met in these areas. The area should have carrying capacity to support vertical growth,’’ Kamal Nath said.]]></description>
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            <title><![CDATA[Gurgaon to have a second Metro line: Kamal Nath]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12634</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Dec 2011 07:33:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Gurgaon will have a second Metro line in coming years as the Urban Development Ministry and the Haryana Government are set to sign an MoU for the creation of a metro line from Sikandarpur Metro station to a proposed station on the National Highway 8 in Delhi. &quot;We are signing an MoU with the Haryana Government to start another Metro line from Gurgaon to Dwarka side,&quot; Urban Development Minister Kamal Nath said today.]]></description>
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            <title><![CDATA[No sealing, demolitions for three years in Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12633</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Dec 2011 07:32:36 +0530</pubDate>
			<description><![CDATA[The Times of India- Illegal commercial set-ups will not face the threat of closure and unauthorized structures will not be demolished for three years pending revision of Delhi&#039;s Master Plan-2021. The three-year moratorium, according to urban development minister Kamal Nath, will be used to prepare &quot;a clear, realistic, user-friendly&#039;&#039; master plan that will look at the future, to ensure planned and comprehensive development of the Capital, instead of trying to correct mistakes of the past.]]></description>
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            <title><![CDATA[Fixed-rate Home Loan from HSBC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12632</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Dec 2011 07:31:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- After ICICI Bank, Axis Bank and HDFC, HSBC, too, has come up with a dual-rate housing loan product. It allows borrowers to choose an initial fixedrate period of between one and five years, and after that migrate to a market-linked, floating rate system. The scheme offers two options – one where the customer is not allowed to make any pre-payments during the fixed-rate period and the other where he/she can do so, as per certain terms.]]></description>
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            <title><![CDATA[Cong MPs Play Left, Hinder Land Acquisition Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12631</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Dec 2011 07:30:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- Congress MPs in the standing committee on rural development appear to be hindering the government’s efforts to get the land acquisition bill passed before assembly polls in Uttar Pradesh. According to a senior minister, the report of the panel is being held up as Congress members have joined Left and Samajwadi Party counterparts to question various provisions of the bill.]]></description>
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            <title><![CDATA[Marg launches Four Seasons at Swarnabhoomi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12630</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Dec 2011 06:40:36 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Marg, an infrastructure and property development company, has announced yet another residential project, Four Seasons, in its upcoming Marg Swarnabhoomi, an integrated township, on the scenic East Coast Road (ECR) where residents and industry will co-exist.]]></description>
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            <title><![CDATA[Supernova unveiled]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12629</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Dec 2011 06:39:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Covering an area of around 70,000 sq m, the Rs 2,000-crore project will have luxury residences, service apartments, hotels, shopping malls, office spaces and recreational centres. Supertech, a Delhi-based real estate developer is coming up with what the company claims as North India’s biggest mixed-use development project in Sector 94, No&shy;ida. Christened as Supernova and covering an area of around 70,000 sq m, the Rs 2,000 crore project will have luxury residences, service apartm&shy;ents, hotels, shopping malls, office spaces and recreational centres.]]></description>
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            <title><![CDATA[Infinity’s phase three]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12628</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Dec 2011 06:38:15 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The residential apartments are well connected to Koramangala by an elevated expressway. Electronic city in south Bangalore symbolises why Bangalore is the silicon valley of India. As several thousand IT employees go to their work place located in Electronic city, travelling through the gruelling traffic, Ajmera Realty and Infra India has come up with a solution called Ajmera Infinity comprising 1,200 apartments, spreading over 18 acres.]]></description>
			</item><item>
            <title><![CDATA[Casting a net]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12627</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Dec 2011 06:37:17 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Increasingly, developers in different parts of the country have started using various social networking sites to promote their projects. But this potential platform is still underutilised. Just six months ago, no one would have thought that DLF or Parasvanath Prestige would take Facebook pages seriously, to hard sell their projects. Yet, there they are. When DLF launched its Capital Green Phase III in New Delhi, it created a Facebook page as well. In a recent survey from Regus, world’s largest provider of flexible workspaces, it was revealed that the last few years have seen a significant rise in the number of companies resorting to social networks to discover new business opportunities. It notes that marketers are successfully leveraging social networking channels to engage with both existing and prospective customers.]]></description>
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            <title><![CDATA[Rising online shopping, and not FDI, is the real threat to parents]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12626</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 15 Dec 2011 06:36:08 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Two very Indian conditions will play a large part in strengthening the case for FDI — the real estate scenario and e-commerce trends in the country. One of our fears is that big box players like WalMart, Tesco, Carrefour will set up stores that will kill neighbourhood retailers. Before we oppose this format, we need to understand what big box means for these brands. Big box stores are stand-alone stores of at least 2,00,000 square feet. They are usually located on the outskirts of cities and have lots of parking space. In developed countries, an average household owns a car and on the weekend, drives to one of these stores to stock up.]]></description>
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            <title><![CDATA[DLF set to ink Rs 900-cr Pune SEZ deal with Blackstone]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12625</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 15 Dec 2011 06:35:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF is close to signing a deal with private equity major Blackstone, as the country’s largest real estate developer by market capitalisation is planning to offload its entire stake in the special economic zone (SEZ) in Pune.]]></description>
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            <title><![CDATA[DDA awaits govt nod on Games flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12624</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Dec 2011 06:40:27 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi Development Authority is still waiting for government to approve the regularization of unauthorised construction in Commonwealth Games Village so that the flats can be auctioned off or allotted to buyers. DDA had sent a proposal to the ministry of urban development seeking permission to regularize the construction done on the excess area after the private developer, Emaar MGF, pays market price for it.]]></description>
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            <title><![CDATA[Mangar on edge: Authorities want the realtors out]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12623</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Dec 2011 06:39:53 +0530</pubDate>
			<description><![CDATA[The Times of India- After a series of reports by TOI on the need to protect the ecofragile Mangar area and adjoining forests in the Aravalis in Faridabad, the district administration has sent a detailed report to the state headquarters seeking the conservation of these areas. Deputy commissioner Rakesh Gupta told TOI that the report highlights the need to conserve areas in Manger and 7-8 other villages. “We have found that these areas are major water recharge zones and have ample green cover. We hope these issues will be considered by the apex committee constituted by the government,” Gupta added.]]></description>
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            <title><![CDATA[Urban planning is serious business: Panelists unanimous]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12622</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Dec 2011 06:38:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector has always been in dire straits in terms of availability of land. However, there are companies who believe otherwise and practice that view too. For this limited availability of land and the huge gap between demand and supply for individual plots or sites have aided the demand and growth of condominiums, apartment complexes and gated communities. The ever increasing population in the metros has also triggered the demand for both owned and rented accommodations. Besides, higher disposable income, improving lifestyle, increasing aspiration levels and expanded knowledge on global trends have made the present new-generation property buyers more conscious about the properties they want to invest in.]]></description>
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            <title><![CDATA[A section 25 company with equity to state govts is the future of planning]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12621</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Dec 2011 06:38:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- All heads of real estate companies present at The Economic Times Realty Convention 2011 rued the fact that the NCR Planning Board was not acting like a corporate body. In fact, Srivastava pointed out, the board was meeting after 2008. Well, during the question and answer session, it was analyzed and concluded that this anomaly even at the implementation stage of real estate projects was undesirable.]]></description>
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            <title><![CDATA[Call for doing our bit for real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12620</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Dec 2011 06:36:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- Kumari Selja, Minister of Housing and Urban Poverty Alleviation and Minister for Culture led the charge at The Economic Times Realty Convention 2011 held on November 23, 2011 in New Delhi. She extolled the media and the people of India to do their bit for real estate as this industry is and was for time immemorial one of the building blocks of the country&#039;s economy. At the same time, a more healthy real estate sector spelt a better chance for the lowest income group to get a firm foothold into a state of affairs where they can assure housing for themselves.]]></description>
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            <title><![CDATA[PM mulls Rs.1,000 cr corpus for housing poor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12619</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Dec 2011 06:35:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government is considering creating a corpus fund of Rs.1,000 crore (USD 18.7 million) in the current fiscal that would encourage banks to give housing loans in &quot;significant volumes&quot; to the urban poor, Prime Minister Manmohan Singh said Tuesday. Addressing a conference on the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) here, Manmohan Singh said the corpus of Rs.1,000 would be set aside to create a credit risk guarantee fund that could be used to cover any bank losses.]]></description>
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            <title><![CDATA[National Conference on Jawaharlal Nehru National Urban Renewal Mission]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12618</link>
			<source>press information bureau</source>
			<pubDate>Wed, 14 Dec 2011 06:34:26 +0530</pubDate>
			<description><![CDATA[press information bureau- The 6th anniversary of the launch of Jawaharlal Nehru National Urban Renewal Mission was organized here today. The Prime Minister, Dr. Manmohan Singh, inaugurated the National Conference. Shri Kamal Nath, Urban Development Minister and Kumari Selja, Minister for Housing &amp; Urban Poverty Alleviation were also present on the occasion. On the occasion, the Prime Minister announced the JnNURM Phase II. He said the next Phase should stress on the needs of raising internal revenues of local bodies, having a municipal cadre, building their capacities and making them professional, to ensure standards set by service level benchmarks, adequate arrangements to cope with increasing population and economic services.]]></description>
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            <title><![CDATA[Money laundering law set to cover realty agents, jewelers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12617</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Dec 2011 06:32:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate agents, gems and precious metals traders will soon come under the ambit of country&#039;s anti-money laundering law. The Union Cabinet on Tuesday approved changes to the Prevention of Money Laundering Act that seeks to make them reporting entities under the law to bring it on par with international standards.]]></description>
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            <title><![CDATA[Kotak Realty Fund raises R523 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12616</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Dec 2011 06:31:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- Kotak Realty Fund, owned by India&#039;s fifth largest private sector lender by revenue, raised R523 crore to lend to real estate developers with an assured return. “It is a high inflationary environment and we are sure to get equity-like returns on debt-like risks,” says Vikas Chimakurthy, director at Kotak Realty Fund, which manages R3,500 crore. Real estate developers are under stress as lenders have turn stringent.]]></description>
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            <title><![CDATA[HC to decide on NGT&#039;s jurisdiction in Lavasa case]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12615</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Dec 2011 06:30:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Bombay High Court will decide on January 31 whether the National Green Tribunal (NGT) has the jurisdiction to decide on the petitions filed by and against the Lavasa Corporation Limited. While the Union Ministry of Environment and Forest said that the tribunal can decide the issue, Lavasa was of the opinion that it was too late to place the matter before the NGT.]]></description>
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            <title><![CDATA[SC Removes Additional Burden for Flat Owners Under Govt Housing Schemes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12614</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Dec 2011 06:22:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Supreme Court has ruled that authorities cannot demand additional prices from allottees of flats under the government’s housing schemes after the expiry of the specified time provided in an agreement. The court rejected the plea of the Haryana government, which had said that the authorities can demand additional cost even after the expiry of the time limit of 7 years provided in the hire purchase tenency agreement between the allottees and the state housing board.]]></description>
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            <title><![CDATA[Housing our worst worry, say Mumbaikars]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12613</link>
			<source>The Times of India</source>
			<pubDate>Tue, 13 Dec 2011 06:21:05 +0530</pubDate>
			<description><![CDATA[The Times of India- It turned out to be a not-so-greater Mumbai when respondents to the The Times Of India-IMRB Quality Of Life Survey compared the Social Infrastructure on offer in the financial capital to that available in seven other mega-cities. In fact, Mumbai came a poor 6th, with even Pune ranked a notch ahead. But, for a sprawling metro weighed down by a space crunch and an indifferent government, Mumbai&#039;s Social Infrastructure still got a favourable mark of 3 on a scale of 1 to 5. This category carried the most weightage-23%-when the overall rankings for how urban Indians perceive their mega-cities were decided.]]></description>
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            <title><![CDATA[Green Tree Homes to invest Rs 500 cr in second project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12612</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Dec 2011 06:20:21 +0530</pubDate>
			<description><![CDATA[Business Standard- Chennai-based Green Tree Homes and Ventures Pvt Ltd is planning to invest around Rs 500 crore over the next three years in developing residential properties. The company would develop a total of around two million sft in the next three years, said company director Pon Ravichandran. “We are planning to raise funds from private equity (PE) players, high networth individuals (HNIs) and banks to support us to reach the target. Talks with some PE firms are in an advanced stage and we expect some development in the next three to four months,” he said.]]></description>
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            <title><![CDATA[Global financial managers shedding staff in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12611</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Dec 2011 06:19:35 +0530</pubDate>
			<description><![CDATA[Business Standard- Slowing growth in home markets, rising cost pressures and a worsening macro-economic environment have prompted global financial services firms such as Nomura, Credit Suisse and Morgan Stanley to dismiss scores of employees in their India units. Industry sources said around 200 people in India had lost their jobs in these three companies in the past couple of months.]]></description>
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            <title><![CDATA[Structured realty debt a big hit with HNIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12610</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Dec 2011 06:18:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investment products structured around high-yielding real-estate debt are becoming increasingly popular among rich investors. Conventional money managers, however, view this as a disturbing trend as they expect real estate companies to face low demand, default on payments and fire-sell prime assets to raise funds over the next few months. Financial services institutions such as Barclays, JM Financial and IIFL Wealth, among other smaller players, are offering equity-linked real estate notes to rich clients who insist on capital protection, but would also like to pocket higher yields in real-estate debt and participation in equities.]]></description>
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            <title><![CDATA[Flats on offer, but investors send the costs soaring]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12609</link>
			<source>The Times of India</source>
			<pubDate>Tue, 13 Dec 2011 06:17:33 +0530</pubDate>
			<description><![CDATA[The Times of India- Figures collated by the Real Estate Intelligence Service (REIS) of global property consultant Jones Lang LaSalle show that thousands of new flats have entered the market each year. From 2008 to 2011, Mumbai had 18 to 29% of the new units in seven metros (see &#039;City&#039;s Share...&#039;). While 16,128 new units were built in Mumbai in 2008, the figure rose to 36,909 in 2009 and 51,931 in 2010.]]></description>
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            <title><![CDATA[Indian Property Show in Dubai expects $ 51 mn business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12608</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Dec 2011 06:16:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Around 70 developers are expected to showcase as many as 300 projects worth $ 5 billion at this week&#039;s Indian Property Show in Dubai, where business worth $ 51 million is expected, organisers of the show said. Organised by Sumansa Exhibitions, the Indian Property Show -- which is in its fifth year -- is being held from December 15 to 17 and will display a plethora of real estate projects, ranging from budget to luxury properties, and other offers from developers.]]></description>
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            <title><![CDATA[Is it Worth Buying an old House?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12607</link>
			<source>The Times of India</source>
			<pubDate>Mon, 12 Dec 2011 06:37:07 +0530</pubDate>
			<description><![CDATA[The Times of India- While there is the promise of a good location and a better deal in the case of a resale property, one has to put in a lot of time and effort on research and due diligence. Unlike a new project, you do not buy from a company, but an individual. There are many imponderables and the legal implications of making a mistake are more severe and complicated.]]></description>
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            <title><![CDATA[DLF to Sell Hotel Unit to Square Four Housing for 550 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12606</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Dec 2011 06:35:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF Ltd, the country’s largest real estate company, is set to sell its hotel subsidiary to Kolkata-based Square Four Housing &amp; Infrastructure Private Ltd for . 550 crore, its third divestment in the last three month as it disposes non-core assets to pare its . 22,500 crore debt.]]></description>
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            <title><![CDATA[Mixed fortunes for Kolkata realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12605</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 12 Dec 2011 06:34:36 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Though investor confidence is pretty low, there is some demand from general users and prices are expected to remain stable for most parts of the year. Difficult times don&#039;t last long. And that is one hope that the real estate market in Kolkata would look forward to in 2012. With apprehensions of a slowdown and a low demand looming large, the Kolkata real estate market — that had been witness to some exceptional deals and a buoyant residential market in 2011— may be heading along a bumpy road this calendar year.]]></description>
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            <title><![CDATA[Get a masterpiece masterplan in place to buy your apartment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12604</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Dec 2011 06:33:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real Estate has been written to death and also becomes a point of debate in places where the sustainability of a particular society is brought into focus. This leads to many questions about the future model as to how real estate is to be managed in our society. The question of the regulator and how difficult it will be for real estate players to operate in that society in presence of that regulator in our business environment keeps getting into this debate.]]></description>
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            <title><![CDATA[Haryana SEZ development shows sluggish progress]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12603</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Dec 2011 06:32:40 +0530</pubDate>
			<description><![CDATA[Business Standard- When ‘Airmid Developers’ sought a no-objection certificate from Haryana Industries department few months back, as a part of completion of the de-notification process for their planned special economic zone (SEZ) in Haryana, it reflected the sad state of how SEZs are shaping up in the state. Airmid Developers is a wholly-owned subsidiary of ‘India Bulls Real Estate Limited (IBREL). From more than 100 SEZ developers that had shown interest in setting up SEZ in Haryana, 46 SEZ developers were approved by the Government of India and 17 ‘in principle’ approval was granted for SEZs. However, till date, 14 ‘in principal’ approval have lapsed while two SEZs in Haryana have sought de-notification.]]></description>
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            <title><![CDATA[When revenue meter should start ticking for realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12602</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 12 Dec 2011 06:31:56 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real-estate companies have so far been accounting their revenue based on the ‘percentage completion method&#039; — where revenue is recognised in proportion to the costs incurred and not when the project is completed. But the proportion in which revenue was recognised varied across companies. DLF, for instance, starts booking revenues on a project when it incurs at least 30 per cent of the estimated project cost. For Unitech, this proportion stands at 20 per cent.]]></description>
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            <title><![CDATA[Builders seek viable govt policy for redevelopment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12601</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Dec 2011 06:30:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The Builders Association of India (BAI) has urged Maharashtra Chief Minister Prithviraj Chavan to intervene and provide necessary directions to authorities to audit current redevelopment policy to clear deadlock in Mhada properties that needs to be re-done. In a letter to Chavan, BAI has observed that redevelopment projects in all Mhada layouts have come to a grinding halt and no proposal under the new policy has come up since September 2010, as proposals under the changed policy are not at commercially viable and have resulted in huge revenue losses to the state housing authority, BAI said. &quot;Considering these facts, there is an urgent need to change the 2:1 ratio and adopt a premium basis policy as per the provisions of the DC Regulation 33(5)2 -c-(ii) for redevelopment of Mhada colonies and generate finance for creating more affordable housing stock as required,&quot; BAI said in a letter to Chavan.]]></description>
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            <title><![CDATA[Luxury hotel chains to check into India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12600</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Dec 2011 06:29:46 +0530</pubDate>
			<description><![CDATA[Business Standard- Starwood, Jumeirah, Mandarin Oriental, Lebua and MGM are among top-end brands planning to tap this market in next couple of years. Many of the best luxury and ultra-luxury hotels from all over the world are readying plans to enter the India market, and are expected to set up chains over the next couple of years. To be specific, around 20 luxury hotel brands are expected to be under development in the next three years in India, experts pointed out.]]></description>
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            <title><![CDATA[As equity tanks, HNIs move money to realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12599</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Dec 2011 06:28:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- With equities losing sheen , high networth individuals (HNIs) are asking their wealth managers to take a larger exposure to income yielding commercial assets and even realty funds in somecases. The hope is that this will make their portfolio less volatile . &quot;Stock markets have become very unpredictable . Though real estate values have certainly slumped in some cities , no real estate market drops by 10% in one day , week or even a month , as happens with stocks,&quot; said Ramesh Nair , MD West at real estate consultancy Jones Lang Lasalle India .]]></description>
			</item><item>
            <title><![CDATA[Global financial assets, including India&#039;s, to be worth $317 trillion by 2020: McKinsey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12598</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Dec 2011 06:28:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- The value of financial assets worldwide is expected to touch $ 371 trillion by 2020, with emerging economies including India, accounting for about one third of the total amount, says global consultancy McKinsey. The projected worth of financial assets in 2020 would be nearly double the value of around $ 198 trillion witnessed last year.]]></description>
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            <title><![CDATA[Home sales drop across cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12597</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Dec 2011 06:26:56 +0530</pubDate>
			<description><![CDATA[Business Standard- Sale of residential properties has dropped by 18-28 per cent in major metros, hit by dampened demand as a combination of higher property prices, rising home loan rates, and job cuts take a toll. Data released by real estate research firm Liases Foras for Delhi, Mumbai and Bangalore indicates this trend. Bangalore, for instance, considered one of India’s fastest growing and most crowded metros, shows a 21 per cent drop in residential area sold in April-September, compared to last year.]]></description>
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            <title><![CDATA[How investing in real estate downturn can reap benefits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12596</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Dec 2011 06:25:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the turmoil in the global economy, real estate sector is bound to be affected in the short to medium term. But this will offer good opportunities to those who are flush with cash to invest in the sector, for taking advantage of the sharp upward movement that may follow as soon as the uncertainties in the economy are over, feel experts. Executive director of global realty consultancy firm, Cushman &amp; Wakefield, Kaustuv Roy said that 2012 will have to be year for the real estate sector due to some factors which will have a far reaching impact.]]></description>
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            <title><![CDATA[Hubtown plans global foray]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12595</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Dec 2011 06:24:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- After changing its name Ackruti City to Hubtown, the real estate company plans to spread its wings in overseas market. The company, which is present in both residential as well as commercial spaces, has its projects in Gujarat, Pune, Mumbai and Bangalore.]]></description>
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            <title><![CDATA[Property deals peak ahead of guideline value revision]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12594</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Dec 2011 08:00:40 +0530</pubDate>
			<description><![CDATA[The Times of India- With the new market-based guideline values for property registration set to come into effect from January, builders and buyers in the state are rushing to seal deals before the charges go up. The number of property deals has seen a sharp rise ever since the plan to revise guideline values was announced. In November alone, the state government earned Rs 715 crore from stamp duty and registration charges.]]></description>
			</item><item>
            <title><![CDATA[Ultimate Realty Show]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12593</link>
			<source>Indian Express</source>
			<pubDate>Sat, 10 Dec 2011 07:59:59 +0530</pubDate>
			<description><![CDATA[Indian Express- The harsh reality of the realty business is that you can’t make an omelette without breaking an egg. But K.P. Singh, who rebuilt his father-in-law’s defunct business group Delhi Land and Finance (DLF) into the biggest real-estate empire in India, maintains he circumvented no laws. He succeeded in changing existing land laws which prohibited private players from land development. It is largely thanks to Singh’s vision that a dusty, sleepy, small Haryana town, Gurgaon, emerged as a sprawling, bustling, high-rise suburb of Delhi.]]></description>
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            <title><![CDATA[Real estate is a long term investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12592</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Dec 2011 07:58:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate is not a &#039;get-rich-quick&#039; investment route. It pays off only when one invests in a property for at least 3-4 years. Even with a long-term investment horizon, one needs to have a clear exit strategy in mind before buying real estate as an investment. During the peak of India&#039;s real estate markets in early 2008, a number of investors would &#039;flip&#039; their properties (buy a property, hang on for few months for the prices to go up and then sell it for an instant profit).]]></description>
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            <title><![CDATA[Purchase of Property by NRI for Self Use]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12591</link>
			<source></source>
			<pubDate>Sat, 10 Dec 2011 07:56:59 +0530</pubDate>
			<description><![CDATA[- The Non-Resident Indian can make investment in a residential property for his own use.  This property can be in the form of ownership flat or it could be in the form of buying a piece of land and constructing a house thereon.  In both the situations it is of advantage for a Non-Resident Indian to make investment in a residential self occupied property by taking a loan.]]></description>
			</item><item>
            <title><![CDATA[How can NRIs benefit from investing in Indian real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12590</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 10 Dec 2011 07:55:25 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The fact remains that the real estate prices in the world are sinking. But the real estate investment in India is ringing. This is the reality of the situation.  To encash of this reality the Non-Resident Indians (NRIs) should now think of making investment in India in the real estate sector. Believe me when I say that the investment by Non-Resident Indians if made today in the real estate sector, then surely it will bring higher appreciation in the years to come and that the investment made today will not bring any regret.]]></description>
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            <title><![CDATA[Indian Realty Mkt Remains a Good Bet for Foreign Cos]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12589</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Dec 2011 07:54:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- Business environment in the Indian real estate industry may not be very bright right now, but it still remains promising for global construction and structural consultancy firms such as Samsung C&amp;T Corp, Leighton Holdings, Arabian Construction Company and Arabtec Construction.]]></description>
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            <title><![CDATA[LIC Housing to launch new fixed loan product by Jan end]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12588</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Dec 2011 07:53:46 +0530</pubDate>
			<description><![CDATA[Business Standard- LIC Housing Finance Limited (LIC HFL), a subsidiary of Life Insurance Corporation, is planning to launch a new fixed loan product by the end of January. “The product is on the drawing board. It will be a full-term fixed-rate product, where the interest rate will be fixed at 10.4 per cent. The name of the product has not been decided,” VK Sharma, director and chief executive of LIC Housing Finance, said.]]></description>
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            <title><![CDATA[Fitch removes Unitech, Parsvnath from coverage]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12587</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Dec 2011 07:53:07 +0530</pubDate>
			<description><![CDATA[Business Standard- International agency Fitch Ratings has withdrawn ratings for various debt programmes for two listed real estate companies — Unitech and Parsvnath Developers Ltd — from its coverage. It has also removed them from analytical coverage. A Fitch&#039;s report says, &quot;The ratings have been withdrawn due to lack of adequate information. Fitch will no longer provide ratings or analytical coverage of Parsvnath and Unitech.&quot;]]></description>
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            <title><![CDATA[CUSHION IMPACT OF HIGH RATE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12586</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Dec 2011 07:52:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Home loan interest rates have been on an uptrend since the beginning of last year due to the successive monetary policy tightening steps taken by the Reserve Bank of India (RBI). The interest rates have gone up quite significantly on fixed deposits and loans as the RBI implemented hikes in key policy rates over 10 times since last year in small tranches.]]></description>
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            <title><![CDATA[THE PROMISE OF INDIA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12585</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Dec 2011 07:51:32 +0530</pubDate>
			<description><![CDATA[The Times of India- Buying a dream house in India is no longer an idle pipe-dream for Indians abroad. Be it in one&#039;s cozy little hometown, in the peaceful countryside or in a bustling business centre, investing in an apartment is now making business sense to a large number of Non-Resident Indians (NRIs). Indians settled abroad retain an emotional attachment for the country. Even after decades of living abroad, they never get over the feeling that &#039;Home&#039; is a place called India. An urge to return sooner or later is integral to the Non Resident Indian&#039;s mental makeup.]]></description>
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            <title><![CDATA[Leela is the costliest hotel in Mumbai now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12584</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Dec 2011 07:48:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- As corporates and institutions increasingly move from the choked southern areas to northward, primarily to the Andheri-Goregaon belt, hotels in the airport area have overtaken the wide pricing gap that existed till recently with their southern counterparts. Leading the pack is the luxury Leela Hotel, charging nothing less than Rs 20,000 for a room if one were to go for a current booking, leaving the iconic Taj in the southern tip of the city behind that charges Rs 18,000 on an average per room.]]></description>
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            <title><![CDATA[PROPERTY BUYERS SHIFT INTEREST TO SUBURBS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12583</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Dec 2011 07:45:33 +0530</pubDate>
			<description><![CDATA[The Times of India- With rising home loan interest rates, property buying has moved to suburbs and peripheral areas of Indian cities. Even as a whopping 81% of respondents to a recent survey conducted by MAGICBRICKS said they would defer the purchase, the good news is that buyers are actively seeking and 57% of the respondents want to buy in the next 6 months.]]></description>
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            <title><![CDATA[ENCASH THE REALTY DOWN TURN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12582</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Dec 2011 07:44:16 +0530</pubDate>
			<description><![CDATA[The Times of India- With the turmoil in the global economy, real estate sector is bound to be affected in the short to medium term. But this will offer good opportunities to those who are flush with cash to invest in the sector, for taking advantage of the sharp upward movement that may follow as soon as the uncertainties in the economy are over, feel experts.]]></description>
			</item><item>
            <title><![CDATA[Purchase of house a good investment?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12581</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Dec 2011 06:32:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- There is a school of thought that believes it is better to stay on rent than buy a house. The logic is that purely from an investment point of view, a house purchase is a loss-making proposition. Who is wiser - the guy who bought the house he liked, or the guy who decided to take up on rent, the house he loved! From an investment point of view, a house purchase is not the best thing to do, or so believes one set of people.]]></description>
			</item><item>
            <title><![CDATA[JOINING HANDS FOR A CAUSE -The strategic alliance between Paramount Group, India and Aluplast Group, Germany will bring together two groups committed to green homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12580</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Dec 2011 06:32:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- Paramount Group, a leading real estate developer of India has entered into a strategic alliance with Aluplast Group headquartered in Germany to leverage Aluplast&#039;s leadership in window systems, folding shutters and window accessories. It is the first time that Aluplast is collaborating directly with any Indian developer. The MOU was signed in presence of Manfred Seitz, Group Chairman,Aluplast Group,Germany and Mukesh Aggarwal, Managing Director of Paramount Group, by Ashwani Prakash, Executive Director Paramount Group and Arun Sharma, General Director of Aluplast India.]]></description>
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            <title><![CDATA[R&amp;R bill is not practical]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12579</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Dec 2011 06:31:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Confederation of Real Estate Developers&#039; Association of India (CREDAI) criticized various provision of the proposed Land Acquisition and Rehabilitation &amp; Resettlement (R&amp;R) Bill in a presentation before its standing committee of Parliament.The association said that the provision of R&amp;R for a private project above 50 acres would severely restrict the supply of land for organised housing. It said urbanisation is an uncontrolled force. &quot;If we do not facilitate it in an organised manner, all the incremental population will be housed in slums,&quot; the presentation said, sounding a caveat that housing prices would become even more unaffordable.]]></description>
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            <title><![CDATA[Let Out Your Property to Cos for Steady Income -Corporate leases may cap your gains a bit, but safety and timely rental payment would make up for the minor blip]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12578</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Dec 2011 06:30:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- Putting a house on rent is an emotional decision for many individuals. They get sick worrying about the kind of tenants they may get, and also how they would take care of the property and so on. Still, many decide to rent it out because locking up a house doesn&#039;t make any financial sense. Also, an unoccupied apartment shows more signs of decay. According to real estate experts, such people should take a shot at leasing their property to companies.]]></description>
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            <title><![CDATA[Prudential to exit real estate brokerage business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12577</link>
			<source>Reuters</source>
			<pubDate>Fri, 09 Dec 2011 06:29:13 +0530</pubDate>
			<description><![CDATA[Reuters- Canada&#039;s Brookfield Residential Property Services said it will acquire Prudential Financial Inc&#039;s real estate brokerage and relocation services business for about $110 million. The Brookfield Asset Management division said the acquisition will make it the world&#039;s second biggest relocation service and the third largest residential real estate brokerage in North America.]]></description>
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            <title><![CDATA[Ambuja Realty plans projects in the foothills of the Himalayas, in North Bengal and Dooars region]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12576</link>
			<source>Indian Express</source>
			<pubDate>Fri, 09 Dec 2011 06:28:19 +0530</pubDate>
			<description><![CDATA[Indian Express- Kolkata headquartered Ambuja Realty is one of the largest real estate players in east India. The hospitality division of the company comprises the following sub categories – F&amp;B (including restaurants), hotels, resorts and banqueting. Two decades ago the company developed Ffort Raichak, 50 kms south of Kolkata. The hotel was built on the theme of an old fort. Next to it Ganga Kutir came up in 2008 – the 16 rooms were built on the lines of Sri Lankan coastal resort.]]></description>
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            <title><![CDATA[Metals, realty worst performers of 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12575</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Dec 2011 06:27:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty and metal have been the worst-performing sectors in the Indian equity markets in 2011. The BSE Realty Index and the BSE Metals Index have lost 44% and 40%, respectively in 2011 so far. While sluggish sales and high interest rates have impacted profits of real estate firms, metal companies have seen decline in margins due to disruption in iron ore supplies and weak demand in Europe. Most realty stocks have lost more than 20% with HDIL, DLF and DB Realty down more than 50%.]]></description>
			</item><item>
            <title><![CDATA[Saag Infra in talks to work on affordable home project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12574</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Dec 2011 06:26:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Saag RR Infra Ltd, which is into construction industry and a subsidiary of Saag Consolidated (Malaysia) Bhd, is in talks with a company that has contract for setting up solar-powered affordable home in Tamil Nadu under the state government project. According to a regulatory filing with the Malaysian exchange Bursa Malaysia, “Saag is in advanced stage of negotiations with the main licensee of the affordable housing project in India, which has the rights for the German technology to build 60,000 solar-powered affordable homes per annum for the state of Tamil Nadu.”]]></description>
			</item><item>
            <title><![CDATA[DLF eyes three big-ticket sales in 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12573</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Dec 2011 06:25:32 +0530</pubDate>
			<description><![CDATA[Business Standard- India’s largest developer by market capitalisation, DLF Ltd, is banking on at least two to three big-ticket sales in early 2012, to keep to its debt reduction target for the current financial year. The developer needs to realise Rs 3,000 crore to Rs 3,500 crore from non-core asset sales, to reach its 2011-12 goal. Although the company is still far from the divestment figure it had set, Rajeev Talwar, executive director sounded confident about making it on time.]]></description>
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            <title><![CDATA[Draft Regulatory Bill needs in-depth study: MCHI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12572</link>
			<source>India Infoline News Service</source>
			<pubDate>Fri, 09 Dec 2011 06:24:07 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- The Government of India, Ministry of Housing and Urban Poverty Alleviation, has proposed a Regulatory Bill to regulate the Real Estate Industry in the country. We may be looking at a return to ‘License Raj’ if the draft Real Estate Regulation and Development Bill is passed, said Paras Gundecha, President, Maharashtra Chamber of Housing Industry (MCHI).]]></description>
			</item><item>
            <title><![CDATA[Indiareit to make two exits worth 1.72-2 bln by June]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12571</link>
			<source>Reuters</source>
			<pubDate>Fri, 09 Dec 2011 06:23:06 +0530</pubDate>
			<description><![CDATA[Reuters- Indian property fund Indiareit Fund Advisors, a unit of drugmaker Piramal Healthcare (PIRA.NS), is expecting to make two exits totaling 1.75 to 2 billion rupees by June, a top official said on Thursday. The Mumbai project is a residential complex, in which the fund made investments in 2008, and that in Pune is a residential cum commercial venture.]]></description>
			</item><item>
            <title><![CDATA[SEZ developers allowed to dilute project equity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12570</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Dec 2011 06:21:42 +0530</pubDate>
			<description><![CDATA[Business Standard- Five years after the Special Economic Zone (SEZ) policy came into existence, the department of commerce and industry has allowed developers to sell their stake partly or fully to other promoters and firms, including foreign ones. In other words, foreign real estate players will now be able to own SEZs in India, even though there are restrictions on FDI in real estate. The decision was taken by the board of approval (BoA) on SEZs under the ministry of commerce and industry at a meeting on September 19.]]></description>
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            <title><![CDATA[Study real estate market cycle to make profitable entry &amp; exit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12569</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Dec 2011 06:20:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate is not a &#039;get-rich-quick&#039; investment route. It pays off only when one invests in a property for at least 3-4 years. Even with a long-term investment horizon, one needs to have a clear exit strategy in mind before buying real estate as an investment. During the peak of India&#039;s real estate markets in early 2008, a number of investors would &#039;flip&#039; their properties (buy a property, hang on for few months for the prices to go up and then sell it for an instant profit).]]></description>
			</item><item>
            <title><![CDATA[Britannia to unlock HQ&#039;s realty value]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12568</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Dec 2011 06:19:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Britannia Industries, India’s largest biscuits and bakery company, is understood to have finally decided to unlock value at its sprawling headquarters property in this city. The corporate headquarters, christened Britannia Gardens, sprawls over nearly seven acres on the Old Airport Road, leading on to Whitefield, one of the major technology hubs towards the east of Bangalore.]]></description>
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            <title><![CDATA[RICS and Sam Circle Venture launch mass housing concept]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12567</link>
			<source>India Infoline News Service</source>
			<pubDate>Thu, 08 Dec 2011 06:45:08 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- India concept house is conceived as both a dwelling for inhabitation and as a process by which homes are produced through a managed supply chain. At a press conference in Delhi, RICS launched a revolutionary concrete panel based mass housing concept – known as ‘India Concept House (ICH)’ in partnership with Sam Circle Venture and its partners, KieranTimberlake and ProjectWell.]]></description>
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            <title><![CDATA[Hyderabad no more a favoured destination for big realtors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12566</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Dec 2011 06:43:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- The unlimited Floor Space Index (FSI) model in Hyderabad could be touted as the best in the country with developers across metros pushing for a similar law in their respective cities to not just increase vertical growth but also expand &#039;lung&#039; spaces. But despite its merits, the builder-friendly policy seems to be doing little to attract investors to the city- currently caught in the midst of a serious political turmoil.]]></description>
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            <title><![CDATA[Godrej Properties signs pact with ICICI Bank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12565</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Dec 2011 06:42:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties (GPL) today said it has signed an agreement with top private lender ICICI Bank for promoting housing projects and providing financial services to customers in various geographies. &quot;We will be launching various promotions for our residential properties across India. With current inflation and increased home loan rates, customers are finding it difficult to invest in their dream home. We hope these offers benefit our customers and make purchasing a home more affordable for them,&quot; GPL Executive Director Pirojsha Godrej said here.]]></description>
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            <title><![CDATA[Value for money, in Amritsar and Panipet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12564</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Dec 2011 06:41:24 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Astrum Homes has announced value housing in India by launching residential development projects with international style architecture and modern amenities in the cities of Amritsar and Panipat. The Amritsar project is spread over 32-acre and strategically located on the bypass road, within 15 minutes driving distance of the Golden Temple. The project is designed by Miami-based Roger Fry and Associates.]]></description>
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            <title><![CDATA[Meadowville township launched near Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12563</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Dec 2011 06:40:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Promoted by Sare Homes, the project is coming up at Kolathur, three km off GST Road, with the first phase offering two bedroom expandable villas starting at a price of Rs 25 lakh. After successfully launching multiple projects across the country and one in Chennai, Crescent ParC-Dewy Terraces, on OMR, the city’s IT Corridor, Sare Ho&shy;mes has now launched Mea&shy;dowville, a 65-acre serene township at Ko&shy;lathur, south of Chennai. The total investment in the project is expected to be around Rs 500 crore, with the first phase offering two bedroom expandable villas starting at a price of Rs 25 lakh.]]></description>
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            <title><![CDATA[Town Squares announced in Pune, Goa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12562</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Dec 2011 06:39:50 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- In the next 3 years, Pune-based realtors, Naiknavare, will come up with 3 shopping centres, with an investment of Rs 120 crore. In order to tap local retailers, Naiknavare Developers, the Pune-based realty company, is investing big in four big shopping centres in Pune and Goa. These shopping centres will be called ‘Town Square’.]]></description>
			</item><item>
            <title><![CDATA[Trapped by debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12561</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Dec 2011 06:38:47 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- When sales dip, especially in a high interest regime, real esta&shy;te companies inev&shy;it&shy;ably walk into a de&shy;bt trap. The high interest cost is eating into profits of all who have over-lev&shy;eraged their balance sheets. Na&shy;turally, desperate attempts are being made to bring down debt. Faced with an uphill task, the companies are fo&shy;rced to look into all possible options to raise cash. Of late, many leading players have begun to sell their land pa&shy;rcels to improve their cash flow and reduce debt burden. DLF and HDIL have started the trend, while many ot&shy;hers, incl&shy;uding Delhi-based Parsvana&shy;th and Ban&shy;galore-based Purvankara and Sob&shy;ha Developers, are following them.]]></description>
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            <title><![CDATA[Burgeoning population triggers demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12560</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Dec 2011 06:56:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector has always been in dire straits in terms of availability of land. However, there are companies who believe otherwise and practice that view too. For this limited availability of land and the huge gap between demand and supply for individual plots or sites have aided the demand and growth of condominiums, apartment complexes and gated communities. The ever increasing population in the metros has also triggered the demand for both owned and rented accommodations. Besides, higher disposable income, improving lifestyle, increasing aspiration levels and expanded knowledge on global trends have made the present new-generation property buyers more conscious about the properties they want to invest in.]]></description>
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            <title><![CDATA[Get a masterpiece masterplan in place]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12559</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Dec 2011 06:55:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Both the residential and commercial segments in India are posting growth owing to demand from consumers who do not enjoy a varied choice on offer. This is despite a uncertain global scenario in terms of the equity markets, economy and employment. The growing domestic economy has helped the real estate sector in sustaining the momentum. With over 500 million people estimated to live in urban India by 2020, development of more cities and townships within planned regions is imperative.]]></description>
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            <title><![CDATA[SITQ Shelves India Plan, Shuts Shop]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12558</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Dec 2011 06:54:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Canada-based PE fund SITQ, which had plans to invest up to $1.6 billion in the Indian real estate sector, is shutting down its operations in the country. The fund has not been able to identify deals in the ‘right value’, said aperson with direct knowledge of the development. SITQ, which is a part of Canadian business group Caisse de d&eacute;p&ocirc;t et placement du Qu&eacute;bec, merged with Ivanho&eacute; Cambridge, another PE fund of the group, in July this year. The fund manages a portfolio of $30 billion across 24 countries. Its assets include office buildings, business parks, hotels, apartments and retirement homes in cities across Canada, US, France, UK and Germany.]]></description>
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            <title><![CDATA[Developers Look for Ways to Reduce Costs, Meet Deadline =Cos opt for better construction technologies to fight high labour and material costs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12557</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Dec 2011 06:52:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Staff at the project site of the City Centre project in Noida was taken aback when the developer Logix group decided to use prefabricated steel instead of reinforced concrete cement (RCC) for the structure. Moreover, a part of the structure was already built using RCC yet the developer went ahead with the change as using only steel would help them finish the project much ahead of time, reducing cost of capital for the company by 15%.]]></description>
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            <title><![CDATA[Thrikkakara takes the green route now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12556</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Dec 2011 06:51:49 +0530</pubDate>
			<description><![CDATA[The Times of India- To address the problem of waste management which has been a headache for Thrikkakara municipality for long, a series of projects have been initiated, whereby organic and plastic waste from households can be segregated. The plastic waste thus collected can be processed and reused.]]></description>
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            <title><![CDATA[As home sales dwindle, group buying catches on, portals gain]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12555</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 07 Dec 2011 06:50:24 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- While real estate developers are seeing sales taper, the number of buyers opting for group home-buying channels such as portals is on the rise. So much so, Discounted Flats, a recent entrant, has reported sales worth Rs120 crore in the very first month of operation, selling 300 flats, most in the mid-segment. GrOffr.com, one of the early players in the discounted group home buying space, reiterates the positive sentiment. “In September, sales were slow due to Shraadh, but it has picked up really well in October and November,” said Sandeep Reddy, co-founder, GrOffr.com, pointing out that high interest rates and volatility in property prices are encouraging more people to route deals through such channels.]]></description>
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            <title><![CDATA[Mumbai home sales plunge 24% in nine months of ’11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12554</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:49:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Sales of residential property in Mumbai between January and September dipped 24% against the same period in 2010 as high prices and interest rates continue to deter buyers. Lack of affordable homes is compelling buyers to postpone purchases as three out of four residences cost at least R75 lakh. Roughly 27% of such homes in the city have no takers, data released by Director General of Registrations, Mumbai, show.]]></description>
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            <title><![CDATA[HOUSE RULES- EMPTY PROMISES: The proposed Real Estate Regulatory Authority may be able to punish errant builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12553</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Wed, 07 Dec 2011 06:48:01 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- Impressed by the brochure and advertisements of Apple-A-Day Properties, a Kochi-based real estate company, Cherian C.L. booked a flat at Apple Suites, Nedumbasser in Kerala, by making an advance payment of Rs 14 lakh. But even though two years had elapsed since he paid the advance, the construction work did not proceed any further. Not willing to let the owners of the real estate firm go scot-free with his money, Cherian, along with some other victims like him, have now formed an association to seek justice. This is, of course, just the tip of the iceberg of real estate problems in the country. To check the incidence of such malpractices by builders, the government has now come up with the draft Real Estate (Regulation and Development) Bill (RERD), 2011. The bill contains a raft of measures to protect the interests of property buyers like Cherian.]]></description>
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            <title><![CDATA[DHFL arm launches second realty fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12552</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 07 Dec 2011 06:46:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Citing potential demand in the middle-income housing segment in non-metro cities, Dewan Housing Finance’s (DHFL) fund management arm, ArthVeda Fund Management (AVFM), on Tuesday launched its second real estate fund, called ArthVeda Star. Through ArthVeda , the fund management company looks to raise Rs 200 crore with a greenshoe option of Rs 100 crore from domestic institutions and high net-worth individuals. The first fund had raised Rs 101 crore in 2006-07. The fund management intends to see its asset under management business reach $1 billion within the next three years.]]></description>
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            <title><![CDATA[Practical realty regulatory regime vital: Credai chief]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12551</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Dec 2011 06:45:35 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Associations of India (Credai) has pleaded for the creation of a regulatory regime that streamlines the procedures for the different sanctions and clearances across the country. The realty sector apex body has also stressed the need to computerise the operations of all the government departments that deal with the sector to check corruption and such practices.]]></description>
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            <title><![CDATA[Chandigarh, Vadodara safest cities in India: survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12550</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:44:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- Chandigarh has emerged as the safest city in the country, closely followed by Vadodara in an online survey of 37 cities conducted by a global market research firm. As part of the online survey done by YouGuv between Aug 23 and September 28, more than 6,000 respondents were asked to rate a particular city on various parameters, like crime rate, law enforcement, terror attacks to name a few, if they are residents or recent visitors to the said city.]]></description>
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            <title><![CDATA[Banks banned in Noida residential areas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12549</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:43:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Pulling up the New Okhla Development Authority (Noida) for exercising its powers arbitrarily, the Supreme Court on Monday ordered the immediate closure of 21 banks and nursing homes operating in sector-19 and then expanded the ambit of its verdict to banning any further commercial activity — wholly or partially — in exclusive residential zones in the Noida development area.]]></description>
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            <title><![CDATA[After 3 yrs, govt re-starts work on own land laws]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12548</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:42:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- After a gap of three years, the state Revenue Department has once again started the process of replacing the 132-year-old Bombay Land Revenue Code (BLRC) with its own Gujarat Land Revenue Code (GLRC). A new Bill is likely to be tabled in the upcoming Assembly session in February-March 2012. The BLRC, the primary legislation for revenue administration of the state, was enacted in 1879 by the British and adopted by the Union government and all the state governments. However, it was never changed according to the needs of Gujarat when it was formed in 1960.]]></description>
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            <title><![CDATA[Gurgaon land order prompts transfer of High Court judge]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12547</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:41:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- In October, Justice Mohinder Pal of Punjab and Haryana High Court was informed that he was being transferred to Gujarat High Court in the “public interest.” An investigation by The Indian Express, interviews with high court judges involved in the case, and a scrutiny of court records shows that behind the transfer is the unusual speed with which Justice Pal issued an order in a Gurgaon property case asking Haryana Urban Development Authority (HUDA) to allot 9.527 acres to M/s Orchid Infrastructure Developers Private Limited.]]></description>
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            <title><![CDATA[Not many seeking MCD approval for building plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12546</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:37:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Municipal Corporation of Delhi (MCD) began approving building plans in unauthorised, regularised colonies — like Uttam Nagar — 10 days ago, but not many residents have come forward to legalise their properties. This provision by MCD assumes significance as four people were killed in a residential building collapse in the locality on Saturday and, officials of the civic body said, the owner of the plot and builder of the upcoming structure adjoining the ill-fated building did not seek the required sanction for the construction work.]]></description>
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            <title><![CDATA[Land amnesty for three illegal S-E Delhi colonies cancelled]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12545</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Dec 2011 06:35:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government has begun proceedings to cancel land amnesty given to three illegal colonies in Southeast Delhi after an internal inquiry found the settlements did not qualify for the largesse. Ahead of the state elections in 2008, Chief Minister Sheila Dikshit’s government had granted provisional regularisation certificates to 1,239 illegal colonies, a temporary arrangement, committing that these colonies will eventually be declared legal.]]></description>
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            <title><![CDATA[Delhi city gets more migrants than any state]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12544</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Dec 2011 08:00:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- The country&#039;s capital has long been a magnet for migrants. But over the past decade, not only did Delhi city (excluding the National Capital Region) receive more migrants than any other city in India, it was ahead of even every state in the country. This accounts for the largest flow of migrants anywhere in urban India over a period between 2001 and 2011.]]></description>
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            <title><![CDATA[Milestone Capital Raises 450 Crore for Realty Fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12543</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Dec 2011 07:59:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity firm Milestone Capital Advisors has successfully raised close to . 450 crore from a slew of domestic high net worth individuals and mid-sized corporates for a real estate fund, a sector that is otherwise facing a downturn across the country. 
Investors are evincing significant interest in realty with equity capital emerging as an alternative funding mechanism even as debt becomes scarce for the sector.]]></description>
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            <title><![CDATA[Sobha to monetise additional land bank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12542</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Dec 2011 07:58:13 +0530</pubDate>
			<description><![CDATA[Business Standard- Sobha Developers, the Bangalore-based publicly-held realtor, is understood to be looking to offload a part of its 2,550 acres of land bank spread across the country to reduce its gearing (comparison of long term debt to its equity capital) by the end of FY11. The company, which has a debt of Rs 1,362 crore with a gearing of 0.71 times, is looking to bring this level to 0.5 by end of the ongoing fiscal.]]></description>
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            <title><![CDATA[Timely delivery: New reality of Indian realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12541</link>
			<source>Rediff</source>
			<pubDate>Tue, 06 Dec 2011 07:57:25 +0530</pubDate>
			<description><![CDATA[Rediff- It&#039;s a race among real estate developers to complete a floor quicker than the rest. With timely delivery of projects turning into a selling point, innovative technology is being put to use by realtors like never before. Raheja Developers, which recently tied up with Dubai-based Arabtec Constructions, would be using a combination of various technologies for three highrise residential projects in Gurgaon and Delhi]]></description>
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            <title><![CDATA[Realty firm Investors Clinic Infratech launches Dubai operations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12540</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Dec 2011 07:56:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investors Clinic Infratech, a leading real estate marketing and brokerage firm operating under the brand name of Investors Clinic, has set up its first international office in Dubai. The firm will cater to NRI demand and interest in the Indian realty market and will also help Indian expatriates identify properties globally.]]></description>
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            <title><![CDATA[DLF buys out Hilton&#039;s 26% stake in JV]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12539</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 06 Dec 2011 07:55:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF today said it has acquired the entire 26 per cent stake of its partner Hilton International in the hospitality joint venture -- DLF Hotels &amp; Hospitality -- for an estimated Rs 120 crore. The acquisition of the stake will make the joint venture a wholly-owned subsidiary of DLF.]]></description>
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            <title><![CDATA[Rush is back, flat buyers throng Noida Extn again]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12538</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Dec 2011 06:24:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Flat bookings and enquiries for housing units in Noida Extension have suddenly picked up pace after alull, buoyed by the Allahabad High Court verdict of October 21. Homebuyers had stopped enquiring about housing units in the region, following the verdicts Shahberi and Patwadi verdicts. But after the latest court verdict, which did not quash land acquisitions in villages where projects are underway, there has been a steady rise in enquiries and bookings.]]></description>
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            <title><![CDATA[Land Scarcity in Noida Forces Real Estate Cos to Explore Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12537</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Dec 2011 06:24:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Scarcity of land in Uttar Pradesh’s showpiece city of Noida and problems with acquisition of what is available are forcing property developers to explore options elsewhere, and rival Gurgaon is benefiting from it. Real estate developers in Noida, such as ATS Infrastructure, The 3C Company and Earth Infrastructures, which have about 11 residential projects between them in the city and its surroundings, have either bought land or signed joint development agreements in Gurgaon over the last six to eight months. The development underscores the problems the real estate sector has been facing in Noida since May this year when farmers’ protests over low prices for their land snowballed into a political issue, leaving projects and buyers stranded.]]></description>
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            <title><![CDATA[Developers to hike new flat prices by up to 25% in Noida Ext]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12536</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Dec 2011 06:23:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- New flat buyers at Noida Extension will have to pay 25 per cent more as developers have decided to pass on to consumers the burden of the Rs 3,000 crore payment notices that the Uttar Pradesh government had issued to land allottees.]]></description>
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            <title><![CDATA[Govt&#039;s gone a bit overboard with land acquisition bill: DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12535</link>
			<source>Moneycontrol</source>
			<pubDate>Mon, 05 Dec 2011 06:22:42 +0530</pubDate>
			<description><![CDATA[Moneycontrol- On this episode of CNBC-TV18&#039;s special show, Shereen Bhan catches up with the man who can be regarded as the farther of modern real estate business in India, the chairman of DLF, KP Singh. Singh recently completed his autobiography called Whatever The Odds, where he outlines his journey with DLF, from its incipience, its near-death experience and growth to what it is now, after wading through the political whirlwind.]]></description>
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            <title><![CDATA[FDI: India has large untapped market for big retail chains in Tier II &amp; III cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12534</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Dec 2011 06:21:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- What does the change in FDI policy mean for Tier II and Tier III towns? The most obvious conclusion is that the entry of large retailers in non-metro towns will boost demand for real estate development. What&#039;s more crucial is that the opening of stores by international retailers will change consumption in these cities by generating employment and income opportunities, attracting migrants and fostering a cosmopolitan culture in these cities.]]></description>
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            <title><![CDATA[DLF to divest entire stake in Galaxy Mercantile]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12533</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Dec 2011 06:20:26 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF, the country’s largest real estate company, has signed an agreement to divest all its stake in Galaxy Mercantile Ltd, a joint venture company between DLF Home Developers Ltd and Infrastructure Development Finance Company Ltd (IDFC). The latter will buy the entire stake, for a total of Rs 450 crore.]]></description>
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            <title><![CDATA[India story loses sheen with PE investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12532</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Dec 2011 06:19:41 +0530</pubDate>
			<description><![CDATA[Business Standard- About 75 India-focused funds have hit the road to raise nearly $50 billion. But, Limited Partners (LPs) believe half of these funds would manage to raise just about 50 per cent of their targeted funds. There are many reasons why LPs’ appetite for investment in India has gone down. These include disappointing returns on investments made in India, the lack of successful exit options, undeployed India-focused money, too many India-focused GPs (general partners) and an uncertain political scenario.]]></description>
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            <title><![CDATA[Failure to Cut Debt Lifts Builder Yields Above 20%: India Credit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12531</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Dec 2011 06:17:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- India’s biggest developers are failing to rein in record debt as borrowing costs above 20 percent and the worst economic slump since 2009 erode earnings. DLF Ltd., the largest builder, had liabilities minus cash of 242.7 billion rupees ($4.7 billion) last quarter, an all-time high, data compiled by Bloomberg show, as the company delayed asset sales. Net debt at Godrej Properties Ltd., the fourth- biggest by market value, reached unprecedented levels as the central bank raised interest rates to a three-year high. Developers sold debt at between 18.5 percent and 23 percent this quarter, National Securities Depositary Ltd. data show.]]></description>
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            <title><![CDATA[Small stores brace for Big Retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12530</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Dec 2011 06:16:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Even as consumers across the country seem to cheer the proposal to allow multinationals in retailing, some local retailers who have bravely stood up to domestic Big Retail ready for an encore, while others seem to have doubts.]]></description>
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            <title><![CDATA[Realty Bill may open new doors to transparent, secure home buying]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12529</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Dec 2011 06:15:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- For many, buying a residential property is the biggest investment they make in their lifetime. Last week, the government released for public comments a draft Real Estate Regulation Bill, which is said to be on its way to becoming a law in the winter session of Parliament. As such, this is a step towards bringing some semblance of consumer protection to the decidedly anti-consumer practices of the real-estate industry.]]></description>
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            <title><![CDATA[A floor completed in just three days: New reality of Indian realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12528</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Dec 2011 06:14:41 +0530</pubDate>
			<description><![CDATA[Business Standard- With quick and timely delivery a selling point, developers take to newer construction methods. It’s a race among real estate developers to complete a floor quicker than the rest. With timely delivery of projects turning into a selling point, innovative technology is being put to use by realtors like never before.]]></description>
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            <title><![CDATA[‘Investors’ take genuine buyers for a price ride]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12527</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Dec 2011 06:13:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- The burgeoning investor presence in the country’s realty market has for long fuelled unrealistic speculation in residential prices. Latest figures now show that 52 per cent of the new realty stock in India is held by investors, a steep leap from 22 per cent investor presence in 2009.]]></description>
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            <title><![CDATA[FDI in retail not to affect small units: Virbhadra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12526</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Dec 2011 08:27:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Questioning the &quot;hue and cry&quot; over FDI in multi-brand retail, Micro, Small and Medium Enterprises Minister Virbhadra Singh today said opening up the sector to global retailers will not affect the interest of small industry.]]></description>
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            <title><![CDATA[Cabinet approves repair of 49,000 houses in Sri Lanka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12525</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 03 Dec 2011 08:26:59 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Union Cabinet has given its nod for reconstruction and repair of 49,000 houses for internally displaced persons (IDPs) in Northern and Eastern Provinces and for Indian Origin Tamils (IOTs) in Sri Lanka. For this purpose, the Centre would provide a grant assistance of Rs 1, 319 crore. The project will benefit 49,000 IDPs and Indian origin Tamils in Sri Lanka.]]></description>
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            <title><![CDATA[Govt-traders talks on FDI in retail end in deadlock]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12524</link>
			<source>The Hindu Businessline</source>
			<pubDate>Sat, 03 Dec 2011 08:26:15 +0530</pubDate>
			<description><![CDATA[The Hindu Businessline- Talks between domestic traders and the Centre on Friday regarding allowing foreign direct investment (FDI) in retail ended in a deadlock. During the over one-and-a-half hour long talks, the traders vehemently opposed FDI in retail, while the Government categorically ruled out rolling back their policy. However, the Centre has proposed the formation of a six-member Joint Group with equal representation from the Government and the traders associations to hold further parleys on the issue.]]></description>
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            <title><![CDATA[Bangalore real estate cashes in on villaments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12523</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:25:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- Villaments is the new buzzword in Bangalore&#039;s real estate lexicon. A villament is where an apartment ends and a villa begins. It&#039;s a concept that&#039;s gaining popularity with those who want the luxury of a villa and yet crave the comfort and convenience an apartment affords.]]></description>
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            <title><![CDATA[Rush of PE deals in realty as developers lower valuations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12522</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:24:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai-based Atlanta Infrastructure Development and Real Estate is scouting for private equity investors who could acquire as much as 60% stake in its upcoming $2-billion theme park in Gujarat.]]></description>
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            <title><![CDATA[Himachal Pradesh to introduce circle rates for land registration]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12521</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:24:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- Taking a cue from Haryana, Uttar Pradesh and Uttarakhand, Himachal Pradesh cabinet today decided to introduce circle rates for assessing the stamp duty for registration of land.]]></description>
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            <title><![CDATA[DLF receives Rs 200 crore from IDFC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12520</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:23:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty major DLF today said IDFC has made the first tranche payment of Rs 200 crore, as part of acquiring the realty major&#039;s group firm Galaxy Mercantile Ltd. Galaxy Mercantile is a joint venture between DLF Home Developers Ltd -- a wholly-owned subsidiary of DLF -- and 3C.]]></description>
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            <title><![CDATA[300 new flats for army personnel]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12519</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:22:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- The army today handed over 300 newly-constructed flats for its soldiers at the Mamun Cantonment near here. Speaking on the occasion, General Officer Commanding of the Rising Star Corps Gen A K Choudhary appreciated the authorities concerned for constructing the accommodation for serving personnel.]]></description>
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            <title><![CDATA[Traders reject joint panel offer, say halt retail FDI policy first]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12518</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:22:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- Traders have rejected the government&#039;s truce offer to form a joint group to address their concerns over the decision to allow FDI in multi-brand retail. After a meeting with the commerce and industry minister Anand Sharma on Friday, traders&#039; representatives said the government should first defer the proposed policy before discussions could begin.]]></description>
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            <title><![CDATA[FDI in India cannot completely replace kiranas but create more jobs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12517</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:20:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- The controversy over foreign direct investment in the retail sector has thrown Parliament into dis-array. The chief ministers of Uttar Pradesh, West Bengal, Tamil Nadu and Bihar have vowed not to allow FDI in their respective states. But is their opposition based more on emotive grounds than the evidence that emerges from other countries?]]></description>
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            <title><![CDATA[FDI in retail: Govt rebuffs traders; no roll-back]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12516</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:19:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a straight talk, the Government today told agitating traders that it is not going to reverse the decision to permit FDI in retail and their concerns have already been addressed in the policy document. In response, traders who called for a nation-wide bandh yesterday under the aegis of the Confederation of All India Traders (CAIT) said they would decide further course of action at Nagpur on December 12-13.]]></description>
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            <title><![CDATA[Supreme Infra bags 3 projects worth Rs 1,248 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12515</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:19:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Supreme Infrastructure has bagged three projects worth Rs 1,248 crore for construction related work. 
The company was awarded two BOT (build, operate and transfer) projects worth Rs 1,138 crore by Jaipur Development Authority and Punjab Infrastructure Development Board, the company said in a statement today.]]></description>
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            <title><![CDATA[Khana Khazana plans to operate 150 restaurants in three years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12514</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Dec 2011 08:18:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Celebrity chef and entrepreneur Sanjeev Kapoor is expanding operations of restaurant business with plans to operate 150 outlets under different brands in the next three years.  The chef, who is the promoter of Khana Khazana India Pvt Ltd, plans to launch three new bands of restaurants in different formats.]]></description>
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            <title><![CDATA[Redevelop highend properties -For people who own houses worth crores, it will be far better to tie-up with a builder and raise floors, thereby earning some extra money]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12513</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Dec 2011 08:21:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- In the din of protests by farmers of Greater Noida and Noida for better compensation for the land that was already acquired by the government, a real estate clinic was organized in one of capital&#039;s elite clubs. It was held to answer all the possible queries of people sitting on properties worth crores in the upmarkets areas of the capital, including Malcha Marg,Greater Kailash,Hauz Khas,South Extension, Neeti Bagh and Uday Park. Around 200 people attended the clinic. Most of them were senior citizens,keen to know as to how they can redevelop their properties;they had several questions for the expert panel. The expert panel comprised top officials from the NDMC, the HDFC, a law firm and a noted realtor.]]></description>
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            <title><![CDATA[Caution is the buzzword -A confluence of global events, high fiscal deficits and stagnation in the residential sector might lead to a difficult 2012 for the real estate industry in India, says ET Realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12512</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Dec 2011 08:21:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- The developments in the Eurozone are likely to affect the Indian real estate market. These have not only dried up the foreign equity participation in the sector in the country, the developments will also affect demand of the products. Himadri Mayank, senior manager (research and real estate intelligence service) at Jones Lang LaSalle, India, in a report said that the inter-connectedness of global investment markets was evident in the slowdown during 2008, when the contagion of the recession spread rapidly across the world. A financial pandemic of such scale had not been witnessed since 1929, nearly eight decades ago. In 2009, markets rallied to regain some of the lost levels.]]></description>
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            <title><![CDATA[Realty Gains Ground Beyond Metros -Demand in Tier II &amp; III cities holds up and rates show an uptrend as compared to dismal sales numbers in big towns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12511</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Dec 2011 08:20:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- The industrial town of Rudrapur, 220 kms from Delhi on way to Nainital, isn’t exactly the kind of place that you start talking about. But Sanjeev Srivastav, managing director of real estate developer Assotech, won’t quite agree. He’s got a lot to talk about this little town, and is happy his firm had launched a project in this tier-III town four years back. At a time when builders in metros and tier-I cities are staring at falling sales and rising supply, tier-II and tier-III cities are doing quite well — both in terms of demand and prices. Rudrapur, for instance, has seen prices appreciating by more than 80% in the past three years, something even Mumbai — the hottest property market in the country — has not managed during this period.]]></description>
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            <title><![CDATA[It’s the Best Time to Prepay Your Home Loan -Banks are doing away with prepayment penalty on home loans. Your saving can be greater if you prepay now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12510</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Dec 2011 08:19:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- Teaser rates are pass&eacute;. It’s the turn of prepayment penalty to take the centre stage. Though prompted by regulatory persuasion and directives, some leading banks are using the abolition of prepayment charges to entice home loan borrowers. Last week, State Bank of India waived off prepayment charges for all customers — new or old, fixed or floating — and irrespective of whether they are paying from their pockets or switching to another lender. Almost immediately, ICICI Bank, too, removed prepayment charges for floating rate loans. With two major banks throwing their hats in the ring, it is very likely that more banks will join the bandwagon — either bowing to the regulatory pressure or to stay competitive.]]></description>
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            <title><![CDATA[DLF&#039;s sale of Aman Resorts nearly complete, to retain Delhi property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12509</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Dec 2011 08:18:39 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF, the country’s largest property developer, is likely to conclude the Aman Resorts deal by early 2012. The aim is to do so before the financial year is over. It has been in negotiation with many bidders for several months to offload its stake in Aman Resorts, the hotel chain. The company has got final bids from four to five companies and bankers are close to finalising the deal. DLF would offload its stake in the chain, while retaining the Delhi Aman property.]]></description>
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            <title><![CDATA[Why Cong went for retail FDI: it’s about realty, not reform]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12508</link>
			<source>Firstpost</source>
			<pubDate>Fri, 02 Dec 2011 08:17:42 +0530</pubDate>
			<description><![CDATA[Firstpost- The god-awful political scrap we are witnessing over allowing foreign direct investment (FDI) in retail is, of course, a load of bull. Barring perhaps the Left (who are congenitally opposed to all ‘neo-liberal’ policies) and the BJP (which was originally a party of petty traders and kirana merchants before it came to power in Delhi in 1998), nobody is actually opposed to FDI in retail.]]></description>
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            <title><![CDATA[Investors, not genuine buyers, driving up new property prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12507</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 02 Dec 2011 08:17:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- More than half (52 percent) of the new realty stock in India is held by investors, a sharp rise from 2009 when the investor segment formed only 22 per cent of buyers.
The data compiled by the real estate research agency Liases Foras shows that the huge investor presence has pushed up property prices making them unaffordable despite lack of sales volumes.]]></description>
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            <title><![CDATA[Residential, commercial real estate market sentiments will remain cautious in 2012: JLL forecast]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12506</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Dec 2011 08:16:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate consultants Jones Lang LaSalle&#039;s &#039;India Real Estate Forecast 2012 Across Asset Classes&#039; report indicates that the country&#039;s residential as well as commercial real estate market sentiments will remain cautious in the coming year. According to the forecast report released on Thursday, India&#039;s residential market sentiments will remain cautious over the short term in the coming year 2012 because of the prevailing uncertainties in the global market and the likelihood of further interest rate hikes by RBI early next year.]]></description>
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            <title><![CDATA[Tough nut to crack]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12505</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 01 Dec 2011 07:40:19 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Amidst the clamour of protests over the Government&#039;s decision to open up the retail sector in India to foreign investment, there is one group of players which has been notable by its silence – existing Indian organised retail players.  One would have thought they would have been the first to react, as they are the ones likely to be impacted the most by the entry of foreign ‘big box&#039; retail. In fact, the day the government&#039;s decision was announced, Kishore Biyani, Future Group CEO, and the undisputed leader of organised retail in India, said on television: “We are well placed. Competition should be worried about us rather than us worrying about competition.”]]></description>
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            <title><![CDATA[Godrej Properties announces its first project in Nagpur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12504</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Dec 2011 07:38:27 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Godrej Properties, the real estate development arm of the Godrej Group, recently announced that it will develop approximately two million sq ft of premium residential apartments and villas within Anandam World City at Model Mills, Ganeshpeth, bang in the middle of Nagpur.The company claimed that the residential towers are planned to be the tallest in Nagpur. It will comprise a range of luxurious amenities such as a four-acre central garden with a state-of-the-art club house, swimming pool, indoor games and a yoga room.]]></description>
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            <title><![CDATA[The towering presence]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12503</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Dec 2011 07:37:27 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Hyderabad-based SMR Vinay Fountain Head, four towers consisting of 19 floors each and a lot of landscaping, will focus on the layout to ensure that it would not be ‘crowded’. KKR&#039;s SMR Vinay Fountain Head, the flagship gated community of real estate developers SMR Group, would be ready by February next year. SMR would give possession of the dwelling units then.]]></description>
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            <title><![CDATA[Second phase of Inno GeoCity launched]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12502</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Dec 2011 07:36:22 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Inno Group, after the success of Phase 1, will now promote 200 units of bungalow apartments and independent villas. Inno GeoCity, part of the Inno Group, which is establishing a self contained township close to the electronic and automobile hub of the emerging Oragadam industrial belt, south west of Chennai, has now launched the second phase of the project. It has also announced the tie-up with The Indian Public School (Tips), an emerging CBSE school chain that will start functioning at the township from the forthcoming academic year.]]></description>
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            <title><![CDATA[Mini cities, mega plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12501</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Dec 2011 07:35:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Self-contained townships, it is hoped, will reduce the pressure on the civic bodies to provide social infrastructure and aid in reducing traffic congestion. A ‘township revolution’ is sweeping south of the Vindhyas, albeit slowly. Chennai, Hyderabad and Bangalore are going the “self-contained” way, with a slew of townships that offer wider choices, making their presence felt.]]></description>
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            <title><![CDATA[Adhar sees Rs 10 cr home loan portfolio by March 2012]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12500</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Dec 2011 07:34:17 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate lender Adhar Housing Finance has plans to disburse Rs 10 crore under its different loan categories in the state by March 2012, said Harshil Mehta, chief executive officer of the company. The loan categories of Adhar includes house extensions, government plot mortgage schemes, loan against property, lease rental finance, non-residential property loans and for individual house construction. The rate of interests will vary from 10.5 per cent to 14 per cent per annum, according to the nature and tenure of the loan.]]></description>
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            <title><![CDATA[For ragged realtors, retail FDI is a Godsend]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12499</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 01 Dec 2011 07:33:03 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Real estate developers, which are battling huge vacancies and lacklustre rentals, are set for a windfall following a sudden proposal to open up the retail sector for foreign competition. As overseas chains line up to grab the biggest retail pie, experts see most developers dusting up shelved projects and trying out newer revenue and business models as they unexpectedly get to choose from a wider basket of brands.]]></description>
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            <title><![CDATA[Pragmatic realty regulatory regime vital: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12498</link>
			<source>Construction Week</source>
			<pubDate>Thu, 01 Dec 2011 07:32:00 +0530</pubDate>
			<description><![CDATA[Construction Week- Putting forward a model bill for single window clearance of realty projects, Confederation of Real Estate Developers&#039; Associations of India (CREDAI) strongly advocated a comprehensive real estate regulatory regime. Dismissing the draft regulatory bill prepared by the government as ‘&#039;Public Amusement and Developers Harassment Bill,’ CREDAI national president Lalit Kumar Jain said it will hamper the growth of the industry.]]></description>
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            <title><![CDATA[Ahmedabad realty market is India’s ‘eye candy’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12497</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 01 Dec 2011 07:30:53 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The real estate industry may be going though a rough phase right now, but it has not shaken investors’ faith in Ahmedabad real estate market. Talking to DNA on the sidelines of ‘Credai Conclave 2011’ in New Delhi, Lalit Jain, president of Confederation of Real Estate Developers Association of India (Credai) said that investors are more confident of Ahmedabad market compared to any other city in the country.]]></description>
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            <title><![CDATA[Status quo in Greater Noida land acquired by Yamuna Expressway]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12496</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Dec 2011 07:29:55 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Allahabad High Court on Tuesday directed status quo in connection with land acquisition of more than 400 hectares in a Greater Noida village. The land in question was acquired by Yamuna Expressway Industrial Development Authority (YEIDA) for “public purpose” using the urgency clause. The same bench also directed the state government to file a counter-affidavit in another matter of land acquisition pertaining to a Noida village.]]></description>
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            <title><![CDATA[Delhi in &#039;most unsafe&#039; cities in India list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12495</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Dec 2011 07:28:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The National Capital has emerged as one of the most unsafe cities along with Patna, Kanpur and Meerut in the country, according to a report by online realty portal 99acres.com. The report, which was prepared by global market research firm YouGov on behalf of 99acres.com, has found Chandigarh to be safest place in the country, followed by Vadodara, Shimla and Udaipur in terms of crime, law enforcement and terrorism. The survey, comprising 6,161 samples and 37 cities across the country, placed Meerut at the bottom of the safety parameters assigning 2.39 points in a scale of 0-5, while Delhi came in the 34th position with 2.8 points.]]></description>
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            <title><![CDATA[HC not to overturn order to builder to pay Rs 80k to consumer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12494</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Dec 2011 07:27:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Madras High Court has refused to set aside the order of the Madurai District Consumer Disputes Redressal Forum directing a builder to pay Rs 80,000 to a consumer towards deficiency of services and compensation for mental agony and monetary loss. Dismissing the petition filed by builder T Selvam, Justice K Chandru said he should appeal to the State Forum and National forum as per the Constitution.]]></description>
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            <title><![CDATA[Stop Blaming Rural Migration For Urban Ills -Study says natural growth of urban population added largest chunk of 40m people to urban areas &amp; sees rapid urbanisation of villages as challenge]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12493</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Nov 2011 06:17:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rapid urbanisation of villages and expansion of urban areas pose a more pressing challenge to Indian policymakers and administrators than migration of people from rural areas to the cities, a new report has said.]]></description>
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            <title><![CDATA[Retail FDI: Mall developers gear up for opportunities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12492</link>
			<source>Business Standard</source>
			<pubDate>Wed, 30 Nov 2011 06:15:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Mall developers and retail consultants are looking to cash in on the opportunity that is likely to emerge following relaxation of FDI norms in the sector. Mall developers and retail consultants are looking to cash in on the opportunity that is likely to emerge following relaxation of FDI norms in the sector.]]></description>
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            <title><![CDATA[FDI in retail: Boost for realty?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12491</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 30 Nov 2011 06:14:46 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Mall developers have been waiting for the government to open up the retail sector to more foreign direct investment. They say this will help them get a better mix on brands to attract foot-falls. CNBC-TV18&#039;s Nikita Rana reports that this will not mean an increase in rentals.]]></description>
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            <title><![CDATA[FDI In Retail signals evolution fors retail Real Estate services: JLL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12490</link>
			<source>India Infoline News Service</source>
			<pubDate>Wed, 30 Nov 2011 06:13:54 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- The currently depressed economic scenario will not hinder but rather accelerate their expansion. With FDI now permitted for multi-brand retailing in India, global retail giants are now zeroing in on India. We will see the arrival of multi-brand luxury chains in Delhi NCR, Mumbai, Bangalore and Chennai, with mid-segment retail chains such as Macy’s and Primark focusing on all cities.]]></description>
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            <title><![CDATA[MagicBricks.com launches virtual property expo for NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12489</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Nov 2011 06:12:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- For the First time ever, MagicBricks.com, India&#039;s Leading Real Estate Portal presents a unique virtual property fair from 28th November&#039; 11 to 18th December&#039; 11 at IndiaCalling.MagicBricks.com. MagicBricks India Calling has been organised for NRIs residing in the USA as a new initiative, wherein a large showcase of projects can be accessed conveniently from anywhere in the USA.]]></description>
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            <title><![CDATA[FDI in retail to open doors for more malls]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12488</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Nov 2011 06:11:25 +0530</pubDate>
			<description><![CDATA[The Financial Express- As an economic slowdown prompted most of the real estate companies in India to shelve hundreds of mall projects nationwide, the new foreign investment in retail guidelines will energise firms to look at malls again. Meanwhile, companies and experts say the real impact of the liberalisation can be seen in the next two to three years.]]></description>
			</item><item>
            <title><![CDATA[Post retail FDI, mall developers gear up for opportunities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12487</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Nov 2011 06:10:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mall developers and retail consultants are looking to cash in on the opportunity that is likely to emerge following relaxation of FDI norms in the sector.]]></description>
			</item><item>
            <title><![CDATA[&#039;Bangalore best Indian city to live in&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12486</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Nov 2011 06:09:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Pipping past the four metro cities of New Delhi, Mumbai, Kolkata and Chennai, the southern technology hub Bangalore has emerged as the best city to live in India, a global survey said today. Despite its top Indian ranking, Bangalore&#039;s worldwide rank is very low at 141st position in a list of 221 cities globally in terms of standard of living, compiled by the &#039;Quality of Living Survey - Worldwide Rankings, 2011&#039; by the global HR (human resources) consultancy major Mercer.]]></description>
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            <title><![CDATA[Gautier eyes realty space for bulk deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12485</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 29 Nov 2011 07:11:02 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- French furniture maker Gautier is looking to grab bulk deals from real estate developers in India, particularly in Hyderabad. The company is already in talks with a few big developers in Hyderabad, said Abhijeet Mitra, chief executive officer of Ebony Gautier. “A lot of young people, whose EMI tenure will be long, are buying properties in Hyderabad. We would like to cater to this segment. We are in talks with the real estate developers for bulk sales,” he said.]]></description>
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            <title><![CDATA[Builders pin hopes on high rises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12484</link>
			<source>Indian Express</source>
			<pubDate>Tue, 29 Nov 2011 07:10:00 +0530</pubDate>
			<description><![CDATA[Indian Express- Though the District Collector feels that congestion in the city is caused by the increasing number of high rises within the city limits, builders in Kochi have a different view of the situation. “With space becoming such a rarity, vertical expansion is the only feasible way to ensure that the ever-increasing population of Kochi can be accommodated,” said M V Antony, president, CREDAI Kochi. “Kochi does not have enough land to allow further horizontal expansion without causing more congestion. Horizontal expansion means less space for landscaping and greenery. Moreover, limiting the vertical expansion to the suburbs will be feasible only if the infrastructure of Kochi is improved. There needs to be good connectivity and service available in the suburbs for people to move out of the city,” he added.]]></description>
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            <title><![CDATA[Exclusive! Minister hints at more FSI, says it will rid cities of slums]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12483</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 29 Nov 2011 07:08:36 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Maximum City may have the maximum number of high-rises if the Centre’s plan to increase the floor space index (FSI) materialises. While the global average is 10, Indian cities have, on an average, an FSI of 2. The shift is necessary if cities are to be rid of slums, Kamal Nath, Union minister for housing and urban development, said on Thursday.]]></description>
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            <title><![CDATA[Godbole returns to Morgan Stanley as India realty arm head]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12482</link>
			<source>Zee News</source>
			<pubDate>Tue, 29 Nov 2011 07:07:47 +0530</pubDate>
			<description><![CDATA[Zee News- Morgan Stanley has named Shirish Godbole as the head of its global real estate investment fund in India, the Wall Street bank said on Monday, as it looks to tap opportunities in a sector that has been badly hit by a cash crunch. Godbole, who had spent 13 years with Morgan Stanley earlier including as co-head of its commercial real estate finance business in Europe, will be based in Mumbai, the bank said in a statement.]]></description>
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            <title><![CDATA[Sahara cos’ books under &#039;violation&#039; scan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12481</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Nov 2011 07:06:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- The trouble, it seems, is not yet over for the Sahara group. After the Securities Appellate Tribunal (SAT), it is the Ministry of Corporate Affairs that has decided to look into the company. The ministry has asked the Registrar of Companies (RoC) to inspect the books of accounts of two Sahara group companies — Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation Ltd) and Sahara Housing Investment Corporation — for alleged violation of norms of private placement.]]></description>
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            <title><![CDATA[DLF hopes to reduce debt to Rs 10k cr in 2 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12480</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Nov 2011 07:05:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country&#039;s largest realty firm DLF expects to pare its debt burden of over Rs 22,500 crore to less than half in the next two years. As part of the strategy to bring down its total debt to about Rs 10,000 crore by 2013, the firm is closing in on a few deals of to sell non-core assets, including Amanresorts .]]></description>
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            <title><![CDATA[Housing firm not responsible for land grab: Supreme Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12479</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Nov 2011 07:31:04 +0530</pubDate>
			<description><![CDATA[Business Standard- The housing development authority cannot be held responsible for the encroachments made after possession of the plot had been delivered to the allottees, the Supreme Court ruled in the case, Haryana Urban Development Authority vs Viresh Sanghwan. Neither the original allottee nor those who bought the property later, could accuse the development authority of “deficiency in service” in the matter of allotment of plot on the ground that some villagers had made encroachment on it.]]></description>
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            <title><![CDATA[Enter the new age broker]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12478</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 28 Nov 2011 07:30:09 +0530</pubDate>
			<description><![CDATA[The Financial Express- The real estate brokers are the cornerstone of the real estate industry in India. They are the front end of the business, the first point of contact for the customer. It is they who hold the pulse of the market. Their importance notwithstanding, the general perception of the real estate broker is one of mistrust. “He is the last guy you can trust,” used to be the common refrain. That was probably true in the 80’s. Times have changed and indeed for the better. Today, the real estate broker has undergone a transformation.]]></description>
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            <title><![CDATA[Kerala CREDAI elects new governing body]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12477</link>
			<source>Indian Express</source>
			<pubDate>Mon, 28 Nov 2011 07:27:47 +0530</pubDate>
			<description><![CDATA[Indian Express- K V Abdul Azeez, CMD of Skyline Group, has been chosen the chairman of Confederation of Real Estate Developers Association of India (CREDAI), Kerala. S N Raghuchandran Nair, managing director of SI Properties, has been elected the secretary general and K V Haseeb Ahmed, managing partner of Crescent Builders, has been chosen the treasurer. CREDAI, Kerala, has around 130 builders in its membership list from its Thiruvananthapuram, Kochi and Calicut chapters.]]></description>
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            <title><![CDATA[Mangalore real estate booms as NRIs buy properties after rupee depreciation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12476</link>
			<source>The Times of India</source>
			<pubDate>Mon, 28 Nov 2011 07:24:37 +0530</pubDate>
			<description><![CDATA[The Times of India- Real estate may have evened out or reeling under pressure due to high interest costs and inflation in other parts of the country. But in Mangalore it&#039;s booming thanks to the NRIs. They are making a beeline for investment following appreciation of foreign currency against the Rupee. PMA Razak, president, Mangalore Chapter of the Confederation of Real Estate Developers&#039; Associations of India (CREDAI), told TOI that the falling Rupee has made investment in real estate an attractive proposition for NRIs, especially in the Middle East.]]></description>
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            <title><![CDATA[JP Morgan Fund invests 200cr in Nitesh Estates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12475</link>
			<source>Money Matters</source>
			<pubDate>Mon, 28 Nov 2011 07:22:44 +0530</pubDate>
			<description><![CDATA[Money Matters- To develop residential projects in Bangalore, a proprietary investment arm of JP Morgan will take 50% stake in a Rs 1,500 crore joint venture with Nitesh Estates, a property / real estate development company in India. A banking source familiar with the matter stated that the JP Morgan Fund will invest $40 million, or Rs 200 crore, as equity into the special purpose vehicle (SPV) developing five projects in all.]]></description>
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            <title><![CDATA[Chennai realty boom boon for NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12474</link>
			<source>Deccan Chronicle</source>
			<pubDate>Mon, 28 Nov 2011 07:20:38 +0530</pubDate>
			<description><![CDATA[Deccan Chronicle- “Recession-hit US and Eurozone have put their prime properties up for sale at ridiculously lower quotes. Hence, to raise funds for such a transaction in their places of residence, many NRIs are selling their local properties,” says Mr S. Arun Kumar, vice-president, Hanu Reddy Realty. The US-based real estate brokerage firm has seen an upsurge in demand from NRIs keen to sell their properties in India, especially Tamil Nadu, to get more funds.]]></description>
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            <title><![CDATA[Sahara appeal against SAT order in SC today]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12473</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Nov 2011 07:18:52 +0530</pubDate>
			<description><![CDATA[Business Standard- The Sahara group’s appeal against the order of the Securities Appellate Tribunal (SAT) will come up for hearing in the Supreme Court on Monday, according to lawyers familiar with the development. The six-week deadline given by SAT to Sahara India Real Estate Corp and Sahara Housing Investment Corp to refund at least Rs 24,029 crore collected through issuing optionally fully convertible debentures (OFCDs) along with an interest of 15 per cent, expires on Monday.]]></description>
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            <title><![CDATA[Does the development in Eurozone affect the Indian real estate?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12472</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 28 Nov 2011 07:17:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- The developments in the Eurozone are likely to affect the Indian real estate market. These have not only dried up the foreign equity participation in the sector in the country, the developments will also affect demand of the products. Himadri Mayank, senior manager (research and real estate intelligence service) at Jones Lang LaSalle, India, in a report said that the inter-connectedness of global investment markets was evident in the slowdown during 2008, when the contagion of the recession spread rapidly across the world.]]></description>
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            <title><![CDATA[Alexandria Equities plans $1-bn rollout in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12471</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Nov 2011 07:16:35 +0530</pubDate>
			<description><![CDATA[Business Standard- Alexandria Real Estate Equities is setting the stage for a $1-billion rollout in India, according to investment bankers close to the US-based NYSE-listed multi-billion-dollar real estate investment trust (RIET). The conglomerate, based in California’s Pasadena, which focuses on owing the real estate and related infrastructure for the healthcare sector, is understood to be in advanced stages of owning at least 15 multi-specialty hospital properties in India.]]></description>
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            <title><![CDATA[Master plan for better Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12470</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Nov 2011 07:34:25 +0530</pubDate>
			<description><![CDATA[The Times of India- A better plan for the future of Noida was unveiled on Wednesday by the Noida Authority in its 175th board meeting wherein the Master Plan 2031 was officially notified. Planned for an estimated population of 25 lakh, the new Master Plan focuses on better infrastructure and a greener city. This has also pointed out at an attempt by the Authority to take a step forward and leave behind the land acquisition row that has affected the twin cities of Noida and Greater Noida.]]></description>
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            <title><![CDATA[RUDRAPUR IS NEW HUB FOR INDUSTRY, REALTY -Riding on sound government policies and a keen interest by developers, Rudrapur in Uttarakhand is transforming into a modern industrial city.]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12469</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Nov 2011 07:33:34 +0530</pubDate>
			<description><![CDATA[The Times of India- Rudrapur, known as the gateway to the Kumaon hills and located on the Delhi-Nainital Highway (NH-74) and Khatema-Panipat Highway (NH-87), in Udham Singh Nagar district of Uttarakhand, is fast emerging as one of the largest industrial hubs as well as real estate zones.]]></description>
			</item><item>
            <title><![CDATA[BLACK MONEY PLAGUE -The cost of construction materials is rising; the cost of housing is always on the rise in Indian real estate market.]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12468</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Nov 2011 07:32:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Industry insiders say that the process which forces a builder to take approvals from different agencies gives birth to corruption. Every stage involves a malpractice. For instance, in the Delhi NCR region, a builder needs nearly 60 approvals to construct a property. A developer who operates in North India says that he recently had to pay a kickback of Rs 18 crore to an NCR-based development authority. And, the officials handed over a typed document with heads and subheads of departments and designation of people concerned and their percentage in the total kickback. The developer says he couldn&#039;t believe that corruption was so organized!]]></description>
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            <title><![CDATA[CAUTION IS THE BUZZWORD -A confluence of global events, high fiscal deficits and stagnation in the residential sector might lead to a difficult 2012 for the real estate industry in India.]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12467</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Nov 2011 07:31:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The developments in the Eurozone are likely to affect the Indian real estate market. These have not only dried up the foreign equity participation in the sector in the country, the developments will also affect demand of the products. A financial pandemic of such scale had not been witnessed since 1929, nearly eight decades ago. In 2009, markets rallied to regain some of the lost levels.]]></description>
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            <title><![CDATA[&#039;Organised and unorganised retail can co-exist in India&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12466</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 26 Nov 2011 07:29:33 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Yesterday, the cabinet approved 51% foreign direct investment in multi-brand retail . Although the news is positive for large retailers, but the smaller players are worried. RP Singh, former DIPP secretary says, the fear about the small retailers getting unemployed has been over exaggerated. “In India, the unorganised retail is going to give big retailers run for their money. In the long run, they will reinvent themselves.”]]></description>
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            <title><![CDATA[R-ADAG, 7 others bid for HUL’s Worli property, may fetch Rs 500 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12465</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Nov 2011 07:28:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Reliance Anil Dhirubhai Ambani Group, Gautam Adani and six more entities, including realty developers, have submitted bids for buying Hindustan Unilever&#039;s nearly one-acre sea-facing property Gulita at Worli in central Mumbai, said people familiar with the development. Ajay Piramal Group, Peninsula Land, Oberoi Realty, Shobhit Rajan of Gammon India, businessman and actress Shilpa Shetty&#039;s husband Raj Kundra have sent their bids, while a joint bid from Bhushan Steel and Ashriya International has also been received for the property.]]></description>
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            <title><![CDATA[Hiranandani to invest Rs 3,000 crore in 2012 on realty projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12464</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Nov 2011 07:26:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai-based developer Hiranandani Constructions will invest up to Rs 3,000 crore next year on various realty projects across the country. The realty major may also hike prices of its housing units by 10-15 per cent to offset rising input costs. &quot;We have planned many new launches across various segments. There will be an investment of about Rs 2,000 crore to Rs 3,000 crore in 2012 from the group,&quot; Hiranandani Constructions Managing Director Niranjan Hiranandani told PTI on the sidelines of CREDAI summit here.]]></description>
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            <title><![CDATA[NRIs make merry as value of Indian rupee depreciates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12463</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Nov 2011 07:25:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Real estate may be reeling under pressure due to high interests and inflation in other parts of the country. However, in Mangalore it&#039;s booming thanks to non-residential Indians (NRIs). They are making a beeline for investments following the appreciation of foreign currencies against Indian rupee. PMA Razak, president, Mangalore Chapter of the Confederation of Real Estate Developers&#039; Associations of India (CREDAI), told TOI that the falling rupee value had made investment in real estate an attractive proposition for NRIs, especially in the Middle East.]]></description>
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            <title><![CDATA[DLF to invest up to Rs 3,000 cr to build new malls]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12462</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 26 Nov 2011 07:24:38 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country&#039;s largest realty player, DLF Ltd will invest up to Rs 3,000 crore over the next five years to develop shopping malls across India as it looks to cash in on opportunities following the further opening up of FDI in retail sector. The company will develop 3.5 million square feet to 4 million square feet of retail space as it expects heightened activity with the government yesterday approving 51 per cent foreign direct investment in multi-brand retail and 100 per cent in single brand.]]></description>
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            <title><![CDATA[4 Indian projects win Holcim Awards]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12461</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 26 Nov 2011 07:22:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Four Indian civic projects and have been awarded at the 3rd International Holcim Awards competition here for innovative sustainable building projects. The projects were given the awards by Holcim Foundation during an award ceremony last night. The Holcim Awards is an international competition that recognises innovative construction projects and future-oriented concepts on regional and global levels.]]></description>
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            <title><![CDATA[Land acquisition bill: Farm owners oppose power to gram sabhas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12460</link>
			<source>The Times of India</source>
			<pubDate>Fri, 25 Nov 2011 06:16:59 +0530</pubDate>
			<description><![CDATA[The Times of India- The landmark bill on land acquisition and rehabilitation is facing stiff hurdles with farmer groups objecting to what is intended to be an “empowering” provision — consent of 80% of a gram sabha or village assembly — on the ground that this may be a disadvantage to land owners. Farm organizations told Parliament’s standing committee on rural development examining the land acquisition, rehabilitation and resettlement bill that land owners may often be in a minority in a gram sabha and posed the question — what if proprietors of small holdings or those with none “out vote” farmers with substantial farms?]]></description>
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            <title><![CDATA[Highway to prosperity -Faridabad is emerging as a prime destination for investment, as a slew of roads, highways, expressways and the Metro project enhance its connectivity to other cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12459</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:15:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- The National Capital Region (NCR) of India, the world&#039;s second largest urban agglomeration, encompasses the entire National CapitalTerritory of Delhi, as well as the surrounding urban areas of Haryana, Uttar Pradesh and Rajasthan. This concept was first proposed in 1962 to promote growth and a balanced development of the entire region. However, the NCR&#039;s development has been uneven.]]></description>
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            <title><![CDATA[REDEVELOPING DELHI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12458</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:14:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- A draft redevelopment plan for Delhi has been approved by the MCD and has been forwarded to the DDA for approval. Once the plan is OK&#039;d, it will act as a base for redeveloping any property within the defined special area of Master Plan of Delhi-2021. Delhi has spilled over to its surrounding areas to an extent that further development of urban extensions around the city is severely limited due to non availability of land.]]></description>
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            <title><![CDATA[Realtors Build Hopes on Retail FDI Decision -FDI in retail sector likely to prompt real estate players to revive their plans shelved earlier due to slowdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12457</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:13:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government’s decision to allow 51% foreign direct investment in multi-brand retail and increase FDI limit in single-brand retail to 100% comes as a whiff of fresh air for the real estate sector, which has been battling slow sales and rising debt for almost two years now. The cabinet’s decision on Thursday may not make a big impact in the short-term, but it is expected to prompt real estate players who had either shelved or slowed down their plans to build malls and shopping complexes over the past few years, to revive their plans.]]></description>
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            <title><![CDATA[Interest rates have peaked: HDFC MD]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12456</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:12:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- HDFC Ltd Managing Director Renu Sud Karnad today said interest rates have reached their peak and there should not be further hikes in the future. Last month, the Reserve Bank of India (RBI) raised the repo rate by 25 basis points to 8.50 per cent and the reverse repo rate moved up by a similar percentage to 7.50 per cent.]]></description>
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            <title><![CDATA[Tata Sons to infuse Rs 500 crore in realty arm Tata Housing Development Company]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12455</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:11:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Tata Sons will infuse Rs 500 crore into the group&#039;s real estate arm, Tata Housing Development Company, through a fresh issue of equity shares, more than one person having knowledge of the development said. The process to issue equity shares to the parent is expected to start in the next couple of weeks with an aim to complete it by the end of current fiscal year.]]></description>
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            <title><![CDATA[Expert panel for single window system in real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12454</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:10:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Seeking to address the concern of real estate developers over delay in getting approval of the projects, government today announced the setting up of an expert commmttee to suggest measures for a speedy clearance system. Confederation of Real Estate Developers&#039; Associations of India (Credai) have brought out a model draft for speedy approval of projects through a single-window clearance.]]></description>
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            <title><![CDATA[Nath slams Delhi Master Plan again, says land should be used efficiently]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12453</link>
			<source>Indian Express</source>
			<pubDate>Fri, 25 Nov 2011 06:08:47 +0530</pubDate>
			<description><![CDATA[Indian Express- “There is no real gloom in the real estate industry. The industry is just used to a greater boom. And having seen this atmosphere of boom, anything that is not boom, looks like gloom.” This is how Union Urban Development Minister Kamal Nath described the real estate situation at a meeting with private real estate industry leaders here on Thursday.]]></description>
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            <title><![CDATA[NRIs home in on property as rupee crashes; look for safe investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12452</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:07:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- When Navin Raheja, a Gurgaon-based builder, launched the city&#039;s tallest residential tower earlier this month with apartments priced between Rs 1 crore and Rs 3 crore, most real estate analysts scoffed at the timing of the launch. The robust response, especially from non-resident Indians who stand to gain from the sharp slide in the rupee, however holds out fresh hope for domestic builders saddled with piling inventories.]]></description>
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            <title><![CDATA[Real estate players such as DLF &amp; Unitech build hopes on retail FDI decision]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12451</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Nov 2011 06:06:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government&#039;s decision to allow 51% foreign direct investment in multi-brand retail and increase FDI limit in single-brand retail to 100% comes as a whiff of fresh air for the real estate sector, which has been battling slow sales and rising debt for almost two years now. The cabinet&#039;s decision on Thursday may not make a big impact in the short-term, but it is expected to prompt real estate players who had either shelved or slowed down their plans to build malls and shopping complexes over the past few years, to revive their plans.]]></description>
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            <title><![CDATA[Court issues process against Lavasa, 14 others]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12450</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 25 Nov 2011 06:05:48 +0530</pubDate>
			<description><![CDATA[The Financial Express- The court of chief judicial magistrate N T Ghadge on Thursday issued process against Lavasa Corporation and 14 others - including five employees, four directors and five officials - in a criminal case filed by the Maharashtra Pollution Control Board (MPCB). The &#039;issue process&#039; order was passed under section 15 (penalty for contravention of the Environment Act and the rules, orders and directions) read with 16 (offences by companies) of the Environment Protection Act, 1986.]]></description>
			</item><item>
            <title><![CDATA[Welcome To Walmart]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12449</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 25 Nov 2011 06:05:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Defying stiff opposition from various quarters and sending a bold pro-reforms signal, the UPA government on Thursday approved 51% foreign direct investment (FDI) in multi-brand retail and allowed 100% foreign ownership in single-brand retail, up from the current 51%. The decision came after a two-and-half-hour Cabinet meeting which was marked by heated exchanges. After the meeting, food minister KV Thomas confirmed the decision. The government will make a formal statement in Parliament on Friday. In an atmosphere vitiated by corruption charges, economic slowdown and policy paralysis, Thursday’s decision helps the UPA refurbish its sullied image.]]></description>
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            <title><![CDATA[&#039;Draft Realty Bill will lead to harassment&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12448</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 25 Nov 2011 06:04:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Terming the draft real estate Bill to regulate the sector as a &#039;Public Amusement and Developer Harassment Bill&#039;, realtors today said government must come up with a comprehensive and efficient alternative. &quot;The Bill in the current form is nothing but &#039;Public Amusement and Developers Harassment Bill&#039;,&quot; Confederation of Real Estate Developers&#039; Association of India (CREDAI) President Lalit Jain said at a real estate conclave here.]]></description>
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            <title><![CDATA[SBI cuts home loan pre-payment penalty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12447</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 25 Nov 2011 06:03:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- India&#039;s largest lender State Bank of India (SBI) has decided to abolish pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their accounts. The bank has been charging pre-payment penalties only on housing loans with floating interest rates taken before May 2011, the official said. It has been charging about 2 per cent of the outstanding amount as penalty if borrowers opted to foreclose their loans.]]></description>
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            <title><![CDATA[Cabinet to discuss FDI in retail today  -Bid To Allay Fears Of Policy Logjam]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12446</link>
			<source>The Times of India</source>
			<pubDate>Thu, 24 Nov 2011 06:23:28 +0530</pubDate>
			<description><![CDATA[The Times of India- Keen to remove the perception of policy paralysis,the Union Cabinet on Thursday is set to take up two long-pending reforms allowing foreign retailers to open stores in India and rewrite the 55-year-old Companies Act. But it is FDI in retail that is being watched more closely as the department of industrial policy and promotion (DIPP) is piloting a proposal to permit the likes of Wal-Mart and Tesco to set up stores through joint ventures where they hold up to 51% stake.]]></description>
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            <title><![CDATA[Poor planning hurting cities: Selja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12445</link>
			<source>The Times of India</source>
			<pubDate>Thu, 24 Nov 2011 06:22:20 +0530</pubDate>
			<description><![CDATA[The Times of India- Realty experts and others who attended the Economic Times Realty Convention 2011 on Wednesday,generally agreed that the pace of growth in residential and commercial segments in the real estate sector in Delhi and NCR has been stupendous. Minister of housing and urban poverty alleviation and Minister of Culture,Kumari Selja,talked about massive urban deterioration in cities like Mumbai and Delhi.]]></description>
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            <title><![CDATA[Repay SBI Home Loans Sans Penalty -Move to end discrimination between borrowers, will force other lenders to review strategies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12444</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 24 Nov 2011 06:20:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s largest lender State Bank of India has decided to waive pre-payment charges on home loans linked to both floating and fixed rates and for old and new customers, signalling an end to the practice of discriminating between borrowers and possibly forcing other lenders to follow suit. The executive committee of the bank which met a few days ago took this decision to waive pre-payment charges effective November 21, a senior official in the bank said. This will make it the only home loan provider which does not charge any fee from customers who decide to repay their home loans before the end of the loan term. Banks and other HFCs charge between 2-4 % as pre-payment penalty on the loan outstanding if a borrower settles the full payment before maturity by switching over to another lender.]]></description>
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            <title><![CDATA[Real estate roars!: Check out the hiring trends in this industry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12443</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 24 Nov 2011 06:19:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- With the real estate sector growing exponentially each day, there are now a plethora of career opportunities for working professionals. Here is a look at this flourishing industry and the hiring trends it is seeing presently. The real estate sector in India is on a growth path. The development in the real estate market encompasses growth in both commercial and residential spheres. During 2010-11 , the Indian real estate and housing sectors received US$ 1.12 billion in foreign direct investment (FDI), according to the Department of Industrial Policy and Promotion India (DIPP).]]></description>
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            <title><![CDATA[Real estate: Eurozone crisis and its effect on Indian property market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12442</link>
			<source>Daily Bhaskar</source>
			<pubDate>Thu, 24 Nov 2011 06:17:56 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- In 1962, Edward Lorenz, the renowned mathematician from Massachusetts Institute of Technology, published a paper on Deterministic Non-periodic Flow in the Journal of Atmospheric Sciences. His premise was simple. Lorenz believed that linear forecasting models are not successful in predicting weather, as atmospheric phenomena in themselves are non-linear and complex.]]></description>
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            <title><![CDATA[But limit realty exposure]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12441</link>
			<source>Business Standard</source>
			<pubDate>Thu, 24 Nov 2011 06:16:25 +0530</pubDate>
			<description><![CDATA[Business Standard- Heavy selling by foreign institutional investors (FIIs) has added to the woes of real estate companies, already in the doldrums. The two biggest losers of FII confidence in the last six months are Mumbai-based realty players Indiabulls Real Estate (Ibrel) and Orbit Corporation. Indiabulls Real Estate, the Mumbai-based realtor with investment from steel baron Lakshmi Niwas Mittal, has seen a steady rise in its FII selling in the last three quarters. At the end of March, FIIs held a 53.7 per cent stake in the company, which has fallen to 45.33 per cent in the September quarter. The heavy selling by institutional investors has battered the stock, too.]]></description>
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            <title><![CDATA[Land acquisition bill diluted: Saxena writes to Ramesh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12440</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 24 Nov 2011 06:14:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Claiming that the Land Acquisition and Relief &amp; Rehabilitation (LARR) Bill introduced in Parliament is quite different from what was agreed upon by the Jairam Ramesh-headed rural development ministry, National Advisory Council (NAC) member NC Saxena has said that several new clauses have been added under pressure, which dilutes the benefits that were originally intended for the affected people.]]></description>
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            <title><![CDATA[Farmers plan protest against land bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12439</link>
			<source>The Times of India</source>
			<pubDate>Wed, 23 Nov 2011 06:26:23 +0530</pubDate>
			<description><![CDATA[The Times of India- Farmers from nearby states are planning to troop to Delhi on Friday to protest against key provisions of the Land Acquisition Amendment Bill. The Kissan Mahasangh, a federation of farmers from Haryana, Uttar Pradesh and Madhya Pradesh, alleged on Tuesday that these provisions are anti-farmer and have been incorporated to favour corporates and industrialists.]]></description>
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            <title><![CDATA[Provisional colonies: 125 fail govt’s eligibility test]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12438</link>
			<source>The Times of India</source>
			<pubDate>Wed, 23 Nov 2011 06:25:20 +0530</pubDate>
			<description><![CDATA[The Times of India- A massive land scam seems to have come to light, with at least 125 of 1,218 colonies granted provisional certificates for regularization failing the eligibility test: they did not fulfill the criteria of mandatory built-up area. The colonies were given provisional certificates just ahead of the 2008 assembly polls following a political directive and based on submission of documents by RWAs. With the guidelines waiving ground-level verification of RWA claims till after the election, the scale of irregularities is only now coming to light.]]></description>
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            <title><![CDATA[China bubble a global concern]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12437</link>
			<source>Asia Times</source>
			<pubDate>Wed, 23 Nov 2011 06:23:49 +0530</pubDate>
			<description><![CDATA[Asia Times- China&#039;s economy has been growing at a phenomenal pace in recent decades, averaging around 10% a year. Few people seemed to worry, therefore, when the Chinese government announced recently that gross domestic product (GDP) growth in the third quarter of 2011 slowed to &quot;only&quot; 9.1% . Almost any country would envy such growth. Yet beneath the continued robust appearances, there are signs that China is heading toward a crash reminiscent of the one that brought down the United States economy during 2007-2008.]]></description>
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            <title><![CDATA[Realty Bill must cover more ground]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12436</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 23 Nov 2011 06:21:59 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Real Estate Regulatory Bill, 2011 in its draft form (the draft Bill) seeks to single-mindedly tame rapacious builders. It contains all the right provisions, garnered painstakingly from the experience of gullible buyers —compulsory registration of the builder with the appropriate Real Estate Regulatory Authority (RERA), furnishing of all sanctions, deposit into an escrow account of at least 70 per cent of collections from the buyers, uploading of all the necessary information on the website of the RERA, as opposed to the private website of the builder.]]></description>
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            <title><![CDATA[US realtor Portman Holdings buys ICICI Venture&#039;s stake in local project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12435</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 23 Nov 2011 06:20:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- US-based real estate investor, Portman Holdings, has bought out ICICI Ventures&#039; stake in an on-going housing project of the Pune-based Kolte Patil Developers Ltd. This is Portman&#039;s second investment in the listed real estate developer, the first having been a 49% stake in an SPV Bellflower Properties for a development called Margosa.]]></description>
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            <title><![CDATA[Real Estate: Tough times continue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12434</link>
			<source>Business Standard</source>
			<pubDate>Wed, 23 Nov 2011 06:19:59 +0530</pubDate>
			<description><![CDATA[Business Standard- There’s more pain in store for the rate cyclicals, given that the interest rate cycle is not turning around anytime soon. But within the rate sensitive sectors, real estate is probably the worst hit. In the second quarter, 14 listed real estate companies posted a mere 3.1 per cent year-on-year growth in revenues but a 22.7 per cent fall in profits, says Edelweiss Financial Services. Rising input costs and interest burden are the main culprits.]]></description>
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            <title><![CDATA[Property prices go down across nine cities in September quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12433</link>
			<source>Business Standard</source>
			<pubDate>Wed, 23 Nov 2011 06:19:14 +0530</pubDate>
			<description><![CDATA[Business Standard- The National Housing Bank’s Residex, which tracks residential property prices across 15 cities, has shown a sure sign of demand slowing. Property prices in nine cities dropped in the September quarter, while two cities experienced falling prices in the previous quarter. The number of cities with property rates rising was down to six in the second quarter, against 12 earlier, according to the NHB index.]]></description>
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            <title><![CDATA[Crazeal.com to offer discount deals for real estate purchases]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12432</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:18:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Crazeal, the India unit of group buying site Groupon, has partnered with real estate developer RCL Homes to offer discount on purchase of a property in Karjat in Maharashtra. &quot;This is the first time any bulk-buying website is offering a deal which offers a discount of Rs 1.02 lakh for a for a property in Karjat, which is a popular weekend getaway destination near Mumbai,&quot; Crazeal CEO Ankur Warikoo said.]]></description>
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            <title><![CDATA[&#039;Housing prices spike in Mumbai, Chennai, Pune&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12431</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:17:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Prices of residential properties shot up significantly in six cities, including Pune, Chennai and Mumbai, while there was a decline in nine during the second quarter 2011-12 year-on-year, the National Housing Bank said. As per the NHB&#039;s Residex index for the July-September quarter, residential housing prices in Pune went up by 13 per cent year-on-year, followed by an increase of 9 per cent in Chennai and 7 per cent in Mumbai.]]></description>
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            <title><![CDATA[Absorption of total commercial space in Chennai to go up 9%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12430</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:16:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- A survey by leading global estate consultant Cushman and Wakefield has said that absorption of total commercial space in Chennai would go up by nine per cent by this year end at 4.2 million square feet. Though there was lesser supply of commercial space this year compared to last year, the absorption rate would be more, Anugar Mathur, Company Managing Director said.]]></description>
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            <title><![CDATA[DDA constructing 70,000 flats in capital]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12429</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:15:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi Development Authority (DDA) is constructing 70,160 flats in various areas of the capital such as Dwarka, Rohini, Narela, Kathputli Colony and Kalkaji Extension, Minister of State for Urban Development Saugata Roy told Lok Sabha today. In a written reply to a question on construction of flats by the DDA, he said, &quot;The proposal for construction of flats at Kalkaji Extension and Kathputli are for in-situ rehabilitation for slums and JJ cluster.&quot;]]></description>
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            <title><![CDATA[Gujarat realty sector in trouble: Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12428</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:14:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Steady rise in the price of construction material, like cement, steel, bricks, coupled with a shortage of skilled labourers, has hit the realty sector in Gujarat, an office-bearer of state-Credai said. Vice President of Gujarat unit of Confederation of Real estate Developers Associations of India (Credai), Vipul Thakkar said, due to the soaring raw material prices, shortage of labour and other factors, construction projects across Gujarat are getting either delayed, cancelled or stalled.]]></description>
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            <title><![CDATA[Boon to workers as SC upholds &quot;cess&quot; on construction industry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12427</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:13:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a boon to millions of workers in the construction industry, the Supreme Court has upheld the validity of Parliament&#039;s decision to levy special cess on builders and contractors to create a corpus fund for providing welfare measures to the unorganised sector.The Delhi High Court had earlier dismissed their plea challenging the cess levied under the Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996.]]></description>
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            <title><![CDATA[Registrar Cooperative Societies appears before Delhi HC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12426</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:11:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Registrar of Cooperative Societies today told the Delhi High Court that he has already approved the names of some members for allotment of flats in a group housing society at Dwarka, but there has been some inadvertent delay in issuing the eligibility letter to them. The Registrar made the submission while appearing before the bench of justices Pradeep Nandrajog and S P Garg in response to its earlier summons to explain the delay in allotment of flats to eligible members of various group housing societies, awaiting the allotment for long.]]></description>
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            <title><![CDATA[&#039;50+% London&#039;s offices foreign owned&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12425</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Nov 2011 06:10:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- British investors own less than half the office properties in London&#039;s City financial hub, with foreign ownership of towers such as the Gherkin likely to continue, a report said. Property company Development Securities said 52 percent of City office blocks were foreign owned in 2011, up from 8 percent in 1980, with German and U.S. investors hiking their stakes considerably over that period.]]></description>
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            <title><![CDATA[US Realtor Buys ICICI Venture’s Stake in Local Project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12424</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 22 Nov 2011 06:40:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- US-based real estate investor, Portman Holdings, has bought out ICICI Ventures’ stake in an on-going housing project of the Pune-based Kolte Patil Developers Ltd. This is Portman’s second investment in the listed real estate developer, the first having been a 49% stake in an SPV Bellflower Properties for a development called Margosa.]]></description>
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            <title><![CDATA[Proposed real estate bill brings confidence to consumers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12423</link>
			<source>The Times of India</source>
			<pubDate>Tue, 22 Nov 2011 06:39:36 +0530</pubDate>
			<description><![CDATA[The Times of India- The central government&#039;s draft real estate (regulation &amp; development) bill, 2011 has special significance for Pune as the city has added 63,49,667 sq m in floor area of construction in 2010 and continues to grow rapidly. However, it is fraught with complaints and disputes between property developers and buyers.]]></description>
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            <title><![CDATA[FDI in retail: Mall owners hopeful]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12422</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 22 Nov 2011 06:38:17 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The yawning spaces in empty malls may finally fill up if foreign investors are allowed to enter multi-brand retail. Mall developers are keenly following the policy signals that would have a trickle-down effect on the demand for shopping space. Also, allowing more foreign investment in the single-brand retail business will be an added sweetener for the commercial property market which has been facing oversupply issues.]]></description>
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            <title><![CDATA[Realty giants stall mall projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12421</link>
			<source>The Times of India</source>
			<pubDate>Tue, 22 Nov 2011 06:37:22 +0530</pubDate>
			<description><![CDATA[The Times of India- Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes, leaving some retailers worried about their expansion plans. This, ironically, might coincide with India&#039;s plans to open up multi-brand retail to foreign direct investment (FDI) and allow single-brand retail operations to be 100% foreign owned.]]></description>
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            <title><![CDATA[Panchshil inks MoU with Korean firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12420</link>
			<source>Business Standard</source>
			<pubDate>Tue, 22 Nov 2011 06:35:48 +0530</pubDate>
			<description><![CDATA[Business Standard- City-based Panchshil Realty has entered into a memorandum of understanding (MoU) with Korean company Hanmi Global Co Ltd for the formulation of a business arrangement by which both parties would jointly pursue and perform consultancy services for project management (PM) and construction management (CM) services for construction and infrastructure projects in India.]]></description>
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            <title><![CDATA[Piramal Group plans to lend $193 million to real estate in FY12]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12419</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 22 Nov 2011 06:31:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s Piramal Group plans to lend 7.5 billion to 10 billion rupees ($145 million to $193 million) to real estate projects in this fiscal year to March through its newly set up non-banking financial company. The diversified group is also looking to raise its research and development spend by Piramal Healthcare to 2 billion rupees in the next financial year from 1.5 billion rupees this year.]]></description>
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            <title><![CDATA[INTERVIEW: SHEILA DIKSHIT, Circle rates may be increased every year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12418</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 22 Nov 2011 06:30:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi government is firing on all cylinders to maximise revenues. It has recently increased power tariffs by 22%, while hikes in circle rates for land and water tariffs are also proposed to be made an yearly affair.]]></description>
			</item><item>
            <title><![CDATA[Piramal to boost financial business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12417</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 22 Nov 2011 06:29:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Diversified Indian conglomerate Piramal Group plans to lend up to $193 million to real estate projects in the current fiscal year to March as it focuses on building its newly launched financial arm. The group also aims to set up a team by the end of March to look for opportunities to fund large projects such as power and road construction, sectors in which the government is hoping to rope in private-sector participation in a big way.]]></description>
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            <title><![CDATA[Realty giants stall mall projects-Big Openings Unlikely In Run-Up To Foreign Investment In Multi-Brand Retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12416</link>
			<source>The Times of India</source>
			<pubDate>Mon, 21 Nov 2011 06:07:08 +0530</pubDate>
			<description><![CDATA[The Times of India- Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes,leaving some retailers worried about their expansion plans. Many of the big ongoing mall projectslike Atul Ruias Pheonix Market City malls,DLFs Mall of India in Noida,Dubai-based Lulus mall in Kochi,and L&amp;Ts Elante Mall in Chandigarh are expected to open in the first three quarters of next year.This leaves retailers and brand owners,who have bet on the malling experience,with little visibility on store expansion beyond December 2012.]]></description>
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            <title><![CDATA[Real Estate Bill is balanced]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12415</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 21 Nov 2011 06:05:40 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The draft real estate Bill calls for stringent disclosure norms and mandatory registration for every new housing project. The legislation could lead to a major overhaul of the real estate sector and curb unfair practices. Builders, however, argue that some provisions in the Bill — including one that stipulates up to three-year imprisonment for not registering projects — are too harsh.]]></description>
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            <title><![CDATA[Bangalore realty segment perks up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12414</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 21 Nov 2011 06:04:41 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate developers especially in Bangalore, who suffered a setback in 2009 and 2010 consequent to the global recession, have much to cheer this year. After 2006-07, which is considered as the peak year as far as the Bangalore real estate market is concerned, 2011-12 is the year which has seen the maximum number of residential project launches. In 2008-09 and 2009-10, not many projects were launched in this city.]]></description>
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            <title><![CDATA[CREDAI opposes munificence of the new Rehabilitation &amp; Resettlement Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12413</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 21 Nov 2011 06:03:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- CREDAI has opposed the munificence of the new R&amp;R Bill to farmers and said if the bill is enacted, the construction industry would become an unviable proposition. The Confederation of Real Estate Developers&#039; Association of India (CREDAI) criticized various provisions of the proposed Land Acquisition and Rehabilitation &amp; Resettlement (R&amp;R) Bill in a presentation before its standing committee of Parliament. The association said that the provision of R&amp;R for a private project above 50 acres would severely restrict the supply of land for organized housing.]]></description>
			</item><item>
            <title><![CDATA[Prestige Estates a good realty play]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12412</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 21 Nov 2011 06:02:39 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Prestige Estates Projects Limited, the south-India based real estate developer, continues to witness steady sales momentum despite a challenging macro-environment, and would benefit from higher revenue realisations in the coming quarters. Prestige Estates Projects is engaged in the leasing and development of projects in residential, commercial, hospitality, and retail segments in India. Established 25 years back, the company has created a strong brand presence by completing nearly 161 projects over a developable area of 45.82 million square feet.]]></description>
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            <title><![CDATA[Labour woes, rising costs hit realty firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12411</link>
			<source>Business Standard</source>
			<pubDate>Mon, 21 Nov 2011 06:01:01 +0530</pubDate>
			<description><![CDATA[Business Standard- The shortage of labour, a fund crunch, high interest rates and steep input costs have hammered the net profits of major real estate developers in the second quarter. While developers are saying the scenario is challenging, analysts feel a revival is unlikely in the next three to six months. DLF Ltd recorded an 11 per cent decline in net profit, while that of Unitech dipped by 46.83 per cent, Parsvnath 41.5 per cent, HDIL 23 per cent, and DB Realty by as much as 89 per cent, compared with net profits in the corresponding period last year.]]></description>
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            <title><![CDATA[Realtors say new law will stifle funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12410</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Nov 2011 06:00:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- The proposed Real Estate (Regulation &amp; Development) Bill will make purchase and sale in real estate more transparent, experts say, but developers complain that the recommendations to keep bulk of customer collections in a bank escrow account and a three-year jail term for violating builders are hard to digest.]]></description>
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            <title><![CDATA[DLF moves HC against SEBI order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12409</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Nov 2011 05:59:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF Limited has moved the Delhi High Court challenging the order of market regulator SEBI to probe accusations by a Delhi-based businessman that he was duped of Rs 34 crore by the realty major and its alleged associate firm Sudipti Estates. The construction major said SEBI&#039;s order was passed &quot;erroneously and in blatant non-compliance with the principle of natural justice&quot;.]]></description>
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            <title><![CDATA[ISHRAE to focus on green buildings in Ahmedabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12408</link>
			<source>Business Standard</source>
			<pubDate>Mon, 21 Nov 2011 05:57:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Taking its green building movement further in Gujarat, the Indian Society for Heating Refrigeration and Air-conditioning Engineers (ISHRAE) said it will focus on high performance energy homes and offices in Ahmedabad. Even while the realty sector in Ahmedabad is witnessing a slow growth, ISHRAE is banking on increased need for high performance buildings of corporates.]]></description>
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            <title><![CDATA[Real estate in real trouble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12407</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Nov 2011 05:56:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Indian real estate sector is passing through an inflection phase. Higher interest rates, rising inventory levels and tightening of liquidity have impacted the capital availability of developers and are resulting in widespread delays in the construction of residential projects across segments. Even in the commercial segment, which accounts for nearly 40% of gross asset value of large developers, rising vacancies since 2008 have affected rental income.]]></description>
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            <title><![CDATA[Land Bill-heart vs head]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12406</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Nov 2011 05:55:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Land Acquisition, Rehabilitation &amp; Resettlement Bill, 2011, tabled in Parliament on September 7, remains a mixed bag for both industry and project-affected families, though it is an improvement over the archaic Land Acquisition Act, 1894. To begin with the industry perspective, a key feature of the Bill, which is a significant departure from the earlier practice, is that it would enable purchase of land by the private sector directly from the landowner, without government intervention. One only needs to file an application with the district collector, notifying him of intent to purchase and provide compensation plus the resettlement and rehabilitation (R&amp;R) benefits within the ambit of the Bill. What’s more, this would not entail the consent of 80% of the affected families as required for government acquisition of land for public purpose.]]></description>
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            <title><![CDATA[Unitech inks sale of over 300 homes worth Rs 250 cr in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12405</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Nov 2011 05:55:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Unitech today said it has notched up a sale of over 300 housing units worth Rs 250 crore under a recently launched project at Gurgaon. Group housing project &#039;Crestview&#039; is a part of the 500-acre integrated township that the company is developing in Gurgaon, Haryana.]]></description>
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            <title><![CDATA[REDEVELOPMENT PLAN FOR DELHI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12404</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Nov 2011 08:54:37 +0530</pubDate>
			<description><![CDATA[The Times of India- A draft redevelopment plan for Delhi has been approved by the MCD and has been forwarded to the DDA for approval.Once the plan is OKd,it will act as a base for redeveloping any property within the defined special area of Master Plan of Delhi-2021.]]></description>
			</item><item>
            <title><![CDATA[NEXT BIG THING IN GURGAON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12403</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Nov 2011 08:35:17 +0530</pubDate>
			<description><![CDATA[The Times of India- M3 M India Ltd has developed high-end real estate projects in Gurgaon and the NCR.From the 7-star luxury golf resort residences,M3M Golf Estate,to M3M Polo Suites and the recent Singapore-style M3M Merlin,the firm has covered a lot of ground and is looking into new arenas of development. Recently,a team of M3M architects visited the fashion capital of Italy,Milan.Impressed by the blend of fashion,style and nature there,they proposed to develop a fine,top-class project in the likeness of the citys attitude.]]></description>
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            <title><![CDATA[R&amp;R BILL IS NOT PRACTICAL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12402</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Nov 2011 08:34:27 +0530</pubDate>
			<description><![CDATA[The Times of India- CREDAI has opposed the munificence of the new R&amp;R Bill to farmers and said if the bill is enacted,the construction industry would become an unviable. The Confederation of Real Estate Developers Association of India (CREDAI) criticized various provision of the proposed Land Acquisition and Rehabilitation &amp; Resettlement (R&amp;R ) Bill in a presentation before its standing committee of Parliament.The association said that the provision of R&amp;R for a private project above 50 acres would severely restrict the supply of land for organized housing.]]></description>
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            <title><![CDATA[Compensation burden on builders decided]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12401</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Nov 2011 08:22:49 +0530</pubDate>
			<description><![CDATA[The Times of India- The Greater Noida Authority has finally decided on the quantum of the enhanced compensation paid to farmers that will have to borne by private developers who will be undertaking housing projects in the region. The decision was taken on Friday after a lot of speculation and the Authority has decided to offset a considerable part of the burden. The developers will now have to pay an extra Rs 2,015 per sqm to the Authority.]]></description>
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            <title><![CDATA[ISHRAE to focus on green buildings in Ahmedabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12400</link>
			<source>Business Standard</source>
			<pubDate>Sat, 19 Nov 2011 08:21:59 +0530</pubDate>
			<description><![CDATA[Business Standard- Taking its green building movement further in Gujarat, the Indian Society for Heating Refrigeration and Air-conditioning Engineers (ISHRAE) said it will focus on high performance energy homes and offices in Ahmedabad.]]></description>
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            <title><![CDATA[Phoenix Mills refinances loans, sells office space to cut debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12399</link>
			<source>Business Standard</source>
			<pubDate>Sat, 19 Nov 2011 08:19:43 +0530</pubDate>
			<description><![CDATA[Business Standard- Phoenix Mills Ltd is refinancing loans and selling office properties in its upcoming mixed-use projects. For, the company that runs the well-known shopping destination called High Street Phoenix in the country’s commercial capital wants to reduce its debt burden in them.]]></description>
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            <title><![CDATA[Mumbai apartment sold for Rs 53 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12398</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Nov 2011 08:18:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- An apartment located in the prime area of Pedder Road, measuring about 6,000 square feet, was sold for Rs 53 crore at an average cost of Rs 88,300 per square foot. The location of the resale property has easy accessibility to CBD, SCBD and other office locations. A fully furnished beach villa (independent house), spread over 4,500 square feet, on East Coast Road was leased for Rs 1.1 lakh per month. The location has been witnessing a lot of interest from buyers as well as those seeking rental accommodation, as it is strategically located by the sea on the road connecting to major upcoming office locations.]]></description>
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            <title><![CDATA[US&#039;s South Bombay property has Rs 850 crore base price]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12397</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Nov 2011 08:17:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- The United States government has set a reserve price of Rs 850 crore for its two-acre, sea-facing consulate building, Lincoln House, at Breach Candy. For its two-storey residential property, Washington House at Altamount Road, the minimum price has been fixed at Rs 350 crore, said the bidding memorandum issued to prospective buyers by DTZ international property advisors, retained by the US government as its exclusive representative to find buyers for these two prime south Mumbai properties.]]></description>
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            <title><![CDATA[Three mega infra projects worth Rs 25,000 cr cleared]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12396</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Nov 2011 08:15:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government on Friday gave regulatory clearances to three mega infrastructure projects involving an investment of Rs 25,000 crore. These are the first among a few projects the government has shortlisted to be put on a fast track. The projects cleared on Friday were of Hinduja National Power Corporation Ltd in Vishakhapatnam, L&amp;T Metro Rail (Hyderabad) Ltd, and Simhapuri Expressways Ltd in Andhra Pradesh. These had been held up because of regulatory bottlenecks.]]></description>
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            <title><![CDATA[4 Factors You must Consider Before Buying a Residential Property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12395</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 Nov 2011 06:26:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- There is a school of thought that states you should buy a home as soon as you can afford it, or as soon as your home loan application is approved. In fact, the only question one tends to ask in context with home buying is whether property prices and interest rates are amenable at that point in time or not. On the surface, this makes sense. However, not all surfaces are reliable mirrors.]]></description>
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            <title><![CDATA[Indian infrastructure’s global competitiveness under threat: S&amp;P]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12394</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 18 Nov 2011 06:25:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Lack of adequate infrastructure for transportation and inability to source funding for the development projects are expected to hinder India’s global competitiveness, says a Standard &amp; Poor’s report.]]></description>
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            <title><![CDATA[RICS unveils Real Estate and Construction Professionals in India by 2020&#039; report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12393</link>
			<source>India Infoline News Service</source>
			<pubDate>Fri, 18 Nov 2011 06:23:42 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- With this background, RICS commissioned this research to study the demand of real estate and construction professionals over the next decade RICS unveiled its research report ‘Real Estate and Construction Professionals in India by 2020’. Given the potential future growth of the real estate, construction and infrastructure sectors, the industry is believed to be facing a considerable shortage of manpower, which may impede India’s growth aspirations.]]></description>
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            <title><![CDATA[Few takers for Rajarhat&#039;s urban hell]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12392</link>
			<source>Business Standard</source>
			<pubDate>Fri, 18 Nov 2011 06:22:16 +0530</pubDate>
			<description><![CDATA[Business Standard- The lack of basic amenities such as power and water in this much-vaunted township project in Kolkata has caused new unit sales to plummet. Sangeeta Das, can&#039;t stop lamenting her fate since she came to reside at New Town, Rajarhat—eastern suburb of Kolkata, an up and coming satellite city that is an hour by car from downtown Kolkota.]]></description>
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            <title><![CDATA[Now, pay property tax through mobile in Rajkot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12391</link>
			<source>Business Standard</source>
			<pubDate>Fri, 18 Nov 2011 06:21:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Rajkot Municipal Corporation (RMC) has become the first municipal corporation in Gujarat to introduce property tax collection through mobile phones. RMC has joined hands with Atom Technologies, a leader in providing mobile commerce (m-commerce) solutions, for implementing its mobile payment and IVR payment platforms.]]></description>
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            <title><![CDATA[Mumbai property registrations fall 25%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12390</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 18 Nov 2011 06:20:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- Property sales registrations in Mumbai for October fell 25% at 4,633 from the previous year, according to the data sourced from the Director General of Registrations, Mumbai. There were 6,200 registrations in October 2010, data released by Mumbai-based brokerage Prabhudas Lilladher showed.]]></description>
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            <title><![CDATA[India&#039;s infrastructure sector needs $1 trillion investment in 12th Plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12389</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 Nov 2011 06:18:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s infrastructure sector will require investment of about USD 1 trillion in the 12th Five Year Plan, double the amount envisaged in the ongoing plan period, a report says. According to a report &#039;Real Estate and Construction Professionals in India by 2020&#039; by realty consultant Jones Lang LaSalle, investment in infrastructure during 2007-12 is USD 500 billion.]]></description>
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            <title><![CDATA[Ghaziabad World’s Second Fastest Growing City ,Surat and Faridabad too figure in top 10 of list by City Mayors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12388</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 Nov 2011 06:40:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- Indian cities overwhelmingly dominate a new list of the world’s fastest-growing 100 cities in terms of urbanisation, with three leapfrogging to the top 10 and 22 others figuring prominently in a crop of boomtowns usually reserved for those in China. Ghaziabad occupies the second, Surat fourth and Faridabad eighth slots in the list presented by City Mayors, a global think-tank that studies urban affairs to promote good governance.]]></description>
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            <title><![CDATA[Falling demand softens commercial property in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12387</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 Nov 2011 06:39:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- The commercial property market in the country&#039;s financial capital is veering towards a massive slowdown, with falling demand, rising vacancy levels and a scary oversupply. Rising economic uncertainty around the globe is forcing international financial companies to put their India expansion on hold, hitting realtors in Mumbai. At the end of the September quarter, total commercial space stock in Mumbai rose 14% from a year ago to 81.6 million sq ft.]]></description>
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            <title><![CDATA[The Changing Landscape -Real estate market turns innovative to lure home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12386</link>
			<source>Business Today</source>
			<pubDate>Thu, 17 Nov 2011 06:38:24 +0530</pubDate>
			<description><![CDATA[Business Today- The Indian real estate sector is in a state of flux with changing economic scenario and proposed real estate laws. In the evolving environment, both buyers and developers are embracing change. Developers are coming up with new formats of properties to capitalise on the changing environment. Buyers are also becoming more discerning and demanding better quality and services from the developers.]]></description>
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            <title><![CDATA[KP Singh’s grand birthday celebration]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12385</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 Nov 2011 06:36:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Real estate tycoon KP Singh&#039;s birthday bash took place on Tuesday night at Udaipur&#039;s Jagmandir, an island on Lake Pichola, and it was a night to remember.
On Monday, there was a strong buzz that Columbian pop star Shakira would be coming to India, but the Latino singer will not perform at the DLF honcho&#039;s birthday celebrations, and simply meet adolescent girls from impoverished parts of Udaipur as a UNICEF Goodwill ambassador instead.]]></description>
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            <title><![CDATA[VGG pitches penthouses in the heart of Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12384</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Nov 2011 06:35:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Van Gogh’s Garden is a premium project spread over half an acre of land near Cubbon Park. 14 duplex apartments and 3 single level penthouse apartments are open for customisations. Own a premium apartment or penthouse, customised to yo&shy;ur needs, in the middle of the city. Van Gogh’s Garden, a project comprising 17 individually designed ap&shy;artments of varying sizes is coming up on the Kasturba Road, opposite British Council Library. That it is closer to Cubbon Park and the central business areas of Bangalore, makes the deal even sweeter.]]></description>
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            <title><![CDATA[Vijay Shanthi launches project Boulevard]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12383</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Nov 2011 06:34:37 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Chennai-based property developers Vijay Shanthi Builders, in business for thr&shy;ee-decades now, has launched Boulevard, a residential project on the up and coming Vandalur-Kelambakkam Road that connects the manufacturing hub on the GST Road and the IT Corridor in Old Madras Road.]]></description>
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            <title><![CDATA[Waterview offers you a big slice of nature]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12382</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Nov 2011 06:31:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Rameswara Group’s latest project on the eastern fringes of Kolkata is being built in a 4.5-acre area, including a lake. A pleasing morning walk along a tree-lined large lake, amidst lush green landscape may no longer remain just a long cherished dream for the middle income group. Rameswara Wat&shy;er&shy;view, an upcoming residential complex at Rajarhat in the eastern fringes of the city promises to offer you the luxury of in-compound morning walks and many more at an affordable price.]]></description>
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            <title><![CDATA[Shrinking realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12381</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Nov 2011 06:30:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Boom time is certainly a long way off for property developers. A close look at the stock exchange-listed players show how ever-shrinking demand has eroded profit margin. Despite increasing demand and higher property prices in some markets such as Mumbai and New Delhi, India’s real estate market is shrinking. Property developers are reporting a steady decline in their revenues and profits. For one, the dormant markets in south India are not helping the situation. The RBI fiscal measures that have led to increase in both EMIs and interest rates have compounded the situation further. High commodity prices for steel, cement and increasing labour cost have added to the woes.]]></description>
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            <title><![CDATA[Realty firm Ozone raises Rs 500 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12380</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Nov 2011 06:29:15 +0530</pubDate>
			<description><![CDATA[Business Standard- Ozonegroup, the Bangalore-based realty developer, is raising a debt of Rs 500 crore from a consortium of banks led by State Bank of India (SBI) for its upcoming residential cum commercial township project - Ozone Urbana, near the Bangalore international airport (BIAL).
The company is investing Rs 3,000 crore on this new integrated township project, which is spread over 150 acres, S Vasudevan, managing director, Ozonegroup, said.]]></description>
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            <title><![CDATA[K P Singh&#039;s journey: From UP village to realty empire]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12379</link>
			<source>Business Standard</source>
			<pubDate>Wed, 16 Nov 2011 06:18:36 +0530</pubDate>
			<description><![CDATA[Business Standard- If a regulation can be changed by advocacy, it is doable, but if the law is to be broken to achieve something, it is not doable, writes K P Singh, chairman of DLF Ltd, the country’s largest realty developer, in his autobiography, Whatever the Odds. Singh was referring to an instance when through continuous networking with various ministries, the guidelines on the Urban Land (Ceiling and Regulation) Act were changed.]]></description>
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            <title><![CDATA[Unitech sells properties worth Rs 2,088 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12378</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 16 Nov 2011 06:17:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty major Unitech today said the company has sold 3.71 million sq ft of area worth Rs 2,088 crore and reduced its debt by nearly Rs 400 crore in the first half of this fiscal. In a presentation, the company said that it has launched nearly 6 million sq ft between April and September period of this fiscal.]]></description>
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            <title><![CDATA[New Advantage-5 not teaser loan, LICHF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12377</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 16 Nov 2011 06:16:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- LIC Housing Finance, an arm of country&#039;s largest insurer LIC, has approached the sector regulator NHB requesting it not to treat the company&#039;s New Advantage-5 product as a teaser loan scheme. &#039;New Advantage-5&#039; offers fixed interest rates on home loans for the first five years and floating rates thereafter, which are linked to prevailing prime lending rates.]]></description>
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            <title><![CDATA[India Inc caught Prime Minister Deve Gowda napping: K P Singh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12376</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 16 Nov 2011 06:15:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- Known for his habit of dozing off, India&#039;s former Prime Minister H D Deve Gowda was literally caught napping when industry leaders went to meet him to discuss the deteriorating state of the Indian economy, DLF Chairman K P Singh has recollected in his autobiography.]]></description>
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            <title><![CDATA[Godrej group not cutting property prices: Chairman Adi Godrej]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12375</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 15 Nov 2011 06:35:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej group sees better demand ahead in residential projects and is not cutting property prices, while it faces a slowdown in demand in its consumer durables business, Chairman Adi Godrej said on Monday.]]></description>
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            <title><![CDATA[K P Singh almost sold stake in DLF for Rs26 lakh in 1975]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12374</link>
			<source>The Times of India</source>
			<pubDate>Tue, 15 Nov 2011 06:34:30 +0530</pubDate>
			<description><![CDATA[The Times of India- After getting frustrated with urban development policy of the country, real estate baron and promoter chairman of DLF, KP Singh had almost sold the company in 1975. In his autobiography, &#039;Whatever the odds&#039;, released on Monday by former chairman of General Electric, Jack Welch, Singh said that he had almost sold his entire stake in DLF for a paltry sum of Rs 26 lakh in 1975.]]></description>
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            <title><![CDATA[No interest on EMIs of Noida Extn buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12373</link>
			<source>The Times of India</source>
			<pubDate>Tue, 15 Nov 2011 06:33:40 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers of Noida Extension have been granted some relief by the NCR unit of the Confederation of Real Estate Developers&#039; Associations of India (CREDAI) by directing all developers to not charge any interest on pending EMIs of those who have paid the 10 per cent booking amount till the projects become bankable again. However, those buyers who have just paid the token amount and not signed the agreements have been &quot;requested&quot; to book their flats and pay the 10 per cent booking amount soon.]]></description>
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            <title><![CDATA[Private equity players bet on realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12372</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 15 Nov 2011 06:32:55 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate private equity (PE) players have become a part of growth story since their entry into India in 2006. Their investment went up to $7.6 billion within a year from $1.2 billion. Subsequently, however, there has been a fall in their investment, primarily attributed to the global financial crisis. In the current calendar year so far, total investment from PEs was around $741 million.]]></description>
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            <title><![CDATA[CREDAI pooh-poohs NGOs&#039; allegation that RP favours builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12371</link>
			<source>The Times of India</source>
			<pubDate>Tue, 15 Nov 2011 06:31:58 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Association of India, ( CREDAI), Goa, has expressed surprise that NGOs are opposed to the Regional Plan 2021 by arguing that it accomodates the vested interest of builders and that it would promote mega housing projects in the state. CREDAI-Goa president Nilesh Salkar said that on the contrary, with the categorization of villages in VP 1 and VP 2 categories, reduction of FAR (floor area ratio) in the range from 50 to 60 for plots above 4,000 sq m, all development in villages will have to be necessarily low density projects with ground plus one structure.]]></description>
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            <title><![CDATA[&#039;Model Real Estate Regulation Act is not harsh on builders&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12370</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 15 Nov 2011 06:30:48 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- For buyers as industry stakeholders, the biggest advantage that the Model Real Estate Regulation Act offers is that there will be an arbitratory body available to attend to grievances and redressals. I do not agree with the general perception that the Model Real Estate Regulation Act is harsh on builders.]]></description>
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            <title><![CDATA[US real estate: Smart diversification option for HNIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12369</link>
			<source>The Times of India</source>
			<pubDate>Tue, 15 Nov 2011 06:29:54 +0530</pubDate>
			<description><![CDATA[The Times of India- In the last few months a number of interesting trends have emerged that point to the rise of the US real estate market as an attractive destination for international investors, and quite significantly wealthy Indian investors. According to a recent survey by the National Association of Realtors USA, for the 12 month period ending March 2011, foreigners purchased close to 4% of homes in the US. Of this, Indian buyers accounted for 7%.]]></description>
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            <title><![CDATA[Debt burden chokes realtors, profit margins hit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12368</link>
			<source>Business Today</source>
			<pubDate>Tue, 15 Nov 2011 06:29:03 +0530</pubDate>
			<description><![CDATA[Business Today- Rising cost of construction, depleting sales volumes and increasing interest burden on debt are hitting the margins of developers as they struggle with a fund crisis. India&#039;s top developers, including DLF, Unitech and Housing Development and Infrastructure Ltd (HDIL) are struggling with huge debt burdens.]]></description>
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            <title><![CDATA[Slippages in retail, real estate loans may impact banks&#039; profitability]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12367</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 15 Nov 2011 06:28:14 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The provisioning for pension liabilities and slippages in high growth loan portfolios in sensitive sectors such as retail and real estate sectors may impact the profitability of banks, cautioned the Reserve Bank of India. The pension liabilities of public sector banks and 10 old private sector banks were pegged at Rs 4,800 crore in 2010. The central bank has allowed them to amortise the liabilities over a period of five years.]]></description>
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            <title><![CDATA[Rise in loans to real estate, retail disproportionate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12366</link>
			<source>Business Standard</source>
			<pubDate>Tue, 15 Nov 2011 06:27:14 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) has pointed out banks’ disproportionate growth in loans to the commercial real estate sector, the retail segment and the infrastructure sector. Banks have also been found lending heavily to non-banking financial companies (NBFCs). The banking regulator, however, said there was no evidence of a credit boom in the economy, and that continuous monitoring was required for these sectors as the trend may lead to asset-liability mismatches.]]></description>
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            <title><![CDATA[Unitech&#039;s net profit at Rs 92.46 cr for Sept quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12365</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 Nov 2011 06:20:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate major Unitech today reported a 47 per cent decline in its consolidated net profit at Rs 92.46 crore for the quarter ended September 30, 2011. The consolidated net sales of the company fell by three per cent to Rs 626.06 crore in the second quarter of the current fiscal as against Rs 644.51 crore in the same period of the last fiscal.]]></description>
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            <title><![CDATA[Industry leaders oppose proposed land acquisition law]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12364</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 Nov 2011 06:19:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Asking the government to remove the trust deficit among various stakeholders on land-related issues, industry leaders today said the proposed law for land acquisition would act as a further setback for various industrial, infrastructure and urbanisation projects.]]></description>
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            <title><![CDATA[Sobha Q2 net profit down by 31%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12363</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 15 Nov 2011 06:18:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Sobha Developers today reported 30.56 per cent decline in net profit to Rs 40.9 crore for the quarter ended September on lower sales. The company had posted a net profit of Rs 58.9 crore in the year-ago period.]]></description>
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            <title><![CDATA[Will low-rise Delhi take to high living? -Slew Of Skyscrapers Could Change Capital’s Skyline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12362</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 Nov 2011 06:20:48 +0530</pubDate>
			<description><![CDATA[The Times of India- At Kathputli Colony near Patel Nagar in west Delhi, strings and puppets are making way for the capital’s tallest building. With a planned height of 190m, and 54 floors, Raheja Phoenix will not only be the city’s first true skyscraper (generally defined as a building taller than 150m) but also a sounding board for its elite’s residential preferences. In a city where garden bungalows are the height of aspirational living, and lower floors fetch a premium in residential towers, selling apartments worth crores at vertiginous heights might prove a challenge, feel experts. But they also believe the success of this project could be the longawaited stimulus for a gradual transformation of the city’s skyline.]]></description>
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            <title><![CDATA[A contract is always open to registration according to the Indian Contracts Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12361</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 Nov 2011 06:19:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- The first thing that a real estate agent in India tells you is that registration for sale of land and apartments has been shut down and that you have no option but to buy through the illegal, mindless and back door route of getting a general power of attorney to a plot of land, an apartment or commercial establishment . For one thing, this is incorrect. The law of the land allows you more than one way of registering a transaction. The Indian Contracts Act allows you to enter into a written contract with the buyer if you want to sell your land and then register the contract along with proof of execution of the said contract in a magistrate&#039;s court of law.]]></description>
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            <title><![CDATA[Systems developed for the real estate industry will make developers richer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12360</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 14 Nov 2011 06:16:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- The vehicle to ignore government taxes during a real estate transaction has been dubbed as the unofficially official vehicle for buying and selling land and houses by the Supreme Court. What? GPA, illegal? This is the general powerful agreement in the National Capital Region. Well, this is the classic case of getting drunk and then passing off liquor as health food. Analysis of the Supreme Court orders by legal experts is even more surprising. Instead of decrying the shoddy and half baked practice of using the power of attorney for sale of land, houses and apartments these so called experts are lionizing it and expressing shock at the move and lamenting the fact that number of transactions will fall.]]></description>
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            <title><![CDATA[Alok Ind in talks to sell Mumbai land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12359</link>
			<source>Business Standard</source>
			<pubDate>Mon, 14 Nov 2011 06:14:16 +0530</pubDate>
			<description><![CDATA[Business Standard- Textiles’ major Alok Industries has started talks with major corporate groups and high net worth individuals (HNIs) to sell its property at Peninsula Business Park in central Mumbai, after a hiatus in talks with global real estate funds. Alok’s talks with the US-based Tishman Speyer, the largest global real estate fund, failed due to valuation mismatch and regulatory concerns. According to earlier reports, the funds of Morgan Stanley and Singapore Government-owned GIC were also engaged in talks with Alok to acquire the property.]]></description>
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            <title><![CDATA[A harsh realty of City of Joy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12358</link>
			<source>The Times of India</source>
			<pubDate>Mon, 14 Nov 2011 06:13:22 +0530</pubDate>
			<description><![CDATA[The Times of India- Once the city of elegant bungalows steeped in history, the City of Joy is on the verge of turning into another Indian suburb sans character. Scores of stately villas that lined Elgin Road, Rowdon Street, Ballygunge, Prince Anwar Shah Road, Bhowanipore and Moore Avenue have been torn down in the past decade to make way for monolithic steel and concrete structures.]]></description>
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            <title><![CDATA[DLF&#039;s building contracts only for big firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12357</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:12:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- India’s largest real estate developer by market capitalisation, DLF Ltd, is changing its strategy on construction contracts. The company has decided to award contracts to major construction companies instead of mid-sized ones, to deal with the problem of labour shortage. Blaming this shortage for delay in production, Saurabh Chawla, executive director, said in a conference call, “Big construction companies have a more end-to-end responsibility; therefore, they will be able to harness labour better.”]]></description>
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            <title><![CDATA[LIC Housing Finance Q2 net down 58%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12356</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:11:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- LIC Housing Finance posted 58 per cent decline in net profit at Rs 98 crore for the second quarter ended September 30, on account of higher provisioning. The mortgage company had posted a net profit of Rs 234 crore in the year-ago period.]]></description>
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            <title><![CDATA[DDA to auction 63 residential plots]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12355</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:10:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi Development Authority, the capital&#039;s only land owning agency, is expected to get richer by another Rs 300 crore when it auctions 63 residential plots located in various parts of the city this week. The plots, located in areas like Vasant Kunj and Friends Colony, will be auctioned on Thursday and Friday at Vikas Sadan, the DDA&#039;s office at INA Market, with reserve price ranging from Rs 1 crore to 30 crore.]]></description>
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            <title><![CDATA[It’s boom time for Delhi NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12354</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:09:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- The national capital Delhi has become a hub of action for north India due to greater economic activity and the resulting migration. The real estate market in Delhi and NCR has shown remarkable growth after the recovery from the 2008-09 economic slowdown. With greater investment coming to the NCR, both office and retail space has seen heavy development especially in Delhi with its position of being the political hub of the country. Consequently with rising population influx the demand on the residential front has been ever increasing as well.]]></description>
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            <title><![CDATA[Greening our housing sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12353</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:08:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- One of the most important areas that global debates have focused on in the recent past is that of environmental sustainability. There are no two opinions that development in any form should be environmentally sustainable. In the particular context of construction, the volume in the country is humongous. In fact, over 50 per cent of the total budget in any of our Five Year Plans actually goes into construction of various components of infrastructure. Further, given the fact that we need around 24 million housing units, the impact is going to be huge and significant.]]></description>
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            <title><![CDATA[Rental income: not easy money]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12352</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 14 Nov 2011 06:07:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- Rental property, from a financial standpoint, stands at the top of the list of assets which one should own, as it promises a great deal of benefits. First and foremost, it guarantees you a certain amount of income every month after retirement . The rental property can surely provide the owner a steady source of income in his/ her later years, after the mortgages are paid off and if one stop working.]]></description>
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            <title><![CDATA[With Marine Drive, will Patna be the New Maximum City? -Nitish’s 40-km Ganga Driveway to improve city’s aesthetics, ease traffic]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12351</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 12 Nov 2011 08:06:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- Patna could soon get its own version of London’s famed Thames Path or Mumbai’s Marine Drive: a long, pleasant walk or drive on along the banks of the river Ganga. At 40 km, Patna’s Ganga driveway will be shorter than the Thames Path, which is 64 km long, but vastly longer than Marine Drive, which stretches a mere 3 km along the shore of the Arabian Sea. The finance ministry and Planning Commission have cleared the project, which will cost . 2,400 crore.]]></description>
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            <title><![CDATA[DON’T LET RISING RATE WORRY YOU]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12350</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 08:04:59 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India (RBI) has raised the key policy rates eight times in the last 12 months. Analysts predict another rate hike of around 50-75 basis points in a continued effort to rein in the inflation rate. Apart from taming down spiralling food and fuel costs, and containing the overall price increase, these measures also intend to aid banks in liquidity management. Also, the central bank takes adequate precautions so as to prevent the economic recovery and growth across sectors from derailing.]]></description>
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            <title><![CDATA[BRTS TO PUMP LIFE INTO EAST-WEST CORRIDOR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12349</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 08:04:15 +0530</pubDate>
			<description><![CDATA[The Times of India- The controversial East-West Corridor may finally see the light of the day with the PWD suggesting its integration with three new BRT corridors. “Parts of these three BRT corridors fall in the same route as the proposed the East-West Corridor and it has been suggested that the project be integrated with these corridors,” said a senior official of the public works department (PWD).]]></description>
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            <title><![CDATA[METRO TO CONNECT MORE NCR AREAS IN PH III]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12348</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 08:03:32 +0530</pubDate>
			<description><![CDATA[The Times of India- The NCR concept just got a shot in the arm. In a bid to connect the various parts of Delhi with the neighbouring areas of Bahadurgarh, Noida, Gurgaon as well as Faridabad, the Delhi Metro will be going further inside these NCR areas in the third phase of its network. While the detailed project reports (DPR) for the extensions to Gurgaon, Faridabad and Bahadurgarh are ready and have been sent to the ministry of urban development for approval, the alignment for extension to Noida’s sector 62 is still under finalization.]]></description>
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            <title><![CDATA[NEW ROUTE TO GURGAON TO EASE BOTTLENECKS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12347</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 08:02:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi-Gurgaon commuters can expect a smoother ride in a few years’ time, with planners proposing a new 2.7km road connecting the Mehrauli-Mahipalpur Road to the NH-8 junction near Shiv Murti that would provide a third link to the Millennium City and also ease traffic to Dwarka. The proposed 60- to 75-metre-wide track is expected to be built under the ‘urban relief road’ concept introduced in Master Plan Delhi 2021 for providing quick solutions to clear bottlenecks.]]></description>
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            <title><![CDATA[WORK MUST RESTART NOW!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12346</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 08:00:38 +0530</pubDate>
			<description><![CDATA[The Times of India- Builders in the Noida Extension want the authority to take all the necessary measures, so that they could restart construction work on their projects. This, they say, will enable them to deliver the projects on time. Builders are also demanding that the authority waive interest payment on the outstanding amount that they have to pay for the land allotted to them.]]></description>
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            <title><![CDATA[UDD asks for report on redevelopment of old buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12345</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 07:59:23 +0530</pubDate>
			<description><![CDATA[The Times of India- State Urban Development Department (UDD) principal secretary T C Benjamin on Friday asked municipal corporations in the state to submit a detailed report on redevelopment of dilapidated buildings constructed before 30 years ago. Speaking to a delegation of CREDAI members in Pune, Benjamin said municipal corporations need to take review of redevelopment of buildings which are 30 or more years old. Also, buildings which are not 30 years old but need redevelopment should be reviewed and municipal corporations should submit a report of the same within the next fifteen days.]]></description>
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            <title><![CDATA[Kumari Selja unveils Draft Real Estate (Regulation &amp; Development) Bill, 2011, Draft Model Property Rights to Slum Dwellers Act, 2011 and Central Legislation for Street Vendors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12344</link>
			<source>press information bureau</source>
			<pubDate>Sat, 12 Nov 2011 07:58:11 +0530</pubDate>
			<description><![CDATA[press information bureau- Kumari Selja, Minister of Housing &amp; Urban Poverty Alleviation and Minister of Culture today unveiled the &#039;Draft Real Estate (Regulation &amp; Development) Bill, 2011&#039;, The Draft Model Property Rights to Slum Dwellers Act, 2011&#039; and Central Legislation for Street Vendors at a Press Conference in New Delhi.]]></description>
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            <title><![CDATA[New bill to improve slum dwellers&#039; condition: Kumari Selja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12343</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 12 Nov 2011 07:57:12 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- A new bill to improve the living conditions of slum swellers is likely to be introduced in the winter session of parliament later this month, Housing and Urban Poverty Alleviation Minister Selja said on Friday. Speaking to reporters in Delhi on Friday, she said the government also proposed to strengthen slum redevelopment strategy by working towards a slum free India by assigning property rights to urban slum dwellers under the Rajiv Awas Yojna.]]></description>
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            <title><![CDATA[New bill seeks to protect home buyers, curb graft in realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12342</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 12 Nov 2011 07:54:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government Friday released a draft bill that seeks to bring transparency and accountability in real estate and housing transactions and curb widespread corruption in the sector. The Real Estate (Regulation and Development) Bill, 2011, is likely to be tabled in the parliament in the winter session, Housing and Urban Poverty Alleviation Minister Selja told reporters here after releasing the draft bill for public and stakeholders&#039; comments.]]></description>
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            <title><![CDATA[Sahara moves SC against SAT order]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12341</link>
			<source>Indian Express</source>
			<pubDate>Sat, 12 Nov 2011 07:54:14 +0530</pubDate>
			<description><![CDATA[Indian Express- The two Sahara group companies, Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation) and Sahara Housing Investment Corporation have moved the Supreme Court challenging the sectoral tribunal’s order asking the group to refund around Rs 24,000 crore to investors who had invested in its optionally fully convertible debentures (OFCDs).]]></description>
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            <title><![CDATA[Delays hit India&#039;s real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12340</link>
			<source>NDTV</source>
			<pubDate>Sat, 12 Nov 2011 07:53:36 +0530</pubDate>
			<description><![CDATA[NDTV- Project delays and pending delivery of houses are the biggest hurdle for the real estate industry today according to one research report. If you are planning to invest in a property in Hyderabad, the past track record of developers suggests over 70 percent projects are delayed by over 10 months. In Bangalore over 50 per cent projects are delayed over 10 months and despite a property boom in Delhi&#039;s NCR region Gurgaon over 70 percent projects are delayed by over 11 months.]]></description>
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            <title><![CDATA[The impact of CCI’s order on Indian realty firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12339</link>
			<source></source>
			<pubDate>Sat, 12 Nov 2011 07:51:54 +0530</pubDate>
			<description><![CDATA[- The recent judgment of the Competition Commission of India (“CCI”) in Belaire Owner’s Association vs DLF Limited has created ripples in the real estate sector. The news has come as another dampener for a sector that is already reeling under the impact of hike in interest rates, dwindling buyers and a looming recession in the US. However, the judgment has come as a shot in the arm for home buyers, who were, till now, at the mercy of builders due to their inordinate delay in executing projects and the one-sided arbitrary clauses used by realty firms.]]></description>
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            <title><![CDATA[Draft real estate bill to crack down on unfair practices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12338</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 12 Nov 2011 07:50:07 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Builders issuing misleading advertisement for sale of flats or unnecessarily delaying projects will also come under scrutiny if the proposals in the draft real estate Bill are accepted. The Bill proposes up to three years imprisonment or a fine up to 10 per cent of the project cost, if any builder “wilfully” develops or constructs projects without first registering it and obtaining a certificate from the proposed Real Estate Regulatory Authority.]]></description>
			</item><item>
            <title><![CDATA[Govt policies cool China&#039;s real estate boom]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12337</link>
			<source>Business Standard</source>
			<pubDate>Sat, 12 Nov 2011 07:49:06 +0530</pubDate>
			<description><![CDATA[Business Standard- In the last two weeks, brokerages across China have laid off thousands of brokers and closed hundreds of offices. China’s nationwide real estate boom became so manic last year that many would-be buyers camped in tents on the sidewalks of this tropical island city to be at the front of the line when condominiums went on sale — even though the condos had not yet been built.]]></description>
			</item><item>
            <title><![CDATA[Realty bill to make builders accountable]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12336</link>
			<source>The Times of India</source>
			<pubDate>Sat, 12 Nov 2011 07:47:46 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida Extension imbroglio could have been avoided had the real estate regulator proposed by the Union housing ministry been put in place earlier. Now, the long-pending legislation - Real Estate (Regulation and Development) Bill - aims to infuse &quot;accountability and transparency&quot; in the realty sector, backed by stringent norms.]]></description>
			</item><item>
            <title><![CDATA[New law draft ready for bringing transparency in land selling]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12335</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 12 Nov 2011 07:47:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- Registration of builders, adherence to approved plans and refund of money in cases of default will become mandatory under a new law that the Government plans to bring in to usher in &quot;accountability and transparency&quot; in land selling and housing transactions. A Real Estate Regulatory Authority will also be established under the Real Estate (Regulation and Development) Bill, 2011, whose draft was made public today by Union Minister for Housing and Urban Poverty Alleviation Kumari Selja here.]]></description>
			</item><item>
            <title><![CDATA[Developers upset with real estate legislation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12334</link>
			<source>Business Standard</source>
			<pubDate>Sat, 12 Nov 2011 07:46:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The proposed real estate regulation legislation is out in the public domain, but has already drawn sharp criticism from developers. The draft says a promoter may face up to three years in jail or a fine up to a tenth of the estiated project cost for the offences mentioned under various sections. A clause on mandatory registration of projects and for issuance of licences was opposed by Credai (Confederation of Real Estate Developers Association of India).]]></description>
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            <title><![CDATA[Owning holiday homes in Goa would now be a costly affair]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12333</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 Nov 2011 07:45:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a measure aimed to rationalise the real estate prices in Goa, the state government has decided to levy hefty occupancy tax on those dwellings purchased by non-Goans and left unoccupied, often used as holiday homes. Chief Minister Digambar Kamat said that such purchases have led to hike in real estate prices in the state, which has made the housing unaffordable for middle class families living in Goa.]]></description>
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            <title><![CDATA[DLF&#039;s net debt up nearly Rs 1,000 cr in Q2]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12332</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 Nov 2011 07:44:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- India&#039;s largest realty firm DLF today said its net debt increased by nearly Rs 1,000 crore in the July-September quarter to Rs 22,519 crore, mainly due to delayed receipt of payments related to non-core asset sales. The company&#039;s net debt stood at Rs 21,524 crore as of June 30 this year.]]></description>
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            <title><![CDATA[DLF Q2 net profit dips 11%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12331</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 12 Nov 2011 07:41:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- India&#039;s largest realty firm DLF today reported 11 per cent decline in consolidated net profit at Rs 372.41 crore for the quarter ended September 30, mainly due to higher tax expenses and interest charges. The company had posted a net profit of Rs 418.38 crore in the year-ago period, DLF said in a statement.]]></description>
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            <title><![CDATA[It’s time to rise high -Raheja Developers inks a joint venture with Arabtec to launch several high rises in India which will redefine the skyline of North India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12330</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 Nov 2011 06:24:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a landmark deal, Raheja Developers, Delhi has inked a $ 204 million (about Rs 1,020 Cr) contract with Dubai-based Arabtec construction company that built the tallest tower in the world, Burj Khalifa in Dubai and also, landmark buildings like Okhta tower in Russia, Emirates Palace Hotel in Abu Dhabi and also have the credit of making the Palace of the king of Dubai. Initially, Arabtec will start construction on three of the Raheja projects, Raheja Revanta, Raheja Phoenix and Raheja Srishti. The Raheja Revanta Project, Gurgaon, will be the first project to be constructed by them which would be one of the tallest skyscrapers in India. It is learnt that these projects in Northern India require specialised technology and manpower quality which was not up to the mark with any of the contracting companies in India.]]></description>
			</item><item>
            <title><![CDATA[A must-have document -The agreement to sell is meant to protect the interests of both the parties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12329</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 Nov 2011 06:23:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- An agreement to sell spells out the terms and conditions under which the seller is intending to sell the property, and the terms and conditions under which the buyer is intending to purchase it. This facilitates smooth culmination of transaction without disputes. An agreement to sell is an important document in the process of sale or purchase of property. This agreement contains conditions by which the parties agree to perform certain acts.]]></description>
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            <title><![CDATA[Pre-leased Commercial Property can Give You Up To 14% in Returns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12328</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 Nov 2011 06:21:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- The concept of rental yield is fast catching the imagination of investors in India, especially those in the metros. Investors invest in a property with a view to renting it out, so as to earn a fixed income. For retail investors, it is largely confined to residential properties, given their low investment capacity. It runs with the weather as high interest rates and exorbitant prices deter them from investing as they result in less annual yield.]]></description>
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            <title><![CDATA[Honey, they just shrunk our home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12327</link>
			<source>Mid Day</source>
			<pubDate>Fri, 11 Nov 2011 06:21:02 +0530</pubDate>
			<description><![CDATA[Mid Day- As the tourist season sets in, inquiries from expats and NRIs, who want to buy an apartment in the city, are also pouring in. While the real estate market is expected to do some brisk trade during the season, with the proposed amendment on free Floor Space Index (FSI), buyers too might be at the receiving end as developers plan to downsize their projects as well as increase the price of flats.]]></description>
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            <title><![CDATA[Single women in India believe in serious asset-creation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12326</link>
			<source>The Times of India</source>
			<pubDate>Fri, 11 Nov 2011 06:18:52 +0530</pubDate>
			<description><![CDATA[The Times of India- Diamonds are no longer a girl&#039;s best friend. Single young women in India have earthier tastes and believe in serious asset-creation, which perhaps explains why an increasing number of those below 35 are investing in their own homes before marriage in a trend that many believe is a reflection of our changing socio-economic landscape.]]></description>
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            <title><![CDATA[New accounting rules to hit realty companies top lines, aims to reduce the discretion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12325</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 11 Nov 2011 06:16:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a move that will depress the top line of several leading real estate companies, an upcoming accounting change aims to reduce the discretion available to them on how to compute revenues. The accounting regulator is working on a &#039;guidance note&#039; that will, for the first time, define when and how developers should recognise revenues from a project, say two senior officials of the Institute of Chartered Accountants of India (ICAI) working on the note, on the condition of anonymity.]]></description>
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            <title><![CDATA[High interest rate, poor demand pull down DLF net profit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12324</link>
			<source>Business Standard</source>
			<pubDate>Fri, 11 Nov 2011 06:14:48 +0530</pubDate>
			<description><![CDATA[Business Standard- The consolidated net profit of India’s largest real estate company, DLF Ltd, dropped 11 per cent to Rs 372 crore during the second quarter ended September from Rs 418 crore in the corresponding period last year. The company has attributed the decline in profit to the high interest rate environment, thereby impacting sales.
DLF&#039;s debt level has gone up in the second quarter, the company statement said without elaborating on the increase.]]></description>
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            <title><![CDATA[Q&amp;A: Anshuman Magazine, CMD, CB Richard Ellis (South Asia) =&#039;Real estate market in India is better than the general perception&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12323</link>
			<source>Business Standard</source>
			<pubDate>Fri, 11 Nov 2011 06:14:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Chairman and Managing Director (South Asia), CB Richard Ellis, Anshuman Magazine, was in Chandigarh to participate in the Realcon-2011, an exhibition and exposition on real estate construction, building material and financing, organised by the Confederation of Indian Industry. In an interaction with Business Standard, he shares his view about how real estate sector is shaping up amidst signs of uncertainty. Excerpts:]]></description>
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            <title><![CDATA[Lock-in norms for FDI in real estate may be relaxed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12322</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 Nov 2011 06:12:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government may relax minimum lock-in norms for FDI in real estate. It is considering a lock-in of three years on the original FDI brought at the time of starting the business. As of now, the lock-in applies to every tranche of investment brought in by a foreign player — a key deterrent for FDI.]]></description>
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            <title><![CDATA[Ansal Properties Q2 net up 33%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12321</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 Nov 2011 06:11:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Ansal Properties and Infrastructure Ltd has reported a 33.41 per cent increase in consolidated net profit to Rs 26.55 crore for the quarter ended September due to lower expenditure on construction activities.]]></description>
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            <title><![CDATA[&#039;Home loan subsidy effective from April&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12320</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 11 Nov 2011 06:10:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- The liberalised scheme for one per cent interest subsidy by government on home loans up to Rs 15 lakh will be available for the borrowers whose requests were sanctioned and disbursed from April this year. The new housing scheme under which the loan limit for interest subvention was raised to Rs 15 lakh, subject to the total housing cost of Rs 25 lakh, will remain valid up to March 2012, the Reserve Bank said today.]]></description>
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            <title><![CDATA[Land Acquisition Bill Not in This Session -Valuing rural land at four times market price, giving legislation retrospective effect seen impractical]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12319</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 10 Nov 2011 08:00:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government’s bid to fast-track passage of the land acquisition bill seems to have run into trouble. A significant section of the standing committee of Parliament do not approve provisions on valuation and transfer of land. Chairperson of the standing committee vetting the bill, Sumitra Mahajan, has said that the bill cannot be cleared in haste and more consultations would be needed. The bill is unlikely to become law before Uttar Pradesh elections are held.]]></description>
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            <title><![CDATA[Indian commercial property market loses momentum in Q3 : RICS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12318</link>
			<source>India Infoline News Service</source>
			<pubDate>Thu, 10 Nov 2011 07:55:27 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- According to the latest RICS India Commercial Property Survey, although the economy has continued to grow steadily, output growth has seen a decline through the course of the year. This aspect coupled with interest rates continuing on their upward trajectory has affected market sentiment, with capital values turning negative for the first time since 2009 and modest deterioration in markets expected even in the coming quarters.]]></description>
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            <title><![CDATA[CREDAI unveils new logo]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12317</link>
			<source>India Infoline News Service</source>
			<pubDate>Thu, 10 Nov 2011 07:54:19 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- CREDAI has established mechanism for accountability and transparency in the sector which will ensure speedy solution of disputes. Hon’ble Minister of Housing and Urban Poverty Alleviation, Govt. of India. Kumari Selja unveiled the new logo of CREDAI -Confederation of Real Estate Confederation of Real Estate Developers’ Associations of India which will work as the new identity of the body.]]></description>
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            <title><![CDATA[Covai’s Serene Adinath for senior citizens near Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12316</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 Nov 2011 07:52:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Covai Property Centre, a pr&shy;operty developer, has announced the launch of Serene Adinath, a senior speciality apartment project at Vandalur, near Chennai. The project, to come up about one km away from the GST Road, is going to be the first of its kind retirement community project in and around Chennai. It will offer about 220 affordable, yet luxurious apartments in its first phase.]]></description>
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            <title><![CDATA[Vardhman brings Karma Spaces in Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12315</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 Nov 2011 07:51:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Vardhman Real Estate &amp; Promoters’ latest com&shy;mercial project Vardhman Ka&shy;rma Spaces is coming up in KP-3, Greater Noida. It is the first fully furnished office space-cum-co&shy;mmercial centre in Greater No&shy;ida. The project is planned to get 12 per cent assured return. Possession of the units is promised within the next six months.]]></description>
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            <title><![CDATA[Janapriya readies Lakeview at Sainikpuri]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12314</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 Nov 2011 07:51:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Janapriya Engineers Syndic&shy;ate is readying a clutch of residential projects, including Lak&shy;eview at Sainikpuri and Arcadia at Kowkoor, both near Sec&shy;underabad, to be delivered next year. Sainikpuri is close to the cantonment area and, of late, has seen a lot of residential projects, hospitals, educational institutions and colleges coming up in the area.]]></description>
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            <title><![CDATA[Of loan nightmares &amp; dream houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12313</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 10 Nov 2011 07:50:18 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- According to a recent estimate of rating agency Crisil, borrowers are forced to shell out Rs 6,000 crore annually because of the total rate hikes over the past year and a half. There has been a 15 per cent increase in the equated monthly instalments (EMIs) for most borrowers. Now, the question is: Should you pre-pay part of your loan if you can, or allow the bank to increase EMI, or increase the loan tenure, or switch to another bank.]]></description>
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            <title><![CDATA[Kolkata realty market feels labour pangs, shortfall 50%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12312</link>
			<source>The Times of India</source>
			<pubDate>Thu, 10 Nov 2011 07:49:09 +0530</pubDate>
			<description><![CDATA[The Times of India- The real estate industry in Kolkata is facing acute labour pain. The crunch in skilled and unskilled labour that first became apparent a couple of years ago, has turned into a full-blown crisis with the shortfall in now pegged at 50%. The deficit situation has not only escalated wages, consequent project delays has led to cost over-run.]]></description>
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            <title><![CDATA[NRI Real estate: Latest update on tax laws &amp; assets abroad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12311</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 10 Nov 2011 07:48:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- The RBI has decided that the value of security to be transferred together with any security transferred by the transferor, as gift, to any person residing outside India which was not to exceed the rupee equivalent of US$ 25,000 during a calendar year has been enhanced to US$ 50,000 per financial year.]]></description>
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            <title><![CDATA[Isha Homes sets up concrete blocks mfg unit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12310</link>
			<source>Business Standard</source>
			<pubDate>Thu, 10 Nov 2011 07:47:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developer Isha Group of Companies has entered the concrete block manufacturing business by launching Isha Concrete Blocks unit in Chennai. The company has set up a manufacturing unit for concrete blocks at Medavakkam Post with an investment of Rs 12 crore, including land and machinery, with a capacity to manufacture 10,000 eight inch blocks per shift a day, according to Suresh Krishn, managing director, Isha Homes.]]></description>
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            <title><![CDATA[Lavasa gets green signal but ride may be bumpy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12309</link>
			<source>Business Standard</source>
			<pubDate>Thu, 10 Nov 2011 07:46:37 +0530</pubDate>
			<description><![CDATA[Business Standard- After a year-long legal battle, the environment ministry on Wednesday granted a conditional clearance to the first phase of the multi-crore Lavasa Hill City project in Maharashtra. The clearance comes as a reprieve to Ajit Gulabchand’s ambitious hill city project, making losses to the tune of Rs 2 crore a day due to the ministry’s stop-work order. After the clearance, Lavasa Corporation Ltd, a subsidiary of Hindustan Construction Co, can start construction work at the project site.]]></description>
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            <title><![CDATA[Compat stays Rs 630-crore penalty imposed on DLF by CCI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12308</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 10 Nov 2011 07:45:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a temporary relief to DLF, the the Competition Appellate Tribunal (Compat) on Wednesday stayed Rs 630-crore penalty imposed on it by anti-competition watchdog in August following complaints regarding abuse of market position by country&#039;s largest real estate player. The tribunal also directed DLF to give an undertaking that it would deposit the entire penalty amount with 9% interest if it finally loses the case.]]></description>
			</item><item>
            <title><![CDATA[Environment Ministry gives nod to Lavasa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12307</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 10 Nov 2011 07:44:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Lavasa&#039;s multi-crore project near Pune on Wednesday overcame the green hurdle with Union Environment Ministry granting clearance for its first phase subjected to “strict compliance” of certain terms and conditions. “The Ministry, hereby, accords environmental clearance for the project as per provisions of Environmental Impact Assessment Notification, 2006 and its subsequent amendments, subjected to strict compliance of terms and conditions,” a government order said.]]></description>
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            <title><![CDATA[Hazare slams Maha CM Chavan&#039;s stand on Lavasa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12306</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 10 Nov 2011 07:43:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- Slamming Maharashtra Chief Minister Prithviraj Chavan for asking the Centre to give green nod to the first phase of the controversial Lavasa project, Anna Hazare has accused him of violating his oath of office. Hazare and social activist Medha Patkar, who heads the &#039;Jan Andolan&#039; against the Lavasa project near here, have written a letter to Chavan on November 7, taking strong objection to his comments on the issue.]]></description>
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            <title><![CDATA[Compat stays Rs 630 cr penalty on DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12305</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 10 Nov 2011 07:42:38 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Competition Appellate Tribunal (Compat) today stayed the Rs 630 crore penalty imposed by fair trade watchdog Competition Commission of India (CCI) on realty major DLF over alleged abuse of dominant market position. A three-member bench headed by Justice Arijit Pasayat stayed the operation of the CCI order imposing the fine.]]></description>
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            <title><![CDATA[Compensate within 7 days or face our wrath: Farmers to Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12304</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 10 Nov 2011 07:41:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Farmer leaders from 54 villages in Noida gave the Noida Authority a seven-day ultimatum to act on the Allahabad High Court order on Tuesday. At a meeting with the newly appointed Authority CEO Jeevesh Nandan, they expressed disappointment with the Authority’s inactivity on handing over the extra compensation and developed plots. As per an earlier agreement between the Authority and farmers, it should have begun by October 30, they added.]]></description>
			</item><item>
            <title><![CDATA[Noida farmers threaten to stall work]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12303</link>
			<source>The Times of India</source>
			<pubDate>Wed, 09 Nov 2011 06:32:45 +0530</pubDate>
			<description><![CDATA[The Times of India- In July, Noida Authority first claimed to have arrived at a ‘settlement’ with farmers of the 54 villages. Four months on, after several protests by farmers and directions by Allahabad High Court, the situation in Noida is back to square one. Once again, farmers have threatened to stall construction and development work from next week.]]></description>
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            <title><![CDATA[Buyers fear increased FAR may affect quality]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12302</link>
			<source>The Times of India</source>
			<pubDate>Wed, 09 Nov 2011 06:31:56 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers in Noida Extension have now started fearing that the quality of their houses may be compromised due to the recent increase in floor area ratio (FAR) by Greater Noida Authority. Last month, the Authority had allowed developers to build more flats in the same area by increasing the FAR from 2.75 to 3.5.]]></description>
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            <title><![CDATA[Draft real estate regulation Bill to be made public this week]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12301</link>
			<source>NDTV</source>
			<pubDate>Wed, 09 Nov 2011 06:30:28 +0530</pubDate>
			<description><![CDATA[NDTV- The government will make public the draft Real Estate Regulation and Development Bill, 2011 for comments from stakeholders this week and may subsequently introduce it in the forthcoming winter session of Parliament. Aimed at protecting customers from fly-by-night developers, the draft Bill will seek to bring more transparency in the realty sector.]]></description>
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            <title><![CDATA[Real estate was an accidental entry for Razack]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12300</link>
			<source>IBNLive</source>
			<pubDate>Wed, 09 Nov 2011 06:29:32 +0530</pubDate>
			<description><![CDATA[IBNLive- Real estate was an accidental entry for the 20-something Razack during the early 1980s, when his family was exploring properties to buy in Bangalore to avoid getting taxed on the proceeds from the sale of their family home on Infantry Road. After trading in properties for around five years, Razack and his brothers, Rezwan and Noaman, decided to enter the fray as developers themselves.]]></description>
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            <title><![CDATA[Polls prop up realty market in Kolkata, Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12299</link>
			<source>The Times of India</source>
			<pubDate>Wed, 09 Nov 2011 06:27:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as global economic slowdown and uncertainty in financial markets have battered the real estate industry countrywide, forcing a price correction in several markets, properties in Kolkata and Chennai bucked the trend with steady demand in affordable and mid-segment housing. According to a study by global realty player Knight Frank, the residential sector in Kolkata is least affected by the economic slowdown among tier-I cities.]]></description>
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            <title><![CDATA[Cost of property not sole incurrence for buyer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12298</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 09 Nov 2011 06:25:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Buying a home is unlike buying any other item. For, it is possibly the most expensive purchase for most of us. Moreover, the pricing structure includes many components, thus making it complex to understand. Most times, homebuyers take a loan to fund their purchase and pay EMIs for the next 10-20 years. Essentially, buying a home can use up a major part of savings for the middle class.]]></description>
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            <title><![CDATA[With no DDA plot after 30 years, applicant seeks contempt action]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12297</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 09 Nov 2011 06:24:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- A man, awaiting allotment of a DDA plot for the last 30 years, today moved the Delhi High Court for launch of contempt proceedings against the housing body, accusing it of not honouring its promise in 2009 that it will meet its obligations by August, 2011.]]></description>
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            <title><![CDATA[Alpha G:Corp to set up state-of-the art industrial park in Amritsar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12296</link>
			<source>Business Standard</source>
			<pubDate>Tue, 08 Nov 2011 06:32:08 +0530</pubDate>
			<description><![CDATA[Business Standard- Having already developed mixed use development Mega Project ‘Alphaone’ in Amritsar, now Real Estate player- Alpha G:Corp is planning to set up a state-of-the art Industrial park in Amritsar in an association with a local player. The developer intends to invest over Rs. 100 crore in the proposed park, spread over 135 acres.
The company has already submitted its project report to the Punjab government to be accorded as mega project and expects that the empowered committee on mega project would approve it soon.]]></description>
			</item><item>
            <title><![CDATA[Loan times]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12295</link>
			<source>Indian Express</source>
			<pubDate>Tue, 08 Nov 2011 06:30:30 +0530</pubDate>
			<description><![CDATA[Indian Express- India is a country of first-time home loan holders. This is a natural consequence of a rapidly expanding and aspirational middle class, and of increasing urbanisation. Government policy and regulation needs to be structured to support and protect this consequence; because consumer behaviour in the real estate sector not only has disproportionate effects on the rest of the economy, but has very real social consequences, too. And part of that is to ensure that individuals and families entering into home loan contracts are helped to know exactly what they’re getting into. As this newspaper reported on Monday, the higher interest rate regime that India is in currently is causing monthly loan repayments, or EMIs, to considerably increase — and, in some cases, is causing loan tenures to increase, too. If borrowers are trading off one against the other, then policymakers need to ensure they have all the necessary information to make a decision that fits in with their life-cycle income and expenditure expectations.]]></description>
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            <title><![CDATA[Real estate body approaches CCI against cement cartelization]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12294</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 08 Nov 2011 06:29:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate developers body National Real Estate Development Council (NAREDCO) has approached the Competition Commission of India (CCI) seeking intervention against the alleged cement cartelisation hitting real estate developers.]]></description>
			</item><item>
            <title><![CDATA[Parsvanath Developers Q2 net down 41%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12293</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 08 Nov 2011 06:28:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hit by higher cost of construction and development, realty major Parsvanath Developers posted 41.55 per cent decline in net profit for the second quarter ended September 30, 2011 at Rs 29.09 crore as compared to the same period last fiscal. During the same period last fiscal, the company&#039;s net profit was at Rs 49.77 crore. The total revenue of the firm increased to Rs 254.92 crore during the second quarter this fiscal as against Rs 197.96 crore in the year-ago period, up 28.77 per cent per cent, the company said.]]></description>
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            <title><![CDATA[Parsvnath ties up with Choice Hotels]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12292</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 08 Nov 2011 06:27:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Parsvnath Developers today said it will foray into the budget hotel segment and has tied up with Choice Hotels International to offer 20-25 properties across the country. The company’s wholly-owned subsidiary, Parsvnath Hotels, has joined hands with various existing small hotel owners and will refurbish their properties to offer them to Choice Hotels International which will manage them.]]></description>
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            <title><![CDATA[Land records to be scanned, indexed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12291</link>
			<source>Business Standard</source>
			<pubDate>Mon, 07 Nov 2011 07:59:32 +0530</pubDate>
			<description><![CDATA[Business Standard- Land records in Karnataka would be scanned, indexed and catalogued as per a Cabinet approval on Sunday. To start with, 90 Revenue Department offices mainly in urban places would be covered. The Cabinet, chaired by Chief Minister D V Sadananda Gowda, approved grant of Rs 32 crore for the initiative.]]></description>
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            <title><![CDATA[Fixed rates are better for long-term loans: RBI deputy governor Anand Sinha]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12290</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 07 Nov 2011 07:58:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank of India has made a case for fixed lending rates for longterm loans. &quot;Any long-term product, if it is on a fixed-rate basis, is better from an interest rate-risk perspective,&quot; said Reserve Bank of India deputy governor, Anand Sinha while speaking on the sidelines of a bankers&#039; conference in Chennai on Sunday.]]></description>
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            <title><![CDATA[LIC Housing sanctions more than Rs 100 crore in loans in 3 days]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12289</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 07 Nov 2011 07:57:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- LIC Housing Finance sanctioned over Rs 100 crore toward home loans during a three-day property exhibition that concluded in the city today, a senior company official said. The company organised the &#039;Home for All Expo &#039;11&#039;, starting November 4, at Pragati Maidan to attract home loan seekers.]]></description>
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            <title><![CDATA[Get Rid of Inventory, Parekh tells Builders -To avoid loan default, HDFC chief advises realtors to sell estates even at a discount]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12288</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 05 Nov 2011 08:20:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- Housing Development Finance Corp, the country’s largest mortgage lender, is nudging builders to sell properties at current prices to avert loan defaults. Expecting property rates, particularly in markets such as Mumbai to rise, most developers are refusing to cut prices, despite a dip in demand. While HDFC cannot force builders to liquidate rising inventories, officials at the financial institution are trying to drive home the point at ev ery meeting that it makes sense to sell at current prices.]]></description>
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            <title><![CDATA[Real Estate Regulation will be a balanced Bill: Kumari Selja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12287</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 Nov 2011 08:19:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The government today said the proposed act to regulate the real estate industry would be tabled in the coming winter session of Parliament and the bill would protect the interest of consumers without hurting the growth of the realty sector. Union Housing and Urban Poverty Alleviation Minister Kumari Selja said that a balanced approach would be adopted in the Real Estate (Regulation and Development) Bill as it does not seek to throttle the growth of real estate sector.]]></description>
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            <title><![CDATA[ACCEPTANCE MUST TO MAKE VALID GIFT OF PROPERTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12286</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 Nov 2011 08:17:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Certain points need to be understood if you plan to gift property. Section 123 of the Transfer of Property Act 1882 defines the modes of making a gift. According to the act, a gift should be made through a registered document signed by the donor or on behalf of the donor, attested by at least two witnesses. An authorisation — power of attorney given to a representative — should be clear on the provisions for making the gift. The power of attorney should be stamped as per the applicable laws.]]></description>
			</item><item>
            <title><![CDATA[TRANSPARENCY AND SAFEGUARD FOR BUYERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12285</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 Nov 2011 08:17:00 +0530</pubDate>
			<description><![CDATA[The Times of India- A reworked real estate regulation bill, which will bring transparency to the sector, will be presented in Parliament this winter session, says A K TIWARY, The proposed Real Estate Regulation Bill will bring more transparency into real estate industry and from a buyer&#039;s or investor&#039;s point of view, it provides for sufficient safeguards. Disclosure of detailed information about projects will create awareness and curtail pre-launch hoopla.]]></description>
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            <title><![CDATA[AGREEMENT TO SELL PRECEDES SALE DEED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12284</link>
			<source>The Telegraph</source>
			<pubDate>Sat, 05 Nov 2011 08:16:02 +0530</pubDate>
			<description><![CDATA[The Telegraph- An agreement to sell spells out the terms and conditions under which the seller is intending to sell the property, and the terms and conditions under which the buyer is intending to purchase it. This facilitates smooth culmination of transaction without disputes. An agreement to sell is an important document in the process of sale or purchase of property. This agreement contains conditions by which the parties agree to perform certain acts. It binds them to the terms and conditions agreed upon. An agreement to sell precedes the execution of a sale deed. The subsequent sale deed is based on the agreement to sell.]]></description>
			</item><item>
            <title><![CDATA[REVISION GOOD, BUT NOT ENOUGH]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12283</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 Nov 2011 08:14:38 +0530</pubDate>
			<description><![CDATA[The Times of India- The steep increase in the minimum rate for land by the Delhi government to calculate the stamp duty to register a property will certainly increase the proportion of white money in real estate transactions, says PRABHAKAR SINHA
In order to contain the use of black (unaccounted) money in the sale and purchase of real estate in Delhi, the state government has again revised the minimum rates for land and built-up flats for the calculation of stamp duty required to be paid to register the property.]]></description>
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            <title><![CDATA[Core sectors face competition impact assessment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12282</link>
			<source>The Times of India</source>
			<pubDate>Sat, 05 Nov 2011 08:13:33 +0530</pubDate>
			<description><![CDATA[The Times of India- In order to strengthen the proposed National Competition Policy (NCP) and the functioning of the Competition Commission of India (CCI), the Committee on National Competition Policy (CNCP) has subjected 14 core sectors to a rigorous &#039;Competition Impact Assessment&#039; (CIA) survey. The CIA is designed to accurately assess the impact of conditions like abuse of dominance, market power, choice to consumers, supply, as well as pricing of goods and services.]]></description>
			</item><item>
            <title><![CDATA[Prestige to Invest 10 Billion Rupees in Hotels Over Four Years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12281</link>
			<source>Business Standard</source>
			<pubDate>Sat, 05 Nov 2011 08:12:53 +0530</pubDate>
			<description><![CDATA[Business Standard- Prestige Estates Projects Ltd. (PEPL), an Indian real estate developer, plans to invest up to 10 billion rupees ($203 million) in building hotels in the next three to four years, Chairman Irfan Razack said. Prestige will invest 2 billion rupees to build a Hilton hotel in Bangalore, where the Indian company is based. It is also constructing a Marriott Hotel at its Prestige Golfshire project and building an Aloft Hotel, a brand owned by Starwood Hotels &amp; Resorts Worldwide Inc. also in Bangalore]]></description>
			</item><item>
            <title><![CDATA[Vijay Shanthi plans Rs 2100 cr realty projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12280</link>
			<source>Business Standard</source>
			<pubDate>Sat, 05 Nov 2011 08:12:04 +0530</pubDate>
			<description><![CDATA[Business Standard- Chennai-based real estate developer Vijay Shanthi Builders Ltd is planning to develop projects worth of Rs 2,100 crore in next four years. The company has announced a residential project worth Rs 120 crore in the city.]]></description>
			</item><item>
            <title><![CDATA[Real estate regulator bill will improve transparency: Selja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12279</link>
			<source>IANS</source>
			<pubDate>Sat, 05 Nov 2011 08:11:11 +0530</pubDate>
			<description><![CDATA[IANS- The real estate regulator bill, to be tabled in the coming winter session of parliament, will improve governance and transparency in the sector, union Housing and Urban Poverty Alleviation Minister Kumari Selja said Friday.]]></description>
			</item><item>
            <title><![CDATA[A&#039;bad realty buying dips in festive month of Oct]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12278</link>
			<source>Business Standard</source>
			<pubDate>Sat, 05 Nov 2011 08:10:15 +0530</pubDate>
			<description><![CDATA[Business Standard- Contrary to expectations, the festive month of October has seen a further dip in the realty buying in Ahmedabad. The city, especially in the western parts, saw a dip of 20 per cent in residential property buying throughout the month, said experts. According to industry sources, while the real estate developers postponed reducing prices, end users stayed away from buying properties in the wait of a possible correction.]]></description>
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            <title><![CDATA[Cement prices push up costs for real estate companies by 20 per cent]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12277</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 05 Nov 2011 08:09:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Construction costs for real estate developers have gone up by 15-20% in the last three months because of a steep rise in cement prices, says the National Real Estate Development Council (NAREDCO). The industry body claims that cement manufacturers have increased the price of cement by Rs 100 per bag in the last three months and are also creating an artificial scarcity of cement in the market, leading to project delays.]]></description>
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            <title><![CDATA[Lavasa project important, must get green nod, says CM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12276</link>
			<source>Business Standard</source>
			<pubDate>Sat, 05 Nov 2011 08:08:36 +0530</pubDate>
			<description><![CDATA[Business Standard- On the day the state pollution control board filed the criminal case, Maharashtra Chief Minister Prithviraj Chavan came out in support of the Lavasa project. “I have requested environment minister Jayanthi Natarajan to grant environment clearance to Lavasa phase-I if all the preconditions set by the ministry have been fulfilled,” he told reporters. Chavan said the project was important as it involved huge investments in the state.]]></description>
			</item><item>
            <title><![CDATA[Raheja Developers forms JV with Dubai&#039;s construction firm Arabtec Construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12275</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 05 Nov 2011 08:07:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty company Raheja Developers today announced a joint venture with Dubai-based Arabtec Construction to build real estate projects in India and awarded contracts of Rs 1,020 crore to the JV firm for three housing projects.]]></description>
			</item><item>
            <title><![CDATA[Home prices set to fall: Credit Suisse report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12274</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 Nov 2011 08:06:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the steep rise in interest rate and tight liquidity, real estate companies across the country are facing an inventory overhang. Data from the Reserve Bank of India (RBI) suggest that mortgage additions in key metros have been stagnant since 2007 and the proportion of loans taken to the total absorption suggests higher investor participation in key target markets and impending price cuts in residential segment.]]></description>
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            <title><![CDATA[Criminal case filed against Lavasa&#039;s promoter, others]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12273</link>
			<source>Business Standard</source>
			<pubDate>Sat, 05 Nov 2011 08:06:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Case before Pune court over violation of green rules.
Hindustan Construction Company (HCC) chairman and managing director Ajit Gulabchand found himself in the dock, with the Maharashtra Pollution Control Board on Friday filing criminal proceedings against the promoters, directors and sundry other officials of Lavasa Corporation, a subsidiary of HCC.]]></description>
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            <title><![CDATA[Residential property sales drop due to rising rates: CBRE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12272</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 Nov 2011 08:05:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- Sales volume of residential properties in major cities have dropped by 10-15 per cent due to rising home loan rates, property consulting firm CB Richard Ellis (CBRE) said. However, there has not been any drop in sale price of properties in big cities as developers are holding onto the current rates, it said.]]></description>
			</item><item>
            <title><![CDATA[DDA turned blind eye, its monitors held 40 meetings at work site]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12271</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 Nov 2011 08:04:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the row over the Commonwealth Games Village deepening, the Delhi High Court on Thursday suggested that the Delhi Development Authority chose to turn a blind eye while construction was on. That could well be the case given that the DDA had a monitoring committee in place which met some 40 times while work was on.]]></description>
			</item><item>
            <title><![CDATA[‘Commercial realty players to disclose hypothecation’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12270</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 05 Nov 2011 08:03:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reserve Bank of India (RBI) has asked banks to bring in a disclosure clause under which commercial real estate players will also have to mention in their advertisements the name of the bank to which a property has been mortgaged.]]></description>
			</item><item>
            <title><![CDATA[Court ticks off DDA over sealing of Village flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12269</link>
			<source>The Times of India</source>
			<pubDate>Fri, 04 Nov 2011 06:19:42 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi Development Authority’s decision to unilaterally seal 65 flats in the Commonwealth Games Village after their allotment drew the Delhi high court’s ire on Thursday. While hearing a plea filed by eight of the flat allotees, HC reprimanded the authority for its “pick-and-choose” policy and rejected its contention that the flats had been built in violation of the floor area ratio (FAR) limit.]]></description>
			</item><item>
            <title><![CDATA[Office space for you to ‘plug and play’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12268</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 Nov 2011 06:18:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Unitech&#039;s Nirvana Suites in Nirvana Courtyard 2 is where you can discover a world-class fully serviced office and a hassle-free work environment. Simply step in and start work at your new office&#039;. Sounds good, doesn&#039;t it? At Unitech&#039;s Nirvana Suites in Nirvana Courtyard 2, discover a world-class fully serviced office, where you simply walk in with your laptop and begin your day in office.]]></description>
			</item><item>
            <title><![CDATA[Realty sector a service provider?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12267</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 Nov 2011 06:18:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- As the realty major DLF moves into the Competition Appellate Tribunal (COMPAT) to challenge the Competition Commission of India&#039;s (CCI&#039;s) penalty of Rs 630 crore upon it, the real estate sector will soon get an answer as to whether their business falls under the service sector.]]></description>
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            <title><![CDATA[Ackruti City in Talks with PEs to Raise 150 Crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12266</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 04 Nov 2011 06:17:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty developer Ackruti City is in advanced talks with twothree private equity players to raise around . 150 crore by selling around 25% in its proposed redevelopment project in Chembur, north eastern suburb of Mumbai, sources close to the development said. Private equity firm Red Fort Capital is believed to be the frontrunner for the structured deal that is expected to be signed soon.]]></description>
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            <title><![CDATA[Big, glam home in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12265</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 04 Nov 2011 06:16:39 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Heard about the 12-acre India Bulls Bleu project at Worli in Central Mumbai? It will have five towers of 75-storeys, with three- and four-bedroom flats, with saleable area starting at 3,900 sq ft, and living space a little over 1,500 sq ft. This translates into a rate of Rs 80,000 per carpet sq ft, with the cost of the smallest flat exceeding Rs 12 crore. And the developers are calling it affordable luxury!]]></description>
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            <title><![CDATA[Gujarat land prices double near probable Maruti plant site]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12264</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 04 Nov 2011 06:15:55 +0530</pubDate>
			<description><![CDATA[The Financial Express- After the announcement by Maruti Suzuki India (MSI) that it will set up a car manufacturing plant in Gujarat, property prices have doubled around the probable site, a sleepy hamlet called Hansalpur in Mehsana district. MSI has not finalised the location yet but Hansalpur, located on Mehsana-Viramgam highway in north Gujarat, is being touted as the would-be site.]]></description>
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            <title><![CDATA[Govt likely to file case against Lavasa today]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12263</link>
			<source>The Times of India</source>
			<pubDate>Thu, 03 Nov 2011 07:34:17 +0530</pubDate>
			<description><![CDATA[The Times of India- After seeking legal opinion on the action that could be taken against the Lavasa Corporation for alleged environmental violations, the state government is likely to file a case against the corporation on Thursday. The government is expected to file a case against Lavasa for environmental violations in a judicial magistrate court in Pune on Thursday, officials said.]]></description>
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            <title><![CDATA[The Future of CITIES -Cities With a Brain]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12262</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 03 Nov 2011 07:33:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- After smart phones and smart cars, here come smart cities. They will generate their own power and not pollute at all. They will use automation intelligently and intensely. Operating systems are so useful that they are now being used in devices like mobile phones, tablets, televisions, washing machines and refrigerators. They are now set to migrate to a different kind of device: the city. Operating systems will soon be used to manage a city in Portugal, near the tourist town of Paredes. Here, a five-year-old Swiss startup, Living PlanIT, is leading the construction of a new city spread over 17 square kilometres.]]></description>
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            <title><![CDATA[Green focus seen as becoming a judge of cities&#039; competitiveness]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12261</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 03 Nov 2011 07:31:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The competitiveness of cities in attracting investments is lately being measured on the focus they lay on environmental sustainability issues and carbon emission levels, said a senior executive of consultancy firm Jones Lang LaSalle. Even cities such as New York, Tokyo and Shanghai have focused on building their image. Indian cities too need to lay special focus on these issues, apart from developing the infrastructure to make a mark and attract investments.]]></description>
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            <title><![CDATA[NCC Urban to take up more projects in South]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12260</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 03 Nov 2011 07:31:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- NCC Urban Infrastructure Ltd has sewn up plans to take up 10 residential and commercial projects in South India, entailing a built-up area of 2.5 million sq.ft. The company garnered revenues of Rs 175 crore last year and was expecting to close this fiscal with Rs 200 crore. The company is in the process of launching a 100-acre, mixed-use integrated township in Visakhapatnam, besides an apartment project in Guntur.]]></description>
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            <title><![CDATA[Banks see a drop in loans, deposits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12259</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 03 Nov 2011 07:29:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Banks saw their business dip in the latest fortnight ended October 21 as both loans and deposits came down. The latest data released by the Reserve Bank of India shows banks lent an aggregate of Rs 40,81,598 crore to corporates and individuals as on October 21, down Rs 3,684 crore over the previous fortnight&#039;s levels.]]></description>
			</item><item>
            <title><![CDATA[Proposed Real Estate Bill may tighten screws on developers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12258</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 03 Nov 2011 07:28:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Selling a project without registering it with the proposed Real Estate Authority can soon land a developer behind bars, if it involves “criminal intent”. Also, the erring builder may be asked to cough up a heavy penalty. These provisions are part of the draft Real Estate (Regulation and Development) Bill 2011. The Ministry of Housing and Urban Poverty Alleviation plans to seek public comments on the draft in 8-10 days. The new version has been prepared after extensive consultation with stakeholders and incorporates many changes since the first draft in mid-2009.]]></description>
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            <title><![CDATA[At a glance: Economy &amp; realty in October 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12257</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 03 Nov 2011 07:28:05 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Global economic slowdown and uncertaintyin the financial markets is finally having its consequences on the Indian economy with all the lead indicators of growth showinga downward trend. Index of Industrial Production (IIP) grew at 4% in August 2011 which is at one of the lowest levels since April 2010. The manufacturing Purchasing Managers Index (PMI) is at its two year low of 50.4 for the month of September 2011 raising serious questions about the growth momentum of the economy.]]></description>
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            <title><![CDATA[Vasathi plans Vasathi Anandi at Bandlaguda]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12256</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:27:12 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Vasathi Group, a recent entrant to the construction arena, is readying its Vasathi Anandi, a gated community at Ba&shy;ndlaguda near the Andhra Pradesh Police Academy in Hyderabad. The project is located at 10 to 12 km distance from the business hub of Hitec City and Gachibowli in Hyderabad. The Rs 100 crore project will be ready by mid next year. In all, it has 486 units in five acre comprising, 1, 2, 2.5 and 3 BHK. The project will include green building concepts for a silver rating.]]></description>
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            <title><![CDATA[Tata Housing launches The Promont in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12255</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:26:36 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Tata Housing Development Company has launched The Promont, a luxurious gated community of terraced hillside residences in Bangalore. Built on a hill at Banashankari in south Bangalore, The Promont is planned on a grandeur scale and is based on the concept of the hanging gardens of Babylon cascading down hill. It has four majestic apartment towers in Phase 1.]]></description>
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            <title><![CDATA[Saviour Street comes up at Crossings Republik]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12254</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:26:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Saviour Builder, a Noida-based real estate developer, has launched a commercial project Saviour Street on the Cr&shy;ossing Republik on NH-24. Spr&shy;ead in about 2,700 sq mt area, Saviour Street is a mixed-use development project comprising commercial shops, office spaces, food courts and fun zones along with studio apartments. The co&shy;mpletion of the project is slated for December 2013.]]></description>
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            <title><![CDATA[City of future]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12253</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:25:40 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Recently, Girem, an independent body with focus on urban planning and real estate, unveiled a list of 36 future cities across states at its 4th Girem Leadership Summit. These future cities were culled out from a large pool of short listed cities by a panel of experts who have selected these cities based on various parameters such as population size and the strength of the education and culture.]]></description>
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            <title><![CDATA[Muthoot Home Fin looks to sell 10% stake to PE players]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12252</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:24:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Muthoot Housing Finance, the home finance subsidiary of gold loans company Muthoot Finance, is in talks with private equity investors to raise funds. The company began operations in May and has sanctioned home loans of over Rs 3 crore, with an average ticket size of Rs 5,00,000.]]></description>
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            <title><![CDATA[NHB norms to weaken HFCs vis-&agrave;-vis banks: Icra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12251</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 03 Nov 2011 07:24:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- National Housing Bank’s (NHB) order to housing finance companies (HFCs) to charge uniform interest rate to old and new borrowers would weaken the competitive positioning of HFCs vis-&agrave;-vis banks, according to a study by rating agency Icra. Last month, NHB issued a circular instructing HFCs to charge uniform interest rate on old and new borrowers and also waived off the pre-payment penalty on floating rate loans if borrowers prepay their loans.]]></description>
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            <title><![CDATA[HDFC Realty in talks to raise $600 mn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12250</link>
			<source>Business Standard</source>
			<pubDate>Thu, 03 Nov 2011 07:23:53 +0530</pubDate>
			<description><![CDATA[Business Standard- HDFC Realty, the private equity arm of Housing Development Finance Corporation, is engaged in talks with the world’s largest sovereign funds to raise its fourth real estate fund. According to sources, HDFC Venture Capital Ltd (HVCL), fund manager to HDFC Property Fund, will start raising its new offshore fund, with a corpus of $400-600 million, by the end of November.]]></description>
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            <title><![CDATA[Home loan growth to moderate to 15%: Icra study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12249</link>
			<source>Business Standard</source>
			<pubDate>Thu, 03 Nov 2011 07:23:13 +0530</pubDate>
			<description><![CDATA[Business Standard- With a dip in the demand for fresh loans due to sharp rise in interest rates and increased prepayments, growth in the mortgage (home loan) market would be 15 per cent in 2011-12 against 18 per cent in 2010-11, says an Icra study. According to the rating agency, higher ticket sizes (as a result of higher property prices) and higher income levels could support the growth of mortgage credit. But the new notification by sector regulator National Housing Bank (NHB), could affect the profitability of Housing Finance Corporations (HFCs).]]></description>
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            <title><![CDATA[Banks get tougher with realty firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12248</link>
			<source>Business Standard</source>
			<pubDate>Thu, 03 Nov 2011 07:22:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Commercial banks are getting tougher with real estate developers, asking for supporting documents in advance and increasing scrutiny while sanctioning loans to safeguard risks in such loans. The Reserve Bank of India, the banking regulator, has been voicing its concerns about spiralling property prices and advising banks to go slow on loans to commercial real estate. It has also increased risk weightage on loans to property developers in the past to make such loans expensive.]]></description>
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            <title><![CDATA[DDA seals two towers in CWG Village]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12247</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 03 Nov 2011 07:21:48 +0530</pubDate>
			<description><![CDATA[The Financial Express- Over 60 flats, most located in two towers of the Commonwealth Games Village, were sealed on Monday by the Delhi Development Authority. These flats belong to developer Emaar MGF, and have already been sold. Sources in DDA said the order to seal the towers was issued by the Building department, even as the land agency was waiting for the Ministry of Urban Development to come up with a final decision on the issue of the non-compoundable floor area ratio.]]></description>
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            <title><![CDATA[18.6 lakh properties do not pay tax, identified]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12246</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 03 Nov 2011 07:20:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a survey conducted this year, the Municipal Corporation of Delhi (MCD) has identified 18.6 lakh properties that have not been paying property tax. These are new constructions and have not been under the tax net, causing the agency an annual loss of Rs 400 crore. According to MCD, at present there are 12 lakh registered properties in the Capital. “We have been getting tax from approximately 10 lakh properties. The survey will bring us additional income. These (new) properties have come up in MCD and unauthorised areas.]]></description>
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            <title><![CDATA[No work in Noida Extn till NCR board nod -Sources Say Process Could Take More Than A Month]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12245</link>
			<source>The Times of India</source>
			<pubDate>Wed, 02 Nov 2011 06:32:03 +0530</pubDate>
			<description><![CDATA[The Times of India- Early resumption of construction at Noida Extension’s housing projects is now ruled out as Greater Noida Industrial Development Authority (GNIDA) has ordered builders to keep work on hold till the court-mandated approvals are obtained. While the Authority did not say how much time the process would take, sources told TOI it would take at least a month.]]></description>
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            <title><![CDATA[Face-Off -Should Subsidy Go to Home Buyers?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12244</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 02 Nov 2011 06:31:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government’s decision to extend its 1% interest subvention scheme to small home loans of up to . 15 lakh for houses costing up to . 25 lakh, close on the heels of the RBI raising the repo rate, is meant to help home loan buyers. A subsidy on home loans is in order as the housing sector is one of the key drivers of economic growth. Policy initiatives are needed to spur investments in this sector, especially at a time when inflation is hurting people and growth is slowing down.]]></description>
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            <title><![CDATA[Home Loans Fuel Credit Growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12243</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 02 Nov 2011 06:30:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bank loans have grown at 18.7% year-on-year by the end of September in the same pace as they did in the year-ago period. Loans to industry have marginally dipped, but banks have seen a sharp rise in retail loans, particularly home loans this year. Home loans given by banks saw a 15.7% increase to . 3,66,889 crore. Private sector banks such as ICICI, HDFC Bank and Axis Bank have seen healthy growth in credit offtake in the period.]]></description>
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            <title><![CDATA[A code stopping short of good conduct]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12242</link>
			<source>Indian Express</source>
			<pubDate>Wed, 02 Nov 2011 06:26:51 +0530</pubDate>
			<description><![CDATA[Indian Express- Seeking redress against an errant builder is a cumbersome process for the home buyer. The principal issue is that of transparent contracts that also give due consideration to the rights of the buyer. The limitations of the various agencies that deal with disputes between the builder and the buyer has prompted the government to propose a regulator for the sector.]]></description>
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            <title><![CDATA[More anxiety for buyers, builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12241</link>
			<source>The Times of India</source>
			<pubDate>Wed, 02 Nov 2011 06:24:02 +0530</pubDate>
			<description><![CDATA[The Times of India- A fortnight after Allahabad High Court&#039;s order on land acquisition in Noida and Greater Noida, the status of projects in these areas remains far from clear. While all stakeholders had hailed the order at the time, the initial euphoria has died down as all construction activity remains stalled. Greater Noida Authority&#039;s direction to builders to not resume work till issues pertaining to changes in Master Plan-2021 are resolved, has again shook the confidence of both developers and thousands of homebuyers.]]></description>
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            <title><![CDATA[HDFC fund to invest 2 bln rupees in Delhi property project – sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12240</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 02 Nov 2011 06:23:12 +0530</pubDate>
			<description><![CDATA[Moneycontrol- A fund managed by Housing Development Finance Corp. will invest about 2 billion rupees ($41 million) in one of the projects of New Delhi-based real estate developer ATS Infrastructure Ltd, two sources with direct knowledge of the matter told Reuters. The investments from HDFC would be for the developer&#039;s Gurgaon project near the national capital, said the sources, who declined to be named as the talks were private.]]></description>
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            <title><![CDATA[Stage set for Lavasa prosecution]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12239</link>
			<source>Business Standard</source>
			<pubDate>Wed, 02 Nov 2011 06:22:26 +0530</pubDate>
			<description><![CDATA[Business Standard- The Maharashtra government is set to initiate legal proceedings against Lavasa Corporation in line with the earlier high court order, for violating the Environment Protection Act, 1986. The proceedings would be initiated in a Pune court. The environment department is discussing whether the criminal prosecution should be against only company directors and officials or also against public servants.]]></description>
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            <title><![CDATA[Circle rate hike way to go: Experts -Will Initially Burden Consumers But Prove To Be Beneficial In Long Run]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12238</link>
			<source>The Times of India</source>
			<pubDate>Tue, 01 Nov 2011 06:37:13 +0530</pubDate>
			<description><![CDATA[The Times of India- With the Delhi government hiking the circle rates substantially on Monday, the city’s realty market is expected to be impacted somewhat. It’s going to be a twopronged impact, say property experts. While the “white” component of the transaction will be going up as circle rates try to catch up with the grossly deflated market prices, the good news is that more genuine buyers are now expected to enter the market with financiers taking a backseat.]]></description>
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            <title><![CDATA[&quot;Developers are Opposing Regulatory Bill, Fearing Punitive Action&quot;; Interview: Kamal Nath, Union Urban Development Minister]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12237</link>
			<source>Realty Plus</source>
			<pubDate>Tue, 01 Nov 2011 06:36:29 +0530</pubDate>
			<description><![CDATA[Realty Plus- Ever since KAMAL NATH has taken over the reins of Union Urban Development Ministry in January this year, he has been proactively fast-tracking various policy initiatives to speed up real estate and infrastructure development in the country. In this exclusive interview with Realty Plus editor, Vinod Behl, Nath talks about the role of a catalyst and facilitator that his  ministry is playing to meet the unprecedented challenge of urbanisation and unveils the reform agenda with regard to affordable and sustainable housing VINOD BEHL:]]></description>
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            <title><![CDATA[Hike in circle rates may hit property demand in Delhi: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12236</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 01 Nov 2011 06:34:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Property demand in the national capital might get affected for a short term period due to sharp hike in circle rates by up to 250 per cent as this would curtail the flow of black money into the sector, according to realtors&#039; body CREDAI.]]></description>
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            <title><![CDATA[Telangana stir hurting realty in Hyderabad: Sundaram BNP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12235</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 01 Nov 2011 06:34:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The ongoing Telangana agitations may lead to a 15-20 per cent additional dip in property prices in Hyderabad, said Srinivas Acharya, managing director, Sundaram BNP Paribas Home Finance. “Due to the agitations, we have been seeing some delays in loan disbursals. There has not been any impact on real estate prices in the rest of the Telangana region. But, Hyderabad has been witnessing a fall in real estate prices following the Telangana unrest. We think, it may fall by another 15-20 per cent following the recent strike,” Acharya told a press conference on Monday.]]></description>
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            <title><![CDATA[DIPP amends  foreign investment policy to allow smooth PE exits]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12234</link>
			<source>Business Standard</source>
			<pubDate>Tue, 01 Nov 2011 06:33:12 +0530</pubDate>
			<description><![CDATA[Business Standard- PE investors will take up the matter with DEA, finance ministry, RBI. Bringing relief to the country’s private equity investors, the government has amended the foreign direct investment policy by removing a new clause that did not consider any investment with in-built options such as put options or call options as FDI transaction. Put and call options are the most common route for any PE investor to exit from his portfolio companies.]]></description>
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            <title><![CDATA[Mumbai home prices headed for sharp correction: report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12233</link>
			<source>Business Standard</source>
			<pubDate>Tue, 01 Nov 2011 06:30:47 +0530</pubDate>
			<description><![CDATA[Business Standard- Home prices in Mumbai are headed for a sharp correction, while others may remain stagnant due to rising unsold stock, says a report from Bank of India Merrill Lynch. The unsold inventory in the megapolis is the highest in the last nine quarters and will take at least 13 quarters to exhaust, says the report. Mumbai saw 1,700 units sold in third quarter of 2011 as against the total launch of 3,000 units during the quarter.]]></description>
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            <title><![CDATA[RBI raises housing loan limit for UCBs to Rs 30 lakh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12232</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 Nov 2011 06:29:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Reserve Bank today raised the cap on individual housing loan an urban cooperative bank (UCB) can disburse to Rs 30 lakh from Rs 25 lakh. The central bank bank also raised repayment period for such loans to 20 years. The housing loan limit for another category (tier-II) UCBs has been increased to Rs 70 lakh from Rs 50 lakh, RBI said in a statement.]]></description>
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            <title><![CDATA[Property rates to go up; Delhi cabinet hikes circle rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12231</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 01 Nov 2011 06:28:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- Buying a house in the city will now cost you more as Delhi Government today hiked the circle rates by up to 250 per cent for sale and purchase of property mainly to stop &quot;flow of black money&quot; in such transactions. This is the second such hike in circle rates in the city in the last nine months as it was increased by over 100 per cent in February.]]></description>
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            <title><![CDATA[NREGA has not led to labour shortage in agriculture, construction: Jairam Ramesh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12230</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 31 Oct 2011 06:42:36 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Union Minister for Rural Development Jairam Ramesh today refuted the charge that National Rural Employment Guarantee Act (NREGA) had caused labour shortage in sectors like agriculture and construction.
Ramesh said that there was a deliberate attempt to spread propaganda discrediting NREGA.]]></description>
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            <title><![CDATA[Middle class Indians appears to shed political apathy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12229</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 31 Oct 2011 06:41:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- It may seem unlikely that middle-class Indians would crave change. They mostly live in rapidly growing cities and can afford cars, appliances and other conveniences that remain beyond the reach of most Indians. Theirs is the fastest growing demographic group in the country, and their buying power is expected to triple in the next 15 years, making India one of the most important consumer markets in the world.]]></description>
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            <title><![CDATA[A benchmark in Kolkata office space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12228</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 31 Oct 2011 06:40:11 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The recent sale of a 1-million-square-foot property asset at Rajarhat, Kolkata, by AIG Global Real Estate to Ambuja Realty, will help drive up office space value in the city, according to Jones Lang LaSalle, international property consultant, which also facilitated the deal.]]></description>
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            <title><![CDATA[Delhi cabinet likely to approve &#039;new&#039; circle rates tomorrow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12227</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 31 Oct 2011 06:39:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate prices in the capital may go up further with Delhi Cabinet likely to give its nod tomorrow to enhance circle rates by up to 200 for sale and purchase of property to improve the health of state exchequer and mitigate &quot;flow of black money&quot; in such transactions.]]></description>
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            <title><![CDATA[THINK IT OVER]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12226</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:21:40 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India (RBI) continues to use its monetary policy stance to rein in inflation and the key policy rates (repo and reverse repo rates) have increased by 350 basis points since March 2010 (hundred basis points are equal to one percent). Any increase in the policy rates usually, over time translates to an increase in the interest rate that banks charge on loans and consequently the EMI that a borrower pays on a monthly basis may increase. Based on the current stance of RBI, further increase in interest rates cannot be ruled out and borrowers would have to keep this in mind when they plan their finances. Buying a property and taking a home loan, especially under these circumstances, needs to be a well thought out decision as it is a significant obligation. A prudent financial decision needs to be taken after carefully considering one&#039;s personal finances.]]></description>
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            <title><![CDATA[IN A POSITIVE DIRECTION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12225</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:19:51 +0530</pubDate>
			<description><![CDATA[The Times of India- The government&#039;s decision to offer an additional FSI of 0.33 to developers in the suburbs for a premium could spell a win-win situation. This development couldn&#039;t have come at a better moment for the realty industry. With the state government now deciding to offer an additional floor space index (FSI) of 0.33 to developers in the suburbs for a premium, it&#039;s certainly brought a wave of &quot;positive factor&quot;. Currently, builders are allowed an FSI of 1, a construction limit that will now go up to 1.33.]]></description>
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            <title><![CDATA[REDEVELOP HIGH-END PROPERTIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12224</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:17:56 +0530</pubDate>
			<description><![CDATA[The Times of India- For people who own houses worth crores in the NCR, it will be far better to tie-up with a builder and raise floors, thereby retaining a property and earning some extra money too. In the din of protests by farmers of Greater Noida and Noida for better compensation for the land that was already acquired by the government, a real estate clinic was organized in one of capital&#039;s elite clubs. It was held to answer all the possible queries of people sitting on properties worth crores in the upmarkets areas of the capital, including Malcha Marg, Greater Kailash, Hauz Khas, South Extension, Neeti Bagh and Uday Park.]]></description>
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            <title><![CDATA[HIGHWAY TO PROSPERITY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12223</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:16:11 +0530</pubDate>
			<description><![CDATA[The Times of India- Faridabad is emerging as a prime destination for investment, as a slew of roads, highways, expressways and the Metro project enhance its connectivity in the NCR, as well as with other cities in Haryana and Rajasthan. The National Capital Region (NCR) of India, the world’s second largest urban agglomeration, encompasses the entire National CapitalTerritory of Delhi, as well as the surrounding urban areas of Haryana, Uttar Pradesh and Rajasthan.]]></description>
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            <title><![CDATA[INVESTMENT-WISE: IS THE PURCHASE OF HOUSE WISE?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12222</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:13:47 +0530</pubDate>
			<description><![CDATA[The Times of India- There is a school of thought that believes it is better to stay on rent than buy a house. The logic is that purely from an investment point of view, a house purchase is a loss-making proposition and it is profitable to stay on rent.The argument that supports renting accommodation treats a house as a liability and attributes several cost heads under the &#039;real&#039; cost of housing like initial down payment, closing costs, initial upgrade costs, furnishing costs and upkeep, mortgage payments — principle, mortgage payments — interest, property taxes, insurance and maintenance plus brokerage at the time of sale.]]></description>
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            <title><![CDATA[MAINTENANCE OF APARTMENTS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12221</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:10:47 +0530</pubDate>
			<description><![CDATA[The Times of India- Services of professionals is called for in the maintenance of any apartment or real estate complex. In its absence, these buildings will decay and fall apart. Above all, nothing can be achieved without the cooperation of all the stakeholders.]]></description>
			</item><item>
            <title><![CDATA[COURT RULING A DIWALI GIFT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12220</link>
			<source>The Times of India</source>
			<pubDate>Sat, 29 Oct 2011 08:08:48 +0530</pubDate>
			<description><![CDATA[The Times of India- The recent Allahabad high court judgment has paved the way for real estate development in the Noida Extension area. It is expected that construction work will be resumed in a month’s time. This has given an immense relief to around 50,000 homebuyers in Noida Extension, which is a part of Greater Noida. The judgment was a Diwali gift to buyers, developers and a large number of farmers also.]]></description>
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            <title><![CDATA[Exploring the ‘real&#039; route]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12219</link>
			<source>The Hindu</source>
			<pubDate>Sat, 29 Oct 2011 08:07:28 +0530</pubDate>
			<description><![CDATA[The Hindu- The arrival of the first inter-rail Metro connect in Bangalore is an important milestone, for, the proximity factor makes the 6.7 km of its initial run (between Byappanahalli and M.G.Road) shrink to a 13-minute ride! This is one of the factors that make a difference in real estate pricing. Last week we brought had responses from market analysts about the change in pricing that the areas around Metro routes could bring about.]]></description>
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            <title><![CDATA[Thumbs up for fixed income assets, realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12218</link>
			<source>Financial Chronicle</source>
			<pubDate>Sat, 29 Oct 2011 08:04:17 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Barring stocks, most other asset classes did have a normal year (Samvat 2067) with prices appreciating and helping investors’ lock in gains. Fixed income on debt paper ranged between 5 and 8.5 per cent. In commodities, gold went up by 36 per cent while silver, called the poor man’s gold, beat the yellow metal yet another time by posting 40 per cent returns in the last Samvat.]]></description>
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            <title><![CDATA[HC order on Lavasa puts project’s fate in balance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12217</link>
			<source>The Times of India</source>
			<pubDate>Fri, 28 Oct 2011 06:16:45 +0530</pubDate>
			<description><![CDATA[The Times of India- The Bombay high court’s order giving a tight deadline to the Union environment and forests ministry to take a final call on Lavasa by November 10 has put the hill town’s future in jeopardy and ironically, dependent upon Maharashtra government taking strict action against the project proponents.]]></description>
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            <title><![CDATA[The promoters&#039; handbook to raising private equity capital]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12216</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 28 Oct 2011 06:15:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- Over $ 7 billion of private equity capital has flown into Indian companies in the first nine months of this year alone. As risk capital investors bet big on the entrepreneurial upsurge across the country they are finding that opportunity also comes with the risk of disputes with investee companies. High valuations and low business growth is leading to a mismatch of expectation between investor and promoter.]]></description>
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            <title><![CDATA[IT and ITeS still rule Bangalore realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12215</link>
			<source>Deccan Herald</source>
			<pubDate>Fri, 28 Oct 2011 06:13:59 +0530</pubDate>
			<description><![CDATA[Deccan Herald- Bangalore is seeing a lot of development in infrastructure and real estate. The epithet ‘India’s Silicon Valley’ is only being boosted, owing to more and more land being dedicated to the establishment of tech parks and commercial real estate Grade-A office space (office space with basic infrastructural facilities such as air-conditioning, electronics and so on).]]></description>
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            <title><![CDATA[Prepayment penalty waiver may jack up home loan rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12214</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 28 Oct 2011 06:11:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- For thousands of home loan borrowers worrying about higher equated monthly instalment (EMI) outgo due to increasing interest rates, the National Housing Board (NHB) order for the waiver of prepayment penalty would have come as a brief respite. But, the joy could be short-lived because most housing finance companies (HFCs) plan to compensate for the revenue losses from the waiver of charges through other ways, like levying higher interest rates or additional charges.]]></description>
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            <title><![CDATA[Noida farmers split over moving SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12213</link>
			<source>Business Standard</source>
			<pubDate>Fri, 28 Oct 2011 06:10:38 +0530</pubDate>
			<description><![CDATA[Business Standard- Less than a week after the Allahabad High Court gave its verdict in the Noida land acquisition case, the local farmers are already divided on whether or not to move the Supreme Court against the order. Immediately after the verdict, most of the farmers claimed they were ready to challenge the HC verdict. However, now they are having second thoughts on that.]]></description>
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            <title><![CDATA[Land plan altered in Juhu for SRA project -Six-Acre Plot Prepared For Builder By Realigning Irla Nullah]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12212</link>
			<source>The Times of India</source>
			<pubDate>Thu, 27 Oct 2011 07:27:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Asix-acre plot in Juhu, which is part of a slum redevelopment project and has a potential of over Rs 1,000 crore for the builder, was carved out by realigning the Irla nullah and shifting road and garden reservations, it has come to light. Two months ago, when the NGO Save Open Spaces submitted a plan to the BMC for a walking-and-cycling track along the nullah, it found that the six-acre plot had been parcelled off to builder Kiran Hemani by the slum redevelopment authority (SRA) a decade ago.]]></description>
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            <title><![CDATA[Dubai Floats $1-b Fund to Revive its Real Estate Sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12211</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 27 Oct 2011 07:25:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- Dubai, whose 2009 property collapse led to a debt crisis, has launched a real estate investment fund worth up to $1 billion with Canada’s Brookfield Asset Management in a bid to revive the battered sector and restore investor confidence. The emirate’s main investment vehicle, Investment Corporation of Dubai (ICD) and Brookfield will each deploy $100 million in the joint fund, UAE state news agency WAM said on Wednesday.]]></description>
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            <title><![CDATA[Paranjape Builders, Sobha and others foray into &#039;senior-living&#039; biz]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12210</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 27 Oct 2011 07:25:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- Steadily increasing life expectancy, lack of safety and security in urban areas, rising number of financially independent senior citizens and trend of nuclear family life have made senior citizens an ideal target customer for niche offerings by real estate firms. Retirement homes offer services such as facilities management , easy access to healthcare services, security systems, recreation facilities and spiritual enclaves, among others. The concept of retirement homes in India still has a social stigma of abandonment attached to it, says Saumyajit Roy, vice president, social infrastructure practice at Jones Lang LaSalle India.]]></description>
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            <title><![CDATA[Realty check]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12209</link>
			<source>The Times of India</source>
			<pubDate>Thu, 27 Oct 2011 07:24:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Finally, some concrete steps to clean up the real estate sector are being taken. The recent Supreme Court judgment stating that immovable property can only be transferred via a registered deed of conveyance should plug loopholes that buyers and sellers use to transfer property using power of attorney and other devices, thereby bypassing taxes. And the draft Real Estate (Regulation &amp; Development) Bill to be introduced in Parliament&#039;s winter session will - if implemented properly - finally afford buyers some security.]]></description>
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            <title><![CDATA[Realty firms take their brands global with projects in Sri Lanka, Africa and Europe to spread risk]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12208</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 27 Oct 2011 07:18:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- Increasingly, more and more Indian builders are looking to build projects overseas. The tallest residential building in the world has been built in Dubai by the Mumbai-based Hiranandani Group. The tallest building in Sri Lanka is being constructed by a consortium of Kolkata-based real estate builders through a subsidiary called Ind cean.]]></description>
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            <title><![CDATA[Maharashtra makes way for e-payment of stamp duty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12207</link>
			<source>Business Standard</source>
			<pubDate>Thu, 27 Oct 2011 07:16:33 +0530</pubDate>
			<description><![CDATA[Business Standard- To bring in more transparency, the Maharashtra government will launch e-payment gateways for stamp duty and registration charges. The government would also facilitate payment of stamp duty for  leave and license deals through the internet by applying digital signatures. These initiatives are part of the 32 key resource areas (KRA) fixed by the state to increase the pace of development and revenue collection.]]></description>
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            <title><![CDATA[How Oberoi Realty bucked the downtrend]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12206</link>
			<source>Business Standard</source>
			<pubDate>Thu, 27 Oct 2011 07:15:45 +0530</pubDate>
			<description><![CDATA[Business Standard- The chairman and managing director of Oberoi Realty is walking the talk. Despite a sharp decline in property values and having around Rs 1,400 crore cash on its books (Oberoi Realty is perhaps the only zero debt company in the realty pack), Oberoi says the company is in no hurry to buy new land and is waiting for good deals to come up. Oberoi Realty recently jumped three places to become the second largest real estate company by market capitalisation, overtaking Unitech, promoted by the Delhi-based Chandras.]]></description>
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            <title><![CDATA[Home loans&#039; pre-payment penalty scrapped]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12205</link>
			<source>Business Standard</source>
			<pubDate>Wed, 26 Oct 2011 07:52:20 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) has asked the banks to waive the pre-payment charges in floating rate loans. The moves, though was expected, will come as a relief to home loan borrowers, who are already stretched and grappling with rising interest rates.]]></description>
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            <title><![CDATA[Malaysian realty sector woos Indian investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12204</link>
			<source>Business Standard</source>
			<pubDate>Wed, 26 Oct 2011 07:51:06 +0530</pubDate>
			<description><![CDATA[Business Standard- Kuala Lumpur and George Town are unlikely locations on the shopping list of Indian realty investors but Malaysia’s government wants to change that. Malaysia Property Inc. (MPI), a non-profit government agency set up by the country’s Economic Planning Unit, is reaching out to the subcontinent — the first set of road shows were held across three cities earlier this month — with the intention of bringing in at least Ringgit 5 billion (about Rs 7,940 crore) of Indian investments into Malaysia’s real estate sector over the next five years.]]></description>
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            <title><![CDATA[Home prices may go up on rising cost of funds after RBI&#039;s move]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12203</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 26 Oct 2011 07:50:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- Housing prices are set to go up as real estate developers today said they will pass on the increase in cost of funds to home buyers following the Reserve Bank of India&#039;s decision to hike key policy rates.]]></description>
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            <title><![CDATA[Builders to benefit from higher floor area ratio in Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12202</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 26 Oct 2011 07:48:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- A few months ago, when the Allahabad High Court first cancelled the acquisition of land in a few villages in Noida Extension area of Greater Noida, real estate developers were in a fix. Projects and home sales got stalled and developers expected to suffer a huge loss.]]></description>
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            <title><![CDATA[RBI set to hike rates, home &amp; auto loans to get costlier]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12201</link>
			<source>The Times of India</source>
			<pubDate>Wed, 26 Oct 2011 07:47:57 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. With food inflation entering double digit figures and headline inflation almost touching the mark, most analysts feel the central bank would increase repurchase rate by 25 basis points to 8.50 per cent.]]></description>
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            <title><![CDATA[Buyers caught between banks and builders&#039; demands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12200</link>
			<source>The Times of India</source>
			<pubDate>Wed, 26 Oct 2011 07:47:03 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers in Noida Extension are in a quandary over their housing loans and the next set of installments that they have to pay the builders. After the Allahabad High Court verdict, while builders have begun dispatching demand letters, homebuyers have no word yet from the banks as to when fresh disbursements would commence for paying their installments.]]></description>
			</item><item>
            <title><![CDATA[Buying property to get simpler]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12199</link>
			<source>The Times of India</source>
			<pubDate>Wed, 26 Oct 2011 07:46:09 +0530</pubDate>
			<description><![CDATA[The Times of India- Purchasing a property will now be simpler. Home buyers will soon be able to pay fees for registration of a property document online. On Wednesday, the state cabinet is expected to discuss a proposal for amendment in the Maharashtra Stamp Act, 1958, to permit e-payment of registration fee.]]></description>
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            <title><![CDATA[Relief for small-home buyers: Govt to give 1% interest subsidy on loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12198</link>
			<source>The Times of India</source>
			<pubDate>Wed, 26 Oct 2011 07:45:01 +0530</pubDate>
			<description><![CDATA[The Times of India- It may be a case of too little too late. The government is moving to provide some relief to small home loan borrowers by providing a 1% interest subsidy for loans upto Rs 15 lakh, provided the cost of the property does not exceed Rs 25 lakh.]]></description>
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            <title><![CDATA[RBI set to hike rates, home &amp; auto loans to get costlier]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12197</link>
			<source>The Times of India</source>
			<pubDate>Tue, 25 Oct 2011 07:42:46 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. With food inflation entering double digit figures and headline inflation almost touching the mark, most analysts feel the central bank would increase repurchase rate by 25 basis points to 8.50 per cent.]]></description>
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            <title><![CDATA[Relief for small-home buyers: Govt to give 1% interest subsidy on loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12196</link>
			<source>The Times of India</source>
			<pubDate>Tue, 25 Oct 2011 07:41:51 +0530</pubDate>
			<description><![CDATA[The Times of India- It may be a case of too little too late. The government is moving to provide some relief to small home loan borrowers by providing a 1% interest subsidy for loans upto Rs 15 lakh, provided the cost of the property does not exceed Rs 25 lakh.]]></description>
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            <title><![CDATA[Buyers caught between banks and builders&#039; demands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12195</link>
			<source>The Times of India</source>
			<pubDate>Tue, 25 Oct 2011 07:40:48 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers in Noida Extension are in a quandary over their housing loans and the next set of installments that they have to pay the builders. After the Allahabad High Court verdict, while builders have begun dispatching demand letters, homebuyers have no word yet from the banks as to when fresh disbursements would commence for paying their installments.]]></description>
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            <title><![CDATA[Buying property to get simpler]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12194</link>
			<source>The Times of India</source>
			<pubDate>Tue, 25 Oct 2011 07:39:45 +0530</pubDate>
			<description><![CDATA[The Times of India- Purchasing a property will now be simpler. Home buyers will soon be able to pay fees for registration of a property document online. On Wednesday, the state cabinet is expected to discuss a proposal for amendment in the Maharashtra Stamp Act, 1958, to permit e-payment of registration fee.]]></description>
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            <title><![CDATA[House panel rejects enemy property bill for pro-heir tilt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12193</link>
			<source>The Times of India</source>
			<pubDate>Tue, 25 Oct 2011 07:38:51 +0530</pubDate>
			<description><![CDATA[The Times of India- In a setback to the government, the controversial enemy property bill - seen to benefit heirs of Raja Mahmudabad&#039;s vast properties - has been unanimously rejected by Parliament&#039;s home standing committee that has called for a recast of the proposed law. The bill did not pass muster with the standing committee that found the home ministry&#039;s arguments inadequate regarding the changes incorporated in the proposed law that the panel felt ignores the interests of thousands of tenants.]]></description>
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            <title><![CDATA[Renting and service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12192</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 25 Oct 2011 07:37:46 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- In Budget 2010, the Government used its Brahmastra and amended the Finance Act, 1994, levying service tax on renting of property. To ensure that the weapon was truly effective, the levy was made retrospective, with effect from June 1, 2007. This measure was to counter the opinion — given twice — of the Delhi High Court, in Home Solution Retail, that the pure act of renting wouldn&#039;t amount to a taxable service, since there is no value-addition involved.]]></description>
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            <title><![CDATA[Real estate needs realistic expectations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12191</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 25 Oct 2011 07:36:50 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The real estate sector is facing serious challenges in fund-raising, with limited options at this critical juncture. Serious beating down of stocks by the market precludes fund-raise through public issues. Many developers have en masse restructured their loans in 2009, precluding another round of restructuring now. The increasing interest rate and volatile economic outlook has started dampening housing demand, making banks and non-banking financial companies (NBFCs) wary of fresh lending to the sector.]]></description>
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            <title><![CDATA[RBI hints at another rate hike to tame inflation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12190</link>
			<source>Business Standard</source>
			<pubDate>Tue, 25 Oct 2011 07:36:05 +0530</pubDate>
			<description><![CDATA[Business Standard- With inflation remaining high, the Reserve Bank of India (RBI) today indicated that it may go for another round of interest rate hike tomorrow even though the step may impact the economic growth.]]></description>
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            <title><![CDATA[Home loans of up to Rs 15 lakh may get 1% interest subsidy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12189</link>
			<source>Business Standard</source>
			<pubDate>Tue, 25 Oct 2011 07:35:14 +0530</pubDate>
			<description><![CDATA[Business Standard- To give a boost to the housing sector, the government may increase tomorrow the home loan cap for availing 1% interest subsidy to Rs 15 lakh from existing Rs 10 lakh. The government may also raise the ceiling on cost of house to Rs 25 lakh from Rs 20 lakh to avail this benefit. The Union Cabinet in its meeting tomorrow may take decision on the matter, sources said. Under a scheme introduced in 2009, home loan borrowers now get 1% interest subsidy on bank loans of up to Rs 10 lakh, provided the cost of the house does not exceed Rs 20 lakh.]]></description>
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            <title><![CDATA[DB Realty stock zooms 20% on stake sale buzz]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12188</link>
			<source>Business Standard</source>
			<pubDate>Tue, 25 Oct 2011 07:33:56 +0530</pubDate>
			<description><![CDATA[Business Standard- The DB Realty stock zoomed 20 per cent on Monday on the Bombay Stock Exchange and was locked in the upper circuit at Rs 67.25 on speculation over a stake sale by the promoters. Operators and punters, looking for a quick exit from the embattled Dynamix Balwa group company, were ramping up the stock as the market was abuzz with rumours that the promoters were selling stake to IL&amp;FS and Mukesh Ambani’s Reliance Group.]]></description>
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            <title><![CDATA[Why buying a studio flat is a good investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12187</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 25 Oct 2011 07:32:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- For several months, Pune-based Kshitij Nadekar had been thinking of buying his own apartment. The 36-year-old sales and marketing executive wanted to do this mainly to save on the rent that he is currently paying-Rs 7,000 for an apartment at Koregaon. He wasn&#039;t keen on a big house as he lives alone (or with a roommate) and did not want to take a hefty loan considering the high interest rates. 
A month ago, he finally zeroed in on the perfect house: a studio apartment at Wagholi costing Rs 8.5 lakh. &quot;The main advantage is that my monthly outgo for the house will remain the same since the EMI will be equal to the rent that I am paying. Besides, I will own an asset whose price will rise in the future,&quot; says Nadekar.]]></description>
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            <title><![CDATA[Phoenix Mills plans to buy back Phoenix Market City stake]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12186</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 25 Oct 2011 07:31:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai-based realty firm Phoenix Mills plans to buy back stake from PE funds in Phoenix Market City, a mix used development project in Bangalore. Currently, Phoenix Mills holds around 46% stake in the project while three private equity funds - Horizon Venture Capital Fund Edelweiss Real Estate Fund and IL&amp;FS Investment Managers Ltd - hold 26%, 7% and 21% stake in the project. Around 195 crore was infused as equity in the Bangalore Project by all the shareholders in 2006-07.]]></description>
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            <title><![CDATA[Godrej Properties to raise Rs 750 crore to bring down promoters&#039; shareholding]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12185</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 25 Oct 2011 07:30:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties, the realty development arm of Godrej Group, will raise up to Rs 750 crore through a shares issue over the next 6-12 months to bring down promoters&#039; shareholding in the company from the current 83.79% to 75%, and to finance its ongoing as well as future projects.]]></description>
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            <title><![CDATA[Sterling Holidays to open 5 resorts soon; plans to go overseas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12184</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 25 Oct 2011 07:29:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Leisure hospitality firm Sterling Holiday Resorts is renovating its 17 existing resorts and plans to add five more properties over the next six months. With close to 57,000 members, Sterling Holidays is also exploring overseas destinations.]]></description>
			</item><item>
            <title><![CDATA[Phoenix Mills plans to buy back Phoenix Market City stake]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12183</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:05:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai-based realty firm Phoenix Mills plans to buy back stake from PE funds in Phoenix Market City, a mix used development project in Bangalore. Currently, Phoenix Mills holds around 46% stake in the project while three private equity funds - Horizon Venture Capital Fund Edelweiss Real Estate Fund and IL&amp;FS Investment Managers Ltd - hold 26%, 7% and 21% stake in the project. Around 195 crore was infused as equity in the Bangalore Project by all the shareholders in 2006-07.]]></description>
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            <title><![CDATA[Why buying a studio flat is a good investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12182</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:04:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- Most property developers include a certain number of studio apartments in their projects because these, along with 1-BHK flats, are usually the first to be bought and, therefore, generate instant working capital for them. Also known as bachelor apartments or efficiency apartments, studio flats are small and self-contained units, with sizes ranging from 300-500 sq ft.]]></description>
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            <title><![CDATA[Godrej Properties to raise Rs 750 crore to bring down promoters&#039; shareholding]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12181</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:03:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties, the realty development arm of Godrej Group, will raise up to Rs 750 crore through a shares issue over the next 6-12 months to bring down promoters&#039; shareholding in the company from the current 83.79% to 75%, and to finance its ongoing as well as future projects.]]></description>
			</item><item>
            <title><![CDATA[Tata-Woolworths pact on the rocks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12180</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:02:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- The five-year-old partnership between Australian retailer Woolworths and the Tatas for retailing of consumer electronics has come apart. Persons close to the development said Tata Sons-promoted Infiniti Retail, which runs the Croma and Croma Zip stores, has not renewed an agreement that ended in October, taking Woolworths by surprise as the Australian retailer did not view the agreement as time-bound.]]></description>
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            <title><![CDATA[&#039;Big-time infra loans may turn NPA due to regulatory hurdles&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12179</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:01:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delay in regulatory approvals for infrastructure projects worth Rs 1.18 lakh crore poses a serious risk of huge loans disbursed by banks becoming non- performing assets, says an internal note of the Finance Ministry. According to a list of big infrastructure projects, whose progress was reviewed by the Finance Ministry recently, 13 including 4,000 MW Sasan UMPP and Hindalco&#039;s Mahan are facing regulatory hurdles, mainly delay in getting clearances from the Environment Ministry for coal blocks.]]></description>
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            <title><![CDATA[Take a loan for your home renovation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12178</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:01:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- As with a child, acquiring a house is the first step to a lifetime of responsibility. A house demands frequent maintenance, from painting it and replacing broken fixtures to remodelling a room and restoring the tiling. You can probably finance most of these needs yourself, but if a major overhaul becomes necessary, you may require more money than you have.]]></description>
			</item><item>
            <title><![CDATA[Is your home loan EMI rising? Blame RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12177</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 24 Oct 2011 08:00:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- Base rate system The base rate was introduced by the RBI to replace the opaque and ineffective Benchmark Prime Lending Rate (BPLR). Under the previous system, banks were expected to lend above their BPLR, which was based on their true cost of funds. However, over time, competition forced the banks to give loans at rates lower than the BPLR.]]></description>
			</item><item>
            <title><![CDATA[Sterling Holidays to open five resorts soon plans to go overseas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12176</link>
			<source>Business Standard</source>
			<pubDate>Mon, 24 Oct 2011 07:58:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Leisure hospitality firm Sterling Holiday Resorts is renovating its 17 existing resorts and plans to add five more properties over the next six months, a top company official has said. “We are spending about Rs 150 crore for renovating our 17 resorts, which will be completed in 18-24 months time. We are also planning to add five new resorts in the next six months on a lease basis, “ Sterling Holidays Managing Director Ramesh Ramanathan said.]]></description>
			</item><item>
            <title><![CDATA[Property Expo may see deals worth Rs 150 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12175</link>
			<source>Business Standard</source>
			<pubDate>Mon, 24 Oct 2011 07:56:56 +0530</pubDate>
			<description><![CDATA[Business Standard- A four day property exhibition by the Orissa chapter of the Confederation of Real Estate Developers Association of India (CREDAI), which concluded here today, may see property deals worth about Rs 150 crore. Around 400-500 units of residential properties are expected to be sold in next four to five months on the basis of enquiries and books made during the exhibitions, said DS Tripathy, President, CREDAI, Orissa Chapter.]]></description>
			</item><item>
            <title><![CDATA[Uncertainty looms over real estate projects in the city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12174</link>
			<source>Business Standard</source>
			<pubDate>Mon, 24 Oct 2011 07:56:14 +0530</pubDate>
			<description><![CDATA[Business Standard- As West Bengal witnessed power change in the state after 34 long years, the real estate projects in the city stood standstill waiting for new people to arrive and take charge. In the last one year, the city has witnessed fewer number of new project launches as compared to last year due to delay in approvals and clearances..]]></description>
			</item><item>
            <title><![CDATA[Master Plan hurdle for dream homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12173</link>
			<source>The Times of India</source>
			<pubDate>Mon, 24 Oct 2011 07:55:17 +0530</pubDate>
			<description><![CDATA[The Times of India- Homebuyers were euphoric when the Allahabad High Court assured them in its judgment that the dream homes of middle-class families would see the light of the day. But now, they are vexed over a new set of hurdles that stares them in the face. &quot;The Greater Noida Authority has to take the approval of the National Capital Region Planning Board (NCRPB) to implement Master Plan 2021,&quot; said secretary of Noida Extension Flat Buyers Welfare Association ( NEFBWA), G L Sagar. He added, &quot;Construction can only resume when this Master Plan gets approved by the Board.&quot;]]></description>
			</item><item>
            <title><![CDATA[Officials rush to Lucknow for meet on land row]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12172</link>
			<source>The Times of India</source>
			<pubDate>Mon, 24 Oct 2011 07:54:16 +0530</pubDate>
			<description><![CDATA[The Times of India- A high-level meeting of top officials of the Noida Authority, the Greater Noida Authority and the Yamuna Expressway Authority is scheduled in Lucknow on Monday to discuss the future course of action following the Allahabad High Court verdict of October 21. Meanwhile, Noida officials are yet again in frenzy after the news that chief minister Mayawati will be visiting the city again in the first fortnight of November.]]></description>
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            <title><![CDATA[Land losers for govt projects in Margao will be compensated: Kamat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12171</link>
			<source>The Times of India</source>
			<pubDate>Mon, 24 Oct 2011 07:53:21 +0530</pubDate>
			<description><![CDATA[The Times of India- Chief minister Digambar Kamat has promised compensation to locals who have lost land for government projects in Margao, such as the proposed KTC hub and the new district collectorate building. Kamat gave the assurance, while speaking at the inauguration of the Fatorda Block Congress on Saturday.]]></description>
			</item><item>
            <title><![CDATA[Demolition fear may dampen joy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12170</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:12:03 +0530</pubDate>
			<description><![CDATA[The Times of India- Farmers in the three villages of Devla, Chak Shahberi and Asadullapur on Friday have a reason to cheer as the Allahabad High Court’s gave them their land back. However, their joy may be short-lived. A large portion of Chak Shahberi and Devla villages is plagued with illegal plotting and encroachment carried out by the farmers. The Greater Noida Authority said that it will soon raze all illegal structures.]]></description>
			</item><item>
            <title><![CDATA[New buyers to bear price rise burden]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12169</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:11:25 +0530</pubDate>
			<description><![CDATA[The Times of India- The revised compensation for farmers has made a hike in apartment prices inevitable, the organization of property developers, CREDAI, said on Friday. Welcoming the high court verdict as a “balanced one”, developers said it had paved the way for resumption of all stalled construction work in the area.]]></description>
			</item><item>
            <title><![CDATA[Mixed reaction by farmers, some may go to SC on compensation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12168</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:10:46 +0530</pubDate>
			<description><![CDATA[The Times of India- The Allahabad High Court verdict has left villagers of Devla, Chak Shahberi and Asadullahpur ecstatic. However, farmers of villages like Bisrakh and Itehda - among the other 60 villages in Noida and Noida Extension - are a dissatisfied lot. They have decided to appeal in the Supreme Court and will hold a mahapanchayat on October 25 to chalk out the future course of action.]]></description>
			</item><item>
            <title><![CDATA[Authority planning to reacquire Shahberi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12167</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:10:11 +0530</pubDate>
			<description><![CDATA[The Times of India- The Greater Noida Authority is planning to issue a fresh notification to acquire the land in Shahberi village again. The land acquisition was quashed by Supreme Court on July 6, 2011 as the farmers’ objections had not been heard. CEO of Greater Noida Authority Rama Raman said a large area of Shahberi village has already been used up in developing infrastructure integral to the new township of Noida Extension.]]></description>
			</item><item>
            <title><![CDATA[In Noida, no spare land for farmers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12166</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:09:28 +0530</pubDate>
			<description><![CDATA[The Times of India- The high court’s order for higher compensation to farmers whose land had been acquired in Noida and Greater Noida villages ended three months of suspense and tension about the fate of nearly 50,000 apartment buyers. However, not everyone is happy. While CREDAI, the apex body of builders, welcomed the clarity provided by the court, and Greater Noida Authority said it was happy with the ruling, Noida Authority said it would go in appeal to the Supreme Court against the award of 10% developed land to farmers, as it no longer had buffer land to give. Some farmers, too, said they would knock the apex court’s door for higher compensation.]]></description>
			</item><item>
            <title><![CDATA[HOME DREAMS SOAR AGAIN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12165</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:08:43 +0530</pubDate>
			<description><![CDATA[The Times of India- The Allahabad high court verdict has come as a Diwali bonanza for thousands of home buyers, who were on tenterhooks after the Shahberi judgment three months back nearly snuffed out their dream. The verdict has not only brought the curtains down on a simmering row between farmers and the Authority, but also kept existing buyers immune from cost escalation.]]></description>
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            <title><![CDATA[RAJ NAGAR EXTENSION: A MIDDLE-CLASS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12164</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:08:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Raj Nagar Extension is one place that defied many myths and perceptions in the real estate circles. One of the strongest doubts was when people started talking of the model where real estate developers work towards one project. The place saw the conglomeration of 12 developers initially, and as the project got off, more joined the cause. And, Raj Nagar Extension doled out affordable homes at a time when many such options were not available even in the Delhi NCR. As of now, there are 25 developers who have taken the job of delivering affordable houses to buyers.]]></description>
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            <title><![CDATA[BE INVESTMENT-SAVVY -A medium to long-term view is necessary for real estate investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12163</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:07:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Real estate investments for numerous investors have helped generate positive cash flows and tax benefits. However, like with any other investment or asset class, real estate has intricate nuances and is susceptible to market trends that need to be evaluated and understood prior to making any financial commitment. It may be one of the most stable investment options but in terms of liquidity, it may be the worst among all assets. Before investing, one should keep in mind that putting in basic savings is not a good idea; it is the &#039;surplus&#039; money that must be invested in real estate.]]></description>
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            <title><![CDATA[HOW LONG WILL YOUR FLAT LAST?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12162</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:06:11 +0530</pubDate>
			<description><![CDATA[The Times of India- Apartment or independent house? It is an endless debate. There are valid arguments to buttress the claims on both sides. While the jury is still out, there is a growing demand from certain sections of the housing sector, which argue that builders must ensure that the apartments they build should be able to face the vagaries of time for at least seveneight decades. There are apartments like Sagar Apartments and Sujan Singh Park, to name a few, which are still standing tall even after 40 to 60 years of their construction.]]></description>
			</item><item>
            <title><![CDATA[SLOWDOWN TIME TO BUY HOUSE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12161</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:05:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Amidst uncertain global economic conditions and unfavourable domestic conditions, the real estate market is facing a tough time. This is clearly reflected in the absorptions of office space in most of the micro-market including the Delhi NCR. According to real estate consultant DTZ, the Delhi NCR witnessed substantially lower take-up in July-September quarter of 2011. The overall take-up stood at 1.02 million sq ft, which was 48% less than the previous quarter and 25% less than the same quarter last year.]]></description>
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            <title><![CDATA[Turn Green with Pride -Eco-friendly homes, though expensive, help save money in long run]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12160</link>
			<source>Business Today</source>
			<pubDate>Sat, 22 Oct 2011 08:04:10 +0530</pubDate>
			<description><![CDATA[Business Today- Green homes are not a lifestyle statement for those concerned about their carbon footprint. Many builders are marketing their properties with the help of green ratings and certificates. However, all properties being advertised as &#039;green&#039; or &#039;eco-friendly&#039; may not be so. Many small- and mid-sized builders call their projects eco-friendly just because they have lawns and landscaped gardens.]]></description>
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            <title><![CDATA[Noida extension: No impact to current buyers, future prices may go up 15%, says CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12159</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 22 Oct 2011 08:02:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- Hailing the Allahabad High Court&#039;s judgement on Greater Noida land acquisition, builders today said existing flat buyers will be immune to higher compensations to farmers although rates for future projects could rise by up to 15 per cent. The developers also claimed there would be no impact of court&#039;s judgement to quash land acquisition of three villages -- Asdullapur, Yusufpur Chak Shaberi and Devla -- on builders as well as flat buyers as no projects were launched in these locations yet.]]></description>
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            <title><![CDATA[‘BDA committed to meeting dream home aspirations’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12158</link>
			<source>Daily Pioneer</source>
			<pubDate>Sat, 22 Oct 2011 08:01:26 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- It’s good news of those who are dreaming to get a house in Bhubaneswar at affordable costs. The Bhubaneswar Development Authority (BDA) is contemplating to raise a huge stock in its proposed land bank programme for housing projects meant for all segments of people. Real estate developers and prospective property dealers would be provided land from the land bank for lower, middle and higher income groups’ people, BDA vice-chairman Deoranjan Kumar Singh said |here on Friday.]]></description>
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            <title><![CDATA[‘No rate hike for existing flat owners’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12157</link>
			<source>The Times of India</source>
			<pubDate>Sat, 22 Oct 2011 08:00:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Existing buyers in Noida and Greater Noida may be insulated from any extra burden. CMD of Amrapali Anil Sharma, who is also the president of Confederation of Real Estate Developers&#039; Association of India ( CREDAI), said the builders in Noida Extension have decided not to pass on the extra cost to the existing buyers. Amrapali is the largest developer in the area with around 500 acres of land.]]></description>
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            <title><![CDATA[Politician-corporates nexus greatest threat for Indian economy`]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12156</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 22 Oct 2011 08:00:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a recent open letter, the second in nine months, drafted by senior business leaders such as Deepak Parekh, chairman of HDFC, and N Vaghul, who built institutions such as ICICI Bank from ground up, expressed concern over what they describe as a growing nexus between corporates and politicians. That nexus, the 14 signatories fear, &quot;is one of the greatest threats for the Indian economy&quot;.]]></description>
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            <title><![CDATA[Noida can be a global financial hub: Assocham]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12155</link>
			<source>Business Standard</source>
			<pubDate>Sat, 22 Oct 2011 07:58:55 +0530</pubDate>
			<description><![CDATA[Business Standard- The Associated Chambers of Commerce and Industry of India (Assocham) has proposed development of Noida as International Finance Technology City on the lines of Tokyo, Shanghai, Paris and London. The proposed city could generate additional 1.2 million direct and indirect employment opportunities by 2020 counting on growing infrastructure like DND toll bridge, metro connectivity, projected international airport, Yamuna Expressway, export processing zone (EPZ) and IT.]]></description>
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            <title><![CDATA[Home prices may rise after land verdict]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12154</link>
			<source>Business Standard</source>
			<pubDate>Sat, 22 Oct 2011 07:58:09 +0530</pubDate>
			<description><![CDATA[Business Standard- The Allahabad High Court on Friday annulled land acquisition in three villages (Deola, Chak Shahberi and Asadullahpur) of Noida and Greater Noida in Uttar Pradesh. The verdict could drive real estate prices up by around 20 per cent in the area as builders will have to shell out serious money to compensate farmers.]]></description>
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            <title><![CDATA[Rahejas ink JV with Burj Khalifa builder Arabtec]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12153</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:57:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Dubai’s Arabtec Construction has inked a $204-million contract with Indian joint venture partner Raheja Developers for construction of three mixed use projects in New Delhi and Gurgaon, the company has said. The UAE’s largest construction firm said this is the first contract under the joint venture between Arabtec and Raheja Developers, which is currently under formation.]]></description>
			</item><item>
            <title><![CDATA[3 Noida villages get back land, higher payment for rest]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12152</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 22 Oct 2011 07:56:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Allahabad High Court has allowed farmland acquired under controversial circumstances on the outskirts of Delhi to be used for residential and commercial development, lifting the cloud of uncertainty that hung over builders, farmers and over two lakh families. On Friday, the court ordered the Uttar Pradesh government to pay a higher price to farmers for the land it acquired in 60 villages and turned over to property developers. In three other villages, the court said the land must be returned to the farmers.]]></description>
			</item><item>
            <title><![CDATA[Invest $500,000 in property and stay in America?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12151</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:55:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- Two American senators have introduced a bill that calls for the creation of a new homeowner visa that will allow foreigners who spend at least USD 500,000 on residential property in the US to obtain visas allowing them to live in the country. The bipartisan proposal, part of a package that also would make it easier for international tourists to visit the US, is similar to an existing programme that puts foreigners on a fast track to a green card if they invest at least USD 500,000 in an American business that creates at least 10 jobs.]]></description>
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            <title><![CDATA[Govt planning housing scheme for seniors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12150</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:54:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra Government is contemplating a housing scheme for senior citizens, to be executed by Maharashtra Housing And Area Development Authority (MHADA) in Mumbai and neighbouring satellite towns. Minister of State for Housing, Sachin Ahir, said the scheme will be a part of the proposed comprehensive policy for welfare of senior citizens .]]></description>
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            <title><![CDATA[&#039;Noida land acquisition ruling pro buyers&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12149</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:53:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hailing the Allahabad High Court&#039;s judgement on Greater Noida land acquisition (including Noida Extension), builders today said existing home buyers will be immune to higher compensations to farmers although rates for future projects could rise by up to 15 per cent. The developers also claimed there would be no impact of court&#039;s judgement to quash land acquisition of three villages -- Asdullapur, Yusufpur Chak Shaberi and Devla -- on builders as well as flat buyers as no projects were launched in these locations yet.]]></description>
			</item><item>
            <title><![CDATA[HC sets aside land acquisition in Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12148</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:52:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a setback to the Mayawati government and thousands of apartment buyers, the Allahabad High Court today set aside acquisition of land in three villages of Noida, Greater Noida and Noida Extension areas while ordering enhanced compensation to farmers of some other villages in Gautam Budh Nagar district.]]></description>
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            <title><![CDATA[Mumbai suburbs to get addl FSI: Chavan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12147</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 22 Oct 2011 07:52:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- Maharashtra Chief Minister Prithviraj Chavan today said state government has decided to offer an additional 0.33 FSI (floor space index) to real estate developers in Mumbai suburbs for a premium. Currently, the government has allowed a global FSI of 1 in the suburbs while in the island city it is 1.33. The developers are therefore buying transfer of development rights (TDRs) from the market to increase the FSI to as high as 2.]]></description>
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            <title><![CDATA[Dwarka flats: Govt notifies self-draw]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12146</link>
			<source>The Times of India</source>
			<pubDate>Fri, 21 Oct 2011 07:19:33 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi government has notified regularization of the self-draw of flats in the Dwarka Cooperative Group Housing Societies (CGHS), months after announcing its intention to do so. But the members who went for self-draw without the approval of the registrar of cooperative societies have to pay a penalty of Rs 15,000 for twobedroom, Rs 20,000 for threebedroom and Rs 25,000 for fourbedroom flats.]]></description>
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            <title><![CDATA[MIXED BAG FOR REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12145</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:18:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- On an average, real estate transactions increase by 25-35% during the festive season? Will Diwali add the much needed sparkle to the real estate this year? A developer makes one third of all the sales in real estate during October and November, the festive season. A time when it is considered auspicious to make new purchases and the weather, too, is at its best. Nearly all agree that on an average, the &#039;great Indian festive season&#039; stokes up transactions by over 25%. Diwali ushers in the new business year for all north Indians;traditionally, this is the time to shop or start new ventures.]]></description>
			</item><item>
            <title><![CDATA[Live your dream]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12144</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:16:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- A beautiful luxury dream home is a wonderful reward for all the long hours and hard work one puts in to have a comfortable life. With a complete understanding of the customers, Jaypee Greens - the real estate arm of Jaypee Group, has made a place in the heart of many home seekers. The offerings from Jaypee Greens are aimed at fulfilling the dreams and aspirations of its residents by providing them with a perfect combination of luxury, comfort and world class amenities, all at one place.]]></description>
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            <title><![CDATA[Indians Remit More Than $1 b Abroad in FY11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12143</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:16:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Indians are remitting money abroad at a frantic pace. Data recently released by the Reserve Bank of India shows doubling, tripling — and in some cases, up to 30 times increase — in spending by Indians overseas on purchase of property, stocks and gifts in the past five years. Outward remittances (investments or spending on assets and items abroad) under the Liberalised Remittance Scheme of the Reserve Bank crossed the billion-dollar mark for the first time in financial year 2010-11.]]></description>
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            <title><![CDATA[Applying for a Home Loan Need not be a Harrowing Experience for You]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12142</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:15:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Irrespective of your financial standing, a first home has a very special emotional place in your heart. Then, why should it be a cause for anxiety? The reason is obviously the housing loan that we need for buying the house. Questions that arise are before buying a home are: How much will I get as loan? How much paperwork will be involved? Will my application be rejected? What if I get a raw deal on the interest rate?]]></description>
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            <title><![CDATA[Pre-payment Penalty Ban Hits HFC Stocks -Investors fear ban will squeeze earnings, but analysts say penalty earning is minuscule]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12141</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:14:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Shares of housing finance companies fell in a weak market on Thursday on concern the regulatory move to ban these firms from penalising pre-payment of loans would affect their profits. But analysts said such worries are stretched as revenues from pre-payment of loans contributed only marginally to their earnings.]]></description>
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            <title><![CDATA[Less Fireworks for Builders This Diwali --Buyers are looking for a correction in property prices rather than some festive season freebies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12140</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:13:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- The period around Diwali is usually the best time in the building trade, but this festive season a triple cocktail of volatile markets, double-digit interest rates and poor consumer confidence in a slowing economy has hit sales volumes, portending hard times for India’s real estate sector. Some brokers and market experts are bracing themselves for a 25-30% drop in transaction volumes in the country’s top six property markets during the October-December busy season, which, if it happens, could trigger a competitive spiral of discounting to get rid of mounting inventories and restore depleted cash levels.]]></description>
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            <title><![CDATA[M’rashtra Govt to Take Action Against Lavasa -Govt’s counsel tells Bombay HC action against firm within two weeks for green laws violation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12139</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:12:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Lavasa Corporation will face action from the Maharashtra government for violation of environmental laws within the next two weeks. This was declared by the state government’s counsel in Bombay High Court on Thursday. Union Ministry of Environment and Forests ( MoEF) had denied permission to the first phase of Lavasa sighting environment law violations and had suggested that the state government should initiate action against Lavasa.]]></description>
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            <title><![CDATA[Morgan Stanley, GIC in talks for Mumbai property for $200 million: Sources]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12138</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:11:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Investors including a fund managed by Morgan Stanley and the Government of Singapore Investment Corp are in separate talks to buy a Mumbai property from Indian textiles firm Alok Industries for about $200 million, two sources with direct knowledge of the matter told Reuters.]]></description>
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            <title><![CDATA[Ambuja Realty buys RMZ&#039;s block in Ecospace park]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12137</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 21 Oct 2011 07:10:22 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Kolkata-headquartered real estate major Ambuja Realty on Thursday acquired the RMZ block at Ecospace Business Park in Rajarhat satellite township on the Eastern fringe of the city. According to sources, the deal size is in excess of Rs 300 crore. According to market sources, Ambuja Realty&#039;s acquisition of nearly 9 lakh sq. ft at around Rs 3,333.34 a sq.ft is reportedly the largest commercial property purchase in the city so far.]]></description>
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            <title><![CDATA[Bankers fear new borrowers will prefer housing finance firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12136</link>
			<source>Business Standard</source>
			<pubDate>Fri, 21 Oct 2011 07:09:45 +0530</pubDate>
			<description><![CDATA[Business Standard- The National Housings Bank’s (NHB) latest circular waiving penalty on full home loan prepayment may give housing finance companies (HFCs) an edge over banks this festival season. Bankers said the Reserve Bank of India (RBI) should also issue the same guidelines for banks to avoid a situation where HFCs have an advantage over banks.]]></description>
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            <title><![CDATA[SBI hikes home loan tenure to 30 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12135</link>
			<source>Business Standard</source>
			<pubDate>Fri, 21 Oct 2011 07:08:47 +0530</pubDate>
			<description><![CDATA[Business Standard- There is some good news for home loan borrowers, with the State Bank of India increasing loan tenures by 10 more years. Other banks are expected to follow suit. Banks normally keep the equated monthly instalment on home loans intact and extend tenure to pass on the rate increase. SBI has allowed stretching the loan repayment tenure to a maximum of 30 years as interest rates have risen by 250-300 basis points in the past year and a half.]]></description>
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            <title><![CDATA[Omshakthy venture with Malaysian equity fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12134</link>
			<source>The Hindu</source>
			<pubDate>Fri, 21 Oct 2011 07:07:56 +0530</pubDate>
			<description><![CDATA[The Hindu- Omshakthy Agencies (Madras) Pvt. Ltd., a real estate developer in Tamil Nadu, and FIRE (First Indian Real Estate) Capital Fund Mauritius Pvt. Ltd., a private equity fund for real estate, have launched Omshakthy FIRE Realty (P) Ltd., a 50:50 joint venture special purpose vehicle for a new project in Chennai.]]></description>
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            <title><![CDATA[Sebi to probe allegations against DLF, Sudipti Estates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12133</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 21 Oct 2011 07:07:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- Market regulator Sebi today said it will probe allegations by a Delhi-based businessman that he was duped of Rs 34 crore by DLF Limited and Sudipti Estates. The probe order follows a Delhi High Court ruling on a complaint filed by Kimsuk Krishna Sinha in 2007 against the DLF Group and Sudipti Estates.]]></description>
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            <title><![CDATA[NHB scraps home loan pre-payment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12132</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 21 Oct 2011 07:06:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a Diwali bonanza for thousands of borrowers, housing finance regulator National Housing Bank (NHB) has directed all housing finance companies to desist from imposing a pre-payment penalty on home loan borrowers. The levy of a charge on borrowers for pre-closure of housing loans by housing finance companies (HFCs) has been considered further by the NHB in the light of subsequent developments and it has been decided that hereafter, housing finance companies should not charge a pre-payment levy or a penalty on pre-closure of housing loans, the regulator said in a notification.]]></description>
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            <title><![CDATA[Delhi-Mumbai Industrial Corridor to be totally green]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12131</link>
			<source>The Hindu</source>
			<pubDate>Fri, 21 Oct 2011 07:05:35 +0530</pubDate>
			<description><![CDATA[The Hindu- The ambitious Delhi-Mumbai Industrial Corridor (DMIC) would be totally green, Union Minister for New and Renewable Energy Farooq Abdullah announced at an “International Conference and Exhibition on Green Buildings” here on Thursday. Dr. Abdullah said not only would the DMIC be completely green, but the towns on the stretch would also be environment-friendly. “Work on the ambitious corridor that connects the capital with the country&#039;s financial capital has already started and the government would make all efforts to make the country greener.”]]></description>
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            <title><![CDATA[New green building rating system launched]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12130</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 21 Oct 2011 07:04:52 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- It will soon be possible to rate buildings according to their environmental friendliness. The upgraded Leadership in Energy and Environmental Design 2011(LEED 2011 for India) rating system for green buildings was launched by the Union Minister of New and Renewable Energy, Dr Farooq Abdullah, on Thursday. The new rating comes into effect immediately and seeks to ensure energy efficiency and sustainable buildings. LEED 2011 was organised by the Indian Green Building Council of the Confederation of Indian Industry).]]></description>
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            <title><![CDATA[NCR population shot up by 40% in 10 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12129</link>
			<source>The Times of India</source>
			<pubDate>Thu, 20 Oct 2011 06:28:28 +0530</pubDate>
			<description><![CDATA[The Times of India- The urban agglomeration of Delhi has for the first time overtaken that of Mumbai, whose UA’s population in 2011 stood at 18.4 million according to the latest census data, but if Vasai-Virar municipal corporation is added to Mumbai UA, it still stands shy of 20 million.]]></description>
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            <title><![CDATA[Delhi topples Mumbai as maximum city -Capital’s Urban Sprawl Has Over 2cr Popn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12128</link>
			<source>The Times of India</source>
			<pubDate>Thu, 20 Oct 2011 06:27:53 +0530</pubDate>
			<description><![CDATA[The Times of India- The urban agglomeration of Delhi has for the first time overtaken that of Mumbai, a TOI analysis of census data just released shows. Close to 22 million people now live in Delhi’s extended urban sprawl, while Mumbai is home to close to 20 million. The census defines an urban agglomeration (UA) as “a continuous urban spread constituting a town and its adjoining outgrowths”.]]></description>
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            <title><![CDATA[Don’t Just Go by Rates when Seeking Home Loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12127</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 20 Oct 2011 06:26:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Banks are offering dual rates and low fixed rates on home loans to attract customers anxious about the interest rate hikes. Dual rates are hybrid loan products, offering a combination of fixed rates for the first few years and floating rates in the subsequent years. ICICI Bank recently launched a dual-rate product. HDFC and LIC Housing Finance followed suit. Axis Bank, on the other hand, launched a low fixed rate scheme with a tenure of 20 years — the rate is 2.5% lower than the fixed rates of other banks.]]></description>
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            <title><![CDATA[WCL wants coal belt around Nagpur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12126</link>
			<source>The Times of India</source>
			<pubDate>Thu, 20 Oct 2011 06:26:01 +0530</pubDate>
			<description><![CDATA[The Times of India- The district&#039;s natural wealth is gradually proving a bane for the city and its nearby areas. A large number of thermal power plants are coming up around the city because as per the government this area is close to mines and has lot of water. If this was not enough, Western Coalfields Limited (WCL) wants to dig up the areas around the city, some of which will soon become suburbs of Nagpur.]]></description>
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            <title><![CDATA[Acid test for realty in DLF-CCI spat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12125</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 20 Oct 2011 06:24:20 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- As the realty major DLF moves the Competition Appellate Tribunal (Compat) to challenge the Competition Commission of India (CCI) penalty of `630 crore, the real estate sector will soon get an answer as to whether their business falls under the service sector. The fact of the matter is that the CCI has used the rules of competition to achieve consumer protection. There is a blurred vision because CCI jurisdiction is on competition whereas consumer protection is a separate subject.]]></description>
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            <title><![CDATA[Mauritius PE firm to develop five township projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12124</link>
			<source>Business Standard</source>
			<pubDate>Thu, 20 Oct 2011 06:23:26 +0530</pubDate>
			<description><![CDATA[Business Standard- Fire Capital Fund Mauritius Pvt Ltd, a private equity fund focusing on the Indian housing market, is planning to develop five township projects in various parts of the country in next few years. The $121-million (around Rs 596 crore) fund would enable the company to invest around $200 million (around Rs 983 crore) including co-investment options, in the Indian real estate business.]]></description>
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            <title><![CDATA[Malaysia lures Indian realty investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12123</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 20 Oct 2011 06:22:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- With 3.29 lakh sq km land and a meagre population of 28 million Malaysian government is luring affluent Indians to invest in the real estate sector. The ‘Malaysia My Second Home’ (MM2H) programme initiated by Malaysia Property Incorporated (MPI), a government agency to promote corporate and individual foreign direct investment, has laun-ched its campaign in select Indian cities.]]></description>
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            <title><![CDATA[Tata Housing brings Amantra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12122</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 20 Oct 2011 06:21:52 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Tata Housing Development Company, recently annou&shy;nced the launch of Amantra, a luxury residential township with 14, 24, 29 and 34-storey towers with a total project cost of Rs 1,000 crore on the Thane-Kalyan Road, a Mumbai suburb. Amantra has approximately 2,500 apartments including 2 BHK and 3 BHK houses, and the prices range from Rs 40 lakh (for a minimum size of 927sq ft) to Rs 65 lakh.]]></description>
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            <title><![CDATA[Unitech presents Crestview project in Sect-70 Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12121</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 20 Oct 2011 06:21:15 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Unitech, India’s leading business group and an integrated developer of large-scale real estate projects, has announced the launch of “Crestview Apartments”. Crest&shy;view is being launched as a part of Wildflower Country, a 100-acre township in sector 70, Gurgaon, being developed by Unitech. Crestview offers apartments in sizes ranging from 925 – 1,402 sq ft in G+13 level towers with each floor having four units.]]></description>
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            <title><![CDATA[Check before insuring your house]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12120</link>
			<source>Business Standard</source>
			<pubDate>Thu, 20 Oct 2011 06:20:42 +0530</pubDate>
			<description><![CDATA[Business Standard- Insurers are particular about a few criteria when providing a cover. After her father&#039;s demise a year ago, Sumati Upadhyay decided to insure her ancestral home in Allahabad, as there was no one to look after it back there. She was looking to insure the building and its contents with a comprehensive householder&#039;s plan.]]></description>
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            <title><![CDATA[AR Group launches villa projects on ECR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12119</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 20 Oct 2011 06:19:39 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Chennai-based AR Group, which had earlier promoted the premium IT park, Ac&shy;ropolis in Chennai’s upmarket Dr Radhakr&shy;ishnan Road, has now announced the launch of premium high-end villas on the scenic East Coast Road (ECR). The project, Amara Ananta, coming up at Palavakkam on ECR and located close to the city, will offer a total of 25 high-end premium villas. Each villa will come up on a two and half ground land (one ground = 2,400 sq ft) and around 5,500 sq ft built-up area.]]></description>
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            <title><![CDATA[Rich investors seek high realty returns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12118</link>
			<source>Business Standard</source>
			<pubDate>Thu, 20 Oct 2011 06:18:59 +0530</pubDate>
			<description><![CDATA[Business Standard- HNIs pick, sell and buy back products that offer returns of more than 20% a year on investment. Products structured on real estate and promising over 20 per cent annual returns are gaining popularity among wealthy investors. These products, sold by wealth managers to their high networth individual (HNI) clients, could have land or unfinished properties as underlying assets, with a buyback agreement after a certain number of years.]]></description>
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            <title><![CDATA[Give value, get cash]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12117</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 20 Oct 2011 06:18:04 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Gone are the days of exclusive and expensive real estate deals. Of late, the developers seem to believe that new projects at “right value” may revive their fortunes. The falling sales have crimped cash flows and profits, forcing the developers to rethink their strategies. Pradeep Misra, fo&shy;under director of REPL, a Delhi-ba&shy;sed urban planner, believes the industry has devised a way to overcome the cash crunch. “The developers are launching new, economically viable projects from their available stocks. This will convert their assets in stocks into current assets and will improve cash flow. Cash inflow in a project is always much better initially than at the latter stage,” says Misra.]]></description>
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            <title><![CDATA[Direct Taxes Code will come next year: Finmin]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12116</link>
			<source>Business Standard</source>
			<pubDate>Thu, 20 Oct 2011 06:17:06 +0530</pubDate>
			<description><![CDATA[Business Standard- The government on Wednesday expressed optimism that the Direct Taxes Code (DTC) would come into force from the next financial year. Finance minister Pranab Mukherjee said he was confident of the DTC being recommended by the standing committee in the coming (winter) Parliament session. “I hope that I will get the legislation by the Budget session,” he told an economic editors’ conference here, answering a question.]]></description>
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            <title><![CDATA[Housing finance cos barred from levying pre-payment penalty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12115</link>
			<source>Business Standard</source>
			<pubDate>Thu, 20 Oct 2011 06:16:08 +0530</pubDate>
			<description><![CDATA[Business Standard- National Housing Bank (NHB) has asked the housing finance companies (HFCs) not to levy penalty on pre-closure of floating rate home loans even if the pre-payment is made through funds borrowed from other banks and finance companies. There are 54 HFCs in India which account for 33-35 per cent of the Rs 500,000 crore home loan market in the country.]]></description>
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            <title><![CDATA[High prices, loan rates dash home dreams]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12114</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 20 Oct 2011 06:15:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- Home maker Sumita Sarin’s hunt for the past six months to buy a house in Mumbai is turning out to be an ordeal. “Sometimes the properties disappointed us and sometimes the exorbitant prices,” says Sarin, 29. Her hopes of a dream home in Diwali is also thinning. “We were hoping that we could close something by Diwali in hopes of good discounts, but we are disappointed,” says Sarin. Analysts and consultants say prices have risen even as developers offer discounts to the catalogue rates.]]></description>
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            <title><![CDATA[India’s tallest tower gets booking worth `100 crore in festive season]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12113</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 19 Oct 2011 06:29:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The real estate market may be in a slump but the onset of the festive season seems to be bringing in good cheer for the country’s tallest bui&shy;lding project — the HDFC, Temasek and Government of Singapore Investment Corporation backed Lodha World One.]]></description>
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            <title><![CDATA[Milestone Capital may be put on block]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12112</link>
			<source>The Times of India</source>
			<pubDate>Wed, 19 Oct 2011 06:28:44 +0530</pubDate>
			<description><![CDATA[The Times of India- Milestone Capital, with assets under management worth almost $800 million, may be exploring strategic options, including a sale, after investment bankers approached with proposals from potential suitors, said multiple sources briefed on the matter. Dewan Housing Finance Corporation, Religare Enterprises are among the possible suitors linked to an interest in Milestone whose founder Ved Prakash Arya passed away in a freak accident recently.]]></description>
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            <title><![CDATA[Sahara must refund Rs 24,000 crore to investors: The Securities Appellate Tribunal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12111</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 19 Oct 2011 06:27:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Securities Appellate Tribunal (SAT) has upheld a regulatory order directing the Sahara group to refund Rs 24,000 crore - equivalent to the country&#039;s second-biggest lender ICICI Bank&#039;s deposit growth last fiscal - for violating securities laws. The refund by two group companies - Sahara India Real Estate and Sahara Housing Investment Corp - with a 15% interest to nearly 3 crore investors should be done within six weeks, the order said. Sahara said it would appeal against the order in the Supreme Court.]]></description>
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            <title><![CDATA[Real estate developer Akshaya plans to strengthen its presence in south India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12110</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 19 Oct 2011 06:26:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate developer Akshaya has chartered out plans for the next five to 10 years with an aim to strengthen its presence in South India. The expansion plan is also part of the city-based firm&#039;s foray into new verticals like developing commercial properties, Information Technology parks, health care and schools.]]></description>
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            <title><![CDATA[Governance challenge]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12109</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 19 Oct 2011 06:25:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Managing rapid urbanisation is a key emerging challenge for the country. India’s cities score low on key parameters like transportation and infrastructure, ease of doing business, sustainability, demography and liveability, health, and safety and security. An estimated R18,000 crore per year is the investment required in the 63 cities covered by JNURRM. India has over 5,000 urban agglomerations and towns, each growing rapidly to take the country’s urbanisation level to 40%.]]></description>
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            <title><![CDATA[Castles in the air]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12108</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 19 Oct 2011 06:23:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Indian real estate industry has seen spectacular growth during the past five years. Various estimates indicate a compounded annual growth rate of 25-30% during this period, leading to the industry size being pegged at $12-15 billion. This growth has been driven by a combination of factors such as favourable demographics, rapid urbanisation and a steady growth in per capita income. These factors were aided by a benign macro-economic environment of high GDP growth driven by a rapid expansion of services sector, easy availability of financing and low interest rates during a major part of the past five years.]]></description>
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            <title><![CDATA[Office space leasing falls 38 pc in July-Sept quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12107</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 19 Oct 2011 06:22:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- The leasing of office spaces fell 38 per cent from July-September at over 5 million sq ft in seven major Indian cities over the previous quarter due to the uncertain global economic environment, according to property consultant CB Richard Ellis (CBRE).]]></description>
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            <title><![CDATA[HDFC nos quell slump fears, net climbs 20%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12106</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 18 Oct 2011 06:35:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Housing Development Finance Corp (HDFC), the nation&#039;s largest mortgate lender, forecast a 20% increase in loans for the fiscal despite 12 interest rate increases by the Reserve Bank of India, as aggregate demand remains strong, contrary to slowdown fears. The home loan provider said the most expensive real estate market in Mumbai may be facing slowing sales, but demand in the rest of the country was strong as farm incomes and government welfare schemes boost rural economy.]]></description>
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            <title><![CDATA[Selling your home? Claim tax benefit by reinvesting the cash]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12105</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 18 Oct 2011 06:33:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- If you are planning to sell your present house property, be aware of the tax consequences on the gains. Not to worry… the taxman has allowed certain reliefs that can help in planning the tax liability on such a sale, subject to satisfaction of the relevant conditions. Capital gain arises when the sale consideration exceeds the cost of acquisition of a house property. Depending on the period of holding the property, such capital gains can be classified as short-term or long-term. If the property is held by the seller for up to 36 months, the gains on sale will be considered as short-term capital gains (STCG). If the property is held for more than 36 months, these will be long-term capital gains (LTCG).]]></description>
			</item><item>
            <title><![CDATA[Largest mixed used city centre unveiled in Ahmedabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12104</link>
			<source>Business Standard</source>
			<pubDate>Tue, 18 Oct 2011 06:32:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developer, Alpha G:Corp Development Private Limited on Monday unveiled the &#039;AlphaOne&#039;, the largest mixed used city centre in Ahmedabad. Spread across an area of over 1.2 million square feet, the city centre will house some of the biggest brands in retail and entertainment in the country including Lifestyle, Cinepolis, Shoppers Stop, and HyperCity, among others.]]></description>
			</item><item>
            <title><![CDATA[Equity scores over real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12103</link>
			<source>Business Standard</source>
			<pubDate>Tue, 18 Oct 2011 06:31:32 +0530</pubDate>
			<description><![CDATA[Business Standard- Besides issues like transaction and maintenance cost, real estate suffers from lack of returns, unless booked.
Most Indians believe the real estate is the best asset class. This belief stems from its ever-increasing prices and the number of nouveau rich it has produced overnight. However, the return a developer or a builder can reap from realty is significantly higher than what an investor can.]]></description>
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            <title><![CDATA[Oberoi Realty plans rate hike to improve margins]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12102</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 18 Oct 2011 06:30:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Despite a slowdown in the realty market, Oberoi Realty is planning to increase price of its residential projects by Rs 500-1,000 per sq ft in Mumbai to boost its margins, contrary to the trend of offering festive season discounts by other developers. Vikas Oberoi, chairman, Oberoi Realty, said, “We have already increased price of one of our projects – Oberoi Splendor Grande by Rs 1,000 per sq ft. We are planning to increase prices of our other projects too in the near future by Rs 500-1,000 per sq ft.”]]></description>
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            <title><![CDATA[Real estate deals to get a reality check]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12101</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 18 Oct 2011 06:28:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate transactions will never be the same again. Buyers, sellers or builders who thought a property deal could be easily concluded and taxes evaded by using instruments like general power of attorney (GPA), agreement to sale (SA) or a Will have woken up to a new reality after a recent order by the Supreme Court.
The apex court last week passed a landmark judgment in the case of Suraj Lamp &amp; Industries clarifying that immovable property can only be transferred or conveyed by a registered deed of conveyance.]]></description>
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            <title><![CDATA[&#039;Adopt IFRS, skip keeping 2 acc books&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12100</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 18 Oct 2011 06:27:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Companies wanting to migrate to international auditing norms, IFRS, may be spared from maintaining two books of accounts -- one under the Companies Act and the other for taxation purposes, if a Finance Ministry proposal gets implemented. The proposal, which was floated in a Discussion Paper on Tax Accounting Standards (TAS) issued by the ministry today, aims at &quot;reducing the complinace burden on businesses&quot;.]]></description>
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            <title><![CDATA[Delhi circle rates may be hiked by 200%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12099</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 18 Oct 2011 06:26:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi Government is planning to hike the circle rates -- the minimum valuation of land and immovable properties -- by up to 200 per cent in posh colonies in the city, a move aimed at tackling black market and which may trigger hefty rise in property rates. Top officials in Delhi Revenue department said government wants to hike the circle rates to stop &quot;flow of black money&quot; in property transactions so that government does not lose revenue from registration fee and stamp duty.]]></description>
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            <title><![CDATA[Labour pain- NREGS substantially reduces labour supply to industries, threatening to slow down economy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12098</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 17 Oct 2011 06:31:46 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- There is an unpleasant twist in the India growth story. The country’s supposed demographic advantage — a growing proportion of working people in its overall population — was to power India’s fast growth up to 2030 and beyond. It now tu&shy;rns out that the economy is going through labour pa&shy;ngs and unable to deliver gr&shy;owth. The boon of an ab&shy;undance of cheap labour is gone. A shortage coupled with the rising cost of skilled and even unskilled workers are turning out to be bane of the economy in recent mo&shy;nths. Companies across manufacturing and services sectors, including IT/ITES, are unable to get the right people for the right jobs. Sourcing workforce isincreasingly becoming a painful pro&shy;cess.]]></description>
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            <title><![CDATA[Revamp urban planning: Developers- Orissa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12097</link>
			<source>Indian Express</source>
			<pubDate>Mon, 17 Oct 2011 06:30:47 +0530</pubDate>
			<description><![CDATA[Indian Express- There is an urgent need to prepare master plans for emerging towns and cities and equip them with essential infrastructures and facilities in view of rapid urbanisation of the State. Urban planning in the State needs a paradigm shift from the prevailing trend of land development for housing followed by creating necessary infrastructure and amenities, to studying and facilitating infrastructure before proceeding for land development, real estate developers have emphasised.]]></description>
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            <title><![CDATA[Housing demand estimated to be over two million units in five years: Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12096</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 17 Oct 2011 06:29:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- A recent report titled Embracing Change - Scripting the future of Indian Real Estate estimated a total demand of 2.3 million units of residential property in the next five years, while the estimated supply in the same year is expected to be approximately 1 million units leaving an short fall of over 1.3 million units. The report analysed demand for the top seven cities - NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.]]></description>
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            <title><![CDATA[Killer policies squeeze life out of realty goose - smart moves may save the day]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12095</link>
			<source>The Times of India</source>
			<pubDate>Mon, 17 Oct 2011 06:28:52 +0530</pubDate>
			<description><![CDATA[The Times of India- HDFC Property Management Services and BCC Infrastructure launched a unique housing project in Ghaziabad in the NCR where the buyer is offered a subvention scheme which divides the payment in the ratio of 20:80. The buyer can acquire property at a booking price of 20% and rest 80% can be paid at the time of possession, and till then there will be no interests or EMIs.]]></description>
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            <title><![CDATA[Good time to buy property in Hyderabad, says AP CM]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12094</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 17 Oct 2011 06:27:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, today said this is a good time to buy real estate in Hyderabad as prices are reasonable and affordable for the middle class. Speaking after inaugurating the Andhra Pradesh Real Estate Developers Association (APREDA) property show here today, Mr Reddy said bandhs and strikes have affected several sectors in the State, including real estate and IT. But people are coming out of this issue.]]></description>
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            <title><![CDATA[Home financiers go to town for growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12093</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 17 Oct 2011 06:26:59 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- There are always few topics that are favourite subjects of discussion at any family gathering, reunions or coffee shop conversations, like the latest movies, recent performance of the Indian cricket team and the new real estate developments in the city and how the prices have become high and prohibitive. Reams of newspaper columns and television minutes have also been spent on explaining how increasing prices and interest rate hikes will impede growth in the real estate sector.]]></description>
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            <title><![CDATA[Realty firms&#039; profit decline may continue]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12092</link>
			<source>Business Standard</source>
			<pubDate>Mon, 17 Oct 2011 06:26:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate companies continue to feel the pain in the second half of the current financial year, though city-based developer Oberoi Realty posted a 17 per cent growth in the net profit for the second quarter of 2011-12 at Rs 111.44 as compared to Rs 95.51 crore in the corresponding period in the previous fiscal. The second quarter of the present 2011-12 will see property companies posting an average 18 per cent drop in net profits, according to data culled from six stock brokerages. But analysts are divided on the growth in the net Q2 sales of realty companies this year. Some have predicted a 4 to 5 per cent dip in it, while others forsee a marginal increase.]]></description>
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            <title><![CDATA[Oberoi now 2nd most valued realty firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12091</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 17 Oct 2011 06:25:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mumbai-based Oberoi Realty has pipped Unitech to become the country&#039;s second largest real estate company after DLF in terms of market capitalisation.
Oberoi Realty&#039;s market cap now stands at Rs 7,372.12 crore, higher than Unitech&#039;s Rs 7,149.92 crore.]]></description>
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            <title><![CDATA[Hochtief plans multi-million Canada, India takeovers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12090</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 17 Oct 2011 06:24:19 +0530</pubDate>
			<description><![CDATA[The Financial Express- The biggest German construction group, Hochtief, plans to make acquisitions in Canada and India totalling hundreds of millions of euros.]]></description>
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            <title><![CDATA[Needed: A planned urban future]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12089</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 17 Oct 2011 06:23:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Town and country planning, urban and regional planning, city planning, all these basically mean one and the same thing; organising, allocating and regulating physical space for public good in our human settlements. The origins of town planning date back several thousands of years. In more contemporary times, however, the first laws for modern town planning were enacted in Italy. Soon, similar laws were enacted in Britain. India followed suit in the year 1915 when the erstwhile Bombay Presidency enacted a town planning legislation. The need to plan our human settlements, particularly our towns, had arisen primarily on account of the urgent need to maintain good public health and prevent the spread of disease.]]></description>
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            <title><![CDATA[MIXED BAG FOR REALTY IN FESTIVAL SEASON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12088</link>
			<source>The Times of India</source>
			<pubDate>Sat, 15 Oct 2011 07:48:53 +0530</pubDate>
			<description><![CDATA[The Times of India- A developer makes one third of all the sales in real estate during October and November, the festive season. A time when it is considered auspicious to make new purchases and the weather, too, is at its best. Nearly all agree that on an average, the &#039;great Indian festive season&#039; stokes up transactions by over 25%.]]></description>
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            <title><![CDATA[LIVE ALONG THE FAST LANE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12087</link>
			<source>The Times of India</source>
			<pubDate>Sat, 15 Oct 2011 07:47:38 +0530</pubDate>
			<description><![CDATA[The Times of India- Upcountry, an integrated township spread over 100 acres, is located along the Yamuna Expressway, and is the latest offering from Supertech Limited. Situated on the rim of Greater Noida, Upcountry borders the international Formula 1 race track and is in close proximity to the Night Safari and the proposed international airport at Jewar. Along with the excellent physical infrastructure of Noida-Greater Noida and the 165km-long Yamuna Expressway to Agra, the realty market here will rival the NH-8 of Gurgaon.]]></description>
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            <title><![CDATA[REALTY SECTOR A SERVICE PROVIDER?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12086</link>
			<source>The Times of India</source>
			<pubDate>Sat, 15 Oct 2011 07:44:36 +0530</pubDate>
			<description><![CDATA[The Times of India- As the realty major DLF moves into the Competition Appellate Tribunal (COMPAT) to challenge the Competition Commission of India’s (CCI’s) penalty of Rs 630 crore upon it, the real estate sector will soon get an answer as to whether their business falls under the service sector. The CCI imposed a fine of Rs 630 crore a fortnight ago on DLF for “abusing its dominant market position in the Belaire project”. In the investigation, CCI found DLF “guilty of increasing the number of floors midway, not following the time schedule for completion and possession and forfeiture of booking amount upon any cancellations”.]]></description>
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            <title><![CDATA[Power of Attorney Ban to Hit Resale Value of Homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12085</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 15 Oct 2011 07:43:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home sales in the resale market will slow down, if not come to a naught, after a recent court order barring sale of immovable properties through power of attorney, said experts. The order comes as a double whammy for the realty sector, already reeling under falling new home sales and record high unsold inventories. The move will lead to a 15-20% decline in property prices in the resale market by the end of this year, catering to buyers who are not able to afford new apartments and could even result in new homes prices falling.]]></description>
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            <title><![CDATA[Real Estate Finds Favour with Traditional Business Houses -Wadias, Piramals, Godrejs, Lalbhais and Tatas plan to develop their land bank instead of selling them]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12084</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 15 Oct 2011 07:42:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- A clutch of India’s old and storied business houses are turning real estate into their core business, unlocking revenue potential in large tracts of land held by them over generations. Bombay Dyeing scion Jeh Wadia is revamping his empire with the aim of earning three-fourths of his group’s revenue in five years from building homes, offices and malls. Sanjay Lalbhai, whose Arvind Mills is one of the top makers of denim cloth in the world, also sees real estate as a key revenue earner in the years ahead.]]></description>
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            <title><![CDATA[Price of properties with GPA title may fall by 20%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12083</link>
			<source>Zee News</source>
			<pubDate>Sat, 15 Oct 2011 07:41:16 +0530</pubDate>
			<description><![CDATA[Zee News- Valuation of immovable properties owned under general power of attorney (GPA) might fall by about 20 percent as the Supreme Court has declared the sale of properties through this deed illegal, industry experts said Friday. However, the apex court&#039;s decision would not have any adverse impact on big organised developers and rather they could have some benefit in short-term.]]></description>
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            <title><![CDATA[Sobha buys out Pan Atlantic Investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12082</link>
			<source>Business Standard</source>
			<pubDate>Sat, 15 Oct 2011 07:40:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Bangalore-based realty firm, Sobha Developers has bought entire equity of its joint-venture partner, Pan Atlantic Investments Limited, a Dubai-based PE investment company for Rs 98.5 crore, in one of its special purpose vehicles, Sobha Developers (Pune) Private Limited. Before the deal, Pan Atlantic Investments Ltd held an 81 per cent stake in the company and the rest was held by Sobha.]]></description>
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            <title><![CDATA[No clearance for Lavasa till Maharashtra acts, says Environment Ministry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12081</link>
			<source>The Hindu</source>
			<pubDate>Sat, 15 Oct 2011 07:38:42 +0530</pubDate>
			<description><![CDATA[The Hindu- The Union Ministry of Environment and Forests (MoEF) has refused to grant a clearance to Lavasa&#039;s ambitious lake city project in the hills near Pune. It cited the lack of credible action by the Maharashtra government against the company for violations as the reason. In its order, dated October 13, MoEF notes that in its June order and affidavit to the Bombay High Court, it was willing to clear Lavasa&#039;s first phase, subject to five preconditions. Lavasa was responsible for four of these – an environmental restoration fund, 5 per cent of profits earmarked for CSR, a revised development plan and a commitment not to further violate green norms. The Ministry now says that the company has shown “willingness to comply with these stipulations”.]]></description>
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            <title><![CDATA[&#039;Hindu women get equal property rights&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12080</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 15 Oct 2011 07:37:36 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Hindu woman or girl will have equal property rights along with other male relatives for any partition made in intestate succession after September 2005, the Supreme Court has ruled. A bench of justices R M Lodha and Jagdish Singh Khehar in a judgement said that under the Hindu Succession (Amendment) Act, 2005, the daughters are entitled to equal inheritance rights along with other male siblings, which was not available to them prior to the amendment.]]></description>
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            <title><![CDATA[Court refuses to stop wall raising, blocking sun and air]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12079</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 15 Oct 2011 07:36:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- A city court has rejected the plea of two Old Delhi residents to stop their neighbour from raising a wall blocking air and light to their house, saying the two have to first prove they have the &quot;easementary&quot; right to access air and sun from across the wall. &quot;The right of enjoyment and easement are yet to be proved by leading evidence,&quot; said senior civil judge Ajay Goel, rejecting the plea.]]></description>
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            <title><![CDATA[BCCL acquires stake in Investors Clinic Infratech]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12078</link>
			<source>The Times of India</source>
			<pubDate>Fri, 14 Oct 2011 06:27:09 +0530</pubDate>
			<description><![CDATA[The Times of India- Bennett Coleman &amp; Co Ltd (BCCL) has acquired stake in Investors Clinic Infratech Pvt Ltd (IC), a company engaged in the business of providing marketing and real estate services to builders across India. Started by 32-year-old Honey Katiyal in 2007, IC is the largest company in the sector and has helped around 15,000 home buyers and investors in 2010-11 to invest in properties. The company had reported revenues of over Rs 100 crore in 2010-11 and has been growing at more than 100% for past four years. IC has appointed PwC to raise $15 million for funding growth and is in advanced stages of discussion with two large funds.]]></description>
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            <title><![CDATA[70% sales take place through GPA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12077</link>
			<source>The Times of India</source>
			<pubDate>Fri, 14 Oct 2011 06:26:09 +0530</pubDate>
			<description><![CDATA[The Times of India- A senior lawyer who vets sale documents for a leading bank estimated that in Delhi around 70% of property sales take place through GPA and SA. In particular, apartment owners in societies which have not got a completion certificate would find themselves on a sticky wicket since these flats cannot be converted into freehold. Till now, these properties could be sold through GPA and SA. The new ruling would effectively mean such apartments cannot be sold.]]></description>
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            <title><![CDATA[Regulations in realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12076</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 14 Oct 2011 06:25:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate sector is facing a tough time. On the one hand, a slowdown of the economy has cast a shadow on the demand for houses and office space. The problem has only been compounded by a lack of transparency and good regulations in the sector. On the other hand, the disputes in land acquisition by the Greater Noida authority has further eroded the credibility of developers in the eyes of buyers and investors, despite the fact that they were hardly at fault, as they bought the land from the government authority.]]></description>
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            <title><![CDATA[TAX RELIEF -Net wealth limit may increase to 1 crore for wealth-tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12075</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 14 Oct 2011 06:24:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Direct Taxes Code Bill, 2010 proposes to increase the limit of net wealth to Rs 1 crore for the purpose of wealth-tax.At present wealth-tax is payable if the net wealth exceeds rupees thirty lakhs. After the Direct Taxes Code, 2010 becomes law, then save as otherwise provided in the Code,it shall come into effect from 1st April, 2012. The Code shall consolidate and amend the law relating to direct taxes such as income-tax and wealth-tax.]]></description>
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            <title><![CDATA[Enjoy the Singaporean lifestyle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12074</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 14 Oct 2011 06:23:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- M3M India Ltd has launched M3M Merlin - Singapore style residential in the heart of Gurgaon. M3M Merlin offers competitively priced living to people looking for style and a classy lifestyle while staying close to their workplace. Styled along the lines of convenience and style of Singapore, M3M Merlin offers a truly international living experience that too at an excellent location with connectivity to South Delhi &amp; NH-8.]]></description>
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            <title><![CDATA[Buying home insurance? Check exclusions first]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12073</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 14 Oct 2011 06:23:00 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Devirani Sharma, a school teacher in Mumbai, had insured her ancestral house in Kanpur with a householder’s insurance policy. However, the house would remain locked for most part of the year and Sharma would go there only for a few days during the annual school summer vacation. Little did Sharma know that her insurance company (a leading private sector insurance company) would refuse to pay the claim for a burglary in the house. Reason: The house was unoccupied for more than 30 days.]]></description>
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            <title><![CDATA[Mumbai overflows with office space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12072</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 14 Oct 2011 06:21:59 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- An oversupply of commercial office space in Mumbai and other metros could lead to a huge price correction in the country’s realty market. According to the annual report of Cushman &amp; Wakefield (C&amp;W) and Global Real Estate Institute (GRI), the highest supply of A Grade office space is approximately 78 million sqft, against the demand of 33.9 million sqft.In Mumbai, supply is expected to outstrip demand by 125% by the end of five years, leading to an expected downward price trend going forward.]]></description>
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            <title><![CDATA[Don&#039;t wait for real estate prices to fall to buy a flat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12071</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 14 Oct 2011 06:21:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- The hide and seek game between developers and buyers is in full swing in the property market this festive season. Looking to cash in on the typical surge in demand for homes during the period, real estate players have already lined up a variety of baits - from the usual free parking and club membership to holidays abroad, free iPad, LCDs, Xbox and so on - to lure customers, who are spooked by exorbitant property prices and scorching interest rates.]]></description>
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            <title><![CDATA[SC rule on realty sales via power of attorney stumps players]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12070</link>
			<source>Business Standard</source>
			<pubDate>Fri, 14 Oct 2011 06:19:32 +0530</pubDate>
			<description><![CDATA[Business Standard- The real estate sector is in a tizzy, trying to assess the implications of the Supreme Court verdict terming as “illegal” any sale of immoveable property through power of attorney (POA) unless the case is “genuine”. Industry analysts argue it is tough to indicate the market size of POA transactions, but some rough estimates suggest this could constitute as much as 70 per cent of the total real estate deals in parts of northern India, especially Delhi.]]></description>
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            <title><![CDATA[India has the 12th largest HNI club; HNI population grew 22% in 2009-10 with assets worth $582 bn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12069</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 14 Oct 2011 06:18:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s high net worth individuals&#039; wealth grew by 22% in 2009-10 to $582 billion compared to $477 billion in 2008-09, a 2011 Asia-Pacific Wealth report by Merrill Lynch Global Wealth Management and Capgemini said. 
According to the report, India&#039;s population of high net worth individuals increased their exposure to equities, real estate, gems and jewellery in 2010, reflecting regained confidence even as the financial crisis subsided.]]></description>
			</item><item>
            <title><![CDATA[New financial hub in Rajarhat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12068</link>
			<source>Business Standard</source>
			<pubDate>Fri, 14 Oct 2011 06:17:40 +0530</pubDate>
			<description><![CDATA[Business Standard- In an effort to develop Kolkata into an economic destination, the Mamata Banerjee-led West Bengal government is going to come up with a financial hub through the Housing Infrastructure Development Corporation (Hidco) at Rajarhat in the outskirts of the city. The first phase of the project is set to come up at 25 acres at New Town near Rajarhat will see an investment of about Rs 250 crore.]]></description>
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            <title><![CDATA[Kolkata to sign an MoU with City of London]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12067</link>
			<source>Business Standard</source>
			<pubDate>Fri, 14 Oct 2011 06:16:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Taking chief minister Mamata Banerjee’s dream of transforming Kolkata into London a step forward, the West Bengal government and the City of London will sign a memorandum of understanding through which the UK-based financial and professional service institutions will invest in the infrastructure sector of the city.]]></description>
			</item><item>
            <title><![CDATA[Sale deed must for selling property: SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12066</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 14 Oct 2011 06:16:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- All property sales will be held invalid unless the transaction is by way of a sale deed duly stamped and registered, the Supreme Court ruled in a judgment today, meant as a blow to “land mafia” and the black money menace. “Transfer of immoveable property by way of sale can only be by a deed of conveyance (sale deed). In the absence of a deed of conveyance (duly stamped and registered as required by law), no right, title or interest in an immoveable property can be transferred,” the apex court held.]]></description>
			</item><item>
            <title><![CDATA[Realtors seek PM intervention for single-window clearance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12065</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 13 Oct 2011 06:30:40 +0530</pubDate>
			<description><![CDATA[Moneycontrol- In order to make property sector transparent and corruption-free, realtors&#039; apex industry body CREDAI today sought Prime Minister&#039;s intervention for a single-window clearance for developing projects. The association had presented a comprehensive check list for single window clearance to Urban Development Minister Kamal Nath in Singapore earlier this year.]]></description>
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            <title><![CDATA[Patel Realty Expects to Double Profit on India’s Home Demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12064</link>
			<source>Bloomberg</source>
			<pubDate>Thu, 13 Oct 2011 06:29:56 +0530</pubDate>
			<description><![CDATA[Bloomberg- Patel Realty Ltd., the real estate unit of Indian construction company Patel Engineering Ltd. (PEC), expects profit to double this year on rising demand for homes in the world’s second-fastest growing major economy. The developer may post a profit of as much as 400 million rupees ($8.2 million) in the year ending in March, compared with about 200 million rupees in the previous 12 months, Managing Director Rupen Patel said in an interview in Mumbai today. Earnings may gain about 80 percent next year, he said.]]></description>
			</item><item>
            <title><![CDATA[Disha Direct’s Riverdale project at Talegaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12063</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 13 Oct 2011 06:29:12 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Disha Direct, a Mumbai-based developer, who is also into second home business, has launched Riverdale housing project at Talegaon, near Pune. Spread over 11 acres, it comprises 65 villas, 48 apartments and 20 shops. “The Riverdale project, located on the banks of Indrayani River at Talegaon, is an ideal getaway,” Santosh Naik, managing director of Disha Direct told Financial Chronicle. He said that the firm had invested a total of Rs 28 crore, raised both from the interval accruals and bank loans.]]></description>
			</item><item>
            <title><![CDATA[Amarprakash launches Royal Castle in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12062</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 13 Oct 2011 06:28:29 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Amarprakash, an upcoming property developer focused on developing residential projects in southern suburbs of Chennai, has now launched Royal Castle, a residential township at Chromepet, a southern suburb of the city. Royal Castle will offer a total of 1,249 apartments, to be developed across phases, and the project is coming up over an expanse of 17 acres of land. It will offer a mix of studio apartments, 1BHK, 2BHK and 3BHK apartments as well as pent houses and duplex apartments through this project.]]></description>
			</item><item>
            <title><![CDATA[Prestige Sunnyside launched in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12061</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 13 Oct 2011 06:27:45 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Bangalore-based Prestige Gr&shy;oup has launched yet another residential project – Prestige Sunnyside, which is located off the Sarjapur-Marthahalli Ring Road, behind the Cisco campus. The project is spread over 7.50 acres and offers exclusive two, three and four bedroom apartme&shy;nts in two blocks, Oak and Elm. Size of each unit ranges from 1,311 sq ft to 2,439 sq ft. The starting price of each unit is fixed at Rs 56 lakh onwards.]]></description>
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            <title><![CDATA[Here comes Piramal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12060</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 13 Oct 2011 06:27:03 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Once a booming market – which spelled gloom for genuine house hunters and mouth-watering returns for investors – Mumbai was hit by the global recession. But Mumbai lived up to its image of a resilient city, and picked its pace. Yet again, Mumbai market is flooded with concerns of another slowdown. Yet again, that has not stopped the traditional bigwigs such as Hiranandani, Lodha and Godrej from hitting the market with new projects, despite moribund demand and high interest rates. While not many vie for the top slot in Mumbai’s market today, there is one that hopes to emerge a leading player in terms of projects under development – Piramal Realty.]]></description>
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            <title><![CDATA[Fire Capital ties up with US firm to start value housing projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12059</link>
			<source>Business Standard</source>
			<pubDate>Wed, 12 Oct 2011 06:36:07 +0530</pubDate>
			<description><![CDATA[Business Standard- Promoters of real estate-centric private equity fund Fire Capital and America-based real estate investment and development firm, The Related Group of USA, are coming together to develop value housing projects in tier-2 and-3 cities. Both entities plan to invest Rs 6,000 crore on Astrum Homes over four years.]]></description>
			</item><item>
            <title><![CDATA[Home loan EMIs to rise by 6k cr - Borrowers Pay 15% More In Monthly Instalments As Banks Hike Rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12058</link>
			<source>The Times of India</source>
			<pubDate>Wed, 12 Oct 2011 06:35:15 +0530</pubDate>
			<description><![CDATA[The Times of India- Increase in equated monthly installments (EMIs) due to rising interest rates and reset of teaser loans will put additional annual burden of about Rs 6,000 crore on home loan borrowers. According to a report by Crisil, higher EMIs and slowdown in economic growth would also increase bad loans for lenders.]]></description>
			</item><item>
            <title><![CDATA[Commercial property prices on rising trajectory, say experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12057</link>
			<source>Business Standard</source>
			<pubDate>Wed, 12 Oct 2011 06:34:34 +0530</pubDate>
			<description><![CDATA[Business Standard- The commercial property prices are likely to go up by 20 per cent in the state over the next two years. Bhubaneswar being one of the most happening cities in the country and there being wide gap between the demand and supply of commercial space here, the prices are likely to go up, say the experts.]]></description>
			</item><item>
            <title><![CDATA[For realtors, Delhi has edge over Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12056</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 12 Oct 2011 06:33:18 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Mumbai may be a prominent global destination, but major real estate players believe it is the other Indian cities where the potential lies, at least for the next one year. They say cities including NCR, Gurgaon, Delhi, Bangalore, Chennai, Hyderabad and Pune are showing great promise ahead, while citing supply-demand scenario, infrastructure, demographic aspects and affordability as the reasons for the shift.]]></description>
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            <title><![CDATA[DLF to raise Rs 2,500 cr from Aman resorts stake sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12055</link>
			<source>Business Standard</source>
			<pubDate>Wed, 12 Oct 2011 06:32:28 +0530</pubDate>
			<description><![CDATA[Business Standard- India&#039;s largest realty firm DLF is looking to raise up to Rs 2,500 crore by selling its stake in luxury hospitality chain Amanresorts and the deal is likely to be closed by December-end. According to sources, the company has received offers from few potential buyers and the same is being evaluated. DLF had acquired controlling stake in Amanresorts for $400 million in 2007. It has now 100% stake in the hospitality chain that has about 25 resorts across the world.]]></description>
			</item><item>
            <title><![CDATA[Office space supply to exceed demand by 2015, says Cushman &amp; Wakefield and Global Real Estate Institute report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12054</link>
			<source>The Times of India</source>
			<pubDate>Wed, 12 Oct 2011 06:31:30 +0530</pubDate>
			<description><![CDATA[The Times of India- Mumbai is expected to witness a glut of office space in the near future. By 2015, a total of 78 million square feet of office space will be created in the city, said an annual report by global real estate consultants. The report said the significant oversupply is expected to outstrip demand for approximately 33.9 million sq ft by 125% by 2015, thereby putting a downward pressure on office rentals in the financial capital.]]></description>
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            <title><![CDATA[Fire Capital promoter forms realty firm, to invest Rs 6,000 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12053</link>
			<source>Business Standard</source>
			<pubDate>Wed, 12 Oct 2011 06:30:39 +0530</pubDate>
			<description><![CDATA[Business Standard- Private equity fund Fire Capital&#039;s promoter has tied up with a clutch of US-based realty firms to form a new company that plans to invest Rs 6,000 crore in the next four years on developing 32,000 homes across the country. The new venture &#039;Astrum Homes&#039; is an FDI funded, real estate development company, which has been set up to develop projects in tier II and III cities targeting middle and upper middle income segments.]]></description>
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            <title><![CDATA[Real estate major Unitech offers to buy out Telenor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12052</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 12 Oct 2011 06:29:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate group Unitech has offered to buy Norwegian partner Telenor&#039;s 67.25% stake in their mobile joint venture Uninor for Rs 269 crore, escalating hostilities between the two. The Delhi-based group&#039;s offer was made in a petition before the Company Law Board on Tuesday in which it accused Telenor and its executives of &#039;oppressive and mala-fide actions&#039;.]]></description>
			</item><item>
            <title><![CDATA[Lodha Group announces Rs 10,000-cr project in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12051</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 12 Oct 2011 06:25:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- Leading city-based real estate developer Lodha Group today announced over Rs 10,000 crore investment in a new project in the island city. The project, titled New Cuffe Parade, will come up at Wadala and is spread across 23 acres over the next five to seven years. The project will comprise commercial as well as residential towers.]]></description>
			</item><item>
            <title><![CDATA[Bubble concerns spread to China commercial property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12050</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 12 Oct 2011 06:25:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- The entire property market in China is facing an uncertain future that may have grave consequences for the investors. Concerns about a bubble in China&#039;s residential property market are spreading to the commercial real estate sector at a time when developers are upping their exposure, and the country&#039;s insurance industry is poised to invest huge sums into the space.]]></description>
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            <title><![CDATA[BJP leader alleges Rs 8,000-cr scam in Noida, approaches Lokayukta]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12049</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 12 Oct 2011 06:23:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Alleging a Rs 8,000-crore scam in the allotment of land under the Noida Group Housing Scheme, Bharatiya Janata Party (BJP) leader Kirit Somaiya lodged a complaint with Lokayukta N K Mehrotra on Monday. In his complaint, Somaiya alleged that the New Okhla Industrial Development Authority (Noida) had allotted 38,22,000 square metres of land to private builders in 2009-10 and 2010-11 at Rs 8,131 crore, though the cost of the land — according to district circle rate — was more than Rs 16,000 crore.]]></description>
			</item><item>
            <title><![CDATA[Refund customers&#039; money: Court to realtor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12048</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 12 Oct 2011 06:22:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- A Noida-based realtor firm, facing probe for allegedly duping its customers, has been ordered by a Delhi court to refund Rs 35.32 lakhs to its three customers for its failure to deliver them the flats and plots booked with it. Additional District Judge Nivedita Anil Sharma also asked Green City Build Tech Ltd to refund its customers the money with an 11 percent interest on the booking amount from the date of the filing of the petition.]]></description>
			</item><item>
            <title><![CDATA[DLF moves Compat on 630cr fine]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12047</link>
			<source>The Times of India</source>
			<pubDate>Tue, 11 Oct 2011 06:31:50 +0530</pubDate>
			<description><![CDATA[The Times of India- DLF has approached the Competition Appellate Tribunal (Compat) seeking stay against fair trade watchdog Competition Commission&#039;s order levying a Rs 630 crore penalty for abusing its dominant position.]]></description>
			</item><item>
            <title><![CDATA[Buyers wait for property prices to fall; Mumbai developers hike prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12046</link>
			<source>NDTV</source>
			<pubDate>Tue, 11 Oct 2011 06:30:54 +0530</pubDate>
			<description><![CDATA[NDTV- Property prices are not tumbling now but could fall later. The world growth may slow down and property prices may sag in many markets. Indian property prices continue to remain resilient. A couple of securities firms visited the ‘property exhibition 2011’ held in Mumbai for 3 days to October 9, 2011.]]></description>
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            <title><![CDATA[DLF challenges CCI order; tribunal to hear appeal next month]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12045</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 11 Oct 2011 06:29:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty giant DLF has approached the Competition Appellate Tribunal (COMPAT) seeking stay against fair trade watchdog CCI&#039;s order which has asked the company to pay a penalty of Rs 630 crore for abusing its dominant position. DLF began the process of submitting its appeal on Friday and its petition was registered today by COMPAT, sources said, adding the matter has been posted for hearing on November 9.]]></description>
			</item><item>
            <title><![CDATA[CRZ violations -MCZMA notice to Shah Rukh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12044</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 11 Oct 2011 06:28:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- The MCZMA has sent a notice to Shah Rukh Khan to respond in writing to allegations of CRZ violations during the construction of his Bandstand home, Mannat. The MCZMA had on March 12, 2009, decided to serve Khan a notice under Section 5 of the Environment Protection Act (EPA), 1986, asking him to respond with details, after a complaint by activist Amit Maru.]]></description>
			</item><item>
            <title><![CDATA[Ansal&#039;s property sales halve in Q2]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12043</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 11 Oct 2011 06:26:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Amid high interest rates hurting buyers&#039; sentiment, real estate major Ansal Properties and Infrastructure&#039;s sales almost halved to Rs 349 crore for the quarter ended September. In a communique to the investors, the company said it had sold area worth Rs 692 crore in the corresponding quarter last fiscal.]]></description>
			</item><item>
            <title><![CDATA[Just 3.3% of urban Indian population gets home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12042</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 10 Oct 2011 06:34:52 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- With housing complexes and apartments cropping up at every nook and corner of most Indian cities, have you ever wondered how many Indians avail of housing loans? Your query would be much tougher to answer than you imagined. This is because, In India, there are no figures from the government agencies — Reserve Bank of India (RBI) included— about how many Indians get housing loans, especially in urban areas.]]></description>
			</item><item>
            <title><![CDATA[Real estate FDI worries may continue this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12041</link>
			<source>Business Standard</source>
			<pubDate>Mon, 10 Oct 2011 06:33:56 +0530</pubDate>
			<description><![CDATA[Business Standard- The level of foreign direct investment (FDI) in the real estate sector, which was at a low in 2010-11, is unlikely to show a quantum jump this year, courtesy a slow GDP growth rate, high debt levels of the real estate developers, labour shortage, economic crisis in the US and Europe -- according to experts.]]></description>
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            <title><![CDATA[DLF readies to challenge CCI&#039;s Rs 630-cr penalty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12040</link>
			<source>Business Standard</source>
			<pubDate>Mon, 10 Oct 2011 06:33:03 +0530</pubDate>
			<description><![CDATA[Business Standard- DLF Ltd has appealed to the Competition Appellate Tribunal (Compat), challenging an order by competition watchdog CCI to pay a Rs 630-crore penalty for “abuse” of its dominant market position in the country’s real estate business. Sources IN the capital-headquartered company said it had started the process related to the move, and would officially be moving the apex tribual on Monday.]]></description>
			</item><item>
            <title><![CDATA[Transparency, efficiency to be the turning points in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12039</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 10 Oct 2011 06:31:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- The developer community is slowly realising that honesty in dealings may no longer be an add on but is turning into a necessity to woo the hard to get customer nowadays. Look at the parameters that are undergoing a change within your average real estate transaction between a middle class buyer and the developer. Owing to certain developments, the Indian real estate sector is slowly developing a mature visage.]]></description>
			</item><item>
            <title><![CDATA[Slums need to be prevented, rather than cured]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12038</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 10 Oct 2011 06:30:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- What are slums? What are squatters? Is there a difference between the two? While a ‘slum’ is defined as any area that is unfit for human habitation by virtue of lack of proper light and ventilation, lack of basic amenities, over crowding, poor construction, etc., irrespective of the title to the property. Squatters are families who occupy lands that do not belong to them. Therefore, while slums relate to squalid conditions, squatting relates more to legality of occupation. While a slum may not necessarily be a squatter, a squatter is invariably always a slum. As a result, in most cities in India, the distinction is quite blurred and the term ‘slum’ is a more commonly accepted term to mean squatters.]]></description>
			</item><item>
            <title><![CDATA[Take advantage of home loan discounts on offer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12037</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 10 Oct 2011 06:30:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- The interest rates for home loans has been going through the roof for the last couple of quarters. At the same time, CPI inflation is stubbornly at double digits. As a result, people have postponed their decision to buy a home or invest in real estate. In such a scenario, banks are looking for ways to become innovative with their loan offerings with all the more reason to do so, as we are in the thick of the festive season!]]></description>
			</item><item>
            <title><![CDATA[Indian professor in US plans $300 house for the poor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12036</link>
			<source>Business Standard</source>
			<pubDate>Sat, 08 Oct 2011 07:07:54 +0530</pubDate>
			<description><![CDATA[Business Standard- Vijay Govindarajan, now a professor who teaches international business at the US-based Tuck School of Business, has a dream that could become a reality soon. He wants even the &#039;very poor&#039; to have a house for just $300 each (around Rs 15,000). Along with a marketing expert, Christian Sarkar , he wrote a blog on the website of Harvard Business Review about this possibility last year, and followed with a contest.]]></description>
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            <title><![CDATA[Realtors Offer Freebies to Offload Inventories]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12035</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 08 Oct 2011 07:06:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- Buying a house this festive season might take you on a holiday to Singapore, may be get you a car or even some gold. Developers are trying to use the general upbeat mood during the festivities to push sales by offering freebies and discounts of up to 20% to homebuyers. For the last few quarters, home sales have languished and inventories have piled up across cities. According to property research firm Liases Foras, Mumbai currently has over 108 million sq ft of unsold stock while the national capital region has close to 220 million sq ft. The top six cities combined have unsold stock of over 503 million sq ft, roughly the size of Manhattan island in New York.]]></description>
			</item><item>
            <title><![CDATA[NOIDA ROW TO END SOON]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12034</link>
			<source>The Times of India</source>
			<pubDate>Sat, 08 Oct 2011 07:04:43 +0530</pubDate>
			<description><![CDATA[The Times of India- The uncertainty in the real estate sector in Noida is likely to be resolved in the next couple of months, said Balvinder Kumar, Noida Authority’s chairman and CEO, while answering queries from one of the participants at a seminar, Noida Unravelled - The Road Ahead, organized by The Times of India. He said the authority is negotiating with farmers to address their grievances and hoped the dispute would be settled soon.]]></description>
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            <title><![CDATA[CREDAI urges CCI to probe artificial shortage of cement]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12033</link>
			<source>MSN India</source>
			<pubDate>Sat, 08 Oct 2011 07:02:22 +0530</pubDate>
			<description><![CDATA[MSN India- The apex body for realty sector, CREDAI, today said it has approached Competition Commission of India (CCI) seeking enquiry against artificial shortage of cement and exorbitant price hike by leading manufacturers. &quot;The Confederation of Real Estate Developers&amp;#65533; Association of India (CREDAI) has reached out to Competition Commission of India (CCI) to intervene against exorbitant price hike by leading cement manufacturers,&quot; CREDAI said in a statement.]]></description>
			</item><item>
            <title><![CDATA[After NCR, Sobha eyes Chennai realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12032</link>
			<source>Business Standard</source>
			<pubDate>Sat, 08 Oct 2011 07:01:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Despite the rising interest rates and inflationary pressure, Bangalore-based real estate player Sobha Developers Ltd has managed to grow sales 13 per cent to 1.6 million sq ft in the first-half (H1) of the fiscal 2011-12 as against 1.4 million sq ft in the same period of previous fiscal. The company informed the stock exchange it would sell 3-3.5 million square feet by the end of this fiscal.]]></description>
			</item><item>
            <title><![CDATA[Malls expect 75% rise in footfall during Diwali]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12031</link>
			<source>Business Standard</source>
			<pubDate>Sat, 08 Oct 2011 06:59:55 +0530</pubDate>
			<description><![CDATA[Business Standard- With the onset of annual festive season malls and shopping complexes in Ahmedabad are expecting an increase of about 75 per cent in the visitor footfall as retailers along with the consumer durable firms are offering a plethora of attractive incentives like discounts, free gifts and interest free finance options to rev up sales and perk up consumer confidence, according to a just concluded survey by apex industry body The Associated Chambers of Commerce and Industry of India (ASSOCHAM).]]></description>
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            <title><![CDATA[NHB to decide on pre-payment waiver soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12030</link>
			<source>Business Standard</source>
			<pubDate>Sat, 08 Oct 2011 06:58:25 +0530</pubDate>
			<description><![CDATA[Business Standard- The National Housing Bank (NHB), regulator in the realty finance sector, is expected to take a decision soon on whether or not there will be a complete waiver of all pre-payment charges on floating-rate home loans. While RBI recently issued an advisory that banks should waive pre-payment charges on floating-rate home loans, a decision is yet to come on this. The RBI decision will be for banks and NHB will decide for housing finance companies. Banks have sought time to respond to this RBI proposal.]]></description>
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            <title><![CDATA[Mumbai home prices slide on interest rates, slowdown fears]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12029</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 08 Oct 2011 06:56:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- Prices of luxury and premium flats in Mumbai are cheaper than a few months back, but still find few takers as rising interest rates and concerns of economic slowdown deter buyers. Real estate developers with heavy debt and dipping cash flows are offering properties 10% to 15% cheaper to clear their unsold flats and in some cases, cheaper by 25% from the same period previous year.]]></description>
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            <title><![CDATA[DLF appeal against CCI order likely in tribunal on Monday]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12028</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 08 Oct 2011 06:55:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty major DLF is likely to file an appeal on Monday with the Competition Appellate Tribunal (Compat) against an order from fair-trade watchdog CCI, which has asked the realty giant to pay a fine of Rs 630 crore for abuse of its dominant market position.]]></description>
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            <title><![CDATA[Arabtec inks $204 mn deal with Raheja]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12027</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 08 Oct 2011 06:54:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Dubai&#039;s Arabtec Construction has inked a USD 204 million (750 million dirhams) deal with Indian joint venture partner Raheja Developers for construction of three mixed use projects in New Delhi and Gurgaon, the company has said. In a filing to the Dubai Financial Market on Thursday, the UAE&#039;s largest construction firm said this is the first contract under the joint venture between Arabtec and Raheja Developers, which is currently under formation.]]></description>
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            <title><![CDATA[Acquired extra 602 acres in 1997: Noida admn to file affidavit in SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12025</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 08 Oct 2011 06:49:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- The end of the 14-year-long standoff between farmers of Sorkha and surrounding villages and the Noida Authority over excess land acquisition seems to be in sight now. The Noida Authority has said it plans to file an affidavit in the Supreme Court to correct a “clerical error” due to which extra 602 acres of land was acquired in 1997.]]></description>
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            <title><![CDATA[Services sector in contraction mode]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12024</link>
			<source>The Times of India</source>
			<pubDate>Fri, 07 Oct 2011 08:00:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Activity in the services sector shrank in September as new orders sank, a new survey released on Wednesday shows. To add to the worries, overall economic activity is seen to be nearly stagnating, while employment levels fell for the second successive month.]]></description>
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            <title><![CDATA[Coast Guard in CRZ fix over land for new base]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12023</link>
			<source>The Times of India</source>
			<pubDate>Fri, 07 Oct 2011 07:58:49 +0530</pubDate>
			<description><![CDATA[The Times of India- The Indian Coast Guard wants to set up a new base at Erangal village, Madh island, and has identified 20 acres of land to set up its state of the art surveillance and monitioring centre, along with a training institute and a small arms firing range. It has, however, run into trouble over coastal regulation zone (CRZ) rules.]]></description>
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            <title><![CDATA[Real estate expo at BKC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12022</link>
			<source>The Times of India</source>
			<pubDate>Fri, 07 Oct 2011 07:56:00 +0530</pubDate>
			<description><![CDATA[The Times of India- From a two-bedroom flat for Rs 1.5 crore in Kandivli (E) to a Rs 35 lak- terrace flat in Virar, builders displayed their projects at the four-day Maharashtra Chamber of Housing Industry (MCHI) Property 2011 exhibition that opened on Thursday.]]></description>
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            <title><![CDATA[Leaseholders in a fix as Kochi Port decides not to renew land lease]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12021</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 07 Oct 2011 07:54:21 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- An air of uncertainty prevails among the business community in Kochi Port over the decision of the port management not to renew the lease of port land beyond 2012. Expressing concern over the move, the Cochin Port Lease Holders Association has approached the Port Trust Chairman with a request to allow the genuine leaseholders to register their leases and carry on their business activities in the port area as always. The leaseholders are worried with the message of the port management that those leaseholders requiring renewal will only be renewed till 2012.]]></description>
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            <title><![CDATA[Mumbai builders put up brave front, stick to high priceline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12020</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 07 Oct 2011 07:52:33 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- There is not much for homebuyers to look forward to in terms of discount or freebies at the four-day Maharashtra Chamber of Housing Industry property expo 2011 which opened here on Thursday. What was offered was nominal which in case the buyers themselves could have haggled and got during negotiations.]]></description>
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            <title><![CDATA[KNR Constructions bags NHAI contract]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12019</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 07 Oct 2011 07:50:47 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- KNR Constructions Ltd has informed the BSE that the company has been awarded a road project by NHAI which entails two-laning of Muzaffarpur-Barauni section of NH-28 from KM 519.6 to KM 627 in Bihar under NHDP phase IVB to be implemented through the Public Private Partnership (PPP) mode.]]></description>
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            <title><![CDATA[NABARD funding for rural infrastructure crosses Rs one lakh crore mark]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12018</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:49:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Loans disbursed to state governments by the National Bank for Agriculture and Rural Development (NABARD) crossed the Rs 1,00,000 crore mark cumulatively and stood at Rs 1,02,844 crore as on September 30.]]></description>
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            <title><![CDATA[Essar Group mulls listing infrastructure business in London]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12017</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:48:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Diversified Essar Group is planning to list its infrastructure business in London next year, a move that could raise about Rs 3,700 crore for the Ruias-led conglomerate.
Group company Essar Energy got listed in London last year, raising 1.3 billion pounds, the largest ever initial public offering by an Indian company in that city.]]></description>
			</item><item>
            <title><![CDATA[Essar Group mulls listing infrastructure business in London]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12016</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:47:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Diversified Essar Group is planning to list its infrastructure business in London next year, a move that could raise about Rs 3,700 crore for the Ruias-led conglomerate.
Group company Essar Energy got listed in London last year, raising 1.3 billion pounds, the largest ever initial public offering by an Indian company in that city.]]></description>
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            <title><![CDATA[Developers move CCI against NHAI cap]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12015</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:45:04 +0530</pubDate>
			<description><![CDATA[The Financial Express- The National Highways Authority of India (NHAI) has imposed a ceiling on the number of applicants eligible to bid for engineering, procurement and construction (EPC) projects, a move that has irked small highway developers to the extent that they have moved the Competition Commission of India.]]></description>
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            <title><![CDATA[71 property leases yet to be renewed, Pune Cantt’s revenue losses pile on]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12014</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:43:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the leases of as many as 71 properties — both commercial and residential establishments — pending for renewal, the Pune Cantonment Board (PCB) is facing revenue losses, running into lakhs. The reply on the RTI application filed by The Indian Express with PCB identifies such establishments in areas such as M G Road, Taboot Street, Bhimpura, Synagague Street, G T Road, Solapur Bazaar, Ghorpuri Bazaar and Moledina Road.]]></description>
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            <title><![CDATA[UP goes liberal on abadi land regularisation in Greater Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12013</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 07 Oct 2011 07:40:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Responding to a demand by farmers to exempt the inhabited (abadi) areas of villages from acquisition, the Uttar Pradesh government has decided to regularise up to 3,000 square metres of such land of each family in Greater Noida area, and up to 5,000 square metres of each family in areas under the Yamuna Expressway Industrial Development Authority (YEIDA).]]></description>
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            <title><![CDATA[Land prices slowly catching metro fever]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12012</link>
			<source>Business Standard</source>
			<pubDate>Fri, 07 Oct 2011 07:39:14 +0530</pubDate>
			<description><![CDATA[Business Standard- Don&#039;t know if the age old saying &#039;find ants, where the sugar is&#039; holds true for everything or not. But it certainly holds good for the real estate prices along the metro stations. Name any city in the country, real estate has seen a significant rise in prices in these areas which has always been more than that in other areas of the city. Like Delhi, now its time for Bangalore to gain from Namma Metro. Real estate players are in a wait and watch mode hoping that sooner or later they will be witnessing a rise in the land prices.]]></description>
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            <title><![CDATA[Route emerges for first hi-speed rail corridor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12011</link>
			<source>Business Standard</source>
			<pubDate>Fri, 07 Oct 2011 07:38:04 +0530</pubDate>
			<description><![CDATA[Business Standard- Pune-Mumbai-Ahmedabad would probably be the first rail line in the country to have a high-speed corridor, from the six being planned. The estimated construction cost is Rs 100 crore a km. Tendering for creation of infrastructure for the corridor is expected to begin in 2014. French consultancy Systra recently gave a pre-feasibility report on the project to Indian Railways (IR). The latter are considering financial options for the entire project.]]></description>
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            <title><![CDATA[Plan panel to review road contract models]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12010</link>
			<source>Business Standard</source>
			<pubDate>Fri, 07 Oct 2011 07:36:58 +0530</pubDate>
			<description><![CDATA[Business Standard- The Planning Commission has decided to again review the two main, and opposed, models of road contracts, namely, build-operate transfer or annuity model, and the item-rate one. “As the earlier review did not reach any conclusion, we have started another, to decide what is better,” said a senior Commission official, who did not want to be identified.]]></description>
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            <title><![CDATA[Modern retail fuels new growth categories]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12009</link>
			<source>The Times of India</source>
			<pubDate>Thu, 06 Oct 2011 09:48:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Organized retail has fuelled new growth categories-like liquid hand wash, breakfast cereals and pet foods-in the consumer goods industry, accounting for almost 50% of their sales, said data from market search firm Nielsen. The Nielsen figures, shared exclusively with TOI, showed some of these new categories got more than 40% of their business from modern retail outlets. The data also suggests how products in these categories reach the neighborhood kirana stores after they have established themselves in modern trade.]]></description>
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            <title><![CDATA[Helping the poor: Harnessing brains on affordable houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12008</link>
			<source>Business Standard</source>
			<pubDate>Thu, 06 Oct 2011 09:47:01 +0530</pubDate>
			<description><![CDATA[Business Standard- Vijay Govindarajan, now a professor who teaches international business at the US-based Tuck School of Business, has a dream that could become a reality soon. He wants even the ‘very poor’ to have a house for just $300 each (around Rs 15,000). Along with a marketing expert, Christian Sarkar, he wrote a blog on the website of Harvard Business Review about this possibility last year, and followed with a contest. Nearly 2,500 people signed up, and there were 300 submissions, one from a team at Mahindra Partners Division.]]></description>
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            <title><![CDATA[Godrej Properties in development pact with Godrej &amp; Boyce]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12007</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 06 Oct 2011 09:46:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties said on Wednesday that it has entered into an agreement with Godrej &amp; Boyce (G&amp;B), under which the realtor will act as a development manager for development of the group-owned land in suburban Mumbai. Privately-held Godrej &amp; Boyce s into various businesses including home appliances, security equipment, furniture and process equipment among others.]]></description>
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            <title><![CDATA[Shilpa Shetty forays into real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12006</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 06 Oct 2011 09:45:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bollywood actor and Big Brother winner Shilpa Shetty and her British-born Indian businessman husband Raj Kundra are foraying into the real estate business in a big way by launching a premium residential apartment complex near the Mumbai domestic airport and by bidding for Hindustan Unilever&#039;s Gulita property in Worli. The co-owners of the IPL cricket team Rajasthan Royals on Wednesday also announced a tie-up with a Mumbai entrepreneur to launch an Indian property discount site, targeting group buyers looking for a bargain.]]></description>
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            <title><![CDATA[Prices of apartments, bungalows in South Mumbai rose by 10-15% last year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12005</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 05 Oct 2011 06:19:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai prides itself on its egalitarianism, famously on display in its local trains where diamond merchants rub shoulders with chauffeurs. But even in this cultural landscape your address matters, and there is little dispute that South Mumbai - often referred to as So-Bo or South Bombay in defiance of official dictates that the City of Dreams should be called Mumbai - is at the top of the hierarchy.]]></description>
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            <title><![CDATA[Bombay Dyeing on path to transform into realty company]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12004</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 05 Oct 2011 06:16:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bombay Dyeing, which has seen fortunes dwindle from its textiles division, expects realty to generate over half of its revenues this financial year and three quarters in five years. &quot;We will essentially become a real estate firm in the years to come,&quot; managing director Jeh Wadia told ET in an interview. Jeh took charge of Bombay Dyeing in a management reshuffle earlier this year.]]></description>
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            <title><![CDATA[Real estate consultants not to get FDI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12003</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 05 Oct 2011 06:06:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government has decided not to allow foreign direct investment (FDI) in real estate consultancy firms, given the perception that this route is used as a conduit for investing in real estate. The Foreign Investment Promotion Board (FIPB) has articulated this view, while rejecting a proposal by the French consultancy firm AOS Studley Group for starting real estate consultancy services through a subsidiary.]]></description>
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            <title><![CDATA[Realty: No Diwali dhamaka but season of hidden discounts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12002</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 05 Oct 2011 06:05:21 +0530</pubDate>
			<description><![CDATA[Moneycontrol- This festive season, home buyers in Mumbai may be starved for options as several developers have put new launches on hold but not so in Bangalore or the national capital region (NCR). However, CNBC-TV18’s Priyanka Ghosh reports that price reductions are not on the cards. Diwali was once a real estate developer&#039;s favourite season which promised bumper sales and a flurry of new launches. This year, Diwali may be a little duller, a little muted amid short of many new project launches.]]></description>
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            <title><![CDATA[Metros&#039; housing shortage seen at 1.3 mn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12001</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 05 Oct 2011 06:03:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing supply is estimated to fall short of demand by 1.3 million units in seven major cities of the country during the next five years, according to a report by global property consultant Cushman &amp; Wakefield. Cushman &amp; Wakefield (C&amp;W) has estimated &quot;a total demand of 2.3 million units of residential property in the next five years, while the estimated supply in the same period is expected to be approximately 1 million units, leaving a shortfall of over 1.3 million units&quot;.]]></description>
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            <title><![CDATA[Bangalore property values to rise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=12000</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 04 Oct 2011 06:13:39 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- With revision of property guidance values coming into effect, most localities in Bangalore may see an upward revision of 15-20 per cent in property values. At a time when home loan interest rates are continuing to go north, a home-buy is becoming costlier for buyers, especially in a market like Bangalore, where prices are holding firm. The rising interest rate scenario is making that home-buy decision tough for customers, as they aren&#039;t sure how the economic environment will pan out in the near future.]]></description>
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            <title><![CDATA[CREDAI-Pune visits China for technology tie-ups]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11999</link>
			<source>Construction Week</source>
			<pubDate>Tue, 04 Oct 2011 06:12:38 +0530</pubDate>
			<description><![CDATA[Construction Week- A 120-member delegate from CREDAI-Pune visited China recently as part of study tour. The purpose of the tour was to learn newer technologies in construction world and to facilitate technological tie-ups. “A week long study tour was organized with an objective to study the architectural marvels and to tie up with the various architectural firms and initiate technology exchange. We were also eager to know about their affordable and mass housing projects looking at China’s population,” said, Satish Magar, President, CREDAI Pune.]]></description>
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            <title><![CDATA[What lies ahead: TOI conclave discusses land row]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11998</link>
			<source>The Times of India</source>
			<pubDate>Tue, 04 Oct 2011 06:11:35 +0530</pubDate>
			<description><![CDATA[The Times of India- Even as the Allahabad High Court has reserved its judgment in the land acquisition cases filed by farmers of Noida and Greater Noida in the Gautam Budh Nagar district, deliberations by the various stakeholders involved at a recent conclave looked at what lay ahead of the land row. Held at the Radisson Hotel in Noida on Saturday by the Times of India group in association with the Investors Clinic, the subject of discussion &#039;Noida unraveled - The road ahead&#039; provided for a power-packed debate to clear the cloud of uncertainties being faced by not only the development authorities but also the investors and end users.]]></description>
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            <title><![CDATA[Global investors&#039; interest in India still high]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11997</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 04 Oct 2011 06:10:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- The current global scenario might be one of gloom, with markets in the US and in Europe on the brink of a double dip recession, but interest in Indian real estate is still high among global investors, said Carlo Barel di Sant&#039; Albano, chairman of the board of global property advisory firm Cushman &amp; Wakefield.]]></description>
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            <title><![CDATA[Developers sell land banks as home sales drop]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11996</link>
			<source>Business Standard</source>
			<pubDate>Tue, 04 Oct 2011 06:09:34 +0530</pubDate>
			<description><![CDATA[Business Standard- The festival season has kicked off, but the cheer is clearly missing in the real estate sector, which depends on the October-January period for 60 per cent of annual sales. So, if Tata Housing managing director Brotin Banerjee is talking about the festive season being the “last hope” for developers, Peninsula Land executive vice-chairman Rajeev Piramal says “things will get harder” going forward.]]></description>
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            <title><![CDATA[Better transparency, clarity in realty norms will attract foreign funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11995</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 04 Oct 2011 06:08:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Global investors have turned cautious about investing in India’s real estate sector, and a September report from private equity (PE) research firm Venture Intelligence said PE investments fell over 20% to R3,740 crore in the first five months of FY 2011-12, compared with the same period a year ago. A critical shift in real estate policy and better on-ground execution are crucial for attracting more investments into the sector, says Howard Roth, partner &amp; global real estate leader at professional services firm Ernst &amp; Young.]]></description>
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            <title><![CDATA[Hiranandani moves HC seeking revocation of stay on flats&#039; sale]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11994</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 04 Oct 2011 06:06:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- Hiranandani Developers have approached the Bombay High Court seeking for it to vacate a stay on sale of amalgamated flats in its township at suburban Powai. The petition filed by the company and its co-founder Niranjan Hiranandani has sought revocation of the stay imposed by the High Court in December 2008, while hearing a public interest litigation, contending that the arbitrator has found no violations in its project.]]></description>
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            <title><![CDATA[Indiareit plans roadshows for $225 mn fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11993</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 04 Oct 2011 06:04:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Indiareit Fund Advisors, a property fund backed by UK private-equity firm 3i Group, will start marketing its $225 million commercial rental yield fund to overseas investors by the end of this month, a top official said on Monday. Indian developers have come under pressure in recent months as rising interest rates deter buyers, even as it becomes more expensive for builders to access funds.]]></description>
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            <title><![CDATA[At Rs 10L, M&amp;M plans affordable housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11992</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 04 Oct 2011 06:01:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Business conglomerate Mahindra &amp; Mahindra (M&amp;M) plans to make an entry into the affordable housing segment with homes priced up to Rs 10 lakh across many cities in the country. &quot;We are seriously considering launching affordable houses. Currently, we are carrying out a study on development of affordable homes,&quot; Mahindra Lifespace Developers Chairman Arun K Nanda said on the sidelines of the Global Initiative for Restructuring Environment and Management (GIREM) summit here.]]></description>
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            <title><![CDATA[The elusive ‘optimal&#039; housing finance model]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11991</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 03 Oct 2011 07:28:21 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- It is not difficult to understand financial sector regulators being extra cautious in their approach to markets and instruments in the wake of the crisis of 2008 (or is it also 2009, 2010 and 2011?). A step-by-step approach to financial sector liberalisation, in fact, was the highlight in the emerging world even before the crisis. Given that background, one is more than mildly surprised to note the Reserve Bank of India advising the use of financial derivatives by Indian commercial banks in their lending operations.]]></description>
			</item><item>
            <title><![CDATA[Home loan: Do not fall for this teaser]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11990</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 03 Oct 2011 07:27:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a rising interest rate scenario, borrowers generally tend to hold back on taking loans. To encourage them to take the plunge banks often try to make the best of the situation by floating innovative loan products that holds appeal and promise to the customer. In one such move, last month ICICI Bank introduced a new home loan product with fixed interest rate for the initial first and second years and floating rates thereafter. HDFC followed suit this month, by offering fixed rate for the initial three and five years.]]></description>
			</item><item>
            <title><![CDATA[The elusive ‘optimal&#039; housing finance model]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11989</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 03 Oct 2011 07:23:03 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- It is not difficult to understand financial sector regulators being extra cautious in their approach to markets and instruments in the wake of the crisis of 2008 (or is it also 2009, 2010 and 2011?). A step-by-step approach to financial sector liberalisation, in fact, was the highlight in the emerging world even before the crisis. Given that background, one is more than mildly surprised to note the Reserve Bank of India advising the use of financial derivatives by Indian commercial banks in their lending operations.]]></description>
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            <title><![CDATA[Government may allow 100% FDI in single-brand retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11988</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 03 Oct 2011 07:13:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government is considering allowing foreign companies to completely own single-brand retail stores in the country, after it was forced to put its plans of letting foreign retailers invest in multibrand outlets on the backburner due to lack of political consensus. At present, only 51% foreign direct investment, or FDI, is allowed in singlebrand retail and the industry ministry is now looking at a proposal to raise this limit to 100% as it seeks to send a positive signal to foreign investors.]]></description>
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            <title><![CDATA[Hudco sanctions Rs 700 cr loan for Namma Metro]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11987</link>
			<source>Business Standard</source>
			<pubDate>Mon, 03 Oct 2011 07:11:39 +0530</pubDate>
			<description><![CDATA[Business Standard- The Housing and Urban Development Corporation (Hudco) has sanctioned a loan of Rs 700 crore to Namma Metro project of Bangalore. A loan agreement will be signed between Hudco and Bangalore Metro Rail Corporation Limited (BMRCL) shortly, a statement from the chief minister’s office, here said. Karnataka chief minister D V Sadananda Gowda and S Suresh Kumar, minister for urban development, held a detailed discussion with V P Baligar, chairman and managing director, Hudco, in Delhi in this regard on Saturday.]]></description>
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            <title><![CDATA[Arvind Retail to open 20 EBO stores in Guj by Mar &#039;12]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11986</link>
			<source>Business Standard</source>
			<pubDate>Mon, 03 Oct 2011 07:10:41 +0530</pubDate>
			<description><![CDATA[Business Standard- Arvind Retail, a branded garment retailing arm of Ahmedabad-based textile major Arvind Limited is looking to increase presence in Gujarat through its exclusive brand outlets (EBOs) from the current 9 stores to about 20 by March 2012. The company aims to generate business worth Rs 200 crore from EBO segment by opening about 240 stores across country by 2014.]]></description>
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            <title><![CDATA[Read the fine print before you buy a store]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11985</link>
			<source>The Times of India</source>
			<pubDate>Mon, 03 Oct 2011 07:09:56 +0530</pubDate>
			<description><![CDATA[The Times of India- If you are game for some risky bets, you can put your money in rental return models in the retail space. In what is called the strata sale model, shops in a mall are pre-sold to individual investors . The investor has the prerogative to hunt for a tenant and the developer restricts himself to selling a store like a residential unit.]]></description>
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            <title><![CDATA[Home loans corner 18% of bank credit so far in FY12]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11984</link>
			<source>The Times of India</source>
			<pubDate>Mon, 03 Oct 2011 07:09:01 +0530</pubDate>
			<description><![CDATA[The Times of India- A large chunk of growth in bank credit in the first five months of the current financial year has come from home loans-18 .3% at Rs 18,060 crore-followed by increase in credit to exporters and to retail trade. The biggest drop in outstanding credit has been in agri loans, which are seasonal in nature, followed by credit to wholesale trade. According to data released by RBI on Friday, non-food credit grew by 2.5% between March 25 and August 25 2011. Of this amount, credit to industry grew by 5.8% or Rs 93,569 crore.]]></description>
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            <title><![CDATA[Starwood Hotels and Resorts Worldwide plans more Aloft hotels in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11983</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 03 Oct 2011 07:06:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Global hospitality major Starwood Hotels and Resorts Worldwide plans to add more hotels under its brand Aloft in India, a company official said Sunday. &quot;We will be opening one Aloft hotel in Chandigarh by the end of this year and another in Ahmedabad next year. Currently we have Aloft brand hotels in Bangalore, Chennai and Coimbatore,&quot; Rajan Bahadur, regional director (sales and marketing), South Asia told reporters after opening the hotel in this Tamil Nadu city.]]></description>
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            <title><![CDATA[Mahindra &amp; Mahindra opens first toy store Beanstalk to give tough competition to Mukesh Ambani-led Reliance Retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11982</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 03 Oct 2011 07:06:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Utility vehicle maker Mahindra &amp; Mahindra has launched a toy store and driven into a new market that pits it directly against the Mukesh Ambani-led Reliance Retail. The store, Beanstalk, which opened at Brookefields in Bangalore&#039;s IT suburb Whitefield, will target children up to their late teens. &quot;We have been piloting a toy store for the last two weeks in Bangalore,&quot; said K Venkataraman, MD of Mahindra Retail, without sharing further details.]]></description>
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            <title><![CDATA[Still a seller&#039;s market, but property buyers ready to agitate for reforms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11981</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:31:39 +0530</pubDate>
			<description><![CDATA[The Times of India- That the property market in India is a seller&#039;s market, is true. Most documents are in favour of the seller, sizes are determined according to the best price sellers get and so on. BUT, and I emphasise this point, I have seen a change happening - both at the end of buyers and sellers. Buyers are aware, see real estate as an asset class that has to perform well and not just a roof over your head. They seek lifestyles that come with the product. Sellers, at least some of the organised players, spot this change and are trying to work as partners with the buyers.]]></description>
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            <title><![CDATA[Prestige Group says ‘affordable’ prices are buoying home sales]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11980</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 01 Oct 2011 07:30:47 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Buoyed by good sales, real estate developer Prestige Group plans to launch 8-9 million sq ft of projects during the second half this fiscal. The company has launched about six million sq ft of projects so far. Despite rising home loan rates, “the response to our new launches has been good. While we saw sales of Rs 1,300 crore for 2010-11, currently our sales stands at Rs 947 crore this year,” Mr Venkat K. Narayana, Chief Financial Officer, Prestige Group, told Business Line.]]></description>
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            <title><![CDATA[What makes Gurgaon a preferred destination for global IT companies like Microsoft, Google, IBM, Accenture]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11979</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 01 Oct 2011 07:29:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- Millennium city Gurgaon is today home to some of the largest corporates of the world, including Microsoft, Google, Accenture and IBM. In the north of India, the city is one of the largest commercial real estate markets. Every foreign and Indian company with operations in the north wants to have an office in Gurgaon today considering the kind of office buildings that have been developed by real estate firms like DLF, Unitech, BPTP and others.]]></description>
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            <title><![CDATA[Proper development strategy needed for Indian cities and towns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11978</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 01 Oct 2011 07:29:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- We now have figures from census 2011 which highlight the need to focus on urban India. We need to prioritise investment in basic infrastructure, make time bound plans and strategies to reduce the misery of many city dwellers and opt for a well integrated urban development strategy so that our 7,935 cities and towns, up from 5,161 in 2001, can play a more central role in the economy. Census 2011 figures, released recently, show that urban India has 377 million people, or 31.2% of the total population. For the first time the absolute increase in population is more in urban than rural India.]]></description>
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            <title><![CDATA[Indian developers go low-income]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11977</link>
			<source>The Financial Times</source>
			<pubDate>Sat, 01 Oct 2011 07:28:17 +0530</pubDate>
			<description><![CDATA[The Financial Times- In order to overcome regulatory uncertainty and reluctant lenders – obstacles which have hampered the real estate business and contributed to its current slump – some Indian property developers are turning toward low-income housing. Low-income projects mean purchasers are less likely to have to apply for loans from recalcitrant banks and so are more likely to buy. Given India’s acute housing shortage – which the World Bank estimates at up to 70m units (housing 370m people)  – the government is more likely to clear permits and permissions that otherwise might take years and years.]]></description>
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            <title><![CDATA[IT firms looking beyond Gurgaon, Noida to other cities in north India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11976</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 01 Oct 2011 07:27:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- With large multinationals such as Intel, Nokia, Microsoft and Dell looking for emerging markets because of flattening economic growth in developed markets, India has emerged as a premier location for most global corporations. North India with its booming real estate and proximity to the national capital region has become a location of choice for most large corporations. Towns such as Mohali, Gurgaon, Jaipur and Noida have seen a spike in real estate demand in their prime business districts.]]></description>
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            <title><![CDATA[International developers looking at India for realty projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11975</link>
			<source>NDTV</source>
			<pubDate>Sat, 01 Oct 2011 07:26:18 +0530</pubDate>
			<description><![CDATA[NDTV- With the real estate markets facing stagnation in the US and Europe, international contractors are looking at emerging markets. India tops the list as developers here woo them with large scale projects. With the real estate markets facing stagnation in the US and Europe, international contractors are looking at emerging markets.]]></description>
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            <title><![CDATA[Reliance, Bharti open hypermarkets in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11974</link>
			<source>Business Standard</source>
			<pubDate>Sat, 01 Oct 2011 07:25:30 +0530</pubDate>
			<description><![CDATA[Business Standard- Mukesh Ambani&#039;s Reliance Retail and Sunil Mittal&#039;s Bharti Retail, which started their operations from opposite geographies, have opened their first hypermarkets in this city. While Bharti opened its Easyday Hyper yesterday, Reliance made an announcement on its RelianceMart today. For Bharti, this is the first hypermarket it ever opened in the country; for Reliance, the 12th.]]></description>
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            <title><![CDATA[Tata Housing launches luxury township in Thane]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11973</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 01 Oct 2011 07:24:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Tata Housing has unveiled its luxury residential township Amantra in Thane. Spread over 22 acres, Amantra offers about 2,500 apartments, including 2 &amp; 3 BHK homes, starting at Rs 40 lakh with a minimum size of 927 sq ft.]]></description>
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            <title><![CDATA[Flat owners for giving DLF a chance of hearing at COMPAT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11972</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 01 Oct 2011 07:23:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Two flat owners&#039; associations have filed a caveat in the competition appellate tribunal COMPAT, requesting it not to decide on case concerning realty major DLF without giving them a chance of hearing. The case pertains to fair trade regulator Competition Commission of India (CCI) having imposed Rs 630 crore fine on DLF for abusing its dominant position and imposing unfair conditions on the buyers of its flats. DLF, in turn, plans to move the COMPAT challenging the CCI order.]]></description>
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            <title><![CDATA[GHAZIABAD FORGES AHEAD]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11971</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:22:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Ghaziabad has emerged as the next housing destination for many property buyers even as the administration is yet to find a solution to the Noida Extension fiasco. Now that homebuyers are scouring Ghaziabad, they have stumbled upon a pleasant surprise - the city has better infrastructure to cope with the population pressure than hitherto believed.]]></description>
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            <title><![CDATA[PROPERTY TO BE DEAR, BUT INFRA IMPROVES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11970</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:22:25 +0530</pubDate>
			<description><![CDATA[The Times of India- After Noida-Greater Noida, it is now turn of Ghaziabad where property is set to be costlier, as a result of an upward revision in development charge from Rs 650 to Rs 800 per sq metre and a proposal for revision of sector rates. After the raise in development charge, GDA (Ghaziabad Development Authority) has plans to revise the sector rates by 25% to 40%.]]></description>
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            <title><![CDATA[GREEN ENERGY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11969</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:21:38 +0530</pubDate>
			<description><![CDATA[The Times of India- India is among the top destinations for green energy investments, after US and China and it is estimated that the renewable energy industry would be worth Rs 75,000-crore in market size during the 11th Five Year Plan ending 2012, according to speakers at the recent RuDi-CON 2011 conference on rural energy organised by Indian Merchants Chamber. The conference, which chalked out a road map for stakeholders, highlighted the fact that while innovations have begun to take place, it is important to scale these up through targeted public policy interventions.]]></description>
			</item><item>
            <title><![CDATA[SAFER NORMS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11968</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:20:54 +0530</pubDate>
			<description><![CDATA[The Times of India- According to the data released by the ministry of commerce and industry, the infrastructure sector grew by 7% in October, 2010. The Planning Commission has projected that investments in this sector will double at $1,025 billion in the 12th Plan as compared to $514 billion in the 11th Plan. A significant amount of capital is expected to flow from the Government and the Private sector towards Infrastructure development in the country. The undertakers of such huge projects need to protect their investments from financial losses due to unforeseen events and accidents.]]></description>
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            <title><![CDATA[INTERNATIONAL CITY AT DELHI ’ S EDGE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11967</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:20:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Sobha Developers Ltd, a Rs 1,500 crore company and one of the largest backward integrated real estate player in the country, is developing a villa community, named ‘International City’, in Sectors 109, 106, 108 in Gurgaon, in association with Chintels Group and QVC Realty Co. International City, located near the IGI Airport is around 500 meters from the upcoming Northern Peripheral Road connecting Dwarka in Delhi to NH-8 in Gurgaon. The International City will be a perfect blend of cosmopolitan sophistication, magnificent space planning, top-notch amenities and flawless execution.]]></description>
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            <title><![CDATA[REGULATIONS IN REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11966</link>
			<source>The Times of India</source>
			<pubDate>Sat, 01 Oct 2011 07:18:38 +0530</pubDate>
			<description><![CDATA[The Times of India- The real estate sector is facing a tough time. On the one hand, a slowdown of the economy has cast a shadow on the demand for houses and office space. The problem has only been compounded by a lack of transparency and good regulations in the sector. On the other hand, the disputes in land acquisition by the Greater Noida authority has further eroded the credibility of developers in the eyes of buyers and investors, despite the fact that they were hardly at fault, as they bought the land from the government authority.]]></description>
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            <title><![CDATA[Realty prices head north]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11965</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Sep 2011 06:21:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- If you are planning to buying land in Noida Extension (one of the prime locations for affordable range of houses) and Greater Noida, be ready to pay more now. Reason - Greater Noida Industrial Development Authority (GNIDA) has once again raised the prices of properties by 16% to 40%,as a result of the hike in land compensation to farmers reached to settle the land acquisition row.]]></description>
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            <title><![CDATA[Independent floors back]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11964</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Sep 2011 06:20:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- Independent floors are back in the market. Nearly 20% of the total of every developer&#039;s project portfolio today comprises independent floors. Independent floors are back and how! Nearly 60% of a developer&#039;s project portfolio comprises regular apartments are highrises, about 20% are penthouses and villas, while 20% are independent floors.]]></description>
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            <title><![CDATA[Dip in FDI may hit realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11963</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Sep 2011 06:20:03 +0530</pubDate>
			<description><![CDATA[The Economic Times- AFicci report says that Foreign Direct Investment (FDI) in India&#039;s real estate has dipped and is at its lowest in the last four years. If the FDI continues to fall, it will hit the real estate market really hard. The realty sector will face significant shortage of homes for the middle and average middle-income group. And, the situation will be worsening in the next decade when demand is expected to rise three-fold.]]></description>
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            <title><![CDATA[THE COSTLIEST PROPERTY MARKET]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11962</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 30 Sep 2011 06:18:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai continues to be the costliest property market in India but the salesgraph shows that this price rise has started taking its toll on the sales figure. Property registration in India&#039;s biggest real estate market continued its downward slide in August and is touching a twenty seven month low, indicating a strong possibility of correction in the prices of residential properties in many parts of Mumbai.]]></description>
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            <title><![CDATA[Axis offers fixed rate home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11961</link>
			<source>The Times of India</source>
			<pubDate>Fri, 30 Sep 2011 06:17:36 +0530</pubDate>
			<description><![CDATA[The Times of India- Axis Bank has become the first lender to come out with a mortgage scheme where the interest is fixed for the entire loan term. The bank will charge interest at 11.75%. The bank has said that it guarantees the fixed rate for a tenure up to 20 years. The loans are available for up to 85% of the property value for loans up to Rs 20 lakh and 80% of the property value for loans above Rs 20 lakh.]]></description>
			</item><item>
            <title><![CDATA[Encashing land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11960</link>
			<source>Daily Pioneer</source>
			<pubDate>Fri, 30 Sep 2011 06:16:32 +0530</pubDate>
			<description><![CDATA[Daily Pioneer- The latest World Bank prescription for funding India’s infrastructure projects is to sell excess public land in cities. Along with India Development Foundation and the Public Private Infrastructure Advisory Facility, the World Bank has set up a steering committee to frame a proposal in this regard.]]></description>
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            <title><![CDATA[Realtors chant affordable mantra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11959</link>
			<source>Deccan Herald</source>
			<pubDate>Fri, 30 Sep 2011 06:15:40 +0530</pubDate>
			<description><![CDATA[Deccan Herald- To lure the ever burgeoning middle and upper middle class families, threatened by rising interest cost, real estate developers are trying to make residential apartments affordable. Termed ‘affordable housing’, such projects have become attractive mainly because thousands of buyers from middle class families buy their first home early in their career.]]></description>
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            <title><![CDATA[Akhil Gupta, Blackstone India -&#039;We are here for the long haul&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11958</link>
			<source>Business Standard</source>
			<pubDate>Fri, 30 Sep 2011 06:14:13 +0530</pubDate>
			<description><![CDATA[Business Standard- Blackstone has a strong commitment to India, as seen by the fact that our private equity business has committed around $2 billion of capital across 15 firms. A significant amount of it has been committed this year. Our real estate business has committed or invested $800 million. Our third business, M&amp;A advisory, remains active in India.]]></description>
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            <title><![CDATA[Assocham calls for developing multi-speciality health city at Ahmedabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11957</link>
			<source>Business Standard</source>
			<pubDate>Fri, 30 Sep 2011 06:13:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Apex industry body Associated Chambers of Commerce and Industry of India (Assocham) has called for developing a multi-speciality health city at Ahmedabad; based on the public-private partnership model to harness the medical tourism potential of the state and bring it on the international tourism map.]]></description>
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            <title><![CDATA[Unitech shareholders block dividend payment resolution]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11956</link>
			<source>Business Standard</source>
			<pubDate>Fri, 30 Sep 2011 06:11:07 +0530</pubDate>
			<description><![CDATA[Business Standard- The resolution for a dividend was blocked on Thursday at the annual general meeting (AGM) of Unitech, the second-largest real estate firm in India. The shareholders did not approve of the resolution, Unitech told the Bombay Stock Exchange (BSE). The 40th AGM of the company, deferred by a month, passed all resolutions, except the one for a dividend, Unitech told the BSE. The scrip closed marginally lower at Rs 27.]]></description>
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            <title><![CDATA[Bharti Realty to enter housing segment in 2015]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11955</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 30 Sep 2011 06:10:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- After striking it big with Bharti Airtel in telecommunications, Bharti group is now aspiring to be among the top three real estate companies in India in the coming years, according to a senior Bharti official. With several commercial and retail projects in hand, Bharti Realty, unit of Bharti Enterprises, is planning to enter the residential segment in 2015 with upscale homes.]]></description>
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            <title><![CDATA[Brick by Brick-A rapid rise in industry has aided real estate growth in Gujarat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11954</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:55:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- It is amazing what an inanimate mix of brick and mortar can do to the economy and landscape of any city. It is not without reason that the growth of a region is directly linked to the growth of its real estate and infrastructure. This holds true for Gujarat, a state that accounts for 30% of India&#039;s stock market capitalisation, 22% of exports and almost 10% of the workforce.]]></description>
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            <title><![CDATA[Building Boom -The sharp escalation in real estate developme nt in the western region isn&#039;t over yet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11953</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:55:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rapid urbanisation and infrastructure development have driven the growth of the real estate market in the western region of the country over the last five years. Alongside, property prices too have seen massive appreciation, at times, up to 100%, making real estate in some pockets of the region unaffordable.]]></description>
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            <title><![CDATA[The Concrete Jungle-Economic growth is second skin to western India with over 40% of its population living in cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11952</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:54:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- The population of towns and cities in developing countries, like India, is set to double in the space of a generation, while the urban population in the developed world is expected to grow relatively lower. If that&#039;s a no-brainer, here&#039;s the jaw dropper-with one in three citizens now living in an urban habitat, India has one of the largest urban populations in the world and this is almost set to double by 2030. Census 2011 shows that Gujarat, Maharashtra and Goa have well over 40% of their people living in cities, with urban population accounting for over half of their overall population growth. They also stand out as states with the fastest economic growth.]]></description>
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            <title><![CDATA[IndiaReit Plans 500-Cr Realty Fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11951</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:53:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- IndiaReit Fund, a subsidiary of Piramal Healthcare, plans to raise a fund of . 500 crore starting next month to invest in commercial property. The company will also raise . 1,000 crore next year for development projects, primarily residential, its chief executive officer Ramesh T Jogani has said. The company has recently invested 90 crore in a slum redevelopment project at Chembur in Mumbai with Aristo Developers, an existing partner of the company. IndiaReit was a privately-owned enterprise of the Piramals, but it has been folded into a subidiary Piramal Healthcare recently.]]></description>
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            <title><![CDATA[ITC Buys 26% in Hotel Property in Noida -CHECK IN Company to invest around 100 crore and manage the hotel under its brand name]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11950</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:52:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- Cigarette-to-hotels major ITC has bought 26% stake in a 275-room, fivestar luxury hotel property being developed by Noida-based Logix Group in Noida’s Sector 105. The company will be investing close to . 100 crore in the project and will also manage it under the top-end ITC hotels brand.]]></description>
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            <title><![CDATA[Oberoi Group in Talks to Buy 50% in South Mumbai Project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11949</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Sep 2011 06:51:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Oberoi Realty Group is in talks to buy the 50% stake held by ICICI Venture in a residential project in south Mumbai. Oberoi Realty, the group’s publicly held company, is expected to pay . 300 crore for the stake, giving ICICI Venture a return of almost six times in seven years. Oberoi, in 2004, teamed up with ICICI Venture to float a joint venture to buy a prime four-acre plot belonging to GlaxoSmithKline to develop a residential high-rise. The JV planned build around 44 duplex apartments in two 65-stroreyed towers overlooking the sea.]]></description>
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            <title><![CDATA[North Bangalore sees more development with good connectivity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11948</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 29 Sep 2011 06:49:43 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Bangalore did not follow either Mumbai, Pune or Delhi during the economic downturn a few years ago. Unlike these cities, Bangalore prices have recovered slower post recession between 2007 and 2010. I think Bangalore is pretty savvy; people are well-connected and know exactly what is happening around the globe. The purchasers here are primarily professionals when compared with Delhi or Mumbai, which have a fair amount of business community buyers.]]></description>
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            <title><![CDATA[Pentamedia exits as Mayajaal takes realty path]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11947</link>
			<source>Business Standard</source>
			<pubDate>Thu, 29 Sep 2011 06:47:16 +0530</pubDate>
			<description><![CDATA[Business Standard- The BSE-listed Pentamedia Graphics Ltd, an animation technology company, has decided to exit from India&#039;s largest multiplex company Mayajaal Entertainment Ltd, which owns over 30 acre of property near Chennai. The move follows Mayajaal&#039;s decision to join hands with realty firms to develop a Rs 300-crore villa project and also other real estate projects on the site.]]></description>
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            <title><![CDATA[Ready to move in flats in Goa at Emerald Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11946</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Sep 2011 06:46:12 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The project has a total of 57 apartments with a price tag of Rs 4,400 per sq ft. The 1 BHK flats with 784 sq ft area cost Rs 30 lakh and 2 BHK flats with 1,170 sq ft area Rs 57 lakh. Acron Developers, a real estate company from Mumbai has ope&shy;ned bookings for its Em&shy;erald Court property, ready to move in apartments in Goa. The firm has invested Rs 300 crore in the project at Nagoa, Arpora village, a five-ten minute drive away from the famous Calangute and Baga beaches.]]></description>
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            <title><![CDATA[Godrej brings premium homes in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11945</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Sep 2011 06:45:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Mumbai-based Godrej Pro&shy;perties (GPL), the real estate development arm of the Godrej Group, has launched a premium residential project Godr&shy;ej Platinum at Hebbal, Bengaluru on Airport road. This marks the firm’s third project in Bangalore. Godrej Platinum offers 3 BHK and 4 BHK apartments and penthouses, with sizes ranging from 2,914 sq ft to 6,320 sq ft. The base price is fixed at Rs 6,490 per sq ft.]]></description>
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            <title><![CDATA[Orris launches project in New Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11944</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Sep 2011 06:43:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Orris Infrastructure, a Gu&shy;rgaon-based real estate development company, has launched Aster Court Premier at Sector 85, New Gurgaon. The Aster Court Premier is a part of 25-acre group housing development of Orris Infrastructure. Earlier, the com&shy;pany has launched Carnation Resi&shy;dency and Aster Court as a part of this development. The project consists of 12 high-end towers comprising 284 units offering 3+servant and 4+servant BHK luxurious and aesthetically designed condominiums. The size of the 3+servent apartment is 1,970 sq ft and that of 4+servent apartment is 2,410 sq ft.]]></description>
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            <title><![CDATA[False promises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11943</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Sep 2011 06:42:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- There are ample complaints by home buyers about developers’ not providing them promised facilities and services, whereas builders have a different story to tell. Prachi Vyas (33), a home-maker residing in RNA Regency Park in Kandivili West (a western suburb of Mumbai) has more complaints than one against her developer. RNA did not handover the clubhouse meant for the residents’ society even after the completion of the project although the developer had promised to do so.]]></description>
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            <title><![CDATA[Home loan protection safeguards your future]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11942</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Sep 2011 06:40:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Buying a house is the single largest investment decision that nine out of 10 people ever make in their lives, and the way property prices have appreciated in the past few years, this statistic is likely to remain intact in the foreseeable future. When one buys a home by availing a housing loan, it creates a big financial liability for the person. The situation becomes acute if one considers that in most cases, the person, who avails the home loan, is also the only earning member of the family.]]></description>
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            <title><![CDATA[Property developers dole out festive freebies to rev up home sales]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11941</link>
			<source>Business Standard</source>
			<pubDate>Thu, 29 Sep 2011 06:38:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Faced with a sharp decline in home sales and declining cash flows, property developers are doling out minor discounts and freebies to boost home sales during the ongoing festive season. The festival season between October and February accounts for nearly 60 per cent of the annual sales of developers. According to realty research firm PropEquity, home sales have declined by 41 per cent in the Mumbai Metropolitan Region in August compared to the same month last year and around 52 per cent on an annual basis in the National Capital Region in the same month.]]></description>
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            <title><![CDATA[Service tax on commercial rentals stayed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11940</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Sep 2011 06:37:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court on Wednesday stayed a service tax on the commercial rentals that was levied in last year’s union budget. The apex court stayed an earlier Bombay High Court decision that upheld the government proposal to bring the commercial renting of properties under services tax net.]]></description>
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            <title><![CDATA[Taking back Tata Motors Singur land valid: HC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11939</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Sep 2011 06:36:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Three years after Tata Motors (TML) left West Bengal’s Singur following a farmers’ agitation against its Nano small car factory there, the Calcutta High Court on Wednesday ruled that the Mamata Banerjee-led government’s June 14 legislation taking back land from the Tatas was constitutional and valid.]]></description>
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            <title><![CDATA[Over 95% home loans are floating: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11938</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Sep 2011 06:36:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- With floating interest rates encompassing over 95 per cent of home loans, the Reserve Bank appointed banking ombudsman has been receiving a number of complaints from borrowers on the mounting credit risks as a result of increasing interest rates. The Reserve Bank of India, taking cognisance of the situation, is likely to instruct banks to not recover pre-payment charges on floating rate home loans and has asked the Indian Banks Association (IBA) to suggest measures that can be taken to address the issue.]]></description>
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            <title><![CDATA[Full text of the Speech of Kumari Selja at Conclave on Urban Poverty Alleviation and Rajiv Awas Yojana (RAY)]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11937</link>
			<source>press information bureau</source>
			<pubDate>Wed, 28 Sep 2011 07:34:56 +0530</pubDate>
			<description><![CDATA[press information bureau- The Ministry of Housing and Urban Poverty Alleviation is contemplating a “National Urban Livelihoods Mission”. This was announced by the Minister of Housing &amp; Urban Poverty Alleviation and Culture Kumari Selja while inaugurating conclave on Urban Poverty Alleviation and Rajiv Awas Yojana (RAY) in Mumbai today.]]></description>
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            <title><![CDATA[Building sustainable future]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11936</link>
			<source>Construction Week</source>
			<pubDate>Wed, 28 Sep 2011 07:34:09 +0530</pubDate>
			<description><![CDATA[Construction Week- The green projects have grown considerably in India over the past eight years, thanks to initiatives undertaken by developers as well as state and central governments. Green buildings are basically the ones which use fewer resources and have a lesser negative impact on the environment. Such buildings use less water, optimise energy efficiency, conserve natural resources and generate less waste.]]></description>
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            <title><![CDATA[Urban poverty high on agenda of Indian government]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11935</link>
			<source>gulfnews</source>
			<pubDate>Wed, 28 Sep 2011 07:33:04 +0530</pubDate>
			<description><![CDATA[gulfnews- The government is planning to introduce a new initiative called the National Urban Livelihood Mission. Urban poverty is one of the biggest challenges before India and the government&#039;s new scheme to be introduced in the 12th Plan is expected to improve incomes of the poor in cities through skill development and credit availability, said Kumari Selja, Union Minister of Housing &amp; Urban Poverty Alleviation.]]></description>
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            <title><![CDATA[Lodha Developers to raise Rs.825 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11934</link>
			<source>livemint</source>
			<pubDate>Wed, 28 Sep 2011 07:32:01 +0530</pubDate>
			<description><![CDATA[livemint- Funds will be used to buy back the fully convertible debentures issued to Deutsche Bank in 2007
Lodha Developers Ltd is raising Rs.825 crore to buy back debentures issued to Deutsche Bank. According to one analyst, Lodha risks losing prime land in Mumbai if it doesn’t purchase the debentures.]]></description>
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            <title><![CDATA[Private realtors asked to focus on affordable housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11933</link>
			<source>IBNLive</source>
			<pubDate>Wed, 28 Sep 2011 07:30:44 +0530</pubDate>
			<description><![CDATA[IBNLive- The Government today asked private real estate developers to participate in creating affordable housing stock and help in making India slum-free.&quot;There is a need to encourage private sector to come forward and participate in providing affordable housing stock and help tackle the problem of slums.]]></description>
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            <title><![CDATA[Home buyers approach CCI post DLF verdict]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11932</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 28 Sep 2011 07:29:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Close on the heels of CCI imposing Rs 630-crore penalty on real estate major DLF, several home buyers have approached the competition watchdog alleging unfair treatment by builders. Post the DLF verdict in August, the Competition Commission of India (CCI) is learnt to have received about 10 complaints against unfair trade practices and abuse of dominant market position by real estate companies, sources said.]]></description>
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            <title><![CDATA[Gurgaon grief -Now for the next shake-up in the global labour market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11931</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Sep 2011 07:28:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- AS THE DELHI metro snakes its way out of the crowded south of the city the scene turns more rural, with the occasional water buffalo, schoolgirls playing hopscotch outside a village school and crudely built brick houses. But by the time the train draws up to the suburb of Gurgaon, the cacophony of urban India is heard once again. Gurgaon is a global centre for outsourcing back-office services. Here and in other such hubs around India, routine office work and data analysis are carried out for a variety of corporate customers, many from rich countries (so their tasks have been offshored as well as outsourced). The work can be sophisticated: crunching the profit-and-loss numbers of listed companies for Wall Street analysts, or teasing spending patterns from the data gathered by supermarket tills.]]></description>
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            <title><![CDATA[Vijayawada’s inclusive expansion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11930</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Sep 2011 07:28:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Land has been very much in the news these days. There are many who keep talking about the rural-urban divide, and land of course is the principal bone of contention. Recognising the importance of rural-urban synergy in development, we will have to put scarce land to alternative uses of farming as well as urbanisation — which, in any case, is inevitable.]]></description>
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            <title><![CDATA[Follow Punjab &amp; Rajasthan on farm land reforms: CII]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11929</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Sep 2011 07:27:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Amid growing concerns over shrinking agriculture land holdings, industry chamber CII called for replication of farm land reforms initiated by Rajasthan and Punjab by other states. Drawing from the examples of Rajasthan and Punjab on leasing of farm land, CII National Council on Agriculture Chairman Rakesh Bharti Mittal said the two states have increased the lease period and ensured the owner&#039;s right on his land, which is a welcome step.]]></description>
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            <title><![CDATA[India Most-Preferred Retail Destination: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11928</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Sep 2011 06:33:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- India may not have opened its retail industry to foreign investors yet, but it’s the most preferred new destination for global retailers who bet on emerging markets to offset worsening economic conditions in the developed world. India topped the list in a survey of 323 international retailers about the markets they entered for the first time last year, done by property agents CB Richard Ellis.]]></description>
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            <title><![CDATA[Alok Realtors May Sell Lower Parel Property at a Loss]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11927</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Sep 2011 06:33:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate valuations are falling to new lows in India’s biggest real estate market— Mumbai. In what could open a Pandora’s Box for the sector, Alok Realtors, the real estate arm of Alok Industries, which had bought a commercial building from Peninsula Land in Lower Parel four years ago, is now desperately trying to dispose it of even at a loss. Alok Realtors had bought the property for 1,075 crore in 2007, in the middle of the property boom.]]></description>
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            <title><![CDATA[Need for a Middle Path -New land acquisition Bill should keep both real estate developers, farmers happy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11926</link>
			<source>Business Today</source>
			<pubDate>Tue, 27 Sep 2011 06:31:45 +0530</pubDate>
			<description><![CDATA[Business Today- Land is a symbol of pride, security and wealth. When someone has to part with his land, it is not a happy occasion for the individual. Losing your land is akin to taking a huge blow on your pride and social stature. It is this social and emotional behaviour that works against any forceful acquisition of land. In Uttar Pradesh, the government had been acquiring land without much resistance while there were huge protests against forceful land acquisition in other parts of the country.]]></description>
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            <title><![CDATA[Tread on a Safer Realty Route -Invest in real estate private equity funds to spread risk]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11925</link>
			<source>Business Today</source>
			<pubDate>Tue, 27 Sep 2011 06:30:51 +0530</pubDate>
			<description><![CDATA[Business Today- The row over land acquisition in Greater Noida, which affected at least 30,000 home buyers, left investors in a quandary. How can one invest in property and earn a good return without getting caught in a situation where one risks losing the entire money? Real estate private equity (PE) funds may be the answer. Realty PE funds generate returns from the real estate market without the risk of locking funds in one property. They tie up with developers which need funds and buy stakes in their projects.]]></description>
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            <title><![CDATA[India Inc set to report lower revenue, margins in Q2: Crisil]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11924</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 27 Sep 2011 06:29:04 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate companies are likely to see their revenues fall by about 5 per cent in the July-September period due to increase in cost of inputs like cement. During the same period, airline companies are likely to see EBITDA margins decline sharply to 10 per cent from 22 per cent last year due to higher aviation turbine fuel costs, said a report by CRISIL Research.]]></description>
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            <title><![CDATA[GIHED attempts to keep developers upbeat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11923</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Sep 2011 06:28:09 +0530</pubDate>
			<description><![CDATA[Business Standard- In a bid to keep the developers and property buyers in an upbeat mood, the Gujarat Institute of Housing and Estate Developers (GIHED) is organising a property show with over 500 residential and commercial properties to be on display. The 3-day property show will start from September 30, 2011 in Ahmedabad even as the industry continues to face rising housing loan rates and increasing construction costs hampering their margins.]]></description>
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            <title><![CDATA[Malabar Builders plans Rs 500-cr township in M&#039;lore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11922</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Sep 2011 06:27:13 +0530</pubDate>
			<description><![CDATA[Business Standard- Malabar Builders, the real estate development arm of jewelery retail chain Malabar Gold, is planning to launch its first township project in Mangalore with an investment of Rs 500 crore. The company, with five projects completed and another four in the pipeline, is looking at private equity to raise funds. The proposed township in Mangalore, spread in an area of 32 acre, would have around 1,000 apartments, said M P Ahammed, chairman of Malabar group of companies.]]></description>
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            <title><![CDATA[DB Realty in JV talks with other firms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11921</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Sep 2011 06:26:19 +0530</pubDate>
			<description><![CDATA[Business Standard- DB Realty, the Mumbai-based property developer, is in talks with major real estate companies for joint developments in two of its prime properties in the city which are valued around Rs 3,000 crore, said two persons with knowledge of these talks. The first property is located in the tony Bandra Kurla Complex, which has a development potential of a million sq ft. The second one at Kala Nagar in Bandra has a potential of 500,000 sq ft. Residential apartments sell for around Rs 20,000 a sq ft in these two areas.]]></description>
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            <title><![CDATA[DLF sells land for R280 cr, plans sale of R400-cr plot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11920</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Sep 2011 06:25:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country’s largest real estate firm DLF has sold 10.8 acres in Gurgaon to a Dubai-based Indian investor for R280 crore, as part of efforts to reduce its debt burden by a third this fiscal. The company is also in talks with other NRI investors to sell another 20 acres in Gurgaon, which is expected to fetch around R400 crore.]]></description>
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            <title><![CDATA[Govt nod for transfer of equity in DLF Pune SEZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11919</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Sep 2011 06:24:38 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government has allowed change of majority ownership of the Special Economic Zone promoted by DLF Ackruti Info Parks, but the foreign investor will have to seek security clearances from the appropriate authorities. The decision was taken by the inter-ministerial Board of Approval (BoA)on SEZs, headed by Commerce Secretary Rahul Khullar at its meeting last week.]]></description>
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            <title><![CDATA[Banks, housing fin cos ban teaser loans?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11918</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 27 Sep 2011 06:23:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- Unlike ICICI and HDFC, other banks and housing finance firms may not come out with schemes offering dual interest rate housing loans on the back of higher provisioning norms stipulated by the RBI for such advances - effecting a virtual ban on one of the most controversial products dreamed up by their marketing departments.]]></description>
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            <title><![CDATA[Tatas in rental housing foray]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11917</link>
			<source>Press Trust of India</source>
			<pubDate>Mon, 26 Sep 2011 06:29:34 +0530</pubDate>
			<description><![CDATA[Press Trust of India- Tata Housing Development Company has joined hands with the Mumbai Metropolitan Region Development Authority (MMRDA) for a rental housing project near the metropolis. The project will be built on 25 acres of land between Thane and Bhiwandi and is expected to be ready in three to four years.]]></description>
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            <title><![CDATA[Master plan for Hyderabad townships]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11916</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Sep 2011 06:27:54 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- CREDAI has suggested that integrated townships be developed to decongest the city, as urban infrastructure will be under tremendous pressure with the rising population. The Confederation of Real Estate Developers Associations of India (CREDAI) has come up with suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the Greater Hyderabad Municipal Corporation (GHMC) fine-tune the proposed master plan.]]></description>
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            <title><![CDATA[Award for professional excellence]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11915</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Sep 2011 06:27:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Zee Business and Royal Institution of Chartered Surveyors (RICS) have come together to institute an award to recognise professional excellence in real estate. The ‘ZEE BUSINESS — RICS Real Estate Award&#039; is to recognise all-round professional excellence in real estate projects and individuals.]]></description>
			</item><item>
            <title><![CDATA[Builders chant low-cost housing to beat the crisis]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11914</link>
			<source>Business Today</source>
			<pubDate>Mon, 26 Sep 2011 06:26:13 +0530</pubDate>
			<description><![CDATA[Business Today- With apartment sales falling by over 20 per cent due to high property prices and Reserve Bank of India&#039;s (RBI) anti-inflationary measures, developers have again started focusing on affordable housing to tide over the current crisis. They had done this in 2008 when recession in the West and slowdown in the domestic economy had squeezed demand forcing them to lobby for a bailout.]]></description>
			</item><item>
            <title><![CDATA[&#039;Realty holds great opportunity in medium, long terms&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11913</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Sep 2011 06:25:22 +0530</pubDate>
			<description><![CDATA[Business Standard- A joint report by industry body Ficci and Ernst &amp; Young has said foreign direct investment in real estate last year was the lowest in four years. However, private equity investments rose 47 per cent in the January-June period, compared to the same period last year. Howard Roth, global director (real estate), Ernst &amp; Young, in an interview with Raghavendra Kamath, talks about his perspective on the Indian property market.]]></description>
			</item><item>
            <title><![CDATA[Dip in FDI may hit real estate industry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11912</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Sep 2011 06:24:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- A Ficci report says that Foreign Direct Investment (FDI) in India&#039;s real estate has dipped and is at its lowest in the last four years. If the FDI continues to fall, it will hit the real estate market really hard. The realty sector will face significant shortage of homes for the middle and average middle-income group. And, the situation will be worsening in the next decade when demand is expected to rise three-fold . The cost of raw materials will again increase dramatically, putting pressure on the profit margins of developers, believe real estate developers and builders.]]></description>
			</item><item>
            <title><![CDATA[Retailers chase big land deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11911</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Sep 2011 06:23:09 +0530</pubDate>
			<description><![CDATA[Business Standard- Non-metros set to witness much of the action, too, while metro lease rentals begin a canter. Retail chains across the country are signing up for space in a big way, after a long pause that had followed the economic downturn. For instance, the Future Group, Shoppers Stop and Reliance Retail together picked up more than 10 million sq ft of retail space recently, according to Rituraj Verma, national director, retail agency, Knight Frank India. These were all long-term lease deals.]]></description>
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            <title><![CDATA[Realtors focus on green themes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11910</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Sep 2011 06:22:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Green housing is no more just another catchy phrase among property developers and builders to lure buyers. It has gone on to become a key component for some of the players in the field. In fact, more and more builders are now focusing on the long-term benefits of energy-efficient buildings and taking help of architects for their construction. While some of the fundamental points remain water harvesting and waste management, another practice is gaining momentum is the lighting of common areas based on solar energy. Although green housing is not very cost-friendly at the moment, energy conservation experts say the cost will fall by more than 20 per cent as demand picks up and technology advances.]]></description>
			</item><item>
            <title><![CDATA[Omaxe to develop 10L affordable houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11909</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Sep 2011 06:21:16 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty firm Omaxe today said it has shelved its Rs 80,000-crore investment plan aimed at developing 10 lakh affordable houses across the country over a period of five years. In May, 2008, the company had announced an elaborate plan to build 10 lakh affordable houses for low-income consumers across Tier II and III cities, at a price ranging between Rs 3 and Rs 15 lakh, over a period of five years.]]></description>
			</item><item>
            <title><![CDATA[DIP IN FDI MAY HIT REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11908</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Sep 2011 06:46:04 +0530</pubDate>
			<description><![CDATA[The Times of India- A Ficci report says that Foreign Direct Investment (FDI) in India’s real estate has dipped and is at its lowest in the last four years. If the FDI continues to fall, it will hit the real estate market really hard. The realty sector will face significant shortage of homes for the middle and average middle-income group. And, the situation will be worsening in the next decade when demand is expected to rise three-fold. The cost of raw materials will again increase dramatically, putting pressure on the profit margins of developers, believe real estate developers and builders.]]></description>
			</item><item>
            <title><![CDATA[RETAIL SPACE RIDES HIGH]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11907</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Sep 2011 06:44:14 +0530</pubDate>
			<description><![CDATA[The Times of India- A recent report tracked rents in the top 278 shopping locations across 63 countries and has ranked Delhi’s Khan Market as the 21st costliest main streets. India maintained its position as the 21st most expensive retail destination among main streets and malls in the world, according to a report recently released by global real estate advisers, Cushman &amp; Wakefield.]]></description>
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            <title><![CDATA[Demand-supply gap in affordable housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11906</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Sep 2011 06:42:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- At the end of 2008, the Greater Noida Authority took a bold decision to increase the floor area ratio and density norms in the suburb of Delhi. Thus was born Noida Extension, where over 100,000 homes have been launched in the Rs 10-35 lakh price range, giving hope to a large number of people that they would finally be home owners.]]></description>
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            <title><![CDATA[New land acquisition bill may make affordable housing only a dream: Assocham]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11905</link>
			<source>Myiris</source>
			<pubDate>Sat, 24 Sep 2011 06:41:50 +0530</pubDate>
			<description><![CDATA[Myiris- The New Land Acquisition Bill if passed by Parliament in its present form will increase prices of Janta Flats, 2 BHK, 3 BHK and 4 BHK apartments in and around Delhi by 30 to 50% depending upon the location and make affordable housing only a dream for the middle class segment, according to The Associated Chambers of Commerce and Industry of India (Assocham). As per the Assocham study, the prices of Delhi affordable housing Janta Flats, 2 BHK, 3 BHK and 4 BHK apartments will increase by up to 35%, if the land acquisition bill is passed in its proposed form.]]></description>
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            <title><![CDATA[Housing prices may come down by 15%: Experts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11904</link>
			<source>NDTV</source>
			<pubDate>Sat, 24 Sep 2011 06:40:35 +0530</pubDate>
			<description><![CDATA[NDTV- If you’re delaying your home buying decision because of rise in interest rates, then there’s some good news for you. Realty experts are of the view that there could be 10-15 percent correction in property prices in residential segment in the coming six months.]]></description>
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            <title><![CDATA[Blackstone sells $1.3 bn India funds to Aberdeen]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11903</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Sep 2011 06:39:42 +0530</pubDate>
			<description><![CDATA[Business Standard- The Blackstone Group, one of the largest private equity groups globally, is exiting its biggest India-focused close-ended mutual fund scheme: India Fund Inc.
The company will transfer the management of the fund to Aberdeen Asset Management Asia. The deal awaits stockholders’ approval on November 16. Another scheme, the Asia Tigers Fund of $60 million, is also being sold to Aberdeen. Besides the change in management, the deal size was not disclosed.]]></description>
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            <title><![CDATA[Realty explore ways to expand rental]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11902</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Sep 2011 06:38:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The real estate industry is exploring ways to expand rental housing. At a conference organised by the National Real Estate Development Council here on Friday, developers and government representatives spoke about challenges and opportunities in widening rental housing. Just 10 per cent of households in India stay in rented houses. In urban areas, an estimated 28 per cent stay in rented accommodation. In many developed countries, the proportion of rented houses is much higher. For instance, in Germany, 60 per cent stay in rented houses.]]></description>
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            <title><![CDATA[Realty developers expect 10-15% fall in home prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11901</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Sep 2011 06:37:48 +0530</pubDate>
			<description><![CDATA[Business Standard- With a sharp decline in home sales and rising interest rates, property developers say a correction in prices is inevitable over the next couple of months. According to PropEquity, a realty research firm, the number of homes sold and registered in Mumbai had come down from 6,300 units in August 2010 to around 4,500 units in August 2011, a decline of 28.5 per cent. The trend has been the same for the past couple of months.]]></description>
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            <title><![CDATA[Setback for retailers as HC okays service tax on rentals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11900</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Sep 2011 06:36:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a setback to organised retailers, a special bench of the Delhi High Court on Friday upheld the levy of service tax on commercial rentals announced in Budget 2010-11. The court said the tax will take retrospective effect from 2007.]]></description>
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            <title><![CDATA[Hard lessons for Vietnam as property market slumps]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11899</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Sep 2011 06:36:14 +0530</pubDate>
			<description><![CDATA[The Financial Express- Like many people hoping for easy cash in Vietnam&#039;s property market, Nguyen Thu Huong borrowed 500 million dong ($24,000) from a bank in April to buy a new flat she didn&#039;t need and planned to flip. The only question, she thought, was how big the profit would be. Five months later, she is lucky if she can sell it at all.]]></description>
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            <title><![CDATA[India Inc balks at Land Acquisition Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11898</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Sep 2011 06:35:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Unfinished car shells rusting in a deserted factory in India&#039;s West Bengal state lie testimony to flaws in a century-old land-acquisition law the government now wants to replace.
•	Jobs, housing, cash to landowners made mandatory
•	Costs, project delays to increase - Indian corporates react
•	Bill to push up costs by 350 pct for big plots - analysts, cos
•	Bill likely to be passed in December]]></description>
			</item><item>
            <title><![CDATA[Better regulation needed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11897</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Sep 2011 06:22:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- The organised segment of Indian real estate is only about two decades old.It could be seen as understandable that true governance is too much to ask at this early point.However,we have reached a decisive point in 2010,which was indisputably one of scams.These scams have marred the reputation and to a certain short-term extent also profitability of Indian real estate.It is very evident that more governance and regularization is called for in the Indian real estate sector.]]></description>
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            <title><![CDATA[Anti-development and impractical]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11896</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Sep 2011 06:21:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- The proposed bill on land acquisition is not only anti-development but impractical as well,developers and builders say.If the bill is passed and implemented,there cannot be any planned development of townships in the country,said the chairman and managing director of Amrapali Group,Anil Sharma,who is also vice-president of The Confederation of Real Estate Developers&#039; Associations of India (CREDAI).]]></description>
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            <title><![CDATA[Make the right move]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11895</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Sep 2011 06:20:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate market in the country is likely to see a slowdown in the near future.Coupled with the global slowdown,which may affect the Indian economy adversely,the RBI&#039;s raise in benchmark interest rates by half a percentage point will hit the sector too.In the last one year,home loan rates have gone up by around 2.5 percentage points,to around 12%,from around 9.5%.The homebuyers&#039; capacity to borrow to buy houses was adversely affected,as EMI on home loan got bigger.]]></description>
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            <title><![CDATA[An invitation to a lifestyle less ordinary]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11894</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Sep 2011 06:19:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- Plunge into luxury and high -end living as Unitech has brought to Noida,India&#039;s most luxurious,exclusive and upscale township - Unitech Golf &amp; Country Club (UGCC).This 347-acre low density township with over 80 per cent green cover is planned around a signature 9-hole golf course.UGCC has been envisioned as a landmark in club class lifestyle,which will push the boundaries of luxury living in India.]]></description>
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            <title><![CDATA[Govt move to help builders hit by land row]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11893</link>
			<source>The Times of India</source>
			<pubDate>Fri, 23 Sep 2011 06:18:29 +0530</pubDate>
			<description><![CDATA[The Times of India- The Greater Noida Authority (GNIDA ) has passed a proposal to increase the floor area ratio (FAR) of group housing plots from 2.75 to 3.50.The proposal was cleared in the 90th board meeting of the authority held on September 2. Increasing the population density norm and the FAR allows developers to construct more and help builders to bring down the pro-rata land costs, said Anil Sharma,CMD Amrapali Group and vice president of CREDAI-NCR.]]></description>
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            <title><![CDATA[New Land Law: Riddled with loopholes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11892</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Sep 2011 06:17:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- The government has introduced the Land Acquisition, Rehabilitation &amp; Resettlement Bill, 2011, in Parliament. The Bill fails to address fundamental causes behind disputes and litigation over compensation. Moreover, like the existing law, it has provisions that can be misused by states to favour companies at the expense of the rights of farmers and forest dwellers.]]></description>
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            <title><![CDATA[New Delhi’s Housing Boom Hits a Snag]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11891</link>
			<source>Bloomberg</source>
			<pubDate>Fri, 23 Sep 2011 06:16:28 +0530</pubDate>
			<description><![CDATA[Bloomberg- In the Indian capital’s suburbs, protests over land rights have spooked prospective homeowners. Elsewhere in India, protests by villagers who have been forced to sell their land to the government—usually at below-market rates—have stalled billions of dollars worth of projects, including steel mills, auto assembly plants, and highways.]]></description>
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            <title><![CDATA[Sunil Mittal’s next goal: To be a top-3 realtor]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11890</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 23 Sep 2011 06:15:14 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Sunil Bharti Mittal, the poster boy of Indian telecom, is gearing up for a big splash in real estate. The goal is to be one of the top three realty companies in India, and Mittal has set up Bharti Realty Ltd as the beachhead to achieve it. Officials at Bharti Enterprises, the group mothership, were not available to share details.]]></description>
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            <title><![CDATA[City-based realtor bags Guj govt&#039;s slum redevelopment project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11889</link>
			<source>Business Standard</source>
			<pubDate>Fri, 23 Sep 2011 06:14:12 +0530</pubDate>
			<description><![CDATA[Business Standard- Ahmedabad-based real estate developer bSafal Group is one of the first in the state to have bagged a slum redevelopment project from the Gujarat government. Under the project, bSafal Group would be constructing pucca houses for around 850 families in Ahmedabad. The state government had announced a rehabilitation and redevelopment of slums policy in 2010 that is designed for resettlement of dwellers, under the guidelines of which bSAFAL Group would be developing five slum areas.]]></description>
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            <title><![CDATA[Cabinet may clear realty Bill by winter session]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11888</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Sep 2011 06:13:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- In an effort to check the growing malpractices in the Indian real estate sector, the Union Cabinet is likely to give its clearance for the Real Estate Regulation Bill, 2011, by the winter session of Parliament. ‘‘There is an immense need to improve the regulatory environment, governance and transparency in the sector,’’ said Kumari Selja, minister of housing &amp; urban poverty alleviation.]]></description>
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            <title><![CDATA[Realty watchdog soon, says govt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11887</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Sep 2011 06:11:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Centre is working on a legislation to fill in the regulatory gaps in realty sector and the proposed law will lay emphasis on transparency and fair play in the sector whose image has taken a severe beating - in short, it was being hinted that the real estate sector in India will get a watchdog, or more pertinently a regulator. It is also hopeful that the new Land Acquisition Bill would be passed in the winter session of Parliament.]]></description>
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            <title><![CDATA[900 allottees may lose land in Delhi industrial areas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11886</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Sep 2011 06:01:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a punitive action, Delhi Government has started the process of cancelling allotment of plots to nearly 900 entrepreneurs in various industrial estates for failing to set up factories years after they were given land. The government has started the process of cancellation of allotments after extending the deadline for setting up industrial units several times in the last couple of years.]]></description>
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            <title><![CDATA[In the US, two housing markets and two directions]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11885</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Sep 2011 06:00:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- In the United States of America (the US), it&#039;s starting to feel as if there are two housing markets. One for the rich - and international buyers - and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 - about what a buyer would have paid for a home during the Great Depression.]]></description>
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            <title><![CDATA[US home sales jump 7.7% as foreclosures rise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11884</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Sep 2011 05:59:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- The number of Americans who bought previously occupied homes rose in August. But the sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery. The National Association of Realtors said Wednesday that home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03 million homes. That&#039;s below the 6 million that economists say is consistent with a healthy housing market.]]></description>
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            <title><![CDATA[‘All new buildings are quake-resistant’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11883</link>
			<source>Indian Express</source>
			<pubDate>Thu, 22 Sep 2011 06:23:57 +0530</pubDate>
			<description><![CDATA[Indian Express- Allaying earthquake fears filling the air, developers and civic officials say steps have been taken to ensure that new buildings in the city would withstand the impact in case of an earthquake striking home terrain. Developers say citizens should not be worried as constructions are being done keeping in view the earthquake resistance of a particular area. Confederation of Real Estate Developers Association of India (CREDAI) officials said buildings are constructed after the reinforced cement concrete (RCC) structure confirms with the earthquake resistance in a particular area.]]></description>
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            <title><![CDATA[Look beyond new land Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11882</link>
			<source>The Pioneer</source>
			<pubDate>Thu, 22 Sep 2011 06:22:35 +0530</pubDate>
			<description><![CDATA[The Pioneer- The Land Acquisition Bill addresses the genuine concerns of land-owners and ensures their interests are protected. Collaboration is an alternative option. It is probably true that neither the people of India nor our rulers and administrators quite know how to tackle our problems. But even though people in urban and rural areas may not understand the issues or possible solutions very well themselves, they are not willing to passively endure the inaction of an incompetent sarkar any longer.]]></description>
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            <title><![CDATA[Mumbai property deals registration continues to slide, down 25% in August at 27 month low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11881</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 22 Sep 2011 06:20:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- Property registration in India&#039;s biggest real estate market Mumbai continued its slide in August and touched a twenty-seven month low. This drops comes in the backdrop of rising interest rates and real estate prices which hasn&#039;t seen any significant correction despite the slump.]]></description>
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            <title><![CDATA[Two’s company]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11880</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Sep 2011 06:19:57 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Developers are increasingly turning to joint development right deals, involving joint ownership of land along with revenue sharing — a mutually-beneficial model for both owner and developer. With land becoming a rare and highly-priced commodity, cash-starved property developers are now turning to joint development right deals and revenue sharing, instead of the earlier joint venture/profit sharing model.]]></description>
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            <title><![CDATA[Casa Grande’s luxury villa project Versailles at Uthandi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11879</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Sep 2011 06:19:00 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- CASA GRANDE, a fast growing real estate development company in Ch&shy;ennai, is launching Versailles, exclusive presidential villas, at Uthandi in ECR, which runs parallel to the IT corridor. The project is ideally suited for people looking for benefits and convenience of quality independent homes. Spread in over 1.71 acre, Versailles will offer 17 ultra premium villas within a fully gated estate, set amidst manicured lawns. Each villa comes with 3,900 sq ft of land and a built-up area that ranges between 4,200 sq ft (ground along with two floors) and 4,800 sq ft, depending on individual preference.]]></description>
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            <title><![CDATA[Phadnis brings Eastern Ranges at Keshavnagar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11878</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Sep 2011 06:18:21 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Spread over 18 acres, the project consists of a total of 900 housing units in 18 buildings at Keshavnagar. Each building will have 12 floors and each floor will have three-four flats. After having set up six residential projects in various prime locations in the fast developing Pu&shy;ne city, real estate developer Phadnis Properties has now launched Eastern Ranges, a premium residential project at Keshavnagar in Mudhwa zone, Pune.]]></description>
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            <title><![CDATA[Prestige launches luxury apartments of ‘Edwardian’ era]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11877</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Sep 2011 06:17:35 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Prestige Group has launched Prestige Edwa&shy;rdian, a luxury apartment project in the heart of the city, on Edward Road, about 2 km from MG Road. The project, which will be spread across 40,000 sq ft, as the name ‘Edwardian’ suggests will be designed using the Edwardian style of architecture. The design marvel is reflective of a distinct architectural style prevalent in the United Kingdom between 1901 and 1914, during the reign of King Edward VII.]]></description>
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            <title><![CDATA[UK’s Lebara Group Buys Hotel Near Chennai for 110 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11876</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Sep 2011 06:25:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- The promoters of UK-based Lebara Group have acquired a property in Chennai, which will be managed as a fourstar hotel by the Indian Hotels Company. The 190-room under-construction hotel would be managed by the Taj Group of hotels under the Gateway brand. Located on the Old Mahabalipuram Road, in the south of Chennai, the hotel was owned by RAS Adyar Hotel Limited, which is promoted by former Justice Ramaswami’s family.]]></description>
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            <title><![CDATA[HDIL to Sell 5 M sq ft Land near Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11875</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Sep 2011 06:24:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty developer Housing Development and Infrastructure has put nearly 5 million sq ft of land parcels at Virar near Mumbai on the block, people familiar with the plans said. The developer expects to raise . 650 crore through the sale in the next few weeks to repay its debt.]]></description>
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            <title><![CDATA[DLF, 3C to Sell IT Park to IDFC for 512 Cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11874</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Sep 2011 06:23:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- Two-phased transaction part of move by DLF to shed non-core assets to ease . 21,000-crore debt burden
Infrastructure Development Finance Corporation (IDFC) will acquire an IT park jointly owned by DLF and The 3C Company in Noida for . 512 crore. The 1.36 million sq ft IT park, partly occupied by Computer Sciences Corp, is one of the non-core assets DLF was planning to monetise to reduce its growing debt.]]></description>
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            <title><![CDATA[Shyam Saran: The coming global crisis - is India ready?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11873</link>
			<source>Business Standard</source>
			<pubDate>Wed, 21 Sep 2011 06:22:36 +0530</pubDate>
			<description><![CDATA[Business Standard- The country must urgently draw up contingency plans to shield itself from the imminent global financial crisis
Recent developments in the US, the euro zone and even China hold out the depressing prospect that the global economy may be heading towards another financial and economic crisis, perhaps even more serious than that of 2008. In the United States, massive stimulus packages totalling over $1.5 trillion in the past three years, coupled with a negative real rate of interest, have failed to kick-start growth in the economy and unemployment remains at a disappointing nine per cent level. These economic woes are exacerbated by a political gridlock in Washington, with a beleaguered President Obama unable to provide effective and credible leadership.]]></description>
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            <title><![CDATA[Property sale picking momentum in city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11872</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 21 Sep 2011 06:21:40 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- The home loan rates may have shown a consistent increase for the past year but property sale is not as down as was being feared in Pune city. In fact, the property sale has increased this year compared to last year with businessmen in real-estate industry sector expecting that the trend will continue till the end of the year. In Pimpri-Chinchwad where construction activity is booming, flat sale is down by around 10 per cent.]]></description>
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            <title><![CDATA[DLF’s debt plan may trip on slow economy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11871</link>
			<source>Daily News & Analysis</source>
			<pubDate>Wed, 21 Sep 2011 06:20:42 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- DLF Ltd, India’s largest real estate developer, plans to cut Rs6,000-7,000 crore from its total debt of close to Rs24,000 crore in the next two years through improved cash flows and non-core asset sales, but analysts are doubtful that the target will be achieved. Rajeev Talwar, group executive director, DLF, said the target is to offload debt of Rs6,000-7,000 crore in the next two years.]]></description>
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            <title><![CDATA[Govt to start training academy for construction workers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11870</link>
			<source>The Times of India</source>
			<pubDate>Wed, 21 Sep 2011 06:19:38 +0530</pubDate>
			<description><![CDATA[The Times of India- The Kerala government is planning to start a &#039;Kerala Construction Academy&#039; which will impart short-term training to unskilled workers in the construction industry. Labour minister Shibu Baby John revealed this to The Times of India upon returning from a recent visit to Singapore. The minister is also planning to start the &#039;Kerala Skills Development Corporation&#039; to train upto 20,000 Plus 2 students every year in different engineering streams based on the educational system in Singapore.]]></description>
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            <title><![CDATA[Complaints against realtors rising]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11869</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Sep 2011 06:18:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- The recent decision of the Competition Commission of India (CCI) to slap a R630-crore fine on realty major DLF for abusing its dominant position is only a tip of the iceberg. If the records of the Delhi consumer court are taken into account, the maximum number of cases registered are against real estate companies. Out of every 10 complaints which get registered at the Consumer Disputes Redressal Commission (consumer court) in Delhi, eight are against real estate players.]]></description>
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            <title><![CDATA[GMADA hands out 20,000 Eco-City brochures]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11868</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Sep 2011 06:17:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- The prospective buyers of Greater Mohali Area Development Authority will be better off if the they apply online. While the authorities have fixed the cost of the brochure at Rs 500, the same application, if filled online, can be hadfree of cost. The authority is expecting over 1 lakh applications (both online and through brochures) for its Eco- City project in Mullanpur.]]></description>
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            <title><![CDATA[SC/ST slumdwellers to get flats nearly free of cost]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11867</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Sep 2011 06:16:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Slum dwellers from the Scheduled Caste and Scheduled Tribe communities in the city will become eligible for flats costing a little over Rs 3 lakh virtually free of cost, with the Delhi government as well as Centre deciding to bear the expenses. A Cabinet meeting presided by Chief Minister Sheila Dikshit decided to waive the Delhi government’s share of Rs 60,000 for each dwelling unit, if an SC or ST family gets a flat built under the Rajiv Ratan Awas Yojna.]]></description>
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            <title><![CDATA[Sikkim earthquake- A reminder to go for home insurance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11866</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Sep 2011 06:25:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- The comment was sharp and telling. &quot;How come banks or guys who lend you the loans are not very keen on protecting whatever might be their exposure in the unfortunate event of the demise of the loanee,&quot; Insurance and Regulatory Development Authority (Irda) chairman J Hari Narayan told participants at a recent ET insurance seminar.]]></description>
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            <title><![CDATA[NHB to set up mortgage finance firm by FY12-end]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11865</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Sep 2011 06:24:07 +0530</pubDate>
			<description><![CDATA[Business Standard- State-run National Housing Bank (NHB) plans to set up a mortgage finance company by the end of this financial year. The housing finance watchdog, wholly owned by the Reserve Bank of India, will compensate banks and housing finance companies in case of default by home loan borrowers. The apex housing finance institution has identified Asian Development Bank and International Finance Company as the two partners. It is looking for a third strategic partner for technical expertise, which will have a 36 per cent stake in the proposed entity.]]></description>
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            <title><![CDATA[PPP: Private push to prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11864</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Tue, 20 Sep 2011 06:23:20 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- The Orissa State Housing Board (OSHB) has invited proposals from private developers to build two integrated townships on the outskirts of the city. However, developers feel that increasing tie-ups between OSHB and private players will push up land prices. Though OSHB officials maintain that public-private-partnership (PPP) projects will lead to healthy competition among local builders, private developers said it was because of such projects that land price was skyrocketing in the city.]]></description>
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            <title><![CDATA[Govt grants SEZ status to entire Smart City area]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11863</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Sep 2011 06:23:03 +0530</pubDate>
			<description><![CDATA[Business Standard- The Union commerce ministry today granted the status of a special economic zone (SEZ) to 114-acre site of the proposed Smart City project in Kochi. With this, the SEZ status has now been accorded to the total area of 246 acres of the proejct. Earlier, in March this year, the government had sactioned SEZ status only to 132 acres as the total project area is divided into two by a river in the middle.]]></description>
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            <title><![CDATA[Rate Hike Adds to Realtors’ Debt Burden]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11862</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 20 Sep 2011 06:22:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Efforts by real estate companies to reduce debt by selling non-core assets are coming a cropper as bank interest rates continue to rise. The combined net debt of the country&#039;s top eleven listed real estate companies is 38,500 crore. The cost of debt for most real estate companies is in the range of 12-15%, on the basis of which the combined interest burden on them is between 4,600 crore and 5,800 crore. Reserve Bank of India last week raised interest rates by 25 basis points, which was the twelfth in eighteen months. Builders say it&#039;s a double whammy-as homebuyers are being forced to postpone their purchases while cost of debt is rising for them as well.]]></description>
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            <title><![CDATA[PPP: Private push to prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11861</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Tue, 20 Sep 2011 06:21:16 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- The Orissa State Housing Board (OSHB) has invited proposals from private developers to build two integrated townships on the outskirts of the city. However, developers feel that increasing tie-ups between OSHB and private players will push up land prices. Though OSHB officials maintain that public-private-partnership (PPP) projects will lead to healthy competition among local builders, private developers said it was because of such projects that land price was skyrocketing in the city.]]></description>
			</item><item>
            <title><![CDATA[PPP: Private push to prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11860</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Tue, 20 Sep 2011 06:18:03 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- The Orissa State Housing Board (OSHB) has invited proposals from private developers to build two integrated townships on the outskirts of the city. However, developers feel that increasing tie-ups between OSHB and private players will push up land prices. Though OSHB officials maintain that public-private-partnership (PPP) projects will lead to healthy competition among local builders, private developers said it was because of such projects that land price was skyrocketing in the city.]]></description>
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            <title><![CDATA[FDI inflow to real estate lowest in 4 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11859</link>
			<source>Business Standard</source>
			<pubDate>Tue, 20 Sep 2011 06:15:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Foreign direct investment (FDI) in the real-estate sector last year was the lowest in four years, but private equity activity gained momentum during the recent months, according to a study by an Indian industry chamber and a global accountancy firm. Between January and June 2011, PE investments in real estate reached $444 million, 47 per cent higher than the investments made in 2010 during the same period. And, most of the investments are coming from realty-focused funds, says a joint report brought out by Ficci and Ernst &amp; Young.]]></description>
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            <title><![CDATA[Mumbai property deeds in Aug hit two-year low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11858</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 20 Sep 2011 06:13:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Buyers continue to shy away from purchasing homes in India’s largest real estate market, Mumbai, as interest rates rise and developers prefer to build expensive apartments to affordable homes. Property sales registration in the metro for August touched a new low in over two years, falling around 24% year-on-year to 4,611, according to data sourced from the Director General of Registrations, Mumbai. In August 2010, 6,100 sales were registered, according to data from Mumbai-based brokerage Prabhudas Lilladher.]]></description>
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            <title><![CDATA[Noida farmers stick to no-fee regularization, vow fresh stir]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11857</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Sep 2011 06:33:10 +0530</pubDate>
			<description><![CDATA[The Times of India- Noida farmers threatened at a panchayat on Sunday that if their demand of regularizing shops on a b a d i land without any fee was not met, they would block construction work at housing projects from September 21. They also threatened the Noida Authority that they would take Authority officials hostage if they come to Noida villages to conduct a survey of the a d a b iland. Another group of Noida farmers have threatened to gherao Authority officials in their Sector 6 office in Harola on September 23.]]></description>
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            <title><![CDATA[Repo hike, cost spike may kill housing dreams]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11856</link>
			<source>Deccan Herald</source>
			<pubDate>Mon, 19 Sep 2011 06:32:12 +0530</pubDate>
			<description><![CDATA[Deccan Herald- Skyrocketing prices of building material, the RBI increasing the repo rates and the state government levying stamp duty at 6 per cent of the building cost for joint development plans will, in all probability, may shatter the housing dreams of the middle class in the coming months.]]></description>
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            <title><![CDATA[Ascott starts operations in South]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11855</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Sep 2011 06:31:26 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Ascott Limited, a wholly-owned serviced residence business unit of CapitaLand, has opened two serviced residences in India last month. According to a press release from the company, the 96-unit Citadines Richmond Bangalore opened on August 1 and Somerset Greenways Chennai, a 187-apartment unit, was opened on August 29.]]></description>
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            <title><![CDATA[Ascendas bags LEED Certification]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11854</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Sep 2011 06:30:35 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The International Tech Park Chennai (ITPC) a joint venture between Ascendas and the Tamil Nadu Industrial Development Corporation (Tidco) has been awarded the LEED Silver certification for Phase I, the Pinnacle building, according to a press release from the company. The Pinnacle building received LEED Silver status in the category ‘Existing Buildings: Operations &amp; Maintenance&#039; (EB:O&amp;M), version 2009 standard. Built in 2005, the 10-storey Pinnacle is the first of the three buildings at International Tech Park, Chennai, and offers 5.42 lakh square feet of quality business space. The building has since made several modifications and retrofits to conserve energy and water and also reduce harmful greenhouse gas emissions.]]></description>
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            <title><![CDATA[RICS to focus on South Asia]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11853</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Sep 2011 06:29:42 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Royal Institution of Chartered Surveyors (RICS), which set up its India operations nearly three years ago, has now identified a new market region ‘RICS South Asia&#039;, as it strengthens its presence in the region.
According to a press release from RICS, the market comprises India, Sri Lanka, Bangladesh, Myanmar and Nepal, and its operations were formally launched from September 1, 2011. Other RICS regions include UK and Ireland, Latin America, North America, Europe, Middle East and Africa (EMEA), South East Asia and Oceania.]]></description>
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            <title><![CDATA[Let not the NRI love lead to infatuation in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11852</link>
			<source>Moneycontrol</source>
			<pubDate>Mon, 19 Sep 2011 06:27:31 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Real estate investment for long has been a favorite asset class for the Indian, and that love does not wane even as he transforms to being a non-resident Indian. The reasons are not far to seek: the NRI understands the lay of the land, and at the back of his mind, the security of owning a property back home if he needs to retrace his steps to his homeland lurks. Of course, attractive growth rates in property prices and the seeming invincibility of this asset class (you rarely seem to make a loss, since you are willing to hold for long periods of time) are a couple of other strong reasons for this investment.]]></description>
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            <title><![CDATA[Repo rate: How RBI&#039;s tight money policy will affect real estate sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11851</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Sep 2011 06:26:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- The economy and the real estate sector in the country are currently in a state of uncertainty. With chances of default by countries like Greece, Portugal and Ireland high, the global financial markets are in a flux. This has put pressure on Indian economy as well. At the same time, rising inflation in the country has further compounded the problem. The government&#039;s and the RBI&#039;s tight money policy to contain inflation has only jolted the economic activities in the country further. All these factors are likely to affect the real estate sector adversely in the near future. And, the US debt worries have further added to the uncertainty.]]></description>
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            <title><![CDATA[Land Acquisition Bill: Will new land law hurt realty sector?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11850</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Sep 2011 06:25:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- The new land policy cleared by Union Cabinet could lead to a big gap between demand and supply. Paying compensation four times the highest amount of registered sale in the area in last three years is only going to increase the cost of setting up the industrial establishments, infrastructural projects and townships, believe real estate firms. If the bill is passed in its proposed form, it will badly hurt the realty sector and urban development, apart from, practically, ending the dreams of affordable housing for the middle class segment.]]></description>
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            <title><![CDATA[Why India continues to be a safe real estate investment destination for NRIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11849</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 19 Sep 2011 06:17:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- The factors that drive the sentiment amongst the Non-Resident Indians to invest in a property back home are many. The idea to have a base in the home country where one can return to is a prime reason that motivates the NRI buyer. Also, there are a growing number of NRI investors who look at India to get better appreciation on their investment.]]></description>
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            <title><![CDATA[Input costs rise; real estate to be dearer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11848</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Sep 2011 06:16:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Property analysts&#039; wisdom is that with less demand, property prices will drop in the next few months. But developers say rising costs of borrowing and construction inputs has put pressure on their margins that a 10-15% increase in property prices by this year-end is inevitable. Normally, the price escalation is about 3-4% per annum. But in the past six months, input costs have risen by 7%. &quot;The average cost of construction has increased by Rs 150 per sqft due to a sharp increase in cement and steel prices. We have to pass on the cost to customers,&quot; said Sushil Mantri, president of Confederation of Real Estate Developers Association of India (Credai)-Karnataka on the sidelines of a two-day Credai Realty Expo that began here on Saturday.]]></description>
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            <title><![CDATA[Indian real estate faces cash crisis]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11847</link>
			<source>Financial Times</source>
			<pubDate>Mon, 19 Sep 2011 06:15:50 +0530</pubDate>
			<description><![CDATA[Financial Times- The Indian real estate sector, once the realm of high-risk investments with astronomical returns, is facing a liquidity crisis in the face of escalating commodity prices, interest rates and inflation. With the sector carrying a debt burden of about $24.6bn in the year to July 2011 – up almost seven times from $3.8bn in September 2005 – many small- and midsized Indian property groups face the risk of default. Major developers are delaying projects, discounting properties and looking to sell big assets.]]></description>
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            <title><![CDATA[NHB sees drop in home loan growth, blames high prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11846</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 19 Sep 2011 06:14:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- HOUSING finance watchdog National Housing Bank (NHB) has said demand for home loans will slow down in the next few months due to high property prices. The RBI has increased key short-term rates by a record 12 times over the past 18 months, with an eye to tame uncomfortably high inflation, which stood at 9.78 per cent for August.]]></description>
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            <title><![CDATA[No plans to enter politics: Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11845</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Sep 2011 06:13:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty baron Niranjan Hiranandani has said he had no plans to take a plunge into politics, and he was happy being in corporate sector. Hiranandani said he was comfortable being in real estate business. &quot;No, I cannot mix business and politics, and hence want to be away from it.&quot; He was speaking to reporters after announcing his Group&#039;s plan to launch a 200-bed multi-speciality hospital in this suburb of Mumbai.]]></description>
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            <title><![CDATA[Raj Nagar Extension offers price stability]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11844</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Sep 2011 06:12:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- In the property market around the NCR, it is a rarity for an area to have stable property prices, that too over the last three years with no speculators or major broking houses entering the fray. Raj Nagar Extension has been one such area. This situation is, however, fast changing. Despite the problems faced in commuting, Raj Nagar Extension is being seen as a good investment opportunity. Buyers considering this locality see it as a good place to stay, and being close to the capital, believe that it will appreciate and provide good returns over the long term.]]></description>
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            <title><![CDATA[Starwood plans 100 hotels in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11843</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Sep 2011 06:11:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Leading global hotel and leisure company Starwood Hotels and Resorts Worldwide, which is targeting 100 properties by 2015 in the country, said its main focus will be tier II and III (rpt II and III) cities for its business hotel brands -- &#039;Four Points&#039; and &#039;Aloft&#039;.]]></description>
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            <title><![CDATA[WILL NEW LAND LAW HURT REALTY SECTOR?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11842</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Sep 2011 07:51:23 +0530</pubDate>
			<description><![CDATA[The Times of India- The land acquisition bill has not been received well by the industry and other stakeholders, who feel it will hurt the realty sector and urban development, apart from putting paid to the dreams of affordable housing for middle-class segments.]]></description>
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            <title><![CDATA[REDUX 2008? REALTY GASPS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11841</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Sep 2011 07:50:23 +0530</pubDate>
			<description><![CDATA[The Times of India- The government’s and the RBI’s tight money policy to contain inflation has only jolted the economic activities in the country further. All these factors are likely to affect the real estate sector adversely in the near future. PRABHAKAR SINHA writes. The economy and the real estate sector in the country are currently in a state of uncertainty. With chances of default by countries like Greece, Portugal and Ireland high, the global financial markets are in a flux. This has put pressure on Indian economy as well.]]></description>
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            <title><![CDATA[‘Land Acquisition Bill benefits realtors’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11840</link>
			<source>Deccan Herald</source>
			<pubDate>Sat, 17 Sep 2011 07:42:07 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The Land Acquisition Bill is about real estate and not really about farmers or development, said P Sainath, a journalist. He was delivering the Brother Jose Vetticattil Memorial Lecture on ‘Rural India After Two Decades of Liberalisation’ organised by Functional Vocational Training and Research Society on Friday.]]></description>
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            <title><![CDATA[Despite RBI&#039;s move, home loan demand won&#039;t fall: Parsvnath]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11839</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Sep 2011 07:41:20 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) raised the key interest rate for the 12th time since March, 2010, by 25 basis points to rein in high inflation. The short-term lending (or repo) rate at which banks borrow from the RBI stands increased to 8.25%. The short-term borrowing (or reverse repo) rate, at which banks park their funds with the RBI, has been adjusted to 7.25%. With RBI&#039;s decision today, all the loans are set to become costlier. The car and home loans and the EMIs will also be impacted with this move.]]></description>
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            <title><![CDATA[Realty sector looking at possible &#039;recession&#039;: Hiranandani]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11838</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 17 Sep 2011 07:40:28 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The Reserve Bank of India (RBI) raised the key interest rate for the 12th time since March, 2010, by 25 basis points to rein in high inflation. With RBI&#039;s decision, the home loans are set to get costlier, which would impact the real estate space. Niranjan Hiranandani, managing director of Hiranandani Group told CNBC-TV18 that the marginal customers would be highly affected due to this rake hike. He indicated that there could be a possible recession in the real estate sector. He said, &quot;We have been witnessing a recessionary trend in the realty space.&quot;]]></description>
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            <title><![CDATA[Developers predict further slump in realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11837</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Sep 2011 07:39:39 +0530</pubDate>
			<description><![CDATA[Business Standard- The successive rate rise by the Reserve Bank of India (RBI) to tame inflation has left the real estate sector frowning. The industry, already struggling with shortage of labour and high input cost, is threatening to pass on the rise in rate to buyers, but has stopped short of giving an estimate on how much property prices could go up. Most developers are experiencing a slump in sales by 60-70 per cent, but the hope of a revival during the festive season seems dim now following the 25 basis point increase today.]]></description>
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            <title><![CDATA[DLF moves SC over Haryana tax on golf]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11836</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Sep 2011 07:38:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF Golf Resorts has moved the Supreme Court challenging the Haryana government’s tax on entertainment and amusements, which include sports like golf. The company has sought a stay on the demand notices issued by the state entertainment tax officer seeking to levy entertainment duty for the 2004-08 period. The notice was served on the grounds that the entry of members to the DLF Golf Resorts in Gurgaon for the sport amounted to ‘entertainment’ as defined under the Punjab Entertainment Duty Act, 1955.]]></description>
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            <title><![CDATA[RBI rate hike: Realtors warn of surge in housing prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11835</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Sep 2011 07:33:58 +0530</pubDate>
			<description><![CDATA[The Financial Express- Housing prices are likely to go up on account of an expected rise in the developers&#039; borrowing costs following the Reserve Bank of India&#039;s (RBI) decision to hike key interest rates by 25 basis points, but realtors do not foresee demand being dampened during the ensuing festive season.]]></description>
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            <title><![CDATA[Govt to reclaim 1,900 acres of Sohna land;Farmhouses To Get Eviction Notice, Officials Face Action, 20 Yrs After Landgrab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11834</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Sep 2011 06:36:13 +0530</pubDate>
			<description><![CDATA[The Times of India- In a major crackdown on the land mafia, the district administration has ordered transfer of close to 1,900 acres of land in Sohna region back to the local municipal committee. This has happened 20 years after the land was allegedly grabbed. With this the earlier titles of this land stand dissolved, say officials. This includes 150 acres on which farmhouses have come up. The area falls inside the Aravalli forest area on Sohna-Tauru road.]]></description>
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            <title><![CDATA[No ceiling on nonfarm lands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11833</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Sep 2011 06:35:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private developers in Haryana have had a windfall with the state assembly removing the ceiling on the non-agricultural land holding in urban and industrial zones. The Haryana State Assembly has removed the ceiling on land ownership by a person or entity in the case of non-agricultural land in urban and industrial zones. This will bring relief to private developers who won&#039;t have to float different firms to acquire patches of land for building apartments or townships in the state, something they were forced to do surreptitiously until Wednesday.]]></description>
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            <title><![CDATA[RICS sets up South Asia Board to Strengthen Presence]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11832</link>
			<source>Business Wire India</source>
			<pubDate>Fri, 16 Sep 2011 06:34:23 +0530</pubDate>
			<description><![CDATA[Business Wire India- The Royal Institution of Chartered Surveyors (RICS), which set up its India operations nearly three years ago, has now formed a new world region ‘ RICS South Asia’ as it looks to strengthen its presence in the Asian subcontinent. The ‘South Asia’ region comprises the countries of India, Sri Lanka, Bangladesh, Myanmar and Nepal and has formally come into effect from 01 September 2011. Other RICS world regions include UK &amp; Ireland, Latin America, North America, Europe, Middle East and Africa (EMEA), South East Asia and Oceania.]]></description>
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            <title><![CDATA[Land in India: A tectonic shift]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11831</link>
			<source>Deccan Herald</source>
			<pubDate>Fri, 16 Sep 2011 06:33:18 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The tribals have gained the least and lost the most from India being a free and democratic country. In view of the rising food security concerns, a 2009 UN report noted that the acquisition of land internationally is one possible strategic choice to address the challenge. As spectre of uncertainty looms over a future without affordable food and water, billions of people around the world riven already by repression and recession, corruption and mismanagement, boundary disputes and ancient feuds, ethnic tension and religious fundamentalism are beginning to face the heat. A 21st century land rush is very much on.]]></description>
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            <title><![CDATA[Builders fear drop in real estate prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11830</link>
			<source>The Times of India</source>
			<pubDate>Fri, 16 Sep 2011 06:32:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Inflation and increasing lending rates are likely to put a negative impact on real estate prices in the coming months, apprehend industry players. The slowdown is largely going to affect middle-income group customers and mid-level builders in the long run.]]></description>
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            <title><![CDATA[After long, commercial realty shows strength]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11829</link>
			<source>Daily News & Analysis</source>
			<pubDate>Fri, 16 Sep 2011 06:31:28 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Commercial realty, or office space, segment is showing signs of improvement on account of stabilised vacancy rates, limited launches and a rise in demand. Absorption rate, or the rate at which office space is occupied, has shown a considerable improvement in the first six months of 2011 and experts see it improving in the second half as well.]]></description>
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            <title><![CDATA[Jones Lang LaSalle announces 2 major business expansion initiatives]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11828</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Sep 2011 06:30:40 +0530</pubDate>
			<description><![CDATA[Business Standard- International property consultancy Jones Lang LaSalle today began its annual Global Executive Committee meeting, which was held in India for the first time since 2007. On the occasion, Colin Dyer, CEO of Jones Lang LaSalle, gave an update on the global office space front. Alastair Hughes, Chief Executive Officer, Asia Pacific at Jones Lang LaSalle, also announced two important business expansion initiatives. The first was the launch of its business operations Sri Lanka.]]></description>
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            <title><![CDATA[Indian Builders Chase Costly PE Fund Loans, Knight Frank Says]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11827</link>
			<source>Bloomberg</source>
			<pubDate>Fri, 16 Sep 2011 06:29:18 +0530</pubDate>
			<description><![CDATA[Bloomberg- Indian developers will borrow about $1 billion from private equity funds this fiscal year at rates higher than banks, which are cutting loans to builders, according to Knight Frank LLP. Buyout funds have ploughed 12 billion rupees ($252 million) into developers’ projects in the past three months, and may invest as much as 35 billion rupees by March 31, said Amit Goenka, national director of capital transactions at the Indian unit of London-based Knight Frank. Private equity deals are getting transacted at internal rates of returns, or the yield of the investment, of 25 percent to 30 percent.]]></description>
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            <title><![CDATA[DLF to exit Mumbai by selling Rs 2,500 cr plot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11826</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 16 Sep 2011 06:28:30 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Huge debt and rising interest costs have forced DLF, India&#039;s largest property developer, to sell 17.5 acres of land in Lower Parel in Mumbai, which investment ban&shy;kers say could fetch over Rs 2,500 crore. Two officials close to the development told Financial Chronicle that DLF had appointed a leading property consultant in Mumbai to sell the land and was in talks with leading developers.]]></description>
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            <title><![CDATA[City set to witness 2 mn sq. ft. office, commercial supply by Dec]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11825</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Sep 2011 06:27:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Even as rentals take a hit in Ahmedabad&#039;s commercial and office segments, the city will see another couple of million sq ft of space being added by the end of December 2011, say developers. What&#039;s more, while sales of properties have been mostly investor driven, the end users are shying away, say industry players.]]></description>
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            <title><![CDATA[Realtors prefer sale of offices to lease]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11824</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Sep 2011 06:26:57 +0530</pubDate>
			<description><![CDATA[Business Standard- Faced with tight liquidity conditions and falling residential sales, property developers are increasingly opting for selling their office properties than leasing these out. Leasing had been the preferred mode for developers in the past, as it offered them a steady stream of income and protect them from losing the upside if property markets went up. But the slowdown in both residential and commercial properties has changed their conventional strategy.]]></description>
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            <title><![CDATA[JLL forays into residential services]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11823</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Sep 2011 06:25:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- Jones Lang LaSalle Property Consultants (India), the Indian subsidiary of world’s largest property consultants by revenue, will now offer advise to builders, sell and buy residential apartments in India, expanding from its core commercial property advise. JLL’s new plan signals the rise in demand for residential apartments.]]></description>
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            <title><![CDATA[DDA likely to build over 60,000 flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11822</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Sep 2011 06:25:13 +0530</pubDate>
			<description><![CDATA[The Financial Express- Good news for home seekers in Delhi. The DDA is likely to construct over 60,000 flats in the national capital. The flats to be constructed over a period of time is likely to come up in several localities and the agency could use new technologies to construct them. Sources said the issue is likely to be on the agenda at a meeting to be held tomorrow at the Delhi Development Authority.]]></description>
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            <title><![CDATA[Builders agree to sell on basis of carpet area]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11821</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Sep 2011 06:24:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- In an attempt to bring in transparency and fair play, the Maharashtra Chamber of Housing Industry (MCHI) has framed a &#039;code of conduct&#039; for its members, which came into force on September 13. The new norms require full disclosure of property titles, sale agreement on the carpet area basis, disclosure of possession details and additional charges, and arbitration and mediation mechanism; MCHI Honorary Secretary Boman Irani said.]]></description>
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            <title><![CDATA[Jones Lang LaSalle CEO: Hesitancy in global realty mkts persists]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11820</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Sep 2011 06:23:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Jones Lang LaSalle Inc, one of the world&#039;s largest real estate service companies, sees continued hesitancy in global real estate markets, its CEO said on Thursday, but is confident the Asia Pacific region will fuel growth. The Chicago-based company posted slightly better-than- expected second-quarter earnings in late July but cautioned that the rebound in global commercial real estate over the last year may be dissipating.]]></description>
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            <title><![CDATA[Draft farmhouse policy contrary to zonal plans, say critics]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11819</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Sep 2011 06:16:07 +0530</pubDate>
			<description><![CDATA[The Times of India- Non-Official Members Of DDA Say It Favours High &amp; Mighty By Regularising What’s Illegal, Dissent Note Circulated. Governing body members of the Delhi Development Authority (DDA) will meet on Friday to decide on the much debated farmhouse policy with proposed amendments. The policy aims at regularizing more than 2,000 farmhouses in the city apart from permitting setting up of fitness and wellness centres, naturopathy clinics, amusement parks and banquet halls. However, those opposing the policy have called it a measure to appease the city’s high and mighty.]]></description>
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            <title><![CDATA[Indian property: deal or no deal?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11818</link>
			<source>Financial Times</source>
			<pubDate>Thu, 15 Sep 2011 06:15:16 +0530</pubDate>
			<description><![CDATA[Financial Times- Amid a three-day decline in the Bombay Stock Exchange’s benchmark Sensex index, India’s largest property developer, DLF, saw a spike in its share price on a report that it might sell a big block of land in central Mumbai for an eye-watering $850m. DLF declined to comment and analysts doubted whether the price tag could ever be justified. But at least the story breathed a bit of life into India’s depressed property sector which, in the face of regulatory uncertainty, high inflation and interest rates, and low sales and registrations, is facing a severe cash crunch.]]></description>
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            <title><![CDATA[Real estate prices in central Mumbai to slip further due to oversupply]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11817</link>
			<source>Daily News & Analysis</source>
			<pubDate>Thu, 15 Sep 2011 06:14:14 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- There is both good and bad news for real estate buyers. Those expecting a correction in the real estate market will unfortunately have to shell out more during Diwali. But the good news is that real estate prices in central Mumbai may slip further because of oversupply and confused government policies.]]></description>
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            <title><![CDATA[US&#039;s Mumbai properties worth 1K cr on the block]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11816</link>
			<source>The Times of India</source>
			<pubDate>Thu, 15 Sep 2011 06:13:32 +0530</pubDate>
			<description><![CDATA[The Times of India- The US government has given its consulates the nod to consolidate their real estate across India, estimated to be worth around Rs 5,000 crore. On Tuesday, the consulate in Mumbai put up sale notices on two prime properties estimated to be worth Rs 1,000 crore: the sea-facing Lincoln House at Breach Candy and the three-storey Washington House at Altamont Road. The consulate is set to relocate later this year to a new building constructed on about 10 acres at Bandra Kurla Complex.]]></description>
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            <title><![CDATA[NSL group launches villas on Mediterranean theme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11815</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Sep 2011 06:11:51 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- NSL Divyasree Orion in Hyderabad will offer 66 villas in sizes between 3,150-4,500 sq ft. NSL group, with interests in sugar, IT SEZs and power, has embarked on a premium villa project, NSL Divyasree Orion, at Raidurg near Gachibowli, the emerging IT hub in Hyderabad. The location is the advantage for the project, which is coming up in 10.5 acre near NSL Divyasree IT SEZ. The project, having 66 villas, uses Mediterranean themes for designing and landscaping and offers sizes ranging from 350-500 sq yd (3,150-4,500 sq ft).]]></description>
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            <title><![CDATA[Century Real Estate offers Syndhomes in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11814</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Sep 2011 06:10:58 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Century Real Estate has recently launched Century Syndhomes, an apartment project exclusively for the em&shy;ployees of Syndicate Bank. Synd&shy;homes will comprise two and th&shy;ree BHK units and is coming up at Yelahanka, en route to the Ben&shy;galuru International Airport. Century Real Estate said the project will be constructed at a total cost of Rs 52 crore and is expe&shy;cted to be completed in 24 mo&shy;nths.]]></description>
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            <title><![CDATA[M3M’s ultra-luxury apartments in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11813</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Sep 2011 06:10:06 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- M3M Polo Suites will be a limited edition project offering 72 units with sizes ranging from 4,000-5,000 sq ft
M3M group, a Gurgaon-ba&shy;sed developer is coming up with M3M Polo Suites, an ultra-luxury housing project, within the 75-acre M3M Golf Estate in Golf Course Road Extention. M3M Polo Suites will be a limited edition project offering 72 units wi&shy;th sizes ranging from 4,000-5,000 sq ft. The base price of the project is ke&shy;pt as Rs 12,600 per sq ft, totalling to Rs 5-7 crore.]]></description>
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            <title><![CDATA[On tenterhooks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11812</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Sep 2011 06:09:07 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Delays in project execution have become a routine with most builders in India, often leaving buyers to wait for as long as 2-3 years. Cash-strapped developers are grappling with a crop of fresh issues such as labour shortage and sudden jump in input costs for steel and cement, apart from constant delays in project approvals by government agencies. Most of them face a gradual drop in availability of working capital as sales have continued to slide over the last 3-4 months.]]></description>
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            <title><![CDATA[Hospitality, tourism may come under infra ambit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11811</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Sep 2011 06:07:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Govt proposal part of steps discussed for boosting the sector. To boost the infrastructure sector, the government plans to bring the hospitality and tourism sectors under the definition of infrastructure. The proposal came up at a high-level meeting called by the prime minister’s office to discuss inter-ministerial issues associated with the infrastructure sector and analysis of the target completion in various areas.]]></description>
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            <title><![CDATA[Bengal Cabinet nod for land acquisition Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11810</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Sep 2011 06:06:51 +0530</pubDate>
			<description><![CDATA[Business Standard- The West Bengal government on Wednesday stuck to its stand of direct purchase of land for industrial projects, while finalising the state’s land policy. The state Cabinet met on Wednesday to pass the policy, but refused to make it public, citing the election code of conduct. By-polls are slated for September 25 and Chief Minister Mamata Banerjee happens to be one of the candidates.]]></description>
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            <title><![CDATA[Mayfair group acquires Oberoi&#039;s Gopalpur hotel]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11809</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Sep 2011 06:06:15 +0530</pubDate>
			<description><![CDATA[Business Standard- Mayfair Group of hotels, the largest premium hotel chain in eastern India, has acquired the Palm Beach property of the Oberoi Group located at Gopalpur in Orissa at a cost of Rs 10 crore. The Oberoi Palm Beach, a heritage hotel, was the third oldest property of Oberoi Group, after those in Shimla and Kolkata. It was acquired by MS Oberoi in 1942 from an Italian entrepreneur and was in operation since 1947 before being closed down in 2005 due to maintenance problems.]]></description>
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            <title><![CDATA[Mamata promises land to all by 2015]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11808</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 15 Sep 2011 06:05:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Mamata Banerjee’s cabinet on Wednesday adopted the draft land policy which aims at making every family in the state a land owner by 2015. For this, the state would either vest or purchase land to transfer it to the landless. This decision is in sharp contrast with the state’s plan of not buying any land for the industry even if it is in PPP with the state.]]></description>
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            <title><![CDATA[SPIRIT OF ENTREPRENEURSHIP KAMAL SAGAR FOUNDER, TOTAL ENVIRONMENT -Customizing Homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11807</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Sep 2011 06:15:36 +0530</pubDate>
			<description><![CDATA[The Times of India- Many build an independent house, rather than buy an apartment, because it allows them to sit down with the architect and decide on the minutest of details, so that it ultimately becomes the home they’ve always dreamed of. Providing for such levels of customization in a large apartment complex is so complicated that no developer thinks of it.]]></description>
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            <title><![CDATA[Green plan: TERI ties up with HUDCO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11806</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Sep 2011 06:14:39 +0530</pubDate>
			<description><![CDATA[The Times of India- Housing and Urban Development Corporation Limited will soon construct only energy efficient buildings that will have a minimum of a three-star rating. The government agency has tied up with TERI to develop designs and build capacity in the sector of energy efficiency. In the near future, three buildings in the NCR, including two in Noida, will be constructed on this principle.]]></description>
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            <title><![CDATA[F1 runs into customs roadblock -Organizers Told To Pay Over 600cr As Duty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11805</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Sep 2011 06:14:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Just 45 days before India’s date with its first Formula 1 race, the government is locked in a tussle with the organizers over customs duties that threatens to derail the mega event. The sticking point is the customs department’s insistence that the organizers of the Formula 1 Airtel Indian Grand Prix pay 100% duty upfront on all equipment coming into the country for the race. While no valuation has ever been done on F1 equipment, it is estimated that the duty on them could come to around Rs 600 crore or more.]]></description>
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            <title><![CDATA[Centre to Push Fresh Surveys for Digitisation of Land Records]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11804</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Sep 2011 06:12:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Frustrated at the tardy progress of digitisation of land records across the country, the centre is set to infuse some urgency into the initiative at the first meeting of the National Council of Land Reforms next month. The council, headed by the prime minister, will discuss the recommendations of a committee on state agrarian relations set up by the rural development ministry in 2009.]]></description>
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            <title><![CDATA[Tighter Provisioning Rules Likely For Housing Fin Cos]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11803</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Sep 2011 06:11:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- The National Housing Bank (NHB) has slapped a set of stringent rules which may put housing finance companies (HFCs) under stress. It has raised the provisioning requirement for doubtful assets up to 100% while it has directed HFCs, for the first time, to set aside 0.4% of the total outstanding “standard” loans as a buffer. The new guidelines are aimed at protecting the health of HFCs when concerns over possible asset quality deterioration increases manifold amid rising interest rates, but industry captains said their profitability will come under severe strain this year.]]></description>
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            <title><![CDATA[Why the land acquisition bill is flawed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11802</link>
			<source>Rediff</source>
			<pubDate>Wed, 14 Sep 2011 06:10:24 +0530</pubDate>
			<description><![CDATA[Rediff- The Land Acquisition Rehabilitation and Resettlement Bill 2011 argues for a perfect land market, unrestrained urbanisation and industrialization, says activist Gopal Krishna. On September 7, Jairam Ramesh  introduced the Land Acquisition Rehabilitation and Resettlement Bill 2011 in the Lok Sabha within six days of the end of the public comment period on the bill that is to replace a 116 year old colonial law. This bill argues for a perfect land market, unrestrained urbanisation and industrialisation.]]></description>
			</item><item>
            <title><![CDATA[Housing board woos private builders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11801</link>
			<source>The Times of India</source>
			<pubDate>Wed, 14 Sep 2011 06:08:44 +0530</pubDate>
			<description><![CDATA[The Times of India- The Bihar State Housing Board (BSHB) is wooing private builders and developers from across the country to join hands with it under the public-private partnership (PPP) mode to construct houses for weaker sections and lower, middle and higher income groups. In lieu of their help, the BSHB will allot plots to them on 66 years&#039; lease for the purpose of commercial gains.]]></description>
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            <title><![CDATA[&#039;Some Mumbai suburbs still look good for property investment&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11800</link>
			<source>Daily Bhaskar</source>
			<pubDate>Wed, 14 Sep 2011 06:07:57 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- Despite the strong probability of correction of residential property prices in many parts of Mumbai, certain suburban locations continue to look very good from an investor’s perspective. Bandra and Kurla have seen over 3 million square feet of office space absorption over the last one year. This has naturally led to increased residential property demand. The immediate future supply of an additional 4 million square feet of Grade A office space is likely to fuel the appetite for residential properties even further.]]></description>
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            <title><![CDATA[Paracor Capital Advisors invests Rs 55 cr in Marvel Landmarks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11799</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Sep 2011 06:06:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Paracor Capital Advisors, the PE arm of Mauritius-based based Madison India Real Estate Fund, has invested Rs 55 crore for an 8% stake in in Marvel Landmarks, a Pune-based realty company. Marvel Landmarks is the FDI-compliant company of local developer, Marvel Realtors and accounts for 30% of the Marvel group&#039;s total assets.]]></description>
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            <title><![CDATA[&#039;Real Estate Investments Serve as Hedge Against Inflation&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11798</link>
			<source>Business Today</source>
			<pubDate>Wed, 14 Sep 2011 06:05:58 +0530</pubDate>
			<description><![CDATA[Business Today- The residential property market is going through different experiences across the country. In the last one year, property prices have appreciated astronomically. On one side, builders are being squeezed due to lower availability of capital, that too at very high rates, and on the other, the demand has nose-dived. It is a situation of low volumes and high prices.]]></description>
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            <title><![CDATA[Religare Finvest ups stake in Parsvnath to 5.27 pc]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11797</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Sep 2011 06:04:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- Religare Finvest Ltd has increased its stake in realty firm Parsvnath Developers to 5.27 per cent from 4.5 per cent earlier. In a filing to the Bombay Stock Exchange, Parsvnath said that Religare Finvest has now reached to 2,29,41,954 shares in the company from earlier 1,96,20,632 shares.]]></description>
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            <title><![CDATA[1981 housing scheme: DDA to distribute plots to home seekers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11796</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Sep 2011 06:03:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- In a ray of hope to 25,000 home seekers who had applied in a DDA housing scheme 30 years ago, the land developing agency has told the Delhi High Court that it would give physical possession of the plots to successful applicants within one and half years. G S Patnaik, Vice Chairman of DDA, filed an affidavit before a bench headed by Chief Justice Dipak Misra saying the lay out plans, regarding 21, 328 plots, at various residential pockets in Rohini have already been approved by a screening committee.]]></description>
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            <title><![CDATA[PE investment in real estate down 20%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11795</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Sep 2011 06:03:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Private equity (PE) investment in India&#039;s real estate sector declined by around 20.2 per cent to USD 831 million (about Rs 3,740 crore) in the first five months this fiscal due to sluggish demand. Factors like the tight availability of funds with PE players and delays in project execution prompted fund houses to adopt a cautious approach toward the real estate sector, according to data compiled by research firm Venture Intelligence.]]></description>
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            <title><![CDATA[Gr Noida land cases: Daily hearings begin]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11794</link>
			<source>The Times of India</source>
			<pubDate>Tue, 13 Sep 2011 06:40:54 +0530</pubDate>
			<description><![CDATA[The Times of India- The day-to-day hearing of land acquisition cases in Noida and Greater Noida began at the Allahabad high court on Monday. A full bench comprising justices Ashok Bhushan, S U Khan and V K Shukla permitted the counsels of all parties to argue the writ petitions filed pertaining to land acquisitions in Patwari village, Noida Extension.]]></description>
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            <title><![CDATA[In Big Relief to SEZ Developers, Objections to Stake Sale Overruled]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11793</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Sep 2011 06:40:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Cash-strapped developers of special economic zones can breathe easy as the department of legal affairs has struck down objections to any sale of stake in their projects. The revenue department had objected to sale of shareholding by promoters of SEZs, saying it would amount to an indirect transfer of land. But the legal affairs department has clarified that it is not so. The Board of Approvals that clears applications for setting up SEZs will examine the legal opinion in its meeting next week.]]></description>
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            <title><![CDATA[UPSWING IN RETAIL SPACE DEMAND -Retailers’ Space Hunt Gives Realty a Boost]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11792</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Sep 2011 06:39:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- India’s biggest retail players are on the hunt for space again, after a hiatus of two years, breathing life into the real estate sector, which is reeling under the impact of falling home sales. Encouraged by an upswing in demand, builders have launched over 6 million sq ft of retail space in the first six months of 2011. This is in contrast to a total of 5 million sq ft that they had launched in the entire year of 2010. Leading retailers that include Reliance, Pantaloon, Aditya Birla (More), Trent (Tata) and Shoppers Stop, are looking for space ranging between 1,000 sq ft and 150,000 sq ft in various formats across the country.]]></description>
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            <title><![CDATA[Builders Offer Freebies to Lure Luxury Home Buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11791</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Sep 2011 06:38:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- If buying a luxury home wasn’t enough comfort, builders are throwing in free laundrette, high-tech car wash and even personalised stationery to please the well-heeled. In Gurgaon, developer M3M has recently launched homes based around the sport of Polo. Here, the developer has tied up with Polo player Adhiraj Singh, who runs Equisport Management, to offer Polo training and horse riding for home owners. Here, each apartment buyer will also be given personalised M3M Polo Suites stationery.]]></description>
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            <title><![CDATA[Forest Land Norms for Projects Relaxed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11790</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Sep 2011 06:37:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a reprieve for industry, Environment Minister Jayanthi Natarajan has relaxed environmental clearance norms for projects requiring forest land. This reverses her predecessor Jairam Ramesh’s decision to tighten guidelines in an effort to reduce the diversion of forests by making it a last resort option.]]></description>
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            <title><![CDATA[Rich-poor divide haunts &#039;affordable housing&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11789</link>
			<source>The Times of India</source>
			<pubDate>Tue, 13 Sep 2011 06:37:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Two years after being initiated, the state government&#039;s &#039;infeasible&#039; affordable housing programme for the poor has come to haunt city developers. With the high price of property keeping lower income groups (LIG) away from the realty market, builders who have constructed &#039;special&#039; units for LIGs and Economically Weaker Sections (EWS) within their projects, are now struggling hard to find buyers for these apartments. They rue, that the government too has washed its hands off the matter leaving them to count their losses.]]></description>
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            <title><![CDATA[A Bill that facilitates displacement?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11788</link>
			<source>The Hindu</source>
			<pubDate>Tue, 13 Sep 2011 06:36:22 +0530</pubDate>
			<description><![CDATA[The Hindu- The foreword — to the Draft National Land Acquisition and Rehabilitation and Resettlement Bill 2011 — that says “urbanisation is inevitable” (I.p.1) signifies danger. The Bill, if enacted in its present form, is likely to worsen, and not stop, displacement of tribal, Dalit and other backward communities. The Bill states: “The issue of who acquires land is less important than the process of land acquisition, compensation for land acquired and R&amp;R process, package and conditions … The objective is to make the process of land acquisition easy, transparent, and fair for both sides in each instance …”(p.1, emphasis added). But who acquires land is intrinsically connected to why it is acquired in the first place.]]></description>
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            <title><![CDATA[Does the Prime Minister Have the Cheapest House in South Delhi?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11787</link>
			<source>Wall Street Journal</source>
			<pubDate>Tue, 13 Sep 2011 06:35:40 +0530</pubDate>
			<description><![CDATA[Wall Street Journal- If you believe our prime minister, the value of homes in Delhi has not gone up in at least a year and Vasant Kunj real-estate prices are a bargain-basement deal. Those are two findings that can be drawn from Manmohan Singh’s statement of assets and liabilities published earlier this month. This list, along with the list of assets of other cabinet ministers, was updated from last year at Mr. Singh’s insistence as part of his drive to make the government more transparent.]]></description>
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            <title><![CDATA[Confident Noida crisis will end, investors make quiet inquiries]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11786</link>
			<source>Indian Express</source>
			<pubDate>Tue, 13 Sep 2011 06:33:52 +0530</pubDate>
			<description><![CDATA[Indian Express- Noida While most prospective buyers of homes in Greater Noida and Noida Extension areas have stayed away, waiting for the land acquisition fight between farmers and the UP government to be sorted out, there are some buyers who still want to book flats in buildings coming up on the disputed land.]]></description>
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            <title><![CDATA[Rain check to stay high and dry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11785</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Tue, 13 Sep 2011 06:33:01 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- If you are planning to buy a plot or an apartment in the state capital, especially on the outskirts, make a detailed survey of the area during monsoon before taking a call. This is the lesson learnt from the flood that has affected more than 1,000 people living in a multi-storeyed complex near Sunderpada. Apparently, most of the people, who bought property there, did not have much idea about the state of drains and stormwater clearance system in the area.]]></description>
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            <title><![CDATA[DLF looks to sell NTC Mill land in central Mumbai for Rs 4,000 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11784</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 13 Sep 2011 06:31:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF, India&#039;s largest real estate developer, has decided to sell its prized asset, the 17.5 acres NTC Mill land in central Mumbai, which bankers estimate would fetch between Rs 3,000 crore and Rs 4,000 crore that will make it one of the biggest land deals in the country. The company that bought the land for Rs 702.2 crore in 2005, has started the process of appointing investment bankers for the proposed transaction that is likely to complete in the current fiscal, said two persons familiar with the development.]]></description>
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            <title><![CDATA[Sahara filed prospectus in the guise of RHP: Sebi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11783</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Sep 2011 06:30:20 +0530</pubDate>
			<description><![CDATA[Business Standard- The Securities and Exchange Board of India on Monday argued that the two Sahara group firms actually filed a prospectus to raise money through optionally fully-convertible debentures (OFCDs), though they called it a red-herring prospectus (RHP).]]></description>
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            <title><![CDATA[Guwahati emerges as the new destination for real estate players]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11782</link>
			<source>The Times of India</source>
			<pubDate>Tue, 13 Sep 2011 06:29:22 +0530</pubDate>
			<description><![CDATA[The Times of India- Visitors, especially from the neighbouring northeastern states, were seen looking for their dream home on the final day of the Property and Lifestyle Fair, 2011 on Monday. Reputed builders and real estate moguls from across the country discovered Guwahati as a new destination after thousands of people thronged the Maniram Dewan Trade Centre to know more about the latest innovations of architects and decorators.]]></description>
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            <title><![CDATA[CCI to hear case against Kolkata project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11781</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Sep 2011 06:28:19 +0530</pubDate>
			<description><![CDATA[Business Standard- Call it the DLF effect. Weeks after anti-competitive practices watchdog Competition Commission of India (CCI) slapped a Rs 600-crore penalty on real estate developer DLF, it will consider a similar complaint against Kolkata West International City (KWIC) Pvt Ltd, the mega township project of Indonesian conglomerate Salim Group in West Bengal.]]></description>
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            <title><![CDATA[Govt to consider DLF&#039;s plan to sell Pune SEZ, next week]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11780</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Sep 2011 06:27:24 +0530</pubDate>
			<description><![CDATA[The Financial Express- India&#039;s largest real estate firm DLF&#039;s proposal to sell its stake in IT/ITeS Special Economic Zone (SEZ) in Pune to foreign investors will come up for consideration of the high-level government panel on September 19. The proposal of DLF Ackruti Info Parks (Pune) Ltd for sale of shares to foreign investor will be &quot;placed before the Board of Approval, headed by Commerce Secretary,&quot; an official said.]]></description>
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            <title><![CDATA[No charges on foreclosure of home loans to be a reality]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11779</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Sep 2011 06:26:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- In an indication, which suggested that RBI is mulling scrapping the prepayment charge altogether, whether from own sources or through re-financing. RBI, at the recent Annual Conference on Banking Ombudsmen suggested that banks need not impose any charges for pre-paying loans taken under floating rates by customers.]]></description>
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            <title><![CDATA[Can&#039;t deprive anyone of sunshine, breeze: Court]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11778</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Sep 2011 06:24:52 +0530</pubDate>
			<description><![CDATA[The Financial Express- Upholding the primacy of one&#039;s right to access natural light and fresh air, a Delhi court has ordered a woman to demolish a newly raised wall, blocking a sole window in her neighbour&#039;s house. The court&#039;s order came on a suit by Central Delhi resident Bhore Ram seeking demolition of a wall, raised by his immediate neighbour Kalawati, blocking the only window on the ground floor of his house.]]></description>
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            <title><![CDATA[With high rates at home, India Inc goes abroad to borrow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11777</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:31:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Interest rate rises have been a cause of concern for the past 18 months. Prompted by the Reserve Bank of India&#039;s increase in the key rate, the repo, banks have raised interest rates by 325-350 basis points (bps). However, if one sees the profit and loss and balance sheet statements of Indian companies, they have not been under that much pressure due to the interest rise.]]></description>
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            <title><![CDATA[Greece slaps new tax on property to cut deficit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11776</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:30:01 +0530</pubDate>
			<description><![CDATA[Business Standard- Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mounted in Europe over its euro zone membership. EU and IMF inspectors are due in Athens this week to hear how the government plans to overcome delays and missed fiscal targets before approving an euro 8-billion tranche from its euro 110-billion bailout, key to Greece’s survival. Finance Minister Evangelos Venizelos said the cabinet agreed the measure to raise about euro 2 billion missing from the government’s coffers and to meet the 2011 budget deficit target, estimated at around 8.1 per cent.]]></description>
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            <title><![CDATA[High rates, input costs hurt sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11775</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:29:17 +0530</pubDate>
			<description><![CDATA[Business Standard- Of the 86 sectors surveyed by CII-ASCON, only 10.5% expected to see a rise in production by over 20% in H1.
A day ahead of the release of industrial growth figures for July, a CII-ASCON survey today painted a moderating growth story for the manufacturing sector, blaming it on the Reserve Bank of India’s (RBI’s) continuous raising of policy rates and a rise in input prices.]]></description>
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            <title><![CDATA[CCI to hear case against DLF&#039;s Kolkata project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11774</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:26:12 +0530</pubDate>
			<description><![CDATA[Business Standard- Call it the DLF effect. Weeks after anti-competitive practices watchdog Competition Commission of India (CCI) slapped a Rs 600-crore penalty on real estate developer DLF, it will consider a similar complaint against Kolkata West International City (KWIC) Pvt Ltd, the mega township project of Indonesian conglomerate Salim Group in West Bengal.]]></description>
			</item><item>
            <title><![CDATA[With high rates at home, India Inc goes abroad to borrow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11773</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:25:24 +0530</pubDate>
			<description><![CDATA[Business Standard- Interest rate rises have been a cause of concern for the past 18 months. Prompted by the Reserve Bank of India&#039;s increase in the key rate, the repo, banks have raised interest rates by 325-350 basis points (bps).
However, if one sees the profit and loss and balance sheet statements of Indian companies, they have not been under that much pressure due to the interest rise.]]></description>
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            <title><![CDATA[Home sales take a big knock, set to worsen]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11772</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Sep 2011 06:11:28 +0530</pubDate>
			<description><![CDATA[Business Standard- Developers blame credit rates, bankers say prices too high. The Reserve Bank of India has increased interest rates 11 times since March 2010 to curb high inflation, prompting home loan finance companies and banks to increase rates by 250-300 basis points (100 bps equals one per cent). Property registration data also show a decline. In recent months, Mumbai has seen a 30 per cent dip in the number, compared to the same month last year.]]></description>
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            <title><![CDATA[Power of attorney used for transactions of property and investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11771</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:10:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- A power of attorney (PoA) is a legal document, which gives a person (attorney holder or agent) the power to act on behalf of another person (principal) and undertake activities set out in the document. It is used for transactions related to property, investments and legal proceedings and is widely used by NRIs for financial transactions in India. It is also used if the principal is ill or disabled or if he can&#039;t be present to sign legal documents.]]></description>
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            <title><![CDATA[Why you must avoid betting on construction companies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11770</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:09:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- This stock has fallen 46% in a year. It&#039;s a great time to buy it close to its 52-week low.&quot; How many times have you heard this on Dalal Street? Or better still, &quot;XYZ company is trading near its all-time high and has risen 58% over the past 12 months, so it&#039;s best avoided. My intuition does not allow me to buy this stock.&quot; This kind of intuition can lead you into a value trap. The fact is that stock prices don&#039;t rise or fall solely on the basis of their trailing 52-week performance. Stock markets are a complex union of fundamentals, valuation and market dynamics, not just recent performance.]]></description>
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            <title><![CDATA[What you should know before renting your house]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11769</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:09:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Buying property for rental income may seem out of place at a time when real estate prices are at high levels. Yet, there are many buyers like Makhija whose sole intention is to put up the property on rent. In fact, according to an online survey conducted by ET Wealth, the age of such investors is coming down, with almost 90% of the respondents being less than 45 years of age. For them, there are still some islands of high rental yields across India ( see Lucrative cities ). Rental yield is the annual rent earned by a property as a percentage of its price. For instance, the rental yield of Vasundhara Enclave is 2.73%. This means Makhija, who has rented out five other properties in and around Delhi, can expect an annual return of 2.73% on his investment from the rent alone.]]></description>
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            <title><![CDATA[Zandu Realty enter into agreement with realty developer Sheth Corporation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11768</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:08:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Zandu Realty has entered into an agreement with Mumbai-based realty developer Sheth Corporation to construct, build and develop residential housing complex on its land parcel at Dadar in central Mumbai, the former said in a notice to Bombay Stock Exchange.]]></description>
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            <title><![CDATA[RBI says no hedging support to infrastructure development funds from forex reserves]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11767</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:07:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank has indicated to the government that it will not provide any hedging support to the infrastructure development funds (IDFs) from the country&#039;s foreign exchange reserves. India&#039;s forex reserves stood at USD 285 billion as on September 2, 2011.]]></description>
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            <title><![CDATA[Starwood Hotels and Resorts Worldwide plans more Aloft hotels in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11766</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:06:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- Global hospitality major Starwood Hotels and Resorts Worldwide plans to add more hotels under its brand Aloft in India, a company official said Sunday. The Aloft brand made its debut in India last year in Chennai and the second one was in Bangalore.]]></description>
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            <title><![CDATA[Ashiana Housing ties up with Hyatt to build 4-star hotel in Jamshedpur]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11765</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Sep 2011 06:05:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty firm Ashiana Housing today said it will invest about Rs 50 crore in developing a hotel-cum-shopping mall project in Jamshedpur and announced tie-up with global hospitality chain Hyatt for management. The company already has one hotel in Bhiwadi, Haryana comprising 103 rooms. Besides hotel, the project would have 80,000 sq ft of shopping complex.]]></description>
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            <title><![CDATA[REALTY PRICES HEAD NORTH]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11764</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Sep 2011 07:49:24 +0530</pubDate>
			<description><![CDATA[The Times of India- As property gets costlier, the district administration is going to raise the circle rates of land in Noida and Greater Noida, says A K TIWARY. If you are planning to buying land in Noida Extension (one of the prime locations for affordable range of houses) and Greater Noida, be ready to pay more now. Reason - Greater Noida Industrial Development Authority (GNIDA) has once again raised the prices of properties by 16% to 40%, as a result of the hike in land compensation to farmers reached to settle the land acquisition row.]]></description>
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            <title><![CDATA[‘IMPRACTICAL, ANTI-DEVELOPMENT ’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11763</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Sep 2011 07:48:26 +0530</pubDate>
			<description><![CDATA[The Times of India- The government needs to give a serious thought and listen to all stakeholders before giving the land acquisition bill a final go, as the bill is widely perceived to be impractical and an impediment in the overall growth of the economy. PRABHAKAR SINHA writes. The proposed bill on land acquisition is not only anti-development but impractical as well, developers and builders say. If the bill is passed and implemented, there cannot be any planned development of townships in the country, said the chairman and managing director of Amrapali Group, Anil Sharma, who is also vice-president of The Confederation of Real Estate Developers’ Associations of India (CREDAI).]]></description>
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            <title><![CDATA[Credai to hold meet to discuss metropolitan plan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11762</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 10 Sep 2011 07:47:28 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers Association of India (CREDAI) in association with the Institute of Town Planners, India (ITPI) is organising an interactive meet on Draft Metropolitan Development Plan for Hyderabad Metropolitan Development Area (HMDA extended area) here on Saturday.]]></description>
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            <title><![CDATA[New land bill good for DLF, bad for Oberoi Realty: Nomura]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11761</link>
			<source>Moneycontrol</source>
			<pubDate>Sat, 10 Sep 2011 07:46:22 +0530</pubDate>
			<description><![CDATA[Moneycontrol- Many reports are mapping the impact of the newly proposed land acquisition bill on real estate companies. Aatash Shah, real estate analyst at Nomura has authored such a repot. Speaking to CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, Shah said, low cost housing is likely to be affected adversely due to this bill. &quot;Companies like DLF , Unitech , HDIL , who are planning to sell land, are likely to benefit in terms of their land values. However, Oberoi Realty could have a negative impact because the company is looking to buy land,” added Shah.]]></description>
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            <title><![CDATA[FDI inflows: India&#039;s top 10 sectors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11760</link>
			<source>Rediff</source>
			<pubDate>Sat, 10 Sep 2011 07:45:21 +0530</pubDate>
			<description><![CDATA[Rediff- With strong governmental support, foreign direct investment has helped the Indian economy grow tremendously. India has continually sought to attract FDI from the world&#039;s major investors. In 1998 and 1999, the Indian government announced a number of reforms designed to encourage and promote a favourable business environment for investors.]]></description>
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            <title><![CDATA[Price points in real estate matter even during auspicious festive season]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11759</link>
			<source>MUMBAI MIRROR</source>
			<pubDate>Sat, 10 Sep 2011 07:44:21 +0530</pubDate>
			<description><![CDATA[MUMBAI MIRROR- The festive season kicks in with Ganeshotsav following Janmasthami, with Dassera-Diwali and Christmas still to follow. Will this festive season bring in good cheer for residential real estate? Festive sentiment translating into sales is something that is normally expected but in light of the sentiment witnessed in residential real estate across the past few months, wherein the buyer is resistant to purchasing at these price levels, it remains an open-ended question.]]></description>
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            <title><![CDATA[New land acquisition bill likely to increase land cost by 25-350%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11758</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Sep 2011 07:43:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- The new land acquisition bill, which was tabled in the Parliament earlier this week, will make it more expensive for developers to acquire land in the country. According to a report by Nomura, &quot;Under the proposed set of rehabilitation and resettlement guidelines, the developers&#039; cost of acquiring land greater than 100 acres is likely to increase by 25-350% depending on current costs.&quot;]]></description>
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            <title><![CDATA[East vs West of Ahmedabad: In realty, it’s 35% growth against 14% decline!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11757</link>
			<source>Daily News & Analysis</source>
			<pubDate>Sat, 10 Sep 2011 07:42:29 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Probably for the first time, realty growth in the eastern part of Ahmedabad has overtaken growth in the western part. The National Housing Bank (NHB) residex indicates that property prices in Ahmedabad have shown marginal increase of 2.45% in April-June quarter. The residex reached 169 in the first quarter of 2011-12 from 165 in the last quarter of 2010-2011. However, in the western part prices have dipped by 14%, while in east they have gone up nearly in the range of 35%. Market experts believe the affordability factor has boosted the market in the east, while investors are to be blamed for the decline in the west.]]></description>
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            <title><![CDATA[Unregulated rise in cost of construction material slows realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11756</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Sep 2011 07:41:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sharp rise in prices and interest rates have affected the real estate sector adversely. According to a survey, the slowdown in the realty sector is likely to bring down its contribution to the GDP to below 8% in 2011-12 as against 8.1% in the last fiscal year. According to a survey conducted by industry body Assocham among the industry players, the slowdown in the sector is mainly due to an unregulated price hike in key construction material, together with rampant shortage of workforce at all levels.]]></description>
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            <title><![CDATA[Indian F1 track owner to break even in 4 years]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11755</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Sep 2011 07:40:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Jaypee Sports International (JPSI) - the promoter of the Indian Grand Prix racetrack - has worked out a &quot;unique business model&quot; which should allow it to break even in three to four years. Although the F1 circuit is not known for quick break even given the high costs involved, JPSI, which has built the $400 million Buddh International Circuit, has integrated its F1 plans within a larger sports city complex and married it with residential and commercial real estate development to hasten the break even. Nowhere else in the world does an F1 track stand next to a cricket stadium which is how Jaypee Sports International (JPSI) will ensure returns on investment.]]></description>
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            <title><![CDATA[Godrej Properties ties up with GIIS for setting up an education facility]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11754</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Sep 2011 07:39:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties, the realty development arm of the Godrej Group, has tied-up with Global Indian International School (GIIS) for setting up an education facility at its Ahmedabad 330-acre township project Godrej Garden City, the company said in a release. 
Godrej Properties will construct an independent building comprising of a total built up area of around 100,000 sq ft to house this education facility. Apart from the school building, it will also develop playground, landscaping and other facilities including parking for school buses.]]></description>
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            <title><![CDATA[DLF sells 28-acre plot to developer M3M India in Gurgaon for Rs 440 crore to cut debt]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11753</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Sep 2011 07:39:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF has sold a 28-acre plot in Gurgaon to developer M3M India for 440 crore, in the first among many such big-ticket sales it has lined up this fiscal to bring down mounting debt. At least two persons involved in the deal said the plot in Gurgaon has all approvals and permission for a group housing project.]]></description>
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            <title><![CDATA[LIC Housing Finance launches teaser loan scheme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11752</link>
			<source>Press Trust of India</source>
			<pubDate>Sat, 10 Sep 2011 07:37:49 +0530</pubDate>
			<description><![CDATA[Press Trust of India- Mortgage company LIC Housing Finance today joined the teaser home loan bandwagon by introducing &#039;New Advantage 5&#039;, under which the interest rate would remain fixed for the first five years. New Advantage 5 is offered at fixed interest rates for the first five years and thereafter at floating rates, LIC Housing Finance said in a statement.]]></description>
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            <title><![CDATA[Prepaying to cost Less]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11751</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Sep 2011 07:36:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Home loan borrowers soon may not have to pay any penalty for prepayment of loans linked to floating rate of interest. Banks currently charge anywhere between 1% and 3% of the principal if customers want to pay back the loan amount before the tenure ends. However, for fixed-rate loans, banks will continue to charge the prepayment penalty. The removal of the prepayment penalty will make it easier for customers to shift loans to other banks if they get a better interest rate and, most importantly, increase competition among banks.]]></description>
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            <title><![CDATA[The second draft of land history]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11750</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Sep 2011 07:31:21 +0530</pubDate>
			<description><![CDATA[The Financial Express- The national Land Acquisition and Rehabilitation and Resettlement bill (LARR), 2011, which was introduced in the Lok Sabha on Wednesday, has been now referred to a Parliamentary standing committee chaired by BJP MP Sumitra Mahajan. Rural Development minister Jairam Ramesh said that if the parliamentary committee gives its report prior to the winter session, it could be passed in both Houses.]]></description>
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            <title><![CDATA[GHAZIABAD: HIGHWAYS BOOSTER TO REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11748</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Sep 2011 06:22:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Ghaziabad real estate is thriving along the two national highways, NH-24 and NH-58, says ET Realty. Places on NH-24 and NH-58 are flourishing as residential options to the capital because of their proximity to Delhi, excellent connectivity and infrastructure developments. The Delhi Metro rail project has added a boost to connectivity, whereas the Anand Vihar rail junction has already enhanced rail mobility. Commercial and retail developments are coming up in a big way in regions like Indirapuram, Vaishali, Kaushambi and Vasundhara.]]></description>
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            <title><![CDATA[HOW LONG WILL YOUR FLAT LAST?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11747</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Sep 2011 06:21:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- It is tough to buy independent houses in the capital. However, moving into flats is equally fraught as they do not last for more than 30-40 years. Apartment or independent house? It is an endless debate.There are valid arguments to buttress the claims on both sides. While the jury is still out, there is a growing demand from certain sections of the housing sector, which argue that builders must ensure that the apartments they build should be able to face the vagaries of time for at least seven-eight decades. It is no secret that economic factors and a fast lifestyle have dealt a death knell for the culture of independent houses in India. As the cost of an independent house is staggering, not many buyers consider the option of going for one now.Land prices have rocketed and made the purchase of a site and construction of a house almost impossible.]]></description>
			</item><item>
            <title><![CDATA[Realty sector is slipping]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11746</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Sep 2011 06:20:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- A study says that the unregulated rise in cost of construction material coupled with a steep shortage in workforce has slowed the realty sector. ET Realty reports. Sharp rise in prices and interest rates have affected the real estate sector adversely. According to a survey, the slowdown in the realty sector is likely to bring down its contribution to the GDP to below 8% in 2011-12 as against 8.1% in the last fiscal year.]]></description>
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            <title><![CDATA[In Realty, There ain’t no Such Thing as Freebies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11745</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Sep 2011 06:19:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Don’t get carried away by freebies while buying a house in under-construction project, say experts. Free parking space. Free club membership. Free alterations. These are some of the freebies real estate developers are showering on prospective property buyers these days. Badly hit by the economic slowdown and higher funding costs, most developers are making a last ditch effort to keep the real estate prices stable by offering freebies to reluctant buyers, who are equally spooked by the high interest rates and scorching real estate prices. Predictably, some buyers are falling for the freebies. However, real estate experts warn that buyers should exercise extreme caution while opting for these under-construction properties as there are chances that some of these projects may miss the deadline for completion.]]></description>
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            <title><![CDATA[DLF may contest Rs 630 cr fine by CCI next week]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11744</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 09 Sep 2011 06:18:28 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Real estate company likely to refute classification as dominant player in relevant market. REALTY giant DLF may approach the Competition Appellate Tribunal (Compat) next week to challenge an order by competition watchdog CCI to pay a Rs 630 crore penalty for abuse of dominant market position.]]></description>
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            <title><![CDATA[NHAI for realty development to attract expressway bids]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11743</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Sep 2011 06:15:18 +0530</pubDate>
			<description><![CDATA[Business Standard- The National Highways Authority of India (NHAI) is planning to follow the Uttar Pradesh model for developing expressways. A senior NHAI official said they were discussing the model, of offering longer concession periods and land pockets for real estate development along an expressway.]]></description>
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            <title><![CDATA[Property developers script plotted strategy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11742</link>
			<source>The Times of India</source>
			<pubDate>Fri, 09 Sep 2011 06:14:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Many are wary of buying land to build their own houses, because titles to land in India are never very clear, and run the risk of litigation and harassment. But when big branded developers offer such land - and this is increasingly happening -- it may be a good buy. You could be reasonably assured about titles and the quality of infrastructure. In the current high-interest rate scenario and increased margin money that borrowers have to put in, plots may also be a good investment option. The capital appreciation could be significant, especially for plots in the periphery of the city.]]></description>
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            <title><![CDATA[&#039;Land Acquisition Bill to up housing cost&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11741</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Sep 2011 06:13:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Land acquired by private companies should not be be covered under the Land Acquisition Bill as this would lead to a sharp rise in land cost and affordable housing would become impossible, realtors&#039; body CREDAI said. According to the bill, introduced in the Lok Sabha today, rehabilitation and resettlement provisions will apply only when private firms buy land for a project - more than 100 acres in rural areas or more than 50 acres in urban areas.]]></description>
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            <title><![CDATA[Draft Land Bill Diluted to Make It Industry-Friendly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11740</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Sep 2011 06:25:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bill tabled in Parliament makes land acquisition a less costly affair, relaxes R&amp;R provisions. The government has defended its new land acquisition bill as industry-friendly, refuting criticism that provisions contained in the legislation were retrograde and would push up costs for state-run and private companies. Industry groups had slammed the new Land Acquisition, Rehabilitation and Resettlement Bill (LARR) 2011, cleared by the cabinet earlier this week and tabled in parliament on Wednesday, saying it was “burdensome” and “anti-development”. But Rural Development Minister Jairam Ramesh, whose ministry drafted the bill, said: “There were concerns by industry associations and some of my colleagues and these have been reflected in the bill. Some of the provisions in the earlier draft were felt to make land acquisition very costly. It is a difficult law, aims at a difficult balance but I feel now we have struck the right balance.”]]></description>
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            <title><![CDATA[Mind-boggled by R&amp;R clause; Bill to increase slums: Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11739</link>
			<source>Moneycontrol</source>
			<pubDate>Thu, 08 Sep 2011 06:24:14 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The new Land Acquisition Bill was tabled in the Parliament today. However, not all are happy about the new Bill. After going through the initial Bill, president of Credai NCR, Pankaj Bajaj says that his first reaction was skepticism. “We thought the first draft was disastrous in many ways. We are happy that there is going to be more transparency in land acquisition. But, it will increase the cost of land by 80%” he said in an exclusive interview to CNBC-TV18.]]></description>
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            <title><![CDATA[Land Acquisition Bill to increase land, housing prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11738</link>
			<source>Press Trust of India</source>
			<pubDate>Thu, 08 Sep 2011 06:23:18 +0530</pubDate>
			<description><![CDATA[Press Trust of India- Land acquired by private companies should not be covered under the land Acquisition Bill as this would lead to a sharp rise in land cost and affordable housing would become impossible, realtors&#039; body CREDAI said today. According to the bill, introduced in the Lok Sabha today, rehabilitation and resettlement provisions will apply only when private firms buy land for a project - more than 100 acres in rural areas or more than 50 acres in urban areas.]]></description>
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            <title><![CDATA[Wadia group sells spring unit for Rs 181 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11737</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Sep 2011 06:22:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Textile-to-real estate conglomerate Wadia Group has sold its spring division BCL Springs to Japanese technology partner NHK Spring for 180.50 crore. The move is in line with the group&#039;s policy to move out of non-core business areas and focus on core activities.]]></description>
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            <title><![CDATA[Manjeera group’s integrated complex in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11736</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Sep 2011 06:16:32 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Manjeera group, with interest in real estate, hotels and commercial sp&shy;ace, is coming up with Ma&shy;njeera Trinity which offers office, retail space and signature apartments. The integrated complex, wh&shy;ich will also have a five-screen multiplex, will take about seven months to one year for completion, according to G Yoganand, CMD, Manjeera group.The project is on the JNTU-Hitec City road, in close proximity to the IT hub.]]></description>
			</item><item>
            <title><![CDATA[Real estate prices likely to go up]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11735</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Sep 2011 06:15:37 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- PROPERTY prices are likely to escalate due to the Land Acquisition, Rehabilitation and Resettlement Bill introduced in the Parliament on Wednesday. Lalit Kumar Jain, chirman of CREDAI said, “Due to the recent land acquisition bill property prices will further escalate as acquisition of land will become costlier. For private land acquisition it is based on negotiation and introduction of rehabilitation clause wa not needed as it will creat more hassle. Also the lan stock will be reduced.“]]></description>
			</item><item>
            <title><![CDATA[Bill clears multi-crop land for core projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11734</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Sep 2011 06:14:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Rural development minister Jairam Ramesh on Wednesday tabled the Land Acquisition and Rehabilitation and Resettlement Bill that will bury the British enacted 1894 law on the subject. As reported on Tuesday, the bill seeks to pay farmers four times the market value of land they lose in rural areas. In urban areas the compensation is twice the market value. The compensation for rural land has been reduced from the level proposed in the first draft, which had suggested six times the value of land taken over.]]></description>
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            <title><![CDATA[Land acquisition bill: Guj was first, but issues and reactions similar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11733</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Sep 2011 06:13:06 +0530</pubDate>
			<description><![CDATA[Business Standard- We’r far ahead of you, is the Gujarat government’s reaction to the central government’s proposed Bill on land acquisition and the associated relief and rehabilitation of those displaced. “We had anyway been asking industry to buy 100 per cent land on their own. The state government believes the new Bill would help farmers and guard their interests in a better way that hitherto.]]></description>
			</item><item>
            <title><![CDATA[Land acquisition Bill suggests better redressal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11732</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Sep 2011 06:11:44 +0530</pubDate>
			<description><![CDATA[Business Standard- The process of land acquisition becoming more sensitive to the grievances of the owner earned a better prospect on Wednesday as a Bill was tabled in Parliament on Wednesday, setting a base level for compensation to even its dependents. The Land Acquisition Rehabilitation and Resettlement Bill, now pending passage in the Lok Sabha, suggests that industry is free to acquire land in cases where the matter pertains to below 50 acres in urban areas and 100 acres in rural areas, but that it would require mutual negotiation with the farmers/landowners to arrive at a price. In cases above 50 and 100 acres, industry will be subject to rigorous compensation levels. States are free to offer more compensation; but they cannot go below the level proposed under the Bill.]]></description>
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            <title><![CDATA[Unused land to be returned]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11731</link>
			<source>Deccan Herald</source>
			<pubDate>Thu, 08 Sep 2011 06:10:22 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The state government on Wednesday approved the draft land policy which proposes to return land acquired for development projects to owners if it is not utilised for the specific project within three years. This was announced by the revenue minister, Mr Thiruvanchoor Radhakrishnan, while unveiling the new land acquisition policy.]]></description>
			</item><item>
            <title><![CDATA[Land acquisition bill is a political bill: Jairam Ramesh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11730</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Sep 2011 06:09:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rural Development Minister Jairam Ramesh on Wednesday said the draft land acquisition bill is a &quot;political bill which strikes a balance between social benefit and economic growth&quot; and gave the &quot;entire credit&quot; for it to Congress general secretary Rahul Gandhi.]]></description>
			</item><item>
            <title><![CDATA[Cost of land acquisition to rise after Bill: Jairam]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11729</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 08 Sep 2011 06:08:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Rural development minister Jairam Ramesh on Wednesday said the cost of acquiring land for the industry would rise once the new land acquisition Bill was enacted, but the benefits that the law would bring to the people affected by industrial projects would outweigh its costs.]]></description>
			</item><item>
            <title><![CDATA[CII concerned at ‘high&#039; appreciation value in Land Acquisition Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11728</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 08 Sep 2011 06:07:12 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Indian Industry (CII) has expressed concern over the appreciation value set in the Land Acquisition Bill and said that the proposed value would make land cost economically unviable for industries. The National Land Acquisition and Rehabilitation and Resettlement Bill was approved by the Union Cabinet on Monday (September 5) and will be introduced in Parliament during the current monsoon session. The proposed law seeks to replace the 117-year-old Land Acquisition Bill, 1894.]]></description>
			</item><item>
            <title><![CDATA[Farmers ride new law on acquisition, seek more]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11727</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Sep 2011 06:36:17 +0530</pubDate>
			<description><![CDATA[The Times of India- Farmers are trying to cash in on every move of the government to get enhanced compensation for their land acquired by the Greater Noida Authority. On Tuesday, a day after theunion cabinet cleared the new Land Acquisition Bill, farmers in Noida Extension held a panchayat at Bisrakh demanding enhanced compensation as per the new Bill.The Bill recommends compensation for rural land acquired to be twice the prevailing market rates. The farmers also called for holding a mahapanchayat later this week of all villages in Noida Extension-Greater Noida area, barring Patwari, to draw up a “unanimous letter” demanding compensation as per the new Bill.]]></description>
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            <title><![CDATA[Builders Share Resources, Work Together to Fight Realty Gloom]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11726</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Sep 2011 06:35:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Many developers pool in land, marketing skills and capital for joint projects to fight loss in sale and piled-up inventory. The problems of falling sales and rising inventory have forced builders across the country to work with each other — sharing land, labour, investment, as well as other resources, to bring down costs and manage inventory. While a few have decided to build joint projects using one builder’s land and another builder’s development and marketing skills, others are sharing capital.]]></description>
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            <title><![CDATA[Now, Pre-Pay Your Home and Car Loans Without Penalty -Floating rate borrowers won’t have to pay 3% charges]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11725</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Sep 2011 06:34:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Pre-payment penalty on floating rate loans, be it for a home or a car, is set to come to an end, bringing relief to lakhs of customers who are forced by banks to pay as high as 3% of the outstanding loan amount when they seek to end indebtedness. The levy of pre-payment penalty by banks has been criticised by consumer groups and the regulator, since it deprives an individual the choice to end the debt burden. Banks have been using it to prevent customers from shifting loyalty and manage their asset-liability gaps.]]></description>
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            <title><![CDATA[South City Projects to enter Sri Lanka realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11724</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 07 Sep 2011 06:33:23 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- South City Projects (Kolkata) Ltd — a consortium of six Kolkata-based real estate companies — will enter the real estate sector in Sri Lanka. The company, through its Sri Lankan subsidiary Indocean Developers Pvt Ltd, will invest nearly $100 million (approximately Rs 450 crore) to set up a residential-cum-commercial project in Colombo.
The mixed-use project will be funded through a combination of debt and equity.]]></description>
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            <title><![CDATA[Industry bodies balk at higher rehabilitation and resettlement in new law]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11723</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Sep 2011 06:32:35 +0530</pubDate>
			<description><![CDATA[Business Standard- Even as the Union Cabinet cleared the new Land Acquisition Bill in a diluted form, industry associations on Tuesday complained it would both cut their business and economic growth, while leading to litigation. And, warned it would mean expensive housing for the middle class. Their complaints are focused on the rehabilitation and resettlement (R&amp;R) provisions. The Bill calls for compensation costs to land owners and shares in any further transactions in the land. Also, it mandates the developers to offer other benefits to the original owners. However, it has cut compensation to land owners to four times the prevailing market rate from six times proposed in the draft bill.]]></description>
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            <title><![CDATA[We only want to be part of best developments in India: Trump Organisation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11722</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Sep 2011 06:31:43 +0530</pubDate>
			<description><![CDATA[Business Standard- Known for creating landmark properties globally, Trump Organisation is now looking to tap the Indian hospitality market which is witnessing a tremendous demand for ultra-luxury real estate. In an interview with DNA, Trump Organisation’s executive vice president Donald Trump Jr and executive vice president - development and acquisitions Ivanka Trump elaborate on their plans while Trump International Development’s independent development consultant-India, Pranav R Bhakta, gives an overview of the company’s groundwork so far. Edited excerpts:]]></description>
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            <title><![CDATA[Investor plea to join Sebi-Sahara dispute rejected]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11721</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Sep 2011 06:30:34 +0530</pubDate>
			<description><![CDATA[Business Standard- The Securities Appellate Tribunal (SAT) on Tuesday rejected an application by an investor of Sahara Housing Investment Corp to become a party in the ongoing dispute between the Sahara group companies and the market regulator, the Securities and Exchange Board of India (Sebi). The application came up during the hearing on appeals of Sahara Housing Invest and Sahara India Real Estate corp, against a Sebi order directing them to refund money collected by issuing optionally fully convertible debentures (OFCD).]]></description>
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            <title><![CDATA[A reality check on home buying agreements -Dice always loaded against customer in the usual builder-buyer relationship]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11720</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Sep 2011 06:29:39 +0530</pubDate>
			<description><![CDATA[Business Standard- The penalty of Rs 630 crore on the country&#039;s largest property developer, DLF, by the Competition Commission of India (CCI) has brought focus on the builder-buyer relationship. The buy/sale agreement between the two parties is back in focus. CCI&#039;s observations against DLF are symptomatic of a wider malaise. “Smaller developers draft their buyer agreements based on what bigger industry players offer their customers,” says Sanjay Sharma, managing director of Delhi-based Qubrex, a real estate consultancy. CCI&#039;s order was based in part on the report presented by Qubrex on DLF&#039;s market share and its influence on the Gurgaon real estate market.
A little research would reveal the dice is heavily loaded in favour of builders and buyers are generally hapless.]]></description>
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            <title><![CDATA[DLF to challenge CCI order in Competition Appellate Tribunal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11719</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Sep 2011 06:28:37 +0530</pubDate>
			<description><![CDATA[Business Standard- India’s largest real estate company DLF Ltd is planning to move the Competition Appellate Tribunal by early next week, to appeal against the Competition Commission of India’s (CCI) order imposing a Rs 630-crore penalty on the firm. DLF, which is reportedly consulting law firms, is in the process of engaging its counsel. Confirming the company’s move a spokesperson said: “We continue to believe our case is very strong.”]]></description>
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            <title><![CDATA[Acquisition: UP invites objectionsfrom 3 Greater Noida villages]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11718</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Sep 2011 06:27:53 +0530</pubDate>
			<description><![CDATA[The Times of India- The UP government on Tuesday decided to allow three villages, whose lands have been notified for acquisition, to file objections to the process. The move comes just a day after the Union cabinet decided to stay the process of land notification across the country till the new land acquisition Act comes into effect. More than 600-hectare land in these Greater Noida villages - Roza Jalalpur, Chipiyana and Vaidpura - has been notified under sections 4 and 17 (the contentious urgency clause) of the old land acquisition Act.]]></description>
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            <title><![CDATA[Builders call land acquisition bill anti-development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11717</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Sep 2011 06:27:06 +0530</pubDate>
			<description><![CDATA[The Times of India- The proposed bill on land acquisition is not only anti-development but also impractical, feel developers and builders. If the bill is passed and implemented, there cannot be any planned development of townships in the country, said Anil Sharma, CMD of Amrapali Group, who is also vice-president of Confederation of Real Estate Developers&#039; Association of India (Credai).]]></description>
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            <title><![CDATA[Implementation of New Land Bill a big challenge: Gammon Infra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11716</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Sep 2011 06:26:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- In an interview with ET Now, Kishor Kumar Mohanty, MD, Gammon Infra, talks about the New Land Bill and its challenges. Excerpts:]]></description>
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            <title><![CDATA[New land bill widens infra ambit; ports, education etc in]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11715</link>
			<source>Moneycontrol</source>
			<pubDate>Wed, 07 Sep 2011 06:25:35 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The new Land Acquisition Bill has made some provision to accommodate India Inc. It has also broadened its definition of infrastructure projects, reports CNBC-TV18&#039;s Mehak Kasbekar, quoting sources. The new infrastructure definition will include airports, ports, rail systems of mining activities, education, sports, healthcare, tourism, transportation, space programme and more importantly low-cost housing. ( HERE is what the industry wanted).]]></description>
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            <title><![CDATA[Many holes to fill in land bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11714</link>
			<source>The Times of India</source>
			<pubDate>Wed, 07 Sep 2011 06:24:31 +0530</pubDate>
			<description><![CDATA[The Times of India- The UPA government&#039;s land acquisition bill was expected to fill gaps in the archaic 1894 act and streamline the process of land acquisition and ensure fair compensation to farmers and landowners. But even before the bill is introduced in Parliament murmurs of dissent are being heard. The Land Acquisition Amendment Bill, piloted by rural development minister Jairam Ramesh, has drawn fire from critics for legitimizing purchase of vast tracts of land, which could be used to exploit tribals and marginal farmers with state and muscle power.]]></description>
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            <title><![CDATA[India Inc concerned over high cost of R&amp;R policy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11713</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Sep 2011 06:23:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- India Inc has generally welcomed the Land Acquisition Bill cleared by the Cabinet on Monday and endorsed its objective of ensuring reasonable compensation to land owners who sell their land to the industry. But corporates have also expressed concern over the likely burden of procedures and the high cost of the relief and rehabilitation (R&amp;R) policy which could finally lie on the industry.]]></description>
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            <title><![CDATA[Govt should reconsider land acquisition bill: DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11712</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Sep 2011 06:22:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty giant DLF on Tuesday said the land cost and housing prices would increase sharply if the land acquisition bill is passed in the current form and the government should re-examine the bill. The country&#039;s largest real estate developer said the provisions of rehabilitation and resettlement should apply only when the government acquires land. The Land Acquisition, Relief and Rehabilitation (R&amp;R) Bill, 2011, was approved by the Cabinet yesterday, and is likely to be introduced in Parliament tomorrow.]]></description>
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            <title><![CDATA[Demolition of R K Narayan&#039;s house stopped]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11711</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Sep 2011 06:21:55 +0530</pubDate>
			<description><![CDATA[The Financial Express- The demolition work of late author R K Narayan&#039;s house for making way for a multi-storeyed apartment has been temporarily stopped by the city corporation.
&quot;We have stopped the demolition for the time being,&quot; Corporation Commissioner K S Raykar said. The house in Yadavagiri, built by Narayan in the early 50s when he wanted to move away from his residence at Laxmipuram, is being razed to make way for the apartment. Its ceiling has been partially demolished. Narayan, regarded as one of the greatest Indian novelist, lived in this 100 x 120 ft structure from 1950 till he moved to Chennai in the 1990s due to ill health. The reclusive writer penned his masterpieces from the oval shaped &#039;bay-room&#039; with massive windows that gave full view to the inspiring greenery outside. Joint Director of the MCC&#039;s Town Planning Wing Chowdegowda visited the spot yesterday on Raykar&#039;s orders and directed the contractor to stop demolition till further orders.]]></description>
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            <title><![CDATA[LVMH may bid for India&#039;s DLF hotel chain]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11710</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Sep 2011 06:20:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- Louis Vuitton Mo&euml;t Hennessy (LVMH), the world&#039;s biggest luxury goods group, is among firms that might be seeking to acquire Amanresorts International, the luxury hotel chain of Indian real estate developer DLF, according to a Bloomberg report. DLF has received at least five non-binding bids of $400 million to $450 million for Amanresorts, which owns and manages 25 small luxury resorts worldwide, Bloomberg said citing people with knowledge of the matter.]]></description>
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            <title><![CDATA[West Bengal, Credai to Jointly Build Townships]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11709</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Sep 2011 06:22:38 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mamata Banerjee’s West Bengal government and Kolkata builders led by the Confederation of Real Estate Developers’ Association of India - Bengal (Credai-Bengal) are contemplating joining hands to develop some four-to-five mini satellite townships covering 500-1,000 acres in and around the city and within the state. 
Though West Bengal’s PPP model for real estate development in the state has been extremely successful so far, these townships may not follow the PPP model. Unlike the current model comprising a mix of LIG, MIG and HIG apartments sharing common facilities, some portions of the proposed township will be kept aside for low income groups, some for middle income groups and some for high income groups so that ‘social problems’ can be averted.]]></description>
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            <title><![CDATA[Hero Group to Build 5-Star Hotel in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11708</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Sep 2011 06:21:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- OP Munjal-promoted Hero Group will build a 280-room 5-star deluxe hotel in Gurgaon, marking its foray in the hospitality business. The group recently acquired a four-acre plot of land on Gurgaon’s Golf Course Road through a bidding process for . 406 crore. The land, with a partially constructed building, was put on the block by Punjab National Bank. The building was mortgaged by a business family but had failed to service the loan. Pramerica, a US-based fund had an equity stake in the project.]]></description>
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            <title><![CDATA[Draft land Bill is a ‘retrograde’ step: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11707</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 06 Sep 2011 06:20:38 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers Association of India (Credai) has expressed concern on some of the provisions of the draft National Land Acquisition and Rehabilitation &amp; Resettlement Bill, 2011.
Reacting to reports of the Cabinet approval accorded to the Bill earlier today, the real estate developers&#039; organisation reiterated its concerns on the provisions relating to the valuation of land and bringing private acquisition of land under the ambit of this law.]]></description>
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            <title><![CDATA[Land Acquisition Bill: Experts weigh pros and cons]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11706</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 06 Sep 2011 06:19:36 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The cabinet has given its seal of approval for the Land Acquisition and Rehabilitation Bill . Confirming the same, rural development minister Jairam Ramesh said the Draft Land Bill will be placed in current parliament session. The landmark bill proposes strict norms for compensation and rehabilitation and also restricts government&#039;s power to acquire land for private projects. So how is India Inc reading this bill? While, the bill brings some relief in the form of transparency, it leaves a major lot of corporates unhappy.]]></description>
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            <title><![CDATA[DAMAC offering properties in Dubai at lower rates than C&#039;garh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11705</link>
			<source>Zee News</source>
			<pubDate>Tue, 06 Sep 2011 06:16:32 +0530</pubDate>
			<description><![CDATA[Zee News- With real estate developer DAMAC Properties showcasing luxury properties in Dubai available at &quot;lower&quot; rates than the cost of a 1,000-square foot home in Chandigarh, buying a house in the Middle East trading hub is no longer a distant dream for many.
Participating in a real estate exhibition organised by CREDAI (Punjab) here, DAMAC, one of the Middle East&#039;s largest property developers, is offering a host of properties in Dubai at rates which are almost comparable to the prices of properties available in Chandigarh and its periphery areas.]]></description>
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            <title><![CDATA[LVMH Said to Weigh Bidding for Amanresorts Luxury Hotel Chain]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11704</link>
			<source>Bloomberg</source>
			<pubDate>Tue, 06 Sep 2011 06:15:41 +0530</pubDate>
			<description><![CDATA[Bloomberg- LVMH Moet Hennessy Louis Vuitton SA (MC) is among companies that might be seeking to acquire luxury-hotel chain Amanresorts International Pte, said two people with knowledge of the matter. DLF Ltd. (DLFU), an Indian real estate developer, has received at least five non-binding bids of $400 million to $450 million for Amanresorts, one of the people said, speaking on condition of anonymity as the details are private. Amanresorts owns and manages 25 small luxury resorts worldwide, according to its website.]]></description>
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            <title><![CDATA[Delhi Building Boom in Suburbs Overlooking F1 Track Challenged by Farmers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11703</link>
			<source>Bloomberg</source>
			<pubDate>Tue, 06 Sep 2011 06:14:37 +0530</pubDate>
			<description><![CDATA[Bloomberg- Rohit Saxena used to spend weekends huddled in a makeshift tent on the side of a dusty road in one of New Delhi’s fastest growing suburbs, darting into the baking sun to hand passing cars brochures for residential developments. The heat and jostling with rival brokers in the software hub of Noida, east of New Delhi, was worth the reward, said Saxena, who closed 10 deals per weekend and in his best month earned 29 times India’s per-capita annual national income. The tents are now abandoned after courts ruled in favor of farmers protesting the acquisition of their land for development, scaring away buyers already saddled with higher borrowing costs.]]></description>
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            <title><![CDATA[Sahara challenges govt stand on OFCDs issue at SAT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11702</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Sep 2011 06:13:00 +0530</pubDate>
			<description><![CDATA[Business Standard- Why did the central government register its debenture-issue prospectus and then take well over a year to suddenly say it didn’t agree, asked counsel for the Sahara group of companies at the Securities Appellate Tribunal (SAT) today. Sahara India Real Estate Corporation and Sahara Housing Investment Corporation are contesting an order by the Securities and Exchange Board of India (Sebi) to refund money collected by issuing Optionally Fully Convertible Debentures (OFCDs). In an affidavit filed at SAT last week, the central government supported Sebi’s action.]]></description>
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            <title><![CDATA[HDFC joins pricing war with dual home loan rate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11701</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Sep 2011 06:11:54 +0530</pubDate>
			<description><![CDATA[Business Standard- The fixed-cum-floating rate scheme will have tenure of three and five years. The home loan market is seeing a pricing war yet again. Less than a month after ICICI Bank launched a dual rate home loan scheme, Housing Development and Finance Corp Ltd (HDFC), the largest mortgage finance company in the country, on Monday launched a fixed-cum-floating rate scheme which would offer home loans at a fixed rate for the initial three or five years and at a floating rate thereafter.]]></description>
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            <title><![CDATA[Construction sector faceslabour crunch  as rural migration drops]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11700</link>
			<source>Business Standard</source>
			<pubDate>Tue, 06 Sep 2011 06:10:41 +0530</pubDate>
			<description><![CDATA[Business Standard- There is a severe shortage of about 40 per cent skilled construction workers as government projects like the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and the National Rural Employment Guarantee Scheme (NREGS) are encouraging migrant labourers from Uttar Pradesh, Bihar, Madhya Pradesh and Rajasthan to shift from private employment, says Assocham in a study.]]></description>
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            <title><![CDATA[HDFC joins fixed rate race with icici bank]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11699</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Sep 2011 06:09:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Housing Development Finance Corp (HDFC), the biggest mortgage company, floated its version of fixed rate home loans matching ICICI Bank&#039;s, in the battle for market share when high prices slow demand for homes. But financial advisors say these loans may turn out to be a trap for borrowers when interest rates are just peaking. HDFC said its &#039;fixed first&#039; home loans will have fixed interest rates for the initial three or five years and will switch automatically to adjustable rates that move along with market interest rates. These fixed rate loans will have a range between 10.75% and 11.75%, a statement from HDFC said.]]></description>
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            <title><![CDATA[Cabinet approves Land Acquisition &amp; Rehabilitation Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11698</link>
			<source>Moneycontrol</source>
			<pubDate>Tue, 06 Sep 2011 06:08:32 +0530</pubDate>
			<description><![CDATA[Moneycontrol- The much-debated and awaited Land Aquisition &amp; Rehabilitation Bill has finally been approved by the Cabinet. Breaking the news, Siddharth Zarabi of CNBC-TV18 reports that the team led by Jairam Ramesh has approved the final bill with certain changes and there will be no further group of ministers (GoM) meet on it. Sharad Pawar, Veerappa Moily and Mamata Banerjee, who earlier has reservations about the bill, too are said to have approved the bill. &quot;The exact details of the bill are not known yet, however, the final bill is ready for presentation at the monsoon session of parliament,&quot; he says.]]></description>
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            <title><![CDATA[Sharad Pawar unhappy with land bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11697</link>
			<source>Daily News & Analysis</source>
			<pubDate>Tue, 06 Sep 2011 06:07:37 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Union agriculture minister Sharad Pawar is not entirely happy with the proposed amendments in the land acquisition act and believes that it could result in further delaying the projects. “The proposed amendment in the Act that suggests more compensation to the landholders has side-effects to it and would set wrong trends in acquisition. My apprehension is that the owners will get excessive powers of negotiation and this would result in stalling the projects due to the non-acquisition of the land,” he said.]]></description>
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            <title><![CDATA[Land bill prunes NAC price formula - Cabinet hurries over objections to meet Rahul poll deadline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11696</link>
			<source>Calcutta Telegraph</source>
			<pubDate>Tue, 06 Sep 2011 06:06:37 +0530</pubDate>
			<description><![CDATA[Calcutta Telegraph- : The compensation rate suggested by the National Advisory Council has been pruned in the land acquisition bill, whose draft the cabinet hurriedly approved today, side-stepping several objections to try and meet a political timetable set by Rahul Gandhi. The bill will be introduced in Parliament on Wednesday, rural development minister Jairam Ramesh told reporters. It is likely to go to the standing committee and be taken up for passage during the winter session. Rahul wants it passed before the Uttar Pradesh elections due next summer.]]></description>
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            <title><![CDATA[Real-estate sector jittery over new land acquisition law]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11695</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 06 Sep 2011 06:05:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Union Cabinet on Monday cleared a new land acquisition law that tries to bridge the gaps in existing legislation. Popular protests against governments acquiring land for private projects have spread across the country and toppled a 35-year-old Left government in Bengal. The Congress hopes to gain some political mileage from the new law and deflect accusations of policy drift. Industry, however, was less than enthusiastic about the new law.]]></description>
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            <title><![CDATA[NOW, NEHARPAR SHOWS PROMISE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11694</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:20:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Neharpar’s real estate has seen a steep escalation in property values, enhancing its appeal as a serious real estate market. The biggest draw is that property is still available at affordable rates, says ABHIGYAN. With an area of approximately 3,000 acres, Neharpar region in Faridabad covers Sectors 70 to 91. Though it is a blend of both residential and commercial property, a large number of options are available in the residential category, such as multistorey apartments, plots, villas and townships. A number of prominent developers like BPTP, SRS, Omaxe Ltd, Vipul Group, Piyush Group, Puri Constructions, RPS, etc, have undertaken projects in the area.]]></description>
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            <title><![CDATA[Authority seeks SEZ land to solve Noida row]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11693</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:18:58 +0530</pubDate>
			<description><![CDATA[The Times of India- Four years after the multiproduct Special Economic Zone (SEZ) project of the Reliance group was scrapped by the Uttar Pradesh government, Noida Authority has sought the entire 2500 acres of the project land back. The Authority hopes to use the land to resolve the ongoing farmers’ row. According to chairperson Balwindar Kumar, the Authority has sent a draft to the state government, seeking a Memorandum of Settlement (MoS) with the state for getting 2500 acres of land along the Noida-Greater Noida Expressway. The land had been notified for developing the SEZ in 2006. “Once the state government approves the MoS we can allot the land to the agitating farmers, as per our agreement with them,” Kumar said.]]></description>
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            <title><![CDATA[Housing prices firm up across cities -Bhopal Posts 34% Increase, Delhi 17% | Marginal Rise In Mum &amp; Pune: NHB Residex]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11692</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:17:53 +0530</pubDate>
			<description><![CDATA[The Times of India- House prices have displayed a rising trend in 12 Indian cities in the April-June quarter with Bhopal posting the highest gains, a survey by the National Housing Bank (NHB) has shown. Experts say the demand for property in major cities across the country had dipped after the Reserve Bank of India (RBI) raised interest rates 11 times since March 2010 to tame inflation. The sharp increase in borrowing costs had kept buyers on the sidelines. But the NHB Residex which tracks housing prices in 15 cities shows prices are firming up compared to the January-March quarter. Banks have raised their lending rates sharply in the past few months. Several banks have witnessed a moderation in the demand for home loans as high interest rates hit sentiment.]]></description>
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            <title><![CDATA[Jairam gets Didi nod for land bill but with riders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11691</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:16:59 +0530</pubDate>
			<description><![CDATA[The Times of India- Their basic difference on “forcible land acquisition” remains, but Mamata Banerjee and Union rural development minister Jairam Ramesh have reached a truce on the draft land bill that will be placed in the Cabinet on Monday. The CM on Saturday gave her nod to Ramesh despite concerns over some areas in the bill. In exchange, she has got Congress’s consent to invoke the state law — which is to be drafted — in land matters relating to Bengal. In the barter, she also got what she desperately wanted — Ramesh sanctioned rural development funds of 1,000 crore for the state, which will be released in phases.]]></description>
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            <title><![CDATA[Anna Effect: Prior CAG Clearance Sought for 30k-cr Housing Project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11690</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:16:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Chidambaram asks CAG to audit the processes before PPP project for paramilitary forces is awarded
In the backdrop of the Comptroller and Auditor General’s scathing reports on award of 2G telecom licences and projects related to the Commonwealth Games, an extra-cautious Ministry of Home Affairs is seeking the audit of the processes of the proposed . 30,000-crore housing project for the paramilitary forces by the country’s statutory auditor. This would be the first instance of pre-award scrutiny by the CAG.]]></description>
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            <title><![CDATA[CM takes jumbo delegation to Japan to seek investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11689</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:13:53 +0530</pubDate>
			<description><![CDATA[The Times of India- Haryana chief minister Bhupinder Singh Hooda flew to Japan on Sunday with a jumbo 36-member delegation including his four cabinet colleagues, home minister, realtors, advocates and industry leaders to attract Japanese investment for the state. The composition of business delegation loaded with representatives from the NCR and particularly from the auto sector is an indicator of how the state will try to get more investment to districts like Gurgaon, Rewari and Faridabad.]]></description>
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            <title><![CDATA[Gujarat&#039;s Sanand realty at saturation point?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11688</link>
			<source>Daily News & Analysis</source>
			<pubDate>Mon, 05 Sep 2011 07:12:57 +0530</pubDate>
			<description><![CDATA[Daily News & Analysis- Tata Motors’ announcement to set up its Nano plant near Chharodi brought Sanand on radar of real estate market.Land prices in the taluka galloped to touch new highs. But the announcement by Ford in July and then by Peugeot on Thursday to set up car plants in the taluka has not had much effect on land prices in the area. This has prompted one question: has real estate market in Sanand reached the saturation point?]]></description>
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            <title><![CDATA[Hit by fund and permit hassles, hotel majors stall projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11687</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Sep 2011 07:12:02 +0530</pubDate>
			<description><![CDATA[Business Standard- Many leading hospitality companies looking at expansion are either deferring launches or stalling projects on the back of various challenges including fund crunch and roadblocks in getting permits.
According to a study by consulting firm HVS, the hospitality companies had announced to add 90,000 rooms by April 2015. Realistically, industry experts say, only two-thirds of the figure will materialise by then. Of the rest, some will get delayed and others shelved.]]></description>
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            <title><![CDATA[&#039;Labour migration down&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11686</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Sep 2011 07:11:10 +0530</pubDate>
			<description><![CDATA[Business Standard- There is a severe shortage of about 40 per cent skilled construction workers as government projects like the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and the National Rural Employment Guarantee Scheme (NREGS) are encouraging migrant labourers from Uttar Pradesh, Bihar, Madhya Pradesh and Rajasthan to shift from private employment, says Assocham in a study. The construction projects across the state are getting delayed, cancelled or halted in progress as the realty sector has been jostling with steep and steady rise in prices of cement, steel rods, bricks and other input material and adding to this is labour migration, Assocham said today.]]></description>
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            <title><![CDATA[State to have 10 satellite townships to come up in the state]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11685</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Sep 2011 07:10:15 +0530</pubDate>
			<description><![CDATA[The Times of India- The umbrella organization of real estate players in the state has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.
Speaking at a public forum in the presence of state urban development minister Firhad Hakim on Saturday, Confederation of Real Estate Developers&#039; Association of India (CREDAI) Bengal chapter president Pradeep Sureka said the industry was keen to set up five mini-satellite townships within 15 km of Kolkata and five more in rest of the state.]]></description>
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            <title><![CDATA[Study: India 2nd in global realty price growth]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11684</link>
			<source>Indian Express</source>
			<pubDate>Mon, 05 Sep 2011 07:09:28 +0530</pubDate>
			<description><![CDATA[Indian Express- Over 30 per cent annual residential price increase in Mumbai: Knight Frank report. Over the past year, real estate prices in India have risen by 21.3 per cent, making it the country with the second highest rise in real estate prices globally, according to a recent report by international property consultants Knight Frank.]]></description>
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            <title><![CDATA[CREDAI opposes proposal to form regulator for realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11683</link>
			<source>Zee News</source>
			<pubDate>Mon, 05 Sep 2011 07:08:36 +0530</pubDate>
			<description><![CDATA[Zee News- Real estate industry body CREDAI on Saturday opposed constitution of a regulatory body for the real estate sector, saying that it would become a &quot;breeding ground for corruption&quot; if implemented.]]></description>
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            <title><![CDATA[Govt backs Sebi on OFCD, Sahara may file rejoinder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11682</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Sep 2011 07:07:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The government has supported the Securities and Exchange Board of India (Sebi) in the case against two Sahara group firms that raised money from the public by issuing optionally fully convertible debentures (OFCD).
The Ministry of Corporate Affairs (MCA) told a litigation court that both entities were bound by Sebi regulations, as the money raising by the erstwhile Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp Ltd (SHICL) would come under the definition of public issue.]]></description>
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            <title><![CDATA[New land policy favours small projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11681</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Sep 2011 07:06:58 +0530</pubDate>
			<description><![CDATA[Business Standard- West Bengal land acquisition protests in Singur and Nandigram have often been cited as agenda setting events in the country’s land versus and industry discourse. The state now has a new policy, under a new government. However, the new policy which has been formulated by the new government led by Trinamool Congress chief and now the state chief minister Mamata Banerjee appears to be marred by issues of a perceived contradiction. Mamata Banerjee, who rode to power on her pro-farmer platform, has ensured a gradual shift toward the Singur model. Roughly speaking, the Singur model symbolises a stance that multi crop agricultural land must not be acquired for industry.]]></description>
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            <title><![CDATA[Chandigarh housing sector sees slowdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11680</link>
			<source>Business Standard</source>
			<pubDate>Mon, 05 Sep 2011 07:05:44 +0530</pubDate>
			<description><![CDATA[Business Standard- The outlook says the real estate sector is turning bearish, but there is an argument between developers and real estate analysts that is becoming louder.
The issue is over whether the city and its periphery is observing a price correction in the residential sector.
Real estate analysts maintain that the prices have started softening (varying from area to area) in both city and its periphery, but developers rue that rising input costs was making it impossible to bring the prices downwards for the new projects (in the periphery).]]></description>
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            <title><![CDATA[Ficci suggests reforms in land acquisition draft bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11679</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Sep 2011 07:04:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Industry body Ficci has suggested that the proposed land acquisition act should apply to the private companies only if they buy 500 acres of land or more, instead of the 100 acres as suggested in the draft law. According to the Draft National Land Acquisition and Rehabilitation and Resettlement (R&amp;R) Bill, 2011, its provisions will apply when private companies buy 100 acres of land or more on their own.]]></description>
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            <title><![CDATA[Omkar raises Rs 200 cr from Indiareit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11678</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Sep 2011 07:04:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- Omkar Realtors &amp;Developers has finalised R200-crore funding from Piramal Group’s Indiareit Fund Advisors for a premium residential project in Worli, with a development potential of over a million square feet, the real estate company said. This is the second deal closed by Indiareit this year. Earlier this year, the company picked up 50% stake in a residential project in Gurgaon to be developed by Ambience group, a Delhi-based real estate developer. The fund invested R200 crore there too, said Jogani.]]></description>
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            <title><![CDATA[Noida Authority collects Rs 367 cr from single land deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11677</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Sep 2011 07:03:08 +0530</pubDate>
			<description><![CDATA[The Financial Express- Noida Authority today registered its largest revenue collection worth Rs 367 crore from a single land deal, officials said. The land was registered at additional district magistrate (Finance) office because the land falls under two sectors and it could not be registered at sub-registrar office, Sharma said.]]></description>
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            <title><![CDATA[Unusual home loan barrier: Your bank branch?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11676</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Sep 2011 07:02:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- Is India a single country? This question is not asked with reference to any political context or even a common market, but in the relatively mundane context of home loans. You may wonder, what has that question got to do with home loans. I was led into asking this question after a recent conversation with a friend. He works in Mumbai and wanted to buy a flat in Kolkata. Lately, he has been facing a problem while getting a loan. He approached a bank in Kolkata (since that is the city where he wants to buy his flat). The bank said that they would have given him the loan as his property and income papers were in order, but they asked him to visit their branch in Mumbai for the loan as he was working there.]]></description>
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            <title><![CDATA[Delhi real estate: a saga of metamorphosis]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11675</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Sep 2011 07:00:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- While studying the real estate market in Delhi, it is pertinent to note that the country’s capital was — according to legend — destroyed seven times; each time, it came back to life like the proverbial phoenix. This fact, in some way, goes into explaining why the Delhi landscape has always been in a state of steady metamorphosis. Over the last 15 years, the face of Delhi real estate has changed visibly. Standalone houses have gradually been giving way to cooperative housing societies, private developer apartments and independent designer floors. In commercial real estate, sprawling business hubs have developed at a fair distance from the traditional city centre, Connaught Place.]]></description>
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            <title><![CDATA[HOW LONG WILL YOUR FLAT LAST?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11674</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 09:20:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Apartment or independent house? It is an endless debate. There are valid arguments to buttress the claims on both sides. While the jury is still out, there is a growing demand from certain sections of the housing sector, which argue that builders must ensure that the apartments they build should be able to face the vagaries of time for at least seven-eight decades. There are apartments like Sagar Apartments and Sujan Singh Park, to name a few, which are still standing tall even after 40 to 60 years of their construction.]]></description>
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            <title><![CDATA[PROJECTS ARE SAFE: CEO NOIDA AUTHORITY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11670</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 09:04:15 +0530</pubDate>
			<description><![CDATA[The Times of India- The recent court verdicts against land acquisitions in Noida Extension have also affected the fate of projects in Noida. Farmers of Noida started demanding reopening of all acquisition cases since the satellite township was established forcing the authority to listen to them. Since the agitations over issues related to land acquisition began, homebuyers, developers and investors have been experiencing a sense of dismay over the fate of projects in Noida.]]></description>
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            <title><![CDATA[RAJ NAGAR EXTENSION: A MIDDLE-CLASS HAVEN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11669</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 09:03:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Raj Nagar Extension is one place that defied many myths and perceptions in the real estate circles. One of the strongest doubts was when people started talking of the model where real estate developers work towards one project. The place saw the conglomeration of 12 developers initially, and as the project got off, more joined the cause. And, Raj Nagar Extension doled out affordable homes at a time when many such options were not available even in the Delhi NCR. As of now, there are 25 developers who have taken the job of delivering affordable houses to buyers.]]></description>
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            <title><![CDATA[REALTY SECTOR IS SLIPPING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11667</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 08:53:23 +0530</pubDate>
			<description><![CDATA[The Times of India- A study says that the unregulated rise in cost of construction material coupled with a steep shortage in workforce has slowed the realty sector. Sharp rise in prices and interest rates have affected the real estate sector adversely. According to a survey, the slowdown in the realty sector is likely to bring down its contribution to the GDP to below 8% in 2011-12 as against 8.1% in the last fiscal year.]]></description>
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            <title><![CDATA[GHAZIABAD: HIGHWAYS BOOSTER TO REALTY]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11666</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 08:42:16 +0530</pubDate>
			<description><![CDATA[The Times of India- Places on NH-24 and NH-58 are flourishing as residential options to the capital because of their proximity to Delhi, excellent connectivity and infrastructure developments. The Delhi Metro rail project has added a boost to connectivity, whereas the Anand Vihar rail junction has already enhanced rail mobility. Commercial and retail developments are coming up in a big way in regions like Indirapuram, Vaishali, Kaushambi and Vasundhara.]]></description>
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            <title><![CDATA[Greater Noida land rates hiked by Authority]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11664</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 08:29:49 +0530</pubDate>
			<description><![CDATA[The Times of India- After paying increased compensation amounts to farmers, Noida Authority has now found a way to tide over its cash crunch. At its board meeting on Friday, Authority CEO Rama Raman announced a substantial hike in the price of all categories of land. Also, officials confirmed that the Authority is likely to impose some extra burden on builders as well as individual allottees as they will soon &quot;announce a hike in the price of land that has already been allotted.&quot;]]></description>
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            <title><![CDATA[Wave Infrastructure pays about Rs 375 cr for registry of Noida land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11663</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Sep 2011 08:26:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Wave Infrastructure today said it has paid about Rs 375 crore as stamp duty for registration of about 151 acres of land in Noida, which the company had won in the country&#039;s biggest land deal for a whopping Rs 6,570 crore. In March this year, Wave Infrastructure had bagged 6.14 lakh sq meter plot for Rs 1.07 lakh per sq meter at Sector-32 and 25A from Noida Development Authority, outbidding real estate firms Amrapali and The 3C Company.]]></description>
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            <title><![CDATA[Villas: Positioning and potential in Indian real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11662</link>
			<source>Daily Bhaskar</source>
			<pubDate>Sat, 03 Sep 2011 08:24:59 +0530</pubDate>
			<description><![CDATA[Daily Bhaskar- Villas are a unique real estate configuration because unlike in apartments, the buyer gets to own the piece land on which a villa is built. Pricing of villas would vary with the size of the plot on which they are built, their built-up areas, the amenities offered, whether or not they are gated, the location of the project, its accessibility, value-adds such as sea view and so on.]]></description>
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            <title><![CDATA[Why global chains &amp; investors like Rakesh Jhunjhunwala are betting on casino business in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11661</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Sep 2011 08:23:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- The winter of 2008 -with the world&#039;s major economies sinking rapidly into what is now called the &#039;Great Recession&#039;- was not the most obvious time to start a casino. But Jaydev Mody, a Mumbai-based real estate developer who was instrumental in setting up the shopping mall, Crossroads, had little choice but to take the plunge as plans to start an offshore casino were weeks away from fruition. Casino Royale launched in November 2008.]]></description>
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            <title><![CDATA[Our biggest challenge is consumer activism, says Ajay Chandra, managing director of Unitech]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11660</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Sep 2011 08:22:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&#039;s real estate sector is down in the doldrums for the last few quarters with rising interest rates and sagging sales. The net debt of the top 11 real estate firms has shot up to Rs 38,500 crore and rising. Some of them have also been named in recent big-ticket scams. Their stocks have been hammered and consumer confidence is also low.]]></description>
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            <title><![CDATA[EMIs chip away at monthly budgets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11659</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Sep 2011 08:19:40 +0530</pubDate>
			<description><![CDATA[The Times of India- If owning a house is still a dream for many, then those who have availed of loans to live in their own homes are hassled by the equated monthly instalments (EMI) and rising interest rates. Any relief from this situation is nowhere near. Anuj Bhandari, spokesman for the Confederation of Real Estate Developers Associations of India (Credai) Pune, said a rise in the price of essential materials for construction like steel, cement and transport contributes to 15-17 % escalation in the cost.]]></description>
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            <title><![CDATA[Forbes ranks Ashiana Housing in &#039;Asia&#039;s best under a billion&#039; companies]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11658</link>
			<source>India Infoline News Service</source>
			<pubDate>Sat, 03 Sep 2011 08:17:30 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- The Forbes&#039; &#039;Asia&#039;s 200 Best Under A Billion&#039; list highlights the 200 top-performing small and midsize enterprises having revenues under $1 billion. Ashiana Housing Ltd., Delhi based real estate player becomes the only real estate company from India to figure in &#039;Asia&#039;s Best Under A Billion1 list of companies compiled by the Forbes magazine for 2011.]]></description>
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            <title><![CDATA[SC issues notice to Centre, AP govt &amp; CBI on Emaar’s petition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11657</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 03 Sep 2011 08:13:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Supreme Court on Friday issued notices to the Centre, the CBI and the Andhra pradesh government on a petition filed by Emmar MGF Land seeking a stay on Andhra Pradesh High Court’s judgment that ordered a CBI inquiry into alleged irregularities in the land dealings of the company in the state. A bench headed by Justice Dalveer Bhandari sought a reply from the Union home ministry, the state government, the probe agency and MLA P Shankar Rao.]]></description>
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            <title><![CDATA[House price rise in India second highest in the world]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11656</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 03 Sep 2011 08:09:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Residential prices in India saw the second highest annual growth among 50 countries of the world, according to Knight Frank’s latest global housing price index for the second quarter of calendar year 2011. According to the index, housing prices in India grew by 21.3% in the first quarter of 2011 (the latest data available in India’s case is for Q1) over the same period last year. India ranked only second to another Asian country Hong Kong, which saw the strongest price growth of 26.5% on year-on-year basis. India was followed by Taiwan, Estonia and Israel.]]></description>
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            <title><![CDATA[Rate hike and home loan EMI,ET Realty outlines the impact of an interest rate hike on a home loan borrower]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11655</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Sep 2011 06:22:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- A Recently, the Reserve Bank of India (RBI) increased the interest rates. The short-term lending rate (repo rate) has been increased from 6.5 percent to 6.75 percent, while the shortterm borrowing rate (reverse repo rate) has been raised to 5.75 percent from 5.5 percent with immediate effect. Keeping in view the liquidity situation,the central bank has kept the cash reserve ratio (CRR), the amount banks are required to keep with the RBI in cash, unchanged at six percent. This is the eighth time since March 2010 that the RBI has resorted to policy rate hikes to tackle inflation. Inflation is still ruling above eight percent. The overall inflation was at 8.31 percent in February this year compared to 8.23 percent a month ago.]]></description>
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            <title><![CDATA[LUXURY REDEFINED , M3M launches India&#039;s first &#039;Polo&#039; Suites - luxury residences with a royal lifestyle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11654</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Sep 2011 06:21:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- Once again M3M Group pioneers a new concept! M3M India Ltd. has announced the launch of M3M Polo Suites, high class luxury suites in the heart of Gurgaon.With an aim to create designer living in India, M3M brings limited editions of Luxurious Polo Suites with international look and feel. The one of its type Polo theme based project offers only few units with area 4000 sq ft and 5000 sq ft. The luxury apartment is skillfully landscaped and, boasts of exotic water bodies and endless plush greenery. The exclusive apartments come with an elegant Polo Lounge which is a world class experience in itself. The exclusive entrance with the &#039;Polo&#039; themed sculptures and motifs, leads one into the &#039;Polo Lounge&#039; on the ground floor.]]></description>
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            <title><![CDATA[Realtors Face the Squeeze Amid Tight Liquidity, Stricter Funding Norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11653</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Sep 2011 06:20:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- The only constant is change. This has been an axiomatic truth for the Indian real estate market over the last 24 months with volatility having become a byword. There has been little or no respite from this state of flux. 
The US and European debt worries have added to the uncertainty. Over the last two months, the Indian real estate market has been beset by reduced growth expectations and liquidity squeeze. This is an unsettling time for the market and for real estate investors as well. Are we looking at 2008 all over again?]]></description>
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            <title><![CDATA[Centre can&#039;&#039;t regulate pvt firms on land acquisition:NAC member]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11652</link>
			<source>MSN India</source>
			<pubDate>Fri, 02 Sep 2011 06:19:56 +0530</pubDate>
			<description><![CDATA[MSN India- National Advisory Council Member N C Saxena on Thursday termed as &quot;unconstitutional&quot; a key clause in the proposed land acquisition Act which binds private firms buying 100 acre or more to follow the rehabilitation package, as suggested in the draft bill.
According to the draft National Land Acquisition and Rehabilitation &amp; Resettlement Bill, 2011, the rehabilitation provision would be mandatory if private companies buy 100 acre or more on their own.]]></description>
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            <title><![CDATA[Global Housing Marketat Weakest Point Since 2009]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11651</link>
			<source>World Property Channel</source>
			<pubDate>Fri, 02 Sep 2011 06:19:08 +0530</pubDate>
			<description><![CDATA[World Property Channel- Based on a new report by London-based real estate firm Knight Frank, worldwide mainstream house prices marginally avoided falling into negative territory with prices rising on average by 0.1% in the three months to June 2011 and by 1.7% over a 12-month period. This weak performance shows the extent to which many of the world&#039;s economies are struggling in the wake of the 2008-09 global crisis. Lending, for most developed economies, remains constrained, confidence is low and households&#039; disposable incomes are waning.]]></description>
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            <title><![CDATA[CEPT suggests eco village model for Konark-Puri to boost tourism]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11650</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Sep 2011 06:18:03 +0530</pubDate>
			<description><![CDATA[Business Standard- Can an &#039;eco-village&#039; help the booming religious tourism in Orissa? CEPT University has come up with the &#039;eco-village model&#039; and more such solutions for the Puri-Konark area in the comprehensive development project (CDP) which it submitted recently to the to Puri Konark Development Authority (PKDA). CEPT had bagged the project for preparing the CDP of the Konark-Puri area that spans an area 377 kms in 2009. Post the submission, many of the proposals are now slated to be implemented by Orissa chief Minister Naveen Patnaik in the development plan being readied for the area.]]></description>
			</item><item>
            <title><![CDATA[Realty sector continues to remain sluggish]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11649</link>
			<source>The Times of India</source>
			<pubDate>Fri, 02 Sep 2011 06:17:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Despite the glossy picture given by the property developers, the realty business in Kochi remains sluggish. If the marketing-savvy developers were able to sell 75 per cent of their apartments within one month of launch, now the figure has come down to almost naught. And in the past one year, only one group has launched a project in the city.]]></description>
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            <title><![CDATA[CBRE poaches top Credit Suisse execs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11648</link>
			<source>The Times of India</source>
			<pubDate>Fri, 02 Sep 2011 06:16:43 +0530</pubDate>
			<description><![CDATA[The Times of India- The Indian arm of CB Richard Ellis (CBRE), the global real estate consultancy giant, has poached two top real estate fund managers from another global financial major, Credit Suisse, to strengthen CBRE&#039;s capital market offerings in India that could eventually lead to managing investors&#039; money also. Gaurav Kumar and Nikhil Bhatia, who five years ago set up and then till recently managed Credit Suisse&#039;s real estate private equity fund in India, have been appointed as co-heads of CBRE&#039;s capital markets division.]]></description>
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            <title><![CDATA[Growing money in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11647</link>
			<source>The Times of India</source>
			<pubDate>Fri, 02 Sep 2011 06:15:42 +0530</pubDate>
			<description><![CDATA[The Times of India- Even after embracing US citizenship two decades ago, I keep in touch with my motherland by visiting India periodically. As an outsider, I observe slow and steady changes in India. Nowadays, my fellow Indian-American friends here in parties and get-togethers seem to be jealous commenting... yaar India to hamse aage nikal gaya yaar... Hum fase hai yahaan. Although my friends here want to get on-board the speeding India train, somehow they are not able to. The Indian system is not simple to navigate even if you spent half your life in India. In this article, I will try to discuss the good and the bad of the Indian investment scenario.]]></description>
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            <title><![CDATA[Unitech to put 3 hotels on the block]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11646</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Sep 2011 06:14:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Unitech, the second largest real estate company in India, is planning to sell all three hotels that it is currently developing, said vice-president (corporate planning) R Nagaraju. Unitech has already tied up with hospitality chain Carlson for the Gurgaon property, and with Marriott for both the Noida and Kolkata hotels. The three put together will have 600 rooms. The sale of these hotels is part of the company’s strategy to exit most of its non-residential businesses once it’s up and running.]]></description>
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            <title><![CDATA[Sebi moves SC for early hearing in PACL case]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11645</link>
			<source>Business Standard</source>
			<pubDate>Fri, 02 Sep 2011 06:14:08 +0530</pubDate>
			<description><![CDATA[Business Standard- The Securities and Exchange Board of India (Sebi) has moved the Supreme Court for an early hearing in a seven-year case against realty player PACL India.
The market regulator had filed an affidavit earlier this month, saying the schemes of PACL were not being regulated by any statutory regulatory authority and posed a threat to investors.]]></description>
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            <title><![CDATA[Balance Rights of Sellers &amp; Buyers -Only one solution to Greater Noida land fiasco]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11644</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Sep 2011 06:25:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- It is everyone’s dream to own a house — and owning one in the national capital region is a dream of the country’s middle class. People prefer to invest in residential projects where land is allotted by a government authority. However, this dream came crashing for people who had invested in Noida Extension projects, when TV news channels flashed reports that said land had been wrongfully acquired.]]></description>
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            <title><![CDATA[Green Buildings: At What Cost?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11643</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Sep 2011 06:25:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Unless eco-friendly buildings make economic sense to the buyer, they will not have a market. A galaxy of experts from the infrastructure industry as well as environmentalists participated in The Economic Times Infragreen 2011 held last month. They, inter alia, discussed issues such as (a) energy-efficient technologies, (b) use of ecofriendly materials, and (c) improving design of water- and energy-related services to ensure green characteristics of building environment. The stakeholders also deliberated on the ground realities of policy initiatives already taken and those to be taken in future. It was also emphasised that it should be ensured that infrastructure development and environment sustainability needs should not come in conflict with each other.]]></description>
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            <title><![CDATA[Hoysala Projects offers Royal Heights in Kochi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11642</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:24:20 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The project will comprise 11 floors with a total of 71 apartments. The buyers have an option to choose from two and three bedroom units with base price fixed as Rs 3,000 per sq ft. BANGALORE-BASED Hoysala Projects recently launched a new project -Royal Heights --in Edapally, Kochi. The project is situated 2 km away from NH-47 and NH-17.]]></description>
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            <title><![CDATA[Largest integrated township in Amritsar by Alpha G Corp]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11641</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:23:35 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Alpha G Corp, a partner of Morgan Stanley and an FDI-funded real estate developer has launched Alpha Int&shy;ernational City, the largest integrated township in Amritsar. The Rs 650 crore township will be developed in three phases on land owned by Venus County De&shy;ve&shy;lopers and based on the Real Es&shy;tate Asset Management Model (Ream). The 300-acre township will combine plotted development, international quality civic infrastructure and dedicated co&shy;mmercial space of 25 acres.]]></description>
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            <title><![CDATA[S&amp;S Green launches Green Grace in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11640</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:22:54 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The project will comprise 416 apartments with sizes varying from 2,160-2,870 sq ft with a price of Rs 3,600 per sq ft. With awareness for energy conservation increasing, more and more real estate companies are now looking at building green homes.]]></description>
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            <title><![CDATA[Escape relax enjoy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11639</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:22:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Quest for holiday homes, which has been a trend among the elite, has now extended to the upper middle class as well. Less than two hours’ drive on the expressway from Mumbai, you can see clouds descend on the serene, tranquil hill station of Lonavala. A perfect getaway for most city dwellers! The twin hill cities of Lonavala and Khandala turn busy by the weekend as city-dwellers troop in with their families to spend some quality time, far away from the hustle and bustle of the city.]]></description>
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            <title><![CDATA[NSL Infratech to liquidate residential assets for SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11638</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:21:19 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- NSL Infratech, part of the Hyderabad-based NSL Group with interests in seeds, sugar, textiles and power among others, will liquidate residential properties being developed by it to fund commercial projects. NSL Infratech has drawn up plans to develop five million sq ft residential space in five years. At an average Rs 3,000 per sq ft, it is expecting Rs 1,500 crore from the residential segment.]]></description>
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            <title><![CDATA[India set to double number of HNIs by 2015: Study]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11637</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Sep 2011 06:20:20 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world’s fastestgrowing major economies of China and India continue to mint millionaires, a report from Julius Baer said. The Swiss wealth manager forecast that the wealth of HNIs, those with $1 million or more in investable assets, would nearly triple to $15.8 trillion in five years to 2015.]]></description>
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            <title><![CDATA[Home prices show signs of stabilising in the US]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11636</link>
			<source>Bloomberg</source>
			<pubDate>Thu, 01 Sep 2011 06:19:28 +0530</pubDate>
			<description><![CDATA[Bloomberg- RESIDENTIAL real estate prices in the US decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilising.
The S&amp;P/Case-Shiller index of property values in 20 cities fell 4.5 per cent from June 2010, after a 4.6 per cent drop in the 12 months ended May that was the biggest since 2009, the group said on Tuesday in New York. The median forecast of 31 economists surveyed by Bloomberg News projected a 4.6 per cent decline.]]></description>
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            <title><![CDATA[Senior citizens must plan ahead to avoid faltering on home run]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11635</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Sep 2011 06:18:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Everybody loves the security of a roof over the head. Especially, silver citizens. If the house is in a nice and quiet locality with basic amenities to support stress-free living, that is a luxury. However, with real estate prices touching the cloud with scorching home loan rates for company, the idea almost appears a day dream. But a little foresight and some diligent planning can turn that dream into a reality. The idea is simple: Buy a plot today, preferably a little away from the city. Save some money over a few years and build the house a little later - closer to the time of your retirement.]]></description>
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            <title><![CDATA[Buying a home: Wait and watch is the mantra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11634</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Sep 2011 06:17:56 +0530</pubDate>
			<description><![CDATA[Business Standard- Conventional wisdom: If you are buying your first house, don’t try to time the market. The argument: Even if you are entering in a high interest rate scenario, over a 15-20 year period, there will be cycles when rates will come down. But, then, what can one do about spiralling property prices, especially in cities like Mumbai and Bangalore? If one were to believe builders, realty prices will only go up.]]></description>
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            <title><![CDATA[High input costs to reduce construction&#039;s contribution to GDP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11633</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Sep 2011 06:17:16 +0530</pubDate>
			<description><![CDATA[The Economic Times- Rise in raw material prices is expected to hit the construction sector and may reduce its contribution to below eight per cent in the country&#039;s GDP this fiscal, according to a study. In 2010-11, the construction industry contributed 8.1 per cent to India&#039;s GDP, an Assocham study said. The industry body surveyed about 1,500 people including contractors, developers]]></description>
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            <title><![CDATA[Property prices fall 15% in a month]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11632</link>
			<source>Chandigarh Tribune</source>
			<pubDate>Thu, 01 Sep 2011 06:16:29 +0530</pubDate>
			<description><![CDATA[Chandigarh Tribune- Rising interest rates, hike in collector rates leading to crash in demand; developers offering 10-15% discount
Rising interest rates on home loans and loans taken by real estate builders; hike in collector rates; and a total crash in demand for property, has led to a sharp fall in real estate prices in the region.]]></description>
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            <title><![CDATA[Gujarat realty sector faces 40% skilled labour crunch: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11631</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Sep 2011 06:15:53 +0530</pubDate>
			<description><![CDATA[Business Standard- Reeling under high input costs and 40 per cent labour shortage, the realty sector in Gujarat is witnessing construction projects getting either delayed, cancelled or halted in progress. In a survey conducted by the Gujarat Council of the Associated Chambers of Commerce and Industry of India (ASSOCHAM), steep and steady rise in prices of cement, steel rods, bricks and other input materials have been troubling construction projects. Also, the realty sector is seeing severe shortage of about 40 per cent skilled construction workers.]]></description>
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            <title><![CDATA[DLF told not to put unfair terms in deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11630</link>
			<source>The Times of India</source>
			<pubDate>Wed, 31 Aug 2011 06:54:15 +0530</pubDate>
			<description><![CDATA[The Times of India- The Competition Commission of India (CCI) on Tuesday directed DLF to stop formulation and imposition of unfair conditions in its agreements with home buyers. Unlike its earlier order a fortnight ago, the CCI didn’t impose any fine this time. Passing the “cease and desist” order in the case of Park Place housing project in Gurgaon, the CCI said DLF should “suitably modify conditions imposed on the buyers within three months” of the receipt of the order.]]></description>
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            <title><![CDATA[Dwarka realty hub also in legal tangle-One-Third Of E-Way Caught In Litigation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11629</link>
			<source>The Times of India</source>
			<pubDate>Wed, 31 Aug 2011 06:53:28 +0530</pubDate>
			<description><![CDATA[The Times of India- The Noida land row may have triggered panic among buyers, driving many to seek judicial reprieve, but realtors are not dissuaded. Builders have shifted focus to the stretch connecting Dwarka with Manesar. And eight out of 10SMSs that choke our inbox every day, promise a ‘dream home’ on the Dwarka e-way (also known as Northern Peripheral (NPR) Expressway). But this area, too, has its own share of problems.]]></description>
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            <title><![CDATA[MagicBricks PropIndex Rises 3%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11628</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 31 Aug 2011 06:52:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- The first MagicBricks PropIndex, featuring apartment properties from across eleven cities in the country, is up 3% in April-June 2011 quarter. This index is an aggregation of price and supply trends across eleven cities across the country and is based on data collected from the back-end of property website. The increase in the index reflects the weighted average of rising and falling supplies and prices across the cities.]]></description>
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            <title><![CDATA[Healthy growth -Office space absorption is on the rise, says a new report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11627</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 31 Aug 2011 06:51:31 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sustained economic growth and robust expansion plans of most leading corporates contributed to a healthy growth in office absorption figures across all major cities, according to a new report from C B Richard Ellis. The Market View India Office Q2 report states that the second quarter of 2011 witnessed absorption of close to 8 million sq ft of office space across the leading seven cities in the country, compared to absorption of almost six million sq ft in the previous quarter. NCR, Mumbai, Bangalore and Chennai were the leading cities; accounting for almost 80% of the entire space getting absorbed in the country. Transaction activity was relatively higher in the SEZ space in South India, whilst Mumbai and NCR witnessed enhanced take-up of corporate office and STPI stock. Limited transaction activity was observed in the Central Business District (CBD) of Nariman Point with absorption recorded at around 75,000 sq ft. Rental values continued to remain stable during this quarter.]]></description>
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            <title><![CDATA[Emaar MGF told to Pay 217 cr for Construction Violations at CWG Village]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11626</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 31 Aug 2011 06:50:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- Move aimed at providing completion certificate and enabling immediate occupancy for buildings’ 450 flat owners. The Delhi Development Authority, or DDA, the nodal land development agency for the national capital, has charged Emaar MGF . 217 crore, including penalties, for regularising the excess construction carried out by the firm at the Commonwealth Games Village. The move is aimed at providing completion certificate and enabling immediate occupancy for the buildings’ 450 flat owners.]]></description>
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            <title><![CDATA[Unitech to Sell Non-core Assets to Pay off Debt -Company plans to reduce debt by 10-15% every year through sale of assets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11625</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 31 Aug 2011 06:49:24 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate firm Unitech will sell non-core assets such as land, IT parks and SEZs to pay off its debt, which currently stands at . 5,300 crore. In a rare interview Unitech managing director Ajay Chandra said the company, India’s second biggest real estate company after DLF, has also managed to tie-up debt of about . 550 crore from two public sector banks in the last few months, after facing significant debt financing crisis in the last six months.]]></description>
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            <title><![CDATA[Online booking for properties picking up: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11624</link>
			<source>Indian Express</source>
			<pubDate>Wed, 31 Aug 2011 06:48:19 +0530</pubDate>
			<description><![CDATA[Indian Express- A large number of people in the city have been showing keen interest in booking their properties through an online mode. A virtual realty fair, e-profest, which is promoted by the Confederation of Real Estate Developers Association of India (CREDIA), has seen a good response with over 3,000 people registering to buy properties across the city in recent times.]]></description>
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            <title><![CDATA[Construction Week Awards 2011 winners announced]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11623</link>
			<source>Construction Week</source>
			<pubDate>Wed, 31 Aug 2011 06:47:10 +0530</pubDate>
			<description><![CDATA[Construction Week- Construction Week India announced the winners and runner up for its inaugural Construction Week Awards 2011 on the eve of August 26 in Mumbai. Top builders, developers, realtors and infrastructure companies were honoured through 24 awards under various categories. Some of the biggest names in the industry which included Punj Lloyd, HCC, GMR, Marg Group, Ramky Infrastructure, Tata Housing, Godrej Properties, Nitesh Estates, Shobha Developers besides others gathered at the award night to celebrate excellence in nation building.]]></description>
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            <title><![CDATA[MCC teams up with UK firm to build cricket communities in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11622</link>
			<source>The Guardian</source>
			<pubDate>Wed, 31 Aug 2011 06:45:42 +0530</pubDate>
			<description><![CDATA[The Guardian- The seeds of India&#039;s passion for cricket were planted by the first visit of the Marylebone Cricket Club in 1926, when the team played first class games against sides as varied as the Bombay Presidency, the Parsees and the Muslims and Rangoon Gymkhana. Eighty-five years later, a British company is teaming up with the MCC to bring another cricketing revolution to the subcontinent – by designing 12 communities based around cricket fields.]]></description>
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            <title><![CDATA[RBI draft norms take India Inc closer to banking dream]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11621</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 31 Aug 2011 06:44:24 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- India Inc moved a step closer to realising its ambition of setting up a bank. Captains of corporate houses will soon be closeted with their finance heads to study the Reserve Bank of India&#039;s draft guidelines, and whether the eligibility criteria regarding exposure to real-estate and brokerages, among others, would be a dampener.]]></description>
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            <title><![CDATA[Zell to Expand in Colombia, India While Limiting U.S. Investing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11620</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 31 Aug 2011 06:43:09 +0530</pubDate>
			<description><![CDATA[Bloomberg- Billionaire Sam Zell said he is entering the real estate markets in Colombia and India in the next two weeks as he continues to favor international investments over U.S. property deals. Zell, chairman of Chicago-based Equity International, will invest in real estate in Colombia and will eventually move on to residential projects, he said in an interview today on Bloomberg Television. In India, he plans to open hotels.]]></description>
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            <title><![CDATA[Five firms&#039; accounts to be frozen in 2G scam probe]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11619</link>
			<source>Business Standard</source>
			<pubDate>Wed, 31 Aug 2011 06:42:15 +0530</pubDate>
			<description><![CDATA[Business Standard- The Enforcement Directorate on Tuesday ordered freezing of bank accounts and attachment of immovable properties worth Rs 223 crore, of five companies, in connection with the alleged bribe of Rs 200 crore paid to Kalaignar TV in the 2G spectrum allocation scam. The value of properties attached of these companies are Dynamix Realty (Rs 134 crore), Conwood Construction and Developers (Rs 22 crore), Nihar Constructions (Rs 1.10 crore), DB Realty (Rs 52 crore) and Eversmile Construction Company (Rs 13 crore).]]></description>
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            <title><![CDATA[TNHB to build over 2,000 housing units]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11618</link>
			<source>Business Standard</source>
			<pubDate>Wed, 31 Aug 2011 06:41:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Tamil Nadu Housing Board plans to construct 723 flats at Chennai, 16 at Salem, 566 houses at Kancheepuram, Vilupuram, Erode, Kottagoundampatti in Salem district, Kalapatti in Coimbatore district, Jettihally in Dharmapuri and Tenkasi in Tirunelveli. It would also develop 1,122 plots at Alappakam in Kancheepuram district, Cuddalore, Ariyalur, Palayampatti in Virudhunagar district, Andipatti in Theni district, Thoppur in Madurai district and Ramanathapuram. The total cost of developing the above 2,427 housing units is around Rs 340 crore.]]></description>
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            <title><![CDATA[London Luxury-Home Prices Rise the Most in Nine Months]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11617</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 31 Aug 2011 06:39:18 +0530</pubDate>
			<description><![CDATA[Bloomberg- Luxury-home prices in central London climbed the most in nine months in August, Knight Frank LLP said, as the increasing risk of a global recession prompted investors to seek a haven for their wealth. Values of houses and apartments costing an average of 3.7 million pounds ($6 million) rose 10.5 percent in the 12 months through August, according to a report released today by the London-based real-estate broker. That&#039;s the most since November, when there was an 11.2 percent increase.]]></description>
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            <title><![CDATA[Commercial realty rentals plunge in Mumbai &amp; NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11616</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 31 Aug 2011 06:38:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Rentals in commercial real estate still remain sluggish in Mumbai and Delhi with huge unutilised office space in these markets and companies scouting for better deals on rentals offered by developers.
The rentals in the National Capital Region (NCR) and Mumbai in the second quarter of the calendar year are back to mid-2006 levels, according to data compiled by CB Richard Ellis. “The fall in rental in Delhi from 2007 to Q2 of 2011 has been approximately 3-20%, depending upon the location. In Gurgaon, it has been between 10% and 25%, while in Noida, it it 6-7%. In Mumbai, on an average, the rentals fell by around 40% to 45% since 2008,” says CB Richard Ellis CMD Anshuman Magazine.]]></description>
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            <title><![CDATA[DLF again found guilty of abusing dominance]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=11615</link>
			<source>Business Standard</source>
			<pubDate>Wed, 31 Aug 2011 06:36:58 +0530</pubDate>
			<description><![CDATA[Business Standard- A fortnight after penalising DLF with a hefty sum of Rs 630 crore, the Competition Commission of India (CCI) today in another case directed the company to stop formulating and imposing unfair conditions in its agreements with home buyers but did not impose any fine in this case. After examining a complaint filed by the Park Place Residents&#039; Association in Gurgaon, the competition watchdog found DLF guilty of abusing its dominant market position and aske
