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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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
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            <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>
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            <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>
			</item><item>
            <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>
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            <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>
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            <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>
			</item><item>
            <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>
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            <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>
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            <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>
			</item><item>
            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
			</item><item>
            <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>
			</item><item>
            <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>
			</item><item>
            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
			</item><item>
            <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>
			</item><item>
            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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>
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            <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 devel
