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            <title><![CDATA[ArcelorMittal to raise steel prices by 10%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6590</link>
			<source>livemint</source>
			<pubDate>Thu, 29 Jul 2010 06:30:41 +0530</pubDate>
			<description><![CDATA[livemint- ArcelorMittal, the world&#039;s largest steel maker, said it is going to increase its prices for steel by 10% this year, even as it expects steel demand to weaken throughout most of the world. The announcement came as the company swung to a net profit in the second quarter on a slow recovery in demand but said the third quarter will be hit by a seasonal dip in demand and economic slowdown in China.]]></description>
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            <title><![CDATA[How real estate investments will shape up under DTC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6589</link>
			<source>livemint</source>
			<pubDate>Thu, 29 Jul 2010 06:29:04 +0530</pubDate>
			<description><![CDATA[livemint- The existing tax laws  listed out the several benefits on “income from house property“ that are available for an individual under the current Income-tax Act. Ranging from deduction of municipal taxes, standard deduction of 30% on gross rent to deduction of interest related to the pre-construction period and annual interest on loan paid during the fiscal year. Though, on the face of it, the distinction between a short-term investment asset and long-term investment asset has been done away with under the proposed DTC, but for computation of capital gains, indexation will be available for assets acquired any time after one year from the end of the fiscal year. This provision, therefore, reduces the life of long-term assets from 36 months under the Income-tax Act to a maximum of two years under the proposed DTC and, ac- cordingly, provides early benefit of indexation.]]></description>
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            <title><![CDATA[US consumer confidence dims, home prices advance in May]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6588</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Jul 2010 06:26:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- US consumer confidence sank in July to its lowest since February on job market worries, underscoring the slow path to economic recovery, and home prices rose in May but without signs of a sustained rebound, reports released on Tuesday showed. May is a strong seasonal period for home sales, S&amp;P said, and buyers who rushed to sign contracts by the April 30 deadline for up to $8,000 in tax credits have until Sept. 30 to close loans.]]></description>
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            <title><![CDATA[Unitech offers to acquire London-listed group firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6587</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Jul 2010 06:23:41 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty major Unitech said it has offered to acquire London-listed Unitech Corporate Parks through an all cash deal worth nearly Rs 700 crore, which is 22 per cent more than the current market valuation. UCP, which was formed in late 2006 by Unitech, among others, to invest in Indian commercial real estate, had raised 360 million pounds through listing at London Stock Exchange&#039;s (LSE) AIM market. It had bought 60 per cent stake in the six commercial projects, being developed by Unitech in the National Capital Region and Kolkata. Under the terms of the possible offer, Unitech said the consideration would comprise 31 pence in cash in respect of each UCP share. The offer represents a premium of 22.8 per cent to the closing middle market price of 25.25 pence per UCP share on July 26.]]></description>
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            <title><![CDATA[3.75L city buildings evade tax net]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6586</link>
			<source>The Times of India</source>
			<pubDate>Thu, 29 Jul 2010 06:21:27 +0530</pubDate>
			<description><![CDATA[The Times of India- Property owners are playing a hide-and-seek game with Chennai corporation and there are no prizes for guessing who the winner is. According to rough estimates, at least 3.75 lakh buildings in the city have escaped the property tax net, even as the civic body has got cracking on the commercial use of residential buildings that evade property tax. According to urban planners’ estimates, a city of 50 lakh populace would have at least 10 lakh dwelling units. But Chennai Corporation’s records show only 6.26 lakh properties.]]></description>
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            <title><![CDATA[Core infra industries grow by 3.4%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6585</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 29 Jul 2010 06:19:10 +0530</pubDate>
			<description><![CDATA[The Financial Express- Growth in key infrastructure sectors slowed to 3.4 per cent in June, the lowest performance in 10 months, prompting economists to hint that robust industrial expansion may drop to single digit. The six infrastructure industries, with 26.7 per cent weight in the total factory output, saw its pace slowing down in June under the impact of a sharp decline in output growth in cement, electricity and coal.]]></description>
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            <title><![CDATA[Unitech to buy Corporate Parks, likely to list it in Singapore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6584</link>
			<source>DNA</source>
			<pubDate>Thu, 29 Jul 2010 06:11:35 +0530</pubDate>
			<description><![CDATA[DNA- Unitech Ltd, India’s second-largest realtor according by market capitalisation, plans to buy 94.5% stake in Unitech Corporate Parks Plc (UCP), which is listed on the Alternative Investment Market of the London Stock Exchange.]]></description>
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            <title><![CDATA[Prestige to promote Rs 1,000 crore project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6583</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Jul 2010 06:10:22 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Bangalore-based group has joined hands with the Rattha group to develop a residential project in Chennai /&quot;THE project, to be completed in 4 years, will be a landmark development in Chennai&quot; Irfan Razack CMD, Prestige Group has joined hands with the Rattha Group in Chennai for developing an integrated residential township project in Chennai.]]></description>
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            <title><![CDATA[Sheth Developers plan mega mall in Thane]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6582</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Jul 2010 06:09:17 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Spread over 1 million sq ft, the mall boasts of a multiplex with 14 screens, seven large anchors, along with a gaming zone Sheth Developers has signed up with the Raheja Group to set up Shoppers Stop and Hyper City within the mall]]></description>
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            <title><![CDATA[Sabari to invest Rs 200 cr in hotel projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6581</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Jul 2010 06:08:15 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The group&#039;s JV with TKN Eco Farm, Palanquin, will provide the entire gamut of wedding-related services including a honeymoon package &quot;EACH project will cost Rs 60-70 crore with every room requiring an investment of Rs 50 lakh&quot; KRV Ramani CMD, Sabari Group]]></description>
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            <title><![CDATA[THE GOLD RUSH]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6580</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Jul 2010 06:07:14 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Limited availability and high cost of land parcels in the central business district areas is fuelling creation of IT parks in suburban and peripheral business zones According to a study, about 60 million sq ft of office space across the eight major cities is expected to be completed in 2010]]></description>
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            <title><![CDATA[Interview Real estate prices rising due to excess liquidity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6579</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 29 Jul 2010 06:06:07 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- THE RBI is sure the liquidity and demand pressures will make bank credit dearer and if sectors like real estate witnesses abnormal price hikes, it would use a combination of tools, including provisioning for lending.RBI deputy governor Subir Gokarn speaks to Manju AB and Sneha Shah about the policy action and its implications.]]></description>
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            <title><![CDATA[New norms may delay projects: Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6578</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 29 Jul 2010 06:04:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers Association of India, while welcoming, in principle, the proposed law to regulate the sector, has objected to the move to load most of the accountability on to the developers while leaving out the other stakeholders. The provisions, if implemented in the present form, would only add to the delay and cost of implementing construction projects, it says.]]></description>
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            <title><![CDATA[Sale of residential property to entail less capital gains this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6577</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 29 Jul 2010 06:02:39 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- If you are selling a house this financial year, you will pay less as capital gains than you would have had if you sold it last year.This is because the Central Board of Direct Taxes (CBDT) has specified a new value for the cost inflation index for 2010-11. This benefit of indexation applies to residential properties held for more than 36 months.
The cost inflation index last year was ‘632&#039;, this year it is ‘711&#039;. There has been a larger increase in the index this year, primarily because consumer prices have risen faster. A higher index leads to a lower capital gains tax and the indexation benefit is given because the Government wants to neutralise inflation.]]></description>
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            <title><![CDATA[Unitech mulls ‘possible offer&#039; for AIM-listed Unitech Corp Parks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6576</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 29 Jul 2010 06:01:06 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate company Unitech Ltd said, on Wednesday, it is considering a “possible offer” to acquire Unitech Corporate Parks, which is listed on the Alternative Investment Market of the London Stock Exchange.]]></description>
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            <title><![CDATA[DB Realty bags deal to redevelop 57 acres at Bandra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6575</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 29 Jul 2010 06:00:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mumbai-based real estate developer DB Realty has received a ‘Letter of Intent&#039; from the Government of Maharashtra to develop Sector J of Government Colony, totalling about 57 acres, at Bandra (East) here.]]></description>
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            <title><![CDATA[Relief for home buyers as HC stays service tax on buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6574</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Jul 2010 05:58:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a reprieve for home buyers and real estate developers, the Bombay High Court has granted an interim stay on service tax levied by the Union Government on buildings under construction]]></description>
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            <title><![CDATA[Pvt realtors ready to build 1.6-lakh affordable homes in Thane]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6573</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Jul 2010 05:57:37 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private developers have evinced interest to construct 1.60 lakh affordable homes in the neighbouring suburb of Thane, developers&#039; body, Maharashtra Chamber of Housing Industry (MCHI) said today.]]></description>
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            <title><![CDATA[Scaling up infrastructure investments in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6572</link>
			<source>Construction Week</source>
			<pubDate>Thu, 29 Jul 2010 05:56:28 +0530</pubDate>
			<description><![CDATA[Construction Week- In emerging economies like India, infrastructure development is a priority as we attempt to compete in the international economic arena. Traditionally, the state assumed the responsibility of funding infrastructure projects. Today, India is on the brink of a new era in project financing and infrastructure project development.]]></description>
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            <title><![CDATA[Real Estate in Emerging Economies Outperforms Eurozone and UK; U.S. Outlook Improves]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6571</link>
			<source>Property Wire</source>
			<pubDate>Thu, 29 Jul 2010 05:55:14 +0530</pubDate>
			<description><![CDATA[Property Wire- Property markets in the more dynamic economies of South America, Asia and Eastern Europe are outperforming those in the United Kingdom and Eurozone, according to the RICS Global Commercial Property Survey for the second quarter.The Survey suggests that real estate performance in the United States has shown a marked improvement while in Latin America the commercial property market continues its bull run.]]></description>
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            <title><![CDATA[&#039;Hike in key policy rates won&#039;t affect realty sector&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6570</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Jul 2010 05:53:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty consultants and developers say that the hike in key policy rates by the Reserve Bank will not have a significant impact on the property sector.&quot;The rate hike is on expected lines. Policy rates have been raised primarily to control inflation. We will have to wait and watch for commercial banks, although we expect that there will be no increase in home loan rates,&quot; DLF Group chairman Rajeev Talwar told PTI.]]></description>
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            <title><![CDATA[Unitech offers to acquire London-listed group firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6569</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 29 Jul 2010 05:52:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- Realty major Unitech today said it has offered to acquire London-listed Unitech Corporate Parks through an all cash deal worth nearly Rs 700 crore, which is 22 per cent more than the current market valuation.]]></description>
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            <title><![CDATA[1 lakh tourists for Games. Really?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6568</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 28 Jul 2010 06:32:10 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- RESEARCH FINDINGS Bangalore NGO claims government grossly exaggerated figures to benefit real estate, hospitality sector. The official estimates of tourist arrivals and requirement for hotel rooms during the Commonwealth Games are grossly exaggerated, a new research has said. Bangalore-based NGO Equtable Tourism has alleged that the bumped up numbers and the projected requirement for tourism infrastructure was just to benefit the real estate and hospitality sectors, which enjoyed tax holidays, discounted land rates and other incentives, in the name of the Games.]]></description>
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            <title><![CDATA[Domestic retail giants await FDI in multi-brand chains]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6567</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 28 Jul 2010 06:30:06 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The government&#039;s proposal to allow foreign direct investment (FDI) in multi-brand retail may have prompted strong opposition from many quarters, but large domestic retailers, keen to tap new sources of funds, aren&#039;t complaining. Several domestic retail chains had to slow down their original plans to open large format stores as the global economy plunged into recession, sharply reducing new fund avenues.]]></description>
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            <title><![CDATA[Paper trail during property purchase]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6566</link>
			<source>livemint</source>
			<pubDate>Wed, 28 Jul 2010 06:28:03 +0530</pubDate>
			<description><![CDATA[livemint- When something costs as much as a house in India, and that something has traditionally been the major subject matter of litigations in the country, getting the paperwork right is the smartest thing you can do.
Here is a chain of processes and documents that stand between you and your house be- fore it can be truly yours. Agreement to sell After you settle on price, the first step is to formalize the ar- rangement and sign an agreement, be it primary or secondary sale. And this happens through the buyer-seller agreement. You write the de- tails around the purchase and payment schedule, the most important being the amount to be paid to the seller or developer. Knowas “consideration“, it includes details of due dates of payments. When you mention the consideration, you need to mention the earnest money, or token money, that has been paid and the subsequent payments in future along with the total price. It is important to mention a date by which you will pay the seller the entire price of the proper- ty. In case you fail to pay by this date, the seller is free to sell the property to someone else and you stand to lose your earnest money. A clause mentioning the termination of contract may force you to forfeit the money given as booking amount. Apart from the consideration, the agreement also includes the size of the apart- ment, location of the property, delivery or the completion date of the property (if it is a housing project), details of seller and buyer. If you have borrowed money from a bank, the lending institution keeps the original copy of sale deed and hands over a copy to you.]]></description>
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            <title><![CDATA[Home, car loans to get costlier, signals RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6565</link>
			<source>The Times of India</source>
			<pubDate>Wed, 28 Jul 2010 06:24:22 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India&#039;s decision on Tuesday to increase two key policy rates, is expected to contain inflation and is bound to hike the cost of funds for banks. With inflation hovering at over 10%, the RBI in its quarterly review of the credit policy increased the repo rate (the rate at which it lends short-term to banks) by 0.25 percentage points to 5.75% and the reverse repo rate (at which it accepts short-term funds from banks) by 0.50 percentage point to 4.50%. This, bankers say, could lead to a rise in interest rates, including on home and car loans, although not immediately.]]></description>
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            <title><![CDATA[Sunteck Realty buys land in Mumbai suburb for Rs150 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6564</link>
			<source>livemint</source>
			<pubDate>Wed, 28 Jul 2010 06:21:38 +0530</pubDate>
			<description><![CDATA[livemint- Sunteck Realty Ltd, which is k on a land acquisition streak, has bought a 6-acre plot for Rs150 crore in Goregaon, a Mumbai suburb, and is in the process of buying 2 acres more adjoining the property for a single, mixed-development project. The firm, which is developing nearly 70% of its projects with the Ajay Piramal group through their joint venture Piramal Sunteck Realty Pvt. Ltd, concluded the transaction recently after a six-month-long negotiation. The deal was struck through Sunteck&#039;s subsidiary Skystar Buildcon Pvt. Ltd.]]></description>
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            <title><![CDATA[US home sales rebound strongly in June, inventory at 42-yr low]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6563</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Jul 2010 06:19:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Sales of new US single-family homes rebounded strongly in June from the prior month’s record low, pushing the number of houses on the market to the lowest level in nearly 42 years. But downward revisions to sales estimates for April and May contained in the report on Monday left in place a picture of a weak housing market and perceptions that economic growth moderated somewhat in the second quarter. New home sales vaulted 23.6% to a 3,30,000 unit annual rate, the commerce department said. Still, the sales pace last month was the second lowest since records started in 1963.]]></description>
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            <title><![CDATA[Banks in no hurry to increase interest rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6562</link>
			<source>livemint</source>
			<pubDate>Wed, 28 Jul 2010 06:17:31 +0530</pubDate>
			<description><![CDATA[livemint- The Reserve Bank of India (RBI) on Tuesday raised its policy rates to make money more expensive and fight rising inflation in an economy that has recovered from the impact of 2008 global credit crunch. The central bank also raised its projection for economic growth to 8.5% from 8% in April. It raised the repo rate--at which it lends to commercial banks--by 25 basis points (bps) to 5.75%. The reverse repo rate--or the rate at which banks park excess cash with RBI--has been raised by 50 bps to 4.50%. One basis point is one-hundredth of a percentage point.]]></description>
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            <title><![CDATA[Loss-hit Dubai co seeks nod to exit DLF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6561</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Jul 2010 06:15:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- DLF Limitless Developers has approached the government to allow its Dubai-based co-promoter Limitless to repatriate its Rs 200 crore investment in the company by selling the entire stake to the Indian partner. Hit by global downturn, Limitless, a part of Dubai government-owned Dubai World, proposes to sell its 50 per cent stake in the joint venture to DLF at a discount of Rs 10 crore. As per the current FDI policy for real estate, there is a lock-in period of three years for foreign funds. Foreign investor can exit before the stipulated period only with the prior approval of the Foreign Investment Promotion Board (FIPB).]]></description>
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            <title><![CDATA[RBI worried over rising housing prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6560</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Jul 2010 06:13:48 +0530</pubDate>
			<description><![CDATA[The Financial Express- The rapid rise in housing prices could spike general price levels and pose a danger to financial stability, the Reserve Bank said today, ahead of its quarterly review tomorrow. However, the prices in the housing sector remained flat during the last quarter of 2009-10, the central bank said, adding that housing prices displayed subdued momentum in several cities, mostly due to concerns of high valuations and the volatile stock market during the period. Among major cities, prices of real estate (housing) increased by 27 per cent in the fourth quarter of 2009-10, while the rate of growth in Mumbai was a mere 1 per cent.]]></description>
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            <title><![CDATA[&#039;RBI rate hike won&#039;t hit property sector&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6559</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 28 Jul 2010 06:11:43 +0530</pubDate>
			<description><![CDATA[The Financial Express- Realty consultants and developers say that the hike in key policy rates by the Reserve Bank will not have a significant impact on the property sector. In the first quarterly review of the monetary policy, the apex bank raised the rate at which it lends to banks by 25 basis points and the rate at which it borrows from banks by 50 basis points. The move, according to many, will have an upward bias on interest rates.]]></description>
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            <title><![CDATA[Trajectory of Flourishing Real Estate in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6558</link>
			<source>Stock Markets Review</source>
			<pubDate>Wed, 28 Jul 2010 06:04:01 +0530</pubDate>
			<description><![CDATA[Stock Markets Review- The real estate in India is at its best post recession and is gearing up to achieve unprecedented heights. The blissful times of 2007 will be back soon when quality constructions of international standards will be a norm; when property prices will spiral up higher and when the skyline of India will change. Everyone is going to witness a new India in few years in terms of real estate- developed, affluent and growing.]]></description>
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            <title><![CDATA[Now, get ready to pay fatter EMIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6557</link>
			<source>The Times of India</source>
			<pubDate>Wed, 28 Jul 2010 06:02:55 +0530</pubDate>
			<description><![CDATA[The Times of India- Your Equated Monthly Instalments (EMIs) are bound to go up soon. Though not sure how soon it will happen, senior bankers and financial experts say the RBI policy review on Tuesday clearly indicates that interest rates — both deposit and lending — are set to rise.]]></description>
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            <title><![CDATA[Real Estate Round Up - July 12 to July 16, 2010]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6556</link>
			<source>India Infoline News Service</source>
			<pubDate>Wed, 28 Jul 2010 06:01:46 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- Towns and cities in the country are growing by default rather than by design, leading to unplanned development and growth of slums in urban areas]]></description>
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            <title><![CDATA[Act could hike hsg prices by Rs 300 per sq ft]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6555</link>
			<source>The Times of India</source>
			<pubDate>Wed, 28 Jul 2010 06:00:11 +0530</pubDate>
			<description><![CDATA[The Times of India- The Confederation of Real Estate Developers&#039; Associations of India has expressed reservations about the proposed Model Real Estate (Regulation of Development) Act in its present form, saying it could lead to an escalation of prices of housing stock in the country by Rs 300 per sq ft. The bill would be placed before Parliament soon.]]></description>
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            <title><![CDATA[DLF seeks Indian partner for insurance JV]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6554</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 28 Jul 2010 05:58:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- India’s largest real estate firm DLF is likely to bring in a strategic Indian investor in DLF Pramerica Life Insurance, its insurance joint venture with US-based Prudential International Holdings.]]></description>
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            <title><![CDATA[RBI hikes policy rates, but EMIs stay same for now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6553</link>
			<source>DNA</source>
			<pubDate>Wed, 28 Jul 2010 05:57:45 +0530</pubDate>
			<description><![CDATA[DNA- The Reserve Bank of India (RBI) on Tuesday increased two key policy rates in a move to curb rising inflation. It increased the repo rate by 25 basis points (100 basis points make one percentage point, or 1%) and reverse repo rates by 50 basis points]]></description>
			</item><item>
            <title><![CDATA[RBI concerned over rising housing prices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6552</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Jul 2010 06:30:56 +0530</pubDate>
			<description><![CDATA[Business Standard- The rapid rise in housing prices could spike general price levels and pose a danger to financial stability, the Reserve Bank of India (RBI) said today, ahead of its quarterly review tomorrow.]]></description>
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            <title><![CDATA[NYCEDC inducts Pradeep Jain, Chairman, Parsvnath Developers as new member of New York City Financial Services Advisory Committee]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6551</link>
			<source>indiaPRwire</source>
			<pubDate>Tue, 27 Jul 2010 06:29:44 +0530</pubDate>
			<description><![CDATA[indiaPRwire- In yet another milestone for Indian Real Estate Industry and Indian Entrepreneurs, Mr. Pradeep Jain, Chairman, Parsvnath Developers Limited has been inducted in the New York City Financial Services Advisory Committee of NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION (NYCEDC). NYCEDC formed this Advisory Committee to foster dialogue between senior private sector leaders and the Bloomberg Administration on the critical issues affecting New York City&#039;s financial industry through roundtables and forums. This Committee consists of selected leaders from]]></description>
			</item><item>
            <title><![CDATA[Twin levies hit home sales, registrations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6550</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Jul 2010 06:27:56 +0530</pubDate>
			<description><![CDATA[Business Standard- It’s turning into a battle between property developers and home buyers in Maharashtra, as the two argue over who will pay the service tax and the recently-imposed value added tax (VAT). The twin blow is holding up a large number of property registrations across the state, say top realty brokers and developers.]]></description>
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            <title><![CDATA[Residents to pool money, build their own homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6549</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 27 Jul 2010 06:26:43 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- As the realty rates soar making homes unaffordable, a group of housing activists have taken an initiative to construct low-cost houses using the old model of cooperative society. Under the four-decade-old model, a group of people come together, pool in money and build houses themselves. The first project will be launched on August 15 in Vasai under the banner of Affordable Housing Welfare Organisation Of India (AHWOI).]]></description>
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            <title><![CDATA[Limitless Group may exit from DLF special purpose vehicle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6548</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 27 Jul 2010 06:25:33 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- DLF Limitless Developers — a 50:50 JV between Indian real-estate major DLF and Dubai-based Limitless Group — has sought the Government&#039;s approval for transfer of entire holding of the foreign investor in the SPV, to DLF Home Developers Ltd.]]></description>
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            <title><![CDATA[Rising realty may add to inflationary pressure: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6547</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 27 Jul 2010 06:24:30 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The sustained and rapid rise in housing prices continues to be an area of concern as it may add to the demand-push inflation, said the Reserve Bank of India, in the Macroeconomic and Monetary Developments First Quarter Review, released on Monday.]]></description>
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            <title><![CDATA[New Gurgaon colonies may get bigger]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6546</link>
			<source>The Times of India</source>
			<pubDate>Tue, 27 Jul 2010 06:24:28 +0530</pubDate>
			<description><![CDATA[The Times of India- Residential areas are set to get bigger in new sectors coming up in Gurgaon.The proposal has been given in the new draft development plan 2025 of Gurgaon-Manesar Urban Complex,which will be prepared to cater to the needs of the projected population of 39.7 lakh with more open spaces,while the earlier master plan 2021 was aimed at 37 lakh of population. Since some new features have added in the proposed plan,the area has also been extended. Now,the plan would cover an area of 37,314 hectares instead of earlier 37,069 hectares.It would include an area of 15,009 hectares for residential purposes.Earlier,the area earmarked for residential sector was 14,930 hectares.]]></description>
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            <title><![CDATA[New ECB norms to help big realty borrowers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6545</link>
			<source>Business Standard</source>
			<pubDate>Tue, 27 Jul 2010 06:23:23 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate companies with large fund requirements will benefit the most from the easing of external commercial borrowing (ECB) norms as interest rate charged is lower in case of external borrowings in comparison to rates charged by domestic institutions.]]></description>
			</item><item>
            <title><![CDATA[DLF, Unitech, Emaar &amp; Ansal plan to launch Rs 2 cr plus homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6544</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Jul 2010 06:20:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand.]]></description>
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            <title><![CDATA[Banks&#039; NPAs at alarming level, real estate a worry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6543</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Jul 2010 06:19:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Non-performing assets (NPAs) in commercial banks have gone up to an alarming level, most of it caused due to restructuring of loans to the real estate and textile sectors. The government may further tighten financing to real estate businesses to avoid the possibility of an asset bubble. .]]></description>
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            <title><![CDATA[A service for HNI real estate investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6542</link>
			<source>livemint</source>
			<pubDate>Tue, 27 Jul 2010 06:18:17 +0530</pubDate>
			<description><![CDATA[livemint- The woes of the rich don&#039;t seem to end. Once you&#039;ve made that pile of money, investing it becomes an issue. Stocks, gold or real estate? For those who like the return multiplier given by real estate, a new problem soon rears its head: How to take care of all the real estate that is part of the portfolio? The problem gets specially acute if the property is outside the city of residence of the investor. The one deterrent for the real-estate-investing high networth investor (HNI) is the manage- ment of various pieces of property. From maintainance to finding a tenant, to getting rent on time and keeping track of the paperwork, managing a property in a location outside of the city of residence--the nitty gritty work takes the buzz out of the real estate multiplier that gives the portfolio such a great returns kick. But where there is a gap, there is usually an entrepreneur willing to take on the work. For a fee. Enter property management services aimed at HNIs with real estate firms and consultants lining up to offer these services.]]></description>
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            <title><![CDATA[US home sales rebound strongly in June]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6541</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Jul 2010 06:18:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Sales of new US single-family homes rebounded strongly in June from the prior month&#039;s record low, driving the number of houses on the market to its lowest level in nearly 42 years.]]></description>
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            <title><![CDATA[Delhi most sought after by Indian buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6540</link>
			<source>The Move Channel</source>
			<pubDate>Tue, 27 Jul 2010 06:16:51 +0530</pubDate>
			<description><![CDATA[The Move Channel- Delhi is the most popular place in India to buy a property with most buyers looking for a place to live rather than for investment, according to a new survey.Some 34% of buyers are looking to buy a flat in Delhi, 28% are looking at Mumbai and 11% each opting for Bangalore and Hyderabad, the survey from the Confederation of Real Estate Developers Association of India (CREDAI) shows.]]></description>
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            <title><![CDATA[Plotting a green footprint for commercial buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6539</link>
			<source>livemint</source>
			<pubDate>Tue, 27 Jul 2010 06:16:15 +0530</pubDate>
			<description><![CDATA[livemint- Five years from now, most new buildings will consume much less energy. This is because in three years, they will be mandated to com- ply with India&#039;s new mission on building sustainable habi- tats in cities and urban centres, especially the large com- mercial buildings.
But if current trends are an indication, developers, builders and consumers are not averse to the idea, and are actually complying voluntarily. The Indian Green Building Council (IGBC) has registered 674 green buildings so far. To be sure, green buildings as a share of total built-up space are estimated to be less than 5%. There is no official estimate and Mint could not inde- pendently ascertain this. The change This business-as-usual approach is set to change with the introduction of the Mission on Sustainable Habitat. Within three years, ECBC will be made mandatory for commercial buildings. However, experts and officials argue that the transition will not be easy.]]></description>
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            <title><![CDATA[Realty majors gung-ho on luxury homes again]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6538</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 27 Jul 2010 06:15:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- Yet another piece of the real estate market appears to be getting back in shape. After realtors focused on the affordable housing space, where demand remained reasonable when market prices crashed two years ago, they are now launching luxury homes as the segment is witnessing early signals of an upswing in demand.]]></description>
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            <title><![CDATA[Property tax hike on fast track: panel submits report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6537</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 27 Jul 2010 06:13:59 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Valuation Committee (MVC) constituted by the Delhi government to review property tax in the city has submitted its report to the Municipal Corporation of Delhi (MCD). The high powered standing committee of the MCD will take a final decision on the matter on Wednesday. On June 12, Hindustan Times  reported how people staying near Delhi Metro lines will have to pay more as property tax. According to sources, the civic agency cannot reject the committee’s suggestions as it had earlier rejected the report in 2007, making it mandatory for it to accept it now. The committee has suggested upgradation of 168 odd colonies. Currently, the areas under the jurisdiction of the MCD have been divided into eight categories, A to H.]]></description>
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            <title><![CDATA[Delays still ail realty sector, 25 projects to miss deadline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6536</link>
			<source>livemint</source>
			<pubDate>Tue, 27 Jul 2010 06:10:43 +0530</pubDate>
			<description><![CDATA[livemint- Project delays continue to dog home buyers even as builders bet big on the residential segment to steer them to recovery after the bust of 2008. Mint research shows at least 25 large residential projects in the Delhi-National Capital Region (NCR), Banga- lore, Pune and Mumbai are about 18 months behind schedule, keeping buyers wait- ing while the firms themselves get on with new projects. The project delays will only worsen the substantial inventory pile-up, which amounts to about 140 million sq. ft in the residential segment alone in Delhi-NCR. The inability of the develop- ers to complete projects has been compounded by buyers falling behind on payments and curbs on bank financing.]]></description>
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            <title><![CDATA[DLF to buy out Dubai World in JV for Rs 200 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6535</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Jul 2010 06:31:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. A wholly-owned arm of DLF will buy out the stake owned by Limitless Group, which is a part of Dubai World, for around Rs 200 crore, a person with direct knowledge of the transaction said. Dubai World is the investment vehicle of the Dubai government. When contacted, DLF spokesman declined to comment on the development.]]></description>
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            <title><![CDATA[Real estate cos to post mixed trend in June qtr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6534</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Jul 2010 06:30:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Indian mid-cap real estate firms are expected to post a mixed trend as spiralling prices hit affordability and new launches tapered in the April-June quarter. A Reuters&#039; poll of brokerages estimates Anant Raj Industries to post a 47.79 percent fall in net profit, Housing Development and Infrastructure a 49.26 percent rise and IndiaBulls Real Estate a 114.44 percent rise.]]></description>
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            <title><![CDATA[Tax code provisions will hurt SEZs: Rosaiah]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6533</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 26 Jul 2010 06:29:28 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Andhra Pradesh Chief Minister, Mr.K.Rosaiah, has called upon the Centre to extend concessions and incentives provided under the Special Economic Zones (SEZ) Act 2005 to ensure investments and foreign direct investment (FDI), even after the new Direct Tax Code (DTC) comes into effect after being passed by Parliament.]]></description>
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            <title><![CDATA[Rush for SEZs before DTC rolls out, ends tax sops]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6532</link>
			<source>Business Standard</source>
			<pubDate>Mon, 26 Jul 2010 06:28:21 +0530</pubDate>
			<description><![CDATA[Business Standard- Companies sitting on the fence are trying to see if they can use the eight-month window still available to set up units in special economic zones. Units have to come up before March 31, 2011, to avail of income-tax concessions available for SEZ units.]]></description>
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            <title><![CDATA[Home loan: Some significant clauses you should understand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6531</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Jul 2010 06:27:14 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home loan: Some significant clauses you should understand.]]></description>
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            <title><![CDATA[Tax deduction on rent paid]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6530</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Jul 2010 06:25:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- Under the Income Tax Act, individuals are allowed a deduction against expenditure incurred towards payment of rent for a house occupied by them. This is provided under Section 80GG of the Income Tax Act. The provisions enable self-employed individuals and others not in receipt of house rent allowance (HRA) to claim a deduction against the rental expenses incurred by them.]]></description>
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            <title><![CDATA[Real estate issues: Caution is needed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6529</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 26 Jul 2010 06:24:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- Last year, a group of buyers formed the Unitech Grande Buyers Association against Unitech for its project in Noida. The project which was launched in July 2007 on a 347-acre plot was positioned as an ultra- luxurious project in the National Capital Region (NCR).]]></description>
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            <title><![CDATA[Galloping prices leave RBI no choice on rate hike]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6528</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 26 Jul 2010 06:20:27 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- All eyes are on the Reserve Bank of India&#039;s (RBI&#039;s) July 27 meeting for the quarterly monetary policy review. 
As the country&#039;s inflation rate galloped to 10.55 per cent in June, up from 10.16 per cent in May, a hike in interest rates is being widely expected. A higher repo rate--the rate at RBI lends to banks--would make it costlier for banks to borrow, prompting them to charge more from final home, consumer and corporate loan borrowers.
RBI uses the reverse repo rate--the rate at which RBI borrows from banks -to withdraw excess money from the system to counter demand.]]></description>
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            <title><![CDATA[ISO certificate for green Rashtrapati Bhavan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6527</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Jul 2010 06:18:25 +0530</pubDate>
			<description><![CDATA[The Times of India- On a day when President Pratibha Devisingh Patil was celebrating the completion of her third year as the first citizen of the country,Rashtrapati Bhavan became the first urban habitat in the country to get ISO 14001:2004 certification.Under the flagship project Roshni,the estate has adopted several green and energy-efficient measures which include solar lighting, vermin composting,waste segregation and rainwater harvesting. The certification implied that all standards set by the International Organisation of Standards (ISO) for environmental management systems are in place at the 340-acre Presidents Estate.]]></description>
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            <title><![CDATA[Realty, textile sectors may add to bad loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6526</link>
			<source>livemint</source>
			<pubDate>Mon, 26 Jul 2010 06:12:02 +0530</pubDate>
			<description><![CDATA[livemint- Non-payment of restructured loans for the real estate and textiles sectors may lead to an increase in bad loans at commercial banks in the current fiscal. NPAs of commercial banks went up in the three months to June due to the same reason. Restructuring a loan involves reducing the rate of interest and giving the borrower more time to pay back. The government had to restructure the loans of textiles and real estate sectors last year due to falling demand in export and domestic markets.]]></description>
			</item><item>
            <title><![CDATA[Banks NPAs at alarming level,real estate a worry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6525</link>
			<source>The Times of India</source>
			<pubDate>Mon, 26 Jul 2010 06:06:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Non-performing assets (NPAs) in commercial banks have gone up to an alarming level,most of it caused due to restructuring of loans to the real estate and textile sectors.The government may further tighten financing to real estate businesses to avoid the possibility of an asset bubble. The tough stand of the government,if coupled with lending rate hikes by RBI which is to be announced on Tuesday,may make survival of many builders and developers difficult given the fact that they had pumped in hundreds of crores into the sector and were holding on to their stocks for lack of customers.]]></description>
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            <title><![CDATA[Amul to double its retail outlets pan-India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6524</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 26 Jul 2010 06:03:57 +0530</pubDate>
			<description><![CDATA[The Financial Express- The state&#039;s largest milk producer Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul brand of dairy products, will double it&#039;s retail outlets pan-India from existing 5,000 to 10,000 by 2012. The outlets shall be opened on franchise model.]]></description>
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            <title><![CDATA[Real estate: Ask for agreement&#039;s draft copy while booking property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6523</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 25 Jul 2010 09:54:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Last year, a group of buyers formed the Unitech Grande Buyers Association against Unitech for its project in Noida. The project which was launched in July 2007 on a 347-acre plot was positioned as an ultra- luxurious project in the National Capital Region (NCR). However, even after two years of the project’s launch, no construction had started. This is when the association came together to file a case against the developer in the consumer court as well as a criminal case with the Economic Offences Wing of the Delhi Police.]]></description>
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            <title><![CDATA[Waiting for another balancing Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6522</link>
			<source>Business Standard</source>
			<pubDate>Sun, 25 Jul 2010 09:52:27 +0530</pubDate>
			<description><![CDATA[Business Standard- The stock markets have been on a tear this week, with the Sensex closing at its highest levels in the past 30 months. There have been a lot of positives right from good results and monsoon to supportive global markets. However, one local threat has the potential to spoil the party and most people know it as inflation. Hence, all eyes are now set on the Reserve Bank of India’s credit policy meeting on July 27. There is generally a lot written in the press or discussed on business channels, but what really is the significance of this exercise and how does this affect you?.]]></description>
			</item><item>
            <title><![CDATA[Investor Attention on Goa for India Real Estate Investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6521</link>
			<source>I-Newswire.com</source>
			<pubDate>Sun, 25 Jul 2010 09:51:08 +0530</pubDate>
			<description><![CDATA[I-Newswire.com- There is no doubt that the U.S. real estate and mortgage problems of 2006 into 2010 have disturbed markets around the world. Many countries have suffered, with previously robust real estate markets languishing without international investment due to current conservative attitudes. India is no exception, with residential and commercial real estate development in India slowing during the last three years.]]></description>
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            <title><![CDATA[The Week in Review for 23 July 2010]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6520</link>
			<source>livemint</source>
			<pubDate>Sun, 25 Jul 2010 09:49:47 +0530</pubDate>
			<description><![CDATA[livemint- The terms for the goods and service tax (GST) could get diluted. On Wednesday, finance minister Pranab Mukherjee proposed a new structure for the tax that includes major concessions for the states. The concessions include imposing different tax slabs that don’t include petroleum products, alcohol, electricity, and real estate. Under Mukherjee’s proposal, starting next fiscal, there’ll be a 20% tax on goods, a 12% tax for so-called mass items, and a 16% tax on services. Those rates will then start merging until they reach a uniform 16% in three years. The GST aims to replace several indirect taxes and create a common market across the country. It’s scheduled to be rolled out on 1 April 2011]]></description>
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            <title><![CDATA[Housing project in Mumbai suburb]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6519</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 25 Jul 2010 09:48:43 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mumbai-based Neev Homes has launched Neev Bellevue at Malad-East targeting the mid-income segment in the northern suburbs.According to a press release from Neev Homes, its focus has been in the South Mumbai region so far but with the growth of the northern suburban market the company is expanding its presence.]]></description>
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            <title><![CDATA[Enough scope for small investors in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6518</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 25 Jul 2010 09:47:39 +0530</pubDate>
			<description><![CDATA[The Economic Times- In India, small real estate investors currently do not have as much scope as institutional investors. They can hold multiple properties, but banks will generally not fund beyond a second home loan.]]></description>
			</item><item>
            <title><![CDATA[Home loan: Time to shift to base rate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6517</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 25 Jul 2010 09:46:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- The interest rates in the country have started firming up with an uptrend in the growth rate of the economy. Even the Reserve Bank of India (RBI) is increasing the policy rates, which would lead to a rise in the interest rates, to contain the rising inflation in the country.]]></description>
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            <title><![CDATA[Now,Cidco gives away 500cr plot as compensation]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6516</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:40:57 +0530</pubDate>
			<description><![CDATA[The Times of India- City Industrial Development Corporation (Cidco) did in 2008 while acquiring 150 acres in Vaghivalvi village in Panvel from builder Bhupendra Shah for the proposed new international airport.As part of its 12.5% compensation policy,Cidco allotted him a prime 13-acre plot (53,000 sq m) close to the Cidco head office in Belapur,which local real estate developers say could be worth at least Rs 500 crore. Two weeks ago,the state cancelled this allotment made to Shahs company,Iraisaa Developers (more popularly known as Bhoomi Raj Developers ),and has directed Cidco to ensure that henceforth all land given as compensation be equivalent in value to the land surrendered by the owner to the government.]]></description>
			</item><item>
            <title><![CDATA[Don&#039;t go by the tag]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6515</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 24 Jul 2010 20:33:36 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Rohit Modi, director, Ashiana Homes, feels the number of cheaper flats available is higher. “Some developers have 20-to-25 per cent flats in this price range. However, the only difference is that this price is for down-payment options where you pay around 95 per cent of the total amount at the time of booking and without the extras being taken into account. Once you choose features such as preferred location or covered car parking, etc., the price may go up by 5 to 15 per cent.]]></description>
			</item><item>
            <title><![CDATA[Encumbrance certificate discloses charge on property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6514</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:32:37 +0530</pubDate>
			<description><![CDATA[The Times of India- A certificate of encumbrance is a certificate referring to charges created on a property.In case the property has been offered as a security for a loan or has been purchased with borrowed money,a charge is created in the form of an encumbrance.A property may be mortgaged as a security for any debt or obligation.The certificate discloses the encumbrance status of a property.The certificate is issued for a particular period of time and does not cover any period prior to or following the period mentioned.It is an extract of the register maintained by the sub-registrar&#039;s office,which in turn is based on the documents registered with the registrar&#039;s office.]]></description>
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            <title><![CDATA[Transfer by unauthorised person may become enforceable]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6513</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:29:23 +0530</pubDate>
			<description><![CDATA[The Times of India- Under Section 6 of the Transfer of Property Act,the general rule is that property of any kind may be transferred.The person insisting on non-transferability must prove the existence of some law or custom which restricts the right to transfer.The owner of a property may transfer it,unless there is some legal restriction preventing the transfer. However,in some cases,there may be a transfer of property by an unauthorised person who subsequently acquires interest in that property.The relevant provisions in this respect are contained under Section 43 of the Transfer of Property Act.According to the law,in case a person either fraudulently or erroneously represents that he is authorized to transfer a certain property,and transfers it for a consideration,such a transfer will continue to operate in future.It will operate on any interest which the transferor may acquire in that property.This will be at the option of the transferee.Moreover,this can be done during the time when the contract of transfer exists.It signifies principle of equity.]]></description>
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            <title><![CDATA[Regulatory Bill: CREDAI predicts price spiral]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6512</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 24 Jul 2010 20:28:13 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Calculated costs reveal that the Bill is likely to impact end-users negatively because homes will now become unaffordable , The proposed Model Real Estate (Regulation of Development) Bill to control malpractices is likely to have an extremely detrimental impact on the endconsumer as it might make housing unaffordable, says the Confederation of Real Estate Developers&#039; Association of India (CREDAI).]]></description>
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            <title><![CDATA[Lifestyle amenities vs comfortable living]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6511</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:26:18 +0530</pubDate>
			<description><![CDATA[The Times of India- Should one be carried away by lifestyle amenities like spas and swimming pools in an apartment complex or choose a project which lays more emphasis on essential features like an earthquake resistant structure,a fire escape system,easy access-and-use for the disabled,children and the elderly.]]></description>
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            <title><![CDATA[Tax benefits on home loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6510</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:23:04 +0530</pubDate>
			<description><![CDATA[The Times of India- As the deadline for filing I-T returns comes closer,home loan borrowers should be aware of the tax benefits.There are tax benefits available on home loans.The tax benefits can be claimed on both the principal and interest components of a home loan.These deductions are available to assessees who have taken a loan to either buy or build a house,under Section 24(b).The interest on borrowed capital is deductible as: If these conditions are met,interest on borrowed capital is deductible up to Rs 1.5 lakhs: Capital was borrowed on or after April 1,1999 to buy or construct a house The purchase or construction should have been completed within three years from the end of the financial year in which the capital was borrowed The bank extending the loan should certify that interest is payable on the amount advanced for the or construction of the house]]></description>
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            <title><![CDATA[Law for a regulator and transparency in realty soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6509</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:21:15 +0530</pubDate>
			<description><![CDATA[The Times of India- The housing ministry has proposed a model regulation act for the realty sector,which promises to book erring builders with fines and even imprisonment.A realtors&#039; body,however,feels that the draft law in its current form is lopsided as it does not bring under its ambit all the stakeholders,namely,local authorities,civic bodies and consumers.Shri Ram Shaw analyses the core provisions of the model act  The ministry of housing and poverty alleviation is planning to bring a model Real Estate (Regulation of Development ) Act,which may be adopted by the states and UTs to bring transparency into the realty sector.The model act,as the name suggests,proposes to lay down what is expected to be a regulation for adoption by all states within the country.The act proposes to establish a regulatory authority to control and promote construction,sale,transfer and management of colonies,residential buildings,apartments and other similar properties.]]></description>
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            <title><![CDATA[Greater Noida: New residential scheme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6508</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:19:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Greater Noida authority has launched a new residential plot scheme,with 520 plots up for grabs. After a group housing builder plot scheme,Greater Noida authority has launched a new residential plot scheme in Sector Zeta 2.Under this scheme,520 plots in the range of 70 sq m,120 sq m and 300 sq m will be allotted through lucky draws.Out of the 520 plots,half have been earmarked for the general category.Besides the plots reserved for institutional,commercial and industrial utility units,villagers whose land has been acquired by the authority,18% plots have been for SC/ST category end users.]]></description>
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            <title><![CDATA[Dramatic ceilings for office spaces]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6507</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:14:30 +0530</pubDate>
			<description><![CDATA[The Times of India- Ever been to an office,leaned back on your chair,and stretched yourself,only to stare at a white blank ceiling above Well these days more and more offices are getting to create a dramatic ceiling,commonly known as a suspended or false ceiling,either a wood panelled one,designed with arches,pillars etc,one that uses sculptured plaster of Paris,or one that uses stained glass,fitted neatly within wooden beams shaped like a roof above.Stained glass can be used to cover spaces on your ceiling corners,or those that are exposed to direct light like a skylight. Before you decide the ceiling style,you need to think whether you require a soundproof or well-insulated ceiling,or one that enhances the decor.]]></description>
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            <title><![CDATA[The bubble in the Chinese real estate market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6506</link>
			<source>livemint</source>
			<pubDate>Sat, 24 Jul 2010 20:12:02 +0530</pubDate>
			<description><![CDATA[livemint- Evaluating Conditions in Major Chinese Housing Markets By Jing Wu, Joseph Gyourko and Yongheng Deng, NBER working paper That housing booms can soon develop into bubbles and become a source of great risk to the economy has been amply proved by the financial crisis.
Everybody knows that the crisis started with a housing boom in the US. The Chinese government certainly believes that a similar bubble has developed in its country, which is why it has cracked down hard on its real estate sector. But how big is this bubble? Land values, adjusted for inflation and differences in quality, have shot up by nearly 800% since the first quarter of 2003, with half that rise occurring over the past two years. House prices, after adjusting for inflation, have increased by 225% in 35 main Chinese cities, with 60% of that, or 140 percentage points, being the increase since the first quarter of 2007. What&#039;s more, prices have increased 41% (annualized) this year. It&#039;s no surprise then that the Chinese government is so concerned about overheating in real estate.]]></description>
			</item><item>
            <title><![CDATA[Time for super luxury flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6505</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:10:11 +0530</pubDate>
			<description><![CDATA[The Times of India- A new class of high-end apartments is redefining the word &#039;luxury&#039;with builders now talking about beauty parlours and bowling alleys,private cinema halls and personal swimming pools in &#039;smart homes&#039;. At a time when talking and taking up the cause of affordable homes has become a trend,luxury housing is also not lagging behind in any respect in the metros and other big cities of the country.
A new class of high-end apartments is redefining the word &#039;luxury&#039;.Having pool and a gym in an apartment complex used to be something to write about.Not anymore.Now,builders are talking about beauty parlours and bowling alleys,private cinema halls and personal swimming pools;&#039;smart homes&#039; that you can control with your cellphone and apartment designs inspired by Picasso&#039;s Cubist art.]]></description>
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            <title><![CDATA[Delhi Becomes The Most Popular Location For Real Estate In India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6504</link>
			<source>NuWire Investor</source>
			<pubDate>Sat, 24 Jul 2010 20:09:35 +0530</pubDate>
			<description><![CDATA[NuWire Investor- Delhi edged out Mumbai as the favorite real estate location in India, with owner-occupiers as the main buyer segment in 2010. Home lending  remains tight, while higher construction costs, taxes and interest are making ownership more expensive and slowing recovery for India&#039;s real estate market. See the following article from Property Wire for more on this.]]></description>
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            <title><![CDATA[Goa panel to hold talks with notified SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6503</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 24 Jul 2010 20:08:13 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Goa Government has constituted a committee to interact with the developers of the notified Special Economic Zones (SEZ) in the State to work out the modalities of return of the land allotted to them by the Goa Industrial Development Corporation (Goa-IDC).]]></description>
			</item><item>
            <title><![CDATA[Housing the common man]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6502</link>
			<source>The Times of India</source>
			<pubDate>Sat, 24 Jul 2010 20:07:53 +0530</pubDate>
			<description><![CDATA[The Times of India- As land banks in places like Noida,Greater Noida,Ghaziabad,Faridabad,and Gurgaon get exhausted,people desirous of owning a house must buy now because while prices may lower even further,the new launches will be increasingly removed from the centre of Delhi. With the return of buyers confidence in the realty market,demand for residential units is on the rise.Developers say that they are witnessing demand from both end users as well as from investors.
In the end user segment,developers say demand is mainly in the affordable segment,making it more attractive for investors.]]></description>
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            <title><![CDATA[Nasscom for virtual SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6501</link>
			<source>Business Standard</source>
			<pubDate>Sat, 24 Jul 2010 20:07:05 +0530</pubDate>
			<description><![CDATA[Business Standard- IT industry body Nasscom has proposed the idea of virtual special economic zones (SEZs) for the sector to get over the size criterion, which is less relevant for the IT companies compared with the manufacturing ones. Nasscom chairman Som Mittal said here on Friday this would help smaller companies based in Tier-II and Tier-III cities. The term virtual SEZ refers to an SEZ-equivalent tax treatment to an IT company, irrespective of its size.]]></description>
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            <title><![CDATA[Realty deals: Big-ticket city deals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6500</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Jul 2010 20:05:58 +0530</pubDate>
			<description><![CDATA[The Economic Times- A residential apartment admeasuring 1,000 sq ft located at Prabhadevi was sold for 2,25,00,000. The apartment is located in Silver Apartments on Kashinath Ganekar Marg and has a capital value of 22,500 per sq ft. Prices in Prabhadevi generally range between 18,000-30 ,000 per sq ft, and hence this property is well within the range. Residential prices in the micro market have remained fairly stable over the past couple of quarters.]]></description>
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            <title><![CDATA[Nasscom wants tax sops for new SEZ units]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6499</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Jul 2010 20:05:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- : IT industry body Nasscom on Thursday urged the government to continue giving tax benefits to new SEZ units for a few more years, which the finance ministry has proposed to revoke under the Direct Taxes Code regime. “Under the DTC, you (government) should define a period for making the SEZs operational and the units (that would come up therein) should be given the same benefits as promised (in SEZ Act),” Nasscom president Som Mittal said. According to the revised DTC draft, which will replace the Income Tax Act of 1961 after approval by Parliament, tax exemption will be provided only for existing SEZ units and not new units.]]></description>
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            <title><![CDATA[After the engineered price boom, it’s raining discounts in real-estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6498</link>
			<source>Moneylife Personal Finance Magazine</source>
			<pubDate>Sat, 24 Jul 2010 20:04:39 +0530</pubDate>
			<description><![CDATA[Moneylife Personal Finance Magazine- After the huge hike in property rates in Mumbai, developers are now offering discounts on properties, at least in the suburbs. Royal Palms, a property owned by Mumbai-based developer Royal Palms India is offering 1BHK (bedroom-hall-kitchen) of 526 sq ft; 2 BHK (815 sq ft) and 3 BHK (1,082 sq ft) at Rs4,930 per sq ft for its two new towers - Crystal and Diamond Island, both based at Goregaon, a western Mumbai suburb. Earlier, these properties at Royal Palms were available at Rs5,300 per sq ft.]]></description>
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            <title><![CDATA[No silver lining for realty cos&#039; Q1]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6497</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 24 Jul 2010 20:03:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- With property prices retaining their lofty positions, real estate companies are likely to report a very damp first quarter sales and profit chart. Indian mid-cap real estate firms are expected to post a mixed trend as spiralling prices hit affordability and new launches tapered in the April-June quarter. A poll of brokerages estimates Anant Raj Industries to post a 47.79 percent fall in net profit, Housing Development and Infrastructure a 49.26 percent rise and IndiaBulls Real Estate a 114.44 percent rise. Traditionally, April-June is a subdued quarter with no new launches due to the rainy season. The National Capital Region, the other large real estate market, also experienced a similar trend.]]></description>
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            <title><![CDATA[Nascent styles of Chennai real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6496</link>
			<source>Stock Markets Review</source>
			<pubDate>Sat, 24 Jul 2010 20:03:04 +0530</pubDate>
			<description><![CDATA[Stock Markets Review- Chennai, once famous as Madras, is one of the four capitals of India. The capital city of Tamil Nadu, Chennai is the foundation of all political, fiscal and dealing tricks of the state. Chennai is speedy achieving status for IT over and above industrial improvement.]]></description>
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            <title><![CDATA[Government to put out a white paper on housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6495</link>
			<source>Sify</source>
			<pubDate>Sat, 24 Jul 2010 20:01:47 +0530</pubDate>
			<description><![CDATA[Sify- The government is preparing a white paper that will bring out all the issues affecting supply and demand in the housing sector, a top official said here.]]></description>
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            <title><![CDATA[Real estate service tax increase in India expected to dampen rising market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6494</link>
			<source>Property Community</source>
			<pubDate>Sat, 24 Jul 2010 20:00:34 +0530</pubDate>
			<description><![CDATA[Property Community- A rise in the service tax on real estate completions in India is expected to have a temporary impact on sales, according to industry commentators.]]></description>
			</item><item>
            <title><![CDATA[Real estate cos to post mixed trend in June quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6493</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Jul 2010 19:59:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mid-cap real estate firms are expected to post a mixed trend as spiralling prices hit affordability and new launches tapered in the April-June quarter.]]></description>
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            <title><![CDATA[Contractors abandon Games flats in VK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6492</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Jul 2010 19:58:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- The two agencies working on the DDA flats at D6, Vasant Kunj walked out of the project earlier this month expressing their inability to meet the August deadline. The flats were to house 1,500 Indian and 650 foreign technical officials during the Delhi Games. The chief engineer of the site says only 604 of the 5,000-odd flats will be ‘‘ definitely ready’ ’ by August-end while some more may be complete but he cannot give a figure to it. This despite the fact that in the June 29 GoM meeting, vice-chairman of DDA had said there was likely to be a shortfall of only 130 flats which are at a ‘‘ very rudimentary stage’’ . Chief engineer S R Solanki says DDA is looking at options to get the work done through work orders as there was no time to issue full-fledged tenders.]]></description>
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            <title><![CDATA[Malls turning community centres to woo customers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6491</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 24 Jul 2010 19:56:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- If you&#039;re in no mood to wrestle with the traffic to get to a mall, hop on their free bus or better still, have them send you a cab. If your grandmother&#039;s knees aren&#039;t able to keep up with your shopping frenzy, get a golf cart to ferry her around for free. As for your children, they will be looked after at the play centre.]]></description>
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            <title><![CDATA[Builtup area for SEZ cut in smaller cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6490</link>
			<source>livemint</source>
			<pubDate>Fri, 23 Jul 2010 06:29:09 +0530</pubDate>
			<description><![CDATA[livemint- With an aim to boost investment in smaller cities of the country, the ministry of commerce has reduced the mandated builtup area for special economic zone (SEZs) in B1 category cities such as Kochi, Patna, Indore and others to 50% of the builtup area and 25% of the builtup area in cities which are even smaller than the B1 towns.]]></description>
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            <title><![CDATA[Realty firm Brigade plans to raise Rs 750 crore additional funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6489</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:26:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Bangalore-based real estate company, Brigade Enterprises has sought shareholders’ approval to raise Rs 750 crore of additional funding. The money will be raised through various instruments such as global depository receipts (GDRs), American depository receipts (ADRs), foreign currency convertible bonds (FCCBs) or via placement with qualified institutional investors.]]></description>
			</item><item>
            <title><![CDATA[Infosys SEZ to get operational by 2011]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6488</link>
			<source>livemint</source>
			<pubDate>Fri, 23 Jul 2010 06:26:09 +0530</pubDate>
			<description><![CDATA[livemint- Infosys Technologies Ltd is Mumbai: Infosys Technologies Ltd is investing around Rs2,500 crore to set up its seventh special economic zone (SEZ) in Sarjapur near Bangalore. The SEZ would have around 18,000 seats and will be operational by end March 2011.]]></description>
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            <title><![CDATA[Mantri Developers prefers private equity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6487</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 23 Jul 2010 06:25:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Even as several real estate developers are weighing their IPO options, Mantri Developers wants to take the private equity route to raise funds for its upcoming projects.The company plans to launch two-three million sq ft of residential space development this year in Bangalore across four projects, and another project in Chennai. The estimated cost for the four upcoming projects in Bangalore is about Rs 3,000 crore.]]></description>
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            <title><![CDATA[IDBI Bank to merge home finance arm with itself]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6486</link>
			<source>livemint</source>
			<pubDate>Fri, 23 Jul 2010 06:24:52 +0530</pubDate>
			<description><![CDATA[livemint- IDBI Bank Ltd said its board has decided to merge its home finance arm with itself. In the past, the bank had unsuccessfully tried to sell IDBI Homefinance Ltd, its wholly-owned subsidiary, due to differences in valuation.
The bank, in its annual general meeting, also decided to increase its authorized capital from Rs1,250 crore to Rs.2,000 crore to enable it to raise additional capital, and approved issuances of preferential shares of 259.5 million shares.]]></description>
			</item><item>
            <title><![CDATA[Govt relaxes norms for setting up SEZ in small towns]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6485</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:22:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a significant move to spread out industrialisation and decongest big cities like Mumbai and Chennai, the government has drastically reduced the minimum built-up area requirement for SEZs in small towns.]]></description>
			</item><item>
            <title><![CDATA[Taxability of income from house property set to change]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6484</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:21:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- The revised discussion paper on Direct Tax Code (DTC) has addressed some of the key concerns raised by various stakeholders on the DTC Bill, 2009.One of the key concerns from the common tax payer was in respect of the taxability of income from house property under DTC vis-a-vis the Income Tax Act, 1961,]]></description>
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            <title><![CDATA[Wal-Mart to open more stores in India if rules eased]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6483</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Jul 2010 06:21:35 +0530</pubDate>
			<description><![CDATA[The Financial Express- Wal-Mart, the world’s top retailer, will be ready to open hundreds of stores in India if freer foreign direct investment is allowed, the chief of its Indian joint venture has said.]]></description>
			</item><item>
            <title><![CDATA[Wal Mart India JV to have 140 stores by end-2010]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6482</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:20:44 +0530</pubDate>
			<description><![CDATA[The Economic Times- Wal-Mart, the world&#039;s top retailer, will be ready to open hundreds of stores in India if the country opens up the sector to freer foreign direct investment, the chief of its Indian joint venture said.]]></description>
			</item><item>
            <title><![CDATA[Wal Mart urges India to open retail sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6481</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:19:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- The world&#039;s number one retailer Wal-Mart said on Thursday it could open &quot;hundreds of stores&quot; in India if the government opened up the country&#039;s giant retail sector to foreign investors.]]></description>
			</item><item>
            <title><![CDATA[Sabari group to invest Rs 200 cr for expansion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6480</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 23 Jul 2010 06:18:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- Diversified business firm Sabari Group proposed to invest close to Rs 200 crore in India as part of expansion plans,a top company official said here today .The Chennai-based Group, engaged in hospitality and construction business, is setting up its hotel business unit in Pune, Coimbatore and Madurai, Sabari Group Chairman and Managing Director K R V Ramani told reporters here.]]></description>
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            <title><![CDATA[RBI relaxes restrictions on ECBs for core sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6478</link>
			<source>livemint</source>
			<pubDate>Fri, 23 Jul 2010 06:13:53 +0530</pubDate>
			<description><![CDATA[livemint- To boost the availability of project finance for India&#039;s burgeoning infrastructure sector, the central bank has eased restrictions on external commercial borrowings (ECBs), allowing firms to refinance local project loans by borrowing abroad. The new guidelines, issued on Thursday, allow ports, airports, road developers and power firms to access foreign funds. This comes just as some infrastructure firms, especially those in the power sector, are fast reaching the mandatory prudential norms--guidelines that govern banks&#039; exposure to any one sector or firm. The availability of project finance has been a constant pre- occupation for the government, looking to shore up a huge infra- structure deficit. The 11th Plan calls for investments of more than Rs20 trillion in infrastructure, 36% of which is to be mobilized from private firms.]]></description>
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            <title><![CDATA[Lap of luxury &amp; light on assets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6477</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Jul 2010 06:09:15 +0530</pubDate>
			<description><![CDATA[The Financial Express- Recently, when PRS ‘Biki’ Oberoi invited media to announce the accolades that one of his opulent properties had won on a global platform, everybody was thinking more about the (uncomfortably high) stake of rival ITC in the Oberoi Group’s flagship company East India Hotels (EIH). The company, with its two brands, Oberoi and Trident, is looking at staying asset-light or focusing on management contracts rather than owning and operating luxury properties. So far, Trident Gurgaon was the only managed property in its portfolio. Biki Oberoi recently said that the group will focus on more management contracts, as done by most hotel companies worldwide.]]></description>
			</item><item>
            <title><![CDATA[3 Indian mega-projects in KPMG list]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6476</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 23 Jul 2010 06:07:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Global consultancy firm KPMG said three Indian projects have been featured in its Infrastructure 100 global projects report. The three Indian projects are Reliance Industries&#039; KG-D6 gas development project, the Tata Power&#039;s Mundra ultra mega-power project and Delhi International Airports Ltd&#039;s Indira Gandhi International Airport in New Delhi.]]></description>
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            <title><![CDATA[Springdale launches pool villas in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6475</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Jul 2010 06:29:46 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Italian designer villas will have two bedrooms, two guest rooms, one living room and a kitchen Each villa comes with a minimum land area of around 4,300 sq ft and a minimum built-up area of around 2,700 sq ft]]></description>
			</item><item>
            <title><![CDATA[Supertech&#039;s luxurious housing project in Noida]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6474</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Jul 2010 06:28:53 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Besides other attractions, Capetown has health-related facilities like massage centre, ayurvedic therapy centre, yoga and meditation centre The scheme will comprise 2, 3 and 4 bhk flats ranging between 890 sq ft and 2,385 sq ft]]></description>
			</item><item>
            <title><![CDATA[Headline Property SVP Group and Ashiana Homes join hands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6473</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Jul 2010 06:28:01 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The project boasts of electronic surveillance and security, power back-up, play area for children, clubhouse and concrete roads Villa Anandam offers 125 independent luxurious four bedrooms duplex villas on 140 sq yard, 146 sq yard and 178 sq yard]]></description>
			</item><item>
            <title><![CDATA[Cities need predictive insights]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6472</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Jul 2010 06:26:08 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Every minute during the next 20 years, 30 Indians will leave rural India for urban areas. The country will need some 500 new cities, and if they are smarter, the better for us]]></description>
			</item><item>
            <title><![CDATA[SEZ developers want DTC uncertainty to end]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6471</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 22 Jul 2010 06:24:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- SPECIAL economic zone (SEZ) developers are peeved over the continued uncertainty created by the direct tax code (DTC) drafts, released by the union finance ministry, over tax benefits prescribed by the SEZ Act.]]></description>
			</item><item>
            <title><![CDATA[Realty firm RAK plans mega project in UAE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6470</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 22 Jul 2010 06:23:30 +0530</pubDate>
			<description><![CDATA[The Economic Times- Ras-Al-Khaimah (RAK), a public joint stock firm and realty developer, plans to come up with 1,000 villas and town houses in United Arab Emirates (UAE).]]></description>
			</item><item>
            <title><![CDATA[FM to look into continuation of tax sops  SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6468</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 22 Jul 2010 06:22:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- SEZ developers said on Wednesday that that Finance Minister Pranab Mukherjee has &quot;assured&quot; to look into their suggestion for continuation of tax sops to new units in the DTC regime.]]></description>
			</item><item>
            <title><![CDATA[Wait And Watch Real Estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6467</link>
			<source>istockAnalyst.com</source>
			<pubDate>Thu, 22 Jul 2010 06:21:08 +0530</pubDate>
			<description><![CDATA[istockAnalyst.com- who is a well renowned real estate promoter was struggling  to pay  his bank loan in the year of 2008 when the recession have touched the shores of Indian real estate business. He had to almost sell all his properties of his own to pay back the loan of the bank. Even he had sold his under constructed residential and commercial properties at a very much lower rate than he should have dreamt in his worst nightmare.]]></description>
			</item><item>
            <title><![CDATA[Property rates may face a slump in some cities: NHB chief]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6466</link>
			<source>livemint</source>
			<pubDate>Thu, 22 Jul 2010 06:20:43 +0530</pubDate>
			<description><![CDATA[livemint- Property prices in some Indian cities could be heading for a slump following their recent surge. Property prices are higher than they were last year as the Indian market has revived. For instance, by the end of June 2010, average capital values in Mumbai at Rs26,750 per sq. ft exceeded mid-2008&#039;s Rs26,500 per sq. ft. when property prices were at their peak. Bangalore too has witnessed a steep rise in average values. Mumbai and Bangalore have been witnessing new launches in the premium-to-luxury segment. According to estimates pro-vided by property consultants, Jones Lang LaSalle Meghraj, average capital values during the first three months of the year have appreciated by 2-7% compared with the previous quarter.]]></description>
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            <title><![CDATA[DLF to sell majority stake in DLF Brands]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6465</link>
			<source>Business Standard</source>
			<pubDate>Thu, 22 Jul 2010 06:19:23 +0530</pubDate>
			<description><![CDATA[Business Standard- As part of a strategy to exit its non-core businesses, realty major DLF today announced plans to dilute the majority stake in wholly-owned retail management subsidiary DLF Brands, probably to a promoter group firm.]]></description>
			</item><item>
            <title><![CDATA[Government proposes 20% GST on goods, 16% on services]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6464</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 22 Jul 2010 06:18:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Finance Minister Pranab Mukherjee today proposed a three-rate structure for the Goods and Services Tax -which will simplify the indirect tax regime - under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.]]></description>
			</item><item>
            <title><![CDATA[The urban housing conundrum]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6463</link>
			<source>livemint</source>
			<pubDate>Thu, 22 Jul 2010 06:17:07 +0530</pubDate>
			<description><![CDATA[livemint- Its location has ensured that the small, overcrowded basti (shanty town) called Kathputli Colony, with its narrow streets and narrower alleys, is among the Delhi government&#039;s first experiments in the so-called in situ development strategy. The blueprint envisages that a private developer, Raheja Developers Ltd, will construct at least 2,000 flats to accommodate residents of the neighbourhood and at the same time develop 170 luxury flats. On the face of it, the strategy is a winner: the residents get constructed flats, the builders access to plum real estate and the government, which has al- ready initiated a census of the neighbourhood to establish residency, stands to reap enor- mous goodwill. But inhabitants of the colony are suspicious of the offer, which they say from past experience, is too good to be true. Of the total shortage of housing estimated at 24 mil- lion units by the government in 2006, nearly 99% is in the low-income and economically weaker sections. A 2009 survey by Knight Frank India, a property and re- search advisory, said that at a time when the real estate sec- tor was realigning its focus to- wards affordable housing, there was a requirement of at least two million units by 2011.]]></description>
			</item><item>
            <title><![CDATA[100% profit for builder,just 1.25cr in Maha kitty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6462</link>
			<source>The Times of India</source>
			<pubDate>Thu, 22 Jul 2010 06:14:03 +0530</pubDate>
			<description><![CDATA[The Times of India- The politically well-connected Pune-based builder Avinash Bhosale made Rs 275 crore by selling off half of the 12-acre Cidco (City Industrial Development Corporation) plot on Palm Beach Road in Navi Mumbai.And what did Cidco get in return According to high-level sources,the government agency received a paltry Rs 1.25 crore as change of user fee for approving Bhosales proposal to convert half the plot into a residential zone,which he promptly offloaded to another builder. 47,000 sq m plot (about 12 acres) was reserved exclusively for a five-star hotel,and Bhosales company,Metropolis Hotels,had emerged as the higest bidder at Rs 282 crore when Cidco invited bids in 2008.But early this year,the builder - who is known for his links with big politicians - submitted a request to Cidco to allow him to convert 23,000 sq m (about six acres) of this land for residential purposes.In March,during the tenure of its then managing director G S Gill,Cidco controversially permitted this change of use by levying a fee of just Rs 550 per sq m on Metropolis.]]></description>
			</item><item>
            <title><![CDATA[Now, ministry says green nod must for Noida park]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6461</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Jul 2010 06:10:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- Almost nine months after the ministry of environment and forests (MoEF) said Mayawati&#039;s 33.43 hectare Noida Park memorial project is too ‘small’ for its “environmental clearance”, it filed an affidavit on Tuesday in the Supreme Court saying that an “integrated and holistic” environment impact assessment is a must. The ministry&#039;s affidavit shows that its take on Mayawati&#039;s “dream” project has considerably changed from that of October 22, 2009, when it told the Supreme Court that “no environmental clearance” from the ministry was required for the project. Now, the ministry is armed with documents ranging from impact assessment reports to views from bird conservation specialists, the Wildlife Institute of India and expert consultants on the project&#039;s environmental impact.]]></description>
			</item><item>
            <title><![CDATA[Development plan for Gurgaon takes shape]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6460</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Jul 2010 06:07:53 +0530</pubDate>
			<description><![CDATA[The Financial Express- A development plan of Gurgaon-Manesar Urban Complex, 2025, is being formulated to ensure planned development of Gurgaon. the scheme was formulated up to the year 2021 but in view of increasing density of population of Gurgaon, it was decided to formulate it up to the year 2025. The development plan was being formulated for the new sectors from 58 to 115 to be developed in Gurgaon. A separate plan for each sector would be formulated and any department or agency could inform district town planner for land for their offices.]]></description>
			</item><item>
            <title><![CDATA[New Masterplan: Gurgaon draws roadmap for 2025]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6459</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 22 Jul 2010 06:05:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- After the Haryana government&#039;s recent advice to all districts that the departments concerned should revise the existing Masterplans and extend the target year from 2021 to 2025, the first meeting to discuss the new Gurgaon-Manesar Masterplan was held on Tuesday under the chairmanship of the Deputy Commissioner of Gurgaon, Rajender Kataria. The new plan will be formulated taking into consideration the proposed growth of the city up to 2025, and will be called the development plan for Gurgaon-Manesar Urban Complex-2025. The government has also decided to double the width of sector roads from the existing 30 metres to 60 metres.]]></description>
			</item><item>
            <title><![CDATA[Right to self-defence extends to protection of property: SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6458</link>
			<source>The Times of India</source>
			<pubDate>Wed, 21 Jul 2010 06:24:26 +0530</pubDate>
			<description><![CDATA[The Times of India- Right to self-defence is not only about using force to save oneself from an attacker but also extends to protecting one&#039;s property from being stolen or forcibly taken over, the Supreme Court has ruled. But the force used by a person to protect himself or his property should not be grossly disproportionate to that needed to ward off the threat from the aggressor.]]></description>
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            <title><![CDATA[Morgan Stanley ponders its property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6457</link>
			<source>livemint</source>
			<pubDate>Wed, 21 Jul 2010 06:22:08 +0530</pubDate>
			<description><![CDATA[livemint- After building one of the biggest, most prestigious real-estate investing businesses on Wall Street, Morgan Stanley is weighing plans to scale it back. The firm is considering what to do with its family of funds known as Msref, according to people familiar with the mat- ter. One option could be to re- duce its own capital in the funds, while another could be to sell them. Any move by Morgan Stanley to reduce its influence as a real-estate investor would re- shape the industry&#039;s playing field. Started in the early 1990s and built up under Morgan Stanley&#039;s chairman and former chief executive John Mack, Msref has long been considered among the most sophisticated of Wall Street real-estate investors.]]></description>
			</item><item>
            <title><![CDATA[Higher property prices to boost realty show]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6456</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Jul 2010 06:22:04 +0530</pubDate>
			<description><![CDATA[The Economic Times- The real estate market is still recovering from the asset price crash in 2008-09 with some of the key pockets either coming close to the peak prices of 2007-08 or even surpassing them as in the case of Mumbai.]]></description>
			</item><item>
            <title><![CDATA[PNB brings down stake in housing finance arm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6455</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 21 Jul 2010 06:20:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- PUNJAB National Bank has brought down its stake in the housing finance subsidiary, PNB Housing Finance, to 51 per cent after Destimoney, its joint venture partner, raised its holding to 49 per cent by infusing fresh capital. The company also appointed a new managing director, Sanjaya Gupta, to run the business.]]></description>
			</item><item>
            <title><![CDATA[Govt &#039;gifts&#039; almost Rs 300 cr to influential developer in land deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6454</link>
			<source>The Times of India</source>
			<pubDate>Wed, 21 Jul 2010 06:20:05 +0530</pubDate>
			<description><![CDATA[The Times of India- Nothing is sacrosanct in this city anymore-except money. The city itself is up for sale. Large swathes of precious public land are being all but gifted away by government agencies and departments in questionable deals. Rules are modified or ignored ever so often to allow constructions that violate even the basic tenets of civic/municipal planning. And public tender conditions are written in such a way that the bidding process is nothing but a sham. The City Industrial Development Corporation (Cidco) may have lost a few hundred crores after it controversially allowed the extremely well-connected Pune-based developer, Avinash Bhosale to convert half of a 12-acre hotel plot into a residential zone on the prime Palm Beach Road opposite Seawoods in Navi Mumbai.]]></description>
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            <title><![CDATA[DTC GST related bills in upcoming House session]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6453</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 21 Jul 2010 06:19:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Centre looks all set to bring the direct taxes code bill and the constitutional amendments required to roll out the goods and services tax in the forthcoming Monsoon session of the Parliament beginning next week. “It is our expectation that both the constitutional amendment bill and DTC (direct taxes code) Bill would be introduced in the Monsoon session,” revenue secretary Sunil Mitra told reporters on the sidelines of a CII seminar.]]></description>
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            <title><![CDATA[Retail major draws investment roadmap]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6452</link>
			<source>The Telegraph</source>
			<pubDate>Wed, 21 Jul 2010 06:17:25 +0530</pubDate>
			<description><![CDATA[The Telegraph- The $3.2-billion Landmark Group based in Dubai is gearing up to strengthen its retail presence in Calcutta following the launch of its maiden outlet in  Rajarhat.After opening the first store of its value fashion format Max in City Centre New Town early this year, the Dubai group is preparing to roll out a Rs 30-crore expansion roadmap for the east, with Calcutta as the fulcrum.]]></description>
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            <title><![CDATA[Allotment of flats in Dwarka starts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6451</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 21 Jul 2010 06:16:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi Government started the process for allotment of flats in certain group housing societies in Dwarka which were not under the purview of any investigation by CBI. 
As part of the process, government today set up a camp at the Delhi Secretariat complex to facilitate the societies to present their documents to the Registrar of Cooperative Societies (RCS).]]></description>
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            <title><![CDATA[Ghaziabad: The Emerging Property Hub in Delhi NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6450</link>
			<source>Stock Markets Review</source>
			<pubDate>Wed, 21 Jul 2010 06:15:19 +0530</pubDate>
			<description><![CDATA[Stock Markets Review- Ghaziabad, an industrial city in close proximity to East Delhi is emerging as one of the most preferred realty destinations around Delhi. It is the highest revenue generating city in Uttar Pradesh that houses all kinds of industries- small, medium and large scale. Once considered a backward city, it today ranks among the top ten dynamic cities of the world by Newsweek. Ghaziabad real estate is scoring high with launch of various property projects by leading realty developers.]]></description>
			</item><item>
            <title><![CDATA[Surat Real Estate Scaling New Heights]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6449</link>
			<source>Stock Markets Review</source>
			<pubDate>Wed, 21 Jul 2010 06:14:18 +0530</pubDate>
			<description><![CDATA[Stock Markets Review- Surat, known worldwide for its diamond business, is the second largest commercial capital of Western India after Mumbai. Despite being one of the most populous cities of the country, it is the cleanest Metropolitan region of India. This commercial hub of Gujarat is now witnessing a realty boom with developers making a beeline to invest in property in Surat]]></description>
			</item><item>
            <title><![CDATA[Protect home buyer’s interest: CREDAI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6448</link>
			<source>India Blooms News Service</source>
			<pubDate>Wed, 21 Jul 2010 06:12:52 +0530</pubDate>
			<description><![CDATA[India Blooms News Service- Protection of home buyer’s interest is key to real estate insurgence, said the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body of real estate developers in India.]]></description>
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            <title><![CDATA[Wal-Mart Supplier Alok Industries Plans to Sell Real Estate Investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6447</link>
			<source>Bloomberg</source>
			<pubDate>Wed, 21 Jul 2010 06:11:19 +0530</pubDate>
			<description><![CDATA[Bloomberg- Alok Industries Ltd., an Indian supplier of sportswear to Wal-Mart Stores Inc. and Gap Inc., plans to dispose of its real estate investments to reduce debt and raise money for working capital needs.]]></description>
			</item><item>
            <title><![CDATA[Century Real Estate enters affordable housing segment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6446</link>
			<source>India Infoline News Service</source>
			<pubDate>Wed, 21 Jul 2010 06:09:18 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- Located off Bannerghatta Road, with proximity to the Indian Institute of Management, Bangalore, Century Paradise offers homes that far exceed the expectations of today&#039;s demanding customers.Century Real Estate, one of Bangalore&#039;s real estate pioneers, has created a new landmark. Century Paradise, its new offering in affordable housing segment is a testimony to the company&#039;s design excellence and superior planning capabilities, replete with modern amenities.]]></description>
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            <title><![CDATA[22 industrial areas to be redeveloped]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6445</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 20 Jul 2010 06:17:38 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) will redevelop 22 unplanned industrial areas in different parts of the city. The total cost of the project is estimated at approximately Rs 2,000 crore. The DSIIDC will also take over 29 industrial estates from the the Municipal Corporation of Delhi (MCD) and Delhi Development Authority (DDA) under the new Industrial Maintenance Law. This work will start in six months. Another 4,000 houses were under construction and would be ready in six months.]]></description>
			</item><item>
            <title><![CDATA[Contempt notice to RCS for delay in flat allotment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6444</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 20 Jul 2010 06:14:32 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi High Court on Monday issued contempt of court notice to the Registrar of Cooperative Societies (RCS) and his deputy for not taking steps to allot flats to members of 57 group housing societies in Dwarka despite an order of the court two years ago. The court was especially furious that the RCS had not complied with its orders in November 2009, January and February this year to speed up the process in the interest of 6,000 families who were just about to move into their dream flat eight years ago but faced uncertainty due to the Rs 4,000 crore group housing scam and court stay orders that followed.]]></description>
			</item><item>
            <title><![CDATA[Beneficial effects of FDI in retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6443</link>
			<source>livemint</source>
			<pubDate>Tue, 20 Jul 2010 06:12:24 +0530</pubDate>
			<description><![CDATA[livemint- The government recently came out with a concept note on foreign direct investment (FDI) in multi-brand retail trading. Trade constitutes around 15% of our gross domestic product, of which retail trade makes up at least half. The retail sector is the second largest employer after agriculture, providing job opportunities to at least 33 million people. Few can underestimate the importance of being circumspect with regard to any legislation that will affect so many jobs. A crucial argument against foreign investment in retail is the belief that small retailers will suffer. It should be possible for the government to manage this FDI in a calibrated manner, ensuring that its benefits--through development of infrastruc- ture, provision of rural employment, and support for local sourcing--balance potential risks to the retail trade.]]></description>
			</item><item>
            <title><![CDATA[How to professionalise a real estate services firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6441</link>
			<source>Asia Property Report</source>
			<pubDate>Tue, 20 Jul 2010 06:10:56 +0530</pubDate>
			<description><![CDATA[Asia Property Report- Today’s property market scenario is not amenable to companies that do not present a professional front. Clients today are far more aware than ever before, and have become savvy about the difference between specialists and amateurs. Keeping this in mind, it is important to know what makes a real estate services firm truly professional in this new environment.]]></description>
			</item><item>
            <title><![CDATA[SEZ exports skyrocket 67% in Q1]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6440</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 20 Jul 2010 06:09:22 +0530</pubDate>
			<description><![CDATA[The Financial Express- Exports from SEZs as of June 30, 2010 stood approximately at Rs 58,756.68 crore, a 67% growth than the corresponding period last financial year. Exports from SEZ in the first quarter of last financial year were Rs 35,013 crore. Exports from SEZs in the 2008-09 were approximately Rs 99,000 crore which increased to Rs 2,20,000 crore in the year 2009-10--a growth of 120%. Hence, this 67% exports growth in Q1 from SEZ is on top 120% growth registered last year. Exports from SEZs have gone up from Rs 22,000 crore in the year 2005-06 (SEZ Act and rules were made operational from 10-2-2006) to Rs 220,000 crore in the year 2009-10, showing a growth of approximately 10 times in four years.]]></description>
			</item><item>
            <title><![CDATA[Godrej Prop reduces debt to Rs 4 bn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6439</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 20 Jul 2010 06:07:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate developer Godrej Properties has reduced its net debt to 4 billion rupees as on June 30, using proceeds from its IPO. The debt-equity ratio is 0.5 is to 1, a very comfortable balance sheet.]]></description>
			</item><item>
            <title><![CDATA[Why take it on rent if you can buy?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6438</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 20 Jul 2010 06:05:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- EMI sharing is an arrangement whereby the home-loan borrower does not have to pay the EMI until he/she gets the occupancy. Instead, the developer building the property will pay the home loan instalment on his behalf for a stipulated period. Typically, this period is up to the possession of the property and therefore, could be between one to three years. The developer, during this period, will pay only the interest portion and not the principal amount. First, the homebuyer gets the loan sanctioned from the bank. Thereafter, in case of an EMI sharing option, the builder or the developer gives a post-dated cheque for the specified period of time. The borrower then needs to deposit this in his/her account. Of late, banks have started offering subvention scheme in case of selected projects. Through this scheme, banks take the EMIs directly from the builder. However, such schemes are very few in number.]]></description>
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            <title><![CDATA[Dealers make hay after allotments are cancelled]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6437</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 19 Jul 2010 06:38:07 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Over 250 residential plot allottees of the Yamuna Expressway Authority have been left in the lurch as the Authority says their allotments were automatically cancelled  on non-payment of allotment money and they were refused restoration of allotments. Strangely, property dealers are still contacting allottees to sell them the plots. The YEA’s refusal could force allottees to sell out to property dealers, who, they allege, will later get the restoration in connivance with authority staff and balance premium.]]></description>
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            <title><![CDATA[Defaulter tenant cant seek court protection]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6436</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Jul 2010 06:36:25 +0530</pubDate>
			<description><![CDATA[The Times of India- A tenant who fails to pay rent despite a court order cannot seek its protection against eviction from the premises,the Delhi high court has specified. The Delhi Rent Control Act grants protection to the defaulter tenant only if the due sum is deposited and such right is taken away if the tenant defaults for the second time,the court noted recently. When the tenant makes a second default,no protection can be given to the tenant on eviction... the benefit under the Act could not have been given to such a tenant who,despite suffering a decree,fails to pay rent regularly and again commits default, the court observed.]]></description>
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            <title><![CDATA[Govt plans to redevelop 22 industrial areas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6435</link>
			<source>The Times of India</source>
			<pubDate>Mon, 19 Jul 2010 06:32:27 +0530</pubDate>
			<description><![CDATA[The Times of India- The Delhi government has decided to redevelop 22 industrial areas in the city at an investment of nearly Rs 2,000 crore,an official said on Sunday.The Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) has undertaken the task as per the provisions of the master plan-2021.]]></description>
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            <title><![CDATA[RIL&#039;s Haryana SEZ watered down]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6434</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 19 Jul 2010 06:28:09 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- It&#039;s decided. The original concept of a 25,000-acre set of two Special Economic Zones (SEZ) proposed by Reliance Industries Ltd (RIL) in Haryana four years ago has been amended, with watered-down features. Reliance&#039;s request for a change in the concept of the project following its failure to aggregate sufficient land in Gurgaon and Jhajjar, and due to the impact of the economic slowdown, has been approved by the Haryana Investment Promotion Board. The company has said it was feeling a serious impact of the economic environment while executing the proposed project.]]></description>
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            <title><![CDATA[DLF City goes dry, assured of help by HUDA official]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6433</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 19 Jul 2010 06:25:43 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Haryana Urban Development Authority has assured the residents of a parched DLF City Phase I that it will strengthen the water distribution system in the next one month. HUDA has also told the residents that it will build additional water reservoirs and improve the supplying in the coming month. The assurance came on Friday evening after a group of irate DLF City residents and DLF group officials met HUDA administrator Nitin K. Yadav in his office. The residents, led by the residents’ welfare association, complained that it was for the first time DLF City’s (Phase I) history that residents have run out of water from all sources, the borewells, the reservoirs, and even the HUDA supply.]]></description>
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            <title><![CDATA[Annuity in reverse mortgage should be taxfree]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6432</link>
			<source>livemint</source>
			<pubDate>Mon, 19 Jul 2010 06:21:40 +0530</pubDate>
			<description><![CDATA[livemint- S Sridhar Chairman and managing director, Central Bank of India and National Housing Bank
National Housing Bank (NHB) came out with a reverse mort- gage product four years back.
The idea was to give periodic income to senior citizens.]]></description>
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            <title><![CDATA[Investing in realty via structured products]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6431</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Jul 2010 06:20:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Realty had a reality check when it melted furiously and was brought to realistic levels. It&#039;s now back in the limelight, with demand picking up slowly. When there is a dearth of buyers, products get the much needed innovative streak and this is what happened. Structured products in this sector have hogged the stage for some time. A quick rendezvous on how they work and whom they suit.]]></description>
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            <title><![CDATA[Public sector banks&#039; home loan growth slower in South last fiscal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6430</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 19 Jul 2010 06:19:19 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Housing loan disbursements by public sector banks (PSBs) in the South Zone States/Union Territories grew a robust 30.57 per cent in 2009-10 to Rs 19,277 crore (Rs 14,763 crore in 2008-09).]]></description>
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            <title><![CDATA[US housing probably slumped]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6429</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Jul 2010 06:18:09 +0530</pubDate>
			<description><![CDATA[Business Standard- The housing market took another step back in June as construction and purchases dropped, and a gauge of the outlook for growth signalled the expansion will lose steam, economists said before reports this week.]]></description>
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            <title><![CDATA[Developers of SEZs to meet Pranab on DTC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6428</link>
			<source>Business Standard</source>
			<pubDate>Mon, 19 Jul 2010 06:17:17 +0530</pubDate>
			<description><![CDATA[Business Standard- Leading developers across the country are likely to meet Finance Minister Pranab Mukherjee and top officials of his ministry on the continuation of tax benefits for special economic zones, or SEZs.]]></description>
			</item><item>
            <title><![CDATA[Developers raise spending on advertisements]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6427</link>
			<source>livemint</source>
			<pubDate>Mon, 19 Jul 2010 06:19:43 +0530</pubDate>
			<description><![CDATA[livemint- Advertising by construction firms has gone up by nearly two-thirds in the first six months of this calendar year compared with the same period last year, as de- velopers look to revive stalled residential projects and publicize their brand names before making initial public offers (IPOs) in coming months.The real estate market had slumped in 2009 as a result of the slowdown, and spending on advertising was low. Though economic growth is accelerating, analysts say actu- al property sales remain sluggish for now, and are expected to improve only around October--traditionally a high sales period as the country cele- brates festivals such as Dusse- hra and Diwali.]]></description>
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            <title><![CDATA[Construction cos’ top line to grow on strong orderbook]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6426</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Jul 2010 06:14:59 +0530</pubDate>
			<description><![CDATA[The Financial Express- Improved economic outlook and industrial capex revival resulted in strong order inflows for the domestic construction industry in the first quarter this fiscal. 
Order flowed in from the road and urban infrastructure verticals. The road segment alone saw an order inflow of 1,200 km, aggregating Rs 17,000 crore just in Q1FY11 (compared with 3,267 km, aggregating Rs 34,000 crore in FY10) from the NHAI. However, uncertainty regarding irrigation projects in Andhra Pradesh continues; most companies are either slowing or stopping execution.]]></description>
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            <title><![CDATA[Aman stake to fetch DLF $350 m]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6425</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 19 Jul 2010 06:13:37 +0530</pubDate>
			<description><![CDATA[The Financial Express- Singapore-based premium luxury resorts chain Banyan Tree is in advanced stages of talks to buy a controlling stake in Aman Resorts, the Middle East luxury hotel chain. Realty major DLF Ltd had acquired Aman Resorts in November 2007 for $400 million. In its bid to become a zero-debt company in five years and rid itself of non-profitable, non-core assets such as Aman, DLF is looking at selling “controlling stake” in it for around $350 million. Currently, DLF owns 97% stake in Aman Resorts. While the negotiation is for selling a majority stake to Banyan Tree.]]></description>
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            <title><![CDATA[Madhu Koda: Landlord of Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6424</link>
			<source>The Times of India</source>
			<pubDate>Sun, 18 Jul 2010 09:01:51 +0530</pubDate>
			<description><![CDATA[The Times of India- The city&#039;s real estate boom period of 2005-08 had an unlikely beneficiary -- former Jharkhand chief minister Madhu Koda -- who invested a fair share of his ill-gotten money in real estate ventures in Hyderabad, particularly around Hi-Tec city. Income tax sleuths have now unravelled that Koda, presently cooling his heels at Birsa Munda central jail at Ranchi, is a big landlord of Hyderabad]]></description>
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            <title><![CDATA[No colony on plot near President house, for now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6423</link>
			<source>The Times of India</source>
			<pubDate>Sun, 18 Jul 2010 09:00:55 +0530</pubDate>
			<description><![CDATA[The Times of India- Challenging the order of a single bench of Delhi high court which allowed a real estate company to develop a residential colony on a plot near Rashtrapati Bhavan, union urban development ministry has moved a division bench against the judgment.]]></description>
			</item><item>
            <title><![CDATA[Go by the ground reality]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6422</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 18 Jul 2010 08:59:19 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Liquidity may have improved in the real-estate sector but builders can derail the recovery by increasing prices too fast, cautioned Mr K.K. Raman, Executive Vice-President, DLF Homes, at a panel discussion during the Second Annual Convention of the National Association of Realtors – India.]]></description>
			</item><item>
            <title><![CDATA[Look beyond residential space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6421</link>
			<source>Business Standard</source>
			<pubDate>Sun, 18 Jul 2010 08:58:07 +0530</pubDate>
			<description><![CDATA[Business Standard- The heavy inflow of investments into the manufacturing sector and related services has thrown up new opportunities in the real-estate sector, say infrastructure developers. Logistics and warehousing is undergoing a sea change as the domestic market is seeing entry of new and large-scale player who are bringing about a qualitative change and massive increases in the scale of operations.]]></description>
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            <title><![CDATA[Godrej Properties plans projects for mid-income groups in four cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6420</link>
			<source>Business Standard</source>
			<pubDate>Sun, 18 Jul 2010 08:57:09 +0530</pubDate>
			<description><![CDATA[Business Standard- Godrej Properties Ltd intends to launch mid-income housing development projects in Chennai, Mangalore, Kochi and Mumbai.]]></description>
			</item><item>
            <title><![CDATA[Godrej to convert Hyderabad IT SEZ into housing project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6419</link>
			<source>Business Standard</source>
			<pubDate>Sun, 18 Jul 2010 08:55:31 +0530</pubDate>
			<description><![CDATA[Business Standard- The Godrej Group’s realty arm, Godrej Properties (GPL), plans to convert its information technology (IT) special economic zone (SEZ) project in Hyderabad into a residential one, a top company official said. GPL had bought over 34 acres in Hyderabad in 2006 to set up an SEZ, keeping in view the then boom in the IT sector.]]></description>
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            <title><![CDATA[Delhi top destination for end users looking to purchase flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6418</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 18 Jul 2010 08:54:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delhi is the most popular place to buy a property, according to a survey. The report reveals that 34% of those surveyed want to purchase a flat in Delhi, followed by 28% plugging for Mumbai and 11% each opting for Bangalore and Hyderabad. The survey also reveals that the realty sector in 2010 is going to be driven by end users.]]></description>
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            <title><![CDATA[Godrej Properties clocks net profit of Rs 22.4-cr in Q1 FY 11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6417</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 18 Jul 2010 08:52:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Group&#039;s real estate arm, Godrej Properties Ltd, has clocked a net profit of Rs 22.4-crore in the first quarter of FY 11, up by a whopping 653 per cent over the same period last year. The consolidated sales of the company stood at Rs 73.46-crore, up 290 per cent from Rs 18.8-crore in the corresponding period last year.]]></description>
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            <title><![CDATA[Is reality recession really over]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6416</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 18 Jul 2010 08:51:20 +0530</pubDate>
			<description><![CDATA[The Economic Times- The economy has come out of recession , &quot;reality is booming&quot; , and &quot;prices are sky high&quot; - &quot;invest in property, there is a tremendous potential&quot; . We keep on hearing all this in newspapers, TV, and the internet. Even if you step into a meeting, this is one of the hot-button tropics that is definitely discussed. There is no doubt that prices in major cities of India have seen a steep rise - but has the appreciation been as high as 70% to 90% - is this just a hype or is true.]]></description>
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            <title><![CDATA[India improves on green]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6415</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:18:24 +0530</pubDate>
			<description><![CDATA[The Times of India- Indians are becoming more environmentally conscious,according to the recent Greendex report 
I n their third annual survey to measure and monitor consumer behaviours that have an impact on the environment,the National Geographic Society and the international polling firm GlobeScan have found that environmentally friendly behaviour among consumers in 10 out of 17 countries has increased over the past year.By environmentally friendly consumer behaviour,we mean people&#039;s transportation patterns,household energy and resource use,consumption of food and everyday consumer goods,and what consumers are doing to minimise the impact these activities have on the environment.]]></description>
			</item><item>
            <title><![CDATA[Is reality recession really over]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6414</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:17:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Tier II and Tier III cities are yet to come out of the recession in realty. The economy has come out of recession,&quot;reality is booming&quot;,and &quot;prices are sky high&quot; - &quot;invest in property,there is a tremendous potential&quot;.We keep on hearing all this in newspapers,TV,and the internet.Even if you step into a meeting,this is one of the hot-button tropics that is definitely discussed.There is no doubt that prices in major cities of India have seen a steep rise - but has the appreciation been as high as 70% to 90% - is this just a hype or is true.Secondly,has the appreciation been witnessed across India or is it limited to a few select cosmopolitan cities If we talk about Tier II and Tier III cities,property in these cities is still at the same level as it was when the recession started around two years ago.Though there have been major corrections in the property prices in these cities,they have still not come out from the recession while the world and India have came out of it.]]></description>
			</item><item>
            <title><![CDATA[The urban energy battle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6413</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:14:51 +0530</pubDate>
			<description><![CDATA[The Times of India- Are we kidding ourselves with all this talk of green buildings when we know fully well that we will continue to consume more energy than we have in the past 50 years. what makes a green building green How do you make a green building any different from a regular building What is a sustainably designed building and how is it different from a green building What is ecologically sensitive Are we kidding ourselves with all this talk of green buildings when we know fully well that we will continue to consume more energy than we have in the past 50 years]]></description>
			</item><item>
            <title><![CDATA[Housing start up index coming soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6412</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:12:18 +0530</pubDate>
			<description><![CDATA[The Times of India- The Reserve Bank of India (RBI) is going to launch a housing start up index (HSUI) soon.It is meant to track the construction of new houses started in a particular period.It is a measure of the level of construction activity in a given period for a region and is considered as one of the leading indicators of economic activity.New constructions pick up when the business cycle picks up.The index will help gauge activity in the construction sector that employs a significant chunk of the country&#039;s labour force.According to the RBI,the core of any business cycle theory is what happens in the construction sector.The 2008 crisis in the US subprime market is mainly rooted in the construction sector.This index will give an indication of the construction activity and provide valuable inputs for the formulation of the monetary policy.Such an index will be a valuable input as the asset price inflation assumes significance in the economy.]]></description>
			</item><item>
            <title><![CDATA[Transfer of property through Will]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6411</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:11:01 +0530</pubDate>
			<description><![CDATA[The Times of India- Making a Will helps ensure one&#039;s property devolves as wished and the right heirs receive their fair shares.Under the Indian Succession Act 1925,a Will is a legal declaration of the intention of the testator,with respect to his property which he desires to be carried into effect after his death. After the death of a person,his property devolves in two ways - according to his Will i.e.testamentary,or according to the respective laws of succession,when no Will is made.In case an individual dies intestate (no Will is made),the laws of succession come into play.
The law of succession defines the rules of devolution of property in case a person dies without making a Will.These rules provide for a category of persons and percentage of property that will devolve on each of such persons.]]></description>
			</item><item>
            <title><![CDATA[Clarity rules]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6410</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:08:37 +0530</pubDate>
			<description><![CDATA[The Times of India- An increase in the transparency in the dealings in the real estate sector has been recorded. The international property consulting team of Jones Lang La Salle Meghraj has recently released findings that the Indian real estate industry is climbing up on the transparency chart.The country&#039;s tier 1 cities are currently ranked at 41 among nations surveyed,while the tertiary cities have graduated from the low transparency to semi-transparent status.]]></description>
			</item><item>
            <title><![CDATA[On Track]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6409</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:07:00 +0530</pubDate>
			<description><![CDATA[The Times of India- The healing global real estate markets are showing signs of improvement. As the first half of 2010 comes to a close,global property markets at the prime end have shown some improvement in response to the gradual healing of both the world economy and the credit markets.In the US,the story remains one of steady improvement,increasing availability of capital and a continuing flow of deals to market.In Asia Pacific,economic performance is likely to outstrip the rest of the world,but watch out for further interest rate rises.In Europe,while trading has been relatively strong,austerity measures will keep confidence and activity in check.With tough choices ahead for global policymakers,can the second half of the year usher in further positive momentum.]]></description>
			</item><item>
            <title><![CDATA[That feminine touch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6408</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:04:16 +0530</pubDate>
			<description><![CDATA[The Times of India- A survey reveals that women are radically revamping the realty sector with increased professionalism,attention to detail and superior customer service,as the credit crunch demands a new approach. Increasingly,female property investors are getting confident about the real estate market and when it comes to letting,they are using their feminine intuition to offer more,according to a new survey.Nearly 62% of women investors questioned are planning to expand their property portfolio in the next 12 months and a further 32% admit that the credit crunch has had no impact on their portfolio plans.They are confident that investing in bricks and mortar is better than leaving their cash in the bank and 87% said property brings a better return than interest in savings.The survey also revealed that women are radically revamping the sector with increased professionalism,attention to detail and superior customer service,as the credit crunch demands a new approach.]]></description>
			</item><item>
            <title><![CDATA[Delhi on top]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6407</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 07:02:28 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi is the Number One destination for end users looking to purchase a flat. Delhi is the most popular place to buy a property,according to a survey.The report reveals that 34% of those surveyed want to purchase a flat in Delhi,followed by 28% plugging for Mumbai and 11% each opting for Bangalore and Hyderabad.The survey also reveals that the realty sector in 2010 is going to be driven by end users.Due to the recession and fluctuating property prices,property seekers shied away from making a property purchase last year - but with an improving economy and slightly stable property prices,end users are ready to jump into the market this year.Most of the buyers who are interested in buying a house this year want it for their personal use with 67% of those surveyed citing this reason.Some 23% are looking for property as a long-term investment while 10% are looking at it through the prism of a short-term investment.]]></description>
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            <title><![CDATA[Noida is saturated]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6406</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 06:58:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Those of you who are planning to purchase a flat in Noida must get your act together and go for it now,as twothree years down the line Noida may have exhausted all its land banks. If you are planning to buy your dream house in Noida,don&#039;t delay your programme.Like Delhi,this fast developing sub-city is going to get saturated pretty soon.Believe it or not,after two-three years,entry here can be a very daunting task as the place would have exhausted its stock of land. According to Noida&#039;s land bank report,the area has been stretched into 23,000 hectare of land.Out of 23,000 hectare,15,000 hectare has been planned for development.Out of this,almost 80% has already been completed.Realtors believe it is now time to move towards Greater Noida Extension as it is expected to have 54,000 hectare.]]></description>
			</item><item>
            <title><![CDATA[End users shy: investors drive demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6405</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 06:54:30 +0530</pubDate>
			<description><![CDATA[The Times of India- Premium residential prices are increasing month on month and the demand is only investor driven.It is amply clear that there are few end users. Everyone associated with the real estate industry agree that premium residential projects have seen the maximum price hike.Some attribute it to paucity of good housing projects and others to a general &#039;feel good&#039; factor making people regain deep pockets,thus enabling them to invest and spend. Real estate is the only industry where the product doesn&#039;t have a fixed MRP and changes from month to month depending on uptake. There is no doubt that mindless trading is at work in premium residential projects and real estate is just a commodity that investors are trading,just as they would with stocks or gold or mutual funds.In fact,the majority of people who are booking property in upscale residential projects comprise the local investor/financiers.Consultants indicate that there is data that suggests that the local investors comprise a majority of the segment which makes bookings in property.]]></description>
			</item><item>
            <title><![CDATA[Spreading the Green word]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6404</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 06:51:24 +0530</pubDate>
			<description><![CDATA[The Times of India- In keeping with the trend of building environmentally sustainable and energy efficient buildings,an NCR developer is coming up with a project in Noida which promises both. Logix Group is coming up with Blossom Greens,which is strategically located in Sector 143,Noida and is close to the corporate and commercial districts of the city.It is also at a walking distance from the proposed Metro station and en route to Formula One racing track.The project will have 2-, 3-, 4BHK apartments,penthouses and independent villas.Though it is a world-class project,it will also cater to the needs of the common man as the price of the apartments start at Rs 22.90 lakh.The project was launched on July 7,and we will deliver it in 18 month, says Shakti Nath,CMD of Logix Group.Blossom Greens is spread over a lush 25 acre plot and is the best project in the NCR.It is located on the expressway and is a 10-minute drive from South Delhi.I]]></description>
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            <title><![CDATA[Shift to base rate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6403</link>
			<source>The Times of India</source>
			<pubDate>Sat, 17 Jul 2010 06:48:59 +0530</pubDate>
			<description><![CDATA[The Times of India- It is advisable for existing customers who have taken home loans from banks at variable rate of interest to shift to the new base rate as their benchmark in order to avail the benefit of any lowering of rates in future. Interest rates in the country have started firming up with an uptick in the growth rate of the economy.Even the Reserve Bank of India (RBI) is increasing the policy rates,which would lead to a rise in the interest rates,to contain the rising inflation in the country.On July 2,in order to contain price rise,RBI increased its repo rate the rate at which it lends short-term funds to banks by a quarter of a percentage point to 5.50%,amidst prevailing tight liquidity conditions in the banking sector.This is likely to push up the interest rates on all loans including home and car loans.]]></description>
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            <title><![CDATA[Sunrise in Shimla]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6402</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 17 Jul 2010 06:30:34 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- It&#039;s a slow turnaround, but the real estate market of Shimla is finally looking up. Realty in Shimla, the capital of Himachal Pradesh, is showing some signs of recovery after a gap of at least four years. The last couple of years for the city, popularly known as the `Queen of Hills&#039;, were the toughest in terms of stagnation in the market, followed by price correction. The city has struggled to attract investors in the residential segment during this period. The trends are changing now thanks to some `good locations&#039; in the city that are generating good returns for an investor.]]></description>
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            <title><![CDATA[Confer ind status on retail sector: Assocham]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6401</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Jul 2010 06:28:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Industry body Assocham today said it has urged the government to confer industry status to the retail sector at a time when the industry ministry has thrown open a debate for allowing foreign direct investment in the sector. The chamber said it has submitted a note to ministries, including finance, commerce and industry and consumer affairs, urging them to confer industry status to the retail sector, which would lead to its further development.]]></description>
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            <title><![CDATA[Hidden potential]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6400</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 17 Jul 2010 06:28:32 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The new Master Plan of Delhi (MPD) 2021 may hold the key to their problems. It has a provision for the cluster block approach wherein existing plot owners can pool in their individual properties and redevelop them into apartments with better amenities and greater FAR. For the uninitiated, the MPD has provisions to encourage redevelopment through private participation -to redevelop either single units or through amalgamation. It also calls for voluntary participative development in the rural areas. The cluster block approach allows existing plot owners to pool in their properties to arrive at the magic number of 3000 sq m, the minimum requirement as far as the size of the plot is concerned. Likewise, for tapping into the land in the villages, unauthorised colonies and resettlement colonies, the MPD envisages a policy for 2000 sq m. The Master Plan encourages redevelopment and redensification due to the ever increasing population in Delhi.]]></description>
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            <title><![CDATA[Finmin seeks SEZ tax breach data]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6399</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Jul 2010 06:23:56 +0530</pubDate>
			<description><![CDATA[The Financial Express- In what looks like building a case for denying tax incentives for new special economic zones (SEZs) as proposed in the draft Direct Taxes Code (DTC), the government has started an exercise to ascertain whether and how these sops are being misused by the zones. Finance minister Pranab Mukherjee has written to all chief commissioners and field formations in the direct and indirect tax departments to bring to the table all the cases of violations and tax evasion or tax avoidance by SEZ developers.]]></description>
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            <title><![CDATA[CREDAI inaugurated Second Annual Convention of NAR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6398</link>
			<source>India Infoline News Service</source>
			<pubDate>Sat, 17 Jul 2010 06:18:53 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- T. Chitty Babu, President CREDAI inaugurated the Second Annual Convention of the National Association of Realtors (NAR) today at Radisson Resort Temple Bay at Mamallapuram. GRK Reddy, Chairman, Marg Group gave the keynote address on the topic  “ Marketing an Integrated Township”. Around 500 delegates from all over India are participating in this two-day National convention being hosted by the Chennai Real Estate Agents Association. With the economy back on growth mode the construction and the real estate activity has picked up considerably giving a fillip to all the realtors. The convention aims at professionalizing the entire operational systems of the broking community.]]></description>
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            <title><![CDATA[Bill to impact end consumer: Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6397</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 17 Jul 2010 06:17:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real estate industry body Confederation of Real Estate Developers’ Associations of India (Credai) on Friday said that the proposed regulation bill to control malpractices in the real estate sector would have a detrimental impact on the end consumer]]></description>
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            <title><![CDATA[Pallonji group to set up real estate fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6396</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Jul 2010 06:16:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Construction major Shapoorji Pallonji &amp; Co will set up a real estate fund in the next one year. The fund will focus on investments in the domestic market, according to Shapoor Mistry, chairman of Eureka Forbes, a part of the Shapoorji Pallonji group.]]></description>
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            <title><![CDATA[Nine months on, Sahara IPO still stuck with Sebi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6395</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Jul 2010 06:14:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- An initial share sale from the real estate arm of the Lucknow-based Sahara group has been delayed because of complaints from investors in some of its schemes. The complaints, said to be more than 100, have resulted in the Securities and Exchange Board of India (Sebi) taking an unusually long time to clear the IPO application of Sahara Prime City, the real estate arm of the company, said a banker familiar with the company’s IPO. “Most have been addressed. However, some are pending,” he said.]]></description>
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            <title><![CDATA[Realtors urged to look at industrial opportunities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6394</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Jul 2010 06:13:29 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Realtors should look at offering value-added services and new business segments beyond just broking land and property deals, feel developers and infrastructure players.]]></description>
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            <title><![CDATA[Tax havens turn a big draw for investments from India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6393</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 17 Jul 2010 06:12:17 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Outbound foreign direct investment by Indian companies in tax havens such as the British Virgin Islands and the Channel Islands has seen a quantum jump in FY2010 compared with the previous financial year.]]></description>
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            <title><![CDATA[CCCL forms JV with TN govt for SEZ on food processing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6392</link>
			<source>Business Standard</source>
			<pubDate>Sat, 17 Jul 2010 06:11:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Consolidated Construction Consortium  today entered into a joint venture with Tamil Nadu Industrial Development Corporation for setting up a Special Economic Zone on Food Processing in Tuticorin District.CCCL Infrastructure Ltd (CIL) Chairman R Sarabeshwar and Industries Secretary and TIDCO Chairman Rajeev Ranjan exchanged documents in the presence of Tamil Nadu Deputy Chief Minister M K Stalin, an official release here said.]]></description>
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            <title><![CDATA[Tax benefits on home loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6391</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Jul 2010 06:09:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- As the deadline for filing IT returns comes closer, home loan borrowers should be aware of the tax benefits. There are tax benefits available on home loans. The tax benefits can be claimed on both the principal and interest components of a home loan. These deductions are available to assessees who have taken a loan to either buy or build a house, under Section 24(b).]]></description>
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            <title><![CDATA[Big ticket realty deals: Weekly roundup]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6390</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Jul 2010 06:08:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- A residential apartment spread across 1,614 sq ft located in Carmichael Road was sold for a sum of Rs 12,20,00,000. The apartment located in the existing building commanded an average price of Rs 75,500 per sq ft, which is only marginally higher than the current range for Rs 45,000–70,000 per sq ft. Carmichael Road, along with other neighbouring areas including Altamount Road, Malabar Hill, Napeansea Road, Breach Candy and Peddar Road, enjoys proximity to South Mumbai and the central business district (CBD).]]></description>
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            <title><![CDATA[Affordable housing: Now owning a home isn&#039;t a distant dream]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6389</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Jul 2010 06:07:05 +0530</pubDate>
			<description><![CDATA[The Economic Times- The importance of affordable housing is undeniable. The sudden growth that our economy saw and the following recession have taught both the common man and their service providers a lot.When the annual GDP growth rate hit double digits, everything seemed heading upwards. Thus, prices for houses, vehicles and every other essential and nonessential commodity were on the rise. Everybody had the moolah or could arrange for the same in no time,thanks to the personal loans that banks offered the Aam Aadmi. Never mind what happened when recession hit.]]></description>
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            <title><![CDATA[Sign the right agreement, while buying a home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6388</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 17 Jul 2010 06:05:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Home seekers are always advised to make sure that the sale/purchase agreement is in the prescribed form, while entering into an accord with a builder. Otherwise, home buyers may find that the agreement provided by the builders has additions and alterations, working to the benefit of the developer.The agreements drafted by builders may feature terms and conditions that are contrary to the provisions of the Maharashtra Ownership of Flats Act and Rules, as well as the Maharashtra Cooperative Societies Act.]]></description>
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            <title><![CDATA[SEs get a free hand to decide on F&amp;O physical settlement]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6387</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 16 Jul 2010 06:21:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Securities and Exchange Board of India (Sebi) has left it to stock exchanges to decide on whether to offer physical settlement of trades in stock futures and stock options (F&amp;Os). In physical settlement, the seller will have to deliver the underlying shares at the time of expiry, if his position has not been squared off till then. Similarly, the buyer will have to take delivery of shares, if his position is open at expiry.]]></description>
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            <title><![CDATA[Sharma to pursue SEZ tax issue with Pranab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6386</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 16 Jul 2010 06:19:47 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Commerce and Industry Minister, Mr Anand Sharma, is likely to meet the Finance Minister, Mr Pranab Mukherjee, soon again to dispel the Finance Ministry&#039;s “doubts” on special economic zones (SEZ) and to ensure continued tax incentives for new units in SEZs, the Commerce Ministry officials told Business Line.]]></description>
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            <title><![CDATA[Maharashtra notifies 1 per centage VAT on property sale agreements]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6385</link>
			<source>Business Standard</source>
			<pubDate>Fri, 16 Jul 2010 06:18:00 +0530</pubDate>
			<description><![CDATA[Business Standard- Property buyers in Mumbai and the rest of Maharashtra will now have to spend more, as the state government has issued a notification on the imposition of 1 per cent value added tax (VAT) on the contract price of flats mentioned in the agreement of sale registered on or after April 1.]]></description>
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            <title><![CDATA[Retirement Havens]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6384</link>
			<source>Moneylife Personal Finance Magazine</source>
			<pubDate>Fri, 16 Jul 2010 06:16:47 +0530</pubDate>
			<description><![CDATA[Moneylife Personal Finance Magazine- India’s rising income levels, life expectancy and nuclear families are yielding a well-deserved bonanza for its senior citizens—retirement homes. “When I retired from my private-sector job, I realised that my wife would also like to retire from her home management chores. That is when we decided that we must both retire and opted to live in a retirement home, where all our basic needs are taken care of. We have not regretted the decision,” a senior citizen told Moneylife.]]></description>
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            <title><![CDATA[Oman and India Establish Joint Investment Fund]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6383</link>
			<source>Global Arab Network</source>
			<pubDate>Fri, 16 Jul 2010 06:15:34 +0530</pubDate>
			<description><![CDATA[Global Arab Network- Oman and India has signed an agreement to set up the Omani-Indian Joint Investment Fund between the  State General Reserve Fund (SGRF) and the State Bank of India (SBI) with a paid-up capital of $100 million equally between the two sides in the presence of Ahmed bin Abdulnabi Macki, National Economy Minister and Deputy Chairman of the Financial Affairs and Energy Resources Council, his accopanying delegation, Shri Pranab Mukherjee, Finance Minister and a number of officials at the Indian government.]]></description>
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            <title><![CDATA[Rent Control Act: Court to hear tenants, traders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6382</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 16 Jul 2010 06:14:31 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi High Court on Thursday said it will give a hearing to the Federation of Delhi Trade Association in a petition filed in the court recently demanding scrapping of the &#039;outdated&#039; Delhi Rent Control Act (DRCA). A group of women landlords, led by one Shobhna Aggarwal had, in April, challenged the Act representing a large number of property owners who have been getting paltry rents for the prime commercial properties they let out. The case is set to come up for hearing soon.]]></description>
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            <title><![CDATA[MCD DRIVE TO COLLECT MORE TAX FROM GOVT PROPERTIES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6380</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 16 Jul 2010 06:12:10 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Municipal Corporation of Delhi&#039;s (MCD) High Powered Tax Committee has asked the Property Tax Department to prepare a list of government properties so that further action to realise service charges can be taken. The provisions include issuance of a show cause notice, imposition of 20 per cent penalty, recovery of tax amount by attachment and sale of moveable and immoveable property.]]></description>
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            <title><![CDATA[Realty cos to be allowed to skip SPV route for ECBs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6379</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Jul 2010 06:10:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government is looking at relaxing external commercial borrowing (ECB) norms for real estate companies to help them raise overseas debt on more comfortable terms. The idea is to let the parent realty company raise ECBs directly. Currently, ECBs are restricted to special purpose vehicles (SPVs) floated by the companies for specific projects. The relaxation will also come with the caveat that companies must compulsorily open exclusive escrow accounts for the ECB proceeds to ensure they are utilised for the projects earmarked for them.]]></description>
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            <title><![CDATA[LIC Housing Fin posts 71% jump]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6378</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Jul 2010 06:07:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- LIC Housing Finance today posted a 71.21 per cent jump in net profit at Rs 212.01 crore for the quarter ended June 30, fuelling a rally in shares to touch its highest-ever level. The company had posted a net profit of Rs 123.83 crore for the corresponding quarter of the 2009 fiscal, LIC Housing Finance said in a filing to the Bombay Stock Exchange.]]></description>
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            <title><![CDATA[&#039;Home prices at pre-slowdown peaks&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6377</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 16 Jul 2010 06:06:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- Leading home-loans lender, HDFC, feels that residential real estate prices in the country are hitting the peak levels observed pre-slowdown. There is an improved economic sentiment and developers have started charging premiums as land prices have also suddenly started going up...prices are getting to the peak levels. Such trends are observed in India&#039;s most active markets of NOIDA in the NCR, western suburbs of Mumbai and a Bangalore suburb to illustrate,.]]></description>
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            <title><![CDATA[Puravankara unveils Rs 350 crore project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6376</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Jul 2010 06:31:23 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Spread over 12.75 acres, Purva Skywood has green verges, designer landscaping and rainwater harvesting The scheme has 2, 3, 4 bedroom apartments with sizes ranging between 1,263 sq ft and 2,340 sq ft]]></description>
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            <title><![CDATA[Acron launches housing units for seniors in Goa]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6375</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Jul 2010 06:30:26 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Vivara Residences of the Acron Gr oup, a Goa-based ch ain of ex clusive housing complex for the elderly population, promises to offer a perfect blend of the two — live long with all wishes fulfilled.]]></description>
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            <title><![CDATA[Vasathi announces two housing projects in AP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6374</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Jul 2010 06:29:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- HYDERABAD-BASED Vasathi Housing and Infrastructure is developing two residential properties in the city. The company commenced operations last year with the launch of these two gatedcommunity projects under the name, Vasathi Navya and Vasathi Anandi. The construction is slated to begin in August.]]></description>
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            <title><![CDATA[Trendy peripherals]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6373</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 15 Jul 2010 06:28:26 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- NE OF the unwritten rules or the more commonly accepted yardstick of high volume sales in the real estate sector is the purchase and expression of interest in commercial properties or what is known as office space. And the first half of the calendar year 2010 has shown some early promise through the peripheral business districts of the country’s important metros.]]></description>
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            <title><![CDATA[Centre okays IT/ITeS SEZ in Kochi Infopark phase 2]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6372</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 15 Jul 2010 06:26:19 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Centre has granted formal approval for the development of an IT/ITeS Special Economic Zone on approx 31 acres of Phase II of the Infopark project here.]]></description>
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            <title><![CDATA[Parking woes impact lease rentals in secondary CBDs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6371</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:25:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- Apart from Nariman Point and BKC, the secondary CBDs, like Parel or Andheri-Kurla Road have seen this problem grow across the past few months. Kamala Mills has stopped cabs and cars that do not have their sticker, from entering the premises and there&#039;s little space available for parking, on the roads outside Kamala Mills. Andheri-Kurla Road has turned into a nightmare for those who visit any commercial property situated here, in their own vehicle]]></description>
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            <title><![CDATA[Base rate system good for realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6370</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:24:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- The RBI’s policy, of moving the banking system away from BPLR to the ‘base rate’ system, is expected to have a positive impact on the overall debt markets, in terms of transparency and competitiveness. Since current home loan rates are already around the 8-9% mark, which is close to the base rates announced by banks, the immediate impact for new loans will be negligible]]></description>
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            <title><![CDATA[Entries open to Holcim&#039;s awards for sustainable construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6369</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:23:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Switzerland-based Holcim Foundation for Sustainable Construction, a part of the cement major, Holcim Group, has announced the third edition of its ‘International Holcim Awards for Sustainable Construction’.]]></description>
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            <title><![CDATA[Will upcoming real estate IPOs succeed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6368</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:21:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Indian investment market will not blindly put money in real estate IPOs anymore and this is because there are issues that go beyond market sentiment, says Pankaj Kapoor, CEO of real estate research and analysis firm, Liases Foras. &quot;Valuations have been a problem for real estate IPOs in the past and we have seen some companies, whose IPOs have been delayed, offering valuation discount to pre-money. Investing in a real estate IPO requires as much due diligence, as when it comes to buying real estate]]></description>
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            <title><![CDATA[HDFC to keep rates stable even if RBI tightens policy: Mistry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6367</link>
			<source>Business Standard</source>
			<pubDate>Thu, 15 Jul 2010 06:19:59 +0530</pubDate>
			<description><![CDATA[Business Standard- Home loan borrowers have something to cheer in the era of rising interest rates. The country’s largest home loan player, Housing Development Finance Corporation (HDFC), on Wednesday said it will not hike interest rates even if the central bank signals an upward movement in the monetary policy on July 27.]]></description>
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            <title><![CDATA[Piramals to pay around Rs 600 crore to regain control of Crossroads]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6366</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:18:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Piramal family will soon regain control of the mall in Central Mumbai that provided many in this sprawling megapolis their first experience of shopping outside the neighbourhood corner store.]]></description>
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            <title><![CDATA[Unaffordable real-estate prices force retailers to shelve expansion plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6365</link>
			<source>Moneylife Personal Finance Magazine</source>
			<pubDate>Thu, 15 Jul 2010 06:17:18 +0530</pubDate>
			<description><![CDATA[Moneylife Personal Finance Magazine- High rental rates and scarcity of retail space in good locations are discouraging retailers from going ahead with their expansion plans. Existing unaffordable prices and sheer misbehaviour of real-estate developers are forming a roadblock to the growth of the organised retail industry in India.]]></description>
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            <title><![CDATA[HDFC results show housing demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6364</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 15 Jul 2010 06:16:33 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Housing Development Finance Corp. Ltd&#039;s (HDFC) profit before tax (PBT) for the June quarter, at Rs966.59 crore, was higher by Rs186.67 crore, or 24%, over the PBT during the corresponding quarter last year. What was the reason for this increase? Not interest on loans, which was almost exactly the same as during the June quarter last year. The increase in home prices has not yet had any impact on loan demand. The HDFC stock has beaten the BSE Bankex in recent times, although the stock now trades at a high 5.5 times book value as on 30 June. Real estate prices are a concern, but then incomes too are rising.]]></description>
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            <title><![CDATA[Reality check on realty stocks  time to buy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6363</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 15 Jul 2010 06:16:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- The unabated flow of funds from foreign institutional investors has driven Indian stock markets to 52-week highs. The rally has been led by realty stocks with the BSE Realty Index outperforming all other sectoral indices.]]></description>
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            <title><![CDATA[PANEL FORMED TO INFORM MCD OF DANGEROUS BUILDINGS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6362</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 15 Jul 2010 06:13:34 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Corporation of Delhi (MCD) on Wednesday announced to form a panel of structural engineers which will advise the civic body on structural safety status of buildings in the city. The Standing Committee discussed the issue of buildings constructed in an unauthorised manner in the capital.]]></description>
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            <title><![CDATA[Ambani, Wadhwa to jointly develop BKC plot]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6361</link>
			<source>livemint</source>
			<pubDate>Thu, 15 Jul 2010 06:12:11 +0530</pubDate>
			<description><![CDATA[livemint- Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), is close to signing an agreement with The Wadhwa Group, a Mumbai-based realtor, to jointly develop a 2.5-acre plot at the Bandra Kurla Complex (BKC) in suburban Mumbai, two bankers familiar with the development and a Wadhwa group official said.
Ambani acquired the plot in 2006 in an auction by the Mumbai Metropolitan Region Development Authority (MMRDA) to develop as a commercial space. The land will first be transferred into a special purpose vehicle (SPV) floated by the Wadhwa group. The SPV will then pay MMRDA for additional floor space index (FSI) for the project. FSI is the ratio of permissible built-up area to the size of the plot. Construction of the project is scheduled to commence some time in the next three months. Finally, Ambani will get a part of the developed commercial space with the option to sell or retain it.]]></description>
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            <title><![CDATA[Govt moves to woo retail investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6360</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 15 Jul 2010 06:10:11 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- In a bid to invite non investors to invest on a large scale and at the same time spread awareness on the Investor Protection Act, the Ministry of Corporate Affairs is taking an action-oriented approach to draw investors towards the capital market. Besides encouraging the retail participation in the growth of the corporate sector the mass-movement endeavour is also about helping the common man make informed investment decisions and create awareness regarding his rights.]]></description>
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            <title><![CDATA[Rising property prices, falling sales volume worry analysts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6359</link>
			<source>livemint</source>
			<pubDate>Thu, 15 Jul 2010 06:08:51 +0530</pubDate>
			<description><![CDATA[livemint- The euphoria in the real estate sector over the return of demand, robust sales and multiple project launches seems to be over, say analysts, but they see higher quarterly profits for India&#039;s top two realty firms. Rising property prices and low sales volume in the April- June quarter are reasons for worry, they say, adding that prices are unlikely to go down, particularly in markets such as Mumbai and the National Cap- ital Region (NCR), which in- cludes New Delhi. Residential property prices in Mumbai and NCR have in- creased 20-30% since March 2010, reaching new highs, while sales have started to dry up. The number of real estate transactions in Mumbai fell below 6,000 in May after 11 straight months of deals higher than that number.]]></description>
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            <title><![CDATA[British MP opposes FDI in India retail]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6358</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 15 Jul 2010 06:07:07 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Opposition to foreign direct investment (FDI) in the country&#039;s retail sector from an unlikely quarter &shy; Britain, which is a key point of origin for companies looking to build supermarkets in India. British MP David Amess told Hindustan times that the Indian Government to tread “very carefully“ if it opened up the multibrand retail sector to FDI because the entry of companies like UK-based retailer Tesco would “literally change the fabric of life in India“ by endangering small shops. The government is currently holding consultations on allowing companies such as USbased Wal-Mart, France&#039;s Carrefour and Tesco to come in. Critics have urged the government to insert safety clauses following protests from small independent retailers that potentially face closure.]]></description>
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            <title><![CDATA[Inflation up, EMIs to follow]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6357</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 15 Jul 2010 06:04:55 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- With India&#039;s inflation rate galloping to 10.55 per cent in June, up from 10.16 per cent in May, a hike in interest rates is widely expected -and soon. So expect EMIs to go up. The higher inflation rate in June partly reflects the hike in fuel prices that came into force on June 25. But economists said the full impact of the fuel price hike would be visible only in the July inflation figures.
All eyes are now on the Reserve Bank of India&#039;s (RBI&#039;s) July 27 meeting for the quarterly monetary policy review.]]></description>
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            <title><![CDATA[LOANS IN DEMAND - HDFC&#039;s profit up 23% for June quarter, but misses expectations]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6356</link>
			<source>livemint</source>
			<pubDate>Thu, 15 Jul 2010 06:02:51 +0530</pubDate>
			<description><![CDATA[livemint- It is a signal that buyers are reurning to the property market, India&#039;s oldest mortgage lender Housing Development Finance Corp. Ltd (HDFC) on Wednesday reported a 23% in- crease in net profit to Rs694.59 crore for the first quarter ended June. HDFC&#039;s loan book, at Rs1.02 trillion, has grown 16.7% over the corresponding period last fiscal, with loans to individuals rising 16.9% to Rs64,137.53 crore. HDFC&#039;s net interest income was Rs935.34 crore, against Rs726.6 crore in the same quarter last fiscal, while treasury operations had zero in- come, down from Rs51.31 crore last year.]]></description>
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            <title><![CDATA[IL&amp;FS to invest $60 m in hotel projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6355</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 15 Jul 2010 06:00:46 +0530</pubDate>
			<description><![CDATA[The Financial Express- : Infrastructure Leasing &amp; Financial Services Limited, through its subsidiary, IL&amp;FS Investment Managers Limited (IIML), plans to invest around $50-60 million (around Rs 235-282 crore) in the Indian hospitality industry during the current financial year. IIML, one of the oldest private equity firms in India with over $2.8 billion under management, has been active in the hospitality space for over eight to nine years. It has, till date, made investments of around $100 million (Rs 470 crore) in the sector.]]></description>
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            <title><![CDATA[High Court backs MCD&#039;s plan to build `five-star&#039; public toilets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6354</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 14 Jul 2010 06:31:04 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi High Court on Tuesday cleared the legal hurdles in the way of Municipal Corporation of Delhi&#039;s (MCD) ambitious plans to build air-conditioned luxury toilets in major markets across the capital. The civic agency plans to build 218 such toilets, which would have coffee shops on the first floor and a flower shop adjacent to it, before the Commonwealth Games this October.]]></description>
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            <title><![CDATA[India Lands in a Mess]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6353</link>
			<source>Wall Street Journal</source>
			<pubDate>Wed, 14 Jul 2010 06:10:38 +0530</pubDate>
			<description><![CDATA[Wall Street Journal- Bollywood star Amitabh Bachchan cannot buy a piece of farm land outside Mumbai, the city he made his home 40 years ago, because he has first to prove that he or his family are farmers in his home state of Uttar Pradesh. A businessman ended up paying twice for a piece of land in a Himalayan mountain village in Uttarakhand because he discovered he had originally bought it from someone who didn&#039;t actually own the land. A man in Delhi sold his ancestral property without the consent of other members of the family.]]></description>
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            <title><![CDATA[Portfolio managers, NBFCs raise exposure to realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6352</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Jul 2010 06:09:18 +0530</pubDate>
			<description><![CDATA[Business Standard- Flush with money from a swelling investor kitty, portfolio managers are increasing their exposure to realty projects. The lacklustre growth in equity market share also led to this. While home prices in Mumbai and the national capital region (NCR) have increased 20-30 per cent since March, to new highs, the BSE Sensex, the country’s key equity index, has grown by nearly seven per cent in the same period]]></description>
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            <title><![CDATA[GURGAON DECLARES WAR AGAINST CIVIC BODY, SAYS NO TO HOUSE TAX]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6351</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 14 Jul 2010 06:08:47 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Residents here are up in arms against the house tax assessment notices slapped on them by the Municipal Corporation of Gurgaon (MCG). The Joint Action Forum of RWAs (Jafra), which claims to represent 150 resident associations, is going door-to-door asking residents not to pay up. Hoping to collect Rs 350 crore from the 3 lakh-odd property owners here, the MCG has brought self-occupied houses into the tax ambit.]]></description>
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            <title><![CDATA[Sanjeev Sanyal: The Art of public housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6350</link>
			<source>Business Standard</source>
			<pubDate>Wed, 14 Jul 2010 06:07:44 +0530</pubDate>
			<description><![CDATA[Business Standard- The government’s plan to make India “slum free” is taking shape. Peruvian economist Hernando de Soto is being roped in to provide inputs. An ambitious scheme called the Rajiv Awas Yojana is being designed. This is a very important area because it goes to the crux of how to accommodate 300-400 million people in urban India in the next three decades. The urbanisation process will redefine the country within a generation and we need to get it right. In previous columns, I have argued that we need to think of slums as “routers” in the migration process and that the property rights of the urban poor are not just about real estate ownership (“Slums defy concrete solutions”, BS, December 9 2010, and “Property rights for future migrants”, BS, March 10, 2010). In this article, I will look at the critical role that public housing can play in guiding the urbanisation process.]]></description>
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            <title><![CDATA[China realty crackdown bites but investors bullish]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6349</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 14 Jul 2010 06:07:11 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- China&#039;s banking regulator left few doubts that efforts to rein in real estate speculation will remain in place despite media reports of easing restrictions in some cities. That helped to trigger some profit taking in Asian stocks after three days of gains. Despite concerns that Beijing will maintain its curbs on property speculation, bargain hunters have their eyes peeled for opportunities in Chinese propertyrelated stocks.
A survey of investors by Macquarie Securities showed that while 78 per cent of respondents expected property prices to fall by the end of March 2011, the real estate industry was the top pick of where investors said they would increase exposure in the next six months.]]></description>
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            <title><![CDATA[Videocon SEZ gets Centre&#039;s approval]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6348</link>
			<source>livemint</source>
			<pubDate>Wed, 14 Jul 2010 06:05:39 +0530</pubDate>
			<description><![CDATA[livemint- Amid doubts over continuation of tax sops to new special economic zones (SEZs), the government on Tues day approved three fresh proposals, including that of Videocon Industries Ltd. The board of approval (BoA) in the commerce ministry met in this backdrop and cleared the only three applications before it. It also gave extensions to 24 developers which included GMR Hyderabad International Airport (P) Ltd, Unitech Kochi SEZ Ltd and K Raheja Corp.]]></description>
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            <title><![CDATA[Canara Bank&#039;s housing loan campaign]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6347</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 14 Jul 2010 06:05:02 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Canara Bank Housing Finance Central Processing Unit at Madurai is holding a special housing loan campaign from July 19 to 24 in its premises at Pandian House at West Perumal Maistry Street in the city]]></description>
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            <title><![CDATA[Reliance Retail plans to boost nonfood business]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6346</link>
			<source>livemint</source>
			<pubDate>Wed, 14 Jul 2010 06:04:15 +0530</pubDate>
			<description><![CDATA[livemint- Mukesh Ambanowned Reliance Retail Ltd wants to aggressively expand non-food retail as consumer confidence returns, said Bijou Kurien, president and chief executive of its lifestyle business segment.
The non-food retail formats, such as Reliance Digital, Reliance TimeOut, Reliance Home Kitchen, Reliance Jewels, Reliance Trends, are spread over around 300 stores and clubbed under the speciality business. Each of these speciality re- tail chains, barring, maybe, the single-brand luxury retail brands, will cross 100 stores in the next three years.]]></description>
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            <title><![CDATA[Essar&#039;s SEZ in Gujarat de-notified; Videocon plan gets Govt nod]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6345</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 14 Jul 2010 06:03:49 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Centre on Tuesday gave its nod for the de-notification of Essar&#039;s engineering Special Economic Zone (SEZ) in Gujarat.It also approved three fresh proposals for SEZs, including an in-principle clearance for the 100-hectare electronics hardware and software SEZ in Navi Mumbai by Videocon Industries.]]></description>
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            <title><![CDATA[Real Estate Developers launch mega-budget projects in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6344</link>
			<source>MyBangalore</source>
			<pubDate>Wed, 14 Jul 2010 06:02:29 +0530</pubDate>
			<description><![CDATA[MyBangalore- Bangalore property market is slowly looking up and property prices are not as high as other cities in India. Also, many builders are launching new projects in the city. Sobha and Mantri builders have launched big budget ventures in Bangalore!]]></description>
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            <title><![CDATA[Plan panel, PMEAC hint at rate hike]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6343</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 14 Jul 2010 06:02:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- Two weeks before the Reserve Banks of India&#039;s (RBI) quarterly monetary policy review, the Planning Commission and the Prime Minister&#039;s economic advisory council (PMEAC) have hinted at the need for a hike in the key policy rates. This has strengthened the expectation of a 25 basis points (bps) hike in repo and reserve repo rate on the July 27 policy review. The RBI has already hiked the key policy rates thrice, by 25 basis points each, since mid-March to tame inflation. The headline inflation in May stood at 10.16%, way above RBI&#039;s comfort zone of 5.5%.]]></description>
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            <title><![CDATA[RE/MAX forays into real estate brokerage]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6342</link>
			<source>Franchise News</source>
			<pubDate>Wed, 14 Jul 2010 06:00:19 +0530</pubDate>
			<description><![CDATA[Franchise News- RE/MAX an international real-estate company has tied up with Franchise India Holdings Ltd (FIHL) for its foray into real estate brokerage. It is further planning to expand its service portfolio from a leading business brokerage consultancy to a 360 degree franchise support.]]></description>
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            <title><![CDATA[Interest in SEZs waning on uncertainty over tax sops]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6341</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Jul 2010 05:58:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- The uncertainty over tax benefits for special economic zones, or SEZs, arising out of the proposals in the draft direct taxes code seems to have started impacting flow of investments into these enclaves. The number of new applications for setting up dropped to three this month.]]></description>
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            <title><![CDATA[Govt clears Videocon SEZ, defers decision on environment norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6340</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 14 Jul 2010 05:57:47 +0530</pubDate>
			<description><![CDATA[The Economic Times- Amid doubts over continuation of tax sops to new Special Economic Zones (SEZs), the Government today approved three fresh proposals including that of Videocon Industries.]]></description>
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            <title><![CDATA[Hilltop development: realty sector eyes Rs 2,000 cr business through farmhouses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6339</link>
			<source>The Indian Express</source>
			<pubDate>Tue, 13 Jul 2010 06:10:19 +0530</pubDate>
			<description><![CDATA[The Indian Express- With the decision to allow four per cent development in 2,500 acres of hilltops and hill slopes of the 23 merged villages, the city is not only gearing to generate additional business of around Rs 2,000 crore in the realty sector, but it seems set to give rise to a new genre of construction in the form of farmhouses.]]></description>
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            <title><![CDATA[Embassy Property files prospectus for $513 mn IPO]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6338</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 13 Jul 2010 06:09:03 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Real estate firm Embassy Property Developers plans to raise as much as 24 billion rupees ($513 million) through an initial public offering of shares, according to the prospectus filed on Monday. UBS, Nomura, Citi and local investment bank Edelweiss Capital are book running lead managers for the issue, according to the draft prospectus  available on the Edelweiss website.]]></description>
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            <title><![CDATA[Govt panel has thin agenda due to low interest in SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6337</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 13 Jul 2010 06:07:23 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- UNCERTAINTY over tax exemptions to new SEZs and units therein has led to declining interest in the special economic zones (SEZs), as evident from just three fresh applications before the government panel on clearances, for its meeting on Tuesday.]]></description>
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            <title><![CDATA[No export duty on transfer of goods to SEZs, rules SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6336</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Jul 2010 06:06:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The Supreme Court today said transfer of goods to special economic zones (SEZs) from areas outside these tax-free enclaves would not attract export duty.SEZs are legal entities meant for increasing the country’s exports, while areas within India but outside the SEZs are called domestic tariff areas (DTAs).]]></description>
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            <title><![CDATA[Realty in Mohali gains momentum]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6335</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Jul 2010 06:04:48 +0530</pubDate>
			<description><![CDATA[Business Standard- The Greater Mohali Area Development Authority’s (GMADA) dream project, Aerocity, coming over 1,000 acres in Mohali and offering accomodation for 4,000, has evoked an unanticipated response, signalling real estate in the region is moving in a positive direction.]]></description>
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            <title><![CDATA[GVK seeks anchor investor to revive TN SEZ plans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6334</link>
			<source>Business Standard</source>
			<pubDate>Tue, 13 Jul 2010 06:03:28 +0530</pubDate>
			<description><![CDATA[Business Standard- GVK and Tamil Nadu Industrial Development Corporation Ltd (TIDCO) have plans to develop a multi-product SEZ, spread over 3,000 acres, at Perambalur. The SEZ will offer manufacturing facilities to industries like textiles, leather, engineering goods, pharmaceuticals, power, information technology and information technology enabled services, metals, fertilisers, chemicals, floriculture, horticulture and electronics.]]></description>
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            <title><![CDATA[Gitanjali Infra targets Rs 525-cr sales from realty biz in 30 months]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6333</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Jul 2010 06:02:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Gitanjali Infratech, an unlisted subsidiary of gems and jewellery major Gitanjali Group, plans to develop the company&#039;s Andheri and Borivali properties into commercial and residential spaces in two-three years. The company has about eight lakh square feet of real estate space, with both the properties. Around one lakh square feet in Andheri (out of four lakh square feet) will be used for developing commerical and office space. Another 4 lakh square feet at Borivali will be used to build residential projects. The company expects revenues of around Rs 525 crore from the two projects in the next two-three years, on the investments of around Rs 100 crore in the same period.]]></description>
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            <title><![CDATA[Export duty on goods supplied from DTAs to SEZs unjustified, says SC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6332</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Jul 2010 05:59:32 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government&#039;s bid to levy export duty on goods supplied to Special Economic Zones from the rest of the country was scuttled with the Supreme Court saying that the extant law doesn&#039;t permit such a levy. Currently, sales by SEZ units to domestic tariff area are subject to a Customs duty as SEZs are designated tax-free zones with an obligation to be net forex earners. Although there is no provision in the law for a levy on the reverse sale, the Customs authorities have started demanding a tax.]]></description>
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            <title><![CDATA[FDI lock-in period in realty may apply to ‘original’ $5 m]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6331</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Jul 2010 05:57:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Foreign players in the real estate business will soon have a reason to cheer. The department of industrial policy and promotion (DIPP) is considering a proposal which seeks to enable foreign players repatriate profits from their investments in the country save the ‘original investment’, which is $5 million. This means that the minimum lock-in period for foreign direct investment in real estate, which bars repatriation of profits, would only apply to the stipulated original investment, which is pegged at $5 million. Any amount invested over this can be repatriated. According to the foreign direct investment (FDI) regulations, a foreign investor has to bring in a minimum $5 million to participate in a joint venture (JV) with an Indian developer while the rest of the money can be brought in later, in tranches.]]></description>
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            <title><![CDATA[SC says no to customs duty on DTA trade with SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6330</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Jul 2010 05:55:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government’s bid to levy export duty on goods supplied to special economic zones (SEZs) from the rest of the country was rejected on Monday with the Supreme Court saying that the extant law does not permit such a levy. Currently, sales by SEZ units to domestic tariff area (DTA) are subject to customs duty as SEZs are designated tax-free zones with an obligation to be net forex earners. Although there is no provision in the law for a levy on the reverse sale, the customs authorities have started demanding a tax.]]></description>
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            <title><![CDATA[Evaluate your property investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6329</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 13 Jul 2010 05:52:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Investing requires discipline - one can’t blindly invest money without knowing what one is getting into. Investing in real estate is no different. Here is a checklist that you should use when evaluating your property investment. Desirability of the location. This is the single most important criterion to value real estate. 
Reputation of the builder and quality of construction. Payment terms. This is one of the very important aspects of investment. Project approvals and licenses. Floor-space index and carpet area. Demand and supply. Over or under-supply will affect the capital appreciation potential of your investment and also the rental yield you might expect.]]></description>
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            <title><![CDATA[Gitanjali Gems to develop real estate in Mumbai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6328</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Jul 2010 21:40:46 +0530</pubDate>
			<description><![CDATA[The Economic Times- Jeweller Gitanajali Gems plans to develop 100,000 square feet of commercial real estate in addition to the 400,000 square feet land it is already developing in Mumbai&#039;s suburbs, managing director Mehul Choksi said on Monday]]></description>
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            <title><![CDATA[High rentals fail to deter big retailers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6327</link>
			<source>The Times of India</source>
			<pubDate>Mon, 12 Jul 2010 06:42:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Todays new-age traveller is our target audience,as he wants to have a world-class experience (especially in terms of shopping) while travelling.With the newly emerging trend of airport retail,there is an absolute change in the experience of airport shopping. The high price has not proved to be a deterrent for retailers who are queuing up to open outlets.Almost 9,900 parties applied for the 247 units of which 2,133 were evaluated before being selected.All,but two of the shopping units,have already been bought.The charges are highest here as retail spaces can remain open 24x7x365,unlike malls that close at night.]]></description>
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            <title><![CDATA[At DDA office, you tout it out]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6326</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 12 Jul 2010 06:35:42 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Owning a DDA flat or plot is difficult. Getting anything done at the DDA office is even tougher. Harassed, some people opt for the tout solution, others end up running from pillar to post and get nothing. Nearly 50 years after it was established in 1957, the Delhi Development Authority&#039;s (DDA) has come out with a grand vision for 2010: to become a “high performance and people friendly“ organisation. The mission comes not a year too soon for the land development agency.DDA, which refers to itself as the city&#039;s ninth builder, touches the life of almost every second Delhiite. Owning a property in Delhi is not easy. What explains the crowd thronging the DDA offices is the affordable rates at which it sells flats and plots.]]></description>
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            <title><![CDATA[MORE AFFLUENT, SMALLER HOMES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6325</link>
			<source>livemint</source>
			<pubDate>Mon, 12 Jul 2010 06:33:15 +0530</pubDate>
			<description><![CDATA[livemint- This is the 30th in a 33part series on distinct consumer segments, based on a categorization of stage of life and occupation, expenditure and saving spropensity, family structure and psychographics. This week we look at A2--businesspersons with a collegelevel education, married with young children. As all the chief wage earners in this category are self-em- ployed, the sectors of employment are quite diverse-- wholesale and retail trade, manufacturing and construction each account for more than 20% of the sectoral em- ployment. While the first two have traditionally been sectors where entrepreneurs have struck out into after gradua- tion, the third--construction and real estate--has attracted larger numbers in the past de- cade. The insatiable demand in cities spans a range of op- portunities--apartment complexes, row houses, townships, office complexes, farmhouses for the high net-worth individ- uals, etc. Being a “builder“ or a real estate developer is a ca- reer move that has attracted those with the inclination to work independently and the capacity to move through the maze of regulations in local ur- ban bodies.]]></description>
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            <title><![CDATA[AIADA seeks 2,923 acres for expansion at three places]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6324</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Jul 2010 06:30:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Adityapur Industrial Area Development Authority (AIADA), Jharkhand’s premier industrial hub, which has been land-starved for growth for some years now is seeking a total of around 2,923 acres of developed land at three places in the Kolhan region. Spread over 3,000 acres in Seraikela Kharswan district, AIADA, which currently houses around 900 units -- a majority being medium and small ones -- is not in a position today to allot land to severalinvestors who are eager to put up units within its jurisdiction.]]></description>
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            <title><![CDATA[Keep industry off cultivable land: Pawar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6323</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Jul 2010 06:29:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- Food and agriculture minister Sharad Pawar today said while his ministry is not against industry, it is against acquisition of agricultural land with assured crop yields and irrigation facilities.  Addressing the media here on the sidelines of a workshop on &#039;Bringing the Green Revolution to the Eastern Region,&#039; Pawar pointed out that as much as 82 percent of the farmers own less than an acre and 60 percent of such land have no assured water supply.]]></description>
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            <title><![CDATA[Indore SEZ sees huge growth in exports]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6322</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 12 Jul 2010 06:23:18 +0530</pubDate>
			<description><![CDATA[The Financial Express- Special Economic Zone (SEZ), Indore has registered a huge increase in exports in the first quarter of the current financial year.  The exports of Indore-based Greenfield Multi-Product SEZ climbed to Rs 276 crore in the first three months of 2010-11 in comparison to Rs 86 crore in the corresponding period in 2009-10 during economic recession. In 2009-10, the exports from SEZ, Indore had shot up to 15 per cent and touched Rs 494 crore.]]></description>
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            <title><![CDATA[Session on copper slag usage]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6321</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 12 Jul 2010 06:13:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Tuticorin-based Sterlite Industries (I) Ltd (SIIL) organised a technical session in association with the Builders Association of India, on ‘Usage of Copper Slag in Construction Industry&#039; in Tuticorin on Thursday. The objective was to create awareness among the representatives of construction industry on how copper slag when used with sand in concrete gives better strength]]></description>
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            <title><![CDATA[Promoters to exit Northbloc mall project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6320</link>
			<source>Business Standard</source>
			<pubDate>Mon, 12 Jul 2010 06:11:38 +0530</pubDate>
			<description><![CDATA[Business Standard- The retail industry slump appears to be exercising a negative effect on development of new malls. Pride Mall Ltd, the commercial construction arm of the Estate Pride Group, is understood to be looking for a buyer for Northbloc Mall, its upcoming project in Bangalore, according to industry veterans tracking the real estate scene.]]></description>
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            <title><![CDATA[Urban population rising rapidly, to touch 53 crore in 2021]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6319</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 12 Jul 2010 06:10:27 +0530</pubDate>
			<description><![CDATA[The Economic Times- Urban areas in the country are on the verge of bursting at the seams with official data indicating rapid population explosion, which could touch 53 crore in 2021 as against 32 crore approximately in the ongoing census.]]></description>
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            <title><![CDATA[Assocham for relook at realty regulator Bill]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6318</link>
			<source>Business Standard</source>
			<pubDate>Sun, 11 Jul 2010 21:52:37 +0530</pubDate>
			<description><![CDATA[Business Standard- Industry body Assocham today urged the government to review the draft of Real Estate Regulator Bill, saying the provisions are harsh and inimical to the sector.]]></description>
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            <title><![CDATA[Holcim Foundation global competition]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6317</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 11 Jul 2010 09:25:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Swiss-based Holcim Foundation for Sustainable Construction has announced the 3rd International Holcim Awards competition offering a total of $2 million in prize money. It is open to: sustainable building and civil engineering works; landscape, urban design and infrastructure projects; and materials, products and construction technologies.]]></description>
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            <title><![CDATA[Property call to investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6316</link>
			<source>Gulf Daily News</source>
			<pubDate>Sun, 11 Jul 2010 09:24:08 +0530</pubDate>
			<description><![CDATA[Gulf Daily News- PEOPLE in Bahrain who invested in a real estate project in Karnataka, India, have been urged by a top official to register their properties as soon as possible.The plea came from State legislative council member and non-resident Indian (NRI) cell head Captain Ganesh Karnik, who was in Bahrain to meet with investors and assure them their investments were safe.Capt Karnik said the government had taken it upon itself to ensure all investments were protected.He first visited Bahrain in April last year when there were allegations that a man had swindled Indian citizens out of more than BD20 million in bogus land deals.]]></description>
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            <title><![CDATA[Real estate firms growth tapers in June quarter]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6315</link>
			<source>Business Standard</source>
			<pubDate>Sun, 11 Jul 2010 09:22:43 +0530</pubDate>
			<description><![CDATA[Business Standard- The growth seen by real estate companies in recent quarters could taper off in the first quarter of financial year 2010-11. Home sales are moderating in most of the country, following a sharp spurt in prices.Property companies are expected to see around 20 per cent growth in net profit and 38-40 per cent growth in net sales in the June quarter, data culled by leading stock brokerages show. This looks flattish in comparison with the earlier quarter, the January-March quarter of 2009-10. Property companies had posted over 80 per cent growth in profit and sales then, due to a low-base effect, analysts said.]]></description>
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            <title><![CDATA[Benefits of housing start up index]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6314</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:21:13 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Reserve Bank of India (RBI) is going to launch a housing start up index (HSUI) soon. It is meant to track the construction of new houses started in a particular period. It is a measure of the level of construction activity in a given period for a region and is considered as one of the leading indicators of economic activity. New constructions pick up when the business cycle picks up. The index will help gauge activity in the construction sector that employs a significant chunk of the country&#039;s labour force.]]></description>
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            <title><![CDATA[Affordable housing: What does it actually mean?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6313</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:18:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- There is too much of brouhaha about affordable housing these days. But what does that actually mean? What do developers understand by much-touted term? Is it just about reducing the flat area to 550 sq ft at a similar price?Financial Times speaks to real estate developers to understand what the term specifies and what are they doing to support this cause to benefit middle class strata.]]></description>
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            <title><![CDATA[Rapid urbanisation expanding affordable homes market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6312</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:17:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- The term &#039;affordable &#039; is a relative concept . It varies from person to person, and is based as much on perception as on purchasing power. Ideally, from a realtor&#039;s perspective, &#039;affordable&#039; could mean a home costing around Rs 8 lakhs. Now, to build a house at this cost, including registration and deposit expenses, a developer would need land at low rates.]]></description>
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            <title><![CDATA[Globalisation hits Indian real estate sector — Anglicised housing project names, western themes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6311</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:16:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- It’s now common to hear western names for desi housing projects. So, an apartment tucked away in Gurgaon or Noida is often a Daffodil or an Orange County or Hamilton or Lotus Boulevard! Developers are seen coming up with fancy names, with even fancier descriptions in their fourcolour brochures and catalogues: &quot;Kensington Boulevard — as the name implies, the uniqueness of the community is the beautifully landscaped boulevards, inspired from its namesake in the UK. This affluent community will be a collection of uniquely landscaped boulevards, streets nestled in Wish Town, Noida.&quot;]]></description>
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            <title><![CDATA[Affordable homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6310</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:14:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- The 2008 recession created a new segment in the real estate industry - affordable homes. Through the years of the IT driven property boom, especially from the early 2000s, a home meant stretching resources to the maximum. With sky-rocketing prices, many were left out of the race as they could not afford the steep prices. Buying in the outskirts was not considered feasible as the connectivity was inadequate. It did not look like the steep demand for property and the IT boom that pushed the property market would change things either.]]></description>
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            <title><![CDATA[Supertech to launch Capetown in NCR]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6309</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 11 Jul 2010 09:13:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Another Capetown will soon find its place in the NCR. Yes, now people would find a live glimpse of the South African city Cape Town in India too, with skyscraper buildings. A new project by the Supertech Limited, named as Capetown, will come up in Sector 74, Noida, three years from now.]]></description>
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            <title><![CDATA[MCD to take action against illegal buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6308</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 07:47:25 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- MCD commissioner K.S. Mehra on Friday assured strict action against the mushrooming illegal constructions in various East Delhi residential colonies. At a meeting with the representatives of RWAs, he said sanctioned building plans would be revoked if irregularities were found and buildings violating bylaws would be demolished.]]></description>
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            <title><![CDATA[Handling loan issues]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6307</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 07:38:50 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Owning a home, though a treasured wish for many, requires meticulous planning and involves substantial financial considerations. Unless the homebuyer is well-informed or an expert himself, he needs help and guidance to understand the intricacies of the home buying process. The demand for real estate is predominantly a function of the property prices. One of the biggest concerns of present times, is that residential prices have moved up. Homebuyers need not worry about finance as it is available relatively easily. Despite this, most often people focus on `home loan interest rates&#039; when making their home buying decision.
While interest rate plays a role in the entire value chain, buyers need to understand that it is only one link in the long chain. Since rates are floating rates they are likely to change several times during the long loan tenure of 15 to 20 years.]]></description>
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            <title><![CDATA[Liberty of choice]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6306</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 07:36:15 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The options before home buyers today are many but their expectations must be guided by the depth of their pockets A roof over the head was the reasonable expectation of average home buyers not very long ago. But the real estate boom in the last decade has scaled up the liberty of choice for those buyers. While the aspirations of even the middle and lower middle income group with moderate budgets have gone up, there are very many residential projects launched in recent times that seem to fill the gap with the promise of faster deliveries, hi-tech amenities, luxurious lifestyles, lush green surroundings within the affordable range of Rs 20 lakh to Rs 40 lakh.]]></description>
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            <title><![CDATA[Fundamental impact]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6305</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 07:32:29 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The book of accounts of real estate firms will change with the entry of IFRS in India. It&#039;s time they educate their customers April 1, 2011 will see the entry of nternational Financial Reporting Standards (IFRS) in India, with companies covered in the first phase as announced by Ministry of Corporate Affairs, reporting their performance results as per the IFRS converged Indian Accounting Standards.
Real estate sector is expected to be significantly impacted by this change.]]></description>
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            <title><![CDATA[For a better INDIA]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6304</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:29:49 +0530</pubDate>
			<description><![CDATA[The Times of India- Affordable housing would open housing opportunities for more Indians. The importance of affordable housing is undeniable.The sudden growth that our economy saw and the following recession have taught both the common man and their service providers a lot. When the annual GDP growth rate hit double digits,everything seemed heading upwards.Thus,prices for houses,vehicles and every other essential and nonessential commodity were on the rise.Everybody had the moolah or could arrange for the same in no time,thanks to the personal loans that banks offered the Aam Aadmi.Never mind what happened when recession hit.But even during the times when we were basking in economic glory and paving the way for higher standards of living,the basic amenities still remained unattainable or difficult for the common man.This was where affordability comes into play,and affordable housing is an important chain for the common man to fulfill his dream.]]></description>
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            <title><![CDATA[Warped policy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6303</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:24:17 +0530</pubDate>
			<description><![CDATA[The Times of India- The governments policy of levying service tax on housing must be reconsidered if they consider housing to be a big driver of the economy. Barely has the residential real estate market begun to swing back when a spate of new laws have come into force,which may push the prices of the residential units further up.The central government has brought in a service tax of 2.5 per cent on the actual sale value on all under-construction projects beginning July 1.In the last few months,real estate in Mumbai has witnessed an increase in pricing by 30-35 per cent.Developers and industry experts have expressed their dissatisfaction about the issue,more so because at the fundamental level housing is a tangible product which once sold does not have any recurring service value attached to it from the seller. This would have an adverse effect on real estate pricing with additional burden of 2.6 % service tax apart from 1% VAT besides 5% stamp duty,1% registration charge and now 1% labour cess.So there is 10.6 per cent increase on price.And this is in addition to service tax and VAT paid by the developer when constructing.]]></description>
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            <title><![CDATA[HUDA messes up plots draw]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6302</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 07:20:35 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Haryana Urban Development Authority (HUDA) which held draw for over 2000 residential plots of different sizes in Faridabad on June 21 and 22 has allotted eight applicants plots sizes, they never applied for. However, the officials said it was mistake and new draw for such applicants will be held on July 12. The draw for the plots was to be conducted on June 21. On the last day on June 22, eight applicants were allotted one kanal (500 sq yard) in Sector 62, Faridabad. They had applied for 14 marla (350 sq yard) plot size.]]></description>
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            <title><![CDATA[Toll tax on Noida-Greater Noida Expressway]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6301</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:18:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Commuters using Noida-Greater Noida Expressway will soon have to pay toll taxes and six toll plazas are being installed for this purpose. Vehicles using Noida-Greater Noida Expressway will soon have to pay toll tax and the government of Uttar Pradesh has already issued a notification for this purpose.To collect the toll tax,six toll plazas are being installed on Taj Expressway&#039;s different entry points. With the commissioning of Taj Expressway,the toll regimen will be made applicable on the 165km Noida-Greater Noida Expressway also,which is being constructed by the JP Group.The group is expected to pay the cost of its construction to Noida Authority as per the terms and conditions of the agreement.Under the agreement,JP Group will receive the toll tax for the next 36 years on the expressway.An agreement for this was signed by the group and Taj Expressway in 2003.]]></description>
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            <title><![CDATA[Hard reality hits realty hard]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6300</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:16:27 +0530</pubDate>
			<description><![CDATA[The Times of India- Temples,hospitals,banks and cremation grounds reduce the USP of properties in those areas.While in life death is a fact,still,more often than not,people tend to avoid this reality during discussions.Well,this is not the lines of some venerable seer with long beard and wearing &#039;rudrakshas&#039; around his neck,on some religious or spiritual channel feeding us with his lofty sermons.Without sounding too sanctimonious,the sight of departed souls,or someone soaked in blood,is hitting realty hard in the capital.Properties in close proximity to nursing homes,clinics and hospitals hardly find buyers - as well as tenants -even at lesser amounts compared to the prevailing market rates there. Realty watchers also say that while people are scared to occupy properties near hospitals and burial grounds,they are equally wary of living close to the house of the almighty (temples,gurdwaras,churches and mosques).]]></description>
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            <title><![CDATA[EASY ON BUDGET,HIGH ON BENEFITS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6299</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:13:10 +0530</pubDate>
			<description><![CDATA[The Times of India- Rainwater harvesting is the collection and the storage of rainwater to cater to domestic needs. There are three rainwater harvesting techniques: 
SURFACE RUN-OFF HARVESTING, ROOFTOP RAINWATER HARVESTING, GROUNDWATER RECHARGING,]]></description>
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            <title><![CDATA[Property management gaining momentum]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6298</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:09:17 +0530</pubDate>
			<description><![CDATA[The Times of India- With the entry of more players in the property management service sector,there are better days ahead for investors in real estate. The concept of managing real estate in the absence of owners has been well-established in developed countries like the US and Europe.While international property consultants offer facility management services to corporates and MNCs,some companies extend similar services to individual investors across the country here too.According to industry sources,the size of the facility management market has been estimated to range anywhere between Rs 3,000 and Rs 4,000 crores in India.While the ratio between organised and unorganised sectors was 33:67 during 2007,it is expected to considerably improve to 50:50 by next year. For those abroad or migrating from one city to another within the country,leasing,remittance of statutory dues and other related areas necessitate services of property management companies. There are major international brands providing property management services which are likely to enter India in the coming years,according to market sources.However,the growing importance of property management services should be realised not only by the end users but by property developers and architects as well at the implementation stage itself.]]></description>
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            <title><![CDATA[ENVIRONMENTAL CONCERNS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6297</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:06:22 +0530</pubDate>
			<description><![CDATA[The Times of India- There are many ideas that are being placed on the table when it comes to creating cost effective housing solutions that will meet future legislations regarding carbon emissions and sustainability.The move away from traditional brick and mortar means that engineering consultants need to take a more creative view when it comes to construction.Plans for building prefabricated pods that can be covered with turf,rammed earth houses,through to homes made from hay bales and even old tyres are all viable for homes of the future. Natural homes as they are known are considered to be beneficial to the environment in many ways,as well as being beneficial for those living in them.Using materials that are sustainable,and construction methods that rely more on man power than machinery,natural homes have the potential to be a carbon efficient way of providing housing.]]></description>
			</item><item>
            <title><![CDATA[BE ALERT]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6296</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:04:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Hold back some trust when buying a home. Even though the image of the Real Estate Developer (Builder) has improved over the last few years,the fact remains that in general,developers are viewed with tremendous suspicion.While for the most part,this is as a result of actions by the builders,it is certainly a fact that one cannot paint all developers with the same brush.In spite of the general mistrust towards builders, customers continue to become victims of malpractices at the hands of unscrupulous builders. Insist on reading the specifications and amenities section in the agreement and tallying the same with the brochure.If something is mentioned in the brochure and not in the agreement,this needs to be clarified.In case the developer cannot change the &quot;standard&quot; agreement that is signed between him and the other customers,it is possible to get a separate letter confirming that you will receive what is listed in the brochure.]]></description>
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            <title><![CDATA[Growth bound]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6295</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 07:00:01 +0530</pubDate>
			<description><![CDATA[The Times of India- India continues to be a bright investment destination. With the fundamentals of recovery now firmly in place,we have reason to look forward to better times ahead for Indian real estate.The India growth story is one that many nations would love to emulate.In the face of significant challenges,this country has proved extremely resilient to the fallout of the global crisis.Economists project India to be the fastest growing economy in the world by the year 2018,and it is even now the second fastest.Our economic growth was to the tune of 8.6 % in the last quarter of 2009-10,was moderated only to 6.7 % in 2008-09 immediately after the global economic slowdown.In the latest fiscal,the country has registered a GDP growth rate of 7.4% during the latest fiscal.]]></description>
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            <title><![CDATA[Make your home eco-friendly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6294</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:57:23 +0530</pubDate>
			<description><![CDATA[The Times of India- It doesnt matter if your home has been around for years,with a few changes you can make it a green home. Its never too late to go green,especially when it comes to your home.Here some tips to get you started.Remember,it&#039;s not about saving on your electricity or utility bills;its about saving our planet. Speaking of lights,its a good idea to change all your bulbs and tube lights to compact fluorescent lights (CFLs) and light emitting diodes (LEDs).Not only do CFLs and LEDs consume less power than traditional lighting options,they also produce less heat.Avoid over-thetop ornaments on your lights if the lights are there to light up the room. Look around your house and check if all your appliances have the green label when it comes to energy consumption (Its usually mentioned on the appliance or the manual).If not,you should probably get it replaced with a more ecofriendly model. Also,when choosing an air conditioner or a heater for your room,opt for one that allows you to set the temperature numerically.]]></description>
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            <title><![CDATA[Retailers get HC stay on service tax on rental income]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6293</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:53:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Opposing the governments decision to levy service tax on rentals,several retailers and multiplexes across cities have obtained stay orders against the move from their respective high courts over the last one month. The Union Budget for 2010-11 had brought the rental income from immovable property under the purview of service tax with retrospective effect from June 1,2007 by treating the renting of immovable property as a service.With the best of retailers in the country making a net profit of about 2%,a service tax at 10.30% would have adversely impacted their operational viability.This forced the Retailers Association of India (RAI),the Multiplex Association of India and other retailers to go to court against the governments move to levy service tax.]]></description>
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            <title><![CDATA[Capital Gains Accounts Scheme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6292</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:50:52 +0530</pubDate>
			<description><![CDATA[The Times of India- For all those tax payers who derive longterm capital gains,a lot of tax planning can be adopted by taking advantage of the Capital Gains Accounts Scheme.Way back in 1988,the Capital Gains Accounts Scheme was introduced for the first time and since then it has been very popular amongst tax payers,particularly those tax payers who would like to save income tax in respect of long-term capital gain derived by them.]]></description>
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            <title><![CDATA[Desi vs Videshi in the realty sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6291</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:46:45 +0530</pubDate>
			<description><![CDATA[The Times of India- You can see the globalization of Indian real estate industry on many fronts starting from the Anglicization of housing project names to the incorporation of western themes and import of global players into their projects. Its now common to hear western names for desi housing projects.So,an apartment tucked away in Gurgaon or Noida is often a Daffodil or an Orange County or Hamilton or Lotus Boulevard! Developers are seen coming up with fancy names,with even fancier descriptions in their fourcolour brochures and catalogues. Townships modelled on western themes are becoming popular. Developers argue that they want to deliver quality residential and commercial projects comparable with global standards and implement best business practices which can potentially &quot;exceed customer expectations&quot;.&quot;]]></description>
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            <title><![CDATA[Base Rate: Boon for borrower]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6290</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:42:36 +0530</pubDate>
			<description><![CDATA[The Times of India- From July 1,the banking sector moved into a new interest rate regime called Base Rate,which is believed to be a huge improvement on the earlier BPLR system. Anew interest rate regime kicked off last Thursday when the country moved to the RBI-mandated system of Base Rate,which is likely to be a more objective interest rate benchmark than the one currently followed benchmark prime lending rate (BPLR) system.It is also believed that compared to the BPLR system,the base rate regime will bring in more transparency in fixing the rate in the banking system. In the new regime,interest rates will be benchmarked to base rates with all the lending rates linked to the respective base rates of each bank from Thursday,July 1.The interest rates on your loan have been fixed against the benchmark rate.]]></description>
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            <title><![CDATA[Govt should not take away tax benefits from SEZs: Assocham]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6289</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 06:30:45 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Industry body Assocham on Friday demanded that the government should not take away income tax benefits from SEZs as proposed in the draft direct tax code. In a representation to Finance Minister Pranab Mukherjee, it said the draft has created uncertainty for both present and potential investors in the special economic zones (SEZs). According to the revised DTC draft, which will replace the Income Tax Act of 1961 after approval of Parliament, the tax exemptions for the SEZs would be provided only for existing units and not new units.]]></description>
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            <title><![CDATA[House that All houses pucca by 2017]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6288</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:28:41 +0530</pubDate>
			<description><![CDATA[The Times of India- Govt,In New Policy,Aims To Provide Durable &amp; Disaster-Proof Homes With Help From NGOs. The Centre wants all kutcha houses to be replaced by durable,disaster-resistant structures by 2016-17.It forms the big expression of intent in the first-of-itskind rural housing and habitat policy that UPA may announce soon.
The government wants to engage NGOs in rural housing,a sector the voluntary organizations have shunned till now.The government feels the rural populace will benefit from NGOs in the field of technology dissemination and skill upgradation.]]></description>
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            <title><![CDATA[A high-rise address]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6287</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 06:26:49 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Multistoried buildings with about 1500 units or 3.41 million sq ft of supply are expected to come up in Delhi by end-2011. As per the Master Plan 2021 norms, there is a provision for constructing townships in Delhi, details of which will be out by the next fortnight. The new guidelines will look at the emergence of new formats in Delhi such as townships spread over 50 to 52 acres, mix of plotted and group housing in plots of 25 odd acres, group housing of 10-17 acres etc. These will all have gated communities, similar to what one sees in Noida and Gurgaon. A lot of mixeduse development -hitherto a rarity in Delhi -is expected to come up in the next five years.]]></description>
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            <title><![CDATA[HP Skyline 2020 Online Design Contest]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6286</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 10 Jul 2010 06:20:56 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Hewlett-Packard has announced the HP Skyline 2020 online design contest in India. The contest invites students and professionals to creatively express their vision of an Indian city skyline in the year 2020.
HP Skyline 2020, calls for designs and concepts for an iconic structure — building, tower or institution — that can change the perception of the urban skyline. The interested and eligible students The final award ceremony will take place in August wherein 1 national winner and 4 zonal winners will be announced. HP Skyline 2020, calls for designs and concepts for an iconic structure — building, tower or institution — that can change the perception of the urban skyline.]]></description>
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            <title><![CDATA[FDI is now necessary in retail sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6285</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Jul 2010 06:15:50 +0530</pubDate>
			<description><![CDATA[The Financial Express- Organised retailing necessarily involves the creation of these linkages, where the requisite infrastructure is built and the value-chain truncated to lower intermediation costs. These costs could range between 20% and 65% depending on the product, with horticulture providing just a third of the final price to the farmer. Getting FDI into this sector will certainly mean a sea change in the way food is retailed, as it would bring in these backward linkages as part of the business model. Thereby eliminating several points in Section 7 of the Discussion Paper put out by the government. More importantly, they have the financial wherewithal and are prepared for the gestation lags involved in breaking even.]]></description>
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            <title><![CDATA[Builders bat for home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6284</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 10 Jul 2010 06:12:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Maharashtra Chamber of Housing Industry (MCHI) said it was considering filing a writ petition in Court, challenging the State Government&#039;s decision to levy service tax on properties under construction. The Union Government has clarified a deal is executed only when the construction is completed and full payment of the agreed sum is made. And only then the ownership of the property gets transferred to the buyer. Thus, any service provided by such seller in connection with the construction of residential complex till the execution of the deal, would be in the nature of self service and consequently not attract service tax.]]></description>
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            <title><![CDATA[Builders to go legal against service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6283</link>
			<source>The Times of India</source>
			<pubDate>Sat, 10 Jul 2010 06:02:34 +0530</pubDate>
			<description><![CDATA[The Times of India- Builders are all set to legally challenge the imposition of the service tax levied by the Centre on flats under construction. The Maharashtra Chamber of Housing Industry (MCHI), which has leading developers as its members, is considering filing a writ petition in the court against the service tax, which has been imposed since July 1.]]></description>
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            <title><![CDATA[Service tax on construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6282</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 10 Jul 2010 06:01:40 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mr Gautam Bhattacharya, Joint Secretary, Ministry of Finance, while addressing members of the Merchants&#039; Chamber of Commerce here on Friday, observed that the law relating to service tax on construction was not foolproof as a number of issues were yet to be sorted out.]]></description>
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            <title><![CDATA[SEZs, developers may come under MAT net]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6281</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Jul 2010 06:00:22 +0530</pubDate>
			<description><![CDATA[Business Standard- Although the revised draft Direct Taxes Code (DTC) has suggested the continuation of profit-linked incentives for existing SEZ units and developers, they are likely to come under the ambit of Minimum Alternate Tax (MAT). The revised draft of DTC has recommended the rate of MAT at 2 per cent of the value of gross assets as the final tax. The provision, if adopted, would negate the very objective of the SEZ policy, as the developers and units would then end up paying MAT, based on their book profits, which will be a final tax.]]></description>
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            <title><![CDATA[Sales tax may have minimal impact on housing demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6280</link>
			<source>Business Standard</source>
			<pubDate>Sat, 10 Jul 2010 05:57:50 +0530</pubDate>
			<description><![CDATA[Business Standard- The recent imposition of service tax on residential properties will have only a minimal impact on the demand for residential properties in the real estate sector as most buyers in the market are end-users than investors.]]></description>
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            <title><![CDATA[Indiabulls offers concessional rate home loan at 8.25 pc]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6279</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Jul 2010 05:56:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Indiabulls Financial Services on Friday launched a 8.25 per cent teaser rate home loan, a week after rivals HDFC and SBI extended their special schemes. The scheme offers a concessional rate home loan scheme at 8.25 per cent, &quot;taking care of any future fluctuations in interest rates up to April 2012 and market rate-linked rates thereafter,&quot; the company said in a statement.]]></description>
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            <title><![CDATA[Cos rush to SEZs ahead of DTC roll out]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6278</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Jul 2010 05:55:18 +0530</pubDate>
			<description><![CDATA[The Economic Times- Some Indian companies are rushing to set up units in special economic zones (SEZs) after the draft tax code (DTC) proposed doing away with tax concessions for units that will not be operational when the code is implemented next fiscal year.]]></description>
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            <title><![CDATA[Builders must disclose names of the lender banks: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6277</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 10 Jul 2010 05:54:19 +0530</pubDate>
			<description><![CDATA[The Economic Times- A master circular on housing finance issued by the RBI on July 1 has once again reiterated that builders publicly disclose names of the banks they have mortgaged their land and apartments to. However, despite this directive, none of the developers have done this so far, said market sources.]]></description>
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            <title><![CDATA[‘Govt adopts a cautious approach to retail FDI’]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6276</link>
			<source>The Times of India</source>
			<pubDate>Fri, 09 Jul 2010 06:32:00 +0530</pubDate>
			<description><![CDATA[The Times of India- Unlike the defence sector, the government has adopted a cautious approach on opening up multi-brand retail to foreign investment. India, at present allows 51% FDI in single brand retail and 100% in the cash-and-carry (wholesale) formats. Though permitted in 1996, FDI inflows of just $195 million (about Rs 900 crore) have come in the single brand retail segment, comprising 0.21% of the total FDI into the country.]]></description>
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            <title><![CDATA[Builders must name lender banks: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6275</link>
			<source>The Times of India</source>
			<pubDate>Fri, 09 Jul 2010 06:27:38 +0530</pubDate>
			<description><![CDATA[The Times of India- A master circular on housing finance issued by the RBI on July 1 has once again reiterated that builders publicly disclose names of the banks they have mortgaged their land and apartments to. However, despite this directive, none of the developers have done this so far. The RBI circular asked banks granting loans for housing projects to ensure that builders or construction companies disclose in pamphlets, brochures and advertisements in newspapers whom they have mortgaged their property to. Builders generally mortgage their land to get construction loans, a fact that most consumers are unaware of when they book flats in such projects. However, sources said most builders have avoided publicising these details.]]></description>
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            <title><![CDATA[`100% retail FDI would be better&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6274</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 09 Jul 2010 06:24:31 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Lauding the government&#039;s recent discussion paper on allowing foreign direct investment in the country&#039;s retail sector, Raj Jain, president, WalMart India spoke to HT on how the initiative would attract serious players.]]></description>
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            <title><![CDATA[Retail segment of real estate sees momentum: Report segment of real estate sees momentum: Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6273</link>
			<source>Deccan Herald</source>
			<pubDate>Fri, 09 Jul 2010 06:23:40 +0530</pubDate>
			<description><![CDATA[Deccan Herald- The momentum from the end of 2009 continues in 2010 with high streets leading the way for retailer’s expansion. Main markets like Indiranagar 100 Feet Road, Jayanagar 11th Main, Jayanagar 9th Block and BEL Road apart from the CBD locations like Commercial Street, Brigade Road, Lavelle Road, Vittal Mallya Road and MG Road have continued to be on the main target list of retailers expanding as well as new entrants into the market, with Harley Davidson on Lavelle Road being the most noteworthy mention.]]></description>
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            <title><![CDATA[Home loans refinancing soars in US]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6272</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 09 Jul 2010 06:22:18 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- REFINANCING drove total American mortgage applications to a nine-month high last week, while demand for loans to purchase homes sunk to a near 13-year low as buyers remained sidelined after the expiration of federal tax credits.]]></description>
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            <title><![CDATA[Oversupply hitting office rents: CBRE]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6271</link>
			<source>livemint</source>
			<pubDate>Fri, 09 Jul 2010 06:22:07 +0530</pubDate>
			<description><![CDATA[livemint- An oversupply of commercial space will continue to put pressure on office rentals in the short to medium term, according to the latest review by international property con- sultant CB Richards Ellis (CBRE) for the April-June quarter.
Values will be marginally under pres- sure in some of these markets, the of- fice space review said. Demand has, however, improved across metro cities, resulting in more deals taking place. Within the metros, the central business districts (CBDs) of Delhi-National Capital Region (NCR) and Mumbai reflected low office leasing activity al- though rental values remained stable, with vacancy rates at 20-22% and 11%, respectively.]]></description>
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            <title><![CDATA[Wal-Mart may consider going on its own in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6269</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 09 Jul 2010 06:21:23 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Wal-Mart India boss Raj Jain said on Thursday that the $405 billion global retail leader might consider going all on its own in India, but before it took a firm view on that it would wait for the policy on foreign direct investment (FDI) in retail to fructify.]]></description>
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            <title><![CDATA[NHAI says doubts on project financing ability unfounded]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6268</link>
			<source>livemint</source>
			<pubDate>Fri, 09 Jul 2010 06:20:32 +0530</pubDate>
			<description><![CDATA[livemint- The report by the Planning Commission that may have drawn road transport and high- ways minister Kamal Nath&#039;s ire raises questions about the National Highways Authority of India&#039;s (NHAI) ability to finance future projects that, interestingly enough, may have already been addressed by a committee headed by a plan panel member. These include the ability of banks to lend money to highway projects, the extent of grants giv- en to developers, and the ability of NHAI to sustain its spending on annuity payments and grants to developers.]]></description>
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            <title><![CDATA[Reneging on legislated incentives]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6267</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 09 Jul 2010 06:19:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- In American gangster slang a fall guy is the one who has to pay the price for someone else&#039;s bungling or misdemeanours. In the case of the Special Economic Zones, the fall guys are the developers who, in all earnestness had applied for and received approvals to set up SEZs, only to be told that one of the main attractions of the whole project — income-tax exemptions, that were promised in the SEZ Act of 2005 — may be scrapped in the new Direct Taxes Code, the revised draft of which is under review. In fact, some time ago, a series of promoter-applicants had not only decided to put their projects on hold but had actively sought de-notification or reconsideration of their proposals, creating a piquant novelty for the Board of Approvals. Now other developers have decided to pressure the Centre and States to reconsider the case for tax exemptions for SEZs. Some Rs 30,000 crore worth of investments by domestic and foreign entities, they say, are at stake.]]></description>
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            <title><![CDATA[Steel prices soften as rain in Punjab lowers demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6266</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Jul 2010 06:18:20 +0530</pubDate>
			<description><![CDATA[The Financial Express- With torrential rains slowing down construction activity in the northern region, prices of steel in Punjab have been softened by Rs 500-700 a metric tonne in the past four days. Already facing sluggish demand, the rains have further compounded the woes of local steel-makers.]]></description>
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            <title><![CDATA[Another SEZ controversy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6265</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Jul 2010 06:18:06 +0530</pubDate>
			<description><![CDATA[Business Standard- There is something odd about India’s export numbers. While the government focuses month after month on the rapid growth in exports (on the 2009 base and on the 2008 base, the 2010 numbers continue to show that exports have shrunk), the even greater success story that has been reported is the doubling and more of exports from the new special economic zones (SEZs). Exports from 111 such zones totalled $49 billion in 2009-10, up 123 per cent from the $22 billion earned in the previous year. Some of this very rapid growth would be on account of the fact that the zones are still in the process of getting up and running. What is odd, therefore, is not the export figure for the zones but that for the rest of the country. Total exports last year, at $176 billion, were about 5 per cent lower than in the previous year. If you take out the SEZ numbers for the two years, then non-SEZ exports fell from $163 billion to $127 billion — a sharp drop of 22 per cent.]]></description>
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            <title><![CDATA[MCHI to move court against service tax on properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6264</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Jul 2010 06:17:10 +0530</pubDate>
			<description><![CDATA[Business Standard- Maharashtra Chamber of Housing Industry (MCHI), the apex body of developers in Maharashtra, was planning to file a writ petition in the Bombay High Court against levying of service tax on properties under construction, in the next two weeks, a top MCHI official said.]]></description>
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            <title><![CDATA[Dazed and confused, hedge funds cut trading as markets swing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6263</link>
			<source>livemint</source>
			<pubDate>Fri, 09 Jul 2010 06:16:35 +0530</pubDate>
			<description><![CDATA[livemint- Hedge fund managers, Wall Street&#039;s best compensated and supposedly smartest investors, are dazed and consused. Reeling from the worst second quarter performance in a decade, hedge funds have scaled back trading as they struggle to figure out where markets are headed amid sometimes vicious crosscurrents in stock, commodities and other markets, according to brokers and managers. Chinese government restrictions on lending and real estate, intended to prevent the world&#039;s third largest economy from overheating, added to concerns global growth may slow. In the US, slowing growth in manufacturing, an unexpected jump in jobless claims and a slump in home sales have fuelled concern the economic re-overy is faltering.]]></description>
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            <title><![CDATA[PS Group to develop IT project in Sri Lanka]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6262</link>
			<source>Business Standard</source>
			<pubDate>Fri, 09 Jul 2010 06:16:14 +0530</pubDate>
			<description><![CDATA[Business Standard- City-based PS Group has renewed its interest in developing an IT project in Sri Lanka, which was stalled due to land-related issues, along with political turmoil in the island country.]]></description>
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            <title><![CDATA[Occupancy of office spaces surge on improved demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6261</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Jul 2010 06:15:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- Occupancy level of office spaces in the National Capital has increased during April-June quarter on the back of renewed demand from corporates, who had put their expansion plans on hold during recession.]]></description>
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            <title><![CDATA[Mahindra Lifespace buys Mahindra Group company land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6260</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Jul 2010 06:14:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mahindra group company, Mahindra Lifespace Developers has bought a land parcel from Mahindra Engineering &amp; Chemical Products Ltd. The 23 acre land at Pimpri near Pune has been bought at close to Rs 100 crores, sources close to the development said.]]></description>
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            <title><![CDATA[Joblessness, housing add risks to US recovery: IMF]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6259</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 09 Jul 2010 06:13:00 +0530</pubDate>
			<description><![CDATA[The Economic Times- High unemployment and a moribund housing market have increased risks to the US economic recovery, while the public debt looms large and needs to be cut, the International Monetary Fund said on Thursday. In a statement after annual consultations with US authorities, the IMF raised its US growth forecasts slightly to 3.3 per cent for 2010 and 2.9 per cent for 2011, but said unemployment would remain above 9 per cent for both years.]]></description>
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            <title><![CDATA[Service tax on renting still hazy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6258</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Jul 2010 06:11:01 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Delhi High Court,  has held that the levy of service tax on renting of immovable property to be outside the scope of the Finance Act (and that only services in connection with such renting of property would be liable to service tax). The tax authorities filed a special leave petition against the order in the Supreme Court, which is currently pending hearing. Thereafter, the Finance Act 2010 has amended the definition of ‘renting of immovable property service’ to include within the service tax net the activity of renting of commercial immovable property as well as any service relating to such renting. The amendment has been brought retrospectively from June 1, 2007 (ie. the date when renting of immovable property service was introduced). The service tax law provides that central excise officers (authorised by the commissioner) have access to a service tax payer’s premises for the purpose of carrying out scrutiny, verification and checks. Further, it is mandatory for the assessee to make available its records for inspection and examination by such officers or audit parties.]]></description>
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            <title><![CDATA[Illegal occupants in Delhi beware!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6257</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 09 Jul 2010 06:08:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Government is bringing amendments to a legislation to enable quick eviction of unauthorised occupants from Delhi Metro and New Delhi Municipal Corporation properties. The Union Cabinet approved amendments to Public Premises (Eviction of Unauthorised Occupants) Act 1971 to bring properties of Delhi Metro and NDMC within the definition of public premises.]]></description>
			</item><item>
            <title><![CDATA[Why have real estate prices and realty stocks diverged?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6256</link>
			<source>livemint</source>
			<pubDate>Thu, 08 Jul 2010 07:12:22 +0530</pubDate>
			<description><![CDATA[livemint- It&#039;s paradoxical, but true. Property prices have recovered from the lows of 2009 and are close to their 2008 highs, but realty stocks continue to underperform the broad market, with the BSE Realty Index down 77% since January 2008. True, most realty firms were cash-strapped as the realty markets plunged during the financial crash. But the situation has reversed now. From overleveraged balance sheets and unsold inventory, most realty firms now have debt-equity ratios below 1. And, in the last six months, sales volume and prices have registered growth year-on-year.]]></description>
			</item><item>
            <title><![CDATA[Retail shares jump on FDI policy news]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6255</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 08 Jul 2010 06:52:17 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Stock markets on Wednesday saluted the government&#039;s proposal to open up the retail sector for foreign direct investment (FDI), with companies in the multi-brand retail sector jumping sharply even as the benchmark Sensex slipped down. The firms saw shares rise between 3 and as much as 11 per cent, while the BSE Sensex slipped by a little less than 1 per cent.]]></description>
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            <title><![CDATA[Lavasa to invest Rs 2,200 cr in FY11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6254</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 08 Jul 2010 06:50:27 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Lavasa Corporation, a unit of Hindustan Construction Company Ltd, said that it will spend Rs 2,200 crore to Rs 2,300 crore as capital expenditure in 2010-11 in its city project spread over 20,000 acres near Pune.]]></description>
			</item><item>
            <title><![CDATA[Why FDI in retail is so compelling]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6252</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 08 Jul 2010 06:46:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- There is compelling evidence to show how much FDI in organised retailing could help both farmers and consumers. So it’s good news that the subject, as one newspaper put it, is back on the table, even if it’s a discussion paper and even if it suggests the final policy would contain a couple of caveats. Also, it’s courageous of the government to have raised a politically sensitive issue now. But then, this might just be the right time to be talking about FDI in retail, since food inflation is raging and shows few signs of coming down meaningfully. Let’s face it, there’s way too much wastage of farm produce in this country, at Rs 1 trillion a year. What’s a bigger shame is that more than half of this, or 57%, can be avoided.]]></description>
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            <title><![CDATA[Mortgage defaulters beware!]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6251</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 08 Jul 2010 06:44:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Credit Information Bureau (India) Ltd (Cibil) today said it will come out with a database on mortgage defaulters and is also looking at expanding client base to telecom and insurance companies. Cibil, a repository for credit information, is also looking at providing data to telecom and insurance companies which would help them retain customers. Members of Cibil include banks, financial institutions, non-banking financial companies and housing finance companies.]]></description>
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            <title><![CDATA[Wealthy investors back Wachovia’s exit from real estate investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6250</link>
			<source>livemint</source>
			<pubDate>Thu, 08 Jul 2010 06:16:06 +0530</pubDate>
			<description><![CDATA[livemint- WDC Ventures Ltd, an investment arm of Wachovia Bank of the US, has recently sold its 49% stake in Mumbai-based Vijay Associates (Wadhwa) Constructions Pvt. Ltd for Rs185 crore. WDC&amp;#8195;Ventures’ stake was bought back by Vijay Associates in a deal structured by India Infoline Ltd and funded by some wealthy individuals, clients of India Infoline Private Wealth Management Ltd, the Mumbai-based brokerage’s portfolio management services arm. Its non-banking finance company (NBFC) India Infoline Investment Services Ltd is also involved.]]></description>
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            <title><![CDATA[Slum renewal plan launched in Sangli]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6249</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Jul 2010 06:14:53 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Funded entirely by the Maharashtra government, the Rs 88.85 cr project will be managed by Stresscrete India &quot;WE will provide clean drinking water and hygienic living environment to the families&quot; Rajesh Vardhan MD, Vardhaman Group]]></description>
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            <title><![CDATA[BCIL&#039;s green homes, beyond plants and trees]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6248</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Jul 2010 06:13:55 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Size of the apartment varies between 700 sq ft and 2,400 sq ft, while the price ranges from Rs 40 lakh for apartments to Rs 2 crore for villas .THE Bangalore-based Bio diversity Conservation India (BCIL) will construct about 400 green houses in the next two years in various projects across Yelahanka, Goa, Pune and Chennai. Each project will comprise about 150 houses]]></description>
			</item><item>
            <title><![CDATA[SSPDL announces villa project at Siruseri]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6247</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Jul 2010 06:12:34 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Inspired by Balinese style of architecture, Lakewood Enclave located in Chennai will have Holland-style fencing The project will offer 28 villas with a built-up space of around 2,500 sq ft costing around Rs 1.4 cr per unit]]></description>
			</item><item>
            <title><![CDATA[HOME Service]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6246</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 08 Jul 2010 06:11:27 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Prices of properties have come down or plateaued largely due to entry of fresh supply even as sales volume has gone up It&#039;s not only demand and supply. Other factors, too, determine prices. Credai has said demand and sales of properties will take a hit, thanks to imposition of service tax on residential property]]></description>
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            <title><![CDATA[SEZ developers step up demand for continued tax sops]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6245</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 08 Jul 2010 06:10:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The likelihood of new units in Special Economic Zones losing Income-Tax exemptions in the Direct Taxes Code regime has stepped up representations to the Centre.According to the DTC revised draft, units coming up in SEZs after the implementation of the Code from April 1, 2011, would not get I-T holiday.]]></description>
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            <title><![CDATA[India&#039;s first intelligent city takes root near Pune]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6244</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Jul 2010 06:08:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Lavasa, Wipro, Cisco combine to launch something new in urban living.]]></description>
			</item><item>
            <title><![CDATA[Gitanjali Gems forays into real estate biz]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6243</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Jul 2010 06:07:07 +0530</pubDate>
			<description><![CDATA[Business Standard- Leading diamond jewellery manufacturer and retailer Gitanjali Gems Ltd is entering into real estate business through its maiden residential project at Borivli, in Mumbai’s western suburb.]]></description>
			</item><item>
            <title><![CDATA[House near Metro, pay more property tax now]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6242</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Jul 2010 06:06:02 +0530</pubDate>
			<description><![CDATA[The Economic Times- Living near the Metro line might cost some colonies dearly with the interim report of the third municipal valuation committee recommending re-categorizing colonies like Lajpat Nagar-I from category C to A along with many other colonies such as Chandni Chowk — E to C — Saket from C to A etc. Other colonies which have been re-categorized based on other criteria such as civic amenities, road network includes Mayur Vihar — which has been upgraded from D to C. 
Said an official: ‘‘ Other colonies which have been upgraded due to proximity to the Metro include Model Town from C to B, Rajouri Garden and Sarvapriya Vihar from B to A, Janakpuri from D to B and Moti Nagar from D to C, Kamla Market and Kalkaji — which are proposed to be upgraded from D to C.’’]]></description>
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            <title><![CDATA[SBH announce special interest rates for home, car loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6241</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Jul 2010 06:04:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- State Bank of Hyderabad on Wednesday announced the extension of special interest rates for Home and car loans. According to the bank, the interest rates for home loans will continue to be at 8.5 per cent for the first year and 9.25 per cent (floating) for the second and third years for loan upto Rs 50 lakh and 9.5 per cent (floating) for the second and third years for loans above Rs 50 lakh.]]></description>
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            <title><![CDATA[Godrej Properties enters NCR with project in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6240</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 08 Jul 2010 06:03:40 +0530</pubDate>
			<description><![CDATA[The Economic Times- Godrej Properties, the Godrej Group&#039;s real estate arm, has announced its first residential project in NCR.]]></description>
			</item><item>
            <title><![CDATA[Lavasa Corp to invest Rs 2,300 cr in FY11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6239</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Jul 2010 06:02:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Lavasa Corporation, a unit of Hindustan Construction Company Ltd, will spend Rs 2,200-2,300 crore as capital expenditure in its city project spread over 20,000 acres near Pune, a senior official said.]]></description>
			</item><item>
            <title><![CDATA[Construction sector facing 10 mn workers shortage: Credai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6238</link>
			<source>Business Standard</source>
			<pubDate>Thu, 08 Jul 2010 06:01:26 +0530</pubDate>
			<description><![CDATA[Business Standard- The construction sector is facing labour shortage of around 10 million persons in any given day and the situation will worsen in next decade when requirement for workers is expected to go up three-fold, realtors&#039; body Credai said today.&quot;The total requirement of skilled and unskilled labourers in the construction sector, including real estate, is 33 million per day. The shortage is around 30 per cent. We need to take proper measures so that things do not worsen next decade when per day labour requirement will treble,&quot; Credai&#039;s President Santosh Rungta told PTI.]]></description>
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            <title><![CDATA[India&#039;s soaring ambition: 5 new cities by 2015]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6237</link>
			<source>Rediff</source>
			<pubDate>Thu, 08 Jul 2010 05:59:57 +0530</pubDate>
			<description><![CDATA[Rediff- Navi Mumbai covers 345 sq km. In comparison, the size of the Dholera city that the Gujarat Industrial Development Board plans to build with private participation will be all of 360 sq km.Dholera is just one of the five similar-sized greenfield cities that India hopes to build in the next few years. They are Manesar-Bawal in Haryana, Indore-Mhow in Madhya Pradesh, and Dighi and Nasik-Igatpuri in Maharashtra -- all along the Delhi-Mumbai Industrial Corridor. This means the plan is to have five brand new cities, which are bigger than Navi Mumbai, in the next five years.]]></description>
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            <title><![CDATA[DDA gets an earful for delays]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6236</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 07 Jul 2010 06:29:40 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Consumer court slams authority for delay in giving possession of flats, not filing appeals on time. The National Consumer Disputes Redressal Commission, the country&#039;s apex consumer court, has criticised the Delhi Development Authority (DDA) for its tendency to delay handing over possession of flats for years after allotment. The commission said it was high time the administrative head of the DDA looked into matters pertaining to its core functions. It said the DDA should fix responsibility for undue delays, take punitive action in appropriate cases and introduce systemic changes to minimise, if not eliminate, such delays altogether.]]></description>
			</item><item>
            <title><![CDATA[Plots offer higher returns than flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6235</link>
			<source>livemint</source>
			<pubDate>Wed, 07 Jul 2010 06:27:26 +0530</pubDate>
			<description><![CDATA[livemint- What works for plots, but does not for flats Price appreciation: Usually flats are bought in areas that are nearing completion of a development phase and the large multiplier of return is al- ready over. Plots usually are on the outskirts of the develop- ment and depending on the fu- ture infrastructure, planned townships, trade zones, have much more steam left in them. One of the golden rules of real estate investing is: Every 10 years buy a plot 10km away from the built up development. Usually, economic cycles do not affect land prices as much as they hit apartment prices.]]></description>
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            <title><![CDATA[Blueprint ready for FDI in retail sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6234</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 07 Jul 2010 06:24:09 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Government discussion paper proposes regulator and clauses to protect small shops Allowing FDI in multibrand retail in India is a step in the right direction. The government on Tuesday made a strong pitch for throwing open the retail sector to foreign direct investment (FDI) in a policy that would allow global giants such as Wal-Mart, Tesco and Carrefour to set up huge supermarkets in the country. At present, FDI is not allowed in multi-brand retail amid opposition that it would hit small shopkeepers and neighbourhood stores. In a blueprint of sorts, the department of industrial policy and promotion (DIPP) said in a discussion paper that FDI in retail may help both farmers and consumers while suggesting safety clauses and a regulator to protect various interests. The government has sought the views of different stakeholders by July 31 on whether FDI in the sector should be permitted. It did not propose any specific cap for FDI in retail firms.]]></description>
			</item><item>
            <title><![CDATA[&#039;Open-up FDI in multi-brand retail&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6233</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 07 Jul 2010 06:21:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- Making out a strong case for opening up the multi-brand retail sector for foreign investment, the Industry Ministry today sought the views of different stakeholders asking whether FDI in the sector should be permitted. At present, FDI in multi-brand retail is prohibited in India. 
However, the government allows 51 per cent FDI in single brand retailing and 100 per cent in wholesale trade.]]></description>
			</item><item>
            <title><![CDATA[Market Voice: Anuj Puri]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6232</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Jul 2010 05:43:38 +0530</pubDate>
			<description><![CDATA[Business Standard- With real estate gearing up again in India, Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Puneet Wadhwa that high prices and hardening of mortgage rates may act as a dampener.]]></description>
			</item><item>
            <title><![CDATA[Indiabulls eyes 40% growth in home loans]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6231</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 07 Jul 2010 05:41:16 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Indiabulls Financial Services Ltd is looking to grow its home loans business by 40-45 per cent this fiscal and increase its market share from the current 4-4.5 per cent to 7-8 per cent by 2014. According to Mr Gagan Banga, CEO, IFSL, given the low base of the company, a target of Rs 6,000 crore of home loans disbursement, annually, should not be too difficult to achieve.]]></description>
			</item><item>
            <title><![CDATA[Finance Ministry for plugging FDI loophole in jt venture norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6230</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 07 Jul 2010 05:39:40 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Foreign firm should seek No Objection Certificate from ‘existing&#039; local partner to start a new business in the same field, even if the investment is routed via Indian owned and controlled company (a company with majority Indian holding).This view emerging within the Finance Ministry is aimed at safeguarding the interest of domestic partners and ensuring that foreign firms do not circumvent the joint venture norms through new indirect investment.]]></description>
			</item><item>
            <title><![CDATA[Home loan firms may see new lending rate norms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6229</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Jul 2010 05:38:35 +0530</pubDate>
			<description><![CDATA[Business Standard- After banks, it’s the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.]]></description>
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            <title><![CDATA[Commercial realty prices unlikely to go up soon: HDFC]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6228</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Jul 2010 05:37:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- The mortgage leader HDFC on Tuesday ruled out any upward movement in commercial real estate prices in the near future. &quot;A correction in commercial real estate prices is unlikely...prices are unlikely to show a sharp surge in the coming months. There could be a marginal correction in some areas, but it would be just around 5-10 per cent,&quot; HDFC vice-chairman and chief executive officer Keki Mistry said on the sidelines of an event here.]]></description>
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            <title><![CDATA[M&amp;M plans aerospace SEZ in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6227</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 07 Jul 2010 05:35:56 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mahindra &amp; Mahindra (M&amp;M), the diversified business group, plans to set up a 250-acre special economic zone (SEZ) catering to the aerospace sector near the Bangalore International Airport. According to a state government official, the M&amp;M group has shown interest in setting up the SEZ which is going to be built under a public private partnership (PPP) model.]]></description>
			</item><item>
            <title><![CDATA[Row in India over Budget tax proposals for property under construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6226</link>
			<source>Property Wire</source>
			<pubDate>Wed, 07 Jul 2010 05:34:41 +0530</pubDate>
			<description><![CDATA[Property Wire- A row has broken out in India over a proposed 2.5% service tax on all properties under construction amid concerns about the effect it might have on the country’s recovering residential real estate market.  The Urban Development Ministry wants the tax to be withdrawn despite it winning support when it was announced as part of the 2010/11 Budget. The UDM believes that the new tax will hamper the recovery from the economic slowdown.]]></description>
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            <title><![CDATA[Era Infra plans education foray; to set up varsity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6225</link>
			<source>Business Standard</source>
			<pubDate>Wed, 07 Jul 2010 05:32:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Era Infra Engineering today said it plans to enter in the education field and aims to set-up a university over the next two years.The city-based infrastructure company, which has an order book of about Rs 10,000 crore, has received approval from All India Council for Technical Education for starting management programmes at its newly management school in Delhi, Era Group Chairman and Managing Director HS Bharana said]]></description>
			</item><item>
            <title><![CDATA[China says hot money ended up in stock, property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6224</link>
			<source>livemint</source>
			<pubDate>Tue, 06 Jul 2010 06:13:35 +0530</pubDate>
			<description><![CDATA[livemint- Most of the speculative and arbitrage capital from overseas that has entered China in recent months has ended up in the equity and property markets, an official at the country&#039;s foreign-exchange regulator said in rare comments as the agency usually plays down the effect of hot money inflows into China. China&#039;s property prices have risen steadily over the past year, leading Beijing to introduce a series of tightening measures, including higher minimum down payment requirements and other measures, since April, when prices rose at a re- cord pace. Home prices were up for the 12th straight month in May from a year earlier, though the rate of increase slowed slightly from the previ- ous month. The benchmark Shanghai Composite Index has fallen 28% this year as Beijing has withdrawn the stimulus measures introduced to cushion the effects of the financial crisis.]]></description>
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            <title><![CDATA[NTC eyes big money in e-auction of Worli land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6223</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 06 Jul 2010 06:07:51 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The state-owned National Textile Corporation (NTC) is in the process of undertaking the largest ever e-auction of land in the country, when its 8-acre plot in Mumbai’s prime Worli area goes under the hammer in the last week of July. The PSU will also sell 2.5 acres in an adjacent plot at the same time. The reserve price for the plots has been fixed at Rs 750 crore and Rs 250 crore respectively, but if recent deals in the metropolis are anything to go by, the acution is likely to fetch far more.]]></description>
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            <title><![CDATA[IFCI: from financier to infrastructure builder]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6222</link>
			<source>livemint</source>
			<pubDate>Tue, 06 Jul 2010 05:56:31 +0530</pubDate>
			<description><![CDATA[livemint- IFCI Ltd, India&#039;s oldest development financial institution, is reinventing itself as an infrastructure company. The firm has bid for as many as 16 road, port and power projects worth around Rs10,250 crore. IFCI said it has entered into partnerships with construction companies such as Patel Engineering Ltd, KMC Constructions Ltd and Gayatri Projects Ltd, among others, to execute projects if it wins any of the bids. IFCI&#039;s decision has been influenced by the tough regulatory environment for finance companies. The firm is not al- lowed to access public deposits and is dependent on banks for funds, making pure lending in infrastructure unviable.]]></description>
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            <title><![CDATA[Jet Airways to jointly develop BKC property with Godrej]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6221</link>
			<source>livemint</source>
			<pubDate>Tue, 06 Jul 2010 05:56:07 +0530</pubDate>
			<description><![CDATA[livemint- In a move that could give it some breathing space, cash-strapped Jet Airways (India) Ltd is working on a three-way deal with the Godrej group’s real estate arm, Godrej Properties Ltd (GPL), to develop a 1.47-acre plot in Bandra Kurla Complex (BKC), a business district in suburban Mumbai, according to an investment banker and a real estate consultant. Both are advising the companies on the deal.]]></description>
			</item><item>
            <title><![CDATA[Worker crunch throws realty deadline off track]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6220</link>
			<source>The Telegraph</source>
			<pubDate>Tue, 06 Jul 2010 05:55:00 +0530</pubDate>
			<description><![CDATA[The Telegraph- Real-estate companies, which have firmed up plans to access foreign loans and route the money to activities where its use is barred, are in for trouble. The Reserve Bank of India (RBI) and department of industrial policy and promotion are jointly working on tightening the press notes for regulating reality firms’ access to and use of external commercial borrowings (ECBs). Also being mulled is a monitoring mechanism to ensure compliance with the stricter norms, official sources told FE.]]></description>
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            <title><![CDATA[Realty firms’ ECB end-use under lens; tighter norms coming]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6219</link>
			<source>Indian Express</source>
			<pubDate>Tue, 06 Jul 2010 05:53:15 +0530</pubDate>
			<description><![CDATA[Indian Express- Real-estate companies, which have firmed up plans to access foreign loans and route the money to activities where its use is barred, are in for trouble. The Reserve Bank of India (RBI) and department of industrial policy and promotion are jointly working on tightening the press notes for regulating reality firms’ access to and use of external commercial borrowings (ECBs). Also being mulled is a monitoring mechanism to ensure compliance with the stricter norms, official sources told FE.]]></description>
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            <title><![CDATA[High prices and lacklustre IT sector hit Bengaluru’s realty industry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6217</link>
			<source>Moneylife Foundation</source>
			<pubDate>Tue, 06 Jul 2010 05:51:29 +0530</pubDate>
			<description><![CDATA[Moneylife Foundation- Latest data indicates that sales have dropped due to high prices of properties in India’s IT capital The real-estate sales in the south Indian city of Bengaluru have dropped during the fourth quarter (ended March 2010) because high property prices have made apartments unaffordable to most people.  Besides high prices, the city is dependent on the continued growth of the information technology (IT) market, which is a key element of the real-estate market in Bengaluru.]]></description>
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            <title><![CDATA[Construction sites in Delhi worst hit]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6216</link>
			<source>The Times of India</source>
			<pubDate>Mon, 05 Jul 2010 06:44:02 +0530</pubDate>
			<description><![CDATA[The Times of India- The claims made by MCD — that the city will not witness any waterlogging this monsoon season — were washed away in the showers. The civic agency’s control room reported a total of 76 waterlogged spots besides nine trees that got uprooted. The rubble and construction material lying on several roads on account of ongoing Gamesrelated works in the capital only added to the problem. Among the NDMC areas, Connaught Place was the worst affected — it witnessed major waterlogging due to the work being carried out as part of the redevelopment plan.]]></description>
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            <title><![CDATA[Sobha Developers: deleveraging its balance sheet]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6215</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 05 Jul 2010 06:35:01 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Even as the realty market stabilizes, Sobha Developers bilizes, Sobha Developers Ltd&#039;s key focus is to deleverage its balance sheet. The Bangalore-based mid-cap realty firm reduced its gearing by half to 0.8 during fiscal 2010. It reduced debt by around Rs500 crore to Rs1,470 crore. Funds raised through an institutional placement of equity and sale of land aided the process, particularly since cash flows from operations during the year were negative. A CLSA report points out, “Sobha&#039;s fiscal 2010 operational cash flows (ex QIP, land sales; including interest/tax) was a negative Rs2.7bn (Rs270 crore).“]]></description>
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            <title><![CDATA[Adani in race to buy DLF&#039;s stake in insurance firm]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6214</link>
			<source>livemint</source>
			<pubDate>Mon, 05 Jul 2010 06:33:57 +0530</pubDate>
			<description><![CDATA[livemint- DLF Ltd&#039;s 74% stake in the life insurance firm, DLF Pramerica Life Insurance Co. Ltd is on the block and the Mahindra group and Adani Enterprises Ltd are among the interested buyers, two people familiar with the development independently said. Mahindra&#039;s deputy general manager, corporate communications and DLF Pramerica&#039;s Kapil Mehta declined comment because they said the news was speculative. DLF&#039;s intent to exit the business comes a mere three years after it entered it. In January, it sold its entire 39% stake in an asset management venture it had formed with the same partner.]]></description>
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            <title><![CDATA[Government clears air around service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6213</link>
			<source>livemint</source>
			<pubDate>Mon, 05 Jul 2010 06:27:39 +0530</pubDate>
			<description><![CDATA[livemint- The government has issued clarifications on the service tax on real estate and air fares proposed in the Budget.
According to the Thursday clarification, if you bought an immovable property (residential or commercial) before 1 July, you don&#039;t have to pay any service tax. If you booked a house which has not been constructed yet, your payment before 1 July is not taxable. However, any subsequent payment will come under the tax net.
The Budget proposed to levy a service tax of 10.3% on the purchase of any property, on 33% of the gross value of the property. But the government clarified that the service tax will be levied only on 25% of the gross value if it includes cost of land. Subsequently, you need to pay stamp duty and registration charges.]]></description>
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            <title><![CDATA[Retailers favour PE funds, debt over IPOs to raise money quickly]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6212</link>
			<source>livemint</source>
			<pubDate>Mon, 05 Jul 2010 06:26:12 +0530</pubDate>
			<description><![CDATA[livemint- For retailers in a rush to make up for two lost years on account of an economic slowdown, private equity (PE) and debt seem a better bet than the equity market.
At least four retailers in the queue for public listings have lined up contingency plans to fund their expansion.
With consumer spending in- creasing this year, retailers are back to adding stores and scaling up operations. Several retailers announced plans for initial public offerings (IPOs) to fund these plans but have now turned wary.]]></description>
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            <title><![CDATA[Realty firms’ ECB end-use under lens; norms to be tightened]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6209</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 05 Jul 2010 06:20:30 +0530</pubDate>
			<description><![CDATA[The Financial Express- Real-estate companies, which have firmed up plans to access foreign loans and route the money to activities where its use is barred, are in for trouble. The Reserve Bank of India (RBI) and department of industrial policy and promotion are jointly working on tightening the press notes for regulating reality firms’ access to and use of external commercial borrowings (ECBs). Also being mulled is a monitoring mechanism to ensure compliance with the stricter norms, official sources told FE. The move is in the wake of the reports that half a dozen real estate companies are planning to raise ECBs worth Rs 4,000 crore in the coming months and the possibility of these funds being used for activities which, as per the extant press notes, cannot be funded through ECBs.]]></description>
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            <title><![CDATA[Sarovar Hotels and Resorts to add 29 more properties]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6207</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 05 Jul 2010 06:09:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- SAROVAR Hotels and Resorts, the Delhi-based hospitality management services provider, is looking to bring a total of 29 new hotels under its belt, of which two will be owned by the company.]]></description>
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            <title><![CDATA[New draft tax code fails to address key issues, says chamber]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6206</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 05 Jul 2010 06:08:32 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Revised Discussion Paper on the Direct Taxes Code Bill 2009 (revised DTC) still has several areas of concern, notably the proposed ‘General Anti Avoidance Rules&#039; and incentives to special economic zones, says the Madras Chamber of Commerce and Industry (MCCI).]]></description>
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            <title><![CDATA[Realty prices may go up as govt refuses to remove service tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6205</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Jul 2010 06:06:50 +0530</pubDate>
			<description><![CDATA[The Economic Times- Real estate prices may go up with a plea of Urban Development Ministry for withdrawal of 2.5 per cent service tax from the sector not being heeded to by the Finance Ministry.]]></description>
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            <title><![CDATA[4.5 acres of land in Mumbai&#039;s Mulund suburb sold for Rs 200 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6204</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Jul 2010 06:05:29 +0530</pubDate>
			<description><![CDATA[The Economic Times- Kalpataru Builders has purchased 4.5 acres of land in a busy Mulund area for close to Rs 200 crore in one of the biggest real estate deals in the suburbs here, a source said.]]></description>
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            <title><![CDATA[Shoppers Stop eyes around Rs 1,000 crore revenues from Hypercity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6203</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Jul 2010 06:04:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- K Raheja-promoted retail chain Shoppers Stop, which has a majority stake in the group&#039;s hypermarket format Hypercity, expects the latter to be profitable at the company level in FY 12 and a tripling of its revenues by then, a top company official said.]]></description>
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            <title><![CDATA[Base rate not to affect existing home loan borrowers: ICICI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6202</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 05 Jul 2010 06:03:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- ICICI Bank today said the new base rate regime, which has come into effect from July 1, will not impact the interest liability of existing home loan borrowers unless they voluntarily shift to the new system.&quot;As far as existing borrowers under the present BPLR regime are concerned, the interest rate will run till maturity. But if they want to shift under the base rate, then only there will be a change,&quot; ICICI Bank CFO N S Kannan told PTI when asked whether new regime would increase the interest liability of existing home loan borrowers.]]></description>
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            <title><![CDATA[Demand revival pushing up retail rents]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6201</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 04 Jul 2010 09:30:43 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Retail rents are looking up as economic stability and discretionary spending return. International brands coming to India and domestics players renewing their expansion have given a fillip to the real estate market. However, both retailers and developers are still adopting a wait-and-watch approach before renegotiating on rentals.“Developers have started to ask for more considering the pace of activity, but tenants are cautious. There is a rental spike on a location to location basis. Even within metros, some developers have started to ask for a premium. For the next six months, there will be demand for good quality space and this, in our estimates, will put rentals again back in action,” Mr Arvind Singhal, Chairman, Technopak Advisors, said.]]></description>
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            <title><![CDATA[New focus on land for housing in Maharashtra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6200</link>
			<source>DNA</source>
			<pubDate>Sun, 04 Jul 2010 09:28:34 +0530</pubDate>
			<description><![CDATA[DNA- If there is one certainty in the world, it is that more and more Indians are going to be living in cities.At last count, nearly 28 per cent of Indians were living in cities — around 300 million people — and the number is expected to double by 2030, with 600 million urban denizens.]]></description>
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            <title><![CDATA[GETTING OUT OF REACH - Ghaziabad houses to cost more]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6199</link>
			<source>The Hindustan Times</source>
			<pubDate>Sun, 04 Jul 2010 09:27:14 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- As a measure to generate funds for its Metro-extension plans in near future, the Ghaziabad Development Authority (GDA) has approved levying of additional external development charge on new infrastructure projects, state officials said.At a GDA board meeting on Friday, principal secretary (Housing) J.S. Chamber and other officials approved the proposal for an external development charge on the new housing projects to provide backup for the Metro extension funding in Ghaziabad.]]></description>
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            <title><![CDATA[Builder dupes 500 people though pre-launch scheme]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6198</link>
			<source>The Hindustan Times</source>
			<pubDate>Sun, 04 Jul 2010 09:26:00 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- After shelling out Rs 10 lakh for a plot of land at Dharuhera in Haryana, now she has to make several trips to the police station.]]></description>
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            <title><![CDATA[DDA seeks Spanish help to redevelop city plazas]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6197</link>
			<source>The Times of India</source>
			<pubDate>Sun, 04 Jul 2010 09:24:33 +0530</pubDate>
			<description><![CDATA[The Times of India- Spain seems to be the flavour of the month not only at the FIFA World Cup tournament in South Africa but also at the Delhi Development Authority in the national capital.The land agency is planning to tie up with the government of Barcelona to help the former renovate public places in Delhi,starting with the Nehru Place plaza.]]></description>
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            <title><![CDATA[Gurgaon questions move to snap water lines]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6196</link>
			<source>The Times of India</source>
			<pubDate>Sun, 04 Jul 2010 09:22:33 +0530</pubDate>
			<description><![CDATA[The Times of India- Two days after the Gurgaon HUDA administrator directed builders to disconnect the water and sewerage lines of house-owners living in licensed residential colonies without taking the mandatory occupancy certificate from the town and country planning department,residents protested the move saying the administrator did not have jurisdiction over the matter.On Wednesday,the administrator had ordered to disconnect the lines of 1,105 houses.]]></description>
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            <title><![CDATA[Now, a mall in the hills]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6195</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 04 Jul 2010 09:21:25 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Now malls appear to be tracking tourists. A 1.5 lakh sq.ft mall at a cost of Rs 100 crore is coming up in Lonavala, a hilltop tourist destination that is an hour&#039;s drive from Mumbai.A ‘mall mechanic&#039; is in the forefront of this development, who says that the research has it that on an average 62,000 visitors come to Lonavala during weekends — Friday through Sunday — annually.]]></description>
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            <title><![CDATA[Stepping up the ‘green&#039; footprint]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6194</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 04 Jul 2010 09:19:28 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- India will overtake the US in becoming the nation with the largest registered green building footprint in the world by 2015, according to the Indian Green Building Council (IGBC).Apart from the sense of pride one feels over India&#039;s achievement, the country&#039;s prospective property buyers can also look out for individual benefits in buying a ‘green home&#039; as more and more banks are looking at subsidising home loan rates for green units.]]></description>
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            <title><![CDATA[Clearing the urban mess]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6193</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 04 Jul 2010 09:18:08 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- In the place where I grew up, I could walk to my father&#039;s office. I lived opposite a hospital and we had a school on the ground floor. There was a nearby park where I learned to ride a bike. Surrounding our home was a sweetmeat shop, a teahouse, a barber, a post-office and a dry cleaner. Every morning, my mother bought fresh vegetables from the neighbourhood market]]></description>
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            <title><![CDATA[What investors should look out for in IFRS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6192</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 04 Jul 2010 09:16:42 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- With large Indian companies slated to adopt the International Financial Reporting Standards (IFRS) with effect from the first day of April 2011, investors may have to be geared for the advent of an entirely new form of reporting of companies&#039; financial positions to ponder over and assimilate. Recognition of revenue/earnings, valuation of assets or accounting for liabilities may all undergo a change, leading to alterations in some of the financial ratios that investors often look up to assess a company&#039;s fundamentals. We seek to provide few areas of accounting in which investors can expect changes.]]></description>
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            <title><![CDATA[Low rates should benefit old home loan customers too: RBI]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6191</link>
			<source>Business Standard</source>
			<pubDate>Sun, 04 Jul 2010 09:15:31 +0530</pubDate>
			<description><![CDATA[Business Standard- The Reserve Bank of India (RBI) is unhappy that banks have extended teaser rate schemes to grab a larger pie of the home loan market while old customers continue to pay high rates of interest.“None of us know what are the financial products appropriate for us. In terms of its fairness and appropriateness, we are all financially excluded. That is why you wooed customers with 7 per cent interest rates on housing loans in 2004, and when interest rates went up, you were charging 13 per cent,” RBI Deputy Governor KC Chakrabarty said yesterday.]]></description>
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            <title><![CDATA[Govt to sort out flat allotment mess]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6190</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Jul 2010 06:36:56 +0530</pubDate>
			<description><![CDATA[The Times of India- In what seems to be a face-saving move,the Delhi government has now decided to hold a day-long workshop within the next fortnight to find a way out of the Dwarka flat allotment mess.The move comes after members of group housing societies in the area allotted flats to themselves,many of them showing RTI replies which proved the official draw of flats has been delayed despite many societies submitting the relevant documents with the office of the Registrar of Societies (RCS).]]></description>
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            <title><![CDATA[Teeing off with distinction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6189</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Jul 2010 06:32:27 +0530</pubDate>
			<description><![CDATA[The Times of India- Recently,Golf Estate project of M3M India Ltd was adjudged the Best Upcoming Project of India at the NRI Summit 2010 held in Dubai. M3 M India Limiteds upcoming project,Golf Estate,was named the most promising project in the real estate sector in India at the prestigious NRI Summit 2010 recently held in Dubai.The panel of judges selected M3Ms Golf Estate as the category winner because of the projects architectural excellence and its unique features,stating it to be one of the finest luxury real estate offerings for end users.Golf Estate is expected to create benchmarks in excellence and execution in real estate infrastructure.Pankaj Bansal,director of M3M Group accepted the award on behalf of M3M Group.The award ceremony was held at the Sheraton Creek Hotel in Dubai.]]></description>
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            <title><![CDATA[Maintenance of rented property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6188</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Jul 2010 06:31:02 +0530</pubDate>
			<description><![CDATA[The Times of India- The issue of maintenance of rented premises depends a lot on the terms and conditions agreed upon between the parties and laid down in the lease agreement.The Rent Control Acts of various States also provide some guidance on this.According to these Acts,the landlord has a duty to keep the premises in good condition. In case any repairs are to be undertaken,without which the premises are not habitable or usable except with undue inconvenience,and the landlord neglects or fails to undertake them after notice in writing,the tenant may apply to the controller under the Rent Acts for permission to undertake the repairs himself.]]></description>
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            <title><![CDATA[Faridabad gets two new residential sectors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6187</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 03 Jul 2010 06:29:28 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Haryana government is planning to invite applications for residential plots in the two newly created sectors in Greater Faridabad. These three sectors also fall in Greater Faridabad area popularly known as Nehar Par.]]></description>
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            <title><![CDATA[Reverse mortgage unlocks propertys potential]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6186</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Jul 2010 06:27:57 +0530</pubDate>
			<description><![CDATA[The Times of India- Reverse mortgage is a financial product that enables senior citizens (60 years plus) to mortgage their real estate assets with a lender and convert part of the equity into tax-free regular income.This saves them from selling assets in their lifetime. The Life Insurance Corporation (LIC) is planning to enter the reverse mortgage business.LIC&#039;s entry in this segment is significant as the life insurer has a huge base.According to the Insurance Regulatory Development Authority&#039;s (IRDA) annual report,LIC has a 29 percent share in the total new life insurance policies sold in 2008-09.
The National Housing Bank&#039;s (NHB) reverse mortgage loan-enabled annuity scheme has sanctioned 40 loans estimated at Rs 100 crores. In case of a reverse mortgage,the property owner surrenders the title of the property to a financial institution.The financial institution doesn&#039;t pay the entire amount to the owner upfront.On the contrary,it pays out a regular sum each month for the agreed time.The owner gets to stay in the property along with his spouse for their lifetime. The monthly payout depends on the value of property The financing institution bears the risk of the individual outliving the agreement.]]></description>
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            <title><![CDATA[Check before you buy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6185</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 03 Jul 2010 06:27:17 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Buying property is no mean task. This concluding part of our ongoing series tells you, the home buyer, about the pitfalls that you should avoid to ensure a safe and secure buy . There are cases where a seller and a developer/contractor collaborate to develop a property by way of executing a joint development/collaboration agreement between them, defining their rights and responsibilities. If the property being bought has been jointly developed, note that a seller is generally permitted to sell only the share that is allocated to him.]]></description>
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            <title><![CDATA[Pre-launch spectre]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6184</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 03 Jul 2010 06:25:48 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Buyers need to question the rationale behind attractive discounts that accompany such schemes and learn to protect their interests Shalini Singh, a journalist, went to an up and coming area in the NCR and came back excited. She had just been promised 20-25 per discount on the price of a 2BHK flat by agents in that area. Such huge discounts tend to delight people and Shalini was no exception. What if she hadn&#039;t felt the need to figure out the big `why&#039;. Is the slowdown still on prompting special promotions? No, it couldn&#039;t be because prices are rising in many areas. So, why the discounts?]]></description>
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            <title><![CDATA[No construction within five-km of Sultanpur Lake]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6183</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 03 Jul 2010 06:25:46 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Sultanpur National Park has finally received the attention of the local authorities. The district administration has set up a committee to prepare a Master Plan for regulating activities within a five km radius of the park periphery, following a notification by the Union environment ministry. The Union Ministry of Environment &amp; Forests (MoEF) had issued a notification in January this year, asking the Haryana government to regulate activities to a five-km radius of the periphery of the Sultanpur National Park to check any development that could harm the ecology and green cover of the park.]]></description>
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            <title><![CDATA[Home prices to go up by 2.5%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6182</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 03 Jul 2010 06:22:29 +0530</pubDate>
			<description><![CDATA[The Financial Express- Home prices will increase by about 2.5 percent with the implementation of service tax on the residential segment effective as of Thursday. In the budget 2010-11, Finance Minister Pranab Mukherjee had brought in real estate complexes under the ambit of service tax, unless the entire consideration for the property is paid after completion of construction. Finance Ministry officials later clarified that service tax would be imposed on 33 percent of the total sale price as there is an abatement of 67 percent for input cost. In cities like Pune, Bangalore, Chennai and Hyderabad, where consumers are more price-sensitive, developers will have greater challenge with increasing the prices.]]></description>
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            <title><![CDATA[New circle rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6181</link>
			<source>The Times of India</source>
			<pubDate>Sat, 03 Jul 2010 06:20:10 +0530</pubDate>
			<description><![CDATA[The Times of India- New circle rates have been proposed to bridge the gap between the real estate prices and existing sector rates,and they are pretty steep. After the national capital city Delhi,it is now the turn of Ghaziabad and twin city Noida-Greater Noida to see an increase in the rates of land for residential realty.New circle rates have been proposed to bridge the gap between the real estate prices and existing sector rates.The subregistrar offices have already submitted their proposals.New rates are likely to be effected from mid-July. The new circle rate has been revised on the basis of the total number of registration of documentation in last 2-3 years.The new circle rates are dependent on Ghaziabad authority&#039;s property prices.]]></description>
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            <title><![CDATA[Service tax not to be levied on payments made prior to 1 July]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6179</link>
			<source>livemint</source>
			<pubDate>Sat, 03 Jul 2010 06:14:33 +0530</pubDate>
			<description><![CDATA[livemint- Post the finance ministry&#039;s move to include eight new services such as domestic air travel and health under the am- bit of service tax from 1 July, the revenue department has clarified that payments made before that date for services yet to be delivered would be exempted from the tax. As for those who have bought property and are paying in instalments, the exemption applies to payments made before 1 July. But in what could change how property buyers make decisions, the de- partment has said service tax will be levied hence if payments are made before a property has been constructed.]]></description>
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            <title><![CDATA[Chinese Real Estate May Have Bubbles, But It Is Not A Bubble]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6178</link>
			<source>Business Insider</source>
			<pubDate>Sat, 03 Jul 2010 06:11:50 +0530</pubDate>
			<description><![CDATA[Business Insider- Developments over the last few weeks have once again brought China into focus. China recently announced that it would increase the flexibility of its currency, the renminbi (RMB). I recently said that an impending renminbi appreciation should not have a dramatic impact on Chinese stock markets since the exchange rate change was likely to be gradual. Indeed, from our observations since the announcement, the currency’s rise is likely to be gentle and controlled as the Chinese authorities carefully monitor its movement.]]></description>
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            <title><![CDATA[Trikona aims at quick exits from India investments]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6177</link>
			<source>livemint</source>
			<pubDate>Sat, 03 Jul 2010 06:10:24 +0530</pubDate>
			<description><![CDATA[livemint- India-focused real estate fund Trikona Trinity Capital Plc. wants to exit all its investments in the country, worth some Rs1,750 crore, quickly and profitably. It has also decided not to look at fresh deals in India.]]></description>
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            <title><![CDATA[SRS Group enters Punjab via Amritsar]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6176</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 03 Jul 2010 06:08:06 +0530</pubDate>
			<description><![CDATA[The Financial Express- SRS Group, one of India’s conglomerates with business interests in real estate, multiplexes, retail, jewellery and food and beverages, has announced the launch of “SRS Value Bazaar” in Amritsar. This is the first retail store of SRS Group in Punjab which is spread across an area of 15,000 square feet.]]></description>
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            <title><![CDATA[PE firms step up play as demand for funds rises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6175</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Jul 2010 06:06:32 +0530</pubDate>
			<description><![CDATA[The Economic Times- Private equity (PE) investments in India are rising sharply as the demand for growth capital from companies has surged, with some research firms estimating fund flow in the first half to be almost double that of last year. But such estimates could also include some large deals that are much higher in value than a typical PE investment and, hence, may not be an accurate representation of business sentiment, say people tracking PE inflows.]]></description>
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            <title><![CDATA[New Urban Development Secretary]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6174</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 03 Jul 2010 06:05:11 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Appointments Committee of the Cabinet (ACC) has appointed Mr Navin Kumar, a 1975 batch IAS officer, as the new Secretary, Ministry of Urban Development]]></description>
			</item><item>
            <title><![CDATA[Ozonegroup raises Rs 200 cr for Bangalore project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6173</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 03 Jul 2010 06:04:05 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate developer Ozonegroup has raised Rs 200 crore from private placements for its upcoming integrated township project in Bangalore.The company has tied up with Urban Infrastructure Venture Capital for Rs 200 crore , said Mr K. Shashidhar Pai, Chief Financial Officer, Ozonegroup]]></description>
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            <title><![CDATA[Brigade Group to raise Rs 750 cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6172</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 03 Jul 2010 06:03:04 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate developer Brigade Group plans to raise Rs 750 crore through qualified institutional placement (QIP) to fund its new projects slated for launch this year. The company plans investment of about Rs 2,500 crore to Rs 3,000 crore in projects, which would see development of 8-10 million sq ft, to be launched this year.]]></description>
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            <title><![CDATA[IVRCL looking to sell stake in SPV, holding co]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6171</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 03 Jul 2010 06:01:48 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- IVRCL Infrastructures &amp; Projects Ltd is considering stake sale in the special purpose vehicle (SPV) or in the holding company itself.The move is aimed at raising funds for some of the Build, Operate and Transfer (BOT) projects which it has undertaken, including the recently bagged mega Rs 3,100-crore road project along the Maharashtra-Goa-Karnataka border.]]></description>
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            <title><![CDATA[India&#039;s infrastructure sector needs $90 bn in 5 years: Kamal Nath]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6170</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Jul 2010 06:00:15 +0530</pubDate>
			<description><![CDATA[The Economic Times- Road Transport and Highways Minister Kamal Nath Friday said India&#039;s infrastructure sector needs $90 billion investment in the coming five years]]></description>
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            <title><![CDATA[HDFC offers concessional rate home loan scheme at 8.25%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6169</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 03 Jul 2010 05:58:53 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mortgage leader HDFC today announced a new concessional rate home loan scheme, where it will charge a low 8.25 per cent interest from borrowers in the first year.]]></description>
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            <title><![CDATA[SEZ investors interest will be protected: Sharma]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6168</link>
			<source>Business Standard</source>
			<pubDate>Sat, 03 Jul 2010 05:57:44 +0530</pubDate>
			<description><![CDATA[Business Standard- Floating rate home loan borrowers, stuck on higher interest rates, can expect some relief from today (July 1).The introduction of base rate will ensure that if they are linked to it, they will see automatic rise and fall in their existing rates.And here&#039;s more good news: The Reserve Bank of India has asked banks not to charge any fee for shifting from prime lending rate to base rate.Importantly, even though banks are going to charge a fee -- in excess of 1.5 per cent in most cases -- for renegotiating the loan, it could still make sense in doing so.]]></description>
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            <title><![CDATA[What is base rate? How does it affect home loan borrowers?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6167</link>
			<source>Rediff</source>
			<pubDate>Sat, 03 Jul 2010 05:55:51 +0530</pubDate>
			<description><![CDATA[Rediff- Floating rate home loan borrowers, stuck on higher interest rates, can expect some relief from today (July 1).The introduction of base rate will ensure that if they are linked to it, they will see automatic rise and fall in their existing rates.And here&#039;s more good news: The Reserve Bank of India has asked banks not to charge any fee for shifting from prime lending rate to base rate.Importantly, even though banks are going to charge a fee -- in excess of 1.5 per cent in most cases -- for renegotiating the loan, it could still make sense in doing so.]]></description>
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            <title><![CDATA[Undisclosed income goes up as I-T digs out Rs1,454 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6166</link>
			<source>DNA</source>
			<pubDate>Fri, 02 Jul 2010 06:20:29 +0530</pubDate>
			<description><![CDATA[DNA- The investigation wing of the Income Tax (I-T) department in Mumbai has detected a record Rs1454.41 crore in undisclosed income during the 2009-2010 fiscal.The undisclosed income has gone up by 73% considering the Rs840.36 crore detected during 2008-2009. The cases involved 16 companies.]]></description>
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            <title><![CDATA[Avoid real estate for short-term play: Prashasta Seth, India Infoline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6165</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 02 Jul 2010 06:18:59 +0530</pubDate>
			<description><![CDATA[The Economic Times- It is a pariah kind of a sector at this point of time with nobody actually willing to look at it. So my sense is if you are again looking for a 1 or 2 quarter kind of a play, they might not do well and they could probably get sold off as the market comes down.]]></description>
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            <title><![CDATA[Dubai developer begins $1.08b payment to creditors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6164</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 02 Jul 2010 06:17:31 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Dubai&#039;s master developer Nakheel has started paying its creditors the first tranche of cash following the signing of a number of restructuring agreements, the company Chairman Ali Rashid Ahmed Lootah has said.]]></description>
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            <title><![CDATA[Commerce Minister may take up SEZ tax issue with Pranab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6163</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 02 Jul 2010 06:15:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Commerce and Industry Minister, Mr Anand Sharma, is likely to call on the Finance Minister, Mr Pranab Mukherjee, here on Friday at the latter&#039;s North Block office.Indications are that Mr Sharma will at the meeting take up the concerns expressed by the SEZ fraternity over the proposal to do away with tax breaks for SEZ units that are set up after April 1 next year.]]></description>
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            <title><![CDATA[Maharashtra mulls fund for Mumbai development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6162</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 02 Jul 2010 06:13:52 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Maharashtra Government is planning to create a dedicated fund for Mumbai&#039;s development. It will be created by levying certain charges on the citizens residing close to monorail and metro rail routes.The Chief Minister, Mr Ashok Chavan, said on Thursday that property prices are appreciating in areas where the rail lines are being laid. Hence the idea is to ensure that the government also gets some benefits from the increased prices.]]></description>
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            <title><![CDATA[Near-term outlook is bright for retail sector]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6161</link>
			<source>livemint</source>
			<pubDate>Fri, 02 Jul 2010 06:13:51 +0530</pubDate>
			<description><![CDATA[livemint- The shares of top retailers have outperformed the market in the past three months. Discretionary spending has increased on the back of improved consumer sentiment, which augurs well for the industry.
Demand has revived in rural and urban markets, which should boost profits going ahead. As a result, companies have resumed their store expansion plans. When the financial crisis was at its peak, retailers consolidated, reworking their man- power costs, cutting costs and renegotiating rental costs. Rental costs will rise in tandem with the economic recovery.]]></description>
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            <title><![CDATA[As tax sops go, Andhra Pradesh SMEs to get space in SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6160</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 02 Jul 2010 06:12:32 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- IT and ITES companies, which were a worried lot because of the probable expiry of Central tax sops next year, are now relieved, with the Andhra Pradesh Government deciding to build SME Towers in the notified (SEZ) areas across the State.]]></description>
			</item><item>
            <title><![CDATA[Retailers ink new deals as markets look better]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6159</link>
			<source>livemint</source>
			<pubDate>Fri, 02 Jul 2010 06:11:48 +0530</pubDate>
			<description><![CDATA[livemint- After several quarters spent scaling down operations by closing stores, retailers are increasingly coming out of their shell, signing real estate deals for new stores, according to a study by property advisory CB Richard Ellis. The study says that the first six months of 2010 saw an “in- creased retailer interest“ in signing up spaces in malls as well as in high streets. With the medium- to long- term prospects for the domestic market appearing increasingly optimistic, brands are progressively keener to take the plunge and increase point of sales.]]></description>
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            <title><![CDATA[Puravankara announces new project in Bangalore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6158</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 02 Jul 2010 06:11:20 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Breaking away from its strategy of no new launches for the past two years, Puravankara Projects announced a project, Purva Skywood, in Bangalore that would see development of 1.25 million sq ft of residential space spread over 12.5 acres.]]></description>
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            <title><![CDATA[Counters set up to register property sale deeds in Gurgaon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6157</link>
			<source>The Times of India</source>
			<pubDate>Fri, 02 Jul 2010 06:09:24 +0530</pubDate>
			<description><![CDATA[The Times of India- The district administration here has set up five counters for registration of sale deeds of immovable properties following the orders of the financial commissioner of revenue department (FCR).Now,the powers to register sale deeds have been given to three more naib tehsildars in addition to the already functioning tehsildar and naib tehsildar in Gurgaon tehsil.The move aims at making the process of registration of the sale deeds fast and to check corruption. Opening of more than one counter for registration of sale deeds has been done on an experimental basis in Gurgaon tehsil only and if it works,this can be replicated in other tehsils too.]]></description>
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            <title><![CDATA[FOR MAJORITY, NO CHANGE IN RATES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6156</link>
			<source>livemint</source>
			<pubDate>Fri, 02 Jul 2010 06:06:30 +0530</pubDate>
			<description><![CDATA[livemint- On Thursday, the Indian banking system migrated from the benchmark prime lending rate (BPLR) to a base rate system which, according to the regulator and many banking analysts, is more transparent and fairer to small and medium enterprises (SMEs) that have for so long been subsidizing top-rated corporate borrowers. But on Day 1 of the new regime, there was no change in the loan rates of any bank. If the bankers are to be believed, there will not be any change in the pricing of loans. HDFC Bank&#039;s base rate is 7.25% against its BPLR of 15.75%.
For ICICI Bank, the base rate is 7.5%; its BPLR for corporate loans was 15.75%. The difference between the BPLR and the base rate is not that glaring in the case of public sector banks that have largely pegged their base rates in the range of 7.5% and 8%, against a BPLR range of 11.5%-12.75%.]]></description>
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            <title><![CDATA[Get ready for the next Great Crash]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6155</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Jul 2010 06:15:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- The next Great Crash is coming. Guaranteed. Maybe not today and maybe not tomorrow. But, in all likelihood, sooner than we think. How can I be so sure? Because the history of modern markets is a story of meltdowns. The stock market crashed in 1987, the bond market in 1994. Mexico tanked in 1994, East Asia in 1997. Long-Term Capital Management blew up in 1998, Russia that same year. Dot-coms dotbombed in 2000. In 2007 — well, you know the rest.]]></description>
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            <title><![CDATA[India Inc faces taxing issues over IFRS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6154</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 01 Jul 2010 06:13:51 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- As corporate India comes to terms with the complex new system of accounting standards, which it will have to adopt beginning April 1, it is vexed with two related issues that it has no control over — taxation and the companies law.]]></description>
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            <title><![CDATA[Falcon to come up with fair-priced green units]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6153</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Jul 2010 06:12:36 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Spread over 35 acres, the scheme will develop apartments under PPP model along with the Rajasthan government Global Eco City claims to provide self sustainable and affordable housing  ,FALCON Realty Services (FRSPL) has entered into a public-private partnership (PPP) with the Rajasthan government to provide ecofriendly affordable housing in the state. The state government has granted in-principle app roval to Falcon for the development of apartments under the PPP model.]]></description>
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            <title><![CDATA[RG Group to now offer affordable homes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6152</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Jul 2010 06:11:16 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- RG Residency in Noida will have 12 residential towers comprising 1,500 apartments priced between Rs 22.5 lakh and Rs 50 lakh The Rs 400 crore property, spread over 12.75 acres, is expected to be completed by 2012 , RG Group, with 14 commercial projects under its belt has forayed in to the housing sector with RG Residency in Noida.]]></description>
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            <title><![CDATA[Inno Group launches township in Chennai]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6151</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Jul 2010 06:09:58 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The flagship project, with a gross development value of Rs 750 crore, involves construction of 4,000 residential units by 2014 I NNO, formerly known as Innovative Investments, is a real estate investment group, which has now moved up the value chain by unveiling its foray into property development.]]></description>
			</item><item>
            <title><![CDATA[Home for the gods]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6150</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 01 Jul 2010 06:08:42 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Buying a second home at a hill station or at other exotic locations has dual benefits: investment as well as a holiday homeCALL it a home away from home, a weekend home or your first home; eco-friend ly cities are increasingly becoming the most preferred options for the rich. Situated far away from the hustle-bustle of city life, these eco-friendly locations have all the modern and luxurious amenities sans traffic congestions, pollution, high noise levels, resource depletion, and a collapsing infrastructure.]]></description>
			</item><item>
            <title><![CDATA[Pay more for 8 services]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6149</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 01 Jul 2010 06:07:58 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- From Thursday, a host of new services will get costlier.
The Finance Ministry has specified July 1 as the date from which service tax levy would be applicable on the eight new services brought under the tax net in the budget for 2010-11. All sales of under-construction houses from July 1 will attract service tax.]]></description>
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            <title><![CDATA[Mahindra World City to attract Rs 13,000 cr investment]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6148</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Jul 2010 06:07:29 +0530</pubDate>
			<description><![CDATA[Business Standard- Mahindra World City, promoted by the $7.1 billion Mahindra Group, had said that two of its special economic zones (SEZs), at Chennai and Jaipur, are likely to attract investments worth over Rs 13,000 crore. The company is into developing SEZs and domestic tariff area (DTAs).]]></description>
			</item><item>
            <title><![CDATA[BASE RATE - What it means for your home loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6147</link>
			<source>livemint</source>
			<pubDate>Thu, 01 Jul 2010 06:05:45 +0530</pubDate>
			<description><![CDATA[livemint- From today, the banking system in India has moved from operating behind steel doors to behind glass. Today the banks move to a new benchmark system called the base rate from the earlier opaque benchmark prime lending rate (BPLR) model. A base rate is the mini- mum rate that a bank can charge its borrowers. This change marks the end of the inherently unfair BPLR system that allowed banks to manipulate the rate such that retail borrowers lost. They paid more when interest rates rose because banks were quick to raise the BPLR, but the reserve simply would not hap- pen--banks kept the BPLR high and allowed new custom- ers to come in at lower rates, keeping their captive customers at rates that were two to five percentage points higher than the new customers. For instance, if you take a loan of Rs10 lakh for 10 years at 12% per annum, each percentage point adds Rs1,435 per lakh to the equated monthly instalment.]]></description>
			</item><item>
            <title><![CDATA[Shoppers Stop raises stake in Hypercity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6146</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Jul 2010 06:04:11 +0530</pubDate>
			<description><![CDATA[Business Standard- Shoppers Stop, the CL Raheja group-promoted retailer, today said it had bought another 32 per cent in group company Hypercity Retail for Rs 125 crore.With this buy, Shoppers Stop’s stake in Hypercity will go up to 51 per cent, making the latter a subsidiary of the company. The buy values Hypercity at around Rs 391 crore.]]></description>
			</item><item>
            <title><![CDATA[MCD seals seven farmhouses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6145</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 01 Jul 2010 06:04:06 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Corporation of Delhi (MCD) on Wednesday sealed seven farmhouses in Mundka village in northwest Delhi. The civic body sealed these farmhouses as the owners were renting them out without permission]]></description>
			</item><item>
            <title><![CDATA[Pay more for painting your house, as firms raise prices again]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6144</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Jul 2010 06:03:09 +0530</pubDate>
			<description><![CDATA[Business Standard- Buying a can of paint will become more expensive from July, with decorative paint majors, including Asian Paints, Berger and Kansai Nerolac, planning to increase prices by three per cent.The paint majors had raised prices by four per cent in May. The companies are believed to be contemplating yet another increase in the next few months. The increase in product prices had been driven primarily by runaway input costs, said Anuj Jain, vice-president, sales &amp; marketing, Kansai Nerolac.]]></description>
			</item><item>
            <title><![CDATA[Circle rates revised: 300 pc jump in S Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6143</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Jul 2010 06:02:07 +0530</pubDate>
			<description><![CDATA[The Financial Express- Old categories done away with, govt introduces new slabs  The Delhi Cabinet on Monday cleared a long-pending proposal to revise circle rates — the minimum rate at which a residential plot can be sold — in the city.  The existing rates have been revised to “reduce the discrepancy between the actual market price of property and the circle rates”. The existing circle rates have been fixed according to categories defined by the Municipal Corporation of Delhi for collecting property tax.]]></description>
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            <title><![CDATA[LVB to float housing finance subsidiary]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6142</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 01 Jul 2010 06:01:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- Karur based old private sector bank, Lakshmi Vilas Bank has decided to float a subsidiary for undertaking housing finance business. LVB’s board has also decided to seek the approval of shareholders for issuing additional equity shares upto 40% of the capital by way of QIPADRfollow on public issue as per rule.]]></description>
			</item><item>
            <title><![CDATA[IVRCL Assets and Holdings raises Rs 100 cr throgh NCDs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6141</link>
			<source>Business Standard</source>
			<pubDate>Thu, 01 Jul 2010 06:00:41 +0530</pubDate>
			<description><![CDATA[Business Standard- IVRCL Assets and Holdings Limited issued 1,000 unsecured redeemable non-convertible debentures of Rs 10 lakh each for cash at par, aggregating to Rs 100 crore on a private placement basis.]]></description>
			</item><item>
            <title><![CDATA[Economic recovery drives retail realty growth, rentals revive]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6140</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Jul 2010 06:00:23 +0530</pubDate>
			<description><![CDATA[The Financial Express- Improved economic sentiments in the country is slowly driving recovery in the retail real estate sector. While developers are yet to re-negotiate their rentals with the existing retailers, newer malls have already seen a revival in their rentals, almost to the early 2008 levels. Excess supply in retail real estate will be absorbed by 2012. Rentals in newer malls or the ones under construction have already witnessed an upswing by almost 20-25%.]]></description>
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            <title><![CDATA[Base rates wont make home loans costlier]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6139</link>
			<source>The Times of India</source>
			<pubDate>Thu, 01 Jul 2010 05:58:31 +0530</pubDate>
			<description><![CDATA[The Times of India- Home loan borrowers can rest easy.The base rate regime the new interest rate benchmark to which all the lending rates will be linked to from July 1 has not hiked mortgage rates.And indications are that home finance rates are unlikely to rise unless the RBI hikes interest rates to tame inflation. On Wednesday,SBI left its home and car loan rates unchanged at the prevailing levels for all the tenures till September 30,but said it could change mid-way through in case its base rate is changed.SBI will continue with its popular 8% per annum home loan rate and has also left the other terms for home loan customers unchanged.However,it said the floating rate component in the home loan,as also rates for car,educational and personal loans,will now be linked to SBI&#039;s base rate,that it fixed on Tuesday at 7.5%.]]></description>
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            <title><![CDATA[Haryana clears allotment of industrial plots to 25 cos]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6138</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 01 Jul 2010 05:56:02 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Haryana government has cleared the allotment of industrial plots to 25 companies for setting up manufacturing facility with an investment of over Rs 3,500 crore. The state government allotted an 14-acre plot to Jaguar for setting up Rs 239-crore facility for tiles and lighting products. However, big investment is coming from Jain Solar Energy Private Limited which has been allotted 17 acres in the Growth Centre at Bawal, for setting up an export-oriented unit for the manufacturing of solar photovoltaic cells at an investment of Rs 1,943.33 crore.]]></description>
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            <title><![CDATA[INDIAN CITIES AMONG CHEAPEST FOR EXPATS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6136</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 30 Jun 2010 06:22:39 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- A weaker rupee has made Delhi and Mumbai cheaper for expatriates, says a global survey of cities ranked on cost of living by consulting firm Mercer.However, the survey this year covered 214 cities against 143 cities in 2009, making the relative ranks also dependent on new cities added to the list. FUEL PRICE FACTOR NOT IN Symbolizing its increased importance in a reforming, globalised economy, Kolkata has entered the rankings for the first time.]]></description>
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            <title><![CDATA[REDEVELOPMENT PLAN - RCF may commercialize part of its Mumbai land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6135</link>
			<source>livemint</source>
			<pubDate>Wed, 30 Jun 2010 06:20:57 +0530</pubDate>
			<description><![CDATA[livemint- State-owned fertilizer maker Rashtriya Chemials and Fertilisers Ltd (RCF) is working on a plan to convert a portion of 277 acres of prime land it uses for employee residences into a commercial development of residential properties. The residential buildings in Mumbai&#039;s Chembur area are due for redevelopment, which is estimated to cost between Rs390 crore and Rs400 crore. RCF proposes to take up the project on the basis of a threeway agreement in which the Maharashtra government and a pre-qualified construction group will be involved, besides RCF.]]></description>
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            <title><![CDATA[MCD WARNS TAX DEFAULTERS]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6134</link>
			<source>The Hindustan Times</source>
			<pubDate>Wed, 30 Jun 2010 06:18:54 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Corporation of Delhi (MCD) on Tuesday threatened to attach immovable properties and even resort to sale/auction thereof of the properties of the property tax defaulters.]]></description>
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            <title><![CDATA[We are targeting 70 properties by next year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6133</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Jun 2010 06:17:45 +0530</pubDate>
			<description><![CDATA[The Financial Express- With the Indian hospitality industry showing signs of recovery, hotel majors are firming up expansion plans. FE’s Vishakha Talreja spoke to Suresh Kumar, president of ITC Fortune Hotels, a wholly owned subsidiary of ITC Hotels division, about plans of the company.]]></description>
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            <title><![CDATA[SBI fixes base rate at 7.5%; others 8%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6132</link>
			<source>livemint</source>
			<pubDate>Wed, 30 Jun 2010 06:16:15 +0530</pubDate>
			<description><![CDATA[livemint- Sate Bank of India (SBI), he country&#039;s largest lender, pegged its base rate at 7.5% on Tuesday, set- ting the stage for a new bank rate regime that will take effect on 1 July. SBI&#039;s base rate re- places its benchmark prime lending rate, or BPLR, of 11.75%. At least six other public sec- tor banks, including Punjab National Bank and Bank of Baroda, announced their base rate--all pegging it at 8%. Private banks, including ICICI Bank Ltd, India&#039;s second largest lender, and HDFC Bank Ltd, will announce their rate on Wednesday.]]></description>
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            <title><![CDATA[Dwarka housing societies face crackdown]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6131</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Jun 2010 06:14:26 +0530</pubDate>
			<description><![CDATA[The Financial Express- Delhi government initiated punitive action, including registration of FIRs, against the cooperative group housing societies (CGHS) in Dwarka which carried out draw of lots on their own for possession of flats. Six group housing societies had yesterday held a self draw of lots to get possession of the flats which were lying vacant since the year 2005 following investigation by CBI and court cases. The chief minister had asked the societies to submit their relevant documents for completing the formalities. She had also assured them that the Registrar of Cooperative Societies (RCS) will process their case expeditiously.]]></description>
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            <title><![CDATA[Yatra Capital to invest €20m in Indian realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6130</link>
			<source>Financial Chronicle</source>
			<pubDate>Wed, 30 Jun 2010 06:12:17 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Yatra Capital, the Euronext, Amsterdam listed company that makes real estate investments in India, plans to invest €20m in Indian property sector — mostly in residential property — in coming months, Nigel Broomfield, its chair man said.]]></description>
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            <title><![CDATA[Most pricey cities: Delhi, M&#039;bai in middle]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6129</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 30 Jun 2010 06:12:00 +0530</pubDate>
			<description><![CDATA[The Financial Express- Angola&#039;s capital Luanda topped this year&#039;s Mercer Worldwide Cost of Living Survey as the world&#039;s most expensive city for expatriates, with Tokyo in second spot and Ndjamena, Chad, in third. Karachi in Pakistan was the least costly place for expats in a survey by the consulting firm that covers 214 cities across five continents and measures the comparative costs of more than 200 items in each location. Indian cities on the other hand occupied the middle slots, with New Delhi (85th spot) is India’s most expensive city followed by Mumbai (89th spot) and Bangalore (190th spot).]]></description>
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            <title><![CDATA[M3M India Ltd bags award at the NRI Summit 2010]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6128</link>
			<source>Khaleej Times</source>
			<pubDate>Wed, 30 Jun 2010 06:08:25 +0530</pubDate>
			<description><![CDATA[Khaleej Times- M3M India Ltd. won an award at the prestigious NRI summit 2010 held in Dubai. The company’s upcoming project Golf Estate has been selected as the most promising project across the real estate sector in India. The panel of judges selected M3M’s Golf Estate as the category winner because of the project’s architectural excellence and its unique features.]]></description>
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            <title><![CDATA[Global buyers&#039; ‘green&#039; demands spell trouble for textile units in SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6127</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 30 Jun 2010 06:07:08 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The growing green consciousness among major buyers in developed markets such as the US and Europe has put textile units in special economic zones (SEZ) under pressure.Big buyers — such as Timberland and North Face with mottos such as ‘earth keepers&#039; and several green initiatives to their credit — are increasingly asking SEZ units to send them products with minimum carbon footprint by sourcing as much raw materials as possible domestically.]]></description>
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            <title><![CDATA[Realty funds compete on terms for investors]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6126</link>
			<source>Business Standard</source>
			<pubDate>Wed, 30 Jun 2010 06:05:55 +0530</pubDate>
			<description><![CDATA[Business Standard- Over Rs 7,000 crore of new fund raising has been lined up by fund managers and real estate companies in the current financial year and most are targeting the same set of investors, which includes high net worth individuals (HNIs) and financial institutions. Investors stayed away from property investments during the 2008-09 slowdown, as home sales and prices dwindled across the globe.]]></description>
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            <title><![CDATA[BPTP in talks with US firm to sell Gurgaon IT park]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6125</link>
			<source>Business Standard</source>
			<pubDate>Wed, 30 Jun 2010 06:04:29 +0530</pubDate>
			<description><![CDATA[Business Standard- BPTP, a Delhi-based property developer, is in talks with US-based investor Tishman Speyer to sell its upcoming information technology park in Gurgaon for around Rs 425 crore, said a person close to the deliberations.]]></description>
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            <title><![CDATA[Infrastructure, realty cos setting up campuses for universities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6124</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 06:02:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- Infrastructure and real estate companies such as GMR and Hindustan Construction Company are setting up campuses for universities and higher education institutes, with the aim of riding growth in the $80-billion-plus education industry. The higher education sector in India alone is worth $10 billion, and is growing at a compounded annual growth rate (CAGR) of 12%, according to a report by private equity firm Kaizen. With the real estate market receiving a drubbing during the slowdown, developers are evaluating asset classes such as education.]]></description>
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            <title><![CDATA[New Delhi named among top four world cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6123</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 06:01:11 +0530</pubDate>
			<description><![CDATA[The Economic Times- New Delhi was today named among the top four global cities at the inaugural Lee Kuan Yew World City Prize here with Chief Minister Sheila Dixit appreciated for her &quot;charismatic and determined leadership&quot; for improving the living environment of India&#039;s capital. Dikshit&#039;s efforts in promoting a &quot;liveable city&quot; were the basis of naming the Indian capital along with Melbourne of Australia, Curitiba of Brazil and the prize winner Bilbao.]]></description>
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            <title><![CDATA[RICS announces formation of new Boards and Committees]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6122</link>
			<source>India Infoline News Service</source>
			<pubDate>Wed, 30 Jun 2010 10:38:34 +0530</pubDate>
			<description><![CDATA[India Infoline News Service- RICS (Royal Institution of Chartered Surveyors) India, has announced the formation of new Boards and Committees represented by stalwarts and leaders of the real estate and construction industry in India. Representing RICS, these leaders will help develop and institutionalize standards and practices across different areas of the Indian real estate sector to bring about greater professionalism and transparency, advocate the need for policy reforms to overcome key impediments in the growth, and drive the need for qualifications to bring Indian professionals at par with their international counterparts.]]></description>
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            <title><![CDATA[NAR-India Convention 2010 on July 16-17]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6121</link>
			<source>ENS Economic Bureau</source>
			<pubDate>Wed, 30 Jun 2010 10:36:39 +0530</pubDate>
			<description><![CDATA[ENS Economic Bureau- The second annual convention of the National Association of Realtors- India 2010 will be held at The Radisson Resort Temple Bay, Mamallapuram, Chennai, on July 16 and 17 with an agenda to introduce the best international practices in the field of real estate in the country.]]></description>
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            <title><![CDATA[New Delhi most expensive Indian city for expats: Survey]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6120</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:34:43 +0530</pubDate>
			<description><![CDATA[The Economic Times- The national capital has emerged as the most expensive city in the country for expatriates in terms of cost of living, a survey by global HR consultancy Mercer said. However, the cost of living in Indian cities still happens to be cheaper than 84 cities in other parts of the world, the &#039;2010 Cost of Living Survey&#039;, which covers 214 such locations across five continents, stated.]]></description>
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            <title><![CDATA[Nasscom to push for changes in DTC on SEZs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6119</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:32:57 +0530</pubDate>
			<description><![CDATA[The Economic Times- Software lobby Nasscom will make a pitch to the government seeking continuity of tax benefits on SEZs in the Direct Taxes Code (DTC). It is scheduled to meet Government on Wednesday in this regard. The government had said in the DTC paper that while benefits would continue for existing units, it would be retired for units that came up after the DTC is implemented, in March 2011.]]></description>
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            <title><![CDATA[Realty companies tracking learning curve]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6118</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:31:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Infrastructure and real estate companies such as GMR and Hindustan Construction Company are setting up campuses for universities and higher education institutes to ride growth in the $80-billion-plus industry. The higher education sector in India alone is worth $10 billion and is growing at a compounded annual growth rate of 12%, according to a report by private equity firm Kaizen. With the real estate market receiving a drubbing during the slowdown, developers are evaluating asset classes such as education.]]></description>
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            <title><![CDATA[Siva Group buys13.9% in Arihant Housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6117</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:30:25 +0530</pubDate>
			<description><![CDATA[The Economic Times- The diversified $3-billion Siva Group, headed by NRI C Sivasankaran, has acquired a 13.88% stake in Chennai-based Arihant Foundations and Housing. Arihant informed BSE on Monday the stake has been picked up by Siva Projects Engineering and Enterprises, Saravna Enterprises and S Jayalakshmi. Siva Group held 0.32% before the purchase.]]></description>
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            <title><![CDATA[Vascon Engineers to develop over 10 mn sq ft in FY11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6116</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:29:28 +0530</pubDate>
			<description><![CDATA[The Economic Times- Vascon Engineers, which had raised around 1.65 billion rupees through initial public offering in January, is planning to develop more than 10 million square feet of space in FY11. Vascon Engineers is an engineering, procurement and construction services, and real estate development firm. &quot;Last year, we completed around 7 million square feet. This year we are planning to do about 10 million square feet plus,&quot; its Managing Director R Vasudevan told Reuters in an interview.]]></description>
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            <title><![CDATA[Teaser rates on home loans to go as base rate debuts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6115</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 30 Jun 2010 10:27:54 +0530</pubDate>
			<description><![CDATA[The Economic Times- India&acirc;€™s top lenders who have offered teaser rates on mortgages through special schemes to boost offtake of loans will withdraw such schemes on Wednesday, as banks move to a new system of pricing loans from July 1. The special loan schemes launched by mortgage lenders &acirc;€” HDFC, ICICI Bank and State Bank of India last year, featuring lower rates at fixed rates for the first couple of years &acirc;€” will end on June 30. According to bank officials, none of these schemes are likely to be extended.]]></description>
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            <title><![CDATA[Flat owners to be booked for Dwarka draw]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6114</link>
			<source>The Times of India</source>
			<pubDate>Tue, 29 Jun 2010 18:47:43 +0530</pubDate>
			<description><![CDATA[The Times of India- Delhi government seems to have made up its mind to crush the civil disobedience movement which is gaining momentum in Dwarka with members of more cooperative group housing societies (CGHS) going for self-draws,ironically,for flats that they own. Urban development minister Raj Kumar Chauhan told TOI on Monday that FIRs will be lodged against those who conducted such selfdraws and all those who participated in it.He threatened to cut their power and water connections.]]></description>
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            <title><![CDATA[INA MARKET SHOP OWNERS PROTEST RAZING]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6113</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 29 Jun 2010 18:45:05 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Displaced Kashmiri pandits, who owned the shops in INA Market that were demolished on Saturday, held a protest march in front of the Market. The MCD had demolished 36 shops as part of the beautification process for the upcoming Commonwealth Games.]]></description>
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            <title><![CDATA[Panel proposes upgrading some colonies for tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6112</link>
			<source>The Times of India</source>
			<pubDate>Tue, 29 Jun 2010 18:43:16 +0530</pubDate>
			<description><![CDATA[The Times of India- With property prices rising in the city over the years,the third municipal valuation committees interim report has recommended that the MCD should either widen its tax base or go for a hike in tax. The committee has also proposed a re-categorization of over 200 colonies,out of a total of 3,000,observing that the move will augment the civic agencys revenues by around Rs 500 crore per annum. The report has proposed that 17 colonies that are now in category B should be upgraded to A,62 C category colonies be put in category B and 57 D category colonies be promoted to category C.]]></description>
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            <title><![CDATA[Real estate sector picking up: Industry body]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6111</link>
			<source>Press Trust of India</source>
			<pubDate>Tue, 29 Jun 2010 18:43:10 +0530</pubDate>
			<description><![CDATA[Press Trust of India- The real estate sector is picking up after the slump witnessed during the global economic meltdown, an industry body said on Monday.&quot;In Chennai alone, in the whole of last year the total occupancy level was 2.6 million square feet. But in the last six months, we had crossed 2 million square feet of occupancy, which shows a rapid growth,&quot; National Association of Realtors Committee&#039;s media head Ramesh Nair said.]]></description>
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            <title><![CDATA[SEZ developers scramble to meet March 31 deadline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6110</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 29 Jun 2010 18:41:09 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- SPECIAL economic zone (SEZ) developers are seeing a rush of new firms willing to buy spaces to set up units in SEZs before March 31 to be eligible for tax exemptions under the SEZ Act. The revised draft of direct tax code (DTC) proposes to do away with the 15year tax exemption to SEZs coming up after March 2011.Beginning January, SEZ developers started witnessing renewed interest in the SEZs, which had lost sheen due to economic slowdown and crashing of real estate prices. In an SEZ, space is leased out to companies to set up units inside a SEZ.]]></description>
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            <title><![CDATA[Hooda to rescue Gurgaon house owners from tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6109</link>
			<source>The Hindustan Times</source>
			<pubDate>Tue, 29 Jun 2010 18:40:24 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Haryana Chief Minister Bhupinder Singh Hooda finally intervened on the issue of house tax on property owners in Gurgaon. He reportedly assured RWA representatives on Sunday that he would get the issue examined by the Haryana Taxation Committee. Hooda also said that the Joint Action Forum of Residents&#039; Association (Jafra) would have representation in this committee. Jafra chair- man Col (Retd.) Ratan Singh said Hooda told them he was not aware that the Municipal Corporation of Gurgaon had issued house tax notices.]]></description>
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            <title><![CDATA[Infotech opens SEZ development centre]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6108</link>
			<source>Financial Chronicle</source>
			<pubDate>Tue, 29 Jun 2010 18:43:58 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Infotech Enterprises has commenced operations at its first SEZ development centre in Visakhapatnam at Rushikonda IT Park, Andhra Pradesh. This development centre is housed in a five-acre campus and has a built up area of 75,000 sq ft for accommodating 750 seats. The facility will currently house 500 associates in the first phase.Infotech Enterprises operates five development centres across Hyderabad, Bangalore, Noida and Kakinada (Andhra Pradesh). According to Infotech Enterprises, this SEZ development centre is an extension of the company&#039;s move to set up development centres in tier II towns.]]></description>
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            <title><![CDATA[Promoters to infuse Rs 400cr into Pantaloon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6107</link>
			<source>The Times of India</source>
			<pubDate>Tue, 29 Jun 2010 18:38:19 +0530</pubDate>
			<description><![CDATA[The Times of India- The promoters of Pantaloon Retail will infuse Rs 400 crore into the company in lieu of convertible warrants to be issued to group company Future Ideas Realtors India.]]></description>
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            <title><![CDATA[Realty developers sign deals for IT space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6106</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 29 Jun 2010 18:44:25 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Things seem to be improving for the IT and ITES industry in Andhra Pradesh, with top realty developers such as Rahejas and Divyasree closing space booking deals for more than 32 lakh sq ft of office space with leading IT companies in the last few months.&acirc;€œBesides, the recent meeting of Unit Approval Committee of the Development Commissioner of IT SEZs in Andhra Pradesh has accorded permission for an additional space of 3.91 lakh sq ft to different IT companies,&acirc;€ said Ms K. Ratna Prabha, Principal Secretary (IT) of Government of Andhra Pradesh.]]></description>
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            <title><![CDATA[Arvind Mills in joint venture to develop residential projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6105</link>
			<source>The Hindu Business Line</source>
			<pubDate>Tue, 29 Jun 2010 18:44:50 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Textile and retail major Arvind Mills, which has a land bank of 600 acres in and around Ahmedabad, is entering residential construction in a joint venture with B. Safal Group. The company has announced a Rs 225-crore project here .Arvind Mills had earlier announced plans to unlock its vast land bank. It has now formed a 50:50 venture with the B. Safal Group, promoted by Mr Rajesh Brahmabhatt, to develop a one million-square feet residential complex in eastern Ahmedabad, according to a release here.]]></description>
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            <title><![CDATA[Ansal API eyes equity investment for Rs 30,000-crore township project]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6104</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Jun 2010 18:34:44 +0530</pubDate>
			<description><![CDATA[The Financial Express- After wrapping up a private placement deal with a select group of investors including the Enam Group, realty infrastructure major Ansal API is now in talks with some of the leading institutional investors for another equity investment deal. People involved in the process told FE that as per the current plan, Ansal API proposes to carve out some of the projects in Sushant Golf City, the group&acirc;€™s 3500-acre hi-tech township project in Lucknow, into a special purpose vehicle (SPV), in which equity will be offered to a financial institution.]]></description>
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            <title><![CDATA[Manufacturing companies eye realty market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6103</link>
			<source>Business Standard</source>
			<pubDate>Tue, 29 Jun 2010 18:34:20 +0530</pubDate>
			<description><![CDATA[Business Standard- Small manufacturing companies are increasingly eyeing the growing real estate market as it turns out to be a goldmine for property developers in the country.At least half-a-dozen companies have either announced real estate projects with their partners or monetised their prime land assets in the last three to four months.]]></description>
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            <title><![CDATA[Cement prices may fall 10% on lower demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6102</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 29 Jun 2010 18:32:51 +0530</pubDate>
			<description><![CDATA[The Economic Times- Cement prices are expected to soften by 8-10% from Thursday across the country, the third successive fall since May, by companies struggling to cope with lower demand for the key building material. According to dealers, cement prices are likely to be pegged at around Rs 200-220 per 50-kg bag from July 1, against the current market rate of Rs 235.]]></description>
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            <title><![CDATA[PE funding prods Lilliput to double retail space]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6101</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Jun 2010 18:32:34 +0530</pubDate>
			<description><![CDATA[The Financial Express- In the wake of the Rs 385-crore investment made by private equity firms Bain Capital and TPG Growth, India&acirc;€™s leading kids wear brand Lilliput Kidswear is all set to double its retail space this year with a total investment of Rs 175 crore. The company is planning to open around 70 stores pan-India and four stores in West Asia.]]></description>
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            <title><![CDATA[India ranked 13th in housing sector price rise list; China tops]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6100</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 29 Jun 2010 18:31:36 +0530</pubDate>
			<description><![CDATA[The Economic Times- Buoyed by the recovery in the global housing market, India ranked 13th across the globe in terms of price rise in the residential sector for the year ending March, said property consultancy firm Knight Frank. The list was topped by neighbouring China, it added. Of the 47 countries surveyed, more than half (53 per cent) had witnessed price increases in the residential property segment. &quot;Growth has been driven by a confluence of factors: low interest rates, first-time buyer concessions, strong population growth and a lagging supply response.]]></description>
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            <title><![CDATA[Infrastructure sectors grow 5% in May]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6099</link>
			<source>The Times of India</source>
			<pubDate>Tue, 29 Jun 2010 18:30:26 +0530</pubDate>
			<description><![CDATA[The Times of India- The six core infrastructure industries grew 5% in May against 3.2% in the same month last year.However,on a monthly basis,the key sectors crude,petroleum refining,coal,electricity,cement and finished steel showed a decline as they had expanded by 5.4% in April 2010.]]></description>
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            <title><![CDATA[RBI likely to raise key rates by 125 bps]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6098</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Jun 2010 18:28:09 +0530</pubDate>
			<description><![CDATA[The Financial Express- With inflation expected to stay in double digits during June and July, thanks to the hike in fuel prices, the debate on how soon the central bank will raise key policy rates has been revived. Economists expect that the impact of the hike in fuel prices would be around 120 basis points and that inflation will hover around the 10.75-11% mark, translating into an average, for the year, of around 9%. That means, that real interest rates will continue to be negative, hurting small savers. It&acirc;€™s not surprising at all, the banks aren&acirc;€™t able to mop up deposits at the pact which they were doing so earlier. The government, of course, is able to borrow cheap as are the more creditworthy companies.]]></description>
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            <title><![CDATA[Few flats under Rs 50 lakh...]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6096</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 29 Jun 2010 18:24:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- Skyrocketing property prices over the last few months have taken housing beyond the reach of the salaried class, with barely six per cent of the total new housing stock in Mumbai priced under Rs 50 lakh. On the other hand, a staggering 46 per cent of these flats cost over Rs 1 crore. Analysts say these rates are the result not only of increasing prices and sizes of new flats but also of the heavy loading by developers. Most new flats come with frills such as flowerbeds, viewing decks and amenities like clubhouses and swimming pools that are included while calculating the super-built-up area on which flats are sold. This notional loading is as high as 50 to 80 per cent of actual carpet area.]]></description>
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            <title><![CDATA[IASB draft standard aims at improving financial reporting]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6095</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 19:13:42 +0530</pubDate>
			<description><![CDATA[Business Standard- On June 24, 2010, The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have published for public comment a draft standard (ED) to improve and align the financial reporting of revenue from contracts with customers and related costs.The proposal would create a single revenue recognition standard for IFRSs and US GAAP. The proposed standard would replace IAS 18 Revenue, IAS 11 Construction Contracts and related interpretations. In US GAAP, it would supersede most of the guidance on revenue recognition.]]></description>
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            <title><![CDATA[ONLINE PAYMENT AN OPTION]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6094</link>
			<source>The Times of India</source>
			<pubDate>Mon, 28 Jun 2010 19:12:11 +0530</pubDate>
			<description><![CDATA[The Times of India- For online payment,you will first have to fill out a self-assessment property return form.Payment can be made through credit card,cheque or cash Online payment can also be made through ITZ cash centres using an ITZ cash card or cash payment.An ITZ card is a prepaid card like a Delhi Metro card For online payment,you will first have to visit the website www.mcdpropertytax.in.If you have an old property reference ID,enter it in and details of your earlier form will be made available If you are a new user,you will have to fill up all relevant information before you get a reference ID After filling up the relevant details,choose your mode of payment For receipt,click on receipt,enter your property reference ID and financial year &amp; take a printout Forms can also be submitted at zonal offices after filling them out manually.Only payment of up to Rs 5,000 will be accepted in cash]]></description>
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            <title><![CDATA[Property tax rates up this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6093</link>
			<source>The Times of India</source>
			<pubDate>Mon, 28 Jun 2010 19:11:06 +0530</pubDate>
			<description><![CDATA[The Times of India- Its taxing time for property owners.Since the rate of tax for different categories has been revised,Delhiites will have to pay more from this financial year.However,no major amendments have been made in the property tax forms,according to senior MCD officials.With June 30 being the last date to avail the 15% rebate on property tax,people can pay tax either online or submit their forms in the 12 MCD zonal offices.]]></description>
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            <title><![CDATA[Gulf investors increasingly looking to emerging markets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6092</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 28 Jun 2010 19:09:49 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- After 2001, West Asian investors began looking at their home markets, including Saudi Arabia and the United Arab Emirates, &quot;and as a result outbound investments went from about 65 per cent to less than 40 per cent today,&quot; Bassam Yammine, a managing director and joint chief executive officer for West Asia at Credit Suisse, said in an interview in Dubai. &quot;That ratio will eventually balance out,&quot; the joint chief executive officer said.]]></description>
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            <title><![CDATA[Realty industry divided over price correction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6091</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 28 Jun 2010 19:08:28 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Over the past few years, property prices appreciated by 250%, while the economy grew at 8% annually .EVEN as realtors remain upbeat about the growing demand in their sector, the industry stands divided over a possible correction in the skyrocketing prices of residential properties in major Indian metros.]]></description>
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            <title><![CDATA[Real estate industry flaunts &acirc;€˜novelties&#039; to woo buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6090</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 28 Jun 2010 19:06:29 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- After nearly 18 months of playing the affordability card to hilt, builders &acirc;€“ buoyed by improved consumer sentiments &acirc;€“ are back to differentiating their offerings in a crowded housing market. Over last few months, a handful of realtors have started building their sales pitch on project &acirc;€˜novelties&#039; rather than just pricing. So consumers can choose LEED-certified green homes, opt for 100 per cent customisable apartments or live in skyscrapers where &acirc;€œthe stars shine below&acirc;€.]]></description>
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            <title><![CDATA[Govt must quickly review its present SEZ policy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6089</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 19:05:15 +0530</pubDate>
			<description><![CDATA[Business Standard- The special economic zone (SEZ) scheme seems to be in trouble. The revised draft of the Direct Taxes Code does not envisage continuation of the income-tax concessions for units that may be set up after the end of the current financial year.The uncertainty means that many SEZ developers &acirc;€” especially those whose projects are under implementation &acirc;€” are not very hopeful of leasing their space to entrepreneurs who want to set up manufacturing, services or trading units in SEZ. They might prefer to get their SEZs de-notified. Some of them have already opted to do so.]]></description>
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            <title><![CDATA[Master plan for bio-tech park to be readied soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6088</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 19:03:55 +0530</pubDate>
			<description><![CDATA[Business Standard- The authorities of Bharat Biotech recently had talks with the state government and the Industrial Infrastructure Development Corporation of Orissa (Idco) on the execution of the lease cum development agreement and the incubator workplan for the project. We have asked Bharat Biotech to prepare a master plan and start work soon on the project&acirc;€, said state minister for science and technology Ramesh Chandra Majhi.]]></description>
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            <title><![CDATA[Land deals are back with revival of demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6087</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 19:02:53 +0530</pubDate>
			<description><![CDATA[Business Standard- After a short lull in the land transaction market during the time of recession, the market is again buzzing with land deals on the back of improved economic environment.However, real estate developers, who have learnt their lessons during the time of recession, are relying on joint development plans than outright sale of land parcels.]]></description>
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            <title><![CDATA[Arvind to form JV with Safal Group for residential projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6086</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 19:01:40 +0530</pubDate>
			<description><![CDATA[Business Standard- As part of its plans to unlock its large land bank, denim major Arvind Ltd. has taken first major step by announcing its plans to form a 50:50 joint venture with city-based real estate developer B Safal Group promoted by Rajesh Brahmbhatt.With a special purpose vehicle (SPV) to be formed later, the joint venture will develop about one million sq feet of residential complex in one third of the area of Ashoka Cotsyn, a division of Arvind Limited, situated at Khokhra in Ahmedabad.]]></description>
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            <title><![CDATA[India Inc hits the jackpot in realty investments abroad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6085</link>
			<source>Business Standard</source>
			<pubDate>Mon, 28 Jun 2010 18:59:54 +0530</pubDate>
			<description><![CDATA[Business Standard- B K Modi, founder of telecom major Spice Group, bought a penthouse in the prime Marina Bay business area in downtown Singapore, for about $10.5 million. That was in 2008, when the island nation&acirc;€™s real estate market was struggling to cope with the ripples of the subprime crisis in the US.]]></description>
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            <title><![CDATA[RIL may sell 2.5-acre plot in BKC to realty major Wadhwa Group]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6084</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 28 Jun 2010 18:58:01 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Mukesh Ambani-run Reliance Industries (RIL) plans to sell 2.5 acres of land in Central Mumbai to realty major Wadhwa Group, a source said.]]></description>
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            <title><![CDATA[Office space absorption to rise by 23mn sq ft; rentals to fall]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6083</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 28 Jun 2010 18:56:26 +0530</pubDate>
			<description><![CDATA[The Economic Times- With economy growing at a good pace, the country&#039;s office space absorption is expected to rise by 23 million sq ft within next three years but rentals will fall due to oversupply, according to a study. As per a report by realty consultant Jones Lang LaSalle Meghraj (JLLM), global economic recovery and increasing software and services export have fueled office space demand from IT/ITES sector in the first half of 2010.]]></description>
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            <title><![CDATA[2010 Global Transparency Index]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6082</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 27 Jun 2010 18:58:05 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- India has surged ahead in its real estate transparency ranking to 41 among transparent countries, according to the 2010 Global Real Estate Transparency Index released earlier this week by international property consultants Jones Lang LaSalle and LaSalle Investment Management. The full report is available at www.joneslanglasalle.com/transparency.]]></description>
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            <title><![CDATA[Residents in Gurgaon rally against civic body threat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6081</link>
			<source>The Times of India</source>
			<pubDate>Sun, 27 Jun 2010 18:56:49 +0530</pubDate>
			<description><![CDATA[The Times of India- Over 400 residents from Gurgaon came together on Saturday to protest against the Haryana governments Town and Country Planning (TCP) departments threat to disconnect their water and sewerage lines.According to TCP officials,many residents,who should have acquired a completion certificate from them,have not applied for it because they have violated building laws.The department has given residents a weeks time,failing which it would disconnect water and sewerage lines.The residents,on the other hand,claim that the process to get the certificate is very lengthy and they often have to bribe officials to get it.]]></description>
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            <title><![CDATA[In Gurgaon, Residents Get Together To Protest House Tax]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6080</link>
			<source>The Hindustan Times</source>
			<pubDate>Sun, 27 Jun 2010 18:55:00 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Representatives of various resident welfare asso- ciations in Gurgaon on Saturday got together in DLF City to protest against levying of house tax.The residents&#039; associations said the house tax issue has been challenged in the court and have requested Gurgaon residents, especially those liv- ing in privately-developed colonies such as DLF City, Sushant Lok, South City, Palam Vihar and others, to not hon- our the house tax assessment notices issued by the Municipal Corporation of Gurgaon (MCG).]]></description>
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            <title><![CDATA[Real estate still an investment option]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6079</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 27 Jun 2010 18:53:31 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Real estate as an asset class comes with its own unique characteristics of risk and return. The return from real estate investing comes from capital appreciation as well as regular income from rentals.Its risk profile is quite different from equities and bonds and, therefore, its performance has little correlation to the performance of equities and bonds. This makes real estate an ideal diversifier to a portfolio of conventional investments.]]></description>
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            <title><![CDATA[The changing NCR skyline]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6078</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 27 Jun 2010 18:51:57 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mr Arun Kumar braves the sweltering heat as he prepares to accost a prospective customer. He holds up colourful brochures to catch the eyes of occupants of the many cars whizzing by on the Noida roads. If one stops, he quickly launches into a well-rehearsed marketing pitch on features of a new residential project. Typically, the sales pitch lasts five-seven minutes, and concludes with an exchange of contacts details for follow-up . Mr Kumar is among hundreds of property agents who can be seen camping along the roads of Noida and Greater Noida these days to hard-sell the housing stock entering the market.]]></description>
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            <title><![CDATA[How the revised Direct Taxes Code affects FIIs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6077</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 27 Jun 2010 18:50:28 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Foreign institutional investors (FIIs) play a significant role in the Indian equity market, both as long-term investors and as short-term traders. It is therefore not surprising that the Revised Discussion Paper on the Direct Taxes Code (DTC) dwells at length on the issues pertaining to the taxation of these investors.While the draft DTC released in August 2009 had threatened to bring all foreign investors under the tax net by overruling bilateral tax treaties signed with other countries, the Discussion Paper recognises that this is not feasible]]></description>
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            <title><![CDATA[Delhi to get country&#039;s first waste-to-power plant]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6076</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 27 Jun 2010 18:48:52 +0530</pubDate>
			<description><![CDATA[The Economic Times- Delhi is set to get the country&#039;s first commercial waste-to-power plant of 16 MW capacity that will convert one third of Capital&#039;s garbage into much-needed electricity for six lakh homes. Delhi Chief Minister Sheila Dikshit today laid the foundation of the Timarpur-Okhla Municipal Solid Waste Management Project, which will initially generate 16 MW of power by using nearly 2000 tonnes of municipal solid waste produced in the city.]]></description>
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            <title><![CDATA[Virtual offices]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6075</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Jun 2010 19:18:24 +0530</pubDate>
			<description><![CDATA[The Times of India- With office space costing a bomb,virtual offices are emerging as a smart alternative to the traditional high investment-low flexibility office infrastructure,which also eliminates the burden on rent,furniture and maintenance. Futuristic concepts of work places are coming up,even as New Age entrepreneurs realize that while working across time zones and space zones,there is no real need for a formal office. As businesses look to trim expenses,virtual offices help reduce overhead by over 50%,while keeping professionalism high.]]></description>
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            <title><![CDATA[Realty funding changing for the better]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6074</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Jun 2010 19:16:25 +0530</pubDate>
			<description><![CDATA[The Times of India- The methods of financing developers and buyers in real estate have undergone a significant change over the last few decades. The practice of securing land for payment of money dates back to the fifth century when land was conveyed for money as a means of security for a temporary &#039;debt&#039;,so to say.It was a simple arrangement to procure liquid cash for buying other necessities in exchange for an immovable asset,the title for which would be claimed by the lender in an event of a failure by the borrower to repay. In order to protect the borrower&#039;s right the courts of equity came into existence,bringing in &#039;equity of redemption&#039;.This soon came to be termed as &#039;mortgage&#039;. The history of modern economy is as much a result of real estate development as a specialty,as the growth of industry and commerce in general,and the evolution of new methods of financing are as much a part of this growth keeping in pace with the specialised development of the &#039;real estate industry&#039;. While residential projects can be funded by customer advances,commercial and retail projects need significant external funding. Traditionally,developers confined to banks and conventional financial institutions to fund their projects. Recent years have witnessed newer options like debt and equity financing.]]></description>
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            <title><![CDATA[Home loan eligibility criteria deconstructed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6073</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:12:25 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Helping you get a home loan that suits your lifestyle and requirement is an expert&#039;s job. Getting the right home loan for your specific requirements is quite a task. One size doesn&#039;t fit all. Comparison of home loan packages is essential, but it doesn&#039;t have to be hard work. Home loans and their features change so it&#039;s important to receive the most up-to-date information from professionals who know their home loans. While as a customer, you mostly tend to look into rates and processing fee, an often neglected part of your home loan sanction process is get- ting the right legal and techni- cal verification of the property that you are buying. Getting you the best loan that suits your lifestyle and requirements is a job for a professional in home loan lending.]]></description>
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            <title><![CDATA[Check before you buy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6072</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:10:39 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Buying  property is no easy task, and those unaware of the documents required could land up being duped by unscrupulous sellers. In the first section of a two-part series, find out what&#039;s needed for a hassle-free buy. Given the quantum of money involved, purchasing a residential property should be a well-thought-out decision that warrants thorough investigation of a property&#039;s history &Acirc;&shy; right from site visits up to registration of property &Acirc;&shy; to eliminate chances of legal disputes later. Buyers should first understand the nature of ownership rights to the residential property they wish to purchase &Acirc;&shy; whether it is on leasehold or freehold basis.]]></description>
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            <title><![CDATA[More land for Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6071</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:09:53 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The 60,000 hectares to be unlocked in Delhi under the new Master Plan could help lakhs realise their dreams of owning homes in the Capital Sabina Saluja moved from South Delhi to Gurgaon in the late &#039;90s. Thanks to the Master Plan 2021 that envis- ages creation of five new sub- cities within Delhi, bigger than Dwarka and Rohini, her 15-year-old son can think of moving back to the Capital ten years from now. With almost 60,000 hectares to be unlocked for development/ redevelopment under the new Master Plan, reverse exodus could be a reality in the not-so-distant future.]]></description>
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            <title><![CDATA[Upward spiral]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6070</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:08:42 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Property prices in the Delhi-NCR region have seen an upward movement when compared to per square feet (PSF) prices last year, indicating that the overall sentiment of the sector has improved since the downturn and prices are on the path to recovery.
The Delhi-NCR market has always been an attractive destination for buyers because it provides high return on investments.]]></description>
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            <title><![CDATA[SC SAYS NO TO DE-SEALING BANQUET HALL]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6069</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:08:04 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Supreme Court on Friday declined to de-seal Jhankar Banquets in Khel Gaon after residents of Asiad Village opposed the hall owner&#039;s plea to let him operate as he had accepted advance bookings for wedding functions.A vacation bench headed by Justice R.M. Lodha told the counsel for banquet hall to press his petition before the special three judges bench hearing the sealing case.]]></description>
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            <title><![CDATA[SARANG WADHAWAN - He turns huts into highrises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6068</link>
			<source>livemint</source>
			<pubDate>Sat, 26 Jun 2010 19:07:22 +0530</pubDate>
			<description><![CDATA[livemint- Sarang Wadhawan, the 33-year-old managing director of Housing Development and Infrastructure Ltd (HDIL). Our last meeting, over a year ago, was in the midst of the economic downturn. Wadhawan and his team were busy setting things right--tweaking their business model and keeping away from new sectors, such as power, gas and hospitality, that they knew wouldn&#039;t sustain them through the crisis. Wadhawan, who joined the company in 2000, believes two factors played a key role in HDIL&#039;s corporate branding. One, a June 2007 initial public offering (IPO), which consolidated its real estate business. For a company that is one of the largest players in the real estate business after DLF Ltd and Unitech Ltd, there is, strangely, only one spokes- person--Wad- hawan himself. A second-generation developer, he will tell you that he learnt the tricks of the trade from Rakesh Kumar Wadhawan, his father.]]></description>
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            <title><![CDATA[Trouble for Gurgaon houses]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6067</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:06:35 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- If the Haryana government&#039;s town and country planning department has its way, 1,295 houses across the Millennium City might get their water and sewerage lines dis- connected. According to the planning department, owners of these houses haven&#039;t acquired occupation certificates from the department.The Haryana government has asked all private developers -- of townships such as DLF City, Sushant Lok, Palam Vihar, South City, Malibu Town, Uppal Southend, Mayfield Garden and Ardee City among others -- to disconnect water and sewerage lines to the defaulting houses.]]></description>
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            <title><![CDATA[Revival eludes commercial market]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6066</link>
			<source>livemint</source>
			<pubDate>Sat, 26 Jun 2010 19:04:45 +0530</pubDate>
			<description><![CDATA[livemint- An expected oversupply of commercial space will make selling and renting them more difficult, developers and consultants said, which is in contrast to a revival in residential realty across India.This has already led to a fourth of the 200 million sq. ft of commercial space planned between 2009 and 2011 being delayed or shelved, according to property consultancy Jones Lang LaSalle Meghraj (JLLM).]]></description>
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            <title><![CDATA[Tata Housing forays into luxury housing in Kolkata]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6065</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:04:13 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Tata Housing Development Company Limited has launched Eden Court &Acirc;&shy; Primo, a luxury housing project at New Town, Rajarhat in Kolkata.The project consists of two high-rise towers with a sky garden offering 3-BHK and 4-BHK premium apartments starting at Rs 3,950 per sq ft with a minimum size of 1732 sq ft. Eden Court &Acirc;&shy; Primo designed by international architects offers a `triple height sky garden&#039; on the 17th floor in both the towers, thereby allowing residents to enjoy an excellent view.]]></description>
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            <title><![CDATA[Property management gaining momentum]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6064</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Jun 2010 19:02:46 +0530</pubDate>
			<description><![CDATA[The Times of India- With the entry of more players in the property management service sector,there are better days ahead for investors in real estate,writes V Nagarajan The concept of managing real estate in the absence of owners has been well-established in developed countries like the US and Europe.While international property consultants offer facility management services to corporates and MNCs,some companies extend similar services to individual investors across the country here too.]]></description>
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            <title><![CDATA[Investors-retailers meet at TDI Mall, Kundli]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6063</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 26 Jun 2010 19:02:14 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- TDI organised its first-ever franchise, India-investors-retailers meet at TDI Mall, Kundli, GT Karnal Road recently. There was an over- whelming response to the meet as more than 50 leading brands came for business tie-ups with the shop owners at the venue.
This unique conference-cum- exposition had been designed keeping in mind the needs of Indian business investors and provided a platform to some of the biggest franchisors, retailers, brands, mall, investors along with experts and professionals of leading companies to share their views and provide valuable insights.]]></description>
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            <title><![CDATA[Research in realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6062</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Jun 2010 19:01:25 +0530</pubDate>
			<description><![CDATA[The Times of India- Today,information is power in the real estate industry.From developers turning to market research and the new generation end users and investors who study market trends before making their first move,research and data collation are becoming critical to the sector.Namrata Kohli analyses the trend Suddenly,real estate industry is working primarily on &#039;informed&#039; decisions and &#039;calculated&#039; risks.Everyone from buyer to investor to broker to developer,and even development authorities is waking up to the need of basing all transactions on hard facts.Analysing data,trends,cycles rather than pure gut feel.Research is the buzz everywhere]]></description>
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            <title><![CDATA[Prices thaw as realty booms]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6061</link>
			<source>The Times of India</source>
			<pubDate>Sat, 26 Jun 2010 18:50:23 +0530</pubDate>
			<description><![CDATA[The Times of India- A sharp spike in construction activity coupled with a competitive home loan rate has come as a boon for middle-class end users,says Prabhakar Sinha 
Action in the real estate sector has again picked up.The sharp spike in construction activities has also,to a large extent,contributed in containing the price rise in the sector in the last six months. Another factor,which has contributed in increasing the construction activities,is the governments decision to increase the number of units (density ) and the proportion of built-up area on a given land,which has helped developers in selling houses at affordable rates.As the interest rate on home loan is also at a competitive rate,a middleclass person having a household income of Rs 25,000 per month can now afford to buy a house.]]></description>
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            <title><![CDATA[He turns huts into high-rises]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6060</link>
			<source>livemint</source>
			<pubDate>Sat, 26 Jun 2010 18:50:17 +0530</pubDate>
			<description><![CDATA[livemint- The black Porsche Panamera parked outside the Dheeraj Arma building in suburban Mumbai&acirc;€™s Bandra (East) area looks out of place amid the lawyers in black coats streaming in and out of the neighbouring Bandra court, the crowd at the railway station around the corner and squatters all over.I meet Sarang Wadhawan, the 33-year-old managing director of Housing Development and Infrastructure Ltd (HDIL), in his chamber on the ninth floor of the building. Tall and dressed, as usual, in well-tailored clothes, he looks less hurried this time.]]></description>
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            <title><![CDATA[Maharashtra may raise FSI in Mumbai suburbs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6059</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 26 Jun 2010 18:48:49 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Maharashtra Government is considering an amendment to the Mumbai Regional Town Planning Act to hike the floor space index (FSI) in suburbs from one to two.(FSI is the ratio of the total floor area of building to the size of the land, or the limit imposed on such a ratio).]]></description>
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            <title><![CDATA[ICICI Bank sees 20% rise in FY11 home loan demand]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6058</link>
			<source>Business Standard</source>
			<pubDate>Sat, 26 Jun 2010 18:47:27 +0530</pubDate>
			<description><![CDATA[Business Standard- ICICI Bank expects home loan demand at India&#039;s second-largest lender to rise 20 per cent in the financial year that began in April, chief executive of the bank&#039;s housing finance unit said on Friday.]]></description>
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            <title><![CDATA[Fish mall to come up in Vadodara]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6057</link>
			<source>Business Standard</source>
			<pubDate>Sat, 26 Jun 2010 18:45:45 +0530</pubDate>
			<description><![CDATA[Business Standard- Vadodara Municipal Corporation (VMC) has allotted land in Kishanwadi locality here for developing the mall. The civic body, at a meeting on Wednesday, approved the land allotment.The plot was identified last year and its approval was pending before the General Board of the corporation, Dinesh Chokshi, Chairman of VMC Standing Committee, told PTI today.]]></description>
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            <title><![CDATA[Home loan: Read fine print in loan deed to avoid shocks]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6056</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:42:41 +0530</pubDate>
			<description><![CDATA[The Economic Times- No home-buyer would finalise a house without going through the property with a fine tooth comb. But the same cannot be said about them when they sign home loan agreements with banks or housing finance companies.Many assume that these are standard contracts, and hastily sign on the dotted line. They go through the documents primarily to acquaint themselves of the interest rate chargeable or the repayment schedule. This approach is not advisable at all, especially because a home loan is a long-term contract and will have a continual impact on your finances throughout the tenure.]]></description>
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            <title><![CDATA[Planning affordable decor for your home]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6055</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:41:22 +0530</pubDate>
			<description><![CDATA[The Economic Times- A home is a single largest investment most people make in their lifetime. With an abundance of inexpensive materials available today, modern homes can combine low cost with good design.If you are considering building your own home, the choice of materials and proper planning of your budget can make your home an affordable one and yet have elegance in its lines. Choice of design]]></description>
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            <title><![CDATA[Sale of under construction houses to attract service tax from July 1]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6054</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:39:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Those looking to book a house should do so before July 1. All sales of under-construction houses from July 1 will attract service tax with the finance ministry notifying tax on new services. However, service tax on rail freight has been further put off till January, 2011. The government has also exempted electricity distribution from service tax.]]></description>
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            <title><![CDATA[Commercial realty market beginning to stabilize]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6053</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:38:21 +0530</pubDate>
			<description><![CDATA[The Economic Times- With India&#039;s economic recovery well under way, its commercial real estate market is also beginning to stabilise, a report released by the Real Estate Intelligence Services (REIS) division of Jones Lang LaSalle Meghraj said. The report--The Seven Stars of India--India&#039;s best-performing micro markets for Occupiers&#039;, highlighted the most favourable office micro-markets for occupiers of India.]]></description>
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            <title><![CDATA[&#039;Need for pvt participation in providing affordable housing&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6052</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:37:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Maharashtra government today called upon private companies to participate in its efforts in providing affordable housing to slum dwellers in the city. The government was also willing to enact a legislation if required to boost the affordable housing in the city, Minister of State for Housing, Sachin Ahir said here.]]></description>
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            <title><![CDATA[Construction workers must be included in NHI scheme: Rawat]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6051</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:35:48 +0530</pubDate>
			<description><![CDATA[The Economic Times- The Ministry of Labour and Employment has asked state governments to include construction workers in the National Health Insurance (NHI) scheme, Union Minister of State for Labour and Employment Harish Rawat said today. &quot;The ministry has taken a number of steps for the welfare of workers, who are engaged in construction work,&quot; Rawat told reporters after a meeting of the Parliamentary Consultative Committee here.]]></description>
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            <title><![CDATA[Maharashtra govt mulls amendment of MRTP Act]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6050</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 26 Jun 2010 18:35:40 +0530</pubDate>
			<description><![CDATA[The Financial Express- The Maharashtra government is looking at proposing a floor space index (FSI) of 2 in the Mumbai suburbs after making amendments to the Maharashtra Regional Town Planning (MRTP) Act. &acirc;€œThe Act needs an amendment and then we will be going for an FSI of 2 in the Mumbai suburbs,&acirc;€ Maharashtra minister of state for housing Sachin Ahir said on the sidelines of the CII national conclave on real estate. FSI is the ratio of the total floor area of buildings on a certain location to the size of the land of that location. Thus, an FSI of 2 would indicate that the total floor area of a building is two times the gross area of the plot on which it is constructed.]]></description>
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            <title><![CDATA[RIL sells BKC land to Wadhwa Group]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6049</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 26 Jun 2010 18:34:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mukesh Ambani&acirc;€™s Reliance Industries has sold it&acirc;€™s land at Bandra-Kurla Complex to Wadhwa Group for Rs 1,000 crores, sources said. The total land area sold by RIL is 2.25 acres which was bought for Rs 1104 crores in 2006 along with the Convention &amp; Exhibition Centre. Wadhwa Group will also build an office space for RIL on a part of the Mumbai suburb plot and use the larger chunk of the 1.5 mnsqft of developable area for building commercial space.]]></description>
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            <title><![CDATA[Colonies to be regularised soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6048</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 25 Jun 2010 18:56:07 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi Government today said it has accelerated the process of regularising 1,639 unauthorised colonies which were given provisional regularisation certificates in 2008.]]></description>
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            <title><![CDATA[`INDIA HIGH ON REALTY TRANSPARENCY MAP&#039;]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6047</link>
			<source>livemint</source>
			<pubDate>Fri, 25 Jun 2010 18:53:55 +0530</pubDate>
			<description><![CDATA[livemint- THE INDIAN real estate market is becoming more transparent in terms of transactions, says a recent report. The 2010 `Global Real Estate Transparency Index&#039; by Jones Lang LaSalle and LaSalle Investment Management said that India has yet again surged ahead in its real estate transparency ranking. The country&#039;s tier I cities are currently ranked 41 among 81 nations surveyed, while India&#039;s tertiary cities have graduated from having &acirc;€œlow transparency&acirc;€œ to being &acirc;€œsemitransparent&acirc;€œ. Further, Indian cities in each tier are now considered slightly more transparent than their Chinese counterparts.]]></description>
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            <title><![CDATA[MCD DEMOLITION DRIVE CONTINUES]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6046</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 25 Jun 2010 18:52:05 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Corporation of Delhi (MCD) on Thursday demolished portions of six properties in South Extension-I and Sarita Vihar. With this, demolition action was taken against 13 properties in different areas of central zone of MCD in the last two days.]]></description>
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            <title><![CDATA[Apartments stand empty, but prices rise]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6045</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 25 Jun 2010 18:50:21 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Moves by China to calm property market have little effect on investors Yu Jiang looks into the front window of his two-bedroom apartment in the center of Kangbashi, a city in Inner Mongolia, and says he may buy another apartment. The place has been empty for three years, as are as many as 90 percent of the units near it.Designed for 300,000 people, Kangbashi, the new urban center of the prefecture of Ordos, west of Beijing, may have only 28,000 residents, Bank of America-Merrill Lynch recently estimated. Standard Chartered Bank called it ``the Dubai of northern China&#039;&#039; for its vacant skyscrapers and more than 1.1 trillion renminbi, or $162 billion, worth of new public buildings and local wealth.]]></description>
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            <title><![CDATA[Developers can increase price, or alter design of flats during construction]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6044</link>
			<source>livemint</source>
			<pubDate>Fri, 25 Jun 2010 18:50:08 +0530</pubDate>
			<description><![CDATA[livemint- The price of the flat can go up, though marginally, during the course of construction. Moreover, the design you chose may not remain the same when you finally get the house. The developers are within their rights to make such changes. This can happen any time during the construction phase. It could happen soon after the construction starts or could happen just before the house is ready for possession.]]></description>
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            <title><![CDATA[Big ticket realty deals: Weekly roundup]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6043</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 25 Jun 2010 18:49:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- The upmarket Cuffe Parade witnessed the sale of a high-end residential apartment for a remarkable Rs 8.15 crore. Cuffe Parade, by virtue of being situated in South Mumbai, commands a premium for all its properties. Property prices in this micro-market are further enhanced by the fact that the area is considered to be the southernmost tip of Mumbai, with majority of apartment buildings overlooking the sea.]]></description>
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            <title><![CDATA[INDIAN REALTY GETS CLEANER]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6042</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 25 Jun 2010 18:47:37 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The country&#039;s real estate business is getting less murky, with a clear rise in transparency, says property consulting firm Jones Lang LaSalle Meghraj, citing its Global Real Estate Transparency Index for 2010. Indian cities are slightly ahead of Chinese counterparts in transparency.]]></description>
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            <title><![CDATA[Expect more private equity deals this year]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6041</link>
			<source>livemint</source>
			<pubDate>Fri, 25 Jun 2010 18:45:34 +0530</pubDate>
			<description><![CDATA[livemint- Domestic and overseas private equity (PE) firms are returning to firms are returning to India&#039;s property market as accelerating economic growth improves demand for real es- tate, but experts say they will also get into projects located in smaller cities in addition to metros. Property demand has picked up in line with faster economic growth--forecast to reach 8.5% this year from 7.4% in the last one--after the slowdown of the previous two years during which debt-laden developers were forced to shelve or delay several projects as buyers stayed away.]]></description>
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            <title><![CDATA[Property dealers in city woo investors with cars]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6040</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 25 Jun 2010 18:42:17 +0530</pubDate>
			<description><![CDATA[The Financial Express- In the slump of close to two years, real estate giants have blocked their money. With no buyers to take away their office space, land and apartments, they are now wooing clients with freebies. As a step in this regard, a property dealers&acirc;€™ exhibition was organised recently in which 13 real estate dealers from the north India participated. The two-day exhibition concluded on Sunday. It was a first such effort made by Real Estate Bank of India (REBI) - an organization which arranges investors for the property dealers. The main attraction of the exhibition was lucky draw after every 10 &acirc;€˜genuine&acirc;€™ deals which will be a Tata Indigo car.]]></description>
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            <title><![CDATA[Cement companies facing impact of excess production capacity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6039</link>
			<source>livemint</source>
			<pubDate>Thu, 24 Jun 2010 18:55:07 +0530</pubDate>
			<description><![CDATA[livemint- Every year, cement prices soften during the monsoon as lower construction activity results in lower cement offtake. This year, cement prices fell much before the onset of the mon-soon. By end-April, they were down Rs10-20 per bag in al- most all regions. Currently, prices are down by Rs40-60 per bag compared with that in April. Prices range from around Rs220 per bag in the southern and central regions to Rs250 per bag in the northern region and Rs270 per bag in the eastern part.
Analysts say that lower demand from the real estate and infrastructure segments led to single-digit growth in despatches from February onwards.]]></description>
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            <title><![CDATA[MCD demolition drive in S. Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6038</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 24 Jun 2010 18:53:28 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Continuing with its ongoing demolition drive against unauthorised constructions, the building department of the Municipal Corporation of Delhi&#039;s (MCD) central zone demolished seven unauthorised constructions in Sangam Vihar, South Extension and Tughlakabad Extension on Wednesday.According to the civic agency, the building department, central zone has under- taken 49 demolition actions during June itself.]]></description>
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            <title><![CDATA[UNAUTHORISED BUILDINGS - MCD clueless about illegal colonies in city]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6037</link>
			<source>The Hindustan Times</source>
			<pubDate>Thu, 24 Jun 2010 18:51:57 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Ever wonder why and how so many unauthorized colonies come up in Delhi, that too, so fast? the Municipal Corporation of Delhi (MCD) -- which controls almost 93 per cent of Delhi&#039;s area -- has admitted on record that it has no information about the landowning agency when it comes to unauthorized colonies.
Moreover, the Slum and Jhuggi Jhopdi (JJ) Department of the civic body has also admitted that they have not carried out any survey in such areas.]]></description>
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            <title><![CDATA[Calibrated opening of FDI in retail, defence, US told]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6036</link>
			<source>livemint</source>
			<pubDate>Thu, 24 Jun 2010 18:49:34 +0530</pubDate>
			<description><![CDATA[livemint- India has said it will go for calibrated FDI liberalisation in sectors like defence and retail amidst the US demand for opening different segments for foreign investors. FDI is not allowed in multi- brand retail, though foreign players are permitted in whole- sale trade and single-brand retail. In defence, 26 per cent FDI is allowed at present.]]></description>
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            <title><![CDATA[Real estate companies plan QIPs to fund expansion]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6035</link>
			<source>livemint</source>
			<pubDate>Thu, 24 Jun 2010 18:47:58 +0530</pubDate>
			<description><![CDATA[livemint- After a hiatus of some six months, real estate firms are again turning to qualified institutional placement  (QIPs) to raise money, this time mainly to fund expansion. Overall, at least six realty firms are expected to raise a total of Rs5,000 crore from QIPs this fiscal year.
The method is a relatively quick process of raising money through a private placement of shares or convertible securities with institutional buyers. Property analysts say investor appetite hasn&#039;t improved much and realty firms are merely keeping the option of QIPs open while exploring other possibilities.]]></description>
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            <title><![CDATA[India sees a big rise in millionaires]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6034</link>
			<source>livemint</source>
			<pubDate>Thu, 24 Jun 2010 18:45:26 +0530</pubDate>
			<description><![CDATA[livemint- The number of Indians with investible resources in excess of a million dollars rose 51% on the back of a smart recovery in asset prices in 2009, according to the 2010 World Wealth Report released on Wednesday by Capgemini and Merrill Lynch Global Wealth Management Ltd. Values of other major assets such as real estate and gold also increased in India with prices returning to pre-crisis levels, and in some cases higher than that.
Additionally, wealth managers find the outlook for India optimistic with economic out- put projected to grow at least 8.5% this year.]]></description>
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            <title><![CDATA[PSBs&acirc;€™ advances to real estate up 15%]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6033</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 24 Jun 2010 18:43:27 +0530</pubDate>
			<description><![CDATA[The Financial Express- As real estate gets back on track, banks are lending more money to this sector. RBI had increased the provisioning requirement for advances to the commercial real estate sector, classified as standard assets, from 0.40% to 1%. A study on growth in advances to real estate of 22 public sector banks (PSBs) and 10 private sector banks in 2008-09 and 2009-10 reveals that advances to real estate from PSBs rose by 15% as against a decline of 0.4% in private banks.]]></description>
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            <title><![CDATA[Lodhas set to foray into infra, realty &amp; power]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6032</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 24 Jun 2010 18:41:49 +0530</pubDate>
			<description><![CDATA[The Financial Express- Birla Corporation is planning its foray into non-core areas like realty, power and ports, apart from expanding its core businesses. The company will seek shareholders&acirc;€™ approval to enter the realty sector at its annual general meeting on Wednesday. The company, over the past few months, has significantly stepped up its money market operations. The company, which is mainly into cement and jute, is looking at entering the energy sector. It is interested in generation and distribution of power. Birla Corporation is also looking at developing infrastructural facilities like port and roads where it is likely to participate in construction and management of such projects.]]></description>
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            <title><![CDATA[Godrej Properties&acirc;€™ largest Mumbai launch in Jan &acirc;€™11]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6031</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 24 Jun 2010 18:40:11 +0530</pubDate>
			<description><![CDATA[The Financial Express- Godrej Properties&acirc;€™ largest project in Mumbai is set for launch in January next year. The 35-acre project at the central suburb of Vikhroli will be developed as an iconic green industrial, commercial and residential township. 
The first building in the project will be an office space, which will also comprise some retail space on the lower floors. Commercial space, retail space and a hotel, which form the part of first phase, is expected to be completed by 2014, with an estimated developable area of around 2.18 million sq ft. The estimated saleable area will be 1.31 mn sq ft.]]></description>
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            <title><![CDATA[Ensure a good rental before a second home loan]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6028</link>
			<source>Business Standard</source>
			<pubDate>Thu, 24 Jun 2010 18:33:06 +0530</pubDate>
			<description><![CDATA[Business Standard- Servicing two EMIs will substantially reduce tax benefits on second flat.The rise in disposable incomes of the salaried has prompted bankers to aggressively sell them several of their products, like credit cards and personal loans. And, now, they are approaching them to give loans for second homes.According to reports, the country&acirc;€™s largest bank, State Bank of India, is wooing existing home owners with a good repayment record with a second home loan. The target age: 35 and above. The reasoning being that many of these customers have already purchased a first home and could be willing to upgrade. Or, purchase a second one as an investment.]]></description>
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            <title><![CDATA[CCI forays into real estate, to invest Rs 1k cr]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6027</link>
			<source>The Financial Express</source>
			<pubDate>Thu, 24 Jun 2010 18:31:47 +0530</pubDate>
			<description><![CDATA[The Financial Express- Cable Corporation of India on Wednesday said that it has forayed into the real estate sector with an investment plan of Rs 1,000 crore for its first project. The company will be developing the project through its associate company, CCI Projects Private Ltd (CCP), in which CCI holds 15% stake.]]></description>
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            <title><![CDATA[Serviced apartments by Regaliaa Realty]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6025</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 24 Jun 2010 18:28:18 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- The Chennai-based firm has launched its 27 unit project at the upmarket Jubilee Hills area in HyderabadRegaliaa Realty, a Chennai-based property developer with focus on luxury villas and residential apartments, is gearing up to make Homcourt, its serviced apartments offering a multi-city brand.]]></description>
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            <title><![CDATA[Mumbai to get rainwater harvesting schemes]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6024</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 24 Jun 2010 18:27:06 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- In almost all estimates, demand for water is growing in most cities. Not long ago, most of our cities were self-sufficient in meeting their water needs from the extensive urban water bodies. But now these water bodies are disappearing fast. Municipalities have been stretched to their limits to find water for the growing urban populations. Groundwater is being extracted by the government as well as the private parties]]></description>
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            <title><![CDATA[Century Real Estate to launch 7 projects]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6023</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 24 Jun 2010 18:26:01 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Bangalore-based Century Real Estate is planning to launch 7 projects this year with an investment of about Rs 800 crore. The company plans to fund the projects through pre-sales and bank finance.]]></description>
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            <title><![CDATA[It&#039;s lonely at the top]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6022</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 24 Jun 2010 18:24:44 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- FOR centuries, nations have outwitted one another with architectural marvels that are tall and beautiful and can stand the vagaries of time to tell the history of their glorious past.From Gothic cathedrals in France to Egyptian pyramids, from rock-cut temples of Khajuraho to the marbled brilliance of the Taj Mahal, all have been attempts by the rich and the powerful to display their might -horizontally, if not vertically.]]></description>
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            <title><![CDATA[Sharma to take up treatment of SEZs in Direct Taxes Code with Pranab]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6021</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 24 Jun 2010 18:22:27 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Commerce and Industry Minister, Mr Anand Sharma, will soon meet the Finance Minister, Mr Pranab Mukherjee, to take up the concerns of Special Economic Zone developers on tax treatment under the Direct Taxes Code (DTC) regime.The Commerce Secretary, Dr Rahul Khullar, told Business Line that the two Ministries would work out a &acirc;€œcompromise&acirc;€ solution. But he declined to elaborate.]]></description>
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            <title><![CDATA[Mantri plans new malls in Chennai, Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6020</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 24 Jun 2010 18:21:19 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Mantri Developers has outlined their plans to launch new real estate ventures in Bangalore (six), Chennai (two) and Hyderabad (two) during the course of this year.The company, which has set up one of the country&#039;s largest malls in Bangalore, Mantri Square, is looking at launching two more of them in Hyderabad and Chennai.]]></description>
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            <title><![CDATA[Realtors turn unconventional as &#039;live big&#039;is the mantra]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6019</link>
			<source>Business Standard</source>
			<pubDate>Thu, 24 Jun 2010 18:19:52 +0530</pubDate>
			<description><![CDATA[Business Standard- From being just a roof over the head, the dwelling units are going through a sea change in engineering and technological aspects to redefine luxury. Unconventional is the USP for these residential projects.For instance, the Lodha Group&#039;s recently-announced spa villas where each villa has a spa. &acirc;€œWe have studied the market offerings. Customer demands are changing constantly,&acirc;€ says Samujjawal Ghosh, senior general manager (marketing).]]></description>
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            <title><![CDATA[India-US CEOs suggest $10 billion infrastructure fund for India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6018</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 24 Jun 2010 18:18:07 +0530</pubDate>
			<description><![CDATA[The Economic Times- With US President Barack Obama&#039;s India visit in November offering an opportunity to intensify their economic engagement, captains of industry have suggested creation of a $10 billion debt fund for development of infrastructure in India. Among other &quot;interesting and ambitious ideas&quot; recommended by the India-US CEOs&#039; Forum Tuesday were &quot;collaboration under the National Solar Mission of India, a long term initiative on diabetes research and treatment, linkages between educational institutions and joint research in clean energy, including bio-fuels.&quot;]]></description>
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            <title><![CDATA[China, India show greatest improvement in commercial real estate transparency]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6017</link>
			<source>Channel News Asia</source>
			<pubDate>Thu, 24 Jun 2010 18:16:14 +0530</pubDate>
			<description><![CDATA[Channel News Asia- The Asia Pacific region showed the greatest improvement in having transparent commercial property markets with China and India showing the biggest gains. This is according to a new Global Real Estate Transparency Index by Jones Lang LaSalle. The commercial property segments in China and India have grown rapidly in recent years. China&#039;s Tier 1 cities climbed five spots to rank 45 on the Jones Lang index while India&#039;s Tier 1 cities went up three spots to 41.]]></description>
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            <title><![CDATA[Need for professional qualification in real estate]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6016</link>
			<source>Construction Week</source>
			<pubDate>Thu, 24 Jun 2010 18:14:27 +0530</pubDate>
			<description><![CDATA[Construction Week- Sachin Sandhir underlines the need to ensure a high degree of professionalism in the real estate sectorThe real estate professional services have not quite matched the expectations of clients resulting in a tarnished image. As land, property and construction sectors across the world are becoming intrinsically linked and interwoven, more and more organizations and clients are seeking business partners, vendors and their representative professionals with a certain level of technical expertise, at par with international norms and greater assurance of quality standards]]></description>
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            <title><![CDATA[Home loans up to Rs5 lakh without documents]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6015</link>
			<source>livemint</source>
			<pubDate>Wed, 23 Jun 2010 19:37:05 +0530</pubDate>
			<description><![CDATA[livemint- Your family driver once told you that he wanted to buy his own house because he was spending too much in rent.The problem: Even though he had managed to save a decent sum over the years, it was not enough to fund the entire cost of the house. The bigger problem: No bank was ready to give him a home loan because he didn&#039;t have the required documents, such as salary slips.]]></description>
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            <title><![CDATA[Are EMI sharing plans meant for you?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6014</link>
			<source>livemint</source>
			<pubDate>Wed, 23 Jun 2010 19:35:43 +0530</pubDate>
			<description><![CDATA[livemint- Akit Agarwal, a senior software engineer with a Noida-based information technology firm, has been on the lookout for a two-bed- room apartment in and around Noida or Ghaziabad. While house hunting, some hoardings on residential projects caught his attention.The hoardings promised attractive offers: &acirc;€œNo EMI (equated monthly instalment) till pos- session. First 12 EMIs free. Book your flat for Rs2 lakh and start paying EMIs after possession.After a bit of asking around, Agarwal found out that these projects were basically offering the EMI-sharing facility.]]></description>
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            <title><![CDATA[Shopper&#039;s Stop to raise Rs300 cr for new stores, HyperCity stake]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6013</link>
			<source>livemint</source>
			<pubDate>Wed, 23 Jun 2010 19:34:01 +0530</pubDate>
			<description><![CDATA[livemint- S hopper&#039;s Stop Ltd plans to raise Rs300 crore within the next two quarters from institutional investors to fund 18 new stores and to in- crease its stake in HyperCity Retail (India) Ltd from the cur- rent 19%, said customer care associate and vice-chairman B.S. Nagesh.The new stores will add to the 30 outlets that the company already has across India, while HyperCity will open four new outlets to take its tally to 11 by March 2011.]]></description>
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            <title><![CDATA[Lodhas set to foray into infra, realty &amp; power]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6012</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Jun 2010 19:32:28 +0530</pubDate>
			<description><![CDATA[The Financial Express- Very soon, Uttar Pradesh will have bus terminals that are not only clean and free of congestion, they will also be equipped with the best amenities available on the road. In a bid to improve the quality of road transport facilities and provide international-level passenger amenities to the people of the state, the Uttar Pradesh government is envisaging the development of bus stations-cum-commercial complexes infrastructure at their existing bus terminal properties at 242 locations in the state under public private participation (PPP). A total investment of Rs 2,200 crore would be needed for the project, which is to be developed under design-build-finance-operate-transfer (DBFOT).]]></description>
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            <title><![CDATA[UP to rope in pvt players for bus terminal upgrade]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6011</link>
			<source>The Financial Express</source>
			<pubDate>Wed, 23 Jun 2010 19:31:39 +0530</pubDate>
			<description><![CDATA[The Financial Express- Very soon, Uttar Pradesh will have bus terminals that are not only clean and free of congestion, they will also be equipped with the best amenities available on the road. In a bid to improve the quality of road transport facilities and provide international-level passenger amenities to the people of the state, the Uttar Pradesh government is envisaging the development of bus stations-cum-commercial complexes infrastructure at their existing bus terminal properties at 242 locations in the state under public private participation (PPP). A total investment of Rs 2,200 crore would be needed for the project, which is to be developed under design-build-finance-operate-transfer (DBFOT).]]></description>
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            <title><![CDATA[Now, penthouse pools make a splash]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6010</link>
			<source>The Times of India</source>
			<pubDate>Wed, 23 Jun 2010 19:29:57 +0530</pubDate>
			<description><![CDATA[The Times of India- Until sometime ago, penthouse pools were an unfulfilled dream for Gujaratis. But, fancy realty is turning a reality in apnu Amdavad. It&acirc;€™s not just the size and price of real estate that is heading northwards in Gujarat. Quality of residential and commercial spaces too is improving. And luxury is the cornerstone here. Developer GD Agarwal, who recently constructed a luxurious residential scheme along SG Road, offers flats with personal swimming pool. &acirc;€œPenthouses will have a small pool,&acirc;€ says Agarwal. The developers say adequate precautions have been taken to adjust pools on the pillars.]]></description>
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            <title><![CDATA[Subir Roy: Let&#039;s build a few Chandigarhs]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6009</link>
			<source>Business Standard</source>
			<pubDate>Wed, 23 Jun 2010 19:28:36 +0530</pubDate>
			<description><![CDATA[Business Standard- All thought of meeting the urban challenge before the country &acirc;€” creating the equivalent of 10 new Mumbais to accommodate 250 million in the next 20 years &acirc;€” is centred on growing existing urban spaces incrementally. But retrofitting urban centres so that they can both grow and be more livable is an almost insurmountable task. The country has neither the governance wherewithal nor the resources needed. Despite this, the one option that is almost instinctively discounted is greenfield cities. Chandigarh remains the only new independent city of any consequence built in independent India. Not only is the vision needed to dream new cities gone, getting the land has emerged as an almost impossible hurdle in the last few years.]]></description>
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            <title><![CDATA[Inno to invest $150 mn in India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6008</link>
			<source>Business Standard</source>
			<pubDate>Wed, 23 Jun 2010 19:27:05 +0530</pubDate>
			<description><![CDATA[Business Standard- Inno, a global investment group focused on real estate, is planning to invest around $150 million (Rs 690 crore) in various residential projects in the country in the next six to seven years. Speaking to reporters at the launch of Inno Geocity, a Rs 750-crore flagship residential project to come up in the industrial belt of Oragadam near here, Rajamannar Ramaswamy, group managing director, Inno Group Holdings Limited, said the company had raised $200 million (around Rs 920 crore) so far and had invested $50 million in three projects including a hotel project and residential projects in Chennai, and a villa project at Coimbatore.]]></description>
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            <title><![CDATA[Institute of Architects deplores delays]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6007</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 23 Jun 2010 19:25:44 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Indian Institute of Architects, Kerala Chapter, has protested against the delay in bringing out the amended Kerala Municipal Building Rules (KMBR) in spite of the understanding during discussions with all concerned by the State Local Administration Minister.The building industry is heading for a stand still situation in the State due to the delay in amendment of KMBR. New projects are not submitted for Government license since the provisions in December 2009 notification is impractical and most of them are not logically sound, said Mr Lalichan Zacharias and Mr Roy John, Chairman and Secretary, respectively, of the Chapter.]]></description>
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            <title><![CDATA[SEZs migrating to other zones may face tax hurdles]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6006</link>
			<source>The Hindu Business Line</source>
			<pubDate>Wed, 23 Jun 2010 19:22:53 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Commerce Ministry may have allowed SEZ units to migrate from one SEZ to another, but such units may face tax difficulties in the absence of specific guidance from tax authorities to cover such situations, say tax experts.There is no specific provision in the income tax law to deal with the migration situation and hence the tax authorities at the ground level could take any view &acirc;€” either allow the migrated unit to enjoy tax holiday for the unexpired period or deny the tax holiday for the remaining period, sources in the Finance Ministry said.]]></description>
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            <title><![CDATA[Uniform building guidelines okayed]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6005</link>
			<source>Business Standard</source>
			<pubDate>Wed, 23 Jun 2010 19:21:41 +0530</pubDate>
			<description><![CDATA[Business Standard- The Tamil Nadu government has approved uniform guidelines or Development Control Regulations relating to special buildings, multi-storeyed buildings, group developments, layouts and sub-divisions. According to the state government release these regulations are to be implemented in planning areas including Trichy, Madurai, Tirunelveli, Thoothukudi, Salem, Erode, Coimbatore, Tirupur, Vellore and sub-urban areas falling in Kancheepuram and Tiruvallur districts in Tamil Nadu.]]></description>
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            <title><![CDATA[1-BHK flats in Mumbai&#039;s old Khar society sold for Rs 4.5 crore]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6004</link>
			<source>The Economic Times</source>
			<pubDate>Wed, 23 Jun 2010 19:20:08 +0530</pubDate>
			<description><![CDATA[The Economic Times- In a bonanza for residents of a Khar housing society, a builder has been buying off their mid-sized flats, paying each family between Rs 4 crore and Rs 5.5 crore. Mumbai-based Parinee Developers claims to have shelled out between Rs 4 crore to Rs 4.5 crore for a one-BHK flat and Rs 5 crore to Rs 5.5 crore for a twoand-a-half-BHK in the three-decade-old Bharatiya Bhavan Cooperative Housing Society, which is located at the corner of 17th Road in Khar (west). Parinee plans to demolish the buildings and set up a high-end residential tower.]]></description>
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            <title><![CDATA[DLF seeks to cut debt by selling Aman Resorts chain]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6003</link>
			<source>Financial Times</source>
			<pubDate>Tue, 22 Jun 2010 20:33:29 +0530</pubDate>
			<description><![CDATA[Financial Times- DLF is seeking to sell its controlling stake in the Aman Resorts luxury hotel chain as part of a plan by India&#039;s largest property developer by sales to cut its high debt levels by about Rs50bn ($1.1bn).The Indian developer - hit hard by the slowdown in India&#039;s real estate market during the global financial crisis - hopes to raise $350m by selling its controlling stake in Aman Resorts to an Asian or Middle Eastern sovereign wealth fund, investment banking sources said.]]></description>
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            <title><![CDATA[Inno launches GeoCity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6002</link>
			<source>The Hindu</source>
			<pubDate>Tue, 22 Jun 2010 20:28:13 +0530</pubDate>
			<description><![CDATA[The Hindu- Inno Real Estate, a division of Inno, a global investment group focussed on Indian real estate with operations in Europe, Middle East and India, launched its flagship residential project, Inno GeoCity, in Oragadam near Chennai.Addressing presspersons here on Monday, Group Managing Director Rajamannar Ramaswamy said GeoCity was Inno&#039;s first own development project. The group had already funded six projects in India with a total gross development value (GDV) of Rs. 2,600 crore. Mr. Ramaswamy said the group had a corpus of $200 million earmarked for investments. It already channelled over $50 million.]]></description>
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            <title><![CDATA[Property dealers in city woo investors with cars]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6001</link>
			<source>The Indian Express</source>
			<pubDate>Tue, 22 Jun 2010 20:25:27 +0530</pubDate>
			<description><![CDATA[The Indian Express- In the slump of close to two years, real estate giants have blocked their money. With no buyers to take away their office space, land and apartments, they are now wooing clients with freebies. As a step in this regard, a property dealers&acirc;€™ exhibition was organised recently in which 13 real estate dealers from the north India participated. The two-day exhibition concluded on Sunday.]]></description>
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            <title><![CDATA[Grandfathering SEZs: Has FM walked the talk?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=6000</link>
			<source>Business Standard</source>
			<pubDate>Tue, 22 Jun 2010 20:22:35 +0530</pubDate>
			<description><![CDATA[Business Standard- An investment to the tune of Rs 1.5 lakh crore employing over 500,000 people with a staggering incremental growth rate of 127 per cent in exports in 2009-2010 over the previous year &acirc;€” the special economic zones (SEZs) have delivered well and their role as a growth catalyst in developing India cannot be overlooked.This was also acknowledged by our finance minister in his Budget speech 2010: &acirc;€œThe SEZs have attracted significant flows of domestic and foreign investments. In first three quarters of 2009-10, exports from SEZs recorded a growth of 127 per cent over the corresponding period last year. The government is committed to ensuring continued growth of SEZs to draw investments and boost exports and employment.&acirc;€]]></description>
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            <title><![CDATA[Shoppers Stop to pump more into Hypercity]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5999</link>
			<source>The Economic Times</source>
			<pubDate>Tue, 22 Jun 2010 20:21:23 +0530</pubDate>
			<description><![CDATA[The Economic Times- Leading premium retail store chain Shoppers Stop today said its shareholders have approved an additional Rs 200-crore investment in the Raheja Group&#039;s Hypercity Retail. A special resolution to this effect was passed by the shareholders through a postal ballot, Shoppers Stop said in a filing to the Bombay Stock Exchange.]]></description>
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            <title><![CDATA[Mumbai residents paid Rs 4-5 cr for their flats]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5998</link>
			<source>The Times of India</source>
			<pubDate>Tue, 22 Jun 2010 20:19:42 +0530</pubDate>
			<description><![CDATA[The Times of India- In a bonanza for residents of a Khar housing society,a builder has been buying off their mid-sized flats,paying each family between Rs 4 crore and Rs 5.5 crore.Mumbai-based Parinee Developers claims to have shelled out between Rs 4 crore to Rs 4.5 crore for a one-BHK flat and Rs 5 crore to Rs 5.5 crore for a twoand-a-half-BHK in the threedecade-old Bharatiya Bhavan Cooperative Housing Society,which is located at the corner of 17th Road in Khar (west).Parinee plans to demolish the buildings and set up a high-end residential tower.]]></description>
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            <title><![CDATA[Before investing in a second house]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5997</link>
			<source>livemint</source>
			<pubDate>Tue, 22 Jun 2010 20:18:27 +0530</pubDate>
			<description><![CDATA[livemint- With increasing disposable incomes and aspirational lifestyles, buying a second house is becoming popular and the trend is expected to grow. The decision to buy a second house can usually be divided into two broad catego- ries--pure investment or an option for leisure or vacation.While some consider a second home as a getaway leisure op- tion on a short-term basis, for others, it is a retirement option from the long-term perspective.]]></description>
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            <title><![CDATA[PENSION PRODUCT - New reverse mortgage makes the cut]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5996</link>
			<source>livemint</source>
			<pubDate>Tue, 22 Jun 2010 20:17:09 +0530</pubDate>
			<description><![CDATA[livemint- The concept level, reverse mortgage loan--get a fixed monthly income for a good number of years against your house even as you keep living in it--has been around for some years now. But it hasn&#039;t really taken off. While some find it difficult to come to terms with something like mortgaging a house they have lived in all their life, others find the process cumbersome.Some others may simply not know about the product at all.Recently, the product has turned a new leaf, which makes it more attractive. It will now join hands with a life insurance company to provide annuity--periodic payment for lifetime--for the amount of loan that you take against your house. With the insurer inter- face, you will not only get a better deal but will also get it for lifetime.]]></description>
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            <title><![CDATA[NTC eyes Rs 750 cr from Mumbai mill sell-off]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5995</link>
			<source>The Financial Express</source>
			<pubDate>Tue, 22 Jun 2010 20:15:33 +0530</pubDate>
			<description><![CDATA[The Financial Express- Aiming to garner a minimum of Rs 750 crore, state-run National Textile Corporation said it will sell 8.38 acres of prime land in Mumbai, via e-auction. National Textile Corporation (NTC) had earlier invited sealed tenders for sale of Bharat Textile Mills, located in Lower Parel, one of the prime areas of the land-starved city.]]></description>
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            <title><![CDATA[ALLOTMENT OF INDUSTRIAL PLOTS REVOKED]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5994</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 21 Jun 2010 19:06:47 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi government on Saturday cancelled allotment of three industrial plots in Bawana and Narela. The plots were allotted under the relocation scheme of the Delhi government to enable entrepreneurs shift their industries that were earlier in non- conforming or residential areas. About 23,000 units have been allotted industrial plots in new industrial area and flatted factory complexes developed in areas such as Bawana and Narela.]]></description>
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            <title><![CDATA[Gurgaon&#039;s green, their envy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5993</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 21 Jun 2010 19:05:08 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Delhi Metro Rail Corporation&#039;s terminal Metro station in Gurgaon in Sector 29 will not only be developed as a shopping and entertainment centre, it will also be its first eco-friendly Green Building with Green Rating for Integrated Habitat Assessment (GRIHA) certification. Projected to be ready by October, the six-floor metro station is being constructed in consultation with The Energy &amp; Resources Institute (TERI) with clay tiles to keep the building thermal-insulated from weather.]]></description>
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            <title><![CDATA[METRO THROWS ESTATE PRICES OFF TRACK]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5992</link>
			<source>The Hindustan Times</source>
			<pubDate>Mon, 21 Jun 2010 19:03:25 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Riding the Metro mood, property rates in developed local- ities in Gurgaon have escalated by 40-55 percent during last 3-4 months. The localities most affected are DLF city, Sushant Lok, Southcity and other HUDA sectors through which the Gurgaon Metro line passes.
Many investors from India and abroad looking to make big bucks of the Metro boom. Some of the end users scouting for properties in Gurgaon are those keen to sell off their Delhi lots and settle in Gurgaon, now that the town is better con- nected to Delhi and NCR.]]></description>
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            <title><![CDATA[Do circle rate changes affect you?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5991</link>
			<source>livemint</source>
			<pubDate>Mon, 21 Jun 2010 19:01:23 +0530</pubDate>
			<description><![CDATA[livemint- A major problem that most salaried individuals face while buying a house is that they can&#039;t arrange the cash component that owners ask for. It&#039;s an open secret that only a fraction of the deal is accounted for and the rest, the buyer is expected to pay up in cash. However, most people are able to manage just about enough to make the downpayment to the bank for a home loan. If you are one of them, any revision in circle rates would come as a breather for you. Recently, the Delhi government increased the circle rates three times the existing rates for sale and purchase of properties across the city. In the past few months, state governments of Haryana and Uttar Pradesh also revised circle rates in Gurgaon and Noida, respectively.]]></description>
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            <title><![CDATA[Shriram Properties scouts for PE funds]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5990</link>
			<source>livemint</source>
			<pubDate>Mon, 21 Jun 2010 18:59:42 +0530</pubDate>
			<description><![CDATA[livemint- Property developer Shriram Properties Ltd, part of the Rs25,000 crore Shriram Group, has put its listing plans on hold for at least six months and is scouting for private equity (PE) funds to back new businesses.
To streamline operations, the Bangalore-based Rs450 crore realty firm is setting up separate verticals for its retail, budget hospitality, and ware- housing and logistics businesses, after having shelved these during the downturn. The main firm will maintain its focus on residential projects.]]></description>
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            <title><![CDATA[Real estate sector on growth track, but full recovery to take more time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5989</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Jun 2010 18:57:31 +0530</pubDate>
			<description><![CDATA[The Financial Express- On the back of economic recovery, the commercial real estate sector has shown some resilience during the first half of calendar year 2010. Most markets across India have started recording stable rentals, indicating a gradual revival in demand. This trend is likely to remain constant in 2010, where consultants expect rental values to remain stable with a strengthening bias across established markets like Mumbai (BKC) and Delhi (NCR and Gurgaon) regions. However, the little cheer in the commercial real estate is short-lived, given the over supply existing in the market and the new supply coming in the next few months.]]></description>
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            <title><![CDATA[Degraded land costs Rs 28,500 crore to India]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5988</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Jun 2010 18:55:38 +0530</pubDate>
			<description><![CDATA[The Financial Express- The country is losing Rs 28,500 crore, at current price, on account of degraded lands. This comes to about 12% loss as per the total value productivity of these lands. According to a study conducted by Indian Council of Agricultural Research and department of space, degraded and wasteland in India cover 120.4 million hectare (Mha) . The study &acirc;€˜Degraded and waste lands of India&#039; emphasised on the usage of remote sensing and GIS (geographical information system) technology as one-stop solution for estimation of degraded and wastelands of the country.]]></description>
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            <title><![CDATA[RIL to add more space for retail venture]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5987</link>
			<source>The Financial Express</source>
			<pubDate>Mon, 21 Jun 2010 18:53:42 +0530</pubDate>
			<description><![CDATA[The Financial Express- Cash-plush Reliance Industries, headed by Mukesh Ambani, has asked property owners to take part in the ambitious growth plan for its retail venture by renting or selling real estate space across the country. The company has invited applications from property owners as it wants commercial space between 3,000 and 30,000 sq ft and above for Reliance Retail.]]></description>
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            <title><![CDATA[Transition to IFRS norms will impact telecom, realty, construction and IT firms the most]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5986</link>
			<source>Financial Chronicle</source>
			<pubDate>Mon, 21 Jun 2010 18:45:05 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- COME April, some Indian com panies will change the way they report financial statements as they converge with International Financial Reporting Standards (IFRS) from Indian Gaap (Generally Accepted Accounting Principles).The ministry of corporate affairs (MCA) has set April 1, 2011, as the effective date for convergence with International Financial Reporting Standards (IFRS), which would be executed in phases.From April 1, companies that are part of Sensex and Nifty indices, securities listed aboard and those with net worth in excess of Rs 1,000 crore will start reporting their accounts in line with IFRS standards. This norm excludes banking, financial services and insurance companies. With the new reporting norm in place, should it concern you as a shareholder?]]></description>
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            <title><![CDATA[FDI in services sector drops 33.5% due to global credit crunch]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5985</link>
			<source>The Economic Times</source>
			<pubDate>Mon, 21 Jun 2010 18:43:33 +0530</pubDate>
			<description><![CDATA[The Economic Times- Foreign direct investment in the services sector dropped by 33.5 per cent to $4.39 billion during 2009-10, mainly on account of the global credit squeeze. However, the services sector, which includes financial and non-financial services, attracted the maximum foreign inflows out of all the sectors, according to the latest data of the Department of Industrial Policy and Promotion (DIPP). The services sector attracted 21 per cent of the total foreign direct investment (FDI) inflows in April-March, 2009-10. It was followed by construction activities, housing and real estate and telecommunications, which attracted $2.86 billion, $2.84 billion and $2.55 billion investments respectively during the previous financial year.]]></description>
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            <title><![CDATA[Focus on green buildings]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5984</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 21 Jun 2010 18:41:27 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Indian Green Building Council (IGBC), part of the CII-Godrej GBC, is actively involved in promoting the concept in India. The vision is to serve as single-point solution provider and be a key engine to facilitate all green building activities in India.The IGBC Pune Chapter, chaired by Mr Lalit Kumar Jain, Chairman and Managing Director, Kumar Urban Ltd, and co-chaired by Mr Poorva Keskar (architect), was launched in August 2008. Today, it has 58 members, including three founding members, and generated good response as several buildings have acquired green certification.]]></description>
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            <title><![CDATA[Rapid urbanisation calls for Govt focus on infra development]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5983</link>
			<source>The Hindu Business Line</source>
			<pubDate>Mon, 21 Jun 2010 18:40:03 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Indian population is set to be divided equally between urban and rural areas in the next 20 years with some states having more people living in urban centres than in rural areas and it is time for the Governments to build necessary infrastructure facilities before the great urban boom becomes a reality, according to Mr Kumar Gera, National Chairman, Confederation of Real Estate Developers&#039; Association of India (Credai).He also is of the view that in whichever form, IT concession to home loan borrowers is extended under the proposed new Income Tax rules, it would bring relief to home buyers.]]></description>
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            <title><![CDATA[Cash plug for tax hole in Mauritius]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5982</link>
			<source>The Hindustan Times</source>
			<pubDate>Sun, 20 Jun 2010 21:08:52 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- In a bid to plug the tax loophole foreign investors use by routing their money to India through Mauritius, the government has sought amendments in its bilateral treaty with the island nation and offered cash compensation for revenue loss on account of the changes.Plagued by reports of tax evasion and other manipulations, the finance ministry has asked Mauritius &acirc;€” through which 43 per cent of India&acirc;€™s foreign direct investment is channelled &acirc;€” to &acirc;€œsuitably modify&acirc;€ the Double Taxation Avoidance Treaty of 1982. New Delhi, sources said, wants the following concerns to be addressed:]]></description>
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            <title><![CDATA[Credai&#039;s infrastructure focus]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5981</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sun, 20 Jun 2010 21:07:36 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Confederation of Real Estate Developers Association of India (CREDAI) will work closely with the Central and State Governments to address issues relating to infrastructure development and procedural issues to bring down costs, according to its President Mr Santosh Rungta.Addressing a press conference in Chennai, he said infrastructure development should precede real estate development for viable land costs and organised urbanisation. Supply of land for development can be increased only through infrastructure that will help improve access and reach. This would help bring down land costs and benefit the end-buyers. Another issue is the time taken for project approvals. The delay is an issue across the country, he said.]]></description>
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            <title><![CDATA[Neptune, Indiareit Fund To Sell Kurla Land]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5980</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 20 Jun 2010 21:06:10 +0530</pubDate>
			<description><![CDATA[The Economic Times- Mumbai based developer, Neptune and real estate fund Indiareit Fund Advisors have put the central Mumbai suburban land on the block, sources said. It is a 17 acre land in Kurla which is valued at around Rs 1,200 crores. Both Neptune and Indiareit Fund hold 50% each in the land.]]></description>
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            <title><![CDATA[Advantages of joint ownership of property]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5979</link>
			<source>The Economic Times</source>
			<pubDate>Sun, 20 Jun 2010 21:04:49 +0530</pubDate>
			<description><![CDATA[The Economic Times- Property may be owned either singly or jointly. Joint ownership connotes equal rights to use the property along with equal title.When two or more persons are joint owners of a property, it is understood that there is unity in title, possession, interest and commencement of title.Common ownership, in contrast with joint ownership, has unity of possession and commencement of title, but the other two features, unity of interest and title, are missing]]></description>
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            <title><![CDATA[Sops galore for home buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5978</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 19:05:20 +0530</pubDate>
			<description><![CDATA[The Times of India- Revised tax code proposes tax concessions on interest paid up to Rs 1,50,000 on home loan to buy a house for one&#039;s own use. There is good news for house buyers.In its revised discussion paper on direct tax code,the government has given a number of sops to the house buyers as against what was proposed in original draft released in August 2009. The revised draft has again proposed to allow the tax concessions on the interest paid up to Rs 1,50,000 during a financial year on home loan to buy a house for one&#039;s own use.This provision was conspicuous by its absence in the original draft discussion paper. Similarly,the government had also decided not to tax the rental income from a house property on presumptive basis,which was part of the original draft.This will also provide a lot of relief to the home-buyers.]]></description>
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            <title><![CDATA[Comm min against SEZ tax code]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5977</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 19:03:13 +0530</pubDate>
			<description><![CDATA[The Times of India- The commerce ministry is not happy with the proposal of revised draft of the direct tax code (DTC),which did not allow tax benefits to new units in special economic zones (SEZs) of the country.The draft has only given tax sops to units that will be operational by March 31,2011. the amended proposals in the revised draft have not addressed the issue fully and will continue to create uncertainty among the SEZ developers.This will affect the development of SEZs,he said.The commerce ministry will raise this issue with the finance ministry soon.]]></description>
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            <title><![CDATA[Retail business poised for a big push]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5976</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 19:01:25 +0530</pubDate>
			<description><![CDATA[The Times of India- In a span of three-and-a-half years, since the launch of its first store, the retail business has rapidly grown as the company has become one of the largest pan-India retailers. According to CB Richard Ellis report, India is the 39th most preferred location for retailers to establish operations, with several top retailers having a presence in the country. The Business Monitor International (BMI) India Retail Report for the third-quarter of 2010, released in May, forecasts that the total retail industry will grow from $353 billion (Rs 16 lakh crore) in 2010 to $543.2 billion (Rs 25 lakh crore) by 2014.]]></description>
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            <title><![CDATA[Ghost colonies: Land mafia dupes buyers]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5975</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:58:02 +0530</pubDate>
			<description><![CDATA[The Times of India- Over the past 10 days,Delhi government claims to have reclaimed 150 acres of land under unauthorized occupation.As its bulldozers razed illegal constructions and removed debris,a staggering scam has emerged involving government and private land being passed off as part of colonies awaiting regularization. Ahead of Rohini,theres a four-acre plot in Rupali Enclave.The plan submitted as part of the regularization application shows this area to be part of the colony.But the land has actually been notified for acquisition by the city government.]]></description>
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            <title><![CDATA[CLIMATE CHANGE - Office building energy saving codes to be made mandatory]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5974</link>
			<source>livemint</source>
			<pubDate>Sat, 19 Jun 2010 18:55:41 +0530</pubDate>
			<description><![CDATA[livemint- Energy saving codes will be made mandatory in three years for new office buildings, as one of several steps being taken by the urban habitat mission to make cities more sustainable. The mission, one of the eight under the Prime Minister&#039;s National Action Plan on Climate Change (NAPCC), was approved in principle by the Prime Minister&#039;s council on Friday.]]></description>
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            <title><![CDATA[Rainwater harvesting to recharge groundwater]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5973</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:53:35 +0530</pubDate>
			<description><![CDATA[The Times of India- This is a simple system that you need to incorporate to conserve water resources. Groundwater is being extracted by everyone with no way of recharging it.There is increasing demand for drinking water for the houses,water for cultivation needed by the farmers,and the huge water needs by various industries. In simple terms,rainwater harvesting consists of a few,simple,low cost structures that collect rainwater,and convey it to a storage tank.The techniques and components used,complexity of the system,cost involved and the end use vary with the scope of the project.The roof and walkarea around the house form a bulk of the catchments areas.]]></description>
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            <title><![CDATA[LEGAL REMEDIES - Of rights and responsibilities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5972</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 19 Jun 2010 18:51:07 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Before finalising a transaction, the buyer and seller must be fully aware of the duties they have towards each other. Purchasing a property involves considerable investment both in terms of time and money. For a dispute-free sale transaction in favour of all parties involved, it is important to be aware of the obligations and duties buyers and sell- ers have towards each other. Section 55 of the Transfer of Property Act, 1882 (`TPA&#039;) enumerates buyers&#039; and sellers&#039; rights and responsibilities. These covenants are implied in nature. Hence, in the absence of a sale con- tract that is contrary to these covenants, provisions in Section 55 of TPA shall be enforceable. Seller&#039;s responsibilities Before finalising a sale, the seller is bound to perform certain duties towards the prospective buyer, such as: Giving details of material defects in the property and/or its title to the buyer, of which the seller is aware but the buyer is not, or which he (the buyer) might not be able to discover.]]></description>
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            <title><![CDATA[The best cities to live in]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5971</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 19 Jun 2010 18:47:38 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- Vienna is the best city in the world to live in. New Delhi and Bengaluru are the top Indian cities. V i s t enna retains the top pot as the city with he world&#039;s best quality of living, according to the Mercer 2010 Quality of Living Survey. Zurich and Geneva follow in second and third position, respectively, while Vancouver and Auckland remain joint fourth in the rankings. Singapore (28) is the top-scoring Asian city followed by Tokyo at 40. Baghdad, ranking 221, remains at the bottom of the list. As far as India is concerned, the rankings indicate that Bengaluru and New Delhi continue to be per- ceived as the best amongst Indian cities, with Mumbai coming in a close third Commenting on the rankings of Indian cities]]></description>
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            <title><![CDATA[150 acres of land cleared of encroachers: Minister]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5970</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:42:35 +0530</pubDate>
			<description><![CDATA[The Times of India- There are different versions as to how the land,that was notified for acquisition by the city government in Rupali Enclave beyond Rohini,was swiftly occupied.Official sources suggest land authorities might have initially winked at the kabza by dragging their feet on acquisition. RWAs,possibly in league with land owners-turnedproperty dealers and officials,showed vacant areas as part of their colonies in regularization applications.Whatever the modus operandi,action by the revenue department and the anti-corruption branch has exposed the clever ploy to make a fast buck in a landhungry city.]]></description>
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            <title><![CDATA[Standing tall]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5969</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 19 Jun 2010 18:39:57 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- With several real estate developers launching 60-storey plus residential projects, India is all set to script its own tall tale. Up and away India has just ordered a slew of tall buildings. From Lodha Developers Ltd&#039;s recent announcement of a 442- metre, 117-storey World One property in Mumbai to Ireo&#039;s decision to go in for a 180- metre high Victory Valley residential tower with 51 floors in Gurgaon &Acirc;&shy; the coun- try&#039;s real estate is, literally speaking, growing in stature. In the last few years, the demand for high-rise buildings has shifted toward the Eastern parts of the globe. This is concurrent with the rise of the economic power of the East and the growing desire by newly prosperous cities to see themselves on the global map. Among the super-tall structures that have set the trend in this side of the world are Taipei 101 and Dubai&#039;s Burj Khalifa.]]></description>
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            <title><![CDATA[Commercial bldgs must go green in three years time]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5968</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:35:40 +0530</pubDate>
			<description><![CDATA[The Times of India- The PMs council on climate change on Friday cleared the Urban Habitat Mission under the National Action Plan on Climate Change (NAPCC) which will now make the energysaving building codes mandatory in three years for new commercial buildings. The Urban Habitat Mission,one of the eight under the NAPCC,is the penultimate one to be cleared by the PMs council and is intended to set in several changes in the way cities are planned and mobility planned. While the energy-saving building codes are already in place,they have not been implemented as they remain voluntary in character. The mission will set up demonstration projects across the country and provide the funds to push states to alter building byelaws and other regulations in order to move towards greener habitats.]]></description>
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            <title><![CDATA[FARIDABAD TO GET MEGA INDUSTRIAL TOWNSHIP]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5967</link>
			<source>The Hindustan Times</source>
			<pubDate>Sat, 19 Jun 2010 18:33:02 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- An Industrial Model Township (IMT) is slated to become a reality in Faridabad soon. Coming up on 1,800 acres of land near Ballabgarh, work on this project is likely to begin next month. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), which has acquired land for this purpose has entrusted the task of developing it to a Hyderabad-based infrastructure company -- Ramky Infrastructure.]]></description>
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            <title><![CDATA[Hard reality hits realty hard]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5966</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:30:29 +0530</pubDate>
			<description><![CDATA[The Times of India- Temples,hospitals,banks and cremation grounds reduce the USP of properties in those areas. While in life death is a fact,still,more often than not,people tend to avoid this reality during discussions.Well,this is not the lines of some venerable seer with long beard and wearing &#039;rudrakshas&#039; around his neck,on some religious or spiritual channel feeding us with his lofty sermons.Without sounding too sanctimonious,the sight of departed souls,or someone soaked in blood,is hitting realty hard in the capital.Properties in close proximity to nursing homes,clinics and hospitals hardly find buyers - as well as tenants -even at lesser amounts compared to the prevailing market rates there.]]></description>
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            <title><![CDATA[Architecture adds to investment value]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5965</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:27:53 +0530</pubDate>
			<description><![CDATA[The Times of India- The architecture and developing styles of the city&#039;s buildings add to the investment value of realty here. With the advent of new technologies,new concepts have driven into the city which have increased the sustainability factor of buildings and also reduced their overall cost in the long run.Technical terms like double-walled construction,aluminium shuttering,or garbage chutes might not register in the minds of the users but the eco-friendliness that these technologies garner are impressive.The concept of energy efficiency and green buildings has hit the commercial and residential sectors.Concepts like courtyards or interior pools have not only been a sight for sore eyes but also an important achievement in energy efficiency. While the new segment in architecture stamps its potential on luxurious buildings,it has also left an indelible mark on the affordable construction segment with smart and efficient use of design elements and optimisation of space.There are also ready-tooccupy homes for people with less time on hand.Creativity is at its peak in this garden city.]]></description>
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            <title><![CDATA[House deal]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5964</link>
			<source>The Times of India</source>
			<pubDate>Sat, 19 Jun 2010 18:24:12 +0530</pubDate>
			<description><![CDATA[The Times of India- Buying a house is a huge financial commitment.For many homeowners,a large chunk of their monthly income goes towards home loan repayments.Hence,planning various aspects of the house purchase well in advance can make the process of owing a house a pleasant experience.When should you start planning 
Planning well ahead helps the prospective home owner beat most of the uncertainties. Gauge your requirement.Depending on your family size,usage and lifestyle your requirement could vary.Try predicting your space needs for the future.A two-bedroom house may be sufficient for you today.However,as your family grows so will your space needs.Your children may want separate rooms and your parents may need a more comfortable bedroom.Factor in future needs for additional space before you buy a house.]]></description>
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            <title><![CDATA[Uncertainty over tax issues keeps investors, lenders away from SEZ]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5963</link>
			<source>The Hindu Business Line</source>
			<pubDate>Sat, 19 Jun 2010 18:20:18 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Commerce Ministry said on Friday that financial institutions, banks and overseas lenders are reluctant to either invest in or provide credit to Special Economic Zones (SEZs) due to the uncertainty created by the Direct Taxes Code (DTC) on income-tax exemptions to units in these tax-free enclaves.]]></description>
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            <title><![CDATA[Aditya Birla Retail plans 1,000 supermarkets]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5962</link>
			<source>Business Standard</source>
			<pubDate>Sat, 19 Jun 2010 18:17:58 +0530</pubDate>
			<description><![CDATA[Business Standard- Renegotiating with real-estate owners for a better price in the wake of slowdown has resulted in about 20 per cent savings in the rental expenditure for Aditya Birla Retail Limited (ABRL), the retail arm of the Aditya Birla Group.The company closed down its unprofitable retail outlets and moved to new locations to save on real-estate costs, according to its chief executive officer Thomas Varghese.]]></description>
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            <title><![CDATA[Big ticket deals: Weekly roundup]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5961</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:16:06 +0530</pubDate>
			<description><![CDATA[The Economic Times- An apartment covering an area of 2,950 sq ft located in Carmichael Road was leased at a rental value of Rs 3,12,000 per month. The rental values in this location range from Rs 2,00,000&acirc;€“3,50,000 per month and this mid-segment apartment is well within the range. Located south of Altamount Road, this location houses the creme-de-la-creme of Mumbai. A few consulates also have their residences here. The area is considered very posh and is favoured by expatriates. The current economic stability coupled with an increase in enquiries has stimulated demand and is likely to result in some appreciation of values in this location]]></description>
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            <title><![CDATA[Infra investments to hit 10% of GDP in 2012-17]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5960</link>
			<source>The Financial Express</source>
			<pubDate>Sat, 19 Jun 2010 18:15:38 +0530</pubDate>
			<description><![CDATA[The Financial Express- The government expects infrastructure investment of close to 10% of gross domestic product in the 12th Five Year Plan starting April 2012, with underlying assumptions of 9% GDP growth and faster award of projects in the development of ports and roads. The projected investment in the next Plan is considerably higher than the new estimate of 7.55% of GDP in the ongoing Plan period. Thanks to massive private investments in telecommunication and oil &amp; gas pipelines, the target for the current Plan will be nearly achieved. This is despite some slippages in investments in roads and ports in the initial years of the Plan. Here too, a fresh momentum has recently become visible.]]></description>
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            <title><![CDATA[NTC&#039;s Worli land auction on hold]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5959</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:14:42 +0530</pubDate>
			<description><![CDATA[The Economic Times- National Textiles Corporation (NTC) has indefinitely postponed the bidding process for the 8-acre Bharat Textile Mill, a prime property in central Mumbai. The tenders were expected to be opened in June-end for which a pre-bid meeting with the interested developers was called next week, but, that has been put on hold, sources close to the development said.]]></description>
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            <title><![CDATA[Realty: Stay on FSI a booster for TDR players]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5958</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:13:35 +0530</pubDate>
			<description><![CDATA[The Economic Times- The realty sector is in a flux. The recent tweaking of regulatory norms would have far-reaching effects on some developers. Though sales have been improving as seen in the quarterly financial performance of listed players, there are still concerns over sustaining margins. The fact that pricing continues to be on the higher side, homebuyers are in a fix as to what should be done. In the March &acirc;€™10 results, net sales for listed players doubled on a year-on-year (YoY) basis, but were almost flat on a quarter-on-quarter (QoQ) basis. However, a couple of bigger players, like DLF and Unitech, could not meet their annual sales targets. The sector clocked around 36% operating margin in the last quarter of FY10.]]></description>
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            <title><![CDATA[Promoters raise stake to 46.72 pc in Unitech]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5957</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:11:38 +0530</pubDate>
			<description><![CDATA[The Economic Times- The country&#039;s second largest realty firm, Unitech said its promoters have increased their stake in the company by 0.42 percentage points to 46.72 per cent by converting warrants worth Rs 76.44 crore. &quot;The committee of directors of the company in its meeting held on June 18, 2010, has allotted 2,00,00,000 equity shares of Rs 2 each at a premium of Rs 48.75 per share to Harsil Projects Pvt Ltd, a promoter group company,&quot; Unitech said in a statement.]]></description>
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            <title><![CDATA[Income tax benefits for new SEZs not possible: Revenue Sec]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5956</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:10:12 +0530</pubDate>
			<description><![CDATA[The Economic Times- Dashing the industry&#039;s hopes for a rethink by the Finance Ministry on the proposal for doing away with Income Tax exemption for SEZs, Revenue Secretary Sunil Mitra today said profit-linked deductions are not possible. &quot;If SEZs are to be given concessions, we do not think these have to be tax concessions henceforth,&quot; Mitra told reporters here. According to the revised Direct Tax Code draft, the tax exemptions for the SEZs have been provided only for existing units and not new units.]]></description>
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            <title><![CDATA[Banks go slow on commercial realty lending]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5955</link>
			<source>The Economic Times</source>
			<pubDate>Sat, 19 Jun 2010 18:08:34 +0530</pubDate>
			<description><![CDATA[The Economic Times- Banks are wary of lending to real estate firms despite early signs of a pick up in demand in the sector, as commercial projects continue to face oversupply. Demand in commercial real estate has not picked up compared to the sharp uptick in demand for residential units over the past few months. While office spaces are still unoccupied, ready projects are unable to find takers. The lack of cash flow in multiplexes, retail and office spaces has kept bankers averse to fresh lending.]]></description>
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            <title><![CDATA[When slumdogs reach for the sky]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5954</link>
			<source>livemint</source>
			<pubDate>Fri, 18 Jun 2010 19:18:51 +0530</pubDate>
			<description><![CDATA[livemint- Slum redevelopment is among the most formidable of urban challenges. Standard policy prescriptions cover the full political spectrum from issuing property rights to wholesale relocation of the slum dwellers. Practical difficulties have tilted the choice towards the former. But is that really the soundest solution? Slums are characterized by hap- hazard development, with scant regard to town planning and land registration regulation--some of these regulations, for instance, mandate minimum road width (for infrastructure provision) and open-space re- quirements. Once property rights are conferred on the slum dwellers, it is next to impossible to redevelop the slum--at least through widening the roads to meet the minimum town planning requirements. On the other hand, if slum plots are made regular after leaving out the required road widths, most encroachers will be left with al- most nothing. Either way, it becomes difficult, even impossible, to accommodate all the residents and to redevelop the slum as an approved lay- out through directly giving property rights to the existing residents.]]></description>
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            <title><![CDATA[Inderlok Metro Mall de-sealed on L-G&#039;s orders]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5953</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 18 Jun 2010 19:11:14 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- The Municipal Corporation of Delhi (MCD) de- sealed the Inderlok Metro Mall on Thursday on directions of the Lt. Governor. The civic agency had sealed the mall on June 8 alleging that a private developer has constructed it without authorisation from the civic body. At a meeting chaired by the L-G on Tuesday to clear the standoff between the MCD and the Delhi Metro Rail Corporation (DMRC), the L-G had instructed the civic agency to de-seal the complex.]]></description>
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            <title><![CDATA[A `flat&#039; new look for Delhi]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5951</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 18 Jun 2010 19:05:05 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- While the Municipal Corporation of Delhi (MCD) is already engaged in many Commonwealth Games (CWG) projects across the city, Delhi Development Authority (DDA) is also pitching in with a new scheme. That of giving a much-needed face-lift to the DDA owned residential properties across the city .The project has been announced and according to sources, work tenders issued to interested parties. The ambitious project running into crores will upgrade housing pockets, district centres and green areas of DDA. Under the project, walls will be painted with waterproof paint and damaged plaster will get a fresh coating to lend uniformity to the flats.]]></description>
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            <title><![CDATA[Riot over rising rates]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5950</link>
			<source>The Hindustan Times</source>
			<pubDate>Fri, 18 Jun 2010 19:00:18 +0530</pubDate>
			<description><![CDATA[The Hindustan Times- On Saturday, June 12, the residents of Sushant Lok along with the members of the Residents&#039; Welfare Associations staged a protest on the main road adjoining Sushant Arcade. Around 400 residents assembled to show their resentment against the hike in maintenance charges by maintenance agency, Pro Facilities. The president of the RWA of Sushant Lok-I, C Block, PK Bhatia claims that their are stems from the fact that apart from increasing maintenance charges the agency has deliberately reduced quality of services like security, sanitation and street lighting.Maintenance agency, Pro Facilities Services, has denied this claim and informs that through circulars sent to plot and house owners, they had already cited steep increase in the input cost as a reason behind the rise in charges.]]></description>
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            <title><![CDATA[Manufacturing SEZs as growth catalysts]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5949</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 18 Jun 2010 18:54:51 +0530</pubDate>
			<description><![CDATA[The Financial Express- While the prolonged argument on attractiveness of manufacturing SEZs continues, the skewed nature of functional SEZs would help in making an unprejudiced judgement on their potential. Merely 30% of the operational SEZs under the SEZ Act of 2005 are manufacturing (including multi-product) in nature. Nevertheless, manufacturing SEZ exports contributed to more than 75% of SEZ exports in 2009, exhibiting sectoral performance and latent demand. Increasing cost competitiveness of Indian companies and access to diversified labour pools coupled with onus on foreign trade indicate long-term potential in manufacturing SEZs.]]></description>
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            <title><![CDATA[Crumbling mansions into hotels?]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5948</link>
			<source>The Financial Express</source>
			<pubDate>Fri, 18 Jun 2010 18:50:12 +0530</pubDate>
			<description><![CDATA[The Financial Express- Caught up in bitter family disputes, several of Goa&#039;s age-old mansions built in Indo-Portuguese architecture style are crumbling for want of proper preservation and renovation. India&#039;s apex heritage hotel body has said these structures could be converted into hotel properties showcasing architecturally rich Goa of yesteryears to the visitors. The issue, among other things, would figure in the general body meeting of the Indian Heritage Hotels Association (IHHA) slated in the city this weekend.]]></description>
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            <title><![CDATA[India&#039;s real estate sector yet to attain maturity: CEO, Tata Housing]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5947</link>
			<source>The Economic Times</source>
			<pubDate>Fri, 18 Jun 2010 18:31:09 +0530</pubDate>
			<description><![CDATA[The Economic Times- A closely-held public limited company and part of the Tata group, Tata Housing Development Company, has established itself as one of the key players in the real estate segment, developing residential, commercial as well as retail projects across the country. Tata Housing MD &amp; CEO Brotin Banerjee shares his views on the group&acirc;€™s future plans, launch of premier lifestyle housing complexes including Eden Court &acirc;€” Primo at New Town, and the national realty market with ET. Excerpts.]]></description>
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            <title><![CDATA[Entertainment World to set up four malls in tier-II cities]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5946</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 18 Jun 2010 18:15:03 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Entertainment World Developers (EWD), a tier-II focused retail infrastructure provider, plans to set up four malls across 2.1 million square feet at Ujjain and Jabalpur in Madhya Pradesh as well as Bhilai and Raipur in Chhattisgarh by the end of this fiscal.The company has two operational malls in Indore (M.P.) and one in Nanded (Maharashtra) with 1.5 million sq. ft of leasable area.EWD has also launched two residential projects at Indore and received bookings worth Rs 204 crore in the first few months of its launch. It will go in for another residential project in Indore and Raipur by the end of the year.]]></description>
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            <title><![CDATA[60 SHGs to be involved in construction industry]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5945</link>
			<source>The Hindu Business Line</source>
			<pubDate>Fri, 18 Jun 2010 18:13:07 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- Sixty women Self-Help Groups (SHGs) in Madurai district are to be involved in the manufacture of bricks and centring materials for construction industry.Announcing this at &acirc;€˜SHG-Bank Linkage Credit Seminar for Bankers&#039; organised by Tamil Nadu Corporation For Development of Women Ltd., Project Implementation Unit, Madurai District, the District Collector Mr C. Kamaraj said that under Government sponsored KVVT and IAY schemes, around 6,000 houses are to be built for the poor and these would create a demand for bricks and centring materials and bankers should facilitate the self-help groups to engage in these activities]]></description>
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            <title><![CDATA[Mysore civic body levies fees on property transfer]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5944</link>
			<source>Business Standard</source>
			<pubDate>Fri, 18 Jun 2010 18:11:34 +0530</pubDate>
			<description><![CDATA[Business Standard- In a drive to mobilise resources, the Mysore City Corporation (MCC) has introduced a 2 per cent fee on the transfer of immovable property coming under its jurisdiction from April 4.The fee has been imposed under Section 140 of the Karnataka Corporation Act of 1976.The fee on the sale deed (khata) amount will be charged at the time of registration of the property, a release issued by the MCC commissioner said.Transfer of property bequeathed, gifted or acquired after legal battle will be charged fees on a square feet basis, which will range from Rs 500 to Rs 10,000 depending on the square feet area.]]></description>
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            <title><![CDATA[Tax code could mean death knell for SEZs: Industry&acirc;€™]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5943</link>
			<source>Financial Chronicle</source>
			<pubDate>Fri, 18 Jun 2010 18:09:51 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- FATE of 469 approved special economic zones (SEZs), which are yet to become operational, hangs in balance with the proposed direct tax code (DTC) denying tax exemptions to new units in the SEZs.According to the revised DTC draft, tax exemptions for the SEZs have been provided only for the existing units.]]></description>
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            <title><![CDATA[US home building plunges, industrial output surges]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5942</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Jun 2010 10:29:59 +0530</pubDate>
			<description><![CDATA[Business Standard- US housing starts hit a five-month low in May as a homebuyer tax credit expired while wholesale prices remained subdued, giving the Federal Reserve ample room to maintain its ultra-low interest rate policy.The weak housing market data released by the Commerce Department on Wednesday contrasted with a separate report from the Fed that showed a surge in industrial output, highlighting the uneven nature of the economic recovery.]]></description>
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            <title><![CDATA[Khazanah set to buy Aman Resorts from DLF for about $300-$350 mn]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5941</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 Jun 2010 10:27:45 +0530</pubDate>
			<description><![CDATA[The Economic Times- Malaysian sovereign wealth fund Khazanah is close to buying a controlling stake in Aman Resorts from debt-laden DLF for about $300-$350 million, people familiar with the matter said. The deal may not include Aman&acirc;€™s New Delhi property, and, if concluded, will help India&acirc;€™s largest real estate company cut its Rs 14,000 crore debt pile.]]></description>
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            <title><![CDATA[Govt wants RWAs for property tax collection]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5940</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 Jun 2010 18:33:54 +0530</pubDate>
			<description><![CDATA[The Times of India- Anxious to meet a growing resource crunch,Delhi government is likely to rope in RWAs and management bodies of group housing societies to enhance property tax collection in the capital.Sources said city authorities informed the Planning Commission on Wednesday that RWAs and group housing societies will be entrusted with the task of collecting property tax in their localities and in return will be rewarded for the work.The procedure for involving RWAs will need to be worked out with the MCD which is the agency responsible for collection of property tax.]]></description>
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            <title><![CDATA[8-lane road along Ganga canal soon]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5939</link>
			<source>The Times of India</source>
			<pubDate>Thu, 17 Jun 2010 18:32:41 +0530</pubDate>
			<description><![CDATA[The Times of India- The drive from Delhi to western Uttar Pradesh and Uttarakhand will soon be a breeze for commuters and tourists.With the Uttar Pradesh government all set to start work on an eight-lane expressway connecting Greater Noida and UP-Uttarakhand border in Muzaffarnagar along the Upper Ganga canal,long snarls on NH-58 the existing route will be a thing of the past.The access-controlled expressway project will have the design speed of 120 kmph.The stretch will not only provide an alternate route to the congested NH-58 (Delhi-Haridwar ) but also divert the truck traffic carrying sugarcane from national highway.As per the bid document of the expressway project,the canal along the proposed stretch will be used for navigational facilities.Presently,trucks loaded with sugarcane often cause congestion on NH-58.]]></description>
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            <title><![CDATA[Retirement resort at Lavasa by Ashiana]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5938</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Jun 2010 18:19:58 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Real estate firm Ashiana Housing is planning to foray into west India with Ashiana Utsav &acirc;€“ a chain of retirement resorts. Recently, after setting up two retirement resorts in Bhiwadi and Jaipur, Ashiana has moved to western India to set up a 30-acre retirement resort in Lavasa with 475 units.Ashiana&acirc;€™s target is to bring retirement resorts to at least 10 locations by 2013. Ashiana will move to southern part of the co untry to explore the possibility of setting up retirement resorts in key cities of south India such as Chennai, Coimbatore, Kochi and Bangalore. It also intends to set up retirement resorts for senior citizens in other cities such as Mumbai and Pune.]]></description>
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            <title><![CDATA[Acron unveils project for senior citizens]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5937</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Jun 2010 18:18:38 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- Acron Group, a Mu mbai-based real estate company, has launched a nationwide chain of resi dential communities, Vi vara Residences, for senior citizens. The company has set up Acron Senior Living as part of the diversified Acron Group, which is into property development, hospitality, infrastructure projects and retail.]]></description>
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            <title><![CDATA[Two new realty projects in Hyderabad]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5936</link>
			<source>Financial Chronicle</source>
			<pubDate>Thu, 17 Jun 2010 18:17:22 +0530</pubDate>
			<description><![CDATA[Financial Chronicle- SRI KRISHNA Developers, a part of the Hyderabad-based diversified Sri Krishna Group, is coming up with two realty projects in Hyderabad. The company will develop a luxury gated residential complex in Banjara Hills.]]></description>
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            <title><![CDATA[Vizag civic body plans MoU with Real Energy]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5935</link>
			<source>The Hindu Business Line</source>
			<pubDate>Thu, 17 Jun 2010 18:16:10 +0530</pubDate>
			<description><![CDATA[The Hindu Business Line- The Greater Visakhapatnam Municipal Corporation (GVMC) is planning to sign a memorandum of understanding (MoU) with Real Energy for saving energy in street lighting. The company will be entrusted the responsibility of maintaining the street lights. The same company has been maintaining street lights in Vijayawada for the past two years.According to Mr B. Jayarami Reddy, the Chief Engineer, the GVMC will stand to gain Rs 5 crore a year by signing the MoU with Real Energy. It is estimated that the GVMC incurs an expenditure of Rs 9.6 crore a year on the power bill for lighting the streets and the company has come forward to effect energy-saving of roughly 41.2 per cent.]]></description>
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            <title><![CDATA[Demand for flats in Vizag on the rise, again]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5934</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Jun 2010 18:14:52 +0530</pubDate>
			<description><![CDATA[Business Standard- Real estate developers in Visakhapatnam have a reason to cheer. Demand for flats, which in the last two years had been on the decline, has once again picked up.&acirc;€œDue to the economic recession, the response from the public was very poor till last December for properties in and around the city. Even after flat prices declined by 20 per cent in the last two years, customers were shying away from buying them. However, from February, we are witnessing a significant change,&acirc;€ K Subba Raju, chairman, Confederation of Real Estate Developers Associations of India (Credai), Visakhapatnam, told Business Standard.]]></description>
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            <title><![CDATA[HUDA enforces ECBC code]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5933</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Jun 2010 18:13:33 +0530</pubDate>
			<description><![CDATA[Business Standard- Haryana Urban Development Authority (HUDA) has enforce the Energy Conservation Building Code (ECBC) in new buildings to minimise use of energy.As HUDA spokesman said the urban developers would also incorporate the measures that the code entails in its bye-laws. The intent and purpose of this exercise is to minimise use of energy by making designs of buildings energy-efficient. This follows the Central Government&acirc;€™s decision to enforce the provisions of the code and recommended it to the state governments to follow suit, with suitable amendments warranted by local circumstances and requirements.]]></description>
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            <title><![CDATA[New development rules for urban areas in TN]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5932</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Jun 2010 18:12:13 +0530</pubDate>
			<description><![CDATA[Business Standard- The Tamil Nadu government has approved uniform guidelines or Development Control Regulations relating to special buildings, multi-storeyed buildings, group developments, layouts and sub-divisions.These regulations apply to planning areas including Trichy, Madurai, Tirunelveli, Thoothukudi, Salem, Erode, Coimbatore, Tiruppur, Vellore and sub-urban areas in Kancheepuram and Tiruvallur districts, according to a state government release on Wednesday.]]></description>
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            <title><![CDATA[Home building dives to 5-month low in United States]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5931</link>
			<source>Business Standard</source>
			<pubDate>Thu, 17 Jun 2010 18:10:53 +0530</pubDate>
			<description><![CDATA[Business Standard- Housing starts fell to a five-month low in May but industrial output rose, evidence of an uneven recovery that has kept inflation at a minimum.As the government&acirc;€™s tax incentives for homebuyers expired, new home building dropped 10 per cent to a seasonally adjusted annual rate of 593,000 units, the lowest level since December, the Commerce Department said on Wednesday.]]></description>
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            <title><![CDATA[Need for satellite towns around tier I, II cities: Parekh]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5930</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 Jun 2010 18:09:17 +0530</pubDate>
			<description><![CDATA[The Economic Times- The country needs to improve infrastructure to manage urban growth by creating at least two dozen satellite cities around tier I and II cities, HDFC Chairman Deepak Parekh said. &quot;Satellite cities have to be built as connected cities, which means having sophisticated transport networks like trans-harbour links, bridges and underground networks,&quot; Parekh said in the company&#039;s annual report. He said significant changes in the country&#039;s urban landscape can only become a reality if there is a strong will to simplify, streamline and de-politicise the process of land acquisition.]]></description>
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            <title><![CDATA[Poor Waste Disposal System, unauthorised constructions &amp; siltation behind flooding: NSSO Report]]></title>
			
			<link>http://credaincr.org/news_details.php?nid=5929</link>
			<source>The Economic Times</source>
			<pubDate>Thu, 17 Jun 2010 18:07:55 +0530</pubDate>
			<description><![CDATA[The Economic Times- The monsoon may affect the urban poor more as 48% slums are facing acute waterlogging problems, affecting about 4 million households. In 2002, waterlogging had affected 36% slums, as per a report by the National Sample Survey Office (NSSO). India has about 49,000 slum clusters and Orissa tops the list, the report states. Experts say poor waste disposal system and unauthorised constructions are the main reasons for the problem. &acirc;€œMany of the cities are stocking natural drains for land development projects, thus leading to the overflow of water and sewage onto the low-lyin