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  • Godrej aims big in realty

    The Telegraph, Kolkata

    April 30, 2012

    Godrej Properties, the real estate arm of the Godrej group, is betting big on the rising demand for residential projects. "We have currently 75 million square feet under development across 12 cities. Last year, we added 10 new deals, mostly in the residential segment and it has done better for us.

  • Land bill may take a new shape as slew of acts limits scope

    Nistula Hebbar, New Delhi, The Financial Express

    April 28, 2012

    The Land Acquisition Bill 2011, which seeks to facilitate industrialisation without hurting farmers’ interests, keeps many important sectors out of its purview and should be made far more inclusive to serve the stated purpose of making available land for development projects, feels majority of the members of the parliamentary standing committee concerned.

  • Citigroup's Rs 985 crore office space buyout biggest commercial property deal

    Kailash Babar, Mumbai, The Economic Times

    April 25, 2012

    In a dismal real estate market, US banking giant Citigroup on Tuesday closed the biggest commercial property deal. Citi bought six floors of office space in Mumbai's Bandra Kurla Complex for Rs 985 crore to house its India headquarters, from a consortium led by the Purnendu Chatterjee Group.

  • PE interest in Chennai realty market increases

    The Financial Express, Mumbai

    April 21, 2012

    Driven by end user demand and long-term view taken by the investor community towards the residential real estate market in Chennai, private equity (PE) players show interest in the southern Indian city. In the last three to four months alone, close to R200 crore to R250 crore have been invested in the Chennai realty market.

  • Rate cut to boost realty sector

    The Hindu Business Line, New Delhi

    April 17, 2012

    Buying a house has just got cheaper. With the RBI slashing the short-term lending rate from 8.5 per cent to 8 per cent, consumers can look forward to a reduction in interest rates on housing loans.

  • HUL leases former headquarters to HDFC

    Live Mint

    April 16, 2012

    After a near three-year wait, Hindustan Unilever Ltd (HUL) has leased out its former headquarters in south Mumbai's Churchgate area to Housing Development Finance Corp. Ltd (HDFC) for an undisclosed sum. Lease rental rates in the area for properties such as HUL's are at Rs. 200-220 a sq. ft, property consultants said.

  • PE realty players look for controlling stake

    Sachin Dave, Mumbai, Hindustan Times

    April 12, 2012

    Private equity players have turned wary of the Indian realty sector's below-expectation returns, and are now choosing to play safe by picking large stakes in SEZs while staying away from residential property

  • Office space absorption sluggish in first three months of 2012: CBRE

    Ravi Teja Sharma, New Delhi, The Economic Times

    April 05, 2012

    The first three months of 2012 have seen sluggish leasing of office space across key markets with only 4.1 million sq ft being absorbed, says property advisory firm CBRE South Asia.

  • Piramal acquires Hindustan Unilever's South Mumbai property Gulita for Rs 452.5 crore

    Meghna Maiti, Mumbai, The Economic Times

    April 05, 2012

    Hindustan Unilever has sold Gulita, its sea-facing property in south Mumbai, to Piramal Realty for Rs 452.5 crore.

  • Realty bites as sales fail to pick up on rising interest

    Shubhra Tandon, Mumbai, The Financial Express

    April 02, 2012

    Home buyers continued to fight shy of making new purchases in the 11 months of fiscal year 2011 as high interest rates weighed and a hope of fall in prices dominated decision-making.