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  • PE investors 'cautiously optimistic' about India

    The Hindu Business Line, New Delhi

    May 29, 2012

    With no let-up in inflation, rupee depreciation and rising deficits, private equity (PE) investors are “cautiously optimistic” about investing more in India. But, as the economic cyclical downturn corrects and policymakers refine policies, India's growth story is likely to stay with rebounding investor confidence, concludes a paper on private equity jointly prepared by Deloitte and Assocham.

  • How southern cities escaped the real estate bubble

    Sobia Khan & Ravi Teja Sharma, The Economic Times

    May 27, 2012

    Everybody cribs about how costly buying real estate in Indian cities is. It's a national pastime of sorts. But nowhere is the collective griping greater than in cities like Mumbai and Delhi, where prices have moved northwards faster than the rest of the county.

  • Goldman Sachs seals India's biggest office space deal

    Ravi Teja Sharma, New Delhi, The Economic Times

    May 24, 2012

    US banking group Goldman Sachs has agreed to take on lease 1.6 million sq ft of office space - an area the size of nine football fields - in Bangalore, in what is the biggest recorded commercial property deal to date in India.

  • South cities score in office occupancy cost

    Ravi Teja Sharma, New Delhi, The Economic Times

    May 22, 2012

    Hyderabad, Chennai and Pune are among the top five cities in the world with the lowest office occupancy cost, according to a recent report by global property consultancy firm DTZ. The three Indian cities are ranked third, fourth and fifth respectively in DTZ's fifteenth annual survey titled "Global Occupancy Costs: Offices", which covered 124 business districts in 49 countries.

  • Faster approvals will bring down housing costs

    The Tribune

    May 19, 2012

    The government has formed a committee to evolve a workable strategy for reducing the time taken in approval of real estate projects which could ultimately reduce the cost of houses by 25 to 40 per cent, Minister of Housing and Urban Poverty Alleviation Kumari Selja said recently.

  • 13 realty companies like DLF, Parsvnath and Eros bid for SEBI's Delhi office

    Ravi Teja Sharma, New Delhi, The Economic Times

    May 15, 2012

    Realty players DLF, Parsvnath and Eros are among the 13 companies, which have put in a bid for the Securities and Exchange Board of India's new northern regional office in Delhi as the regulator seeks to expand its operations in Delhi.

  • Shapoorji Pallonji, New Vernon to sell stakes in 3 IT parks

    Sobia Khan, Bangalore, The Economic Times

    May 12, 2012

    Shapoorji Pallonji Real Estate and PE fund New Vernon are selling their investments in three Information Technology (IT) parks in Chennai, Pune and Gurgaon for a cumulative value of 1,500-2,000 crore, a person directly involved in the transaction told ET.

  • Residential sales remain moderate in Mumbai

    Nauzer K Bharucha, Mumbai, The Times of India

    May 08, 2012

    Office market in the city witnessed subdued transaction activity in March even as rents and capital values remained stable during the month, said a report released by Jones Lang LaSalle on Tuesday.

  • Government scraps proposal to levy 1 percent TDS on real estate transactions

    The Financial Express, New Delhi

    May 08, 2012

    The government has scrapped a proposal to levy a 1% tax deduction at source (TDS) on real estate transactions that was introduced in March as part of the Budget in a bid to deter the widespread flow of black money into the real estate sector.

  • Real estate regulatory bill likely in next parliament session

    The Hindu Business Line, Chennai

    May 04, 2012

    The Real Estate Regulatory Bill is likely to be presented in the next session of Parliament. The Bill is expected to be tabled before the Union Cabinet shortly, said Ms Aruna Sundararajan, Joint Secretary, Union Ministry of Housing and Urban Poverty Alleviation.