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  • Realty sector sees $3.2-bn PE exits in 4 years

    Business Standard, Chennai

    June 29, 2012

    The real estate sector in India has seen $3.2 billion of private equity (PE) investor exits in the last four years, according to a white paper issued by Jones Lang LaSalle India. In rupee terms, this amounts to about Rs 14,720 crore, considering the rate of Rs 46/dollar suggested in the study.

  • Launches take a backseat as realty firms tackle inventory

    The Economic Times, Ravi Teja Sharma, New Delhi

    June 26, 2012

    Real estate developers have cut back sharply on new project launches, preferring instead to first try and sell pricier unsold inventory and, in the process, also prevent prices from collapsing in a sagging market.

  • Cartel of 11 cement companies fined Rs. 6,307 Crore

    The Economic Times, New Delhi

    June 22, 2012

    The competition regulator has imposed an unprecedented penalty of Rs 6,307 crore on 11 cement makers, including the Indian arms of global leaders Holcim and Lafarge, holding them guilty of manipulating supplies and prices to post huge profits at the cost of consumers and the economy.

  • Centre may drop ‘Direction to States' from draft real estate bill

    Deccan Herald, Shishir Sinha, New Delhi

    June 18, 2012

    The Real Estate (Regulation and Development) Bill drafted by the Union Ministry of Housing and Urban Poverty Alleviation is facing strong resistance from Uttar Pradesh and Chhattisgarh, which say that several provisions of the bill will allow the Centre to infringe on the states’ rights. They say that the Centre cannot make a law for the sector as land is a state subject.

  • Bangalore office market sees healthy leasing transactions

    The Times of India, Shilpa Phadnis, Bangalore

    June 14, 2012

    The Bangalore office market has witnessed healthy leasing activity from corporate clients in May. Some of the key transactions included Axis Aerospace & Technologies leasing space in Vaswani Centropolis on Longford Road, KPMG leasing space in Salarpuria Hallmark 1 and Ericsson leasing in Umiya Business Bay, said real estate consultancy Jones Lang LaSalle in its Monthly Real Estate Monitor report.

  • India sees third highest surge in housing prices in January-March

    The Indian Express

    June 09, 2012

    India sees third highest surge in housing prices in January-March India witnessed the third highest rise of 12 per cent globally in housing prices in January-March quarter of 2012 over the year-ago period, according to consultant Knight Frank. Housing prices in India, however, declined by 0.9 per cent when compared with the previous quarter.

  • Mumbai office space absorption up 23 percent

    The Indian Express

    June 02, 2012

    Office absorption in January-March 2012 has grown by 23 per cent as compared to the same quarter in 2011, a report by property consultants Knight Frank said. The total transaction of office space, both sale and lease, in Mumbai in the first quarter of this year has been 1.04 million sq ft as compared to 0.88 million sq.ft in the same period the year before.

  • Investor apathy trips real estate PE funds from Indiareit, others

    The Financial Express, Shubhra Tandon, Mumbai

    June 01, 2012

    Indiareit Fund Advisors, the private equity arm of the Ajay Piramal-promoted Piramal Healthcare, has put its recently announced $500-million offshore fund on hold. Indiareit MD & CEO Ramesh Jogani said the fund "did not see good response from investors".