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  • DLF'S Mumbai dreams grounded

    The Economic Times, Ravi Teja Sharma, New Delhi

    July 30, 2012

    DLF, the country's largest developer, will sell its 17.5-acre land in Mumbai's Lower Parel to Lodha Group and a private equity player for about Rs 2,800 crore, ending its long-drawn bid to break ground in India's financial capital.

  • CREDAI demands single window clearance system to speed up approval processes

    The Economic Times, Ruchira Roy, Mumbai

    July 20, 2012

    Real estate industry body, CREDAI, has demanded for a single window clearance system, to speed up the approval processes. "McKinsey has said in its report to the Government of India that delays in approval processes alone increase sale value of houses by 40%," said CREDAI in its press release.

  • Delhi-Mumbai corridor to develop an important industrial cluster in country

    The Times of India, Rajshri Mehta, Mumbai

    July 19, 2012

    Urbanisation along the emerging Delhi-Mumbai Industrial Corridor is expected to merge Ahmedabad, Vadodara and Surat into an important industrial cluster of India, according to consultancy firm Jones Lang LaSalle.

  • Affordable housing helps realtors escape slump

    The Economic Times, Ravi Teja Sharma, New Delhi

    July 17, 2012

    India's middle-income housing segment accounts for much of the growth in the slowing real estate sector, a top executive of the country's biggest mortgage lender said. "Consumer sentiment is still robust. For us, there has been good growth from the mid-income housing segment," said Keki M Mistry, vice-chairman and chief executive officer of HDFC.

  • Revenue sharing partnership between landowners and builders on the rise

    The Economic Times, Ravi Teja Sharma, New Delhi

    July 12, 2012

    Businessman Vijay Gupta has accumulated so much land in Gurgaon over the years that he is left with 1,500 acre even after selling huge tracts to builders as the Delhi's suburb has grown into a global business hub. Finding it difficult to sell off the land, Gupta has joined hands with builders and given them the rights to build the property on his land on a revenue share basis.

  • Xander to invest $600m in India

    Business Standard, New Delhi

    July 08, 2012

    Global investment firm Xander Group will pump in $600 million (about Rs 3,300 crore) to develop and operate about 12 luxury shopping malls across India by 2017. Virtuous Retail, the group's retail venture, is at present constructing eight such centres at various places and will develop another 2-4 malls in the coming years.

  • Private equity players raise fresh funds focussing on real estate

    The Financial Express, Ashley Coutinho, Mumbai

    July 03, 2012

    Private equity players have begun a fresh round of fund mobilisation for their real estate funds as they look for eye-popping returns in a market where demand for capital for realty projects remains high. Most of these funds had earlier entered the market in 2008 but unlike earlier the focus this time round will almost exclusively be on residential projects.