Policy News Delhi government relaxes norm on purchase, sale of leasehold properties In a major relief, the Delhi government has lifted restriction on sale of leasehold properties which will benefit lakhs of property owners and may trigger hike in real estate prices. Industry News Bhiwadi: A rising star in NCR real estate Bhiwadi is located is the Alwar district of Rajasthan, and is an emerging industrial destination in the NCR region. Located at just 40 km from Gurgaon, Bhiwadi is witnessing a shift from its erstwhile image as a mere industrial area to destination with full-fledged real estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi is now an acknowledged as an investment zone. Ahmedabad: Peripheral areas emerging IT, realty hotspots IT is the latest buzz in peripheral areas of Ahmedabad that is driving the residential property demand and supply. Company News Real estate portal Housing launches product to create & customise rental agreement online Real estate portal Housing has launched a rent agreement product that helps people create and customise a property agreement online DLF chalks out REIT plans India’s largest developer by market value, DLF Ltd, plans to create one or more real estate investment trust (REIT) platforms either independently or in partnership with financial partners, to harness the growth in the market and to unlock and partly monetize its investment in rental yielding assets, the company said in an analyst presentation late on Thursday night. Sobha posts 5.12% growth in Q2 profits Sobha Limited on unaudited consolidated basis has posted 5.12 per cent growth in its profits to Rs. 59.5 crore for second quarter of 2014-15 compared with Rs. 56.6 crore recorded in the same period last year. Lodha Developers hires two banks for its first dollar bond issue Mumbai-based real estate company Lodha Developers has hired two banks for its first dollar bond issue, which is likely to raise money from investors abroad before the end of this year, three people familiar with the development said on condition of anonymity. Provident Housing to foray into NCR, Mumbai markets Provident Housing, the affordable housing subsidiary of Bengaluru-based Puravankara Projects, plans to foray into bigger property markets including Mumbai, National Capital Region, Pune and Hyderabad in the next one year, a top company executive said. KPDK Buildtech launches ‘Newtown Square’ in NCR In an exclusive event in Delhi, KPDK Buildtech, a venture of the renowned MKG Group has launched its maiden commercial project ‘Newtown Square’. The project will be developed at Sector 95 A, Gurgaon which is bang on main Pataudi road.
Posted on: Tue, 18 Nov 2014 04:52:55 +0000
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