User: divya_rrs Topic: Bombay
Category: Real Estate
Last updated: Dec 17 2017 24:51 IST RSS 2.0
 
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Real estate: Peering into 2018 10.12.2017 Deccan Herald - Supplements
As a landmark year for the real estate industry draws to a close, its time to review the major events of 2017 for Indian real estate and look at some upcoming trends in 2018. For the real estate industry, 2017 was a watershed year, with the rollout of game-changing policies such as GST and RERA. Demonetisations impact started to taper off slightly, while real estate investment trusts (REITs) did not take off this year as expected. Affordable housing came out of the shadows and affordably-priced units have been selling like hot cakes in most cities. REITs are set to provide investment opportunities to smaller investors next year. Indias real estate markets are poised for growth in the medium-to-long term on the back of higher transparency and further consolidation. Indias Tier-I cities are expected to move up from their current 36th rank in JLLs 2018 Global Real Estate Transparency Index (GRETI) on the back of continued improvements in structural reforms, implementation of RERA and GST aimed at making ...
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Nisus Finance invests Rs 50 Crores in affordable housing projects of Earthcon Universal 9.12.2017 Central Chronicle » Business
Agencies, Mumbai Nisus Finance Services Co Pvt. Ltd. (NiFCO,) an alternatives manager with a Real... more »
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Lenders get bids for Reliance Communications assets 9.12.2017 All Companies Stories
Reliance Communications's assets put on the block are in telecom and real estate
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Emile Heskey, Atif Malik announce 'Legends Match' in India 8.12.2017 Sify Finance
[India], December 8 (ANI): Former England footballer Emile Heskey and UK's real estate tycoon Atif Malik on Friday announced 'Legends Match 2018', an initiative to promote and develop football in
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Realty firms say Bombay High Court's Rera order gives level-playing fi... 8.12.2017 DNA: Bangalore
Realty firms say Bombay High Court's Rera order gives level-playing fi...
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CBI chargesheets IRB Infra chairman, others 8.12.2017 DNA: Money
IRB Infrastructure Developers' Chairman and Managing Director Virendra Mhaiskar and others along with its subsidiary Aryan Infrastructure Investments Pvt Ltd (AIIPL) have been chargesheeted by the CBI in an alleged land scam, forcing the company's share price to tank on Thursday. An anomaly in the land deal along the Mumbai-Pune Expressway was exposed in 2009 by the slain Right to Information activist Satish Shetty. In January 2010, the Pune-based activist was stabbed to death in Talegaon off Mumbai-Pune Expressway, months after the scam was unearthed. CBI is yet to file a chargesheet on the activist's murder. As per the CBI chargesheet filed with Pune Sessions Court, there is involvement of AIIPL, Virendra Mhaiskar (then Director of AIIPL) for having issued Power of Attorney, in favour of then Project Head Deepak D Gadgil (Retired – Head Realty, Airport and Hospitality of the Company, then Project Head) and the company along with certain other persons. "…the CBI has filed a charge sheet today with the ...
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Prime business hubs see office rental growth 8.12.2017 Latest News
The index that tracked 20 key international markets in Asia, recorded 0.6 per cent increase in the September-ending quarter over Q2 2017
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Sterling Holiday Resorts aims to double capacity in 5 years without capex 7.12.2017 All Companies Stories
Vacation ownership company Sterling Holiday Resorts will take an asset-light route to double its room capacity to 4,500, through management contracts.The Thomas Cook-owned entity, seeing a multi-year high occupancy of 72 per cent this year, is also expecting to be Ebitda (earnings before interest, taxes, depreciation and amortisation)-positive in 2017-18.Sterling has 33 resorts in the country, with a room strength of 2,200. "We will expand this to 4,500 rooms in the next four-five years. The majority of the addition will come from management contracts. We might build our own resorts but not in large numbers. We are in talks with 10 owners to bring their asset to Sterling under a management contract. There will be no capex (capital expenditure) and the expansion will be faster," said Ramesh Ramanathan, managing director. More than half the 33 operational resorts are company owned; the rest are leased. No property is under a management contract. "Management contracts in these leisure ...
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Blacksoil Capital lends Rs 15 cr to online fashion retailer eShakti 7.12.2017 Business Standard: News Now
eShakti customises mainstream fashion clothing for American women offering dresses, tops, skirts and pants
Amazon Web Services chosen to deliver Cloud services for govt customers 7.12.2017 Business Standard: News Now
Govt organisations and state-run banks can now increase agility and speed innovation with AWS's "pay-as-you-go" Cloud services
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RERA is constitutional, valid and legal, says Bombay High Court 7.12.2017 DNA: Top News
There's good news for home buyers as the Bombay High Court on Wednesday upheld the constitutional validity of the Real Estate (Regulation and Development) act, 2016 (RERA)and the authority formed under it. A division bench of Justice Naresh Patil and Justice Rajesh Ketkar, in their 330+ page judgement, upheld various provisions of the act and the Constitution of the Maharashtra RERA authority. It said, "RERA is not a law relating to only regulating concerns of the promoters but it's object is to develop the real estate sector, particularly the incomplete projects, across the country. The problems are enormous and it's time to take a step forward to fulfill the dream of the Father of the Nation — To wipe out tears from every eye." The court passed the order while deciding on a bunch of petitions filed by developers and plot owners challenging the validity of several sections of the RERA act. It said, "Having a careful scrutiny of the relevant provisions, we have harmoniously construed the provisions, and ...
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Bombay HC upholds validity of RERA 7.12.2017 Latest News
The Act also mandates that all developers or promoters register themselves under a state-level regulatory authority
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HC invokes the Mahatma, upholds RERA 7.12.2017 Hindu: Home
Real estate Act crucial to protecting home buyers, develop incomplete projects but must be monitored, says court
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Good news for home buyers! Real estate act RERA is not illegal, says B... 6.12.2017 DNA: Bangalore
Good news for home buyers! Real estate act RERA is not illegal, says B...
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Home seekers searching more aggressively, reveals Magicbricks Report 6.12.2017 Sify Finance
[India], Dec 6 (ANI-NewsVoir): With the implications of the policy interventions in India's real estate industry settling in, there are tell-tale signs of recovery all over and Magicbricks'
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Bombay HC upholds RERA 6.12.2017 Rediff: Business
The bench, headed by Justice Patil, however, allowed a significant leeway for the developers in the judgment by permitting the state-level RERA Authority and the Appellate Tribunal to consider delays on a case-to-case basis, and not to cancel such projects or developers' registration in cases where the delay was caused due to "exceptional and compelling circumstances."
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A 2017 Review of Indian Real Estate and Peering into 2018 6.12.2017 Sify Finance
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Fitch withdraws RCom’s ratings 6.12.2017 BusinessLine - Info-tech
Fitch Ratings has withdrawn ratings of debt-ridden Reliance Communications (RCom) citing commercial reasons, while the firm will no longer provide ratings or analytical coverage for the telecom firm.
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Fitness amenities in Vogue with Mumbai homebuyers 5.12.2017 Sify Finance
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Edelweiss raises Rs 500 crore for its domestic real estate fund 5.12.2017 Latest News
Fund aims to capitalise on limited liquidity in the real estate market
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