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Cities with higher circle rates to gain from Sitharaman's new relaxation

While developers hail FM's announcement, they want the govt to exempt the entire interest paid on housing loan from income tax

FM's move on circle rate-deal value gap may not help much in Mumbai, Delhi

Most homes in the two cities are worth more than Rs 2 cr and fall outside the ambit of the relaxation; smaller cities such as Bengaluru, Pune to benefit more

Mumbai, Pune see residential property sales pick-up following lockdown

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai

Godrej Properties Q2 net drops 80% to Rs 7.1 crore on Covid-19 impact

The company's total income fell 37 per cent at Rs 250.23 crore in Q2FY21 from Rs 395.11 crore a year ago

Godrej Properties turns to 'outright land buys' as prices decline

Sensing the distress opportunities, Godrej Properties has been creating a war-chest to acquire land parcels.

DLF rental arm's REIT issue size may be far bigger than previous issues

DLF arm's REIT could come out in 12-15 months, DLF director Ashok Tyagi said in a conference call last week

Freebies, stamp duty cut help home sales in Mumbai surge past other markets

Pent-up demand, increase in affordable and mid-segment housing over the past few years support upsurge

RBI fields FaQs on loan recast, clears air over OTR, loan against property

Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19

Property developers give up profit margins for sales volume: Analysts

Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market

Godrej Properties buys land in Bengaluru for 1.6 mn sq ft housing project

Acquires 15 acres for undisclosed sum in Sarjapur, a preferred locations with good connectivity to Outer Ring Road and several other key hubs of the city

GIC, Phoenix group start talks over Rs 800-crore office project deal

RMZ-Brookfield's and Prestige-Blackstone's (which is in the works), are multiple property deals that are taking place, sources said

RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs

Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move

Blackstone refinances Rs 2,500-cr lease rental discounting loans with SBI

It will be one of the largest such LRD refinancing by a bank in commercial properties in recent years, said sources

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

Fuelled by demand in southern markets, office leasing rises 64% in Q3CY20

On a yearly basis, the absorption of space has fallen 50 per cent from 10 million sq ft in Q3CY19 to 5.4 million sq ft in Q3CY20

Singapore's Mapletree Investments buys land in Mumbai for Rs 525 crore

The Kanakia group, from which Mapletree did the purchase, had bought the plot from India Tube Mills and Metal (ITM) Industries for Rs 363 crore in 2018

Brookfield REIT has 15 mn sq ft of call option, ROFO properties: DRHP

The REIT has a initial portfolio of 14 mn sq ft in Gurugram, Mumbai, Noida, Kolkata, mostly bought from Unitech Corporate Parks

TVS Supply Chain set to launch Rs 1,100-crore warehousing venture

The UK government's investment arm CDC is pumping in $50 million (Rs 369 crore), said sources

Godrej Fund in talks with global investors to raise new corpus of $500 mn

The fund would invest $50 million to $150 million each and focus on Mumbai, National Capital Region, Pune and Bangalore markets