Weekly News Roundup (28 Apr 2016) – Real Estate News Under 100 Words

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REITs will assist in streamlining the real estate sector
In India, the real estate sector contributes significantly to its GDP, however, it continues to be largely unorganised. Despite being a natural hedge against inflation, real estate assets are kept out of the financial market and the common investor is denied the opportunity to share in the returns from this asset class. Read more

Maruti Suzuki weighs options to set up facility in Africa and invest in real estate in India
Maruti Suzuki is sitting on cash reserves of about Rs 17,000 crore as of end-March. The company has more than 1,800 outlets and workshops in 1,450 cities and towns, a network estimated to be worth over Rs 11,000 crore. Read more

Real estate developers must reduce prices, says Raghuram Rajan
Reserve Bank of India governor Raghuram Rajan on Monday said that real estate developers must reduce prices in order to sell properties and attract more buyers.The governor’s remarks came at a time when home-buyers have already started lodging complaints against builders for cheating and delaying the handing over of possession. Read more

Why the Real Estate sector in India is ailing today?
Because people start residing in that apartment, hence the cost of the house becomes more because of the obvious reasons. When these 40% houses are given to the customers they start selling balance 30% of houses at a very high cost. Read more

Cap cost of affordable houses, bring incomplete projects under Real Estate Regulator
The committee has also recorded its concern over the issue of states failing to issue identity cards to street vendors. The urban poverty alleviation ministry informed the panel that out of the 475 cities that have started the survey to identify street vendors, 277 have completed this process. Read more

India’s largest destination mall ‘DLF Mall of India’ launched in Noida
The essence of the mall is that of a destination, which encapsulates not just shopping but a never-before food and entertainment experience, which is thoughtfully and craftily divided in five zones spread over seven floors. Read more

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