Weekly News Roundup (4 July 2016) – Real Estate News Under 100 Words

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India has improved in transparency ranking in real estate: JLL
The index measures transparency by looking at factors including data availability, governance, transaction processes and the regulatory and legal environment. Read more

Capital flow into Indian real estate halves in H1 2016
The sector attracted a total of $1.65 billion in the first half of 2016 compared with $3.27 billion a year earlier, according to VCCEdge, the data research platform of VCCircle. Read more

7th pay panel to boost real estate sector: India Inc
The Union Cabinet on Wednesday approved the 7th Pay Commission Report’s recommendations for central government employees’ pay, perks and pensions. Read more

Builders may have to pay 11% interest for delayed projects
Any violation such as delay in offering possession, increase in the size of apartments, change in layout and construction of additional towers in a project without taking consent from 70 per cent of the allottees can lead to cancellation of registration. Read more

Mumbai property: How humdrum Chembur turned into Hot Spot
Chembur is probably a more sought after area because it’s so well-connected both with the western suburbs and also with south Mumbai. Read more

Realty prices down by 40% in NCR, say experts
While prices have come down by upto 40 per cent over the last few years, it has hardly helped in lifting the spirit of the realty market. Read more

Housing Sales Up 7% in Jan-June in 8 Cities; Unsold Stock Down
In Delhi-NCR property market, however, housing sales and launches dropped by 8 per cent and 41 per cent, respectively, despite fall in prices by 4 per cent. Read more

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