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economy
NBCC to submit DPR of stuck Amrapali projects next week

NEW DELHI: State-owned NBCC Thursday said it will submit a detailed project report (DPR) of Amrapali Group’s 16 stalled projects to the Supreme Court next week and is mulling developing similar projects of other real estate firms. In September, the Supreme Court had appointed NBCC to develop stalled projects of the Amrapali Group following the…

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economy
Noida Authority gives ‘in-principal’ nod to free-holding properties

File photo The Noida Authority on Thursday gave its in-principal approval to conversion of land holding rights from “lease hold” to “freehold” subject to nod from the Uttar Pradesh government, according to officials. The decision which could have a significant impact on real estate and property in the city adjoining the national capital was taken…

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economy
DLF inks pact with Hines for 12-acre Gurgaon plot joint development

MUMBAI: Realty major DLF has entered a pact with global real estate investment, development and management firm Hines to jointly develop a high-end commercial project on a nearly 12-acre land parcel in Gurgaon’s Udyog Vihar.The company has entered into a non-binding term sheet with a fund managed by Hines through its wholly-owned subsidiary DLF Home…

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economy
Institutional investment in real estate highest in Q3 in 11 years

MUMBAI: Fund inflows from institutional investors reached its peak of Rs 11,212 crore — highest third quarter performance in the past 11 years — indicating the continued momentum in private equity investments in the Indian real estate sector.The investment volume increased 9 per cent from a year ago in the first three quarters of 2018…

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