real estate sector

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    Homebuyers: One-Year Imprisonment Penalty Reduced

    New Delhi, March 27 In a relief for homebuyers, the Centre has proposed to remove the existing provision of a maximum one-year imprisonment for an allottee who fails to comply with orders from the Real Estate Appellate Tribunal.The amendment seeks to replace Section 68 of the Real Estate...
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    Building Rules Relaxed: Telangana Boosts Development in Hyderabad

    Hyderabad, March 22 – The Telangana government has amended building rules, relaxing TDR norms for builders in Hyderabad up to the Outer Ring Road limits.The government has issued a Government Order (GO) to enhance flexibility in the rules related to the utilization of Transferable Development...
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    Boosting Real Estate Transparency: Naredco & Magicbricks Joint Initiative

    New Delhi, March 16 The real estate body, Naredco, has partnered with the real estate portal, Magicbricks, for data analytics, research, and market intelligence.According to a joint statement, Magicbricks has signed a partnership agreement with the National Real Estate Development Council...
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    Indian Markets React to Global Uncertainty and AI Disruptions

    Mumbai, February 24 The benchmark equity indices, Sensex and Nifty, fell by more than 1% on Tuesday, dragged down by heavy losses in IT stocks amid concerns over disruption caused by artificial intelligence and renewed uncertainties related to trade.Rising global crude prices, coupled with...
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    Low-Cost Housing Focus for India's Real Estate Sector

    Nagpur, February 21 Union Minister Nitin Gadkari advocated for construction designs that take into account the purchasing power of people, asserting that the greatest need at present is for low-cost and affordable housing.He was addressing a gathering at the 'Design Showcase and Confluence...
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    Equity Markets Rise: Realty, Pharma, FMCG Drive Gains

    Key domestic equity indices, the Sensex and the Nifty, experienced a strong rally today. The Sensex rose by 650 points or 0.79 percent, closing at 83,277. The Nifty also increased by 211 points or 0.83 percent, settling at 25,682. This recovery was driven by value buying in the real estate...
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    Indian Markets Rise: Realty, Pharma, FMCG Drive Gains

    Key Indian equity indices, the Sensex and the Nifty, experienced a significant rally today. The Sensex rose by 650 points, or 0.79%, closing at 83,277. The Nifty also gained 211 points, or 0.83%, ending at 25,682. This recovery was fueled by buying activity in the real estate, pharmaceutical...
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    RERA Reforms Drive Housing Development in Jammu & Kashmir

    Jammu, February 13 The chairperson of the Real Estate Regulatory Authority in Jammu and Kashmir, Satish Chandra, said on Friday that the National Buildings Construction Corporation is likely to undertake RERA-approved housing and real estate projects in the Union territory.Speaking at a panel...
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