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November 9, 2011

Competition Appellate Tribunal stays Rs 630 cr penalty on DLF

The Competition Appellate Tribunal (Compat) today stayed the Rs.630 crore penalty imposed by fair trade watchdog Competition Commission of India (CCI) on realty major DLF over alleged abuse of dominant market position.

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November 9, 2011

Indian commercial property market loses momentum in Q3: RICS

Indian commercial property market has lost momentum in Q3 with the capital values turning negative for the first time since 2009.

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November 9, 2011

Draft real estate regulation Bill to be made public this week

The Government will make public the draft Real Estate Regulation and Development Bill, 2011 for comments from stakeholders this week and may subsequently introduce it in the forthcoming winter session of Parliament.

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November 9, 2011

COMPAT to hear DLF appeal against CCI order tomorrow

The Competition Appellate Tribunal (COMPAT) will today, November 9, hear…

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November 9, 2011

Polls prop up realty market in Kolkata, Chennai

Even as global economic slowdown and uncertainty in financial markets have battered the real estate industry countrywide, properties in Kolkata and Chennai bucked the trend with steady demand in affordable and mid-segment housing.

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November 8, 2011

NAREDCO approaches CCI against cement cartelisation

After CREDAI now real estate developers body NAREDCO has approached the CCI seeking intervention against the alleged cement cartelisation hitting real estate developers.

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November 8, 2011

Parsvnath net profit falls, ventures into budget hotels

Parsvnath Developers presented gloomy second quarter results on Monday, November 7. Its net profit dipped 41.5 per cent in the quarter ended September to Rs.29.08 crore from Rs.49.97 crore in the corresponding period last year.

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November 8, 2011

RE/MAX launches global real estate listing site

RE/MAX, LLC has launched a new website, global.remax.com, which claims to be the first global resource for consumers, with hundreds of thousands of home listings in countries around the world.

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November 7, 2011

Jones Lang LaSalle India bags M&A Deal Of The Year award

Jones Lang LaSalle India, the country’s largest and leading international property consultancy, has been honoured with the prestigious India M&A Deal Of The Year award in the Middle Markets category.

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November 6, 2011

DLF Brands to bring US retailer Claire’s to India

DLF Brands, a subsidiary of realty major DLF, has struck an agreement with Claire’s Stores Inc, one of the world’s leading fashion jewelry and accessories retailers, to bring the brand to India.

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