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	<link>http://propertybytes.indiaproperty.com</link>
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	<lastBuildDate>Thu, 19 Nov 2009 22:59:27 +0000</lastBuildDate>
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		<title>Housing sector needs Rs 360K cr investment</title>
		<description><![CDATA[Over the next five years, the country needs 26.5 million additional housing units, investment requirements of over Rs 360,000 crore and re-housing of 62 million persons who live in urban slums, according to Renu Sud Karnad, Jt managing director, HDFC.
&#8220;In the last year alone, through one of the toughest periods in economic history, the real [...]]]></description>
		<link>http://propertybytes.indiaproperty.com/index.php/newsbytes/housing-sector-needs-rs-360k-cr-investment</link>
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		<title>Realty bubble?</title>
		<description><![CDATA[The Bombay Stock Exchange (BSE) Realty index, which consists of 14 real estate stocks, has risen a whopping 207% since touching a low on March 9,2009.
During the same period, the 30-share BSE Sensex has given a return of 108%, which seems rather low in comparison. The interesting point is the way the price to earnings [...]]]></description>
		<link>http://propertybytes.indiaproperty.com/index.php/newsbytes/realty-bubble</link>
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		<title>RICS Working Committee responds on the Model Real Estate Act</title>
		<description><![CDATA[New Delhi: RICS recently submitted its recommendations on the &#8216;Model Real Estate (Regulation of Development) Act&#8217; to the Ministry of Housing and Urban Poverty Alleviation (HUPA).
The response was based on the collective views and suggestions of the RICS working committee on real estate and housing, which constitutes of the top management of real estate development [...]]]></description>
		<link>http://propertybytes.indiaproperty.com/index.php/newsbytes/rics-working-committee-responds-on-the-model-real-estate-act</link>
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		<title>Lodha Dev to invest Rs 6,000 cr</title>
		<description><![CDATA[New Delhi: Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its IPO early next year, will invest Rs 6,000 crore in the next three years on construction of its existing projects. &#8220;We are currently developing about 30 million sqft comprising 38 projects. The average cost of construction to develop the [...]]]></description>
		<link>http://propertybytes.indiaproperty.com/index.php/newsbytes/lodha-dev-to-invest-rs-6000-cr</link>
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		<title>Kumar Builders plans IPO to raise Rs 450 cr</title>
		<description><![CDATA[Mumbai: Pune-based Kumar Builders plans to raise Rs 450 crore through an initial public offering. It has filed its draft red herring prospectus with SEBI.
With over three decades in real estate development, the company has developed 11 million sq ft. Over 5.5 million sq ft has also been developed by its group companies. Currently, it [...]]]></description>
		<link>http://propertybytes.indiaproperty.com/index.php/newsbytes/kumar-builders-plans-ipo-to-raise-rs-450-cr</link>
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