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Real Estate to reduce headcount said that it will reduce its employee base and reorganise its teams to more efficiently execute this newfocussed strategy, but did not disclose the number of employees it intends to sack.

Sales are expected to rise at a slower pace of 15-20 per cent due to high prices in big cities and subdued sentiments in the property market.
DLF promoters' investment would help the realty major to reduce its debt, which stood at Rs 21,600 crore at the end of the Q1 of this fiscal.
The minimum risk weight applicable on individual housing loans is 50 per cent, at present.
The online 'Diwali Home Buying Fest' would be organised from November 3-9.
Promoters will re-invest a part of the amount from the sale and would utilise it to trim its debt of more than Rs 21,000 crore as on June 30.
Fitch Ratings affirmed Indiabulls Real Estate's (IBREL) long-term foreign-currency issuer default rating (IDR) of 'B+'.
"The new rates would be applicable from Wednesday (October 7) to all new home loans," the housing finance company said in a statement.
Government is in talks with the World Bank for funding of smart cities and AMRUT initiative for urban revitalisation.
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