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A World Bank's latest report says the housing boom in India in the last five to six years was restricted to the upper- income group leaving a housing shortage of about 70 million dwelling units mainly in the middle and low-income groups.

 
 
This is the second QIP from the company in the past one year. In October 2009, it had raised Rs 168 crore, after selling 1.38 crore shares, mainly to retire debt.
A company statement said production also rose 2.91 per cent, to 28.19 lakh tonnes, during the month, compared to the same period last year.
DLF will invest about Rs 500 crore to develop about 170 villas and 100 flats in Shimla, Kasauli and Goa under a new brand 'Sama'.
More than 450 officers of the I-T department have conducted searches across Delhi, Ghaziabad, Gurgaon, Goa, Meerut, Haridwar, Mussoorie, Lucknow and Kanpur.
The commercial real estate market is in the doldrums, thanks to a huge supply overhang.
 
 
The real estate developer had opened its qualified institutional placement last week to raise $60 million, but got subscriptions worth $67 million.
The country's largest realty firm is in talks with fellow builders to provide basic education, healthcare and vocational training for the underprivileged.
The company has hired Morgan Stanley, Kotak Mahindra Capital, Axis Bank and ICICI Securities as its book running lead managers to manage the issue.
It may not have the glamour of mobile phones or airlines but no-frills housing is beginning to get off the blocks and promises to be a big, big business.
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