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CHICAGO (MarketWatch) -- Home buyers may soon win more time to get to the closing table to qualify for a federal home-buyer tax credit of up to $8,000. The House of Representatives passed the Homebuyers Assistance and Improvement Act on Tuesday to extend the deadline for the home-buyer tax credit, which would give buyers who have purchase contracts in place three more months to close on the sale. The measure still awaits approval in the Senate; a vote there could come as early as Wednesday. Under the House bill, buyers must close before Oct. 1 to be eligible for the credit. That means people who had hiccups in getting to the closing table would have a few more months to wrap things up. The closing deadline was originally June 30. To be eligible, buyers needed to have a contract in place by April 30, and that won't change through this legislation. The National Association of Realtors estimated that about 180,000 otherwise eligible buyers were likely to miss out on the credit if the original deadline was upheld. One big hurdle for buyers has been getting the mortgage approval on time, as lenders work through a clogged pipeline of applications. In the Senate, the measure to extend the closing date for these buyers is included in a bill that also would extend unemployment insurance. Majority Leader Harry Reid filed for cloture on the bill on Tuesday, and expects to have a cloture vote on the measure on Thursday, according to Reid's office. If cloture is invoked, that limits debate on the bill, bringing it a step closer to a final vote. But Reid said on the Senate floor Wednesday morning that he was working to get an agreement with Republicans to pass the House-passed tax-credit bill by unanimous consent as early as Wednesday, according to Regan Lachapelle, Reid's deputy communications director.

NEP: New Economics Papers Urban and Real Estate Economics Edited by: Steve Ross University of Connecticut Issue date: 2012-04-17 Papers: 23 Note: Access to full contents may be restricted.  NEP is sponsored by SUNY Oswego. To subscribe/unsubscribe follow this link http://lists.repec.org/mailman/options/nep-ure In this issue we have: Is India's Manufacturing Sector Moving Away From Cities? Ejaz Ghani; Arti Grover Goswami; William R. Kerr A Regional Model of Endogenous Growth with Creative Destruction Steven Bond-Smith Local average neighborhood effects from moving to opportunity Dionissi Aliprantis; Francisca G.-C. Richter Compulsory Schooling Laws and In-School Crime: Are Delinquents Incapacitated? Gregory A. Gilpin; Luke A. Pennig What price a roof? Housing and the cost of living in 16th-century Toledo Drelichman, Mauricio; Gonzalez Agudo, David Well-Being in Germany: GDP and Unemployment Still Matter Johannes Vatter Landfill Diversion in a Decentralized Setting: a Dynamic Assessment of Landfill Taxes Massimiliano Mazzanti; Francesco Nicolli Taxing home ownership: distributional effects of including net imputed rent in taxable income Francesco Figari; Alari Paulus; Holly Sutherland; Panos Tsakloglou; Gerlinde Verbist; Francesca Zantomio Early Childhood "Pay-For-Success" Social Impact Finance: A PKSE Bond Example to Increase School Readiness and Reduce Special Education Costs Robert Dugger; Robert Litan Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices Bolt, W.; Demertzis, D.; Diks, C.G.H.; Van der Leij, M.J. Robust Test for Spatial Error Model:Considering Changes of Spatial Layouts and Distribution Misspecification Guo, Penghui; Liu, Lihu Comparing Treatments across Labor Markets: An Assessment of Nonexperimental Multiple-Treatment Strategies Carlos A. Flores; Oscar A. Mitnik Understanding Places Using a Mixed Method Approach Deutsch, Kathleen E; Goulias, Konstadinos G. Hope VI Fairfield Court Neighborhood: 2011 Evaluat

The Haryana government gave its nod to extend the upcoming Rapid Metro Rail Gurgaon (RMG) network up to seven kilometres towards south to cover more areas of the Millennium City. Work on a 5 km RMG track between Sikanderpur and DLF Phase-2 is about to be completed and the service is expected to start by March 31. The extended route will benefit people commuting between DLF City Phase I, 4 and 5, independent houses and gated communities in sectors 27, 28, 51, 52, 53, 54, 55, 56 and 57.

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GT road, it runs from New Delhi to the Wagah border near Amritsar-Lahore border. NH 1 passes through a number of cities including New Delhi, Sonipat, Panipat Karnal to Ambala, Kudhina, Jalandhar and Amritsar. Real estate prospects along the national highway 1 are very lucrative. If you are seeking to invest for industrial usage, the New Delhi Haryana border is the best region. Places like Sonipat, Kundali, Rai extending up to Panipat are a great places to invest. Panipat is an industrial city and any investment from New Delhi to Panipat along the NH1 Is going to offer good gains over a short term o medium term.

Badarpur-Faridabad road will be a fully-elevated corridor. The metro stretch will connect Delhi to Faridabad and this will surely enhance the real estate prospects in that region. The project will be undertaken in DMRC's phase 3. Badarpur Metro Line. Around 9 metro stations have been planned on this corridor extending upto YMCA Chowk in Faridabad- Sarai, NHPC Chowk, Mewala Maharajpur, Sector 37 A, Badkal More, Faridabad Old, Ajronda, Faridabad New Town and YMCA Chowk.

When to comes to connectivity Noida Extension is very good as it has connectivity with 130meter wide link road Between Noida and Greater Noida and NH-24 also runs close to Noida Extension which provides a best link with Ghaziabad as well. This is one of the reason which draws the attention of the buyers. The plan is to provide direct connectivity with the existing line at Sector 32. The Metro will be extended up to Noida Extension via Sector 72 and this 7km stretch will cost around Rs 1,400 crore. It is planned under the PPP plan and both the Noida and Greater Noida authorities will raise Rs 1,100 crore, depending on the territory falling under their jurisdiction.