Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty

Time 2020-07-26 12:08:56

Web Name: Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty

WebSite: http://realty.economictimes.indiatimes.com

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Accept the updated privacy cookie policy Dear user, ET RealEstate privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website.You can see our privacy policy our cookie policy. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET RealEstate. optoutTimes Internet1 YearHTTPSStores the user's cookie consent state for the current domainPHPSESSIDTimes Internet1 dayHTTPSStores user's preferencesaccessCodeTimes Internet2.5 HoursHTTPSTo serve content relevant to a regionpfuuidTimes Internet1 YearHTTPSUniquely identify each userfpidTimes Internet1 YearHTTPSBrowser Fingerprinting to uniquely identify client browsers Mindspace REIT raises Rs 1,519 crore from investors ahead of IPO The company, which is launching India's second Real Estate Investment Trust (REIT), had earlier announced raising Rs 1,125 crore from strategic investors. Rs 8,767 crore approved so far under SWAMIH for 81 'stressed' projects Amongst these projects, investments in 18 projects have been given final clearance and disbursement is at various stages across 7 residential projects Will hand over 15,000 Unitech flats in four years, SC told The new management told SC that it was not advisable to wind up the company by selling its assets as the home-buyers, creditors and all stakeholders would only be getting only a miniscule percentage of their claims. Sunteck Realty inks pact to develop 50-acre in Vasai, Mumbai Sunteck will be developing the entire project in phases over the next 5-7 years and is estimated to have a total development potential of 4.5 million sq ft with revenue of Rs 5,000 crore. Gurugram: 12 years on, Ardee City buyers wait for registry of homes Buyers started getting possession of their homes in 2008. At present, 300 families are living in Ardee City without conveyance deeds of the properties. Special situation funds, NBFCs eye investment opportunities in stressed real estate Apart from the government-sponsored and SBICAP Ventures-managed last-mile fund for stuck projects, several large institutional investors are also getting active through their own distress or special opportunities funds. Chennai: Land owners in a soup as Covid hits joint venture projects About 70% of housing projects comprising apartment units in the Chennai Metropolitan Area are joint development ventures between owners and developers. Brookfield takes over Peninsula Land's residential project in Mumbai's Byculla In 2016, the Canadian institutional investor had invested Rs 450 crore in the project through non-convertible debentures in 2016 marking its first investments into Indian residential real estate. Oyo Hotels & Homes terminates lease contracts for two Gurugram offices Oyo is also negotiating to terminate the lease on a third property, Capital Cyberscape, in which it occupied 150,000 square feet (sq ft). Builders offering property-swap scheme to buyers of stalled projects The developers aim to recover the balance amount, which the buyer had paid to the developer of the stuck project, whenever that project is completed and sold. The real estate non-broking consultancy firm has picked up this office space in tower C of the building and plans to use this as its head office. As per the guidelines, the private and public entities will also get loans at lower interest rates through concessional window under Affordable Housing Fund by housing finance companies and priority sector lending by commercial banks. This is the second time the Nashik Municipal Corporation (NMC) has taken action against the defaulters. A few days ago, 11 shops in the Satpur division were seized for defaulting on Rs 25 lakh towards rent. The company has signed a binding agreement for the acquisition of the balance 14.28 per cent equity interest in ELEL from the Nanda family, Indian Hotels Company Ltd (IHCL) said in a filing to BSE. To light up dark stretch between Atul Kataria Chowk and Krishna Chowk, the municipal corporation of Gurgaon (MCG) is going to install 300 streetlights on the 6-km-long road. The detailed project report (DPR) of the two corridors, that was sent to the state government earlier, will now be forwarded to the state finance department for approval. Charge sheet says DHFL gave the loan on receipt of a letter from Kapoor’s daughter, without the sanction of its own finance committee. People would also be able to raise support queries or submit KYC documents, pay their property tax or apply for permissions and make online appointments for property registration. MCG collected Rs 18.23 crore in the first three months of the quarter from April to June. Meanwhile, the civic body has already started sealing properties of tax defaulters and over 30 such properties have already been sealed in July. The exact size, dilution and other such factors will be finalized soon along with the assets that would be offered under this offering. It also said that the rationale of e-registration for documents due to Covid-19 pandemic is not substantial, as Sub-Registrar's Offices are functioning and no work in the office of Registrar is hindered or stopped in the present circumstances. The decision was taken during the urban body's Authority meeting, which was chaired by Delhi Lieutenant Governor Anil Baijal. To light up dark stretch between Atul Kataria Chowk and Krishna Chowk, the municipal corporation of Gurgaon (MCG) is going to install 300 streetlights on the 6-km-long road. Tip Guest Column So you've got the inside scoop on a story or topic that we've covered?We respect your anonymity. Feel free to directly email us at contactus@etrealty.com So, you would like to contribute to this site Feel free to directly email us at contactus@etrealty.com Contact US Advertise with us We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Please contact us to know more details. Sign up for ETRealty NewsLetter Get ETRealty's top stories every morning in your email inbox. 125000+ Industry Leaders read it everyday

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