Daily Real Estate News Digest (04th June 2019)

Blackstone to buy U.S. warehouse assets from GLP for $18.7 billion.

The overall transaction totaled 179 million square feet of urban logistics assets, nearly doubling the size of its U.S. industrial footprint.

ET Realty

Kerala government to purchase land to rehabilitate 122 families.

The state government has decided to spend Rs 7.32 crore to purchase land for 122 families in Idukki who had lost their homes completely during last year’s flood.

ET Realty

South-Central Mumbai hit by unsold luxury residences.

The luxury residential property market of south-central Mumbai, which had emerged as an alternative to the country’s most expensive micro-market of south Mumbai, has been hit by oversupply. 

ET Realty

Handover list of allottees of the project to home buyers: MahaRERA.

 MahaRERA explained the complainant home buyers to explore the possibility of invoking certain provisions of the RERA act to complete the project through the association of allottees.

DNA

Thane, Navi Mumbai realty market upbeat than Mumbai city.

The real estate market in Thane and Navi Mumbai is faring better than the tepid sales in Mumbai city.

DNA

If poject delayed, builders can't levy flat cancellation charges.

The apex consumer commission has held that a homebuyer cannot be forced to forfeit any amount deposited with a builder in case he seeks cancellation of allotment of flat to delay in construction. 

TOI

Piramal Mahalaxmi Launches "Back to Nature – Space to Grow"

Piramal Mahalaxmi is a 4 acre development project that will have close to 2 acres of green space spread across the development giving a commitment of "Back to Nature – Space to Grow" for the citizens of South Mumbai.

Business Standard

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