Daily Real Estate News Digest (10th April 2019)

Hyderabad development body nets Rs 475 crore on second day of plot auctions.

It was a windfall again for the second day for the Hyderabad Metropolitan Development Authority in the open plots auction conducted by it on Monday. The authority earned about Rs 475 crore for 31 plots on day two of the auction.

ET Realty

Arihant Group invests Rs 250 crore in affordable housing project in Greater Noida.

The project will house 11 towers with a total of 944 units. The first phase of the project is expected to be ready and delivered by April 2022 while the complete project is expected to be delivered by November 2024.

ET Realty

Builders make a rush for affordable housing in city.

Surat: At least 100 realtors have taken up affordable housing project because of surging demand in this segment in the city . 

TOI

Willing to give up real estate business for financial services: Sameer Gehlaut, Indiabulls.

I am willing to do what RBI tells me to do. If RBI wants , I will give up real estate, says Gehlaut.

ET Realty

Chintels Group launches Phase II of luxury project Chintels Serenity.

Having total saleable area of 4,85,660 square feet, Chintels Serenity Phase II will consist of 6 High-rise Towers.

Business Standard

Mumbai has ₹4,000 crore worth of ready-to-move-in projects.

With developers focusing on timely execution, over ₹4,000 crore worth of ready-to-move-in luxury residential inventory is available in the south and south-central zones of the megapolis as against ₹2,800 crore a year ago.

Live Mint

Muted demand puts Rs 4.51 lakh cr housing units in limbo.

Delayed project is resulting in cost overruns, which has been further compounding the funding crunch for several real estate builders in top cities.

DNA

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