Daily Real Estate News Digest (10th July 2019)

Vatika group repays Rs 500 crore dues.

Of the total repayment, the company has repaid HDFC’s debt of over Rs 80 crore while Indiabulls Housing Finance has received nearly Rs 420 crore for its respective project-level debt exposure.

ET Realty

Sub-registrars may get powers to cancel sale deeds with fake documents in Goa.

Rane said that a lot of wrong things have happened before and the government is trying to gather information from the sub-registrars.

ET Realty

SBI cuts minimum lending rate by five basis points to 8.40%.

The new rates, effective Wednesday, is the third reduction by SBI in this financial year havng cut the rates by 5 bps each in April and May, while its home loan rates has come down by 20 bps during this period. 

ET Realty

Number of small real estate developers drop 50% across 9 cities as homebuyers pick top players: PropEquity.

Numbers released by real estate analytics company PropEquity suggest that top developers are replacing smaller players across the country as homebuyers, cheated over the last many years, pick companies with a better track record of execution.

Business Today

SC asks Centre for ‘uniform’ plan to protect homebuyers.

SC asks Centre for ‘uniform’ plan to protect homebuyers
The bench of justices AM Khanwilkar and Dinesh Maheshwari made the remark while hearing a petition filed by homebuyers who invested in projects by Jaypee Infratech Limited (JIL) but suggested a mechanism could be worked out to help cases involving other realtors as well.

HT

Jai Corp claims Rs.510 crore from Everest Group in a public notice.

Two entities linked to Jai Corp Ltd., promoted by Anand Jain of Reliance Industries Ltd., have claimed Rs 510 crore from the promoters of the city-based realty developer Everest Group for their alleged failure in developing a project in the megapolis.

Bloomberg Quint

Leave a Reply

Your email address will not be published. Required fields are marked *