Daily Real Estate News Digest (10th May 2019)

Hyderabad development body plans land pooling to take up projects in city.

While HMDA will get some revenue by way of its share (including development cost), landowners get good value for their share of the land.

ET Realty

Thane: 100 families to lose homes as ‘illegal’ building razed.

The residents protested as officials of Kalyan-Dombivli Municipal Corporation went about tearing down two ground-plus-seven storey buildings in Balaji Complex.

ET Realty

Chennai developer Olympia teams up with Apollo Global to set up IT park.

Olympia Cyberspace, the real estate firm’s commercial vertical, will develop an IT park of around 1.1 million square feet in the central point of the city,. 

Vccircle

360 Realtors acquires US-based property broker Risa Realty, targets Rs 750 cr sales in FY20.

Gurugram-based 360 Realtors will enter the US property market and set up new offices in major NRI-centric markets, including New York, Chicago, Los Angeles, San Francisco, Boston and Washington.

Moneycontrol

Buyers make a beeline for iconic Air India building.

Disinvestment efforts in the case of debt-ridden national carrier Air India may not have attracted any bidders, but investors are making a beeline for the company’s valuable real estate assets.

TNIE

RERA plans to adopt projects left midway by developers.

The regulatory body has estimated that there could be 100 such abandoned projects in the state’s NCR cities .

TOI

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