Daily Real Estate News Digest (11th April 2019)

NBCC seeks more time to revise bid for Jaypee Infratech.

State-run construction company NBCC has sought an extension of more than two weeks from the Committee of Creditors overseeing Jaypee Infratech’s insolvency resolution process to submit a revised bid for the company.

ET Realty

Mumbai: Funds crunch forces builders to eye JVs, take up slum rehabilitation.

A slowdown in the city’s property market has led to a churn in the realty industry with builders struggling to complete their projects and looking for financially stable partners to help them do so.

ET Realty

ATS to complete three Noida projects of Logix Group, to deliver 4,500 flats.

ATS has forayed into project management consultancy business and has bagged three projects — Logix Blossom Greens, Logix Blossom County and Logix Blossom Zest in Noida, Uttar Pradesh. 

ET Realty

Home buyers alert! RERA limitation leads to 72 pct delayed real estate projects in MMR, NCR.

It has happened despite the setting up of a regulatory mechanism, countless homebuyers have been left in the lurch by their builders because these projects don't fall under the ambit of RERA.

Zee Business

Hiranandani bets on affordable housing, warehousing to boost expansion.

he company is in discussions with a strategic partner to start work on its first warehousing park spread across 5 million sq. ft, on a 250-acre plot it owns in Pune.

Live Mint

Indian govt push for housing puts millions at risk of eviction.

AT LEAST 11 million people in India risk being uprooted from their homes and land as authorities build highways and airports and cordon off forests.

Business Standard

Co-living is Winning Tenants and Landlords Over From Traditional Leasing Model

The co-living market is taking off in Asia Pacific including India as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region.

Business Standard

Pune-based developer cries foul over charge sheet.

A major real estate developer has found itself in a soup with police filing a charge sheet against it for allegedly forging documents of sale-cum-transfer of development rights (TDR) of a prime property Dhole Patil Road.

Et Realty

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