Daily Real Estate News Digest (11th May 2019)

No building permit, Mussoorie-Dehradun development body seals hotel on Spring Road.

MDDA officials said that the hotel named Kahkashan, was sealed as it was built without any permit. They added that they had served one-month notice to the hotel owner..

ET Realty

Pune: Bombay HC rejects plea against NOC to SRA towers near IAF base.

The petitioners had claimed that the project fell within 100m from the crest of the outer parapet of the Lohegaon Air Force Station (AFS) and posed a security concern to the air base.

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Mittal Realty Forms a Joint Venture With Painterior (India) LLP.

The aim of the joint venture is to give a one-of-a-kind facelift to the extended boundaries of Mumbai like Shahpur, Atgaon, Khardi and create remarkable residential developments that endow buyers with state-of-the-art amenities all under one roof. 

Outlook

Redevelopment deal over Bandra West slum underway.

Omkar Realtors — which has earned its name in slum redevelopment — is in the last bit of finalising a joint venture with L&T Realty. This development spanning over 4.5 acre of land is expected to change the face of Bandra West.

DNA

Will sell off Amrapali assets to recover costs, complete projects: SC.

Top court reserves verdict on whether all pending work and land as well as management of the real estate firm should be handed over to authorities.

Business Standard

Private equity funding in real estate spikes but fewer developers raking it in.

India’s real estate market, which has attracted top dollars from global and domestic investors over the years, is going through an interesting phase where each asset class in the segment has taken a journey of its own.

Vccircle

Furnish price details on housing projects: Rajasthan HC

The petitioners argued that this demand was irrespective of the assurance by the board during launch of the scheme that there would not be any variation in the price more than 10% of the original price.

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Kalyan-Dombivli civic body stops razing illegal building citing lack of cops.

The civic body said on Thursday that it will restart the demolition once it is offered police security

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