Daily Real Estate News Digest (11th September 2019)

Ulhasnagar civic body to regularise 850 Illegal buildings.

In a relief to occupants of 855 illegal buildings in Ulhasnagar, the state government appointed the city's civic chief as the designated authority to regularise these buildings.

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Around 2,500 flats in K Raheja Corp's Mumbai society served notice.

Sir Mohammed Yusuf Trust claims in the notice that it owns the land on which 22 of the 27 Raheja Vihar buildings stand.

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Aptus Value raises Rs 880 crore from Westbridge, Sequoia Capital, others.

Chennai-headquartered affordable housing finance company Aptus Value Housing Finance has said it has raised Rs 880 crore in equity capital in its Series B round led by existing investor WestBridge and new participants Steadview Capital, Sequoia Capital India and Malabar Investments. 

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Bengaluru: Vaishnavi Group to double its commercial portfolio.

Realty firm Vaishnavi group is looking to double its commercial portfolio either through land acquisition or development management agreement.

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Ahmedabad development body to auction 20 plots worth Rs 1,000 crore.

After defying slowdown and raking in Rs 163 crore by selling three plots recently, Ahmedabad Urban Development Authority has now lined up 20 other plots that will be put under the hammer in the coming months.

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Godrej Properties fined Rs 30 lakh for flouting MahaRERA rules.

Godrej properties has been fined Rs 30 lakh for publishing advertisement related to project work without prior registration of the project with RERA.

Zee News

Chandigarh Housing Board stops transfer of flats served with violation notices

The move will affect more than 50,000 allottees who have made need-based changes in their houses.

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