Daily Real Estate News Digest (12th August 2019)

Plus Offices plans to raise $5-10 million.

Co-working operator Plus Offices said it has invested USD 2 million to set up two centres in Gurugram and is looking to raise up to USD 10 million for expansion.

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Finance Minister meets realtors to discuss liquidity and stalled projects.

Developers suggested the creation a stress fund for completion of stalled projects. The proposal was also put forward by home buyers in a separate meeting during the day with the Minister.

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DHFL seeks Rs 15,000-crore lifeline.

Under the draft resolution plan, the company has asked for funds from banks/NHB for restarting retail funding which was stopped after liquidity crisis hit it late year. 

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In two years, BMC yet to take back 26 of 216 land parcels.

Two year after Chief Minister Devendra Fadnavis ordered that all open spaces given out on the land adoption policy be reclaimed, the civic body is yet to take back 26 of 216 land parcels from private entities.

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BSNL selling prime properties in Chennai at throwaway prices: Employees union.

The BSNL Employees Union has alleged that the state-owned telecom operator has charted out a plan for selling off eight BSNL properties in prime locations of Chennai at throwaway prices.

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Madhya Pradesh road transport to sell properties to pay over 200 employees' salaries.

The Madhya Pradesh State Road Transport Corporation (MPSRTC) is likely to sell some of the properties in its custody to pay off wages of around 200 employees, who were not paid their salary for the last six months.

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Change in parking slot costs builder Rs 20,000 penalty.

When a developer handed over a parking space to a homebuyer on the ground floor instead of basement as per the agreement, he was ordered by Maharashtra Real Estate Regulatory Authority to stick to the deal or return the money.


NGT orders status quo on construction of commercial complex above Bhikaji Cama Place metro station.

The National Green Tribunal on Friday ordered status quo on construction of a commercial complex above Bhikaji Cama Place metro station after a plea alleged that it is a designated park as per the Delhi Master Plan, 2021. 

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