Daily Real Estate News Digest (12th May 2019)

WeWork leases 4 lakh sq ft office space in Mumbai and Bengaluru.

The addition of new office space will see the co-working operator add over 6000 desks to existing 35000 desks across major cities in the country.

ET Realty

Promoters of DHFL in talks with Apollo for stake sale.

The promoter group Wadhawan Global Capital, which holds 37.3% in DHFL, is looking for an investor that will buy out the promoters and infuse capital into the company.

ET Realty

Embassy Group may sell Indiabulls Real Estate's office assets to REIT.

Once deal is completed, IBREL may become an Embassy Group firm, and will be run as a separate company. 

Livemint

Hong Kong's Risland enters Indian realty market.

 Hong Kong-based realty firm Risland Holdings has forayed into Indian real estate market and will develop its first housing project in the national capital at an estimated cost of Rs 700 crore.

Zee Business

Jaypee Infratech lenders reject NBCC’s takeover offer.

A majority of the 13 lenders voted against the NBCC bid, but most homebuyers wanted the state-owned company to be the new buyer.

VCC

SBI unveils digital residential property show.

The bank will have a digital display of residential projects from leading developers that have been approved by SBI. The prospective buyers can have a detailed digital walkthrough of participating projects.

BusinessLine

Unsold mid-income and luxury housing stocks falls by 14% and 12% in Q1 2019

As per Anarock research, unsold stock in this segment across the top 7 cities is nearly 2.25 lakh units, second only to the affordable segment which accounts for 2.42 lakh unsold units as on Q1 of 2019.

ET Realty

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