Daily Real Estate News Digest (13th August 2019)

HDFC, Indiabulls Asset Reconstruction takes possession of Ansal Housing properties.

HDFC and lndiabulls Asset Reconstruction Company have taken over the symbolic possession of certain mortgaged properties of Ansal Housing.

ET Realty

Real estate developers hail Supreme Court for approving financial creditor's status to homebuyers.

The Supreme Court of India has upheld the Indian Bankruptcy Code (IBC) giving a homebuyer a financial creditor's status putting them at par with the creditor bank.

Zee Business

Rajasthan Housing Board to auction over 7,000 flats online.

After receiving state government’s nod, the RHB will sell 7,075 constructed flats of different categories across the state on discount. 

ET Realty

Logistics leasing crossed 13 million sq ft in H1 2019: CBRE.

Logistics leasing in India recorded a growth of 31% on a yearly basis and crossed 13 million sq ft in H1 2019.

ET Realty

Competition Commission of India slaps Rs.14 crore fine on Jaiprakash Associates.

The Competition Commission of India (CCI) has imposed a penalty of nearly Rs 14 crore on Jaiprakash Associates for abusing its dominant market position by imposing "unfair" and "discriminatory" conditions on home buyers. 


Signature Sattva to invest Rs.500 cr. on 1st housing projectwith 7-20 lakhs/flat in R'stan.

Realty firm Signature Sattva Infratech will invest Rs 500 crore over the next four years to develop its first project in Alwar, Rajasthan under the state government's affordable housing policy.


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