Daily Real Estate News Digest (14th May 2019)

Crisil downgrades DHFL commercial papers worth Rs 850 crore.

Crisil noted that DHFL, as a strategic decision, did not resort to securitisation of readily available housing loans to prop up the liquidity levels.

ET Realty

Allahabad Bank cuts lending rate by 5 bps.

The marginal cost of funds-based lending rate (MCLR) for one-year loan has been reduced to 8.60 per cent from 8.65 per cent effective May 14, Allahabad Bank said in a BSE filing.

ET Realty

Pune civic body eyes e-auction to rent out properties and shops.

The Pune Municipal Corporation (PMC) will introduce an e-auction system to curb the misuse of its rented out properties and shops. 

ET Realty

Avanta India takes up 20,000 sq ft office space in Connaught Place.

The centre is based on 100 per cent lease model and would be suitable for start-ups and established companies alike.

Moneycontrol

Lodha struggles to shake off fears over punch- through walls.

The Lodha Group is trying to dispel fears that the quality of construction is so bad that people can punch through the walls.

Bloomberg quint

Oberoi Realty’s residential sales jump 66% last fiscal.

The average square feet price of the realtor's apartments have either increased marginally or fallen a few notches during the period.

DNA

Building activity in merged villages swells Pune civic body's coffers

Nearly 4.5 lakh square feet of new constructions have been carried out in these villages since their merger with the city limits over a year ago.

ET Realty

Mumbai: Kannamwar Nagar buildings crumble as redevelopment file stuck in red tape.

As monsoon approaches, residents of buildings in Mhada colony at Kannamwar Nagar in Vikhroli are again filled with dread. With redevelopment stuck in red tape, they are not sure if the old, dilapidated buildings will survive the rains

Et Realty

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