Daily Real Estate News Digest (14th September 2019)

Embassy REIT's nearly 35% appreciation in six months gives hope to realtors.

The performance of India’s maiden real estate investment trust, Embassy Office Parks Reit, with nearly 35% appreciation in its price over the past six months since its listing in April has offered hope to realty developers looking to raise funds amid the continuing liquidity crunch.

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DHFL, Altico default on bond repayments.

Crisis-ridden non-banking financial company DHFL reported a fresh case of default amounting to Rs 196.65 crore on bond repayment obligation.

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Benefits of land pooling will accrue to all sections of society: Urban Affairs minister.

The housing units developed under the Delhi Development Authority''s land pooling policy will be a "balanced growth" for all as both the well-off people and those who need residential facilities will benefit from it. 

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Indiabulls opposes alleged misappropriation of funds in Delhi HC.

The company's counsel argued in the court that it was "malicious" and "malafide" petition which was causing loss to its business and reputation.

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Bombay HC allows redevelopment of 25 dilapidated buildings.

Bombay high court on Wednesday cleared the decks for redevelopment of 25 dilapidated buildings at Sion Koliwada, which house Partition refugees, after it allowed the government to implement a scheme to include their names in land records.

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Himachal Pradesh CM launches online land registration platform.

This would facilitate speedy registration in the state besides facilitating online valuation and payment.

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