Daily Real Estate News Digest (15th April 2019)

Mumbai: Builder arrested in Rs 50 crore Khandala land-grab case.

Builder Yusuf Lakdawala was arrested by Mumbai police in connection with a Rs 50 crore land-grabbing case.

ET Realty

Only one of 176 MahaRERA warrant orders executed.

 MahaRERA has issued 176 recovery warrant orders against erring developers across the state in two years since its inception, but only one has been executed in the city.

ET Realty

Max group completes Rs.600cr. office building in Noida, eyes 70cr. rental a year.

The company has already leased 30 percent area of this around 6 lakh sq ft office complex Max Towers.

TOI

Logix Group to scale down realty business.

Hit by the ongoing liquidity crisis involving non-banking financial companies (NBFC) and slow market conditions, realty firm Logix Group has decided to scale down its portfolio.

Live Mint

Mumbai: Developer to pay interest for delay.

Nearly 32 home buyers who had booked their apartments way back in 2005, and were suffering because of the forest land issue, have finally got some relief.

DNA

Omkar, Piramal joining hands to develop Mahim property.

he companies are inadvanced stages of discussions to jointly develop a 5-acre prime sea-facing property in Mahim.

Zee Business

KKR set for global launch of Rs.5,000cr. credit fund for India.

The fund, which will be the third in a series of credit funds from the New York-headquartered alternate asset manager, targets to reap strong demand for structured credit from Indian companies. 

ET

MahaRERA starts video conference hearing of complaints from Aundh.

Officials said the complainants were using the video conferencing system to raise their issues with the Mumbai bench of the MahaRERA. The facility would be introduced in Nagpur also

ET Realty

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