Daily Real Estate News Digest (15th June 2019)

WeWork considers $1.9 billion offer for 70% stake in WeWork India.

The cash-and-stock deal, $1.9 billion at this terms, could close as early as August, Bloomberg reported, adding the terms of the deal were not yet finalized.

ET Realty

Ascendas India Trust to buy 1.8-million sq-ft BlueRidge IT SEZ phase III in Pune.

Ascendas Property Fund Trustee, the trustee-manager of Ascendas India Trust (a-iTrust), has entered into a master agreement with Nalanda Shelter and Brickmix Developers to acquire the project.

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Goa government gets 38.4 lakh sq meter SEZ land back from promoters.

The SEZ land saga is more than a decade old when GIDC allotted land to seven promoters SEZ promoters. 

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Hyderabad: Big ticket firms now going the co-working way.

 Move over conventional offices, co-working is the new buzzword taking hi-tech Hyderabad by storm.

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Vadodara civic body plans to raise Rs 133 crore by auctioning 46 plots.

For this, the civic body has made several changes in its procedures to ensure that the land parcels it owns and wants to put under the hammer find takers in the market this time, unlike its previous attempts.

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HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore.

Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore.

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New development control rules affecting projects in Mumbai: Builders.

DCPR 2034, which came into effect on September 1, 2018, is meant to regulate construction in the city but builders have been facing problems in its implementation.

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ED issues attachment order against Nature Heights Infra in land scam of Rs 45 crore.

Almost 40 FIRs were registered by investors in various police stations of Punjab alleging fraud by Nature Heights Infra Limited and its group companies. 

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Mumbai: EOW arrests well-known real estate broker Deven Mehta.

Mehta has been arrested in connection with a cheating case registered against him in 2016. 

TIE

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