Daily Real Estate News Digest (17th May 2019)

HDFC Capital Advisors launches programme to invest in real estate-tech firms

HDFC Capital Advisors Ltd, a wholly-owned subsidiary of HDFC Ltd, has announced a programme to mentor, partner and invest in real estate technology companies that drive innovation and efficiencies within the affordable housing ecosystem.

VCCircle

DHFL may sell Rs 18,000 crore loans to US company Oaktree Capital 

Dewan Housing Finance Corporation (DHFL) is holding talks with US-based Oaktree Capital on offloading wholesale real estate loans worth Rs 17,000-18,000 crore and has signed a nonbinding pact to this effect.

Economic Times

Wider pavements & a London touch: Mumbai biz hub Bandra-Kurla Complex ready for facelift

One of Mumbai’s most prominent business districts, the Bandra-Kurla Complex (BKC), will soon get a facelift with better connectivity to the Maharashtra capital’s arterial roads and improved pedestrian infrastructure.

The Print

Builders told to set feasible deadlines 

Developers pushing ahead dates to hand over apartments would  find themselves in hot water from now, with state regulator Maharashtra Real Estate Regulatory Authority  (MahaRERA) ruling that the possession date of an ongoing project should be corresponding to the pending work. 

TOI

Builder cannot delay transfer of society after OC is given

Once occupation certificate (OC) is granted and possession is handed over to flat purchasers there is no reason for a builder to delay conveyance, the Bombay high court has ruled. 

TOI

Leave a Reply

Your email address will not be published. Required fields are marked *