Daily Real Estate News Digest (17th September 2019)

Piramal, Poddar may help develop DHFL’s SRA projects.

Both the companies have signed non-binding term sheets to bid as lead developers for the projects.

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Sachin Bansal, Reliance MF, other investors of Altico face defaults on Rs 95 crore debt.

Nonbank lender Altico Capital’s bond investors, including Flipkart cofounder Sachin Bansal and Reliance Mutual Fund, face immediate defaults on two series of outstanding debt coming up for repayment in the next two weeks–about Rs 95 crore all told is due on September 26 and 29.

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About 40,000 societies to benefit from Maharastra’s self-redevelopment plans .

‚ÄčA GR issued through a government resolution gave a boost to structures that are over 30 years old.

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Impact of Rs 10,000 crore fund for realty sector will be limited.

Realty projects which are not non-performing assets and not facing litigation in the National Company Law Tribunal (NCLT) may be limited and might not benefit all of the homebuyers whose investments are struck in delayed housing projects, according to the confederation of real estate developers’ association of India (Credai).


UDH amends building laws to boost real estate.

The move aims to provide approval of layout plan with three days that would encourage the developers and revive the real estate market.


Water availability, security main factors for home seekers.

New trends suggest that buyers give high preference to water, security as key factors while buying homes.

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