Daily Real Estate News Digest (18th July 2019)

WeWork to lease 21-storey prime office tower in Singapore.

The tower, 21 Collyer Quay, will be WeWork's biggest property in the Southeast Asian nation and has a net lettable area of about 200,000 square feet.

ET Realty

Mortgage & receipt deeds turn tools for forging private land sales in Chennai.

The scam involves miscreants in alleged connivance with a section of registration department officials to access the document number of mortgage and receipt deeds.

ET Realty

Japan's Sumitomo pays ₹2,238 crore for a 3-acre plot in Mumbai's BKC.

The plot, 'C-65', belongs to the Mumbai Metropolitan Region Development Authority and an offer letter for it was issued to Goisu Realty Pvt. Ltd. for an 80-year lease. 

Livemint

Prestige to sign up for 2 prime office project deals in Mumbai.

The firm is in talks with DB Realty to enter into a joint development pact for two of the latter’s projects.

Livemint

Nod to bankruptcy code changes, will help home buyers.

The government today gave its approval to seven amendments to the Insolvency and Bankruptcy Code (IBC), a move that will benefit unsecured creditors like home buyers in a big way.

The Tribune

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