Daily Real Estate News Digest (18th November 2019)

NBCC may self-monetise Jaypee Infratech's flats worth Rs 1,750 crore.

State-owned NBCC Ltd is likely to take the responsibility of selling Rs 1,750-crore worth of unsold flats of Jaypee Infratech instead of offering them to lenders in its fresh bid to acquire the debt-laden realty firm through insolvency process.

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LIC Housing Finance aims to disburse loans worth Rs 55,000 crore in FY20.

LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial year.

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Mumbai: Consumer court orders Saranga Estate to pay Rs 63 lakh to Jolly Apartment.

The state consumer commission has ordered a developer to pay a housing society in Santa Cruz around Rs 63 lakh as compensation for failing to conduct proper repairs in lieu of adding four floors in each of the four wings. The society is 50 years old and comprises 31 flats.

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Office property developers seek to monetize assets as investor interest peaks.

Leading commercial property developers in India such as DLF Ltd, Prestige Group, Embassy Group, RMZ Corp., K Raheja Corp. are looking to raise funds to expand their portfolio, pare debt and monetize their assets at a time of high institutional investor interest in office projects.

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Signature Global to invest Rs 400 cr in 2 affordable housing projects in Gurugram

​​The company in a statement said that it has started two new projects 'Aspire' and ' Prime', which have in total about 1,450 units.


SC holds six Indiabulls' directors guilty of contempt

he court said Gehlaut, Banga and other active directors of IVL and IHLF Ashwini Kumar Hooda, Sachin Chaudhary, Divyesh Bharat Kumar Shah and Pinank Jayant Shah had "knowingly and wilfully" disobeyed the court.

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