Daily Real Estate News Digest (18th September 2019)

Sunteck Realty, Transcon ink development pact for seven-acre plot in Mumbai's Andheri.

While approvals and clearances will be Transcon Developers’ responsibility, Sunteck Realty will handle construction, execution, sales and marketing of the project.

ET Realty

Maharashtra government ends ownership of ULC surplus lands.

This will come as a major relief for owners of lands, plots and tenements that have come up on such surplus land.

ET Realty

Blackstone signs deal to buy CCD's Tech park for Rs 2,700 crore.

Blackstone, along with South-based developer Salarpuria Sattva will acquire the 90-acre, IT-focussed Global Village Tech Park held by subsidiary, Tanglin Retail Realty.

ET Realty

IFC invests Rs 345 crore in Aavas Financiers.

Aavas will use the proceeds to grow its affordable housing finance programme in rural and semi-urban areas of Rajasthan.

ET Realty

IL&FS to sell over 450 acres situated in Telangana, Andhra & Uttar Pradesh.

Debt-ridden IL&FS Group has put on block nearly 494 acres of land parcels across three states including Telangana, Andhra Pradesh and Uttar Pradesh, held by its subsidiary Hill County Properties.

ET Realty

Noida Authority reclaims 18,570 sq metre commercial land worth Rs 295 crore.

The area was encroached by 150 shanties, one nursery, four furniture showrooms, four rooms and 12 spots for animal/cattle shelter/dairy.

ET Realty

WeWork suspends IPO following pushback.

WeWork owner The We Company took a last-minute decision on Monday to suspend preparations for an initial public offering (IPO), concerned that its stock market debut would be snubbed by many investors.

ET Realty

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