Daily Real Estate News Digest (19th July 2019)

Singapore based First Degree to buy Essel Finance Home Loans.

The asset manager is likely to buy 100 percent equity in Essel Finance Business Loans Ltd and Essel Finance Home Loans Ltd. The deals are likely valued at Rs 150 crore.

ET Realty

Royal Orchid Hotels to open three properties in next two months.

Out of the three properties, the hotels in Goa and Noida will be under the Regenta Central brand, while the one in Belagavi will be positioned as a Regenta Resort.

ET Realty

Maharashtra chief minister's push for cluster-based development of decrepit buildings.

The chief minister asked the housing department to draw up a separate act to push cluster-based development of dilapidated buildings recognised as MHADA cessed structures in the metropolis. 

ET Realty

Government to sell immovable Enemy Properties this fiscal to mop up revenues.

The government will sell the immovable properties like land and buildings of the Enemy this fiscal to augment the divestment revenues and will also get its share from the proceeds of the non-core asset sales of the CPSEs.

ET Realty

Fate of Indian real estate hangs in balance as SC hears builders' challenge to IBC Code.

The Supreme Court of India heard the constitutional challenge filed by over 100 builders against the right provided to the homebuyers as ‘financial creditor’ under the section 7 of Insolvency and Bankruptcy Code.

ET Realty

Hiranandani Group to set up hyperscale data centre in Panvel for Rs 1,000 crore.

The first data centre park is scheduled to go live by December 2019 at Hiranandani Fortune City township in Panvel, followed by Chennai and Mumbai.


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