Daily Real Estate News Digest (19th November 2019)

Prestige Group buys 29% stake in DB Realty's commercial project in Bandra.

Realty developer Prestige Group has picked up 28.99% stake in commercial development of a DB Realty project. The commercial property in Mumbai’s Bandra locality has a development potential of over 7 lakh sq ft and is valued at about Rs 2,100 crore.

ET Realty

LIC invests Rs 1,000 crore in Tata Capital Housing Finance.

The country’s largest insurer Life Insurance Corp. (LIC) of India invested Rs 1000 crore in Tata Capital Housing Finance (TCHF) amid signs of improving debt market sentiment.

ET Realty

Lenders seek priority tag for loans under real estate fund.

Lenders want a senior, secured charge on the assets they fund under the recently proposed ₹25,000-crore real estate fund that aims to revive stalled projects.


Speculation grows on Aadhaar linkage with property.

If the government goes ahead and implements the widely speculated move of linking Aadhaar with property, it will constitute another big surgical strike against black money and money laundering.

ET Realty

FIR registered against Ansal API Group over alleged fraud.

​​In the FIR lodged here at the PGI police station on Sunday, the complainant Deepti Kannuadia has accused Ansal API of accepting over Rs 30 lakhs through cheques for booking a 240 square metre plot in its Sushant Golf City project on Shaheed Path, Lucknow. However, the plot has not been given to the buyer even after a period of eight years.

ET Realty

Greater Noida development body to refund over 5,500 buyers.

Thousands of people who had purchased a house or a plot from the Greater Noida Industrial Development Authority are likely to get refunds. During an internal audit, it was found that 5,520 buyers had ended up paying extra to the Authority.

ET Realty

Mumbai: Azad Nagar residents urge BMC to end agreement with East & West Developers.

Residents of Azad Nagar chawls in Wadala have written to Municipal Commissioner Praveen Pardeshi to terminate the development agreement with East & West Developers, a part of RNA Group, for defaulting on payment of transit rent to 324 residents, in violation of the Bombay High Court ruling in March 2019.

ET Realty

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