Daily Real Estate News Digest (20th April 2019)

Prestige Estates plans to expand retail presence to 15 malls.

Prestige Estates Projects is planning to expand its retail presence to 15 operational malls, totalling 10 million sq ft, over the next three years.

ET Realty

K Raheja, Mafatlal Group company call off 2016 land deal.

In September 2016, K Raheja Corp had entered into a Memorandum of Understanding (MoU) to acquire this plot for Rs 355 crore.

ET Realty

WeWork pulls out of talks to take on more Hong Kong space.

WeWork in Hong Kong pulled out of talks on most of the space it had planned to secure after failing to get budget approval. 

ET Realty

Jaypee says sorry to homebuyers.

In a fresh attempt to retain control over its realty arm Jaypee Infratech, crisis-hit Jaypee Group’s promoters today apologised to thousands of distressed home buyers and promised to infuse Rs 2,000 crore to complete pending apartments over the next four years.

The Tribune

Indian Hotels partners Mahagun Group for expansion in Greater Noida.

The new Vivanta branded hotel is a greenfield project and will be a part of the landmark Mahagun Marina Walk – a large mixed use project with destination retail and commercial spaces.

ET Realty

Miyapur scam: HC stays Telangana order nixing sale deed.

In a fresh twist to the alleged Miyapur land scam involving 690 acres, the Telangana high court on Tuesday stayed the state government's order cancelling the 4 sale deeds.

ET Realty

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