Daily Real Estate News Digest (20th Dec 2017)










Allahabad Bank to auction RNA Corp's Mumbai HQ to recover dues

RNA Corporate Park in Kalanagar to be auctioned by Allahabad Bank to recover dues of Rs.88.08cr.

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New Cuffe Parade builder relief as HC stays Rs 270-crore stamp duty penalty demand

The Bombay HC has stayed a demand of a Rs.270cr stamp duty penalty in connection with development of a project branded as New Cuffe Parade on Wadala Truck Terminal land restrained the government from taking any coercive steps to recover the amount from the Lodha Group.  

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Viviana Mall rent monetisation fetches Sheth-GIC entity Rs 600 crore

Viviana Mall jointly owned by GIC & Sheth Group has raised Rs.600cr by monetising rental incomes. It was country's largest lease rental discounting transaction this year.

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Cinnamon Capital sells nearly 2% in Indiabulls real estate

Cinnamon Capital has sold nearly 2% stake in Indiabulls Real Estate between Oct 25 & Dec 15

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JP Morgan unit to exit maiden India-focused real estate fund

JP Morgan is preparing to exit all 4 remaining investment made from its first India-focused realty fund. It had raised $360 million from institutional investors & HNI across global markets. It will exit investments in Nitesh Estates, Assets Property Group, Vaswani Group & Kolte Patil.


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