Daily Real Estate News Digest (20th July 2018)

Shapoorji Pallonji-Allianz to buy 2.3 million sq ft office park for Rs 1,800 crore in Hyderabad

Shapoorji Pallonji Group and global insurance major Allianz are jointly set to acquire WaveRock, a 2.3-million-sqft office park in Hyderabad, from New York-based Tishman Speyer and Singapore’s GIC for over Rs 1,800 crore.

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Navi Mumbai land deal to be scrapped after legal opinion: Maharashtra CM

Chief minister Devendra Fadnavis announced that the controversial Navi Mumbai CIDCO land deals would be canceled after taking the opinion of law and judiciary department. “The allotment of land to farmers will, however, not be cancelled as farmers have already earned money through sale of land. Only the builders will pay the price,” he said.

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Landowners near Pune's Purandar airport may move HC to protect properties

Landowners and farmers, who are set to lose their properties to the proposed Purandar airport, went into a huddle a day after the Maharashtra Airport Development Company Limited was appointed the special planning authority for the project.

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Proptech startup Foyr closes its series-A funding of $2 million

Sashi Reddi’s SRI Capital has made an investment of $2 million in Foyr, a proptech startup. The company plans to use the money raised in this round to enter the US market which will be its largest market in two years.

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Gujarat HC orders state govt to allot flats to high court employees at concessional prices

While the issue of allotment of plots and houses to government employees, elected representatives and judges has caused controversy, Gujarat high court ordered the state government to allot flats at concessional prices to 427 employees working at the high court and the government pleader’s office.

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