Daily Real Estate News Digest (21st November 2018)

Kotak, L&T, NBCC, two others submit EoI to take over Jaypee Infratech

Five companies — NBCC, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways and Suraksha group — have shown interest in taking over debt-ridden Jaypee Infratech

ET Realty

Housing prices may fall after govt moves green norms to purview of local bodies: CREDAI

Housing prices may fall as project approval is likely to be faster after government's decision to delegate powers to local bodies for compliance of green norms for 20,000 to 50,000 sq-mt projects, CREDAI said.

ET Realty

Case of profiteering under GST: HC stays NAA order on Pyramid Infrastructure

The Delhi High Court has given interim relief to real estate developer Pyramid Infrastructure, which had been fined for profiteering under the goods and services tax, offering hope to other companies that have come under the National Anti-profiteering Authority scanner.

ET Realty

Odisha govt to build houses for 13,000 families affected by cyclone Titli

The Odisha Government-led by chief minister Naveen Patnaik has decided to provide houses for all the 13,000 families, whose homes were damaged during cyclone Titli and subsequent floods.

ET Realty

Agra civic body to slap double house tax for illegal hoardings

Unable to prevent the display of illegal hoardings over buildings, Agra Municipal Corporation administration is now planning to crack the whip not only against the advertisement agency concerned but also property owners by imposing double house tax on them. 

ET Realty

Pune civic body approves construction of 6,000 houses under PMAY

The Pune Municipal Corporation has given permission to private builders to build 6,000 houses under the Pradhan Mantri Aawas Yojana. 

ET Realty

After 3-yr slump, real estate sector shows recovery signs

The residential real estate market in Visakhapatnam is showing an upward movement with increasing demand from the salaried class

Times of India

Builders gung-ho after online NA push

With the implementation of the online system for getting non-agriculture (NA) land certificate across Gujarat, registrations for realty and industrial projects are expected to go up at Vibrant Gujarat Global Investor Summit in January 2019.

Ahmedabad Mirror

BMC can now give environmental nod for housing

MoEF says all local bodies can give clearance for areas between 20,000 and 50,000 sqm; city builders say it will save them time.

Mumbai Mirror

Prof, 7 others duped of Rs 7.45 cr in flat fraud

Case filed against the owner of Tyche Realty, his wife and other relatives for posing as partners of Ruparel Realty and promising flats in Parel highrise.

Mumbai Mirror

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