Daily Real Estate News Digest (22nd August 2018)

Road ahead for Jaypee homebuyers as insolvency proceedings begin

Jaypee Infratech Ltd, the beleaguered real estate major facing bankruptcy, has asked its homebuyers and those who invested in the company’s fixed deposits to select an authorised representative from the three names proposed by Insolvency Resolution Professional

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Amrapali submit details of all its properties worth over Rs 5,500 crore in SC

Amrapali Group today submitted details of all its encumbered and unencumbered properties in the Supreme Court. The total realisable value of all the properties is about Rs 5,647 crore.

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SC directs Dhingra committee to auction Unitech’s two land parcels in Kolkata

The Supreme Court today directed the justice SN Dhingra committee to auction two unencumbered land parcels of Unitech situated in Kolkata.

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Bengaluru-based Salarpuria to focus on commercial realty: MD

Salarpuria Sattva is strengthening its presence in commercial real estate, and targeting a commercial portfolio of 20 million sq ft in the next two years

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Hyderabad development body eyes to mop up Rs 540 crore from Uppal Bhagat layout auction

Hyderabad Metropolitan Development Authority is going ahead with another round of e-auctions for the plots at Uppal Bhagat layout near Nagole and some leftover plots to mop up Rs 540 crore.

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Jaipur development body snags technical bids for seven of its housing projects

After repeated failures, the Jaipur Development Authority finally succeeded in attracting developers for seven of its nine affordable housing projects.

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Standard Chartered sells its real estate business to Actis and ICG

Standard Chartered has completed the sale of its principal finance real estate business in Asia to private equity firm Actis

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Maharashtra appoints former HC judge to probe Navi Mumbai land scam

The BJP-led state government has appointed retired judge Kishor Rohi to probe the CIDCO land scam.

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Realtors cheer, planners frown at Tamil Nadu's proposed building rule

Seeking to remove disparities in building rules between the Chennai and rest of the state, the draft Tamil Nadu Combined Development Regulation and Building Rules, 2018 attempts to bring regulations for realty developments from Gummidipoondi to Kanyakumari under a single umbrella. 

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