Daily Real Estate News Digest (22nd February 2019)

Hiranandani Gardens' residents battle on for land titles

Hiranandani Gardens turned Powai from a cluster of villages no one had heard of into one of the city’s most sought-after addresses. But 25 years later, residents are now struggling to get land titles for their housing societies.

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Adarsh developers offers partial exit to JM Financial for Rs 300 crore

JM Financial has partially exited its investment in residential projects of Adarsh Developers in a deal valued at Rs 300 crore.

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Gurugram: DTCP allows sale & registry of properties belonging to Ardee City's residents

The department of town and country planning  announced a major relief for thousands of residents of Ardee City when it allowed sale and registry of properties within the residential society

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Bill seeking to lift Aravali legal cover may be tabled today

The Haryana government is likely to table the bill amending the Punjab Land Preservation Act 1900, which gives protection to large portions of the Aravali foothills and the Shivaliks

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Karnataka launches affidavit-based system to convert farmlands into plots

The state government launched a new system to convert plots of farmlands for non-agriculture purposes raising hopes among tens of thousands of citizens in Karnataka. The new system relies on the declaration made by the applicant in an affidavit filed online.

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Chandigarh administration finalises proposal to convert leasehold properties into freehold

The Chandigarh Administration has finalised the draft proposal of converting leasehold properties into freehold in the Industrial area phase I and II.

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Nagpur Improvement Trust's affordable houses to cost Rs 5.75 lakh onwards

NIT chairperson said the cost of affordable flats built by the civic agency ranged from Rs8.25 lakh to Rs11.50 lakh, depending on the location. “The beneficiary will get a subsidy of Rs2.5 lakh under Pradhan Mantri Awas Yojana. Thus, (s)he will have to shell out between Rs5.75 lakh and Rs9 lakh. The area of these flats will be between 307 and 325 square feet

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Visakhapatnam port trust set to lease out land for real estate

The port of Visakhapatnam is waiting for approval from the Greater Visakhapatnam Municipal Corporation to lease some of the lands it owns here for commercial real-estate development

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CCB searches premises of real estate dealer

The CCB identified the real estate dealer as Prabhakar Reddy. Around 40 different cases of cheating had been registered against him over the past seven years.

The Hindu

SBI real estate e-auction on Feb 27, over 1,000 commercial, residential properties on sale; how to participate

State Bank of India is coming up with a real estate e-Auction on Wednesday, February 27, 2019, under which the Mumbai-based bank will be offering more than 1,000 commercial and residential properties for sale.

ET Now News

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