Daily Real Estate News Digest (22nd July 2019)

Maharashtra plans dual rent control laws

It will adopt the Centre’s Model Rent Act, but continue protection to old properties under its own law.

ET Realty

Pune: Over 300 plots for 5,100 farmers in Mann-Mhalunge town planning scheme.

Nearly 5,100 farmers will be given 315 plots in the model town planning scheme announced by the state government at the Magnetic Maharashtra meet last year.

ET Realty

Mumbai: SBUT's plan to swap Bhendi Bazaar plot with BMC for cluster redevelopment stalled.

Corporators at the improvements committee meeting on Saturday stalled a Saifee Burhani Upliftment Trust (SBUT) proposal to exchange plots in Bhendi Bazaar with BMC for its cluster redevelopment project. They said that the deal would not be beneficial for BMC, and a site visit was needed. 

ET Realty

Investcorp closes maiden India PE fund at ₹1,000 cr.

Investcorp entered India earlier this year, when it acquired the PE, realty unit of IDFC.


Bengaluru’s office developers now want a pan-India portfolio.

Many office firms are exploring the joint development route by tying up with landowners and developers.


IFCI amis to mobilised up tp Rs.2,000 Cr from the sale of non core assets this fiscal.

The country's oldest public sector financial institution IFCI expects to mobilise Rs 1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange (NSE), during the current fiscal to fund business growth.



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