Daily Real Estate News Digest (22nd November 2019)

MMRDA's Rs 432 crore penalty on Reliance, Raghuleela Builders set aside

The bench observed that MMRDA’s order was “ex-facie unreasonable, unjustified, discriminatory, without jurisdiction and in violation of fundamental rights guaranteed under the Constitution of India.”.

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EFC leases about 1 lakh sq ft space in Gurugram.

The space has a seating capacity of 2,400 seats and the average rent here will be about Rs 6,999 per seat per month.

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GoWork leases 1.25 lakh sq ft office space in NCR.

BlackRock funded co-working operator, GoWork has leased 1.25 lakh sqft office space in Delhi-NCR. The new centers will be located in Gurgaon’s DLF Cyber City and Noida’s Logix TechnoPark and have a 2,000 seating capacity.

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Varde Capital proposes Rs 1,000 crore equity infusion in Altico Capital.

In a day of mixed developments at stressed home financier Altico Capital, one of its three owners proposed to infuse up to Rs 1,000 crore as equity capital.

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Puranik Builders files fresh IPO papers with Sebi to raise Rs 1,000 crore.

​​Realty firm Puranik Builders has filed fresh papers with markets regulator Sebi to raise an estimated Rs 1,000 crore through its initial share-sale.

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Homebuyers' body urges PM Modi to stop proposed amendment to IBC in favour of builders.

With individual homebuyers taking builders to bankruptcy court, rattled real-estate developers from Delhi-NCR are demanding that all consumer complaints first be heard by regulator RERA before insolvency proceedings are initiated.


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