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.”.

ET Realty

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.

ET Realty

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.

ET Realty


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.

ET Realty

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.

ET Realty

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.

Moneycontrol

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