Daily Real Estate News Digest (23rd July 2019)

NHB asks HFCs to desist from home loans involving pre-EMI by builders.

The direction has been issued by the NHB in view of several complaints of frauds allegedly committed by certain builders using subvention schemes.

ET Realty

Assotech Realty leases 1.5 lakh sq ft office space to IndiaMART.

 Assotech Realty has given on lease 1.5 lakh sq ft of prime office space to IndiaMART InterMesh Ltd in its commercial project in Noida, Uttar Pradesh, at an annual rent of over Rs 7 crore.

ET Realty

Will pay creditors entire outstanding amount; complete pending projects in three years: Jaypee.

Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three years. 

ET Realty

Real estate developers demand affordable land to push affordable housing in Metros, Tier-1 cities.

The low rate of affordable project launch is mainly because the demand for these houses is in major cities and buyers are least interested in going for these houses in peripheral areas.


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