Daily Real Estate News Digest (23rd Nov 2017)

Team Pecan Reams

 

 

 

 

 

 

 

 

 

HDFC MF's new fund eyes affordable hsg

HDFC MF has launched housing opportunities fund to encash on emerging growth opportunities in the affordable housing space. The scheme will be closed on Nov 30.

Times of India

Pay Rs 275 crore by Dec 31, SC to Jaypee

The SC has asked Jaypee Associates to deposit Rs. 275 cr in 2 instalments by Dec 31. The court relief to Jaypee whose earlier plea to deposit Rs. 400 cr was turned down. 

Free Press Journal

Standard Chartered close to selling real estate principal finance unit Actis

StancChart is close to selling its real estate principal finance business to private equity firm Actis. The real estate principal finance business, which is worth about $700 m & mainly spread across India, China, South Korea & Southeast Asia

ET Realty

Builders' body urges govt to lower GST to 6% for realty sector

NAREDCO has urged the govt to lower the GST rate for the real estate sector to 6%, from 12% to boost fresh housing demand. The body also requested the govt to increase abatement for land cost to 50%, from the existing 30%.

ET Realty

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