Daily Real Estate News Digest (24th June 2019)

Maharashtra government gets railway land for Dharavi project.

The state government had acquired 45 acres of land from the Railways for Rs 800 crore for the Dharavi redevelopment project.

ET Realty

Bring down construction cap in red zone to 600 yards in Maval.

Red zone is an area around defence plots like ordnance factories, where construction is not allowed. Areas around Dehu Road and parts of Talawade have been facing issues due to the limitations in red zones.

ET Realty

CCD founder hits pause on sale of real estate venture.

Siddhartha defers plans to sell Tanglin Developments to Blackstone for ₹2,700-2,800 crore. 

Livemint

Home finance firms sell mortgaged assets as liquidity crunch deepens.

Housing finance companies are selling or auctioning the marquee assets mortgaged by borrowers as liquidity crunch is deepening in sectors such as non-banking financial institution (NBFC) and real estate.

Business Standard

Actor Tamannaah Bhatia buys flat at 80,778 per sqft, breaks record.

This is more than two times the ongoing rate in the area. She has bought the apartment from builder Sameer Bhojwani.

DNA

Student housing segment catching the fancy of global funds & builders.


Global funds and local developers such as Warburg Pincus, Sequoia Capital, Goldman Sachs and Shearwater Ventures are either invested or has firmed up plans to invest in this space.

ET Realty

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