Daily Real Estate News Digest (24th September 2019)

Prestige Estates to invest Rs 350 crore on commercial project in Pune.

Bengaluru-based realty firm Prestige Estates Projects will invest about Rs 350 crore to develop a commercial project in Pune.

ET Realty

Tiger Global, General Atlantic eye $130-million round in NoBroker.

Private equity investors Tiger Global and General Atlantic are set to lead a $100-130 million funding round in real estate platform NoBroker, more than doubling its valuation in three months to $400 million.

ET Realty

Altico cap promotors, investors differ on fresh fund infusion .

Negotiations between the promoters of Altico Capital, lenders and investors are locked in a stalemate as a demand to raise promoters’ equity into the foreign fund-backed non-banking finance company (NBFC) is gaining ground to meet immediate debt obligations.


Bombay HC orders police to present FIR filed in SRA scam before the high-power committee.

The 2016 case pertains to alleged cheating and forgery in which the number of tenancies was inflated.

ET Realty

NCLAT reserves orders in Raheja Developer's insolvency case.

NCLAT allowed Raheja to negotiate the matter with home buyers to reach any settlement.

ET Realty

NCLT initiates insolvency proceedings against IVR Prime IT SEZ.

Nupur Finvest, a non-banking financial company, pleaded that they have given two loans worth Rs 3.02 crore to IVR Prime IT SEZ which had to be repaid in 24 months instalments along with an interest at Rs 17.50 per annum.

ET Realty

Leave a Reply

Your email address will not be published. Required fields are marked *