Daily Real Estate News Digest (25th July 2018)

Tata Sons to invest Rs 1,750 crore in realty & infrastructure arm

Tata Sons decided to invest up to Rs 1,800 crore in Tata Advance Systems, Rs 1,750 crore in Tata Realty & Infrastructure, Rs 2,500 crore in Tata Capital, Rs 260 crore in Tata AIG General Insurance, Rs 250 crore in Infiniti Retail and Rs 2,001crore in subsidiary holding company Panatone Finvest, according to documents seen by ET. The investment budget also includes Rs 1,600 crore earmarked for a possible acquisition of IDBI Federal Life Insurance.

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Rajasthan housing board to develop over 2,500 houses on PPP model

After failing to lure the developers earlier, the Rajasthan Housing Board has once again made one more attempt to develop more than 2500 houses on Public Private and Partnership model.

ET Realty

Kanakia Group lease-out 50,000 sq ft office spaces in Mumbai

Kanakia Group has leased out office spaces spread across 50,000 sq ft to TradeBulls, Saba Technologies and KYC Events among others in its commercial project- Kanakia Wall Street.

ET Realty

Bihar govt urged not to register properties sans RERA number

Bihar Real Estate Regulatory Authority has asked the state registration department not to register the property of builders and promoters without their enrolment under Real Estate (Regulation and Development) Act, 2016.

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Illegal buildings in Meerut to be marked, razed soon

The divisional commissioner of Meerut directed the district magistrates and development authority officials in Meerut zone to immediately conduct a survey of illegal buildings and start their demolition.

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Benami properties worth Rs 4,300 crore attached: Government

The Income Tax department has attached benami properties worth Rs 4,300 crore till June 30, the government said

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Ghaziabad development body seals 84 illegal buildings

After a 5 storey building collapsed, the Ghaziabad Development Authority has started sealing the illegal constructions and till Tuesday they have sealed 84 buildings.

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Hyderabad registers 30% jump in housing launches

Hyderabad has witnessed a 30 % increase in the launch of residential units in the second quarter of the calendar year 2018 (April-June) at 4,542 units, compared to 3,506 units recorded in the same quarter in the last calendar year, according to the latest report by PropTiger.com

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