Daily Real Estate News Digest (25th September 2019)

Virtuous Retail acquires three malls for $500 mn.

With the latest acquisitions, Virtuous Retail will own and operate around 11 million sq.ft of retail space in India. While one acquisition will mark the entry in one of the four metros, the two others are located in the 12 top cities in India.

Livemint

The mess at Yes Bank.

Altico Capital's default could put more pressure on the bank's balance sheet and lead to greater scrutiny.

Forbes India

As technology takes centre stage in real estate, PropTech start-ups to be next rage by 2030.

PropTech seeks to transform the Indian real estate sector by developing the best technology solutions for the real estate industry. PropTech start-ups is the new sustainable ecosystem for India.

Financial Express


Real estate moving towards smaller homes across India.

The liquidity crisis in the real estate industry, strict sanctioning of loans by banks and customers’ preference for affordable homes have resulted in developers offering smaller homes in major cities across India.

HT

Gujarat government hikes FSI to boost realty sector.

​Prominent among the measures were raising Floor Space Index (FSI) and special approval for constructing "Iconic buildings" in four cities.

ET Realty

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