Daily Real Estate News Digest (26th July 2018)

Awfis Space raises $20 million in series C funding

Awfis Space Solutions, India’s largest home-grown co-working spaces provider, has raised $20 million in series C funding from its existing investors global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office led by Radha Kapoor and Temasek Group company InnoVen Capital.

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India office realty market clocks six year high leasing in January-June: Report

Indian office property market clocked the highest half-yearly leasing transaction volume in 6 years with 21 million sq ft of space leased across seven major cities in the country in the first half of 2018. The segment showed a robust growth at 13% on-year, said a recent report by Knight Frank India.

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Affordable houses too few in Noida region, poor opt for unauthorised colonies

The lack of affordable housing in the twin cities is one of the primary reasons for many people opting for unauthorised apartments in villages like Shahberi.

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Development plan for seven Haryana cities, towns gets nod

A state-level committee of the town and country planning department in its meeting accorded approval to draft development plans of seven towns and cities — Badsa, Jhajjar, Kalanaur, Rohtak, Nuh, Israna and Madlauda.

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Uttarakhand received Rs 22 crore for Dehradun smart city project: Housing minister

 According to a reply given by Union housing and urban affairs minister, Uttarakhand government has received Rs 22 crore under the central government smart city project for Dehradun but no project plan or tender has been issued for the project yet.

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Blackstone, KKR, JM bid for EIH-run hotels in Hyderabad

Marquee investors Blackstone, KKR and JM Financial Asset Reconstruction Company have placed firm offers to acquire the bankrupt Golden Jubilee Hotels, operator of the Trident in Hyderabad.

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Real estate prices dip 9%: report

New residential projects have made a comeback in Mumbai in the January-June period, and despite a 9% decline in real estate prices, sales remained stagnant, Knight Frank India said in its half-yearly report. In commercial realty, lack of quality office space restricted growth in transactions during the six months, it said.

The Hindu

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