Daily Real Estate News Digest (26th July 2019)

Maharashtra govt may cut premiums to 40% ahead of assembly polls.

In a bid to provide a much needed respite to the realty sector ahead of the assembly election, the state government may soon issue directive to the BMC to reduce the fungible compensatory premium for residential to 40% from 50% and for commercial to 40% from 60% for two years.


Delhi HC stays remittance of Rs 250 crore to Parsvnath over Three C plea.

 Delhi High Court on Tuesday stayed remittance of Rs 250 crore to Parsvnath Rail Land Project (PRLPPL) following an appeal filed by Three C Infra.

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Mumbai collector to acquire 22 buildings that stand in way of Bhendi Bazaar redevelopment.

The landlords and tenants of these buildings were opposed to handing over their property, but the Collectorate is hopeful of acquiring them soon. 

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Maharashtra opposes plea of investors demanding plots in DSK project.

The state prosecution on Wednesday opposed the application of over 40 buyers, demanding possession of plots in a D S Kulkarni Developers Limited’s project at Phursungi.

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Bhutani Infra investing Rs.1200 cr. to build commercial project in Noida.

Realty firm Bhutani Infra is investing Rs 1,200 crore to develop a commercial project in Noida (UP) to tap into the rising demand for office space from corporates and co-working players


ICC chief Shashank Manohar got contentious payment from Amrapali: SC.

 Anil Kumar Sharma, CMD of Amrapali Group of Companies, paid Rs 36 lakh to ICC chairman Shashank Manohar and this falls under the category of misuse of funds paid by homebuyers, said the Supreme Court in its judgement on Amrapali Group.

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