Daily Real Estate News Digest (26th June 2019)

Mumbai: Japanese MNC bids Rs 2,238 crore for three-acre BKC plot

It works out to around Rs 745 crore per acre, which is perhaps the largest land deal in the country per acre.

ET Realty

Suraksha ARC and JM Financial invest Rs 2,000 crore in Unitech.

Real estate investment company Unitech group secured a Rs 2,000-crore investment from two asset reconstruction companies to complete pending projects and is scouting for more investors for additional funding as the date set by the Supreme Court to deposit money nears in July.

ET Realty

JM Financial to buy significant minority stake in Coimbatore’s Isthara Parks.

The funds are committed from JM Financial India Fund II and Isthara will use the funds for expansion to other cities in the country. 

ET Realty

Mumbai: Piramal Capital & Housing Finance looks to raise $400 million via offshore loan.

Under the current circumstances, any Indian company with a fair share of builder loans has to walk the extra mile to raise overseas credit.

ET Realty

Shapoorji Pallonji, Hines tie up for premium Bengaluru project.

The total investment by the joint venture partners for the development of these new phases will be around Rs 425 crore.

ET Realty

Developers put foreign projects on hold amid crisis at home.

Indian developers who chased the projects in foreign locales in the go-go years of real estate are exiting them or putting their plans on hold, as they focus on the home market.

Livemint

Godrej Properties aims to raise ₹2,100 crore via QIP.

If Godrej Properties raises the money, it will make 2019 one of the best years for realty fundraising.

Livemint

Housing colonies can now be built on 25 acres, say revised norms.

The Haryana Cabinet on Tuesday revised the norms to allow construction of housing and commercial projects on smaller land parcels. 

HT

Centre plans to set up common online platform for RERA of all states.

Goverment is working to introduce a common platform where RERA of all states and Union Territories (UTs) can exchange their views. With this, RERA will be more strong. 

ET Realty

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