Daily Real Estate News Digest (26th November 2019)

CPPIB, Mitsui Fudosan plans to invest Rs 3,000 crore in RMZ office parks

Mitsui, whose investment will be made through its real estate arm Mitsui Fudosan, and CPPIB are looking to pick up equity stake of about 12.5% each in the near 12-million sq ft portfolio which is spread across Bengaluru, Chennai and Hyderabad. Both the companies are looking to invest similar amounts — in the range of Rs 1,200-1,500 crore.

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Despite demonetisation and RERA, builders still asking for cash

When asked about the mode of payment for any realty transaction undertaken by respondents over the last one year, 57% said they paid 25-50% in cash and rest via e-payment or cheque.

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DLF to invest Rs 1,500 crore in over 3 million sq ft office space in Gurugram

Realty major DLF's arm will invest around Rs 1,500 crore in the next two years on construction of over 3 million sq ft office space in Gurugram, Haryana to tap into growing demand for commercial properties from corporates and co-working players.

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Sabarmati Riverfront ropes in JLL for monetisation of land parcel

Under the deal, 15 mn sq ft of the 200 hectares riverfront project is to be monetised; entire value of the land parcel pegged at Rs 3,500 cr.

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DMI Alternatives to invest Rs.100 Cr with Vista Spaces

​Delhi-based DMI Alternatives, an associate company of DMI Finance, has entered into a partnership with Bengaluru-based real estate developer Vista Spaces to acquire and develop greenfield commercial and residential projects in Bengaluru. An investment of Rs 100 crore has been committed.


Companies renewing office leases ahead of expiry to cap costs

Robust demand for Indian commercial real estate and rising rentals are pushing companies to renew lease deals ahead of expiry, as they seek to future-proof their businesses against cost escalation.


Thane (West) tops, Greater Noida takes biggest knock in home sales

Thane (West) topped the charts among all micro-markets in India in home sales, with 7,755 housing units changing hands in the 12 months ended 30 September.


DHFL's total loan portfolio stands at Rs 95,615 crore: Government

The Regional Director (Western Region) has conducted an Inspection of DHFL and submitted the inspection report to the Ministry. 

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Forensic auditors to investigate Altico Capital's books

Forensic auditors have been asked to investigate Altico Capital’s books after the troubled real estate financier defaulted on its payment obligations and was reported to the Central Repository of Information on Large Credits (CRILIC), a data base capturing payment behaviour of large borrowers.

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