Daily Real Estate News Digest (27th April 2018)

Govt to soon acquire RBI's stake in National Housing Bank

The government will soon acquire the stake of RBI in housing finance regulator NHB. The financial bill 2018 has amended to national Housing Bank Act, 1987, for transferring RBI's stake in the NHB to the government.

ET Realty

Haryana RERA issues show cause notice to Emaar MGF

Emaar MGF has issued a show-cause notice for not responding to the authority's March 28 notice and appearing before H-Rera within the stipulated time. And Blackberry Realcon has penalised Rs 10 lakh has it has failed to register its project. 

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Lodha files IPO papers, looks to raise over Rs 5,000 crore

The Lodha Group is looking to raise more than Rs 5,000 crore through an IPO. Rs 3,750 crore will be raised through the issuance of fresh shares, while the balance will come in through offer for sale.

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L&T Housing Finance increases its prime lending rate by 15 bps

L&T Housing Finance has increased the prime lending rate by 15 bps to 17.50% for all eligible loans.

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