Daily Real Estate News Digest (27th Dec 2017)










Jaypee aims to deliver over 5,100 flats, plots by March 2018

The fear of liquidation has prompted Jaypee to expedite deliveries of its apartments, in a bid to rescue itself from ongoing tussle from homebuyers & lenders.

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Bombay HC rejects Oscar Builders' petition, says a party can't seek same relief thrice

The Bombay HC has dismissed a petition by Oscar Builders for seeking the demolition of alleged illegal construction in Oscar Towers in Mumbai Central questioning why the petitioner was "in slumber" for 12 yrs & sought the same relief given to him in 2004.

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Maharashtra to maintain status quo on ready reckoner rates

The state govt is planning to keep the ready reckoner rates stable in 2018 & not reduce them. Due to slump in the market, the ready reckoner rates are higher than the actual market rates at some places.  

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DLF promoters conclude nearly Rs 9000-crore deal with GIC

DLF promoters have concluded the sale of 33.34% stake in its rental arm to GIC for nearly Rs.9000cr. DLF will use the funds to reduce net debt.

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