Daily Real Estate News Digest (27th December 2019)

NAREDCO suggests one-time roll over of realty loans

As recent measures by the government to revive the realty sector have so far not yielded results, the National Real Estate Development Council (NAREDCO) has asked the government to provide a one-time roll over or restructuring of loans taken by developers, among other suggestions.

Outlook

Haryana-RERA sends notices to Orris & Ansal Properties for not registering projects

The real estate watchdog has also warned them that they would be fined Rs 75 crore and Rs 106 crore respectively for not getting projects registered with the regulatory authority.

ET Realty

Aldar Properties gains prime land in swap deal with Abu Dhabi government

Aldar will receive land split equally between the prime areas of Saadiyat Cultural District and Mina Zayed, one of United Arab Emirates' bigger ports. In return, the government will receive land in al-Raha Beach West, Lulu Island and plots inside Abu Dhabi island that Aldar held but which were not part of its development strategy in the foreseeable future.

ET Realty

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