Daily Real Estate News Digest (27th Nov 2017)










SC Summons Amrapali directors, orders opening of portal for refund claims

Amrapali's Centurian Park project in Greater Noida, Whose home buyers had move court in Oct, claiming insolvency proceedings against Amrapali Silicon Valley. According to Amrapali counsel, 90% flats are complete & ready for delivery. The SC has directed amicus curiae to open an online portal for home buyers to register their refund claims. It has also asked Amrapali to deposit 10% of the dues of the Greater Noida Industrial Development Authority before it within 4 weeks to help the authority issue OC & NOC. 

ET Realty

Gurugram builder sells flats without licence, FIR filed

The develop 'Trees Housing' had collected the payment in July & Aug 2012, the license was issued in Dec 2012. The developer had promised possession in 2015. DTCP has registered an FIR against developer for taking payments & booking flats before getting license.   

ET Realty

Ghaziabad Development Authority told to deposit Rs 1,282 crore by Nov 29 for housing scheme

The divisional commissioner has given a conditional nod to GDA to initiate the process of land acquisition for Madhuban Bapudham housing scheme by directing it to deposit Rs.1,282 cr with the administration by Nov 29.

ET Realty

Land parcel in Andhra Pradesh to get unique code 

Using Bhuseva, an integrated platform for land related services, a UID will be given to every land parcel on the lines of Aadhaar cards of citizens Once its implementation crosses 80%, Bhudaar will be made mandatory for all land & property transactions in a phased manner.

ET Realty

Century Real Estate seeks to raise Rs1,000 crore for office projects in Bengaluru

Century Real Estate is building a commercial office portfolio & plans to bring in an equity investor partner to raise around Rs. 1,000 cr. It will develop 7-8 million sq. ft of office projects in Bengaluru.


DLF becomes LEED certified provider of green commercial space

DLF's 31 office bldgs across major cities & a shopping mall at Noida have LEED certification, becoming a leading provider of green commercial space.

Money Control

Sale of 250 properties at Mumbai expo brings in Rs400 crore

MCHI-CREDAI realty exhibition generated approximately Rs400 cr from the sale of 225-250 apartments. Studio, 1BHK, 2BHK houses accounted for 60% of the sale, 3BHK & onwards for 30%, while the contribution of bungalows & apartments in Gujarat & UP was 10%. The prices were in the range of Rs. 11 lakh on the outskirts of the city to Rs. 1.50 cr in Mumbai

Hindustan Times

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