Daily Real Estate News Digest (28th August 2018)

Will rope in builders, industry bodies to finish delayed projects in Gurugram: H-RERA chief

The Haryana Rera will devise a mechanism to rope in developers and industry bodies to complete realty projects which have been pending for years.

ET Realty

Hyderabad sees surge in residential real estate activity: Study

Hyderabad is experiencing a phenomenal spurt in residential real estate activity with appreciating capital values and increase in retail and office space absorption during 2014-18.

ET Realty

DLF seeks strategic partner to develop 12-acre plot in Gurugram

DLF is looking to rope in a strategic partner to undertake joint development of its nearly 12-acre Gurugram land parcel that it had acquired for nearly Rs 1,500 crore and is currently in talks with private equity firms with exposure to the National Capital Region (NCR) for the same

ET Realty

Huda to e-auction 29 commercial sites in Panchkula on Aug 29

Haryana Urban Development Authority would e-auction 29 commercial sites in eight sectors of the city on August 30. Officials said small booths, booths, SCOs and built-up booths would be up for offer.

ET Realty

MMRDA assesses how much salt pan land can be used for housing

The MMRDA will carry out the exercise of superimposing the new Coastal Regulatory Zone Maps on the maps of salt pan lands. The objective is to find out how much land from salt pans can be used for affordable housing projects of the state government.

ET Realty

Flat owner cannot recover house repair cost from society: Bombay HC

A flat owner cannot recover cost of repairs to his flat from the society, the Bombay high court has said.

ET Realty

SHRI group to invest Rs 600 crore on new affordable housing project in Greater Noida

SHRI group has decided to develop its third housing project in Greater Noida where the realty firm will develop 2,000 units at an investment of around Rs 600 crore. The company, which has executed about dozen projects in the Mathura region and Greater Noida (West), will sell flats in a price range of Rs 18-35 lakh in this 8-acre project

Economic Times

Mum, NCR have most delayed realty projects

Delayed projects have plunged the real estate industry into a lull with the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) together accounting for stalled housing projects worth Rs 3.6 lakh crore, more than 78% of the total delayed projects in the country in terms of value, according to a report released by realty consultant Anarock.

Times of India

'Housing units worth Rs 4.64 lakh cr delayed in 7 top cities despite RERA implementation'

Nearly 5.76 lakh housing units worth Rs 4,64,300 crore are delayed in seven major cities of the country despite implementation of the new real estate law RERA, according to property consultant ANAROCK.

Business Line

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