Daily Real Estate News Digest (29th January 2019)

Moody's affirms Lodha Developers’ B2 rating; Changes outlook to stable from positive

Moody's Investors Service has affirmed the B2 corporate family rating of Lodha Developers Ltd. It has also affirmed the B2 rating of the US dollar-denominated bonds issued by Lodha Developers International Limited and guaranteed by Lodha Developers.

ET Realty

Gurugram civic body to take over eight private colonies by January-end

The chief minister directed the urban local bodies department to take over the eight colonies and asked the department of town and country planning to recover the money as mentioned in the detailed project report from the developers concerned.

ET Realty

Pune civic body to provide homes for 165 families from Ghorpadi

The civic body has finally come up with an accommodation option for over 165 families from Ghorpadi, who were displaced following an anti-encroachment drive on the railway land. 

ET Realty

Kerala-based Sreeniketana Logistics diversifies into renting ready-to-move-in work spaces

The Kerala-based Sreeniketana Logistics has diversified into renting out ready-to-move-in workspaces in the state.

ET Realty

Hubballi-Dharwad civic body mulls making CCTV mandatory in properties

Following the increase in crime rate, the Hubballi-Dharwad Municipal Corporation is mulling changing building bylaws under which owners of property having more than 2,400 sq ft, apartments and commercial complexes must install CCTV cameras.

ET Realty

No power connection to erring developers in green belt of Bareilly: BDA

Tightening noose around developers involved in unauthorized constructions in Bara Bypass green belt area on the city outskirts, the Bareilly Development Authority has decided to collaborate with the power department in order to deprive them legitimate electricity connections for their premises.

ET Realty

Nine years later, Nagpur civic body to restart taking over Gunthewari layouts from NIT

Keeping aside a nine-year-old dispute, Nagpur Municipal Corporation plans to restart taking over unauthorized layouts regularized under the Gunthewari Act from Nagpur Improvement Trust.

ET Realty

MahaRERA to auction Kambar Constructions' assets in February

The first-ever auction of a property to recover money from a developer who defied Maharashtra Real Estate Regulatory Authority’s refund orders will finally happen next month in Ambivali near Kalyan 

ET Realty

RERA freezes bank accounts of real estate company

The Real Estate Regulatory Authority ordered freezing of bank accounts of Patligram Builders Pvt Ltd for failing to submit the annual accounts and details of bank accounts for last three years.

Times of India

Realty firm SPR Group signs Rs 5,500 cr MoU with Tamil Nadu at GIM 2019

SPR Group has signed a MoU with the Government of Tamil Nadu at the Global Investors Meet 2019 to invest Rs 5,500 crore over the next seven years in a number of projects across Chennai, including an integrated township spread across 65 acres at Binny Mills, near Perambur.

Business Standard

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