Daily Real Estate News Digest (30th August 2018)

Courts foresee deluge of suits for two-way GST in real estate

With the transfer of land development rights through joint agreements coming under the GST, there is a growing anticipation in the realty sector that it would trigger a spate of litigations.

ET Realty

Brookfield plans ‘large’ investments in residential properties

After building a robust commercial real estate portfolio in India, leading global alternative asset manager Brookfield Asset Management Inc. is now betting big on the residential development opportunities here.

ET Realty

Cheer for owners as Karnataka is set to regularise ‘B’ khata properties

In a move that is bound to bring cheer to owners of property with ‘B’ khatas, the Karnataka government is working on a scheme to regularise these properties which come under corporation limits.

ET Realty

BMC loses prime land again, this time 1 lakh sq ft

In yet another loss for the city, the Brihanmumbai Municipal Corporation has lost two open lands in Borivali, reserved for gardens and totaling more than 1 lakh sq.ft.

ET Realty

Sebi to auction 16 properties of four companies in September

Markets regulator Sebi will auction as many as 16 properties of four companies including Golden Life Agro India and Sun Plant Agro next month at a reserve price totaling Rs 9 crore. Properties of Greenworld Agro Industries and Sun Plant Business will also go under the hammer. 

ET Realty

Haryana govt to develop five new cities along KMP Expressway

The Haryana government has decided to develop five new cities along the Kundli-Manesar-Palwal Expressway, Minister for Industries and Commerce Vipul Goel said. To be developed within two kilometers on either side of the expressway, the area would be named 'Panchagram', the minister said, adding, the cities, however, will have different names.

ET Realty

Ahmedabad: Odhav government housing colony residents given evacuation notices

The decision of the Ahmedabad Municipal Corporation (AMC) to issue evacuation notices to residents of the government housing colony near Odhav Gurudwara led to some heated arguments between the civic authorities and residents who refused to accept the notices.

ET Realty

Goa governor gives assent to TCP bill allowing zoning changes

Goa governor Mridula Sinha has given her assent to the controversial Goa Town and Country Planning (Amendment) Bill, 2018, which allows the town and country planning department (TCP) to change lan zoning on individual requests.
 

ET Realty

Architecture students offer low-cost housing solutions

In the backdrop of floods and landslides destroying a large number of houses, architecture students of the National Institute of Technology, Calicut has come forward with free home design solutions to flood-hit families.

ET Realty

Xander firm close to buying Omkar’s upcoming mall for ₹2,300 crore

Xander Group’s retail arm Virtuous Retail South Asia Pte. Ltd is close to buying an upcoming mall in Mumbai from real estate firm Omkar Realtors and Developers Ltd for ₹2,300 crore

Live Mint

Lodha Developers likely to reduce size of its IPO

Realty firm Lodha Developers Ltd is likely to reduce the size of its initial public offering following lukewarm interest from investors

Live Mint

Luxury housing demand likely to remain strong in India

In the evolving Indian real estate market, the demand for luxury houses is getting higher. Luxury realtors have recognized India as one of the world’s most vivacious & diverse markets to explore.

Financial Express

Lodha Developers likely to reduce size of its IPO

Realty firm Lodha Developers Ltd is likely to reduce the size of its initial public offering following lukewarm interest from investors

Live Mint

Alipore govt plot for sale

The state government has decided to sell off a 22-bigha plot on BL Saha Road in New Alipore that was owned by the defunct public-sector EDCL (Eastern Distillery and Chemicals Ltd).

Telegraph India

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