Daily Real Estate News Digest (31st October 2018)

Mapletree bid highest for Chennai IT park

Mapletree Investment, a Temasek owned real estate asset manager, has emerged as the highest bidder to acquire IT park SP Infocity in Chennai, in what would be the largest-ever single realty asset transaction in India. 

ET Realty

CID to submit two more chargesheets against Dreamz Infra's founders

The Criminal Investigation Department will file two more charge sheets against the founders of Dreamz Infra GK Pvt Ltd for alleged involvement in irregularities committed by TGS Construction Pvt Ltd and Gruha Kalyan.

ET Realty

Saha Groupe to invest Rs 160 crore for housing project in Noida

Realty firm Saha Groupe will invest about Rs 160 crore on construction of its new housing project in Noida on 6.25-acre land that the company bought from another real estate company Logix.

ET Realty

Madras HC reserves order on land acquisition act amendments

The Madras High Court Monday reserved its order on pleas challenging the amendments made by the Tamil Nadu government to its Land Acquisition Act, bypassing the Central one enacted in 2013. The amendments, enabling acquisition of lands for certain purposes under the state Act, were brought in by a government order dated January 21, 2014.

ET Realty

Indiabulls Real Estate buys 140 acre land in Gurugram

Indiabulls Real Estate said it will acquire 140-acre land at Manesar in Gurugram to develop an integrated township and commercial building.

ET Realty

Flexible office operator BHIVE forays into office renting business

Flexible office operator, BHIVE has ventured into renting of commercial office space through zero renting model.

ET Realty

I-T conducts raids at Peram Group's offices in Andhra Pradesh & Telangana

Income tax department sleuths conducted searches on real estate company Peram group on Tuesday in Hyderabad, Vishakapatnam, Tirupati and Bengaluru.

ET Realty

RERA meet moots panels to take up old cases

During a recent meeting convened by the Goa Real Estate Regulatory Authority, it was decided that taluka-level committees will be formed to resolve long-pending cases of property buyers against builders.

Times of India

Two directors of realty firm held for fraud

Dadar police have arrested Minal Umrania and Vaishali Savalkar, directors of Real Buildcon and Infrastructure Ltd., which allegedly floated a bogus residential scheme for the middle-income group, forged loan documents and availed Rs 13.5-crore loan from a finance company.

Times of India

Marvel Realtors face hard times as their buyers seek refunds

Buyers have complained to NCDRC and MahaRERA as the developer has failed to deliver their houses; the group has been ordered to repay along with interest

Mumbai Mirror

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