Daily Real Estate News Digest (31st October 2019)

HERE Technologies, IndiaFirst Life Insurance, others lease 6.3 lakh sq ft space in Mumbai.

HERE Technologies, IndiaFirst Life Insurance and others have leased 6.3 lakh sq ft space in Nesco Tower 4 in Goregaon East, Mumbai.

ET Realty

Homebuyers' lobby objects to MahaRERA's decision to register builders as SROs.

In a letter to MahaRERA, the Forum for People’s Collective Efforts (FPCE) said the Real Estate (Regulation and Development) Act, 2016 (RERA) does not provide any provision to set up or register SROs of real estate developers.

ET Realty

Shapoorji to ramp up mid-income housing business.

The real estate arm of Shapoorji Pallonji group plans to acquire multiple land parcels for its Joyville mid-market housing brand while monetizing non-core land.

Livemint


Former Motilal Oswal exec’s investment firm buys stake in Akme Star Housing.

An investment firm floated by a former chief executive of Motilal Oswal Group’s housing finance arm has acquired a minority stake in Mumbai-listed Akme Star Housing Finance Ltd.

VCC

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