Daily Real Estate News Digest (3rd July 2019)

NBFCs delink themselves from housing finance companies

Representatives of the NBFC sector from various finance groups in a joint press conference under the aegis of Finance Industry Development Council (FIDC) on Tuesday said that the solvency issues faced by some institutions were being hyped as a liquidity issue.

ET Realty

Radius Developers say cleared interest payments to Yes Bank.

A Radius Group spokesperson had earlier told ET that the company will be paying the interest component of Rs 30 crore to Yes Bank on July 5. It later responded on July 2 that the payment has been made.

ET Realty

DHFL crisis: Bankers to sign inter-creditor agreement.

The lenders are trying to rescue DHFL with outstanding debt of over Rs 1 lakh crore and prevent a default. 

ET Realty

Banks follow RBI cut, lending rates inch downward.

Among other lenders, Punjab National Bank (PNB) and Central Bank of India have brought down their MCLR by 5 bps across tenures.

ET Realty

ADIA-backed Lake Shore, Reach properties tie-up to develop Gurugram retail project.

The fund will invest in 1.1 m sq ft of retail space that is being developed in two phases on a 13.5-acre land parcel in Gurugram.

ET Realty

Jaypee lenders slammed for ‘back door’ talks with Adani.

Adani group had submitted a non-binding proposal to lenders of Jaypee Infrastructure, offering to infuse Rs 1,700 crore in fresh equity and begin delivery of flats to homebuyers within nine months.

ET Realty

Mumbai: 200 families evacuated as Shapoorji Pallonji's neighbouring project site caves in.

Residents from 4 buildings in Andheri were shifted after road went 25 feet under.

ET Realty

Anuj Puri launches new housing brokerage firm Trespect; to invest Rs.225 Cr. in 18 months.

Two years after forming his own venture Anarock, real estate veteran Anuj Puri Tuesday launched a new housing brokerage firm Trespect and announced an investment of Rs 225 crore by the end of next year to grow this business.


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