Daily Real Estate News Digest (6th January 2020)

Supertech seeks Rs 1,500 cr from stress fund to complete 12 housing projects

 Realty firm Supertech said it has sought Rs 1,500 crore from the government''s newly created stress fund to complete its 12 ongoing housing projects at Noida and Greater Noida in Uttar Pradesh.

Outlook

Claims worth ₹4,800 cr admitted from fixed deposit holders of debt-laden DHFL

The Reserve Bank-appointed administrator of beleaguered Dewan Housing Finance Limited (DHFL) has admitted close to ₹4,800 crore of claims submitted by fixed deposit holders of the company. With this, the total amount of claims received by the company's administrator has touched approximately ₹93,105 cr.

Livemint

Realty bodies push to change affordable housing definition

 With Finance Minister Nirmala Sitharaman set to present the Union Budget 2020-21 in Febuary, real estate chambers have sought dilution in the definition of the affordable housing, so that more properties could come under its ambit and avail the benefits.

Outlook


BSNL has identified properties worth over Rs 20,000 crore for monetisation: CMD

State-owned Bharat Sanchar Nigam Ltd has submitted details of 14 properties worth Rs 20,160 crore to the Department of Investment and Public Asset Management (DIPAM) as part of the telecom corporations' ambitious asset monetisation plans.

ET Realty

EOW-Delhi files 13 FIRs against builders in land pooling scam

​As many as 13 FIRs have been lodged by the Delhi Police's Economic Offences Wing (EOW) against the builders, accused of cheating innocent home buyers under the garb of 'Land Pooling Policy' of the Delhi Development Authority.

ET Realty

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