Daily Real Estate News Digest (6th September 2019)

WeWork to lease 1 million sq ft in Hyderabad.

WeWork India is in the process of taking up around 1 million sq ft of office space in Hyderabad. The facilities will be spread across four locations in Hyderabad, including the IT hub of Gachibowli.

ET Realty

MahaRERA says MoU proof enough for ownership.

Though two homebuyers had only a Memorandum of Understanding (MoU) as evidence that they invested in a flat in an Oshiwara highrise, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that it is proof enough of ownership and directed the developer to refund Rs 82.95 lakh with 10.75 per cent interest from 2012.

ET Realty

Noida authority asks Unitech to clear Rs 2,734 crore dues in 15 days.

The Noida Authority has asked realtor Unitech to clear its Rs 2,743.29 crore dues within 15 days against the land allocated to it for group housing projects or face cancellation of the allotments. 

ET Realty

Birla Estates enters Bengaluru market with two projects.

Birla Estates Pvt. Ltd, part of BK Birla Group, has entered the Bengaluru property market with two projects, as the Mumbai-based firm forges ahead to create a pan-India portfolio mainly through the joint development route, with a focus on premium housing.


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