Daily Real Estate News Digest (8th June 2019)

MRG World to invest Rs 200 crore in Gurugram project.

Rajat Goel, joint managing director of the company said “The entire investment would be met through internal accruals and customer advances."

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Ahmedabad civic body blacklists MV Omni over time unfinished PMAY project.

According to the contract, the company was assigned to construct 1,456 houses near ICB Flora in Gota. The houses were to be constructed under Phase 3, Package 7 (672 houses) and 8 (784 houses).

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BMC panel nod for Mankhurd metro PAP rehabilitation in Tilak Garden.

The MMRDA, which is executing the Metro project, had told the BMC that after constructing two Metro pillars on the building plots, the "leftover space" could be used as open space in lieu of surrendering a portion of the garden. 

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Satellite imagery identifies illegal buildings in Pune region.

The pilot test for approximately 228km area spread across Chakan, Talegaon, Shikrapur and Ranjangaon has helped identify nearly 300 structures which, after validation, have been found to be illegal.

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Delhi Police lodges FIR against realtor, officials for alleged cheating.

The Delhi Police has lodged an FIR against realtor Arena Superstructures Pvt Ltd, its managing director and others on a complaint of alleged cheating and criminal conspiracy.



ANZ and Embassy office parks Collaborate to Boost Primary Education by Constructing an English Medium Government School. 

ANZ, one of world’s largest multi-national banks, and Embassy Office Parks, India’s first and only listed REIT, have come together to support primary education among local communities in the vicinity of their workplaces.

Business Wire

Developers with financial muscle buying up stalled projects.

Medium-sized property developers are selling out to more credit-worthy developers in the face of stiff regulatory norms.


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