Daily Real Estate News Digest (9th April 2019)

Eccosphere plans to invest Rs 12 crore in next six months.

The company plans to open four new centres in NCR by 2019-end all of which will be based on revenue-share model.

ET Realty

Salarpuria Sattva partners with Colive with a USD 9.2 million Series A funding.

Colive plans to expand its presence in Hyderabad, Mumbai and Pune. “We plan to invest in the build-to suit model inventory for co-living purposes,” said Suresh Rangarajan, Founder & CEO – Colive.

ET Realty

Hyderabad development body auctions 36 plots for Rs 199 crore.

While the minimum bid amount was Rs 57,000 per sq yard, this particular plot was the highest-ever rate the Hyderabad Metropolitan Development Authority fetched in land auctions held in eastern part of the city.. 

ET Realty

CAG raps I-T dept for spending Rs 1,000 cr on rent despite having own land.

The income-tax department, grappling with tax slippages, seems to be also lagging when it comes to optimum utilisation of its own assets.

Business Standard

Singapore govt sells 6.8 cr shares of DLF for Rs 1,298 cr.

Singapore government held around 7.32 crore shares in DLF as on December 31, 2018. These shares were worth 4.11 per cent stake in the realty company.

DNA

Air India puts up 22 flats worth Rs 240.11 crore in Mumbai for sale.

Located at Bandra, Cuffe Parade, Prabhadevi, Mahim, and Khar, these properties will be auctioned on April 26.

DNA

5 companies firming up plans to raise $10 billion via REITs

his includes marquee names such as Brookfield, RMZ Group, Godrej Properties and Panchshil Realty. K Raheja Corp is also said to be closely monitoring the REIT platform for a debut by the end of FY21 .

ET

HC quashes land acquisition process for Chennai-Salem greenfield corridor.

The bench observed that the project would have adverse effect on environment and water bodies and it needed a mega realignment.

Et Realty

GVK dials NIIF, ADIA to raise funds for Mumbai airport.

Infrastructure company GVK is in talks with the National Investment and Infrastructure Fund and Abu Dhabi Investment Authority to raise Rs 6,500 crore to counter Adani Group’s bid to buy a stake in Mumbai International Airport Ltd .

VCCircle

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