Daily Real Estate News Digest (9th August 2019)

DHFL says it may not be able to fulfill immediate debt payments.

This comes days after the company said its creditors would not have to take any haircut on principal payments under its resolution plan.

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Tata Group's Taj Hotel chain to sell assets as economy weakens.

Indian Hotels plans to dispose of certain budget inns in the nation’s non-metro areas.

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Maharashtra urban department to merge Nagpur civic body and NIT.

The state’s urban development department has reportedly finalized process to merge Nagpur Improvement Trust with the Nagpur Municipal Corporation . 

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Baker Hughes leases 150 seats in Skootr's co-working space in Gurugram.

Baker Hughes, a GE company, has leased 150 seats in Skootr's co-working space situated in DLF Square, Gurugram.

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Retailers look for rental relief as slowdown bites.

With consumer sentiment at a low and sales sluggish, retailers are looking at renegotiating rentals as part of their cost-cutting measures.

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NBFC Altico to diversify into housing finance business.

Altico is in talks with a few housing finance companies, including Reliance Home Finance, and the due diligence process will start for the latter.


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