Daily Real Estate News Digest (9th July 2019)

Uber may lease 7,00,000 sq ft office space in Bengaluru

 Uber is in talks to take on lease about 700,000 sq ft office space in Bengaluru to set up its biggest hub in the country.

ET Realty

Co-living startup, Homigo accused untraced, pace of probe irks tenants.

It has been more than three months since the three cofounders of Bengaluru-based startup Homigo — which left hundreds of tenants facing eviction notices — have evaded arrest.

ET Realty

Deutsche Bank faces an uncertain future, may exit India equities biz too.

Deutsche Equities India (DEIPL), the domestic investment banking and equities trading arm of Deutsche Bank, faces an uncertain future. 

Business Standard

Primary markets emerge as major fund-raising source for realty firms.

As of June, the developers raised about Rs 10,023 crore from the primary markets through two qualified institutional placements (QIPs) and a real estate investment trust (REIT) initial public offering (IPO), marking an eightfold increase over 2018 and the most in the past decade.


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