Daily Real Estate News Digest (9th October 2019)

Piramal's real estate financing arms to raise Rs 2,400-crore debt.

Piramal Capital and Housing Finance (PCHF) and PHL Fininvest Pvt Ltd (PHLF) will issue Pass Through Certificates (PTCs) offering 10.50 per cent through a special purpose vehicle called ‘Master Trust 2019 Series I’.

ET Realty

Air India to redevelop Vasant Vihar colony for Rs 4,500 crore debt cut.

It plans to build multiple 14-storey buildings for 1,700 flats, along with 960 flats for the economically weaker sections.

ET Realty

HDIL's owner Rakesh Wadhawan linked to Rudra Buildwell fraud case.

The case relates to a complaint by 50 flat buyers who alleged that they booked flats in a real estate project in Ghaziabad's Indirapuram in 2011 but it did not take off.

ET Realty


Over 400 realtors went under insolvency process by June 2019.

Out of the 421 cases, 257 are ongoing while the remaining have been closed, which means these have been dissolved, withdrawn, or the firms faced liquidation.

ET Realty

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