News

Headline: DLF inks pact with Hines for 12-acre Gurgaon plot joint development

This article highlights that realty major DLFNSE 1.51 % has entered a pact with global real estate investment, development and management firm Hines to jointly develop a high-end commercial project on a nearly 12-acre land parcel in Gurgaon’s Udyog Vihar.

Headline: Private equity inflows in real estate at Rs 112 billion; office sector leads investments

This article highlights that private equity fund inflows in real estate increased 9 percent year-on-year in the first three quarters of 2018 and stood at Rs 378.15 billion. The investment volume in the third quarter stood at Rs 112.12 billion, a report by Cushman & Wakefield has said.

Headline: Jogeshwari plot goes back to its owners, reservations lapse

This article highlights that reservation for a hospital, a recreation ground and housing for the dishoused on the controversial Majas plot at Jogeshwari has been deleted. It is the same property over which the municipal commissioner had filed a first information report alleging his remarks in the file to approach the Supreme Court had been tampered with.

Headline: WeWork India leases office area in Bengaluru, Mumbai and Gurugram

This article highlights that the India arm of New York-based collaborative workspace major We-Work has taken on lease about 2.5 lakh sq ft of office space across Bengaluru, Mumbai and Gurugram as it seeks to expand operations, said people aware of the transaction.

Headline: Realty PE inflows in Q3 highest in 11 years

This article highlights that fund inflows from institutional investors reached its peak of Rs 11,212 crore — highest third quarter performance in the past 11 years — indicating the continued momentum in private equity investments in the Indian real estate sector.

Headline: NHAI may go slow on road projects

This article highlights that even as the roads and highways sector is keeping an eye on the bumper round of bids to be floated in the next three months, the first half of the current financial year, however, saw just half a dozen projects being bid out by the National Highways Authority of India (NHAI).

Headline: Real estate investment platforms, JVs raise $6 bn to date for India: JLL

This article highlights that India-focused real estate investment platforms and joint ventures (JVs) have raised $6 billion (Rs 44 billion) till date, says a new study. Of this, $905 million (Rs 66 billion) was raised in the current year till date.

Headline: Mumbai: Public plot worth Rs 600 crore slips into private hands

This article highlights that a 3.4-acre plot in suburban Mumbai meant for public purposes slipped into private hands on Wednesday. Senior government sources blamed unexplained delays by the Shiv Sena-led Brihanmumbai Municipal Corporation (BMC) in the acquisition of the reserved plot for the loss of a public plot.

Headline: HC quashes plan for golf course, towers on Navi Mumbai wetlands

This article highlights that the Bombay high court on Thursday scrapped plans for an 18-hole golf course and a residential colony with 17 towers on a large water body surrounded by mangroves near NRI Seawoods Complex in Nerul off Palm Beach Road in Navi Mumbai

Headline: MahaRERA grants relief to buyers in project with OC

This article highlights that in a U-turn, the MahaRERA intervened in a case of 25 homebuyers and passed judgment in their favour. Usually, the regulatory authority does not accept cases of buildings that have received an occupation certificate (OC).

Headline: Dos and Don’ts of Investing in Indian Real Estate Post RERA

As definite dos, the experts advised to invest in projects that have sound infrastructure around. Also, every investor must do their due diligence rather than going by friends and relative’s advice.

Headline: NRIs Buying Indian Property, And Indians Buying Property Abroad

Most NRIs, regardless of whether they are permanently stationed or well-settled abroad, at some point entertain a fond wish to buy a home in India – if not for themselves, then for their families back home.

Headline: Without nod to cut trees, BDD Chawls redevelopment project may be delayed

This article highlights that work on the Rs 11,744-crore BDD Chawls redevelopment in Worli is set to be delayed over permissions to cut or transplant over 600 trees on the 54-acre plot located in the heart of Mumbai.

Headline: NBFCs facing no major liquidity crisis, says NHB.

They have already disbursed around Rs 9,000 crore and assured that there are no systemic concerns,” a senior government official told ET.

Headline: Good news! MHADA to announce lottery for 1,194 houses in Mumbai before Diwali

MHADA will announce the lottery for 1,194 houses in Mumbai before Diwali. This lottery will include MHADA houses in Sion, Ghatkopar, Goregaon, Parel, and Mulund.

Headline: Mumbai leads data centre business, Bengaluru 2nd Report

This article highlights that Mumbai with 35 operators is the leading destination for establishing a data centre, followed by Bengaluru with 27 and Delhi-NCR with 19, a report said on Tuesday.

Headline: Fifteen more cities will soon have metro network: Housing Minister

Interacting with the members of the Consultative Committee attached to the Housing and Urban Affairs (HUA) Ministry, Puri informed them on HUA’s initiatives on urban transport in India.