Real Estate News Update for August 16

Welcome to the latest edition of?ETRealty's daily newsletter,?RealtyDigest!?Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate. Subscribe and Stay Tuned for daily updates!

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RERA

MahaRERA asks realty developers to set up redressal cells for homebuyers’ issues

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked realty developers to set up grievance redressal cells to address complaints of their homebuyers.

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Industry

Hyderabad development body to auction 26 plots in many parts of city on Aug 18

HYDERABAD: Continuing the sale of open plots, especially in the western part, the Hyderabad Metropolitan Development Authority (HMDA) has decided to conduct land auctions for stray bits in various areas of the city. The auctions will be conducted on August 18.

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Infrastructure

Noida authority to set up a special cell to check illegal constructions

NOIDA: The Noida Authority board has approved forming a dedicated enforcement cell under the planning wing to check unauthorised constructions by residents and developers violating approved layouts.

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international

WeWork sounds the alarm, prompting speculation around the company's future

NEW YORK: WeWork has sounded the alarm on its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.

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Residential

Government to soon launch scheme for those who want to own house in cities: PM

NEW DELHI: Prime Minister Narendra Modi on Tuesday said the government will soon launch a scheme to provide relief in interest of bank loans to those dreaming of their own house in cities. Addressing the nation on the 77th Independence Day, Modi said his government will soon launch the scheme for middle-class families who live in cities but do not own a house.

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