Real Estate News Update for August 18

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Industry

Noida authority looks at write-offs for stalled projects after panel's recommendations

NOIDA: The Noida and Greater Noida authorities have been directed by the state’s industrial development commissioner (IDC) to draw up a comprehensive report based on recommendations of an expert panel headed by former Niti Aayog CEO Amitabh Kant to revive stalled real estate projects.

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Industry

About 170 realty projects in Mumbai region, Pune want to fold up

MUMBAI: The number of projects that their promoters are seeking to deregister has climbed to 170. Developers take the drastic step in cases of zero bookings, financial problems, feasibility issues, new notifications from planning authorities, among others.

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Industry

Survey soon, circle rates in Noida to be revised after three years

NOIDA: After a three-year hiatus, the circle rates may be revised in Noida with the stamp and registration department set to survey properties soon.

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Industry

Ghaziabad: Check approved layouts before giving property loans, banks told

GHAZIABAD: The Ghaziabad Development Authority (GDA) on Thursday sent letters to the branch managers of at least nine banks, directing them to verify layout plans and check the legality of properties before offering loans for them.

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RERA

SC issues notices to states which are yet to establish RERA

NEW DELHI: The Supreme Court recently issued notices to the chief secretaries of Nagaland, Meghalaya, Sikkim and the Union Territory of Ladakh to give their responses on the lack of establishment of the Real Estate Regulatory Authority (RERA) in their states.

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Industry

Authum Investment picks up 1.9% stake in DB Realty for Rs 100 crore

NEW DELHI: Authum Investment and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in real estate developer DB Realty for Rs 100 crore through open market transactions. Following the stake purchase by Authum, DB Realty shares zoomed 11.84 per cent to close at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE.

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Popular Among Readers:

KP Singh, two promoter entities offload DLF shares for Rs 1,087 crore

Mumbai: Dilip Kumar's Pali Hill bungalow to make way for residential project

Bollywood producer Dinesh Vijan buys apartment in Mumbai's Pali Hill for Rs 103 crore

Indiabulls Housing Finance promoter further cuts stakeholding

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