Real Estate News Update for August 19

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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Industry

Noida authority CEO meets two dozen builders over Rs 26,000 crore dues, buyers' woes

Noida Authority CEO Lokesh M on Friday held a meeting with two dozen real estate developers to discuss the recovery of Rs 26,000 crore in pending dues and difficulties faced by home buyers in 60 group housing projects, officials said.

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International

China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court

China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court.

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International

WeWork seeks to regain listing compliance with 1-for-40 reverse stock split

WeWork said on Friday it would proceed with a one-for-forty reverse stock split to regain compliance with listing requirements, days after the flexible workspace provider raised "substantial doubt" over its ability to continue operations.

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Industry

Sebi notifies rule; gives board representation to REITs' unitholders

To boost corporate governance norms, markets regulator Sebi has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT).

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Industry

Brookfield India REIT raises Rs 750 crore through issue of commercial papers

Brookfield India Real Estate Trust (Brookfield India REIT) has raised Rs 750 crore through issue of commercial papers, the company said in a BSE filing.

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Regulatory

SC directs Supertech chairman to move HC challenging his arrest

The Supreme Court on Friday asked Supertech chairman R K Arora to move high court against his arrest after he submitted that he was arrested in violation of the SC order which directed that only one out of 20 projects be put under insolvency proceedings and allowed him to complete the housing projects by getting Rs 2,000 crore foreign investments.

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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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