Real Estate News Update for August 24

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

Maharashtra housing minister asks MHADA to issue notices for redevelopment of LIC's 68 cessed buildings

In a bid to push the redevelopment of the 68 old and dilapidated cessed buildings owned by the Life Insurance Corporation of India (LIC) in Mumbai, the Housing Minister of Maharashtra Atul Save has directed the Maharashtra Housing and Area Development Authority (MHADA) to issue notices to the LIC.

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Residential

WestBridge Capital's co-founder buys sea-view apartment in Mumbai for Rs 96 crore

Private equity firm WestBridge Capital’s Cofounder and Managing Director Sumir Chadha has bought a sea-view luxury apartment in a super-premium residential tower on Dr. Annie Besant Road in Mumbai’s plush Worli locality for over Rs 96.12 crore.

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Commercial

NBCC sells commercial space worth Rs 821 crore in Delhi via auction

NEW DELHI: State-owned construction firm NBCC (India) Ltd has sold commercial properties worth Rs 821 crore at Nauroji Nagar in the national capital through an auction.

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Industry

Shriram Properties & ASK Property Fund invest Rs 206 crore in a residential project in Chennai

NEW DELHI: Shriram Properties (SPL) and ASK Property Fund have jointly invested Rs 206 crore towards 100% of development rights in an ongoing project in Chennai, through SPL's wholly owned subsidiary, Shrivision Elevations.

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Industry

Hyderabad: Mokila phase-II land auction yields Rs 122 crore

HYDERABAD: The Hyderabad Metropolitan Development Authority (HMDA) netted Rs 122 crore on the first day of Mokila phase 2 land auctions on Wednesday.

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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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