Real Estate News Update for August 29

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!

Startups

Delhi HC says 4B Networks' right to respond in arbitration plea by Innov8 stands closed

The Delhi High Court on Monday said real estate startup 4B Networks has lost the right to file its response in a suit filed against the company by coworking space company Innov8.

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Residential

Gurugram: Nod to registry of two Chintels projects to raise funds for Paradiso flat owners

GURUGRAM: Deputy commissioner Nishant Yadav has ordered lifting of the registry ban on two properties of Chintels India to speed up the process of providing compensation to flat owners of its Paradiso project in Sector 109, where a vertical cave-in at tower D killed two residents in February 2022.

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Cement

Adani Cement set to improve profitability by 45-50% in 5 years: CEO

MUMBAI: Adani Cement's profitability is set to improve by as much as 45-50% over the next five years as it builds new capacities with a substantial cost advantage, while strategic initiatives boost the profitability of its existing plants, chief executive officer Ajay Kapur said.

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Regulatory

Delhi court to consider taking cognisance of charge sheet against Supertech chairman on Sept 15

NEW DELHI: A Delhi court is likely to consider on September 15 on whether to take cognisance of a charge sheet against R K Arora, chairman and promoter of Supertech Group, in a money laundering case. Special Judge Devender Kumar Jangala took up the matter on Monday and said that the documents were lengthy as he adjourned the matter.

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Industry

Maharashtra: Online registration of new properties from builders' offices picks up speed

PUNE: Nearly 300 developers across Maharashtra have opted for e-registration of first sale of properties from their own offices, officials said.

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Industry

Embassy REIT raises Rs 500 crore via debentures to refinance existing debt

NEW DELHI: The debenture committee meeting of the board of directors of Embassy Office Parks Management Services, the manager of Embassy Office Parks REIT (Embassy REIT), has approved raising of Rs 500 crore via debentures to refinance existing debt, the company said in a BSE filing.

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