Real Estate News Update for December 12
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Commercial
Software services firm Cognizant Technologies intends to sell its office assets in Hyderabad and Bengaluru as part of its strategy to become asset-light and capitalise on non-core real estate.
Industry
State-run Indian Bank has put bad loans worth ?610 crore on sale as it looks to clean up books by the end of this financial year.
Regulatory
MUMBAI: Builder Niraj Ved of Shreenath Developers, who was arrested by Pant Nagar police for cheating a flat buyer, was produced before a local court on Monday and remanded in two days of police custody.
Residential
领英推荐
NEW DELHI: Around 1,500 flats were booked in Dwarka, Narela and Lok Nayak Puram on the first day of booking for the Delhi Development Authority's (DDA) recently launched housing scheme on Monday, officials said.
International
NEW YORK: WeWork has resolved landlords' objections to its bankruptcy financing agreement, saying on Monday that it had agreed to reserve a portion of any future loans in an account that will be used for rent payments.
Industry
For the financial year 2023-24, Shriram Properties has guided the market for about 4.8 million sq ft of pre-sales volume and Rs 2,400-2,500 crore of sales value. It is also looking to deliver about 3,000 units by the FY24-end and three new launches during Q3 FY24.
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