Real Estate News Update for February 27

Real Estate News Update for February 27

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.

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Industry

Telangana government to regularise unauthorised plots under LRS

HYDERABAD: The Congress government has decided to regularise the plots in unauthorised layouts, the applications for which were submitted when the Layout Regularisation Scheme (LRS) was offered in 2020 by the previous government.

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Infrastructure

Illegal colonies taken over by Gurugram civic body, time now to lay water network & tiles

GURUGRAM: Three months after the govt authorised certain illegal colonies, MCG has initiated development work in these colonies.

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Industry

Fifteen more builders to take up Uttar Pradesh government's rehabilitation package

NOIDA: After a “final” notice by the Noida Authority, developers of 15 stalled projects have agreed to take up UP govt’s rehabilitation package, taking the total number of realtors in the city to 35.

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Residential

Gurugram: Expressway Towers buyers protest at Haryana RERA office

GURUGRAM: More than hundred allottees of an affordable housing project — Expressway Towers in Sector 109 by Ocean Seven Buildtech (OSB) — protested at the H-Rera office against the developer and demanded early completion of the project.

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Regulatory

NCLT orders insolvency proceedings against Sankalp Siddhi Developers

The SPV was promoted by Ahuja Hive, now known as Hive Carbon-Zero Developers, for the development of a project in Mumbai’s Jogeshwari suburb, and has been controlled and managed by Chinese group Fosun since 2022.

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