Real Estate News Update for February 29
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International
HONG KONG: Hong Kong announced major measures on Wednesday to bolster its flagging real estate market by scrapping all tightening measures for residential properties, aimed at helping the city's economy which is expected to grow at a tepid 2.5%-3.5% this year.
Commercial
These land parcels were originally allotted to two builders whose land allocations were canceled a few years ago due to their failure to initiate construction and fulfill their financial obligations to the Authority.
Industry
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LUCKNOW: Development activities across 51 cities in Uttar Pradesh would be governed by a new master plan based on geographic information system (GIS) in the upcoming financial year.
Residential
Girdharilal Bawri, Banwarilal Bawri and Rajendra Agarwal, promoters of pharmaceutical manufacturing company Macleods Pharmaceuticals, have acquired a land parcel spread over one-sixth of an acre and the bungalow built on the same in plush Juhu locality of Mumbai for Rs 101 crore.
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