Real Estate News Update for July 15

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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International

JPMorgan, Wells Fargo prepare for losses on office loans

JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from commercial real estate loans, in the latest sign that stress is building up in the sector.

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Industry

Dalmia Nisus Finance invests in Treasure Group's Indore project

Alternative asset manager Dalmia Nisus Finance Investment Managers LLP has invested over Rs 25 crore in a premium plotted development project of realty developer Treasure Group through its Real Estate Credit Opportunities Fund – I (RECOF-I).

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Residential

Noida: Ajnara Panorama home buyers' decade-old wait for flats grows longer

NOIDA: Nearly 685 homebuyers who invested in the Ajnara Panorama project in Sector 22A have been waiting for possession of their flats and villas since 2012.

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Residential

SBI hikes lending rate by 5 basis points

NEW DELHI: State Bank of India (SBI), country's largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across all tenures, a move that will lead to an increase in EMIs for borrowers. With the increase, EMIs will go up for those borrowers who have availed loans on MCLR, not for those, whose loans are linked to other benchmarks.

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Industry

Maharashtra government formally awards Dharavi redevelopment project to Adani Group

MUMBAI: The Maharashtra Government has formally awarded the 259-hectare Dharavi Redevelopment project to an Adani Group firm.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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