Real Estate News Update for June 04
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Regulatory
In its review petition, the Noida Authority said it could not register the flats because the developer was yet to pay Rs 166 crore.
Regulatory
Jaiprakash Associates Ltd (JAL), which is the flagship firm of Jaypee Group, is mainly into construction, cement and hospitality businesses. JAL has sold many cement plants in the last few years to reduce its debt.
Commercial
领英推荐
This acquisition increases Embassy REIT’s total portfolio by 11% to 50.5 million sq ft. It expects growth from 1.6 million sq ft of on-campus development and 2 million sq ft future development potential.
Retail
A Brihanmumbai Municipal Corporation release said 48 of the 68 malls were found to be following fire safety norms during inspections held between May 26 and 30, while 17 malls have got notices for not adhering to these stipulations.
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