Real Estate News Update for May 27
Dear Readers,
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!
Residential
Unsold inventory at an India level witnessed a marginal 3% year-on-year increase. Notably, Pune led with a significant 10% year-on-year drop in unsold inventory.
Residential
Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management.
Commercial
On May 10, the state govt cancelled the allotments to Lavish Buildmart and Skyline Propcon, subsidiaries of the Gurgaon-based real estate company M3M, following a complaint that the realtors who were allotted the land were not eligible.
Commercial
Strata will initiate the migration of its eligible assets to SM REITs, as it aims to achieve a total assets under managemet (AUM) of Rs 2,000 crore by the end of FY25.
RERA
Sanjay Bhoosreddy, chairman, UP-RERA was hearing the cases of nine of the allottees of the Alaknanda project of PDA for enforcement of the orders passed in March 2023, noticed that the promoter had obtained the completion certificate in January 2024.
This is a condensed version of?ETRealty?Newsletter! Get the full version by subscribing here!
www.etrealty.com is an online resource for the latest news, analysis, and insights on the Indian real estate market. Our website provides comprehensive coverage of the real estate sector, including residential and commercial properties, infrastructure developments, and regulatory updates.
Follow us here for more updates!
Twitter: https://twitter.com/Realty_ET
Facebook: https://www.facebook.com/ETRealty
Instagram: https://www.instagram.com/et.realty/