Real Estate News Update for May 8

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Housing Finance

Aadhar Housing Finance raises nearly Rs 900 crore from anchor investors

NEW DELHI: Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, on Tuesday said it has mobilised Rs 898 crore from anchor investors, a day before the launch of its initial public offering (IPO). The company has decided to allot 2.85 crore equity shares to 61 funds at Rs 315 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website.

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Commercial

Incuspaze leases 3.5 lakh sq ft office space in Gurugram

NEW DELHI: Flexible workspace provider Incuspaze has leased 350,000 sq ft in Gurugram's Udyog Vihar in one of the biggest office space transactions of 2024.

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Infrastructure

Delhi civic body's desilting plan to cover all illegal colonies

NEW DELHI: The Municipal Corporation of Delhi's desilting plan for 2024-25 focuses on covering all unauthorised colonies and maintaining separate checks on the cleaning and clearing of internal drains that are less than 4ft deep to prevent waterlogging during the monsoon.

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Mumbai

Mumbai: BMC releases list of 188 dangerous, dilapidated buildings

MUMBAI: In view of the upcoming monsoon season, the Brihanmumbai Municipal Corporation (BMC) on Tuesday released a list of 188 residential buildings that are in a "very dangerous" and "dilapidated" state. The civic body has appealed to people living in such structures to move to safer places as a precautionary measure.

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