Real Estate News Update for November 16

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!

Industry

Control of Aamby Valley stays with the Sahara Group

MUMBAI: The control of Sahara Group's real estate assets including the Aamby Valley City, in the neighbourhood of Lonavala near Mumbai and Pune, is with the group and is operating at full potential, the group said.

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Industry

Puravankara acquires rights for three-acre redevelopment project in Mumbai

Realty developer Puravankara has secured redevelopment rights for two housing societies spread over three acres in Mumbai’s western suburb of Andheri with potential gross development value of Rs 1,500 crore.

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RERA

Telangana RERA slaps notices on builders for violations

HYDERABAD: Cracking the whip on the real estate firms that have been selling open plots and flats without any registrations, the Real Estate Regulatory Authority (RERA) has slapped notices to many firms on Wednesday.

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Regulatory

Mumbai: Royal Realtors' partner who cheated buyers of Rs 11 crore gets three years' jail

MUMBAI: A magistrate's court convicted and sentenced a 50-year-old developer to three years' imprisonment for cheating flat purchasers in a redeveloped Byculla building of nearly Rs 11 crore.

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Infrastructure

Credai wants CAQM to lift construction ban in NCR

GHAZIABAD: The Confederation of Real Estate Developers’ Associations of India (CREDAI) has written to the Centre's pollution control panel on Wednesday urging it to lift the ban on construction work that was halted in Delhi-NCR after AQI dipped to ‘severe’ (400+) levels in the first week of November.

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