Real Estate News Update for November 17

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

Brigade Group to develop over 14 acres land in Yelahanka, Bengaluru

NEW DELHI: Brigade Group has signed a joint development agreement (JDA) with Krishna Priya Estates and Micro Labs to develop over 14 acres land in Yelahanka, Bengaluru.

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Residential

Suraksha Realty directors buy Rs 100-crore apartments in Mumbai's Worli

Paresh Parekh and Vijay Parekh, directors of property development company Suraksha Realty, have bought two sea-facing luxury apartments in Mumbai’s Worli locality for a total of Rs 100 core.

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Cement

Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement

An Adani group entity, Sajjan Jindal-owned JSW Cement, and ArcelorMittal Group are likely contenders to buy Vadraj Cement, an ABG Shipyard group company that will be sold under the Insolvency and Bankruptcy Code process, people aware of the development told ET.

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Commercial

Edelweiss Alternatives aims to raise up to Rs 5,000 crore via rental yield fund

BENGALURU | MUMBAI: Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, plans to raise up to ?5,000 crore from both onshore and offshore investors through its new rental yield plus fund, said a senior company executive.

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Commercial

Noida authority announces two commercial plot allocation schemes

LUCKNOW: The New Okhla Industrial Development Authority (Noida) has issued two plot allocation schemes in the Noida region to give a fillip to industrial and commercial activities in the state.

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Industry

Realty prices in Mumbai may rocket on back of Dharavi revamp TDR

MUMBAI: City builders will now have to mandatorily utilise the transfer of development rights (TDR) from the Dharavi redevelopment project, according to a new notification from the state urban development department. It said 40% of the TDR to be utilised in a building project must be from the Dharavi project.

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