Real Estate News Update for October 11

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!

Commercial

NSDL to acquire office space in BKC from IDFC Bank

National Securities Depository Limited (NSDL) has acquired a 68,000 sqft office space from IDFC First Bank in Mumbai's Bandra-Kurla Complex (BKC) for approximately Rs 198 crore.

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Cement

Adani’s $3.5 billion Ambuja loan moves ahead after some banks get approval

A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter.

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Hospitality

NCLAT sets aside order to restart sale of Viceroy Hotels

MUMBAI: The appellate bankruptcy tribunal has set aside a National Company Law Tribunal (NCLT) order to restart the sale of Viceroy Hotels, which owns two properties: a five-star hotel in Hyderabad named Marriott and a three-star hotel called Courtyard.

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Industry

Godrej Properties to sell 14 acres land in Gurugram

BENGALURU | NEW DELHI: Godrej Properties is in advanced talks with Hero Realty to sell a 14-acre land parcel in Gurugram, valued at approximately Rs 730 crore.

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Infrastructure

About 21 colonies in Gurugram get legal tag, DTCP to start infrastructure work

GURUGRAM: The department of town and country planning (DTCP), on the state government’s directions, has issued a notification for regularising 21 illegal colonies in the city.

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