Real Estate News Update for October 24

Real Estate News Update for October 24

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

Signatureglobal (India) acquires 25.75 acres land in Gurugram

NEW DELHI: Signatureglobal (India) has acquired approximately 25.75 acres land in Gurugram for development of a group housing project, the company said in a BSE filing.

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Commercial

Qualcomm rents 600,000 sq ft office space in Bengaluru to expand operations

The new office will come up in Bagmane Capital-Angkor in Bengaluru, a major hub for technology firms. The space will be taken up in two phases by Qualcomm. "Qualcomm will occupy ground plus 12 floors in the upcoming facility for a tenure of 108 months," mentioned the document.

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Industry

Maharashtra government to review high realty development premiums in Mumbai

The government of Maharashtra is looking to address the issue of high premiums levied by the authorities on real estate development projects in Mumbai, the country’s commercial capital. The state’s Housing Minister Atul Save is planning to soon convene a meeting with key stakeholders from the state’s Finance Ministry, Urban Development (UD), and Revenue Departments to review these charges.

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Regulatory

Delay not caused by Macrotech Developers, can't deny rebate: Bombay HC

MUMBAI: A 50% rebate on premium payable for development be given to a developer, Macrotech, and the owner of the Bradbury Mills plot being redeveloped in Byculla, directed the Bombay high court on Monday.

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Regulatory

M3M promoter files pre-emptive bail plea in graft case

CHANDIGARH: M3M group of companies’ promoter Roop Bansal has filed for an anticipatory bail in the corruption case in which he was named in April as one of three accused. The additional district and sessions court will hear his petition on October 26.

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