Real Estate News Update for October 3

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Noida authority urges Uttar Pradesh govt to reconsider decision granting relief to builder

Noida Authority has urged UP govt to reassess its rulings on revision petitions filed by allottees from industrial, commercial and institutional sectors.

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MREAT orders builder to refund money with interest for flat booking cancellation

Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a MahaRERA order and directed the promoter of a Jogeshwari (East) project to refund Rs 13.5 lakh paid for booking a flat in 2019—along with interest at the rate of 2%– to the allottees.

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Hyderabad: GHMC, HMDA suspends layout permissions near lakes

With confusion prevailing over permissions to be granted for the buildings and layouts that are close to lakes and other water bodies, the Hyderabad Metropolitan Development Authority and Greater Hyderabad Municipal Corporation have halted issuing permissions near water bodies and lakes.

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IIFL Home Finance plans to raise upto Rs 3,000 crore from retail investors

IIFL Home Finance plans to raise funds from retail investors for the first time in three years as the lender looks to broaden its liability profile, taking a cue from the Reserve Bank of India's move to restrict bank borrowings by non-banking finance companies.

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FrontView REIT raises $250.8 million in IPO

Shares of FrontView REIT fell 3.9% in their debut on the New York Stock Exchange on Wednesday, valuing the commercial real estate investment trust at $487.9 million.

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