Real Estate News Update for October 5
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In the case of Dharavi's redevelopment, the state, realising only 50 acres of the 246 acres of salt pan land will be immediately available for rental housing for ineligible residents following litigation, is looking at an alternative by providing incentives in the form of FSI to developers.
Piramal Capital & Housing Finance (PCHFL), a wholly-owned subsidiary of Piramal Enterprises, has sold its immoveable property comprising of land & building situated at Santacruz East, Mumbai for a total consideration of Rs 187 crore to Shoquba Realty.
The government on Friday said a new quality control order has been issued to establish stringent quality standards for ropes and cordages, geotextiles and industrial textiles which are essential materials used at construction sites.
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A Delhi court on Friday granted bail to a businessman in a money laundering case, noting that there was no possibility of the proceedings concluding in the near future and this could deny him the "fundamental right" of a speedy trial.
Realty firm Godrej Properties Ltd's sale bookings rose 3 per cent to nearly Rs 5,200 crore in the second quarter of this fiscal on better housing demand.
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