Real Estate News Update for September 25
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Industry
The Noida land will be used for a Grade-A retail and office project. At Jaypee Greens, the real estate company will develop and deliver two stalled residential towers, along with the creation of an additional 1.5 million sq ft of space, the people said.
Residential
GURUGRAM: A group of homebuyers on Sunday gathered at Greenopolis project site in Sector 89 to enquire about the status of their flats. They urged the developer to complete the project, which is delayed by more than eight years, at the earliest and hand over the flats to them.
Industry
LUCKNOW: The Uttar Pradesh will soon launch a new system-- FASTPAS (fast and simplified trust-based plan approval system) -- through which approvals of maps and layouts of buildings, townships will be granted.
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Commercial
NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has demolished two 18-year old buildings located at Mindspace Madhapur using Implosion Technology. This paves way for asset spread across approximately 1.6 million sq ft that shall offer expansion and consolidation spaces within the business park.
International
The Evergrande unit was being probed by the Chinese securities regulator for suspected violation of information disclosure. As of end-July, Hengda Real Estate's unpaid debts due totalled about 277.5 billion yuan ($38 billion), and it had 1,931 pending litigation cases.
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