Real Estate News Update for September 27
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RERA
The UP RERA noted that a real estate project named 'Megapolis/Sarvottam Megapolis' in a hi-tech township named 'NEWOIDA' is being advertised by a promoter 'Sarvottam World' and being broadcast and publicized on all platforms of media - newspapers, radio, digital, etc, according to an official statement.
Residential
Dalmia Nisus Finance Investment Managers LLP, an alternative asset manager of Nisus Finance Group, has exited its investment worth Rs 125 crore in two residential-led projects of realty developer Puranik Builders.
Industry
AHMEDABAD: For over a decade, the Sabarmati Riverfront Development Corporation Ltd (SRFDCL), a public entity under the city's municipal corporation, has been trying to sell 49 parcels of prime riverfront land to private developers. However, the process has seen prolonged delays, with the last valuation conducted by the state government in 2016.
Residential
领英推荐
NOIDA: Representatives of the Noida, Greater Noida and Yamuna Expressway authorities will meet in Lucknow on Thursday to discuss steps to revive stalled real estate projects in their areas. They will also discuss recommendations of a committee headed by bureaucrat Amitabh Kant on giving waivers to developers so that the delayed projects could be completed.
Regulatory
The judge summoned the co-accused Neha Talreja and the authorised representatives of accused companies -- Supertech Ltd, Sarv Realtors Pvt Ltd, ASP Sarin Realty Pvt Ltd, Palash Building Solutions Pvt Ltd, Goodtime Builders Pvt Ltd, Daamodar Buildengineers Pvt Ltd, Doonvalley Technopolis and R K Arora Family Trust -- for October 30.
Commercial
Godrej Fund Management, the real estate private equity firm of Godrej Group, is close to selling office space spread across three floors in commercial project Godrej BKC in Mumbai's Bandra-Kurla Complex to Max Life Insurance for around '900 crore, said people with direct knowledge of the development.
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