Real Estate News Update for September 27
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WeWork Inc.’s plan to sell the 27% it holds in its Indian unit and exit the country has collapsed, according to three people aware of the matter. This comes after the Competition Commission of India (CCI) had approved the proposal.
The insolvency watchdog has tweaked regulations to allow the hiring of an interim representative for a group of creditors like homebuyers until the bankruptcy court approves the final appointment to expedite the rescue of stressed real estate companies.
Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about Rs 60 billion ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry.
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Rudrabhishek Enterprises (REPL) has received registration for small and medium real estate investment trusts (SM REITs) by the securities and exchange board of India (SEBI).
Kishore Mishrilal Bang, the promoter of Nirmal Bang Securities, has bought two luxury apartments in an upscale under-construction residential project in south Mumbai’s Mahalaxmi locality for a total of Rs 45.69 crore.
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Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
1 个月Awesome product.
Director at Kedia Corporate Advisors Pvt Ltd (KCAPL), Director at NextGen Asset Manager Pvt. Ltd., Director at RERA India Educational and Resources Federation (RIERF)
2 个月Such an exciting development for India's real estate sector! ??????? REPL’s successful registration for #SMREIT with #SEBI marks a significant #milestone. As only the second entity in #India to achieve this, and the first to do so proactively, #REPL showcases true innovation in the field. ???? At Kedia Corporate Advisors Pvt Ltd (KCAPL), we're enthusiastic about such forward-thinking initiatives that open new avenues for wealth creation. We look forward to seeing positive #impact of this on the industry and wish REPL all the best for their upcoming #IPO. ???? Congratulations to the REPL team on this achievement! ???? #ImpactRSMREIT #ViksitBharat2047?