Real Estate News Update for September 28
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Noida Authority has requested the Enforcement Directorate (ED) to recover Rs 191.9 crore in dues from Hacienda Project Pvt Ltd (HPPL), the developer of Lotus 300 in Sector 107.
High-density housing in urban areas to ensure efficient land utilisation, incentivising private developers and promoting public-private partnerships (PPPs) are some of the measures that govt proposes to take as it seeks to boost the supply of affordable housing in the state.
The Karnataka govt has made e-khata mandatory for property registration from October in a move to curb fraudulent property deals. With the imminent phaseout of physical khatas, property owners have been told to obtain their e-khata at the earliest to ensure seamless transactions.
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Property Share Investment Trust has filed a draft document with Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT) public issue to raise up to Rs 353 crore.
Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said the contract for Dharavi redevelopment will be "taken back" from the Adani group if it fails to follow instructions of the state government.
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