Real Estate News Updates for July 01
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Regulatory
The FIR – which followed a complaint by the 20 buyers of Prateek Edifice in Sector 107 – named the owners Prashant and Prateek Tiwari, and senior managers Sunil Kumar Mittal and Anshuman Sharma.
Industry
This will help Godrej Properties construct an additional 300,000 sq ft of area, with a total revenue potential of Rs 900 crore, said people with knowledge of the matter.
Smart City
In the larger interests of the public, CM Revanth Reddy pleaded with the Central government for the extension of the Smart City Mission until the works are completed.
Infrastructure
Delhi Metro Rail Corporation (DMRC) officials said the Phase 4 expansion project is progressing rapidly with a target of opening all three priority corridors comprising 65 kilometres of new lines by 2026.
Residential
Residential project, having a developable potential of approximately nine lakh sq ft with an estimated revenue potential of about Rs 1,200 crore.
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