Real Estate News Updates for July 10

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Commercial

Axis AMC leases two floors in Macrotech Developers' Mumbai tower

Axis Asset Management Company, the mutual fund investment entity of Axis Bank, has taken on lease two floors in Macrotech Developers’ commercial tower in Mumbai’s Lower Parel to set up its head office, people aware of the development said.

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Regulatory

Maharashtra IGR to check all documents from 2020-22 for rule breach

PUNE: The state office of the Inspector General of Registration and Controller of Stamps (IGR) has sought review of all property registrations carried out between 2020 and 2022 to address rising complaints about violation of various laws governing the real estate sector in Maharashtra.

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Infrastructure

FSI for redevelopment raises Mumbai's skyline to 312 meter, civic infra still lagging

MUMBAI: In a space-starved city, Mumbai's vertical growth is reaching stratospheric levels. A virtually unlimited floor space index (FSI) in certain rehabilitation housing schemes has allowed developers to build higher and higher even in congested areas.

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Housing Finance

Shriram Housing Finance raises $50 million in its maiden external commercial borrowing

Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds from the ECB will be used for the financing of affordable housing.

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Residential

Gurugram: Flats delayed, Mahira Homes buyers hit the road

GURUGRAM: Fumed over delay in getting possession of their flats, homebuyers of Mahira Homes in Sector 68 on Saturday staged a protest against the developer and DTCP for failing to ensure the completion the project even after five years.

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Popular Among Readers:

DDA launches housing scheme for 5,500 flats on first-come, first serve-basis

Shivalik Group achieves Rs 300 crore sales in GIFT City residential project within 15 days

Flat agreement price & stamp duty difference can't be taxed: ITAT

Enforcement directorate arrests Supertech's chairman in money-laundering case

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