Real Estate News Updates for June 17

Welcome to the latest edition of?ETRealty's daily newsletter,?RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate. Subscribe and Stay Tuned for daily updates!

Industry

Paranjape Schemes raises over Rs 230 crore from ASK Property, Arbour, Walton Street

Realty developer Paranjape Schemes has raised over Rs 230 crore from private equity funds including ASK Property Investment Advisors, Arbour Investments and Walton Street Capital for its four residential projects in Mumbai and Pune.

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Logix Infratech's audit questions Rs 380 crore transactions with 10 firms

NOIDA: Beyond transactions with Mayawati's brother Anand Kumar and his wife Vichiter Lata for 261 flats at Blossom Greens which it termed "fraudulent", an audit of real estate company Logix Infratech has pointed to transfer of funds to several allegedly dubious entities.

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Regulatory

Delhi HC refuses to interfere with arrest of M3M directors in money laundering case

NEW DELHI: The Delhi High Court on Friday refused to interfere with the arrest of Basant Bansal and Pankaj Bansal, directors of Gurugram-based realty group M3M, in a money laundering probe linked to an alleged bribery case against a former judge and others.

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Industry

Bengaluru: BBMP puts on hold nod for big-ticket building plans

BENGALURU: The Bruhat Bengaluru Mahanagara Palike has stopped approving building plans for bigger projects for now in order to verify whether there are any town planning rule violations involved.

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Industry

Kolkata civic body links completion certificate for housing projects to sites' tree-planting rules

KOLKATA: The Kolkata Municipal Corporation has stopped issuing completion certificates (CC) to real estate projects that do not meet its mandatory tree-planting norms.

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Popular Among Readers:

ED raids IREO, M3M, seizes luxury cars worth Rs 60 crore

ED arrests M3M director in money laundering case

Customised insolvency & bankruptcy code resolutions for real estate on the cards

Mumbai: Rohan Developers' director arrested in Rs 280 crore bank loan fraud case

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