Real Estate News Updates for June 30

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!

Startups

Proptech firm Reloy raises Rs 7.2 crore from investors

NEW DELHI: HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business. In a pre-series A2 funding round, Reloy (earlier known as Loyalie) said all the existing investors participated along with new investors like BlueLotus VC and Dream Green Capital.

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Industry

Conscient Infrastructure buys 6.6 acre land in Gurugram for around Rs 85 crore

NEW DELHI: Realty firm Conscient Infrastructure has acquired 6.6 acre land in Gurugram for around Rs 85 crore to develop a housing project. In a statement, real estate consultant Cushman & Wakefield said that it facilitated this land deal of 6.6 acres in Sector 80, Gurugram.

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RERA

RCs worth Rs 1,200 crore resolved since 2018: UP-RERA chairman

NOIDA: Uttar Pradesh Real Estate Regulatory Authority chairman Rajive Kumar has said recovery certificates worth Rs 1,200 crore have been resolved across the state since 2018 through recovery and mutual consent between builders and homebuyers.

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Industry

Developers may soon have to pay cess along Ghaziabad metro & RapidX routes

GHAZIABAD: The UP cabinet on Wednesday approved a proposal to charge a ‘metro and RRTS cess’ on developers in cities where these two services are coming up. For now, the charge is likely to be imposed in Ghaziabad and Meerut, where the RRTS or RapidX corridor is being built.

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Residential

Registration for 5,500 flats in Delhi to begin on June 30

NEW DELHI: The Delhi Development Authority (DDA) is all set to begin the registrations for 5,500 flats from 12 pm on June 30 under its Phase IV Housing Scheme.

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Infrastructure

Gurugram: Developer of Platinum Tower fined for illegal construction waste dumping

GURUGRAM: Taking a strict action on illegal dumping of C&D waste in the city, MCG on Thursday imposed a challan of Rs 1.1crore on the developer of Platinum Tower in Sector 28 for dumping construction waste on the master stormwater drain adjoining the greenbelt.

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Popular Among Readers:

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

ED arrests two M3M promoters in money laundering case

Godrej Properties to acquire about 7.44 acre land for a residential project in Kolkata

DDA to offer 5,000 flats on first-come, first-serve basis, more may be added

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