Real Estate News Updates for May 25

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!

--------------------------------------------------------------------------

Residential

Mankind Pharma's director sells Vasant Vihar bungalow for Rs 91 crore

Poonam Juneja, a Director at Mankind Pharma and wife of Ramesh Juneja, Chairman of the company, has recently sold a bungalow in Delhi's Vasant Vihar for Rs 91 crore.

Read More >>

Residential

Registry ban imposed on Chintels after Paradiso cave-in now lifted

GURUGRAM: In a move that is likely to speed up the compensation process for flat owners of towers D, E and F of Chintels Paradiso, the panel constituted to discuss issues pertaining to these three buildings has revoked the ban on registries of properties owned by the developer.

Read More >>

Regulatory

Hyderabad: Income-tax department lens on properties of top builders in Old City

HYDERABAD: Income tax (I-T) officials on Wednesday conducted searches on the properties of top realtors in the the Old City, suspecting large-scale tax evasion.

Read More >>

News

WeWork's CFO Andre Fernandez to resign

BENGALURU: WeWork Inc CFO Andre Fernandez intends to resign on June 1, the company said on Wednesday, less than a year into the role and days after top boss Sandeep Mathrani announced his exit from the workspace provider.

Read More >>

Cement

India Cements' net loss widens to Rs 243.77 crore in Q4 FY23

India Cements has reported net consolidated loss after tax of Rs 243.77 crore during the quarter ended March 31, 2023. It had registered net consolidated loss after tax of Rs 26.16 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

Read More >>

Commercial

IT companies' share in commercial real estate shrinks

The IT services sector is slowing down on real estate absorption due to a combination of weakening business, adoption of a hybrid work model, and re-allocation of talent to tier-2 satellite offices.

Read More >>

Popular Among Readers:

App to weed out illegal colonies in Haryana

Oberoi Realty signs MoU to acquire 6.4 acres land in Thane

Shriram Properties acquires residential project in Chennai for Rs 185 crore

------------------------------------------------------------------------

This is a condensed version of?ETRealty?Newsletter! Get the full version by?subscribing here!

-------------------------------------------------------------------------------

www.etrealty.com?is an online resource for the latest news, analysis, and insights on the Indian real estate market. Our website provides comprehensive coverage of the real estate sector, including residential and commercial properties, infrastructure developments, and regulatory updates.

Follow us here for more updates!

LinkedIn:?https://www.dhirubhai.net/company/et-realty/

Twitter:?https://twitter.com/Realty_ET

Facebook:?https://www.facebook.com/ETRealty

Instagram:?https://www.instagram.com/et.realty/