Realty News Roundup: IDFC Alternatives & SARE Homes To Jointly Raise $250 Mn; Golf Course Extension Road To Be Widened
Realty News Roundup is PropGuide's selection of top stories from the real estate sector
Top News
The Delhi Electricity Regulatory Commission (DERC) has decided to fix the power tariff for cooperative group housing societies (GHS) at Rs 6 per unit. This is to encourage households in Delhi to follow Gurgaon's model. In Gurgaon, the high-rises and residential societies have a single-point supplier for electricity. Read more
The Golf Course Extension Road in Gurgaon would be widened soon. The Haryana Urban Development Authority would increase the width of the road on both sides by three metres. The construction of this 16 lane expressway is still under progress. The road is being widened to ease the flow of traffic. Read more
The loan portfolio of Tata Capital Housing Finance Limited (TCHFL) reached Rs 10,000 crore. Now, Tata Capital Housing Finance Limited is among the top six mortgage lenders in the country. Since its inception in 2010, TCHFL has witnessed a growth of 40 per cent. Read more
On September 24, the New Delhi Municipal Corporation (NDMC) , outlined its vision for the smart city project. The municipal corporation plans to develop the area under its jurisdiction into a sustainable, liveable, and energy-efficient city. Read more
Off the front page
IDFC Alternatives Ltd, the investment arm of IDFC Ltd has joined hands with property firm SARE Homes to raise $ 250 million from offshore investors. According to the terms of the partnership, SARE Homes would manage and monitor the projects that IDFC invests in. Read more
Opinion
In this opinion piece in Value Walk, Gaurav Sinha argues that if leading banks like ICICI and State Bank of India (SBI) cut the base rate further, it would help the automobile and real estate sector. Gaurav Sinha thinks that India is one of the emerging markets that are driven most by internal consumption. Read further