Realty News Roundup: France Commits €2-Bn Support For Smart City Project; Chargesheet Against IAS Officer Khemka Dropped

News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

France has made a financial commitment of €2 billion towards the Centre's Smart City Mission. Thus, becoming the first foreign country to do so, Business Standard reported. The country will help in converting Chandigarh, Nagpur, and Puducherry into smart cities, Francois Richier, ambassador of France in India announced on Wednesday. Read more

The Haryana government has dropped the chargesheet issued against IAS officer Ashok Khemka, The Economic Times reported. This comes after the former ruling government in Haryana blamed Khemka for wrongly cancelling the mutation of land deal between Robert Vadra and real estate giant DLF, two years back. Read more

Off the frontpage

Realty firm Omaxe reported a 40 per cent rise in consolidated net profit at Rs 19.46 crore for the September quarter on November 4, news agency PTI reported. Its net stood at Rs 13.88 crore in the year-ago period. Read more

Anil Ambani-led Reliance Infrastructure has decided to sell its 5.8-million tonne cement business, while initiating the process to break away from the Rs 8,800-crore investment it has made in 11 road projects across seven states, ETRealty.com reported. Read more