#RealtyNewsRoundup: Govt To Issue IPOs for HUDCO & IREDA

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

The central government may come out with another round of disinvestment. To raise as much as Rs 2,000 crore, the government for the first time plans (initial public offerings) IPOs of Indian Renewable Energy Development Agency and Housing & Urban Development Corporation. Both companies have either approached the Department of Investment and Public Asset Management or are seeking approval for the stake sale, sources said. Read more

In what is being termed as bowing down to popular sentiments, Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced to change the venue of Smart City Project in Bhopal from Shivaji Nagar to North Tatya Tope (TT) Nagar, in the interest of environment conservation. Read more

State-owned construction firm National Buildings Construction Corporation (NBCC) reported a six per cent annual increase in its consolidated net profit at Rs 141.48 crore for the quarter ended March 31. The net profit stood at Rs 133.63 crore in the year-ago period, the company said in a regulatory filing. Read more

The new airport at Kishangarh, which is being developed to cater to the historical city of Ajmer in Rajasthan, is likely to be become operational by July, 2017. Located at the biggest marble market of Kishangarh, the airport building's construction work is likely to complete in December this year. Read more