#RealtyNewsRoundUp: Cochin Civic Body Leases Out Apartments To Private Parties

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

The Greater Cochin Development Authority (GDCA) has begun leasing out high rises to private parties as the civic body failed to find potential buyers for the apartments in these buildings. So far, six apartments have been leased, while the GDCA plans to lease out another 25 studio apartments. The flats are being leased out for five years with a five per cent rise in rentals every year. Read more

The government of Madhya Pradesh has appointed a chief executive officer each for three smart cities. Chandramauli Shukla, Rohan Saxena and Gajendra Singh Nagesh will be serving as the CEOs of Bhopal, Indore and Jabalpur, respectively. These names have been finalised and sent to the Union Government for its final nod. Read more

Renowned real estate developer Godrej Properties has set up a dedicated fund-management business, Godrej Fund Management. The business has raised capital worth $275 million. The subsidiary will act as an advisory for Godrej Residential Investment Program II. Read more

In a bid to digitalise its records, the Bengaluru municipal corporation will make public records of over 5,000 properties online by May. Now, citizens can access data about properties such as basic details, lease details, survey and settlement records, fencing, property registration, orders and approvals, renewals, litigation and lease payment details at the click of a mouse. Read more