#RealtyNewsRoundup: Govt to Hold Investment Summit On Smart Cities Mission

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

The government will organise an investment summit on the Smart Cities Mission on May 19 in New Delhi. The one-day summit aims to attract foreign funds for the Prime Minister Narendra Modi-led government's pet project. Read more

The Cabinet Committee on Economic Affairs has given its approval for the development of a 14-lane Delhi-Meerut Expressway. The development cost is estimated to be Rs 1,983 crore, including the cost of land acquisition and resettlement. Read more

Infrastructure lender IDFC's asset management arm IDFC Alternatives has raised Rs 475 crore for its real estate-focused IDFC Score Fund. The fund will be invested in residential projects across seven property markets, including the Delhi-National Capital Region, Mumbai and Bengaluru. Read more

The Noida Authority has directed the Confederation of Real Estate Developers' Associations of India (CREDAI) to set up individual grievance cells within a month to keep communication channels open with home buyers. The authority held a meeting with the body and 40 real estate developers in an attempt to provide relief to home buyers. Read more