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#RealtyNewsRoundup: Huda May Defer Launch Of New Sectors in Gurgaon District [Video]

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

Fearing losses due to the slump in the real estate market post-demonetisation, the Haryana Urban Development Authority (Huda) may postpone the launch of new residential sectors over 800 acres across seven villages of Pataudi and Farrukhnagar areas of Gurgaon district. As per the rule, if Huda fails to announce the compensation by December 29, the three-year-old notice for the acquisition will stand cancelled.

Putting in place disclosure norms for real estate investment trusts (REITs), markets watchdog Sebi said the offer document would contain financial information, related party transactions and past performances. The move comes after Sebi earlier this month had issued detailed norms for public issuance of REITs, including allocation of units to institutional investors.

Larsen & Toubro recently said that its construction arm had bagged orders worth Rs 3,039 crore across various business segments, including power transmission and distribution, and heavy civil infrastructure. In heavy civil infrastructure business, the company bagged an order worth Rs 359 crore from Inland Waterways Authority of India for the construction of a new navigational lock at Farakka in West Bengal.

The estate office of the Chandigarh Housing Board (CHB) will e-auction its left-out or old vacant flats in the city from mid-January next year. The CHB shall e-auction its commercial and residential properties once a week. In addition to this, a convention centre on the lines of the India Habitat Centre, Delhi, will also come up at the IT Park.

Source: Media reports

Tags: Video, Larsen & Toubro, Haryana Urban Development Authority, propguide, Chandigarh Housing Board, Pataudi, Farrukhnagar


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