#RealtyNewsRoundUp: HUDCO To Soon Introduce Tax-Free Bonds Worth Rs 1,710 Cr

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

Top News

Housing & Urban Development Corporation (HUDCO) will be soon introducing tax-free bonds in the market worth Rs 1,710 crore. The interest rates is expected to range between 7.27 per cent and 7.64 per cent, which is lower than rates offered by bonds by Indian Renewable Energy Development Agency. Read more

Godrej Properties Ltd has tied up with Vihang Group to launch a new residential project in Thane. The housing project will be developed off Ghodbunder Road in a 15 acre land parcel, according to financial daily Hindu Business Line. Read more

Off the frontpage

Supreme Court has given its go ahead to Haryana state government to acquire 65,000 sqm land at Surajkund complex in Faridabad. The move is aimed at making the district an international tourist complex. The land belongs to Eros Developers who had bought it in 1993 to construct a hotel. Read more

Supreme Court has admitted a Special Leave Petition (SLP) that challenges Bombay High Court and Company Law Board orders that had asked a Canadian businessman Alnoor H Jamal to exit from a joint venture that was formed to develop the erstwhile Parke Davis' prime property in Mumbai.

Jamal had entered into a 50:50 JV partnership with Mumbai-based Shobhit Rajan to a form Pantheon Infrastructure in 1999. Read more