PROPGUIDE − A Complete Property Guide
#happyhome

#RealtyNewsRoundup: Tamil Nadu Faces HC Ire Over Land Record Digitisation

Loading video...

Description

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

The Madras High Court has rapped the Tamil Nadu government state for failing to digitise land records in the state. The high court has summoned the state revenue secretary in the court on November 10 to answer in this regard.

Cash-strapped Haryana Urban Development Authority (Huda) is planning to auction 17 commercial properties in Rewari and Dharuhera on November 1. With the auction of 13 shops in Rewari and four shops-cum-offices in Dharuhera, the urban body is expected to raise around Rs 25 crore. Huda had listed several commercial properties in Gurgaon, Rewari and Dharuhera for auction in March, but had failed to attract buyers.

Cerestra Advisors Ltd, a real estate-focused private equity company, has bought Alexandria Knowledge Park at Genome Valley in Hyderabad for Rs 400 crore. The property, which counts tenants such as Swiss pharmaceutical giant Novartis, was previously owned by New York-based Alexandria Real Estate Equities. The Hyderabad park has leased office space of 500,000 sq ft but its total built-up potential is 2.5 million sq ft.

The 17-lender consortium led by State Bank of India will auction Goa’s Kingfisher Villa today. The reserve price for the sea-facing plush property once-owned by Vijay Mallya has been set at Rs 85.29 crore. Mallya owes over Rs 9,000 crore to lenders like SBI, PNB, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank, among others.

Source: Media reports

Tags: Gurgaon, Hyderabad, Goa, SBI, Video, Tamil Nadu, Haryana Urban Development Authority, Dharuhera, propguide, PNB, Vijay Mallya, Rewari, Madras, Cerestra Advisors Ltd, Alexandria Knowledge Park, Genome Valley in Hyderabad, IDBI Bank, BoB, Allahabad Bank, Federal Bank and Axis Bank


#RealtyNewsRoundup: Huda To Tweak Payment Policy Of Properties Sold In Auction

Here are today's top news stories from the real estate sector.

October 12 2016

+ Click Here To Read This Article

SBI, PNB, Citi India Slash Lending Rates, Affordable Homes To Get More Affordable

In his address to the nation on the New Year’s Eve, Prime Minister Narendra Modi urged banks to make lower-middle class and middle-class their areas of focus. PM’s speech has prompted several banks, including India’s largest lender SBI, to slash lending rates. The move is likely to give an added push to the affordable housing segment.

January 02 2017

+ Click Here To Read This Article

#RealtyNewsRoundup: Sebi Relaxes Norms For REITs And InvITs

Here are today's top news stories from the real estate sector.

December 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Malabar Group Debuts In Real Estate Sector

Here are today's top news stories from the real estate sector.

November 11 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Gujarat Keeps Its Deadline With Real Estate Act

Here are today's top news stories from the real estate sector.

November 01 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Govt To Sell 15% Stake In NBCC Today

Here are today's top news stories from the real estate sector.

October 20 2016

+ Click Here To Read This Article

#WeeklyNewsRoundup: Delhi Govt Asked To Submit Fresh Proposal on Circle Rates

Here are the week’s top news stories from the real estate sector.

October 08 2016

+ Click Here To Read This Article

#RealtyNewsRoundup: Real Estate Act Finalised

Here are today's top news stories from the real estate sector.

October 04 2016

+ Click Here To Read This Article

Here are the week’s top news stories from the real estate sector.

According to a report by Oxford Economics research, significant changes are expected in the world...

Real Estate Investment Trusts are most anticipated subjects for the realty sector. It is the...

The Akrama-Sakrama Scheme came into force in March 23, 2015. The owners now have an extended...

Union Urban Development Minister Venkaiah Naidu says India will soon have a more efficient parking...

Reports show authorities in Noida are mulling an exit policy for developers to surrender vacant...

Here is all you need to know about 'betterment fees'.

A building code is a set of norms that govern construction of buildings by stipulating minimum...

Proptiger has released it's quarterly review report on India's real estate sector. Ankur Dhawan,...

PropGuide simplifies complex real estate jargons for you.

Sunil Mishra, Chief Business Officer, PropTiger, talks on new online realty platforms for NRIs.

Subscribe Now

To stay tuned with real estate updates

Pick:

x +

Drop Your Query here


Top