#RealtyNewsRoundup: Maharashtra To Form 10-Billion Fund To Build Infrastructure
Description
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
The Maharashtra government plans to form a fund worth $10 billion to build infrastructure in Mumbai and other cities in the state. The state may also use these funds to lower its debt. With a debt liability to the tune of Rs 3.3 lakh crore, the state has been struggling to upgrade its infrastructure. Read more.
The Competition Commission of India (CCI) has rejected complaints against real estate major DLF. The company was accused of engaging in unfair business practices in the sale of a residential plot in Uttar Pradesh capital Lucknow. Read more.
The Mumbai Metro will raise Rs 1,000 crore by selling a three-hectare plot in the Jogeshwari-Vikhroli Link Road. The money is being raised for the Colaba-Bandra-Seepz underground Metro-III corridor. Read more.
The Gujarat government notified nearly 2,500 properties in Ahmedabad's Walled City as heritage properties. A high-powered UNESCO team is expected to arrive in Ahmedabad to decide whether the city deserves to be classified as a world heritage city. Read more.