#RealtyNewsRoundUp: New Policy To Curb Developers From Retaining Registration Charges In Gurgaon

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

The new policy by Haryana's town and country planning department which curbs the unauthorised retention of investors' money by developers in the name of registration charges, comes as a relief for home buyers in Gurgaon. Under the new policy, developers will have to execute conveyance deed within 15 days of receiving the registration fees from home buyers. In case they are unable to do so, they will have to refund money to the allottees. Read more

The renewed smart city project submitted by Kanpur Municipal Corporation (KMC) has been approved by the Ministry of Urban Development. Under the new proposal, KMC will float tenders for preparing the project by a new company. Read more

Pune Municipal Corporation (PMC) has been urged by urban planners, architects and other infrastructure experts to monitor the performance of green buildings in the city, and not just incentivising these structures. PMC had recently inked a memorandum of understanding (MoU) with Indian Green Building Council (IGBC) and finalised a green building rating system for the upcoming buildings. Read more

L&T Infrastructure Finance has announced its plans to raise Rs 200 crore via non-convertible bonds (NCB) on a private placement basis. The NCBs will be secured and redeemable with the face value of Rs 25 lakh each amounting to Rs 100 crore with an option to retain over subscription of Rs 100 crore. Read more

Celebrity couple Twinkle Khanna & Akshay Kumar will be the brand ambassadors for Lodha Group's upcoming project Amara in Thane. The project will offer 1BHK, 2BHK and 3BHK apartments, which will be housed in 30 storied towers. The project will have nearly 85 per cent open space. Read more