#RealtyNewsRoundup: Navi Mumbai Airport To Take Off Next Month

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

Two decades after the proposal took shape, the work on the construction of the Navi Mumbai International Airport is set to start next month. Prime Minister Narendra Modi is expected to lay the foundation stone of the Rs 16,500-crore project in October-end.

Aptus Value Housing Finance India, which caters to the affordable housing segment, claimed to have received Rs 270 crore investment from equity investors, including WestBridge Capital Partners LLC and India Financial Inclusion Fund. The company plans to leverage the funds to expand to new markets in Karnataka, Kerala and Andhra Pradesh.

Markets watchdog Securities and Exchnage Board of India (Sebi) has lined up another 13 properties of the Sahara Group for an e-auction to be held next month at a reserve price of about Rs 1,400 crore. This is in addition to 58 properties of the group that were scheduled to be auctioned in July. HDFC Realty will auction seven properties on October 27 at a reserve price of more than Rs 710 crore, while SBI Caps will auction six properties on October 25 at a reserve price of over Rs 672 crore

Godrej Properties, real estate development arm of Godrej Group, has acquired a 12-acre land parcel off the Sarjapur Road in south Bengaluru. The company plans to develop around 1-million sq ft residential project, which will be developed in partnership with Godrej Residential Investment Program II.

Source: Media reports

Tags: Narendra Modi, Karnataka, Video, Bengaluru, Godrej Properties


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