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#RealtyNewsRoundup: Workshop Underway To Upgrade Smart City Proposals

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

The Union Ministry of Urban Development started a week-long workshop in Delhi for Bidhannagar, Durgapur and Haldia and the other shortlisted smart cities to help them upgrade their proposals to be submitted by June 30. Read more

AS the Centre has stared the process to lay down the ground rules of the newly passed Real Estate (Regulation and Development) Bill, 2016, developers are raising fresh funds to speed up the work on their pending projects. Under the new law, all real estate projects have to be registered with the real estate regulator. Read more

State-owned construction company National Buildings Construction Corporation (NBCC) said it had secured businesses worth Rs 1,900.79 crore in May. In its regulatory filing, the NBCC said that it had secured some big-ticket projects, including the redevelopment of exhibition centre of the International Trade Promotion Organisation (ITPO) for Rs 2,149 crore and the AIIMS redevelopment work worth Rs 5,828 crore, in the past one year. Read more

Realty developer Kanakia Group has acquired a 2.5-acre land parcel in the Kanjurmarg suburb of Mumbai from Windsor Realty for Rs 125 crore. The land parcel used to house a factory of battery-manufacturer Exide Industries until it was bought by Windsor Realty to develop a premium residential project. Read more

Tags: Mumbai, Real Estate Regulatory Bill, Smart city, Video, National Buildings Construction Corporation


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