Real Estate News Update for August 27
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EFC, a wholly-owned unlisted subsidiary of EFC (I), has acquired 49,556 sq ft office space in Pune worth over Rs 80 crore.
National Green Tribunal (NGT) has asked the Centre to initiate proceedings against the UP housing board commissioner for not appearing before the tribunal during a hearing on encroachments of green belts in Vasundhara.
UltraTech Cement has raised US$500 million through a sustainability-linked loan with participation from six banks.
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Realtors' body Naredco has urged the Centre to direct the Uttar Pradesh government to announce relief measures for the completion of stalled housing projects.
Global institutional investors including private equity major Blackstone Group, Singapore's sovereign wealth fund GIC and Japanese shipping major Mitsui OSK Lines have bid to acquire LOGOS India's select logistics assets portfolio, which spans nearly 5 million sq ft, said people with direct knowledge of the development.
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