Real Estate News Update for January 30
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Regulatory
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd.
Housing Finance
In a move aimed towards voluntary liquidation, the Reserve Bank of India has approved Reliance Home Finance's decision to exit the home finance business, according to the disclosures made by the erstwhile Anil Ambani company to the stock exchange.
Industry
AHMEDABAD: The civic body on Monday struck a landmark deal in its land e-auction, netting its priciest plot ever and exceeding expectations with the sale of one out of its eight offered plots.
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Industry
Mindspace REIT's net operating income (NOI) grew by 10.4% year-on-year in Q3 FY24 to Rs 473 crore. It recorded NOI of Rs 1,419 crore for the nine month period in FY24, registering a 12.8% growth year-on-year.
Infrastructure
GURUGRAM: The enforcement wing of town and country planning department (DTCP) has issued recovery notices to around 100 land owners, who were involved in carving out illegal colonies in Gurgaon, Sohna, Pataudi and Farrukhnagar.
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