Real Estate News Update for January 30

Real Estate News Update for January 30

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Regulatory

Bankruptcy court approves J Kumar Infraprojects' bid for Pranav Construction

The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd.

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Housing Finance

Reliance Home Finance headed for voluntary liquidation, surrenders CoR

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.

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Industry

Ahmedabad civic body gets Rs 3.20 lakh per sq metre for plot opposite Rajpath Club

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 Business Parks REIT's net profit up 16.05% in Q3 FY24

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.

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Infrastructure

Haryana: 100 illegal colonies on 500 acres razed, DTCP will now recover cost

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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