#RealtyNewsRoundup: Lodha Group Mulls IPO; Godrej Sells Homes Worth Rs 700 Cr

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

Top News

India's largest real estate developer by sales, Lodha Group, was contemplating launching an initial public offering (IPO) of equity, Business Standard reported. The report said the company was vetting proposals from investment bankers for the IPO mandate. The firm aims to raise between Rs 2,500 crore and Rs 3,000 crore. Read more.

Godrej Properties Ltd on Monday announced that it had sold 300 apartments within a week at its flagship project, The Trees, in Vikhroli, Mumbai. The company said the sales represented more than 80 per cent of the 374 apartments it opened for sale in the first phase of the project. The value of apartments sold is in excess of Rs 700 crore. Read more. 

Off the frontpage

In consultation with the Madhya Pradesh government, the Centre is working out a financial model of an estimated Rs 8,000 crore for Bhopal's smart city proposal, says a The Times of India report. This comes ahead of the submission deadline of December 15 for the Centre's ambitious smart cities project. Read more.

To encourage developers to construct more green buildings in Rajarhat, the New Town Kolkata Development Authority has decided a two per cent reduction in the building plan sanction fee, The Times of India reported. Read more. 

Companies like Flipkart, Amazon, Asian Paints, Ranbaxy and Blue Dart have absorbed warehousing space in Kolkata heavily and this has raised the industrial and logistics real estate transactions in West Bengal over the past year and a half, The Economic Times reported. Read more.