#RealtyNewsRoundUp: Developers Offer Freebies & Foriegn Trips To Lure Buyers

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

Top New

Chief Minister of Haryana Manohar Lal Khattar has ordered for the completion of Dwarka Expressway by June 2017. This is the eighth deadline that has been set for the project. It was initially slated to be completed in 2010. The proposed 150-metre-wide expressway, connecting Dwarka and NH-8, was planned in 2006. Read more

In order to attract more buyers property developers are now giving away various freebies. This includes free stamp duty and registration fee and even a free trip to Dubai on booking a flat. Also, one can book a flat paying only five percent and rest of the amount at the time of possession, according a DNA report. Read more

Mortgage lender HDFC's property arm HDFC Property Fund, has exited Embassy Group's Bengaluru project with 2.5 times returns, according to a Business Standard report. The project is located in Devanahalli area and consists of plotted developments, villas and bungalows. Read more

Off the frontpage

A Delhi court has granted bail to Unitech Chairman Ramesh Chandra, Managing Directors Sanjay Chandra and Ajay Chandra and Director Minoti Bahri in alleged cases of cheating filed by two investors. This bail was given they gave an undertaking that they will honour the order of a State Consumer Forum and settle all pending dues to the complainants, news agency PTI reported. Read more

Real estate developer Supertech has paid Rs 415 crore to PE firm Xander Group for partial exit from the company, according to a report by The Economic Times. Xander Group had invested in the Supertech's township project in Gurgaon's Sector 79 about a year and a half back. Read more