#RealtyNewsRoundUp: DHFL To Raise Rs 375 Cr

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

Dewan Housing Finance Corporation (DHFL) has decided to raise Rs 375 crore by issuing non-convertible debentures on a private placement basis. The company has proposed to issue 3,750 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each, including greenshoe option on private placement basis. Read more

Realty developer Puravankara Projects is planning to invest Rs 480 crore to develop residential project Purva Silversands over 20 acres at Mundhwa in Pune. The Bengaluru-based developer had entered into a joint venture with developers Ekta World and Oxford Group in November, 2014, to develop a 30-acre land parcel. Read more

The Mumbai board of Maharashtra Housing and Area Development Authority (MHADA) will act as the nodal agency for redevelopment of 207 Bombay Development Directorate (BDD) chawls built in the 1920s. Minister of State for Housing Ravindra Waikar made this announcement in both the Houses of the State Legislature recently. Read more

New Members of Parliament (MPs) in the next Lok Sabha staying in four and five star hotels and overstaying at government expense will be a thing of the past from the next general election. The government is building a new hostel complex which can accommodate 100 new legislators. According to sources, the cost of this project, coming up behind the Western Court complex on Janpath, would be around Rs 40-50 crore as against the expenditure of Rs 25 crore incurred during 2014-15 by the government for five-star accommodation of the new MPs. Read more