#RealtyNewsRoundup: HDIL Sells Kurla Land Parcel For Rs 649.15 Cr
Realty News Roundup is PropGuide's selection of top stories from the real estate sector.
Top News
Real estate developer Housing Development & Infrastructure Ltd (HDIL) has sold the development rights of its land parcel at Kurla in Mumbai for a whopping Rs 649.51 crore. The four-acre land parcel has been bought by DK Realtor, a subsidiary of Dheeraj Realty. Read more
Reality firm SARE Homes has raised around Rs 200 crore from a global investment firm Kohlberg Kravis Roberts (KKR) for the development of its township in Gurgaon. The company is promoted by London-based Duet group, which is a global asset and real estate management firm. Read more
The Centre has approved an aid of Rs 678 crore for 73 projects to build residential property for the economically weaker section (EWS) in Telangana. Under the project, 45,217 houses will be built in 19 cities and towns of the state. The announcement was made by Union Labour Minister Bandaru Dattatreya. Read more
Off the frontpage
The revenue department of Kolhapur has issued notices to more than 17,000 property owners for not paying the transfer of land use taxes to the tune of Rs 55.98 crore. Read more
The Claridges, which is a fixture of Mumbai's Lutyens' zone since 1952, is likely to go under the hammer soon. The asking price for the property is speculated to be around Rs 1,500 crore. Reports unveil that two potential buyers have approached the owners of the hotel – one is a Mumbai-based family and other is a luxury hotel chain. Read more