Realty News Round-Up: Shenzhen To Invest $200 Mn In Gujarat's Smart City Projects

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

Top News

China's Shenzhen city plans to invest $200 million in Gujarat's smart city projects. The two projects, one each in Ahmedabad and Gandhinagar, will be developed by ZTEsoft. It was during Prime Minister Narendra Modi's visit in May, that the Shenzhen government had inked two memorandum of understanding (MoUs) with the government of Gujarat to provide co-operation and investment. Read more

The global investment company, Xander Group, plans to expand its real estate portfolio in India. The company has been operational in India for more than a decade now and owns 66 million sq ft of real estate assets across the country. The expansion will be made in retail, commercial and residential real estate. Read more

United Arab Emirates (UAE) has announced it plans to invest $75 billion in India's key sectors including housing, ports, railways, roads, and renewable energy. The investment will be made through Abu Dhabi Investment Authority (ADIA). Read more

Off the frontpage

The State Bank of Travancore (SBT) has launched an affordable housing loan scheme to promote Centre's ambitious project, Housing for All by 2022. Under the scheme, the loans will be extended to two types of beneficiaries — a) those with a household annual income of up to Rs 3 lakh under the economically weaker sections and b) those with a household annual income between Rs 3,00,001 and Rs 6 lakh under the low-income group. Read more

BlackSoil Realty will invest Rs 25 crore in Ahuja Constructions' upcoming residential project O2, located in Mumbai's Sion locality. The project will have seven buildings spread over 2.5 acres of area and is scheduled to be completed by 2019. Read more