#RealtyNewsRoundup: Bombay HC Seeks Details Of Plots From State On Rehabilitation Of Mill Workers

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

The Bombay High Court has asked the Maharashtra Housing and Area Development Authority (MHADA) to provide the details of the plan to rehabilitate mill workers of the state. The court also sought to know how many plots were set aside to rehabilitate mill workers and build affordable houses. Read more.

According to a draft definition released by the Ministry of Environment and Forests, large tracts of Aravalis may not be classified as forests. The classification of forests will leave out scrub forests that have less than 10 per cent crown cover.  According to the draft notification, only dense forests with a crown cover greater than 10 per cent will be classified as forests. Read more.

JP Morgan, IBM and Wells Fargo have plans to acquire premium office space in Hyderabad. JP Morgan and IBM are expected to acquire property in a special economic zone that is being formed in Hyderabad. Earlier, Apple, Google and Amazon had chosen the city as their second-largest development centres in the world. Read more.

Wadhawan Global Capital group may merge two housing finance entities, Aadhar and DHFL Vaisya, by the end of this financial year. At present, DHFL has a 14.5 per cent stake in Aadhar Finance and a 9.47 per cent stake in DHFL Vaisya. Read more.