#RealtyNewsRoundup: Chhattisgarh Govt To Spend Rs 50,000 Cr To Develop Infra, Telecom & Rail Corridor

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

Top News

Chhattisgarh Chief Minister Raman Singh has announced that the state government will spend Rs 50,000 crore on developing infrastructure, telecommunication facilities and rail corridor over next three years. Read more 

A case has been registered against three Delhi-based real estate companies for duping people for around Rs 1.98 crore. The companies have duped people on the pretext of booking flats in a residential project. A First Information Report (FIR) has been registered under relevant sections of Indian Penal Code (IPC) at Delhi Police's Economics Offences Wing for criminal breach of trust and cheating. Read more

The Ghaziabad Development Authority (GDA) has identified 20 private developers for allegedly flouting the economically weaker section (EWS) housing rules, which mandate 10 per cent of total flats to be allocated to people in the EWS category. Read more

Off the frontpage

Reliance Industries Limited (RIL) has filed a petition in Gujarat High Court. The company questioned the provisions of the 2013 land acquisition laws. Under the law, the acquisition is considered void in case the state government fails to pay any compensation and take possession of the acquired land within five years. Read more