#RealtyNewsRoundup: DIFC To Sign MoU With GIFT City

Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding with Gujarat International Finance Tec-City (GIFT) to encourage further cooperation and collaboration between the financial centres.

Areas of co-operation included in the MoU are the sharing of best practices of mutual interest and exchange of information on trends in relevant international financial services activities and products, within the FinTech field.

Real estate developer Vatika Group has tied up with Green Rating for Integrated Habitat Assessment (GRIHA) Council for implementation of the green building concepts and obtaining GRIHA rating for over five million square feet of building space. GRIHA Council will be helping Vatika in setting up a project implementation unit for executing GRIHA certification

The National Consumer Disputes Redressal Commission (NCDRC) has directed Parsvnath Developers Limited to submit list of all the home buyers residing in Parsvnath Exotica, a project in Ghaziabad, within four weeks for redressal of their grievances.

The commission will also issue notices to all the allotted except the complainants and those who have already approached any consumer forum for the redressal of their grievances.

The Sahara group could lose its marquee Plaza Hotel in New York along with a string of valuable real estate in several Indian cities with the Supreme Court asking it to deposit Rs 5,000 crore of the Rs 14,000 crore outstanding by April 17. As the SC asked the group to pay up, it was surprised when a little-known Texas enterprise, MG Capital LLC, promised to buy the hotel for over Rs 4,000 crore.