#RealtyNewsRoundUp: Maruti Suzuki To Invest Rs 800 Cr In Real Estate

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

To develop sales and marketing infrastructure, automobile manufacturer Maruti Suzuki is exploring the possibilities to invest in real estate across India. Apart from that, the company also plans to set up an assembly facility in Africa. According to Chairman R C Bhargava, the company has allocated Rs 800 crore for building sales and marketing infrastructure. Read more

In response to Reserve Bank of India Governor Raghuram Rajan's call to slash home prices to stimulate demand, developers' body Confederation of Real Estate Developer's Association of India has said there is little room for any further price reduction. Read more

The Vadodara Municipal Corporation (VMC) has selected consultants to prepare its Smart City proposal. The civic body has zeroed in on a consortium of Tata Consulting Engineers (TCE) and PricewaterhouseCoopers (PwC) as consultants for the proposal. The proposal will be submitted to the government by June 25. Read more

With about 3,600 projects built over 3.59 billion sq ft, the country's green building footprint has emerged as the second largest in the world. The coverage can go up to 10 billion sq ft by 2022, said S Raghupathy, executive director of Indian Green Building Council (IGBC). Going by the trend India's green building footprint can be largest in world by 2022. Read more