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1.Our entry into the affordable housing segment has been a major factor

Brigade is one of India’s leading developers with over three decades of experience in building positive experiences for all its stakeholders.

2.MahaRera Suggests appointing multiple agencies to drive OCs to projects

Move to help avoid monopoly of single person holding up project’s OC. More than 700 projects have got delayed OC although developers applied for OC on time.

3.Shapoorji Pallonji partnering with Allianz to set up $500 million real estate fund

Allianz Group is collaborating with Shapoorji Pallonji to set up SPREF II – a $500 million real estate fund. The fund will be used to invest in commercial properties in India. This is the first investment by Allianz Group in India’s real estate, and is part of the group’s strategy to assign 5 per cent of its real estate portfolio to APAC region.

4.NBCC to begin construction of stalled projects

NBCC (India) will start construction work on 11,400 flats of the stalled Amrapali projects in December. It has already started to raise funds to restart the construction works of Amrapali.

5.Piramal Fund Management invests Rs 700 crore in two commercial projects in Mumbai

Piramal Fund Management (PFM) has deployed Rs 700 crore collectively against two commercial properties – Reliable Tech Park and Empire Towers – in suburban Mumbai. As per reports, PFM will release the fund in tranches as the projects near completion.

6.JP Morgan invests Rs.200 cr

JP Morgan Asset Management has invested about Rs 200 crore in Singapore-headquartered Assetz Property Group, which develops residential and commercial properties in southern India.

7.SBI to auction distressed properties every quarter

As the first e-auction did not deliver the desired results, SBI has decided to auction off the distressed retail and commercial properties separately in the upcoming auction.

8.India realty show held in Dubai for three days

Media reports say that the three-day Indian Property Show at Dubai World Trade Centre, featuring over 100 developers showcasing properties ranging from Rs 1 million to Rs 230 million, opened on June 20. The 12th edition of the show running at Hall 8 showcases properties including apartments, villas, row houses, commercial properties and plots is expected register brisk business from NRI community in the backdrop of a depreciated rupee.

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