Real Estate News Updates for July 01

Dear Readers,

Welcome to the latest edition of ETRealty's daily newsletter, RealtyDigest! Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate.

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Regulatory

EOW registers FIR against Noida-based Prateek Group

The FIR – which followed a complaint by the 20 buyers of Prateek Edifice in Sector 107 – named the owners Prashant and Prateek Tiwari, and senior managers Sunil Kumar Mittal and Anshuman Sharma.

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Industry

Godrej Properties buys TDR certificates for Gurugram project

This will help Godrej Properties construct an additional 300,000 sq ft of area, with a total revenue potential of Rs 900 crore, said people with knowledge of the matter.

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Smart City

Housing ministry extends smart cities mission deadline till March 2025

In the larger interests of the public, CM Revanth Reddy pleaded with the Central government for the extension of the Smart City Mission until the works are completed.

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Infrastructure

Delhi metro looks to open three phase-IV corridors by 2026

Delhi Metro Rail Corporation (DMRC) officials said the Phase 4 expansion project is progressing rapidly with a target of opening all three priority corridors comprising 65 kilometres of new lines by 2026.

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Residential

Godrej Properties acquires seven acres land in Bengaluru

Residential project, having a developable potential of approximately nine lakh sq ft with an estimated revenue potential of about Rs 1,200 crore.

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