In the fund, Rs 10,000 crore will be contributed by the central government and roughly the same amount will come from outside investors.
The FPCE has recommended an orientation course for all RERA officials in which they are counselled to stick to the brief.
The deal, at a little over Rs 32 crore an acre, is the costliest transaction in the neighbourhood that is about 16 km away from DLF Cyber City.
A series of economic shocks in the last few years have dented property-market sentiment like never before.
The flats, Supreme Court ruled, had come up in violation of Coastal Regulation Zone norms.
The latest measures are expected to boost much-needed liquidity, sentiment and demand creation.
The group runs its co-working business though Apeejay Business Centre (ABC), which is part of Apeejay Real Estate, a division of Apeejay Surrendra Group.
Hiranandani group firm Green Base will create a wind turbine park and warehousing set-up for Vestas India.
The built-to-suit development will be spread over half a million sq ft at the Industrial and Logistics Park, located within Hiranandani Parks, Oragadam.
A borrower will be able to avail of the guarantee from the proposed fund for a small fee.
The firm plans to set up 20mn sft of warehousing space across the country, with a total investment of about Rs 5000 crore over the next five years.
Indiabulls confirmed signing the term sheet with Blackstone for the commercial portfolio, without ascribing a value to the deal.
The company, which currently has 10m sq ft of commercial and residential projects under various stages of development, plans to deploy about Rs 3,500 crore over the next 5 years.
With a focus on premium luxury housing projects, the company also plans to build homes in Pune, Bengaluru and the National Capital Region.
The appellate tribunal also observed that CoC (Committee of Creditors) was not formed and promoters has cleared the amount claimed by the financial creditor.
Oberoi, Marrakech is spread across twenty-eight acres and is twenty five minutes away from the Djema el-Fna square and the ancient walled city.
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