MCHI NEWS

A STEP TOWARDS REVIVAL

Publication: TIMES OF INDIA Date : 10 JUNE 2017

The Brihanmumbai Municipal Corporation (BMC) is expected to reduce a few charges and penalties that have been levied upon the builders to counter the slowdown in the real estate sector

 RERA NEWS

RERA: Home buyers feel empowered

Publication: TIMES OF INDIA Date : 10 JUNE 2017

WITH THE NEW ACT IN FORCE, DEVELOPERS ARE CONFIDENT TO SEE POSITIVE CHANGES IN THE REAL ESTATE SECTOR

Declare PIN, don’t rename area: RERA

Publication: DNA Date : 10 JUNE 2017

It is common practice for builders to rename city’s areas to make them more appealing and attract buyers.

 CLUSTER REDEVELOPMENT NEWS

HC lifts stay, state clears 3 FSI for cluster redevpt in suburbs

Publication: TIMES OF INDIA Date : 10 JUNE 2017

The Bombay high court vacated its stay on the proposed FSI (floor space index) of 4 for cluster redevelopment

CONTI...

HC ruling paves way to revamp old buildings in Mumbai suburbs, Thane, Navi Mumbai

Publication: HINDUSTAN TIMES Date : 01 JUNE 2017

Mumbai city news: The state said it will roll out a much-delayed cluster redevelopment policy after Bombay HC cleared the decks

 SBI NEWS

SBI cuts home loan rates for above Rs 75 lakh

Publication: TIMES OF INDIA Date : 10 JUNE 2017

State Bank of India (SBI), the largest home loan provider, has cut interest rates on home loans above Rs 75 lakh by 10 basis points (100bps = 1 percentage point) to 8.55% for salaried women borrowers and 8.60% per annum for others.

REALTY NEWS

Fitch retains Lodha’s ‘B’ credit rating

Publication: FINANCIAL EXPRESS Date : 10 JUNE 2017

Fitch has affirmed realty firm Lodha Developers' credit rating at 'B' and maintained negative outlook, even as the company's sales booking rose to over Rs 6,900 crore last fiscal despite demonetisation.