RERA NEWS

Buying property? Here’s how RERA will stop diversion of money from a specific project

Publication: FINANCIAL EXPRESS Date : 10 MAY 2017

The Real Estate (Regulation & Development) Act (RERA) which came into effect on May 1, 2017 is a significant initiative that reflects the government’s commitment to bring greater momentum to India’s real estate industry.

100 real estate brokers in Mumbai register with RERA in just 9 days

Publication: HINDUSTAN TIMES Date : 10 MAY 2017

Around 100 real estate agents and brokers have registered themselves with the Real Estate (Regulation and Development) Act, (RERA) authority since it came into effect nine days ago.

 CLSA REPORT NEWS

$1.3 trillion housing boom set to be India’s next growth driver

Publication: MINT Date : 10 MAY 2017

CLSA India says 60 million new homes would be built between 2018 and 2024, creating about 2 million jobs annually and giving a tailwind to India’s GDP

$1.3 trillion housing boom set to be India’s next growth driver

Publication: BLOOMBERG Date : 10 MAY 2017

In a country where slums sit cheek-by-jowl next to palatial luxury -- including what’s been reported as the world’s most expensive private home -- India’s unhoused may soon become a more potent economic growth driver.

 AFFORDABLE HOUSING NEWS

Affordable Housing Now a Big Draw for PE Investors, NBFCs

Publication: ECONOMIC TIMES Date : 10 MAY 2017

Bengaluru | Mumbai   Infra status, speedy approvals and other incentives make the space attractive Large private equity firms and non-banking finance companies are now getting interested in affordable housing,

 GST NEWS

GST logjam ends, but Sena’s hardball tactics irk the BJP

Publication: HINDUSTAN TIMES Date : 10 MAY 2017

The logjam over the Goods and Services Tax (GST) between warring allies BJP and Shiv Sena may have been resolved on Tuesday with the state cabinet — including Sena ministers — clearing the proposed tax bill.

 INFRA NEWS

METRO-3 TO HAVE STOPS INSIDE T2, MUMBAI CENTRAL

Publication: HINDUSTAN TIMES Date : 10 MAY 2017

Mumbai, May 10 -- Soon, you will be able to use the city's first underground metro corridor to step right

CONTI...

Now, 1.5km stretch of SGNP faces axe for highway project

Publication: TIMES OF INDIA Date : 10 MAY 2017

Mumbai:   About 1.5km of the Sanjay Gandhi National Park (SGNP) will be deforested to widen the Dahisar-Surat section of the Mumbai-Ahmedabad National Highway 8.

 OTHER CITY NEWS

Illegal building in Hyderabad to be brought down today

Publication: HINDU Date : 10 MAY 2017

A day after an attempt was made to raze an illegal structure using the implosion technology, the GHMC (Greater Hyderabad Municipal Corporation) went about with manual work inside the leaning under-construction building.

 REALTY  NEWS

UP, Maharashtra, Gujarat account for bulk of real estate investment: study

Publication: BUSINESS LINE Date : 10 MAY 2017

LUCKNOW, MAY 9: Uttar Pradesh, Maharashtra and Gujarat account for over half of the total real estate and construction sector investments in the country as of December 2016, industry body Assocham said in a recent study.

PM Modi calls for all-solar power city model, stresses job creation

Publication: THE INDIAN EXPRESS Date : 10 MAY 2017

Prime Minister Narendra Modi has called for establishment of model solar cities where the power needs are fulfilled solely by solar energy and gave thrust to manufacturing of solar equipment, which will also help generate employment.

Registration and Stamps Department: Info on property ownership, loans to be available online

Publication: THE INDIAN EXPRESS Date : 10 MAY 2017

The information available with us about property registration, along with the information available with the courts and the banks, will now be provided on one platform,” said Kawade.