10TH NOVEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

Does RERA apply to plotted development scheme?

Publication: AFTERNOON DC Date : 10 NOVEMBER 2017
In a redeveloped project, building construction is over, OC is still not received, possession not given. Can a person purchase a flat from original member of the society under Real Estate  ( RERA)?
     

Haryana property market: RERA notices issued to 140 projects

Publication: FINANCIAL EXPRESS Date : 10 NOVEMBER 2017
According to the Haryana Real Estate (Regulation and Development) Act, projects that did not have an occupation certificate or had not applied for an OC as on the date of the notification of the Act
     

No fine for reviving stalled projects under RERA

Publication: THE ASIAN AGE Date : 10 NOVEMBER 2017
Mumbai: The Real Estate (Regulation and Development) Act 2016, which is usually seen as being pro-buyers, offers a range of provisions for the promoters of real estate projects.

DEMONETISATION NEWS

     

Home sales across India dip by 36% post demonetisation: Report

Publication: ET REALTY Date : 10 NOVEMBER 2017
NEW DELHI: Average home sales in the top 10 cities across India has declined by 36% post demonetisation, with Bengaluru registering the maximum drop of 45%, according to a report by property portal PropEquity.

CITY NEWS

     

Slow place of spending may hit Maharashtra’s development projects

Publication: HINDUSTAN TIMES Date : 10 NOVEMBER 2017
In the first seven months of this fiscal, the BJP-led state government has spent only 26.66% of its total outlay meant for capital assets such as infrastructure.

OTHER CITY NEWS

     

NGT bans construction, industrial activity in Delhi-NCR

Publication: ET REALTY Date :10 NOVEMBER 2017
NEW DELHI: With deadly smog blanketing Delhi and the neighbouring states for the third day, the National Green Tribunal today banned construction and industrial activities and entry of trucks, as it rapped the Delhi government and civic bodies over the situation.

REALTY NEWS

     

Bourses, brokers protest Sebi diktat on client order evidence

Publication: MINT Date : 10 NOVEMBER 2017
Mumbai: The country’s top brokerages and stock exchanges have collectively protested against the Securities and Exchange Board of India’s (Sebi) recent diktat,
     

NBFCs target micro, small companies to grow business

Publication: MINT Date : 10 NOVEMBER 2017
Mumbai: Non-banking finance companies (NBFCs) are increasingly lending to micro and small enterprises as greater intent to repay, short-term loan requirements,
     

IIFL Investment Managers to raise $500 million real estate credit fund

Publication: MINT Date : 10 NOVEMBER 2017
Mumbai: IIFL Investment Managers, the wealth and asset management business of IIFL Holdings Ltd, is launching its latest real estate debt fund with a target corpus of almost $500 million, said a senior executive of the firm.
     

Have safeguards in place while outsourcing, RBI tells NBFCs

Publication: BUSINESS LINE Date : 10 NOVEMBER 2017
MUMBAI, NOVEMBER 9: The RBI on Thursday asked non-banking finance companies (NBFCs) to put in place necessary safeguards for activities outsourced by them.
     

Indians biggest foreign property buyers in Dubai again

Publication: INDIA POST Date : 10 NOVEMBER 2017
Indian invested rs 42,000 crore between January 2016 to June 2017

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