11TH JANUARY 2018

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MCHI-CREDAI

RERA NEWS

     

MahaRERA Rap For Mumbai Builders

Publication: MID-DAY Date : 11 JANUARY 2018
The Authorities Are Upset That Numerous Builders In Mumbai Are Using Intent Of Disapproval As Permission For Construction; Says Commencement Certificate Is The Stage After Obtaining IOD

WORLD REPORT NEWS

     

India to be fastest growing economy again in 2018: World Bank

Publication: HINDUSTAN TIMES Date : 11 JANUARY 2018
After conceding the top spot in economic growth among major economies to China for a year in 2017, India is likely to regain the position in 2018 with growth expected to accelerate to 7.3% in the year,

KNIGHT FRANK NEWS

     

Co-working space demand increasing rapidly: Knight Frank report

Publication: DNA Date : 11 JANUARY 2018
Co-working space may be a very new term in Mumbai, but a recent report by real estate firm Knight Frank admits that co-working demand had a huge role to play in the jump in transaction in office space market in the second half of 2017.
     

Home launches dived 78% in 2017 from 2010 peak? Here is what Knight Frank report says

Publication: FINANCIAL EXPRESS Date : 11 JANUARY 2018
New home launches in 2017 fell by 41% to 1,03,570 units from 1,75,822 units a year ago, according to the eighth edition of Knight Frank's flagship half-yearly report.

CONTI...

     

Home sales drop to seven-year low in 2017: report

Publication: MINT Date : 11 JANUARY 2018
Regulatory changes, high levels of unsold inventories and weak consumer sentiment have led to a sharp fall in home sales and launches last year as developers scrambled to complete projects,
     

Realty prices in Mumbai fall by 12%; first drop since 2010

Publication: HINDUSTAN TIMES Date : 11 JANUARY 2018
Faced with a realty slowdown and depleting sales, builders have, for the first time since 2010, reduced real estate prices by an average 11%-12 % in the Mumbai Metropolitan Region (MMR).
     

Knight Frank India Report: Biggest drop in housing prices in a decade

Publication: THE INDIAN EXPRESS Date : 11 JANUARY 2018
Housing prices in Mumbai declined by 5 per cent on a year-on-year basis in 2017, the biggest in a decade, claimed a report published by real estate consulting firm Knight Frank India.
     

Home rates in city down by over 10%, says report

Publication: TIMES OF INDIA Date : 11 JANUARY 2018
Mumbai: Home prices dropped for the first time this decade by over 10% in the Mumbai Metropolitan Region (MMR), said a Knight Frank India report (July-December 2017) released on Wednesday.

FDI NEWS

     

To bring in more FDI, rules eased in retail, airlines, real estate

Publication: THE INDIAN EXPRESS Date : 11 JANUARY 2018
The government also allowed investment up to 49 per cent under approval mechanism in Air India to facilitate its divestment process
     

FDI opens M&A floodgate for real estate brokers

Publication: DNA Date : 11 JANUARY 2018
Real estate market may see merger and acquisitions (M&As) with the Union Cabinet approving 100% foreign direct investment (FDI) in realty broking services.

RR RATE NEWS

     

Cabinet panel to set RR rate

Publication: TIMES OF INDIA Date : 11 JANUARY 2018
Mumbai: A cabinet subcommittee headed by revenue minister Chandrakant Patilhas been setup todecide on the Ready Reckoner (RR) rate.

FSI NEWS

     

Miffed BMC to oppose 25% reduction in FSI

Publication: THE ASIAN AGE Date : 11 JANUARY 2018
Mumbai: The Brihanmumbai Municipal Corporation (BMC) will oppose the state government’s decision to reduce 25 per cent share of the civic body from revenue accrued from the grant of 0.5 premium FSI in the island
     

Good move to hike FSI in South Mumbai but infrastructure must improve

Publication: DNA Date : 11 JANUARY 2018
The proposed amendment to increase the FSI for redevelopment of buildings by 0.5 will help a lot of non-cessed buildings that get lesser FSI compared to the cessed ones.

CITY NEWS

     

‘Register docus for flats on collector’s land after NOC’

Publication: TIMES OF INDIA Date : 11 JANUARY 2018
Mumbai: The registrar’s offices across the city have stopped registering sale and lease documents for houses and commercial tenements on collector’s land. Sedhuraman Iyer, a broker from Chembur,
     

Malabar Hill, Grant Road to get three community composting facilities

Publication: DNA Date : 11 JANUARY 2018
The Brihanmumbai Municipal Corporation (BMC) has proposed to develop three community composting facilities in D ward since space constraint is a major hurdle for housing societies in Malabar Hill,
     

Meet on Jan 16 to discuss stamp duty, fees revision

Publication: DNA Date : 11 JANUARY 2018
The city is witnessing a rising demand for abolition of stamp duty, registration fee and Ready Reckoner rates in the wake of Goods & Services Tax (GST).

REALTY NEWS

     

Income-tax department's Benami advertisement leave property owners jittery

Publication: BUSINESS STANDARD Date : 11 JANUARY 2018
For scores of chartered accountants (CAs) and tax experts across the country, their phones did not stop ringing since Wednesday morning.
     

Realty: Cementing growth in 2018

Publication: BUSINESS LINE Date : 11 JANUARY 2018
Real estate sector was, perhaps, the most affected sector of the Indian economy last year, but the story is far from over.
     

Palais Royale promoter not paying ₹600cr loan: Lender

Publication: TIMES OF INDIA Date : 11 JANUARY 2018
Mumbai:The promoter of India’s tallest under-construction residential building, Palais Royale at Worli, has been accused of defaulting on a construction loan of over Rs 600 crore.

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