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11TH MAY 2017

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MCHI-CREDAI

 RERA NEWS

     

RERA effect: Land prices likely to decline

Publication: DNA Date : 11 MAY 2017
With an aim to regulate the real estate sector, the Real Estate and Regulatory Authority (RERA) Act was brought into effect on May 1, and homebuyers may benefit further as a decline in land prices is likely.
     

Homebuyers Reach Out to Fadnavis

Publication: ECONOMIC TIMES Date : 11 MAY 2017
Mumbai   WANT MAHA CM TO REVOKE DILUTED RERA RULES AND NOTIFY NEW ONES A pan-India homebuyers' pressure group, `Fight for RERA', has reached out to the Maharashtra government over the issue of dilution in the state's rules under Real Estate Regulatory Act (RERA).
     

PE investors cautious on real estate Rera

Publication: BUSINESS STANDARD Date : 11 MAY 2017
Private equity (PE) investment in Indian real estate fell to $3.1 billion (Rs 20,000 crore) in 2016 from $3.6 billion in 2015, with investments in housing projects during this period more than halving to $1.1 billion (Rs 7,100 crore).
     

RERA to deliver a debt blow to developers

Publication: BUSINESS STANDARD Date : 11 MAY 2017
The Real Estate (Regulation & Development) Act, or RERA, would push up debt levels of real estate developers and lead to continued negative cashflows, say property developers and analysts.

 DP NEWS

     

DRAFT DP OFFERS MANGROVE LAND ON A PLATTER TO CITY'S BUILDERS

Publication: MUMBAI MIRROR Date : 11 MAY 2017
Draft DP 2014-2034 says Mumbai's land area has increased by 40 sq km ­ about the size of 4,000 Oval Maidans ­ in the last 25 years
     

Draft Development Plan 2014-2034: Two extensions later, 22 suggestions yet from corporators

Publication: THE INDIAN EXPRESS Date : 11 MAY 2017
Mayor says further plan of action at next group leaders’ meeting after all suggestions and objections are submitted

 NATIONAL NEWS

     

Smart cities get stuck in slow lane

Publication: BUSINESS STANDARD Date : 11 MAY 2017
Prime Minister Narendra Modi’s ambitious Smart Cities Mission has made only halting progress since its launch two years ago. Lukewarm response from private investors and turf battles between government agencies have ensured projects are off to a slow start.

 CITY NEWS

     

BMC to exclude 33 hectares land at Aarey from non-dvpt zone

Publication: THE ASIAN AGE Date : 11 MAY 2017
Mumbai: Despite Shiv Sena’s strong objections, the Brihanmumbai Municipal Corporation (BMC) — acting on the state government’s directives — has decided to exclude 33 hectares of land at Aarey Colony from the Non-Development Zone (NDZ) for the construction of Metro-3 car shed and workshop.

 REALTY  NEWS

     

Hunt for bargains in home loan offset account

Publication: DNA Date : 11 MAY 2017
My question is with reference to your Q&A that is published regularly in DNA Money.
     

Real estate, construction top employment generators in April: Report

Publication: ET REALTY Date : 11 MAY 2017
MUMBAI: The construction and real estate industries are generating employment demand for skilled workforce as the sectors are gearing up for growth following the government's agenda of providing affordable housing to people, a report said.

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