RERA NEWS

Only 7% of realty brokers register with MahaRERA

Publication: THE TIMES OF INDIA Date : 12 JANUARY 2018

With barely 7% registration of property brokers in the state, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is contemplating to come out with a notification asking all 1 lakh brokers operating

AFFORDABLE HOUSING NEWS

Affordable housing: Loans up to Rs 2 lakh see highest NPAs

Publication: ET REALTY Date : 12 JANUARY 2018

NPAs for housing loans of up to Rs 2 lakh stood at a whopping 11.9% for PSBs during 2016-17. Housing finance companies also saw a sharp surge in housing loan NPAs in this slab

The 5 big problems with affordable housing in India and how to solve them

Publication: BUSINESS STANDARD Date : 12 JANUARY 2018

It remains a peculiar conundrum. India needs 5 million affordable homes every year. And, the supply is not even 500,000 homes a year.

Maha to build 19.4 lakh affordable flats by 2022

Publication: THE ASIAN AGE Date : 12 JANUARY 2018

Mumbai: Under the Centre’s affordable-housing scheme, the Pradhan Mantri Awas Yojana (PMAY),

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PROP TIGER NEWS

What really happened to housing sales in 17% in 9 cities during 2017? Here are details from PropTiger report

Publication: FINANCIAL EXPRESS Date : 12 JANUARY 2018

Housing sales dropped 17% in nine major cities during 2017, the News Corp-backed PropTiger said in a report. Sales declined to 2,18,500 units in

BENAMI PROPERTY NEWS

I-T dept attaches benami properties worth ₹3,500cr

Publication: THE TIMES OF INDIA Date : 12 JANUARY 2018

New Delhi: Stepping up action under the Prohibition of Benami Property Transactions Act, the income tax department has attached properties worth Rs 3,500 crore, including immovable properties

CITY NEWS

The burden of free parking on our cities

Publication: MINT Date : 12 JANUARY 2018

It is imperative for urban policy in India to be guided by an outcome-oriented principle that reduces incentives for car ownership

INFRA NEWS

Gadkari accuses navy of ‘blocking’ city devpt projects

Publication: TIMES OF INDIA Date : 12 JANUARY 2018

Mumbai: Union minister for shipping Nitin Gadkari attacked the navy on Thursday for putting roadblocks before development projects in Mumbai.

Long-debated elevated corridor to Virar likely to get the boot

Publication: DNA Date : 12 JANUARY 2018

Files of the multi-crore Bandra-Virar elevated rail corridor, proposed almost a decade back and one that has seen several discussions, are likely to finally close once and for all.

With parallel runways, Navi Mumbai airport could see 80 flights every hour

Publication: THE INDIAN EXPRESS Date : 12 JANUARY 2018

Officials said the parallel runways and rapid exit taxiways would give NMIA the capacity to handle more flights. The runways will be 4,000-m long and accommodate both widebody and narrowbody aircraft.

HOME LOAN NEWS

Home loans: RBI flags falling asset quality

Publication: FINANCIAL EXPRESS Date : 12 JANUARY 2018

The Reserve Bank of India (RBI) flagged worsening asset quality in the housing-loan space, stating that the non-performing asset (NPA) ratio in this category of loans rose to 1.1% in 2016-17 from 0.9% in 2015-16.

REALTY NEWS

Homebuyers’ body seeks steps to curb profiteering by builders

Publication: BUSINESS LINE Date : 12 JANUARY 2018

KOLKATA, JANUARY 11: The Forum for People’s Collective Efforts (FPCE), a national body to safeguard homebuyers’ interests, has written to Union Finance Minister Arun Jaitley,