12TH OCTOBER 2017

If you cannot read this email, please click here



     
MCHI-CREDAI

MCHI NEWS

     

Doubts rise over housing demand revival

Publication: DNA Date : 12 OCTOBER 2017
Real estate developers may be upbeat on the revival of sales beginning with the festive season, but Crisil Research in its latest report has stated that revival of housing demand is unlikely for another 12-18 months.

RERA NEWS

     

Land monetisation picks up post RERA

Publication: MINT Date : 12 OCTOBER 2017
Developers rush to monetise land parcels due to changing regulatory environment under RERA, piling debts and prolonged slowdown in the property market

CITY NEWS

     

HC lifts stay on OCs to Ghodbunder Rd bldgs

Publication: TIMES OF INDIA Date : 12 OCTOBER 2017
Mumbai   The Bombay high court on Wednesday lifted its stay on grant of occupation and commencement certificates to new constructions and building projects on Ghodbunder Road in Thane and Baner and Balewadi in Pune
     

बांधकामबंदी मागे!

Publication: महाराष्ट्र टाइम्स Date : 12 OCTOBER 2017
घोडबंदर रोड आणि पुण्यातील बांधकामांना उच्च न्यायालयाचा दिलासा
     

HC relief for those awaiting possession of flats on Mumbai’s Ghodbunder Road

Publication: HINDUSTAN TIMES Date : 12 OCTOBER 2017 
Shelar said the Thane Municipal Corporation has been granting permissions to new constructions along Ghodbunder Road without ensuring adequate water supply to newly constructed buildings
     

664 acres, around 30 Oval Maidans, of open spaces in Mumbai reserved for the rich: report

Publication: HINDUSTAN TIMES Date : 12 OCTOBER 2017 
Citing examples of Central Park in New York and Piedmont Park in Georgia, the report pushed for public-private partnership and formation for public benefit corporation to take care of these spaceS
     

Mumbai: Diwali delights for SRA developers struggling to end projects

Publication: FREE PRESS JOURNAL Date : 12 OCTOBER 2017 
Mumbai: The state government has brought a Diwali delight for real estate developers struggling to complete Slum Rehabilitation Authority’s projects.
     

REALTY NEWS

     

Housing property market set to go through tough times despite home loans having risen a tad

Publication: FINANCIAL EXPRESS Date : 12 OCTOBER 2017 
Falling returns on stagnant prices, limited tax benefits see investors exit; end users seek ready-to-occupy units.
     

‘For real estate developers, costs have gone up’

Publication: HINDU BUSINESS Date : 12 OCTOBER 2017 
Ajit Chordia, President of the Tamil Nadu chapter of the Confederation of Real Estate Developers Association of India, says GST has added to the costs for developers and buyers. Excerpts:
     

Affordable Housing Launches Up 27% in Top 8 Cities, Buck Trend

Publication: ECONOMIC TIMES Date : 12 OCTOBER 2017 
Bengaluru | Mumbai:   Govt sops and infra status lure developers to a segment with demand that is `huge and largely unmet'
     

HDFC Fund to Invest Rs 110 cr in Virar Project

Publication: ECONOMIC TIMES Date : 12 OCTOBER 2017 
Mumbai   HDFC Cap Affordable Real Estate Fund to get minority stake in Keystone's property

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine
Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net