14TH OCTOBER 2017 NEWS

INFRA NEWS

HC wants Metro panel with `sensible' citizens

Publication: TIMES OF INDIA Date : 14 OCTOBER 2017

The Bombay high court said on Friday that it proposes to appoint a committee comprising “sensible“ citizens and experts to liaise with metro officials in the light of complaints regarding noise and environment damage.

CITY NEWS

`Owner can't reclaim land even if govt fails to acquire it in 5 yrs'

Publication: TIMES OF INDIA Date : 14 OCTOBER 2017

Even if the state fails to take possession of private land reserved for public purposes within five years, the owner won't be able to claim back the property , said the HC.

REALTY NEWS

Ready-to-move-in flats in great demand

Publication: TIMES OF INDIA Date : 14 OCTOBER 2017

Many property buyers consider ready-to-move-in flats as a safe and best option to invest in this festive season

15TH OCTOBER 2017 NEWS

CITY NEWS

Govt might re-look insolvency and bankruptcy code to protect homebuyer’s interest

Publication: HINDUSTAN TIMES Date : 15 OCTOBER 2017

Making homebuyers “primary secured creditors” will mean placing them above other secured creditors such as banks when it comes to recovering money from failed projects

Pressure on CM to draft rules for clearing PWD bills in time

Publication: TIMES OF INDIA Date : 15 OCTOBER 2017

Mumbai:   A day after highranking engineers of the public works department were caught red-handed accepting bribe, pressure is building on chief minister Devendra Fadnavis to draft rules for time-bound clearance

16TH OCTOBER 2017 NEWS

RERA NEWS

Change in MahaRERA rules urged

Publication: TIMES OF INDIA Date : 16 OCTOBER 2017

The Maharashtra Real Estate Regulatory Authority (MahaRERA), since its inception, has received maximum complaints about delayed possession from homebuyers. To overcome the quantum of cases,

REALTY NEWS

Mumbai property prices: Reserve rates for land parcels being cut to lure buyers

Publication: FINANCIAL EXPRESS Date : 16 OCTOBER 2017

While land prices in the distant suburbs of Mumbai and Navi Mumbai have softened somewhat in the last few years, they have stayed more

Developers hoping Diwali may stabilise real estate market in Mumbai

Publication: FREE PRESS JOURNAL Date : 16 OCTOBER 2017

Mumbai: With the recent blow to the real estate sector post demonetisation and roll of Real Estate Regulatory Authority Act,

Most mill workers illegally selling off subsidized flats in Central Mumbai

Publication: ET REALTY Date : 16 OCTOBER 2017

Maharashtra Housing and Area Development Authority (Mhada) sources claim over 80% of the 9,500 tenements sold to former mill workers at a highly concessional rate of Rs 11 lakh each have been re-sold for between Rs 40 and Rs 60 lakh.