15TH & 16TH JANUARY 2018

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Homebuyers need not panic over probe list: Karnataka RERA secretary

Publication: ET REALTY Date : 15 JANUARY 2018
CREDAI, the association of developers, has opposed the move, saying the government had caused severe damage to the image of the builders across the state and their projects



Budget 2018: From jobs creation to infrastructure, here is what PM Modi’s government is set to focus on

Publication: THE INDIAN EXPRESS Date : 15 JANUARY 2018
Budget 2018: The MEIS is the most important export promotion scheme under which the government provides exporters duty credit scrip at 2%, 3% or 5%



CPWD to execute infra projects

Publication: DNA Date : 15 JANUARY 2018
The Central Public Works Department (CPWD) under the Ministry of Housing and Urban Affairs (MoHUA) will go big — it will execute all infrastructural projects financed or supported by the ministry under various schemes.



On-site slum rehab proposed to free up rail land for projects in Maharashtra

Publication: ET REALTY Date : 15 JANUARY 2018
MUMBAI: The state government has proposed that slumdwellers on railway land be resettled under a separate Slum Rehabilitation Scheme to speed up railway projects that are pending for want of land.

Wadala to be revamped into biz district, plan gets MMRDA nod

Publication: ET REALTY Date : 15 JANUARY 2018
Chief minister Devendra Fadnavis said that the landscape of the area is set to change into a business district after proposed master plan to convert Wadala into a business district was given approval

Karisma Kapoor's 675 sq ft flat goes for Rs 7 cr

Publication: DNA Date : 16 JANUARY 2018
Actor Karisma Kapoor's 675 sq ft flat in Bandra has been sold for a whopping Rs 7 crore, 3.7 times more than the market value of Rs 1.89 crore, entering the growing list of celebrity flats in the city fetching astronomical rates.

Maharashtra to bring in new safety policy for factories, shops, construction workers

Publication: THE INDIAN EXPRESS Date : 15 JANUARY 2018
We are planning to bring in stringent safety norms for shops and establishments that will be applicable to all units irrespective of number of labourers.

BMC plans to do away manual lodging of complaints about illegal construction

Publication: DNA Date : 15 JANUARY 2018
The Brihanmumbai Municipal Corporation (BMC) is planning to do away of present system of receiving complaints offline pertaining to illegal constructions in the city.



Backed by NRI demand, some realty firms stick to luxury projects

Publication: MINT Date : 15 JANUARY 2018
Some developers based in Mumbai, NCR, Bengaluru and Pune are focusing on luxury projects while the majority stick to affordable homes

Housing Development Finance Corporation to raise Rs 13000 crore

Publication: BUSINESS STANDARD Date : 15 JANUARY 2018
Housing Development Finance Corporation announced that the Committee of Directors at its meeting held on 13 January 2018 has approved the following -

Government amends housing scheme guidelines

Publication: FINANCIAL EXPRESS Date : 15 JANUARY 2018
The Housing and Urban Affairs (HUA) Ministry has amended the guidelines of housing scheme for urban areas under Pradhan Mantri Awas Yojana to enhance its coverage.

FSI abuse by mill land owners: BMC points finger at IT dept for failing to stop misuse

Publication: ET REALTY Date : 15 JANUARY 2018
A senior civic official, who is familiar with the probe headed by BMC chief Ajoy Mehta into the December 29 fire at Kamala Mills, said they “have no clue about what comprises IT activity”

Real estate brokers demand 3-5% from property deals

Publication: DNA Date : 15 JANUARY 2018
From one per cent brokerage, real estate brokers moved to two per cent and now the demand has gone up to three and in several cases brokers are demanding as high as five per cent brokerage of the deal.




Property transactions in Mumbai slow down as homebuyers hunt, wait for good deals

Publication: HINDUSTAN TIMES Date : 16 JANUARY 2018
Not worried that rates will rise suddenly, people in Mumbai Metropolitan Region take their time to explore and decide; developers concerned



Affordable housing loans show good growth; NPAs rise too, says RBI6 JANUARY 2018

Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17

The subprime signs of India’s affordable housing

Publication: MINT Date : 16 JANUARY 2018
If we are looking at the loan book of a lender, chances are that the most shining asset would be the mortgages. It is no wonder that banks and housing finance companies are falling over each other to woo homebuyers.



To protect privacy, UIDAI introduces ‘Virtual ID’ for Aadhaar-card holders

Publication: HINDUSTAN TIMES Date : 16 JANUARY 2018
Users can now generate an ID from UIDAI website and give for various purposes, such as SIM verification, instead of sharing the actual 12-digit biometric number.

Slum dwellers to get bigger houses in Maharashtra

Publication: HINDUSTAN TIMES Date : 16 JANUARY 2018
It’s good news for slum dwellers as the state government is now all set to give them bigger homes measuring 315-322 square feet from the current 269 square feet.

Mumbai’s Dhobi Ghat revamp: Piramal Realty, Omkar join hands to develop residential project

Publication: HINDUSTAN TIMES Date : 16 JANUARY 2018
The iconic Dhobi Ghat redevelopment project got a boost as Piramal Realty has joined hands with Omkar Realtors



Office leasing market to see strong traction this year, says Colliers

Publication: DNA Date : 16 JANUARY 2018
Office leasing market will stay abuzz on the back of economic growth. However, absorption levels are unlikely to grow further as flexibility, collaborative workspaces, workspace efficiency, employee retention

New launches in real estate at their lowest level since 2005

Publication: MINT Date : 16 JANUARY 2018
Mumbai: The real estate sector is yet to show signs of recovery, new figures from the capex-tracking database of the Centre for Monitoring Indian Economy (CMIE) show.

Private equity, debt investments in real estate jumped 12% in 2017

Publication: MINT Date : 16 JANUARY 2018
Private equity and debt investments in real estate grew to $4.18 billion across 79 transactions in 2017, compared to $3.73 billion across 138 deals in 2016

Piramal arm ties up with Omkar Realtors for Mumbai project

Publication: MINT Date : 16 JANUARY 2018
Piramal Realty will invest Rs2,600 crore in the 12-acre project and will pay a deposit of Rs400 crore and will have a 60% revenue share in the project

Kanjurmarg plot: Decisions taken by revenue officials suspect, says PAC report

Publication: HINDUSTAN TIMES Date : 16 JANUARY 2018
The timeline of how a government-owned nine-acre industrial plot in Kanjurmarg got converted into a swanky residential and commercial complex shows a maze of contradictory government orders,


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