RERA NEWS

In 14 days, RERA gets only 3 applications from state builders

Publication: TIMES OF INDIA Date : 15 MAY 2017

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has registered two housing projects and 100 property brokers under the new law, which came into effect on May 1.

Escrow Clause to Apply to Realty Co-promoters Also

Publication: ECONOMIC TIMES Date : 15 MAY 2017

Mumbai:   Maha RERA notifies definition for co-promoter to curb fund diversion risk

TN will notify RERA within fortnight: Naidu

Publication: BUSINESS LINE Date : 15 MAY 2017

CHENNAI, MAY 14: The Tamil Nadu government has said it will notify the rules under the Real Estate Regulatory Act and appoint a regulator by the month end, according to Union Urban Development Minister Venkaiah Naidu.

 MHADA NEWS

Annual Mhada lottery may have no new houses, only old ones

Publication: THE ASIAN AGE Date : 15 MAY 2017

While the government plans to have 19 lakh affordable homes by 2022, the lottery this year would see the lowest number in its history.

 INFRA NEWS

1ST FOR CITY: KALANAGAR FLYOVER, METRO II-B TO BE ON SAME PILLARS

Publication: TIMES OF INDIA Date : 15 MAY 2017

The MMRDA has saved around Rs 60 crore by reworking the design of the proposed flyover at the BKC-Kalanagar junction. Now, part of the flyover will be propped up using the same pillars on which the Metro II-B route is coming up. Manthan K Mehta reports

 CITY NEWS

Centre approves construction of sewage treatment plants in coastal regulation zone in Mumbai

Publication: THE HINDUSTAN TIMES Date : 15 MAY 2017

After giving the ambitious coastal road project its green nod last week, the Central government has now cleared the decks for construction of sewage treatment plants (STPs) in the coastal regulation zone (CRZ) I.

 REALTY  NEWS

Lodha Gets Rs 1,800 cr from Piramal Arm

Publication: ECONOMIC TIMES Date : 15 MAY 2017

Mumbai:   Realty major likely to use proceeds from fresh loan to finance projects and refinance existing debt

Lower stamp duty will promote house ownership

Publication: BUSINESS STANDARD Date : 15 MAY 2017

Besides the cost of the house, a major additional expenditure home buyers have to bear is the cost of stamp duty and registration. National Housing Bank (NHB)

Should you invest in the real estate in tier-2 cities?

Publication: MINT Date : 15 MAY 2017

Here are some of the things you should consider before investing in real estate in tier-2 cities