MAHARERA NEWS

MahaRERA to tame errant developers

Publication: MUMBAI MIRROR Date : 16 MARCH 2018

Regulator will direct all 15,000 projects to register agreements if buyers have paid 10% of flat cost, says MahaRERA chairperson

MMRDA NEWS

Realigned Metro line cuts through soc, crashes redevelopment dreams

Publication: TIMES OF INDIA Date : 16 MARCH 2018

Mumbai: The Bombay high court on Thursday lambasted the Mumbai Metropolitan Region Development Authority for realigning Metro 2B line through a residential plot in Juhu Vile Parle Development Scheme.

Take decision on application for renewal of noc within a week: Bombay HC

Publication: THE ASIAN AGE Date : 16 MARCH 2018

The petitioners said that the alteration would make it impossible for them to proceed with the ongoing redevelopment of this property.

METRO NEWS

Delay in construction shoots up Mumbai’s Metro 3 cost by over ₹800 crore

Publication: HINDUSTAN TIMES Date : 16 MARCH 2018

Civil construction on the Colaba-Bandra-Seepz (Metro 3) corridor is running behind schedule by six months, pushing up cost by more than Rs800 crore so far.

CITY NEWS

Mumbai’s Patra Chawl redevelopment: EOW books developer in Rs1,034 crore scam

Publication: HINDUSTAN TIMES Date : 16 MARCH 2018

The Mumbai Police Economic Offence Wing (EOW) on Wednesday, registered an FIR against developer Guruashish and others in the Rs1,034 crore Goregaon Patra Chawl redevelopment scam, on the complaint of the Maharashtra Housing and Area Development Authority (Mhada).

Mumbai builders will now get NOCs faster from the civic body

Publication: HINDUSTAN TIMES Date : 16 MARCH 2018

In a bid to make ease-of-doing-business a reality, the Brihanmumbai Municipal Corporation (BMC) has now reduced the time taken for the issuance of four no-objection certificates from minimum one month to immediate certification.

New draft forest policy promotes urban greenery

Publication: TIMES OF INDIA Date : 16 MARCH 2018

New Delhi: Seeking to replace the country’s 30-year-old national forest policy, the Centre has come out with a new draft policy which calls for promoting urban greens, public private partnership models for afforestation,

REALTY NEWS

SC orders meeting between Amrapali Group, home buyers on Saturday

Publication: BUSINESS STANDARD Date : 15 MARCH 2018

The Amrapali Group had earlier submitted a comprehensive proposal on how it planned to deliver 42,000 flats to its buyers in various projects

Supreme Court calls for meeting between Amrapali and home buyers on 17 March

Publication: LIVE MINT  Date : 16 MARCH 2018

New Delhi: The Supreme Court on Thursday directed that a meeting be convened between home buyers and real estate group Amrapali on Saturday to arrive at a consensus on the status of its various housing projects.

Real estate companies sharpen focus on timely delivery

Publication: LIVE MINT  Date : 16 MARCH 2018

Bengaluru: Rising awareness levels among homebuyers, stringent regulatory norms and a pro-customer judiciary have compelled real estate firms to focus on timely delivery of projects and being accountable to promises made.

‘Realty in suburbs offers better returns’

Publication: HINDU Date : 16 MARCH 2018

At a time when real estate prices have become prohibitive in Mumbai both for end users and investors, half a dozen locations in the suburbs are attracting buyers and providing return on investment.