16TH MAY 2017

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6 reasons why RERA is of little use today

Publication: MINT Date : 16 MAY 2017
Many supporting laws and institutions real estate Act are missing—in effect rendering it useless to the homebuyers



Beware of PMAY cheats: Centre

Publication: THE ASIAN AGE Date : 16 MAY 2017
Mumbai: The Central government has issued an advisory to the general public after a spate of cases were reported of potential buyers being cheated by fraudsters who took money from them for affordable homes under the Pradhan Mantri Awas Yojana (PMAY) under the pretext of registration.



Mumbai airport gets green nod for Rs 3,500cr move to get bigger

Publication: TIMES OF INDIA Date : 16 MAY 2017
Mumbai:   The Mumbai airport has received environmental clearance for a Rs 3,500-crore expansion plan as well as shifting of the iconic air traffic control tower to Kalina as a long-term security strategy.

Goregaon-Mulund link rd may have 3 entry-exit ramps

Publication: TIMES OF INDIA Date : 16 MAY 2017
Mumbai   BMC has appointed a consultant to study the need for interchangers along the proposed Goregaon Mulund Link Road (GMLR).



Conveyance of 50K hsg socs stalled by builders

Publication: TIMES OF INDIA Date : 16 MAY 2017
umbai:   `Make Existing Realty Law Stringent' As many as 50,000 housing societies in the metropolitan region do not have ownership of land on which their buildings stand, and as a result, they are facing difficulties in either redevelopment or maintenance.



2009 LEVELS - ICICI Bank, HDFC match SBI's home loan rates

Publication: TIMES OF INDIA Date : 16 MAY 2017
India's largest housing finance company HDFC and the largest private lender ICICI Bank have slashed interest rates and are now offering home loans of up to Rs 30 lakh at 8.35% -the same rate which State Bank of India offers.

Pre-construction interest can be deducted even if you pre-pay the loan

Publication: MINT Date : 15 MAY 2017
You could claim this deduction even if you have foreclosed the housing loan


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