17TH DECEMBER 2017 NEWS

RERA NEWS

RERA tribunal to be ready in two months

Publication: THE ASIAN AGE Date : 17 DECEMBER 2017

Mumbai: The RERA (Real Estate Regulatory Authority) appellate tribunal will be formed in next two months, confirmed a RERA official. Nineteen months after the implementation of the RERA Act in Maharashtra,

CITY NEWS

CM in a fix as JVLR-Navi Mum link, bird sanctuary cross paths

Publication: TIMES OF INDIA Date : 17 DECEMBER 2017

Navi Mumbai: A proposed bridge to connect the Jogeshwari-Vikhroli Link Road to Koperkhairane —part of a larger plan to build a direct corridor from the western suburbs to Navi Mumbai airport

18TH DECEMBER 2017 NEWS

GST NEWS

Builders may face probe by GST anti-profiteering body

Publication: HINDUSTAN TIMES Date : 18 DECEMBER 2017

The investigator will require businesses suspected of profiteering to give a justification for any price increase made soon after the GST regime came into force.

CITY NEWS

Only 28 responses for 111 ha of land covered in second part of draft DP

Publication: TIMES OF INDIA Date : 18 DECEMBER 2017

Mumbai: The second part of the city’s draft Development Plan (DP) 2034, which was made public in October, seems to be getting a lukewarm response compared to the draft DP released last year.

REALTY NEWS

Indiabulls, Mandarin Home in on London Deal

Publication: ECONOMIC TIMES Date : 18 DECEMBER 2017

HK co to be the hotel partner for Indiabulls’ UK residential project named Hanover Bond

Narendra Modi government gives big boost to affordable housing, to use PSU land to build homes

Publication: FINANCIAL EXPRESS Date : 18 DECEMBER 2017

The government plans to tweak the land use policy to ensure affordable housing is accorded top priority.

IIFL plans to raise cash from offshore investors

Publication: BUSINESS STANDARD Date : 18 DECEMBER 2017

After launching a $500-million domestic real estate debt fund to invest in affordable housing projects last month, IIFL group is looking to raise a similar amount from offshore investors.

Right time for NRIs to buy residential or commercial property in India

Publication: BUSINESS STANDARD Date : 18 DECEMBER 2017

After the recent regulatory changes, the interest of non-resident Indians (NRIs) in the real estate market in India has revived. They typically visit the country around this time of the year.

Office rentals at some commercial hubs recover, back at peak levels

Publication: MINT Date : 18 DECEMBER 2017

Mumbai: Office rentals that crashed after the global financial crisis of 2008 have finally recovered, with rates at some of the commercial hubs regaining the peaks of nine years ago.