17TH OCTOBER 2017

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MCHI-CREDAI

17TH OCTOBER 2017

RERA NEWS

     

RERA reformatory Act: Centre to HC

Publication: THE ASIAN AGE Date : 17 OCTOBER 2017
The HC is hearing the issue on the directions from the Supreme Court issued in September to hear and decide on the issue within two months

CITY NEWS

     

SoBo society waits 40 yrs for conveyance

Publication: TIMES OF INDIA Date : 17 OCTOBER 2017
Residents of Grand Paradi, a landmark highrise complex at Kemps Corner in south Mumbai, are locked in a tussle with their builder who handed over the flats four decades ago, but did not convey the land to the society .
     

Centre to grant 50 per cent cost to BMC, bid date to be extended

Publication: THE INDIAN EXPRESS Date : 17 OCTOBER 2017
“The Central government has given its approval and the Deonar project is the only one to be selected from across the country. The project now has the endorsement of the Swachh Bharat Abhiyaan," said Additional Municipal Commissioner Sanjay Mukherjee
     

Delayed by two years, BMC’s tree census in final lap: 26.36 lakh trees at last count

Publication: THE INDIAN EXPRESS Date : 17 OCTOBER 2017
The Brihanmumbai Municipal Corporation (BMC)’s tree census is finally coming to a close.

REALTY NEWS

     

From DLF, Prestige Estates to Shobha, realty majors set to report poor Q2 numbers; see reason why

Publication: FINANCIAL EXPRESS Date : 17 OCTOBER 2017
Cost overruns and festive discount offers are expected to erode the profitability of real estate firms in the upcoming quarterly earnings, according to market analysts.
     

OMR raises ₹244 crore from Kotak India to set up mall in Chennai

Publication: BUSINESS LINE Date : 17 OCTOBER 2017
MUMBAI, OCT 16: Chennai-based OMR Mall Developers have raised a funding of ₹244 crore from Kotak India Real Estate Fund.

18TH OCTOBER 2017

CITY NEWS

     

Diwali deals for real estate projects: free flat, gold, golf club membership

Publication: THE INDIAN EXPRESS Date : 18 OCTOBER 2017
Other developers like Sai Estates have come up with a variety of offers for their projects in Kandivali and Chembur. For instance, if buyers purchase three flats (of any size) in their project in Kandivali,
     

Momentum builds up for inclusion of real estate in GST

Publication: MINT Date : 18 OCTOBER 2017
Several states are backing finance minister Arun Jaitley’s recent suggestion that GST is the answer to tax evasion and flow of unaccounted wealth in the real estate sector

RERA NEWS

     

Flat handover delay cases increase in MahaRera era

Publication: ET REALTY Date : 18 OCTOBER 2017
The government enacted the Real Estate (Regulation & Development) Act 2016, and all sections of the Act have come into force with effect from May 1 this year with the state being the first to notify its rules under the Act and establish MahaRERA

REALTY NEWS

     

Dewan Housing posts 26% increase in net profit

Publication: BUSINESS LINE Date : 18 OCTOBER 2017
MUMBAI, OCT 16: Dewan Housing Finance Corporation Ltd (DHFL) has reported a 26 per cent increase in second quarter standalone net profit at Rs. 293 crore against Rs. 233 crore in the year-ago period.
     

TCS to sell real estate assets to raise Rs 500 crore

Publication: ET REALTY Date : 18 OCTOBER 2017
TCS put residential apartments including those in and around Mumbai and Ahmedabad on the block. These residential apartments were used by company employees

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