18TH AUGUST 2017

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MCHI-CREDAI

RERA NEWS

     

RERA effect: Home segment gets 54% of realty funds in H1

Publication: BUSINESS LINE Date : 18 AUGUST 2017
BENGALURU, AUGUST 17: Of the total $1,990 million investments in Indian realty in the first-half (H1) of 2017, the residential sector accounted for $1,075 million (54 per cent).
     

CREDAI seeks PM, RBI intervention on lack of bank funding for projects sans RERA registration

Publication: ET REALTY Date : 18 AUGUST 2017
On August 8, ET had reported that banks have decided not to extend loans to those projects that have not been registered under RERA and the compliance will be must for availing bank finance

INFRA NEWS

     

Coastal Road project: BMC locks horns with Maritime Board over new recommendations

Publication: THE INDIAN EXPRESS Date : 18 AUGUST 2017
THe Coastal Road project has encountered a fresh hurdle, with the Maharashtra Maritime Board, which had given its nod to the project last year, recently making new recommendations.
     

Coastal zone management body halts mall construction work at BKC

Publication: DNA Date : 18 AUGUST 2017
The Maharashtra Coastal Zone Management Authority has asked the Maker Group, which is in the process of raising a luxury and multipurpose mall along with a drive-in theatre,

CITY NEWS

     

Devpt work on 20-acre BKC plot stopped by state coastal authority

Publication: TIMES OF INDIA Date : 18 AUGUST 2017
The Maharashtra coastal zone authority has ordered a stop to the ongoing construction of a shopping mall, commercial complex, and hotel, among other things,

REALTY NEWS

     

Insolvency regulator empowers homebuyers, puts them on a par with creditors

Publication: BUSINESS STANDARD Date : 18 AUGUST 2017
The insolvency regulator has brought in a special provision to protect the homebuyers of beleaguered real estate companies such as Jaypee Infratech and Amrapali.
     

Buying homes in London cheaper on stronger rupee vs pound: Knight Frank India

Publication: FINANCIAL EXPRESS Date : 18 AUGUST 2017
Indians bought homes in London at a 14 per cent cheaper price during the March quarter than the year-ago period with the rupee gaining strength against the British pound, according to Knight Frank India.

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