BDD NEWS

BDD chawl redvpt gets environment clearance

Publication: DNA Date : 18 JANUARY 2017 PAGE: 03

MUMBAI: The Bombay Development Division (BDD) chawls redevelopment project is finally gathering steam. The Maharashtra Housing and Area Development Authority (Mhada) has received environmental clearance for the ambitious BDD chawls redevelopment project in South Mumbai.

 RERA NEWS

Real Estate Act: Venkaiah Naidu warns against dilution at state-level

Publication: THE INDIAN EXPRESS Date : 18 JANUARY 2017 PAGE: 12

MUMBAI : Warning state governments against attempts to dilute the Central real estate legislation, Union housing minister Venkaiah Naidu has said that “any compromise with the Act will have serious implications.”.

Diluted real estate act may invite public wrath, Centre tells states

Publication: TIMES OF INDIA Date : 18 JANUARY 2017 PAGE: 02

MUMBAI : The Centre has warned states against watering down the real estate regu lation law as passed by Parliament and has said any such move will have serious implications, including a public outcry .

CITY NEWS

BMC can't raze illegal floors in Santacruz bldg for now

Publication: TIMES OF INDIA Date : 18 JANUARY 2017 PAGE: 06

MUMBAI: The Bombay HC on Tuesday ordered a status quo to prevent further demolition of illegal floors in a 12-storey Santacruz (E) building after developer Kamla Ankur, a part of Kamla group, said a regularization application was filed on January 16.

REALTY NEWS

Will developers now focus on budget homes?

Publication: HINDUSTAN TIMES Date : 18 JANUARY 2017 PAGE: 04

MUMBAI: Affordable housing will be the first asset class likely to lift the gloom in the residential market.

KKR Invests Over Rs 315 cr in Runwal's ` Mumbai Project

Publication: ECONOMIC TIMES Date : 18 JANUARY 2017 PAGE: 04

Work on mixed-use development has begun, and first phase should be completed in 4 years.