RERA NEWS

Builders told to set feasible deadlines

Publication: TIMES OF INDIA Date : 17 MAY 2019

Pune: Developers pushing ahead dates to hand over apartments would find themselves in hot water from now, with state regulator Maharashtra Real Estate Regulatory Authority (MahaRERA) ruling that the possession date of an ongoing project should be corresponding to the pending work.

CITY NEWS

Using land Act, Maharashtra govt acquires office space in Reliance Centre building

Publication: THE INDIAN EXPRESS Date : 18 MAY 2019

Real estate dealers said the acquired space would command rental of nearly Rs 12 lakh a month.

GREEN NOD NEWS

Green nod not required for building on 20,000-50,000 sq metre plot

Publication: ET REALTY Date : 18 MAY 2019

NEW DELHI: Construction in areas between 20,000-50,000 square metres will not require environment clearance from the government anymore,

REALTY NEWS

Realtors say ruling on delayed handover of flats not one-size-fits-all

Publication: BUSINESS STANDARD Date : 18 MAY 2019

Real estate developers and industry consultants said the National Consumer Disputes Redressal Commission's (NCDRC) order that homebuyers can seek a refund if the hand-over of a flat

Buying a house in Mumbai might be affordable soon

Publication: FREE PRESS JOURNAL Date : 18 MAY 2019

Mumbai: According to a report prepared by Liases Foras, a real estate research firm, builders have no alternative, but to reduce the prices by a minimum of 10%.

Sobha reports 64% jump in Q4 profit

Publication: ECONOMIC TIMES Date : 18 MAY 2019

BENGALURU: Real estate developer SobhaNSE 1.89 % Ltd has reported an increase of 63% in fourth-quarter profit from a year ago, helped by higher sales and better realisation.

Piramal Realty FY'19 sales booking jumps nearly 4-fold to Rs 3,400 cr

Publication: ECONOMIC TIMES Date : 18 MAY 2019

Anand Piramal-led Piramal Realty's sales booking jumped nearly four-fold to Rs 3,400 crore in 2018-19 on the back of improved housing demand.