19TH & 20TH OCTOBER 2017

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MCHI-CREDAI

19TH OCTOBER 2017

RERA NEWS

     

Why smaller projects have been left out of RERA

Publication: ET REALTY Date : 19 OCTOBER 2017
Ramani Shastri, chairman, Sterling Developers, says that for people who consider real estate a profession have always done what is on the right side of law but non-serious players are fly-by-night operators

PMAY NEWS

     

Maharashtra withdraws clearance of three low-cost housing projects under PMAY

Publication: ET REALTY Date : 19 OCTOBER 2017
In a major embarrassment to the state government, it had to withdraw a clearance given to three sites for low cost housing projects under the Pradhan Mantri Awas Yojana (PMAY) in Mumbai Metropolitan Region (MMR),
     

Mahindra Lifespaces, HDFC Capital form affordable housing JV

Publication: DNA Date : 19 OCTOBER 2017
In a push to affordable housing, Mahindra Lifespace Developers has joined hands with HDFC Capital to invest Rs 500 crore in the next three years to construct around 5 to 10 million square feet space.

CITY NEWS

     

New policy on cards to help sell flats under govt schemes easily

Publication: DNA Date : 19 OCTOBER 2017
Maharashtra government has prepared a policy to permit occupants of flats allotted under government schemes to transfer ownership by paying transfer charges to the state.
     

Rs 16,000-crore Navi Mumbai airport project a step closer towards reality

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2017
Eight months after it received the highest bid from GVK for building the Navi Mumbai International Airport, the Project Management and Implementation Committee (PMIC),

REALTY NEWS

     

PNB Housing to seek board nod for raising over Rs 12,000 crore

Publication: ET REALTY Date : 19 OCTOBER 2017
NEW DELHI: PNB Housing Finance will seek board approval for raising over Rs 12,000 crore through issuance of non-convertible debentures and masala bonds, according to a regulatory filing.
     

Realty queries: Budget housing not necessarily a good investment bet

Publication: ECONOMIC TIMES Date : 19 OCTOBER 2017
Ramesh Nair, COO ­ Business, JLL India answers the real esatte queries from our readers.

20TH OCTOBER 2017

MCHI NEWS

     

Four-month stay on ready reckoner rates lifted

Publication: INDIAN EXPRESS Date : 20 OCTOBER 2017
In May this year, the Devendra Fadnavis-led government had used a little-known rule in the General Clauses Act to stay these rates, which was perhaps the first time when the government had stepped in after the publication of the rates.

CITY NEWS

     

10,000 more homes under PMAY

Publication: DNA Date : 20 OCTOBER 2017
This week, the state’s committee for Pradhan Mantri Awas Yojna (PMAY) will discuss sanctioning of projects comprising 10,000 affordable dwellings across Maharashtra. In the last few days,

REALTY NEWS

     

As housing sector suffers, real estate firms change conditions of land agreements

Publication: FINANCIAL EXPRESS Date : 20 OCTOBER 2017
Real estate companies are changing conditions of land agreements as the housing sector plunges into a prolonged sluggishness.
     

Maharashtra's housing societies in a fix over reserving posts for disadvantaged classes

Publication: ET REALTY Date : 20 OCTOBER 2017
The rules, which were introduced in 2014 but are being enforced strictly only now, are applicable to societies with less than 200 members. Such societies are categorised as D-Class
     

PE investments into real estate up a tad in first 9 months

Publication: ET REALTY Date : 20 OCTOBER 2017
MUMBAI: Private equity investments in real estate for the first nine months of the year rose marginally to touch $3.16 billion across 40 deals as global and domestic institutional investors continue to infuse capital into Indian real estate,

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