01ST TO 4TH JANUARY 2018

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MCHI-CREDAI

01ST JANUARY 2018 NEWS

MAHARERA NEWS

     

Govt sets up body to dispute MahaRERA

Publication: DNA Date : 01 JANUARY 2018
The state government has finally formed a tribunal where people can appeal against the rulings, judgments and orders of Maharashtra Real Estate Regulatory Authority (MahaRERA).

REAL ESTATE - 2018 NEWS

     

Home Truths: What's in store for home buyers in 2018

Publication: BUSINESS LINE Date : 01 JANUARY 2018
If buying a home is on your wish list for 2018, you may find this year much better than the past. Home buyers have cause for cheer — more choices, lower prices, improving developer accountability and increasing transparency.
     

Real estate hopes ride on Rera in 2018

Publication: BUSINESS STANDARD Date : 01 JANUARY 2018
The year 2017 wasn’t just another year; it was a landmark year in India’s history — one that can shape the foreseeable future of the real estate industry.
     

Property market in India may start looking better in 2018; here is why

Publication: FINANCIAL EXPRESS Date : 01 JANUARY 2018
The government's surprise demonetisation of 2016 was a real shocker, more or less putting an end to unaccounted funds finding their way into the secondary and even primary sales segments as well as

CITY NEWS

     

Fail to treat wet waste? No water, power for you: MPCB

Publication: DNA Date : 01 JANUARY 2018
Housing societies in the city that have not yet started treating wet waste at source or set up facilities for the purpose in their premises can now prepare to face the music as the Maharashtra Pollution Control Board (MPCB)
     

Land given only for key projects: state forest department

Publication: HINDUSTAN TIMES Date : 01 JANUARY 2018
The state forest department officials said, protection of wildlife is their primary objective and forest land has been given for other use only when necessary.
     

Maharashtra lost 63sqkm of forest land in 3 years

Publication: HINDUSTAN TIMES Date : 01 JANUARY 2018
Maharashtra lost 6,346 hectares or 63 sq km of forests to non-forestry purposes including mining, between 2014 and 2017, reveals data from the union environment ministry.

REALTY NEWS

     

New home launches dip 35% in 2017; supply of low-cost homes up

Publication: BUSINESS STANDARD Date : 01 JANUARY 2018
Housing sector witnessed 35 per cent fall in new supply during 2017 across eight major cities to about 74,000 units, but launches of low-cost homes rose by six per cent, according to Cushman & Wakefield.

02ND JANUARY 2018 NEWS

AFFORDABLE HOUSING NEWS

     

Affordable housing to drive realty in 2018

Publication: ECONOMIC TIMES Date : 02 JANUARY 2018
MUMBAI: The affordable housing segment is expected to continue to drive the real estate sector in 2018 with several developers and institutional funds eyeing opportunities in this space led by better returns.

INTEREST RATE NEWS

     

SBI cuts base rate by 30 bps; home loan fee waived till March

Publication: THE INDIAN EXPRESS Date : 02 JANUARY 2018
State Bank of India (SBI), the country’s largest lender, has reduced the base rate and benchmark prime lending rate (BPLR) by 30 basis points (bps) with effect from January 1,
     

SBI cuts base rate by 30 basis points

Publication: MINT Date : 02 JANUARY 2018
SBI reduces interest rates on loans linked to the base rate by 30 basis points to 8.65%

INFRA NEWS

     

In a first, high-speed Metro corridor will run 24X7

Publication: DNA Date : 02 JANUARY 2018
India's first proposed high-speed Metro corridor between Mumbai International Airport and Navi Mumbai International Airport will also be the first Metro corridor that will be operational round the clock

CITY NEWS

     

Housing societies to sell compost under ‘Harit’

Publication: THE ASIAN AGE Date : 02 JANUARY 2018
Mumbai: After making waste segregation compulsory for housing societies, the Maharashtra government is all set to introduce Harit, a brand to make it easier for the societies to distribute and sell the compost they generate.
     

State lays down deadlines for stages of construction

Publication: THE ASIAN AGE Date : 02 JANUARY 2018
Mumbai: The Urban Development Department (UDD) through amendments to the Maharashtra Right to Public Services Act, 2015, has included various aspects of construction under public services.
     

Mumbai’s Kamala Mills fire: At least 14 killed, several injured in blaze; BMC begins crackdown, pub owners blamed

Publication: THE INDIAN EXPRESS Date : 02 JANUARY 2018
At least 14 people were killed and 19 injured when a fire broke out at a rooftop pub hosting a birthday party and spread rapidly through the building inside the Kamala Mill
     

DNA Exclusive: Will Maha CM implement stringent provisions from city's new DP?

Publication: DNA Date : 02 JANUARY 2018
The Development Plan 2034 for Mumbai city formulated by the Brihanmumbai Municipal Corporation (BMC) has devoted a special chapter on urban safety requirements to ensure safety from fire.
     

REALTY NEWS

     

New residential launches declined 35% in 2017: Report

Publication: BUSINESS STANDARD Date : 02 JANUARY 2018
Hyderabad saw a y-o-y decline of over 50 per cent in the launch of residential units, mostly due to an already large inventory overhang

03RD JANUARY 2018 NEWS

AFFORDABLE HOUSING NEWS

     

Affordable flats soon on unused industrial plots

Publication: TIMES OF INDIA Date : 03 JANUARY 2018
Mumbai: The state cabinet on Tuesday approved the policy which allows the use of unused industrial land for housing purpose for affordable housing and job creation.

MAHARERA NEWS

     

MahaRERA supersedes arbitration proceedings

Publication: THE ASIAN AGE Date : 03 JANUARY 2018
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that it has jurisdiction over the arbitration applications as the RERA Act was enacted after the Arbitration and Conciliation Act of 1996.

CITY NEWS

     

Mangrove cell gets 108 guards to protect Mumbai’s mangrove cover

Publication: HINDUSTAN TIMES Date : 03 JANUARY 2018
The city’s mangrove forests, which face ever-growing threat from encroachers, will soon be protected by armed security personnel.
     

Mumbai civic body’s New Year resolutions: Execute DP, build cycle track

Publication: HINDUSTAN TIMES Date : 03 JANUARY 2018
This year, the Brihanmumbai Municipal Corporation (BMC) has also reeled off a list of New Year resolutions.
     

Maha govt unlocks old industrial lands for luxury housing

Publication: THE INDIAN EXPRESS Date : 03 JANUARY 2018
INDUSTRIAL precincts in the Mumbai Metropolitan Region and other urban neighbourhoods in Maharashtra will soon make way for high-end residential and commercial construction.

REALTY NEWS

     

Kamala Mills’ Govani prefers a low profile

Publication: ET REALTY Date : 03 JANUARY 2018
MUMBAI: With the recent incident of fire at Kamala Mills, the spotlight is now on the reclusive builder Ramesh Govani, who owns the erstwhile mill-land that has been transformed into a prominent commercial hub of Mumbai over two decades.

04TH JANUARY 2018 NEWS

CITY NEWS

     

No record of illegal constructions

Publication: MUMBAI MIRROR Date : 04 JANUARY 2018
RTI query reveals BMC’s building and factories dept in H West ward doesn’t maintain files
     

Homebuyers get relief in 'interest' for delayed possession

Publication: DNA Date : 04 JANUARY 2018
In two different cases, homebuyers won against developers to and received full interest for delayed possession. In the first case, a Pune-based developer showed his willingness to pay 47 home buyers interest for delayed possession.
     

REALTY NEWS

     

HDFC-ADIA Platform to Commit $500m to Housing

Publication: ECONOMIC TIMES Date : 04 JANUARY 2018
The over $1-b joint investment platform’s endeavour is to participate in the opportunity of affordable housing, says HDFC Chairman Deepak Parekh
     

Developers, PE firms bet big on retail real estate

Publication: BUSINESS LINE Date : 04 JANUARY 2018
MUMBAI, JANUARY 3: Developers and private equity (PE) entities are consolidating their retail real estate play. The move gives such firms a pipeline of strong rent-yielding assets and even allows them to create
     

Bengaluru office space offtake down 30%

Publication: BUSINESS LINE Date : 04 JANUARY 2018
BENGALURU, JANUARY 3: Though Bengaluru witnessed the highest net absorption of office space in the country at 8.69 million sq ft, it saw a decline of 30 per cent year-on-year in 2017.
     

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