01ST TO 03RD MARCH 2018

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MCHI-CREDAI

01ST APRIL 2018 NEWS

MCHI NEWS

     

Ready reckoner remains static, experts say slash would have helped market

Publication: TIMES OF INDIA Date : 01 APRIL 2018
Mumbai: The slump in the real estate market has forced the state government to keep Ready Reckoner (RR) Rates unchanged.
     

State keeps Ready Reckoner rates unchanged due to realty slump

Publication: MUMBAI MIRROR Date : 01 APRIL 2018
The state government has decided to keep the Ready Reckoner rates unchanged this year due to the slump in the real estate sector.
     

Maharashtra does not hike Ready Reckoner rates due to slowdown in realty sector

Publication: HINDUSTAN TIMES Date : 01 APRIL 2018
With the real estate sector hit by massive slowdown, the state government has decided not to hike the Ready Reckoner (RR) rates this year.
     

Maharashtra government decides to keep Ready Reckoner stable for 2018-19

Publication: DNA Date : 01 APRIL 2018
Property buyers can expect a partial relief in realty prices as the state government has decided to keep ready reckoner (RR) rates stable for 2018-19, effective April 1 this year.

MMRDA  NEWS

     

Metro 4: MMRDA seeks land in Wadala from central agencies

Publication: MUMBAI MIRROR Date : 01 APRIL 2018
RCF and customs department tell Mirror that they won’t be able to give land for car shed

MHADA NEWS

     

It took MHADA 40 yrs to build over 4L homes

Publication: DNA Date : 01 APRIL 2018
Data from the state economic survey, presented in the upper and lower houses of the state during the budget session, shows that the state's housing authority,

CITY NEWS

     

Mumbai: Proposal to allow transfer of extra floor space index in pipeline

Publication: THE INDIAN EXPRESS Date : 01 APRIL 2018
FSI is a development tool that defines the extent of construction permissible on a plot. It is the ratio of the buildable area to the total plot area.

02ND APRIL 2018 NEWS

MCHI NEWS

     

Maharashtra government decides to keep Ready Reckoner stable for 2018-19

Publication: DNA Date : 02 APRIL 2018
Property buyers can expect a partial relief in realty prices as the state government has decided to keep ready reckoner (RR) rates stable for 2018-19, effective April 1 this year.

RR NEWS

     

Ready Reckoner rates in Maharashtra to remain unchanged in 2018-19

Publication: ET REALTY Date : 02 APRIL 2018
This is the second time after 2009 that the government decided to maintain a status quo on Ready Reckoner (RR) rates. Last year, the RR rates were increased by 5.86% on an average.
     

Pune: Price correction due to Ready Reckoner decision unlikely, say realty experts

Publication: THE INDIAN EXPRESS Date : 02 APRIL 2018
The real estate industry had urged the state government to keep Ready Reckoner rates constant as, they said, the sector was “reeling under low sales.” Last year, real estate sales in Pune fell by 6 per cent,

MAHARERA NEWS

     

MahaRERA won't table buyers' plaint after possession

Publication: DNA Date : 02 APRIL 2018
In a recent order, Gautam Chatterjee, the chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA) stated that the regulatory body would not entertain any complaint about incomplete work

CITY NEWS

     

Mumbai: Is Waste segregation actually a waste of time?

Publication: FREE PRESS JOURNA Date : 02 APRIL 2018
Mumbai: It is high time the Brihanmumbai Municipal Corporation (BMC) practices what it preaches especially with regards to its ‘waste segregation policy.

REALTY NEWS

     

Mumbai; Worli flat fetches Rs 2.3L a sqft in record deal

Publication: DNA Date : 02 APRIL 2018
A sea-facing apartment in Worli has been sold at a staggering Rs 2.32 lakh a square foot, setting a new record in the city.
     

Home buyers may not get enough shelter under IBC

Publication: DNA Date : 02 APRIL 2018
Home buyers may be placed higher as compared to other unsecured creditors for real estate companies undergoing bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC),

03RD APRIL 2018 NEWS

AFFORDABLE HOMES NEWS

     

About 19,000 eligible for PMAY's affordable home lottery in Pune

Publication: ET REALTY Date : 03 APRIL 2018
PMC has given the 7,000 invalid applicants one month to get their documents in order in order to be eligible for the lottery under the central government’s scheme.

INFRA NEWS

     

MMRDA postpones deadline for Metro-2A and Metro-7

Publication: DNA Date : 03 APRIL 2018
Despite smooth progress on civil works at two Mtero corridors, the Mumbai Metropolitan Region Development Authority (MMRDA) revised its deadline from 2019 to 2020.

CITY NEWS

     

Mumbai is breathing a large amount of harmful pollutants, shows ministry report

Publication: HINDUSTAN TIMES Date : 03 APRIL 2018
From 2014 to 2016, seven major towns and cities around Mumbai, majorly home to industries, had the highest concentration of two harmful air pollutants -- sulphur dioxide (SO2) and nitrogen dioxide (NO2) --
     

Each of 36 districts in Maharashtra will have air quality stations by October: MPCB

Publication: HINDUSTAN TIMES Date : 03 APRIL 2018
Every district in Maharashtra is likely to get an air quality monitoring station after the monsoon, said officials from Maharashtra Pollution Control Board (MPCB).
     

Regularising illegal construction: Civic body to start taking online applications soon

Publication: INDIAN EXPRESS Date : 03 APRIL 2018 2018
The state urban development department in October 2017 had issued rules regarding regularisation of illegal structures on payment of a penalty.

REALTY NEWS

     

Key challenges in implementation of rental housing policy in India

Publication: ET REALTY Date : 03 APRIL 2018
Why does India need a national rental policy? Metro cities witness a huge influx of people from Tier 2 cities in search of employment. India is also facing rapid urbanisation leading to shortage of houses primarily demanded
     

CAG raps Maharashtra housing department for ‘pricey’ low-cost houses

Publication: ET REALTY Date : 03 APRIL 2018
The districts in question are Pune, Satara, Solapur and Hingoli, and the report has rapped MHADA for overcharging lowand middle-income groups for “affordable housing” projects
     

SBI home loans to get expensive as bank hikes base rate by 5 bps

Publication: HINDUSTAN TIMES Date : 03 APRIL 2018
Last week, SBI increased 2-10 year retail term deposit rates by 10-25 bps due to tight liquidity (shortage of cash) in the banking system. This was the second hike in deposit rate in the past one month.

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