20TH TO 21ST MARCH 2018

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Government plans to bring slums, MHADA buildings under MahaRERA purview

Publication: DNA Date : 20 MARCH 2018
Redevelopment of slums and MHADA buildings which until now had become synonymous with delays and developer apathy may soon become a lot smoother. In a move with far-reaching implications,

Rera to boost redevpt, slum rehab schemes

Publication: TIMES OF INDIA Date : 20 MARCH 2018
Mumbai: In a major relief for thousands of citizens battling stalled redevelopment projects, the Maharashtra government will soon bring redevelopment projects by Mhada and slum rehabilitation (SRA) schemes under the purview of the Rera.



State to maintain status quo on ready reckoner rates

Publication: MUMBAI MIRROR Date : 20 MARCH 2018
Mumbai’s realty sector, which is witnessing one of its worst slumps yet, is likely to get some respite with the state government likely to not change the ready reckoner rates this year.



Coastal road project: For sixth time, BMC appoints consultants

Publication: INDIAN EXPRESS Date : 20 MARCH 2018
Compared to the other major infrastructure work that BMC undertakes, the coastal road has the highest number of consultants.



Dharavi redevelopment project: MNP executive board member opposes move to include nature park in project

Publication: INDIAN EXPRESS Date : 20 MARCH 2018
The proposal is part of a notification issued this month by SVR Srinivas, CEO and Officer on Special Duty, Dharavi Redevelopment Project, SRA, inviting suggestions and objections from the public

Dharavi redevelopment plan to be out with Mumbai Development Plan

Publication: DNA Date : 20 MARCH 2018
After several unsuccessful attempts to redevelop Asia's largest slum, Dharavi, the state government has decided to float special purpose vehicle (separate company) for the redevelopment project.

Unsold apartments in Mumbai climb up to 1.09 lakh

Publication: HINDUSTAN TIMES Date : 20 MARCH 2018
The real estate slowdown still continues as the number of unsold apartments in Mumbai has now reached 1.09 lakh units, which is a record of sorts in the realty sector.



Thane civic budget: No new taxes, focus on ‘happiness index’

Publication: INDIAN EXPRESS Date : 20 MARCH 2018
Revenue to rise by ‘record-breaking’ Rs 1,273 crore from last year, says Thane Municipal Commissioner



Godrej Fund Management to invest, develop office assets for $600 million

Publication: LIVE MINT Date : 20 MARCH 2018
Godrej Fund Management plans to invest and build commercial office assets through a $450 million office development fund as well as a $150 million office investment fund

Stringent norms, extended lull seen weighing on realty sector

Publication: LIVE MINT Date : 20 MARCH 2018
Bengaluru: Stringent norms in the new regulatory regime and an extended lull in the real estate sector are likely to make it tougher for many developers to keep their heads above water going forward, with no revival in sight.

Home sales jump 32% a year after note ban

Publication: DNA Date : 20 MARCH 2018
Continuing the uptrend, residential homes sales in the top eight Indian cities saw the biggest jump during this financial year, growing 32% year on year (YoY) during the third quarter on the back of demand for affordable housing.




State finally clears way for drop in stamp duty on real estate sale

Publication: TIMES OF INDIA Date : 21 MARCH 2018
Mumbai: Homebuyers could expect some relief as the state government has introduced a provision that will allow reduction of Ready Reckoner (RR) rates. Until now, RR rates, which are revised annually,



MahaRERA directs developer to repay Rs 40 Lakh to home buyers

Publication: FREE PRESS JOURNAL Date : 21 MARCH 2018
Mumbai: The Maharashtra Real Estate Regularity Authority (MahaRERA) directed a developer to repay a total amount of more than Rs 40 lakh to two different home buyers who complained of delay in possession.



‘Dharavi plan to be issued with DP 2034’

Publication: TIMES OF INDIA Date : 21 MARCH 2018
Mumbai: Maharashtra housing minister Prakash Mehta said that Dharavi’s Development Plan will come into force the same time as the city’s Development Plan 2034.

11 properties sealed in tax default cases worth ₹45cr as crackdown continues

Publication: TIMES OF INDIA Date : 21 MARCH 2018
Mumbai: Continuing its action against property tax defaulters in the city, BMC’s assessment and collector department has over the past few days sealed 11 properties over non-payment of taxes worth Rs 45 crore. 

Maharashtra government to amend MRTP Act to rectify errors in Development Plan

Publication: DNA Date : 21 MARCH 2018
Taking a cue from the row over the Development Plan of Mumbai, the state cabinet on Tuesday decided to amend the Maharashtra Regional Town Planning (MRTP) Act



MCC to collect property tax from tenants of shops

Publication: THE HINDU Date : 21 MARCH 2018
In a bid to mobilise resources, the Mysuru City Corporation has resolved to collect property tax from tenants of shops.

Posh Homes as Perk Passé for Top Execs of India Inc

Publication: ECONOMIC TIMES Date : 21 MARCH 2018
Many prefer big pay hike as that is more tax-efficient than living in company-owned apartments

Jai Corp Promoters Buy South Mumbai Bungalow for ₹. 152 cr

Publication: ECONOMIC TIMES Date : 21 MARCH 2018
Mumbai : In one of the major bungalow deals in South Mumbai, the promoter family of Jai Corp, including current and former MDs Gaurav Jain and his father Satyapal Jain, have bought ‘La Bonita’ a sea-view bungalow in the plush Breach Candy locality


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