21ST FEBRUARY 2017
INFRA NEWS
		Apartments along infra projects to cost more Publication: MUMBAI MIRROR Date : 21 FEBRUARY 2017 PAGE: 06 You could soon be paying more for a plot of land, or an apartment if they are located near or along a ma jor upcoming infrastructure project. The state government is working on a plan to impose an impact fee, or betterment charges on property transactions in areas where prices are on the rise due to projects such as Mumbai Trans Harbour Link (MTHL), Navi Mumbai Airport, and metro, among others.

CITY NEWS
		FIR heat on realtor in Juhu building scam Publication: MUMBAI MIRROR Date : 21 FEBRUARY 2017 PAGE: 08 Real estate developer Rustomjee Realty's much talked about residential project in Juhu, Elements, has run into fresh trouble with one more buyer going to police with a fraud compliant.

REALTY NEWS
		Deposit 14% interest on 39 home buyers’ money: SC to Unitech Publication: THE FINANCIAL EXPRESS Date : 21 FEBRUARY 2017 In a big jolt to builders, the Supreme Court on Monday asked embattled Delhi-based real estate firm Unitech Resorts to pay a fine equivalent to a whopping 14% a year of the principal amount deposited by 39 buyers
		Best time for home loans as rates at 6-yr low Publication: FINANCIAL CHRONICAL Date : 21 FEBRUARY 2017 If you are planning to avail of a home loan, it is the best time now to go for it as lending rates for housing loans are at their lowest in six years. With the Reserve Bank of India (RBI) signalling the end of the monetary easing cycle, the scope for further fall in interest rates is unlikely.
		Pay 14% interest to flat buyers: Apex court to Unitech Publication: BUSINESS LINE Date : 21 FEBRUARY 2017 NEW DELHI, FEB 20: Slapping a penalty on Unitech Resorts for delaying handing over of flats, the Supreme Court today directed it to deposit 14 per cent interest on Rs. 16.55 crore invested by 39 home buyers with it.
		Housing sales fall 31%, launches dip 40% in Dec quarter: Report Publication: MONEY CONTROL Date : 21 FEBRUARY 2017 The stock of unsold houses however fell marginally by 1 per cent to 4,53,592 units in Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru and Chennai from 4,59,067 units in the previous quarter, said PropEquity, a real estate data, research and analytics firm.
		Bahrain group and Square Plums to enter co-living space Publication: ET REALTY Date : 21 FEBRUARY 2017 MUMBAI: Bahrain-based MNC Al Namal Group is entering the co-living homes sector in India through an 'operating agreement' with Square Plums, an upcoming brand of co-living homes based in Bengaluru.
		ArthVeda to hit the fund trail to raise $1 billion for affordable housing Publication: ET REALTY Date : 21 FEBRUARY 2017 MUMBAI: ArthVeda Fund Management, part of financial services conglomerate Wadhawan Global Capital, is planning to raise $1 billion to invest in affordable housing projects across the country, said a top company official.

22ND FEBRUARY 2017
NATIONAL NEWS
		Owners of flats worth less than Rs 1cr can move nat'l forum jointly: SC Publication: TIMES OF INDIA Date : 22 FEBRUARY 2017 PAGE: 01 New Delhi: The Supreme Court has ruled that flat owners can join hands to directly approach the National Consumer Disputes Redressal Commission (NCDRC) against builders.
		Flat buyers can team up to file complaints against builder Publication: HINDUSTAN TIMES Date : 22 FEBRUARY 2017 PAGE: 01 The Supreme Court upheld on Tuesday a decision by the National Consumer Disputes Redressal Commission (NCDRC) to allow flat buyers to jointly approach it in case of a dispute with a builder,

REALTY NEWS
		In Realty, Warehousing and Retail Catch PE Firms' Fancy Publication: ECONOMIC TIMES Date : 22 FEBRUARY 2017 PAGE: 08 FRESH OPPORTUNITY Foreign private equity investors, including those from China, Japan and Korea, are showing interest in industrial development projects in the backdrop of GST implementation
		`Homebuyers Can Move NCDRC Against Builders Via Associations' Publication: ECONOMIC TIMES Date : 22 FEBRUARY 2017 PAGE: 08 New Delhi: In a ruling that would help reduce multiplicity of cases for state and national consumer forums, the Supreme Court has said homebuyers have every right to file complaints against builders in National Consumer Disputes Redressal Commission (NCDRC) through associations.
		NOW & THEN - House That for Renovation! Publication: ECONOMIC TIMES Date : 22 FEBRUARY 2017 PAGE: 16 The recent policy push for housing and real estate should shore up investment and boost the growth momentum going forward. Abroad, in the mature markets, real estate contributes almost 50% to overall economic growth, and there is no reason for the corresponding figure, which is barely in double digits here, to remain rangebound nationally .
		Getting married? Avail PMAY benefits Publication: DNA Date : 22 FEBRUARY 2017 PAGE: MONEY Our prime minister made many significant announcements when he adressed the nation on December 31,2016

 

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