22ND&23RD JULY 2017

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MCHI-CREDAI

22ND JULY 2017 NEWS

RERA NEWS

     

RERA to infuse confidence among house hunters in Rajasthan

Publication: ET REALTY Date : 22 JULY 2017
JAIPUR: The colonies developed by the Jaipur Development Authority (JDA) have been a major attraction for house hunters.

OTHER CITY NEWS

     

Mumbai’s new airport comes at a cost: 72 Wankhede stadiums of mangroves

Publication: HINDUSTAN TIMES Date : 22 JULY 2017
The Navi Mumbai airport, first proposed 20 years ago and approved in 2007, is to be built on 1,160 hectares, of which 250 hectares is forest land

CITY NEWS

     

Bombay HC all for flight safety, but worries about building residents losing homes

Publication: ET REALTY Date : 22 JULY 2017
MUMBAI: Hearing a PIL on danger posed to aircraft by high-rises near the airport, the Bombay high court batted for flight safety,
     

Former SRA boss cleared 137 files in his final month

Publication: ET REALTY Date : 22 JULY 2017
MUMBAI: Former SRA CEO Vishwas Patil whose actions are now under scrutiny had decided on 137 files in the last month of his tenure.
     

Trust hacks trees on 20,000 sqft of its Wadala property

Publication: TIMES OF INDIA Date : 22 JULY 2017
MUMBAI: The Bombay HC on Friday told a trust running a sanatorium in Wadala to state what it intends to do on 20,000 sqft of its property where it has hacked trees and vegetation.
     

Maharashtra CM to revise rules to clean up slum rehab scheme

Publication: TIMES OF INDIA Date : 22 JULY 2017
MUMBAI: CM Devendra Fadanvis is all set to launch an effort to bring in total transparency and accountability in the process of redevelopment of slums in view of large-scale irregularities,
     

Maharashtra issues draft rules to regularise illegal constructions

Publication: HINDUSTAN TIMES Date : 22 JULY 2017
The Bharatiya Janata Party (BJP)-led Maharashtra government has set the ball rolling to regularise lakhs of unauthorised buildings and structures in cities across the state, including the Mumbai Metropolitan Region, on the payment of a compounding fee.

23RD JULY 2017 NEWS

RERA NEWS

     

RERA deadlock: Homebuyers in limbo as builders move court ahead of deadline for registering projects

Publication: HINDUSTAN TIMES Date : 23 JULY 2017
Real estate developers have moved courts to challenge a landmark law that seeks to protect homebuyers, ostensibly in an attempt to stall its implementation a week before a key deadline.
     

Builders will have to give 5-year warranty against structural flaws as per RERA

Publication: HINDUSTAN TIMES Date : 23 JULY 2017
While RERA or Real Estate (Regulation and Amendment) Act, 2016, will slowly change the way the real estate industry operates in India, the Act has also thrown open a few aspects that need extensive deliberation.

 CITY NEWS

     

Flight path buildings crumbling, builders not keen on redevelopment

Publication: TIMES OF INDIA Date : 23 JULY 2017
MUMBAI: The realty metamorphosis sweeping the suburbs, turning thousands of old residential buildings into taller, new structures, has left out those that stand under the four pathways marked by the 800-odd flights that enter and exit Mumbai daily.
     

Developer held for duping bank of Rs 65cr

Publication: TIMES OF INDIA Date : 23 JULY 2017
MUMBAI : The CBI has booked Vijay Choudhary, promoter-cum director of Zoom Developers, in connection with cheating the Indian Overseas Bank's Juhu branch of Rs 65 crore.
     

State move to regularise illegal buildings arbitrary: PIL

Publication: TIMES OF INDIA Date : 23 JULY 2017
MUMBAI: Rajiv Mishra, who had first filed a PIL against illegal constructions, filed a fresh petition on July 7, challenging the amendment to the Maharashtra Regional Town Planning Act (MRTP), allowing regularisation of illegal constructions.

 REALTY NEWS

     

Real estate slowdown a myth? Home loan disbursements grew 23% in 2016-17

Publication: BUSINESS STANDARD Date : 23 JULY 2017
Have you been hearing that there is a slowdown in the real estate sector and the market has come to a standstill? Well, you might have been interacting with real estate players.

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