22ND MARCH 2017

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MCHI-CREDAI

PMAY NEWS

     

1.17 lakh more affordable houses for urban poor sanctioned under PMAY(Urban)

Publication: PRESS INFORMATION BUREAU Date : 22 MARCH 2017 PAGE: 05
Ministry of Housing and Urban Poverty Alleviation today approved construction of 1,17,814 affordable houses for the benefit of urban poor in six States at a total cost

RERA NEWS

     

Pro-consumer realty rules set to be notified within a week

Publication: TIMES OF INDIA Date : 22 MARCH 2017 PAGE: 01
Mumbai   A week after TOI's exclusive report on the new real estate law in Maharashtra, CM Devendra Fadnavis on Tuesday finalised the rules for the implementation of the Real Estate (Regulation and Development) Act.
     

Builders in Maharashtra can’t refuse flats to buyers over eating habits

Publication: HINDUSTAN TIMES Date : 22 MARCH 2017 PAGE: 01
The Maharashtra government will notify rules for a housing regulator in the state by next week after chief minister Devendra Fadnavis cleared the final draft on Tuesday with several changes after protests from housing activists.
     

Maha CM Devendra Fadnavis approves Real Estate Act (RERA)

Publication: DNA Date : 22 MARCH 2017 PAGE: 01
The Maharashtra chief minister Devendra Fadnavis approved the Real Estate (Regulation and Development) Act (RERA) that will come effect from May 1, 2017.
     

Devendra Fadnavis approves RERA rules, law ministry to give final nod

Publication: THE ASIAN AGE Date : 22 MARCH 2017 PAGE: 01
Mumbai: Chief Minister Devendra Fadnavis has approved Real Estate Regulator Act (RERA) 2016 rules, which protect the home buyers’ interest. The RERA 2016, which would soon come into existence as the act, has been sent to law and judiciary department for the final nod.

INFRA NEWS

     

Metro VII likely to be extended till domestic airport

Publication: TIMES OF INDIA Date : 22 MARCH 2017 PAGE: 01
Mumbai   The Mumbai Metropolitan Region Development Authority (MMRDA) is likely to extend Metro VII (Dahisar-Andheri via Western Express Highway) till the domestic airport to ensure better ridership. 

OTHER CITY NEWS

     

40 builders called for inquiry in urban land ceiling scam by Thane police

Publication: ET REALTY Date : 22 MARCH 2017 PAGE: 01
THANE: As many as 40 builders have been issued with notices for inquiry by the Thane police probing the multi-crore urban land ceiling regulation act scam.

 CITY NEWS

     

DCR clause holds many liable for bldg flaws

Publication: THE ASIAN AGE Date : 21 MARCH 2017 PAGE: 02
Mumbai: As per a new clause being added to development control rules by the urban development department, the architect, site engineer, construction company, contractor and sub-contractor will now be liable for structural flaws or defects in a building 

REALTY NEWS

     

Reverse mortgage a good choice for you? 4 power points to consider

Publication: FINANCIAL EXPRESS Date : 22 MARCH 2017
(Bloomberg Gadfly) -- India's war against cash has been giving a splitting headache to the country's real estate market, a popular conduit for tax evasion.
     

As home loan train gets overcrowded, HFCs stare at margin squeeze

Publication: MINT Date : 22 MARCH 2017
Banks have aggressively cut their home loan rates and once they begin fixing their bad loans, rates will drop further. Incremental business growth too could get slower as banks garner market share
 

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