23RD MARCH 2017

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MCHI-CREDAI

PMAY NEWS

     

EMIs to come down for some middle-class home buyers in urban areas

Publication: TIMES OF INDIA Date : 23 MARCH 2017 PAGE: 01
Your monthly home loan instalment, or EMI, for a new property will come down by around Rs 2,000 if you are buying your first home in a city or town under the PM Awas Yojna and if your annual household income is in the range of Rs 12-18 lakh.

AFFORDABLE HOUSING NEWS

     

Affordable housing segment to grow at 30%, faster than industry: ICRA

Publication: ET REALTY Date : 23 MARCH 2017
NEW DELHI: The affordable housing segment is likely to grow at a faster pace than industry at above 30% over the medium term on increased focus by the government, according to rating agency ICRA.

RERA NEWS

     

Act will make builders pay for denying flats over food habits

Publication: TIMES OF INDIA Date : 22 MARCH 2017 PAGE: 04
Mumbai:   Victims of discrimination have given the thumbs up to the proposed anti-discrimination clause in the new Real Estate (Regulation and Development) Act, which will prohibit builders from discriminating against buyers on the basis of religion, caste and eating habits.

MANGROVES NEWS

     

Maharashtra government decides to form task force, set-up helpline to curb mangrove destruction

Publication: HINDUSTAN TIMES Date : 23 MARCH 2017
The Maharashtra government on Wednesday announced to constitute a task force and set-up a helpline to curb the destruction of mangroves in coastal areas of Mumbai, Thane and other parts of the state.

INFRA NEWS

     

Metro II corridor to be ready in record time, says MMRDA

Publication: THE ASIAN AGE Date : 23 MARCH 2017
Mumbai: If things go according to the plan, the two Metro corridors in the city will be completed in record time. Judging the pace at the civil work is being carried out, the Mumbai Metropolitan Region Development Authority (MMRDA)

OTHER CITY NEWS

     

Maharashtra: To recover property tax dues, KGMC dumps garbage on premises of defaulting company

Publication: THE INDIAN EXPRESS Date : 23 MARCH 2017
IN ORDER to recover property tax dues from defaulters, the Kalyan Dombivli Municipal Corporation (KDMC) recently decided to dump garbage on the premises of such properties.

REALTY NEWS

     

Shankara IPO may Signal Better Days for Real Estate

Publication: ECONOMIC TIMES Date : 23 MARCH 2017
INVESTOR CONFIDENCE GROWS Some experts say the medium-term prospects of the sector are positive due to improving affordability and consumer interest The real estate sector is poised to look up as industry practices turn more customer-friendly, incomes rise and investor confidence improves.
     

Realty Queries - Ensure Clarity on Legal Status of Resale Property

Publication: ECONOMIC TIMES Date : 23 MARCH 2017
I am looking at buying a resale property. What are the specific factors that I must make note of before purchase?
     

Shubham Housing Fin Plans to Raise $30m from PremjiInvest

Publication: ECONOMIC TIMES Date : 23 MARCH 2017
Mumbai: Co looking to expand its loan portfolio; talks at evaluation stage, says PremjiInvest. Gurgaon-based Shubham Housing Development Finance Company plans to raise about $30 million from the private equity unit of Wipro founder Azim Premji as it looks to expand its loan portfolio.
     

Realty Queries - Ensure Clarity on Legal Status of Resale Property

Publication: ECONOMIC TIMES Date : 23 MARCH 2017
I am looking at buying a resale property. What are the specific factors that I must make note of before purchase?
     

Emami Group enters JV with Sheth Corp for 7-acre Mumbai suburb project

Publication: ET REALTY Date : 23 MARCH 2017
MUMBAI: Realty developer Sheth Corp has entered into joint venture with Emami Group to develop a premium residential project on a 7-acre land parcel in Mulund suburb of Mumbai. Emami Group has infused Rs 350 crores for 50% partnership in this project.
 

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