24TH JUNE 2017 NEWS

 RERA NEWS

Realty Ads Allowed Till July-end Sans RERA Registration in Maha

Publication: ECONOMIC TIMES Date : 24 JUNE 2017

Mumbai:   FOR ONGOING PROJECTS Developers in state get stipulated 90-day window, starting May 1

Mumbai: RERA makes smart babus hot property

Publication: MID-DAY Date : 24 JUNE 2017

Even as the government tightens the screws on the construction industry with the Real Estate Regulatory Act (RERA) 2016,

RERA: New rules to make realty free of undesirable activity, says HDFC chairman Deepak Parekh

Publication: FINANCIAL EXPRESS Date : 24 JUNE 2017

HDFC Chairman Deepak Parekh today termed government policies on housing as practical and implementable and expressed hope

Interview with Mohit Malhotra: ‘As RERA steps in, many players don’t want to pursue projects any more’

Publication: THE INDIAN EXPRESS Date : 24 JUNE 2017

"While RERA will bring in a lot of changes, I would like to see some improvement in the frequent regulatory changes. Even the approval procedure needs to be simpler, transparent and faster.

 REDEVELOPMENT NEWS

Redevpt projects on internal pvt roads stalled as BMC bars TDR

Publication: TIMES OF INDIA Date : 24 JUNE 2017

Mumbai:   Redevelopment projects located along internal private roads across the suburbs have been stalled because the BMC has stopped issuing transfer of development rights (TDR) for such projects.

 HC NEWS

HC stays new constructions for Thane, Pune civic bodies

Publication: DNA Date : 24 JUNE 2017

The bench has asked both the corporations to submit an affidavit within two weeks giving details about how many construction projects are ongoing in the areas and their source of getting water

Bombay HC says new buildings cannot come up in two Pune localities until water issues are solved

Publication: HINDUSTAN TIMES Date : 24 JUNE 2017

No new buildings can come up in Pune’s Baner and Balewadi areas until the civic body solves water problems in these localities, the Bombay high court said on Friday.

REALTY NEWS

Smart City Mission gets another 30 cities, proposed investment of Rs 57,393 cr

Publication: FINANCIAL EXPRESS Date : 24 JUNE 2017

Minister for urban development and housing & urban poverty alleviation M Venkaiah Naidu on Friday announced a list of 30 cities selected under the Smart Cities Mission,

25TH JUNE 2017 NEWS

CITY NEWS

Developers at sea as states not ready with Rera rules

Publication: TIMES OF INDIA Date : 25 JUNE 2017

Real estate developers across the country are in a quandary as the Centre has stopped them from marketing ongoing projects yet to be registered with their respective states' real estate regulatory authority (Rera),

Japanese garden, playground for Mumbai suburbs under Development Plan

Publication: HINDUSTAN TIMES Date : 25 JUNE 2017

A Japanese garden for Bhandup and a playground for Mulund — the Brihanmumbai Municipal Corporation is planning to redo these two plots in Mumbai’s eastern suburbs under its Development Plan (DP) 2034.

Likely impact of RERA & GST: ‘80% dip in new launches, 5% rise in prices of homes’

Publication: THE INDIAN EXPRESS Date : 25 JUNE 2017

On an average, 40,000 housing units gets completed in Ahmedabad every year. However, with fewer new launches expected this year, developers fear that there will be short-supply of residential units within the next 12 months.