RERA NEWS

Fear of project cost rise in Maharashtra post RERA

Publication: ET REALTY Date : 24 APRIL 2017

PUNE: The state government’s RERA rules will bring in transparency to the real estate sector, but may prompt developers to pass on the rise in project costs to consumers.

RERA to keep fly-by-night developers out of field in Pune

Publication: ET REALTY Date : 24 APRIL 2017

PUNE: Pune Municipal Corporation’s building department hopes to see only authentic developers and builders coming for permissions after the Maharashtra government released its final Real Estate Regulation and Development Act (RERA) rules, 2017.

RERA from May 1: Gujarat yet to frame regulations

Publication: ET REALTY Date : 24 APRIL 2017

AHMEDABAD: With Central government notifying the remaining sections of the Real Estate (Regulation and Development) Act, 2016 (RERA), the realty law is set to be implemented from May 1.

Rera makes the past tense for realtors

Publication: BUSINESS STANDARD Date : 24 APRIL 2017

More than the future, real estate developers are worried about their past as they wait anxiously for implementation of the Estate (Regulation and Development) Act, 2016, or Rera, from May 1. According to experts,

SRA NEWS

SRA cracks whip, scraps 24 slum rehab projects in city

Publication: TIMES OF INDIA Date : 24 APRIL 2017

Mumbai:`Developers' Were Waiting To Make A Killing. Cracking down on fly-by-night builders, the Slum Rehabilitation Authority (SRA) has, for the first time, terminated clearances given to 24 slum rehabilitation projects across the city.

NEW PARKING POLICY NEWS

Speak up: Will BMC's new policy bring relief from parking woes?

Publication: TIMES OF INDIA Date : 21 APRIL 2017

The Brihanmumbai Municipal Corporation (BMC) has recently rolled out its new pay-and-park policy after the state government lifted the stay on it last month. The highlights of the new policy for city motorists include hourly charges, monthly pass (a day as well as night pass) and discounted rates at tourists spots among others.

INFRA NEWS

Niti Aayog's 15-year Vision Plan Projects 8% Growth

Publication: ECONOMIC TIMES Date : 24 APRIL 2017

India will be a `469 lakh crore, or $7.2 trillion, economy by 2030, growing at an average rate of 8%, Niti Aayog, the government's premier think-tank, has projected as part of its 15-year vision document.

PM to Review Infrastructure Progress

Publication: ECONOMIC TIMES Date : 24 APRIL 2017

New Delhi: Prime Minister Narendra Modi is expected to set robust targets for infrastructure creation for 2017-18 after India saw an average growth of more than 30% across sectors last year, officials said ahead of a meeting on Tuesday where the PM will review infrastructure progress in the country and set targets for central ministries for this fiscal.

Missing the good for the trees? Metro-III means lesser carbon dioxide despite loss of greenery

Publication: TIMES OF INDIA Date : 21 APRIL 2017

Mass Transit System To Cut 10,000 Tonnes of Emissions: Study. There's been much heartburn over loss of green cover and the impact on the environment owing to metro rail work in south Mumbai.

BMC formulating Development Plan for 113 hectare handed over by MMRDA

Publication: THE INDIAN EXPRESS Date : 24 APRIL 2017

WHILE THE Development Plan 2034 awaits the general body’s approval before it can be sent to the state government for the final nod, the Brihanmumbai Municipal Corporation (BMC) is drafting plans for around

Commuters may not have to change trains for 3 Metro routes

Publication: THE INDIAN EXPRESS Date : 24 APRIL 2017

The commuting woes of Mira-Bhayandar residents could soon get some respite, with the Mumbai Metropolitan Region Development Authority (MMRDA) planning to provide them Metro connectivity to the international airport in Andheri.

CITY NEWS

CONSUMER AS KING - Firm buying flat for own use can be treated as a consumer

Publication: TIMES OF INDIA Date : 21 APRIL 2017

While goods purchased or services availed for “commercial purpose“ are excluded from the purview of the Consumer Protection Act, the term is not defined clearly hance the confusion about its interpretation.

OTHER CITY NEWS

Pune developers get 2 years' jail in cheating case

Publication: ET REALTY Date : 24 APRIL 2017

PUNE: The cantonment court here has sentenced two partners of a construction firm on Sinhagad Road to two years' simple imprisonment for cheating a homebuyer.

Builders can’t promise residents extra FSI: Navi Mumbai civic body

Publication: ET REALTY Date : 24 APRIL 2017

NAVI MUMBAI: The civic body’s town planning department has decided to issue notices to all wards, warning realty firms against promising more FSI than what has been sanctioned for redevelopment of Cidco-built buildings.

REALTY NEWS

Lodha Developers to pump in Rs 4,300 crore to boost home deliveries in FY18

Publication: ET REALTY Date : 24 APRIL 2017

NEW DELHI: Realty major Lodha Developers will invest about Rs 4,300 crore this fiscal on construction to boost deliveries of housing units and also plans to launch 8-9 new projects in Mumbai, Pune and London.

BSE Realty index at over 2-year high, but fundamentals weak

Publication: HINDUSTAN TIMES Date : 24 APRIL 2017

In the year so far, the BSE Realty index has gained 51.99% touching over a two-year high in April, against 10.29% and 11.41% gains in the Sensex and the Nifty, respectively. In the same period, the BSE Midcap index rose 20.40%.

Home buyers wait and watch as realty sales halve in Mumbai, Bengaluru, NCR

Publication: BUSINESS STANDARD Date : 24 APRIL 2017

Ramesh Patra, an executive at a Mumbai-based private bank, has been looking to buy a house for the past seven months. But he hasn’t made a decision despite developers giving discounts of 10-15 per cent or absorbing stamp duty and registration charges.