26TH OCTOBER 2017

RERA NEWS

BUILDERS MUST PAY INTEREST FOR ALL DELAYED PROJECTS ON THEIR OWN: CONSUMER BODY

Publication: MUMBAI MIRROR Date : 26 OCTOBER 2017

With the volume of complaints by harried home buyers for delay in possession of their flats rising every day, consumer rights organisation,

MHADA NEWS

Poor response to Mhada flats in Mumbai this year; people complain they are unaffordable

Publication: HINDUSTAN TIMES Date : 26 OCTOBER 2017

The Maharashtra Housing and Area Development Authority’s (Mhada) affordable housing lottery scheme has not got the huge response this year that it usually gets,

AFFORDABLE HOUSING NEWS

Over 2 crore affordable houses to be built in three years

Publication: ET REALTY Date : 26 OCTOBER 2017

NEW DELHI: The government said on Tuesday that a universal affordable housing scheme will give a big boost to the construction industry as 1.2 crore dwellings will be built in three years under PMAY's

REALTY NEWS

Cinnamon Capital sells 2.24% in Indiabulls Real Estate

Publication: ET REALTY Date : 26 OCTOBER 2017

MUMBAI: Cinnamon Capital has sold 1.06 crore shares or 2.24% stake in realty developer Indiabulls Real Estate between October 5 and 24, the company informed stock exchanges.

PNB Housing Finance reports 51% rise in Q2 profit to Rs 208 crore

Publication: ET REALTY Date : 26 OCTOBER 2017

Net interest income of the company registered a 69% growth to Rs 386 crore in the September quarter this year, compared with Rs 228 crore in the same period last year

27TH OCTOBER 2017

INFRA NEWS

Navi Mumbai airport: Cidco pegs land value at Rs 5,000 crore, MIAL to pay Rs 840 crore

Publication: ET REALTY Date : 27 OCTOBER 2017

NAVI MUMBAI: The GVK-led MIAL, which has been awarded the Navi Mumbai International Airport Project, will have to pay Cidco Rs 840 crore.

CITY NEWS

Bandra building faces power, water supply cut after fire

Publication: ET REALTY Date : 26 OCTOBER 2017

The fire brigade also asked the BMC to discontinue water and power supply to the building until all fire safety equipment are put in plac

OTHER CITY NEWS

Thane civic body plans sops for housing societies conserving green cover

Publication: ET REALTY Date : 26 OCTOBER 2017

THANE: The Thane Municipal Corporation (TMC) now wants to encourage residents to participate in conservation of the green cover in their respective areas.

REALTY NEWS

Mumbai, Bengaluru to Delhi NCR, property sales bring no cheer, future dark, says report

Publication: FINANCIAL EXPRESS Date : 26 OCTOBER 2017

Home sales have not recovered meaningfully since the low point of demonetisation last December, data sourced from real estate consulting firm PropEquity indicated.

Unitech asked to pay flat buyer ₹50 lakh

Publication: THE HINDU Date : 26 OCTOBER 2017

The National Consumer Disputes Redressal Commission (NCDRC), on October 24, directed Unitech Reliable Projects Private Limited to compensate a flat buyer by paying a sum of ₹50 lakh, after it failed to deliver the possession of the flat within the stipulated time.

Housing sales dip 18% in 9 major cities

Publication: BUSINESS LINE Date : 26 OCTOBER 2017

NEW DELHI, OCT 26: Housing sales dropped 18 per cent year-on-year to 44,755 units in nine major cities during the September quarter on continued slowdown in the property market, a report said today.