27TH & 30TH APRIL 2019

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MCHI-CREDAI

27TH APRIL 2019 NEWS

CITY NEWS

     

Bombay HC stops construction of casting yard at Juhu beach for Bandra-Versova sea link

Publication: DNA Date : 27 APRIL 2019
In a setback for the Maharashtra Government, the Bombay High Court on Friday, set aside the permission granted by authorities for constructing a temporary casting yard for building the Bandra-Versova sea link at the Juhu-Koliwada beach.
     

Bombay HC quashes sealink permissions

Publication: THE ASIAN AGE Date : 27 APRIL 2019
Mumbai: Activists had reason to cheer on Friday as the Bombay high court quashed all the permissions given to the Maharashtra State Road Development Corporation (MSRDC) to raise a casting yard at Juhu Koliwada beach.
     

Mumbai: No takers for three plots in BKC, MMRDA extends tender date

Publication: THE INDIAN EXPRESS Date : 27 APRIL 2019
From these three lands, the MMRDA was aiming to generate a revenue of Rs 3,000 crore, which was supposed to be used in big infrastructure projects, like Metro corridors. The MMRDA has reserved a rate of Rs 3.44 lakh per sq m on built-up area.

REALTY NEWS

     

Piramal to exit Shriram, in talks for DHFL loans

Publication: TIMES OF INDIA Date : 27 APRIL 2019
Mumbai: Piramal Enterprises promoter Ajay Piramal has confirmed that the group is looking to exit Shriram Capital. The exit is likely to follow a restructuring of Shriram group with consolidation of the lending business.
     

Realtor will be audited over claims of funds diversion

Publication: HINDUSTAN TIMES Date : 27 APRIL 2019
After recommending a police case against three housing finance companies and a real estate developer for allegedly diverting funds collected from homebuyers, the Haryana Real Estate Regulatory Authority (H-Rera),
     

Lottery for affordable housing suspended by H-Rera

Publication: HINDUSTAN TIMES Date : 27 APRIL 2019
H-Rera officials said that they had received complaints regarding non-availability of application forms, asking for premium in cash, demanding external development charges (EDC) and non-availability of flats for homebuyers.

29TH APRIL 2019 NEWS

REALTY NEWS

     

Home prices dip in UK, US & UAE. Grab the chance to invest

Publication: HINDUSTAN TIMES Date : 29 APRIL 2019
The slow-moving domestic real-estate sector has led High Net-worth Individuals and Ultra High-Net-worth Individuals to consider overseas options. The primary reason is an expectation of good returns.
     

Over 50 builders face probe for profiteering under GST

Publication: MINT Date : 29 APRIL 2019
Developers under scanner for not passing on input tax credit benefit to homebuyers
     

Sebi move opens up REITs and InVITs to retail investors

Publication: MINT Date : 29 APRIL 2019
Sebi has reduced the minimum subscription limit for REITs from Rs2 lakh to ₹50,000, and for investment trusts (InVITs) from ₹10 lakh to ₹1 lakh

30TH APRIL 2019 NEWS

PROP TIGER REPORT

     

Housing sales down 5% in Jan-Mar 2019 on changes in GST rates, rules: PropTiger

Publication: BUSINESS STANDARD Date : 30 APRIL 2019
Housing sales dipped by 5 per cent to 75,706 units in nine major cities during January-March period because of transition in GST rates, according to a report by property brokerage firm PropTiger.
     

Housing sales down 5 per cent in Q4

Publication: DECCAN CHRONICLE Date : 30 APRIL 2019
Housing sales dipped by 5 per cent to 75,706 units in nine major cities during January-March period because of transition in GST rates, according to a report by property brokerage firm PropTiger.
     

RERA NEWS

     

Rera stays a non-starter in 12 states and Union territories

Publication: DNA Date : 30 APRIL 2019
As the Real Estate (Regulation and Development) Act, 2016, or Rera, completes two years today, about 12 states and Union territories are still in the process to bring the developers to book.
     

Property registration under RERA picking up

Publication: BUSINESS LINE Date : 30 APRIL 2019
Maharashtra leads with 20,718 projects and 19,699 real estate agents registered with the regulatory authority

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