27TH DECEMBER 2016

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MCHI-CREDAI

BENAMI PROPERTIES NEWS

     

PM’s crackdown on benami properties to clean up realty

Publication: THE ASIAN AGE Date : 27 DECEMBER 2016 PAGE: 13
MUMBAI: Prime Minister Narendra Modi’s vow to take on benami, or nameless properties, can bring greater transparency to a notoriously opaque sector and help check prices if a new law is implemented properly, experts said on Monday.
     

DNA Edit: Putting a name to the benami Indian

Publication: DNA Date : 27 DECEMBER 2016 PAGE: 02
MUMBAI:In his final radio address of 2016, Prime Minister Narendra Modi reiterated his determination to act against those who park illegal wealth in property with no clear titles and no authentic name of a clear buyer attached to it
     

Benami properties next on target, realtors jittery

Publication: FINANCIAL CHRONICLE Date : 27 DECEMBER 2016  PAGE NO: 01
MUMBAI:After flushing old high denomination notes out of the system, prime minister Modi will expand his anti-corruption drive by targeting benami properties, which is real estate purchased in someone else’s name

 RIETS NEWS

     

Sebi puts in place disclosure norms for REITs

Publication: FINANCIAL CHRONICLE Date : 27 DECEMBER 2016 PAGE NO: 04
MUMBAI: Putting in place disclosure norms for real estate investment trusts (REITs), Sebi today said the offer document will contain financial information, related party transactions and past performances
     

REITs must disclose revenue outlook: Sebi

Publication: LIVE MINT Date : 27 DECEMBER 2016  PAGE NO: 05
MUMBAI: Sebi says investment managers of real estate investment trusts, or Reits, must have a minimum 3-year operating cash flow forecast in offer documents

INFRA NEWS

     

578 trees to be axed for initial stations of Metro-III

Publication: AFTERNOON Date : 27 DECEMBER 2016 PAGE NO.: 05
 While environmentalits are making persistent efforts to save as many trees from the ramifications of upcoming metro project in Mumbai, the ever-increasing numbers seem worrisome.  

CITY NEWS

     

Builder who cheated residents a threat to economy, says HC

Publication: TIMES OF INDIA Date : 27 DECEMBER 2016  PAGE NO: 06
MUMBAI: The Bombay High Court has observed that builders like Sachin Kelkar, accused of cheating residents in Vile Parle and even banks by selling off a security given for a loan, are “not good for the economy“
     

Developers, architect denied pre-arrest bail in slab collapse case

Publication: TIMES OF INDIA Date : 27 DECEMBER 2016  PAGE NO: 06
MUMBAI: Five months after 12 persons died when a slab from the illegal 13th floor of an under-construction building in Pune collapsed, the Bombay High Court last week
     

Soft on illegal structures, MBMC yet to obtain satellite images!

Publication: AFTERNOON Date : 27 DECEMBER 2016 PAGE NO.: 08
 To keep a tab on illegal constructions and encroachments, the state government had directed civic bodies and planning authorities to digitise building proposals and integrate them with satellite images using the satellite mapping technology..  
     

Tussle over Priyadarshini Park - BMC hauls up Malabar Hill Citizens' Forum for violations

Publication: MUMBAI MIRROR Date : 27 DECEMBER 2016 PAGE NO.: 11
 The civic body has served a notice to the Malabar Hill Citizens' Forum, which maintains Priyadarshini park, asking for the park back, citing several violations of conditions of the lease agreement.  

  REALTY NEWS

     

2016: a difficult year for real estate

Publication: LIVE MINT Date : 27 DECEMBER 2016  PAGE NO: 12
MUMBAI: While the sector grappled with low sales, demonetization struck another blow. But the new benami Act and the real estate Act will give the sector a long-term fillip... CONTI...
 CONTI...
     

If you think demonetisation will make property cheaper, you could be wrong.

Publication: ECONOMIC TIMES Date : 27 DECEMBER 2016 PAGE NO.: 11
 By Vikram Chari, founder and CEO of SmartOwner, a marketplace for real estate investors   
 

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