RERA NEWS

After two-year lull, a return of NRIs to Mumbai realty

Publication: TIMES OF INDIA Date : 22 DECEMBER 2017

Mumbai: After a lull of two years, Non-Resident Indians (NRIs) have slowly started purchasing property in the Mumbai region, developers say.

Real estate undergoes an extensive remodelling this year

Publication: DNA Date : 27 DECEMBER 2017

Housing sector witnessed quite a disruptive year that began with the aftershocks of demonetisation, followed by affordable housing being accorded infrastructure status, the Real Estate (Regulation and Development) Act, 2016 (Rera),

INFRA NEWS

MTHL work may kick off next month

Publication: DNA Date : 27 DECEMBER 2017

Chief Minister Devendra Fadnavis, who is also the Chairman of Mumbai Metropolitan Region Development Authority (MMRDA), on Tuesday signed agreement with contractors for construction of 22-km-long Mumbai Trans Harbour Link (MTHL)

Soon, plastic litter to be used for road construction

Publication: DNA Date : 27 DECEMBER 2017

After proposing a ban on plastic, the state government is planning to forge tie-ups between municipal bodies and waste-to-energy units and cement plants to dispose of existing stocks of plastic waste.

To widen roads, BMC slashes open space premium for plots

Publication: TIMES OF INDIA Date : 27 DECEMBER 2017

Mumbai: If a building gives up aportion of its plot for road widening reservation and then chooses to go for redevelopment,

CITY NEWS

BMC to take action against housing societies that do not segregate waste

Publication: THE INDIAN EXPRESS Date : 27 DECEMBER 2017

In a circular to assistant municipal commissioners of all 24 wards, Municipal Commissioner Ajoy Mehta directed them to initiate “direct” action instead of issuing warnings or notices.

Housing sector to receive investments soon, says Devendra Fadnavis

Publication: THE ASIAN AGE Date : 27 DECEMBER 2017

Nashik: Maharashtra chief minister Devendra Fadnavis said that the housing sector is expected to receive the most of the investment soon.

REALTY NEWS

Jaypee Aims to Deliver Over 5,100 Flats, Plots by Mar

Publication: ECONOMIC TIMES Date : 27 DECEMBER 2017

Mumbai: The fear of liquidation has prompted Jaypee Infratech, a Jaypee Group company, to expedite the deliveries of its apartments,

Ikea store construction to start in 2018

Publication: DNA Date : 27 DECEMBER 2017

The construction of Swedish home solutions giant Ikea’s second India store at Navi Mumbai in Maharashtra will commence only early next year.

Realty stocks surge as outlook improves

Publication: FINANCIAL EXPRESS Date : 27 DECEMBER 2017

Real estate stocks were in focus on Tuesday, notching up gains of up to 4%

Car and home loans are growing fastest for us, says Bankbazaar.com CEO Adhil Shetty

Publication: FINANCIAL EXPRESS Date : 27 DECEMBER 2017

Financial marketplace BankBazaar.com, which offers savings products, access to insurance policies and loans, saw faster growth in the car-loan and home-loan categories in 2017 than in unsecured products,

Realty stocks surge as outlook improves

Publication: FINANCIAL EXPRESS Date : 27 DECEMBER 2017

Real estate stocks were in focus on Tuesday, notching up gains of up to 4%

Profits from selling a redeveloped house can attract short-term capital gains tax

Publication: MINT Date : 27 DECEMBER 2017

The rate and final taxability will depend on various factors like individual share, other income and reinvestment into other property or specified bonds