28TH & 31ST JULY 2018

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MCHI-CREDAI

28TH JULY 2018 NEWS

INFRA NEWS

     

Thane housing projects over 10 lakh sq ft have to douse their own fires

Publication: DNA Date : 28 JULY 2018
Sprawling high-rise complexes that now come up in Thane will be required to have their own fire-fighting vehicles.

REALTY NEWS

     

1% surcharge on stamp duty: ‘Proposal will hamper consumer sentiment’

Publication: THE INDIAN EXPRESS Date : 28 JULY 2018
The Maharashtra government’s proposal to levy a one per cent surcharge on stamp duty will hamper consumer sentiment, especially in the affordable housing segment.
     

Steady growth in secondary realty market

Publication: BUSINESS LINE Date : 28 JULY 2018
NEW DELHI, JULY 27 The secondary market segment in real estate is witnessing growth and the trend will continue, say industry experts.

29TH JULY 2018 NEWS

REALTY NEWS

     

Piramal aims to work with property developers, revive distressed projects

Publication: BUSINESS STANDARD Date : 29 JULY 2018
Piramal Capital and Housing Finance is looking to work with distressed property developers and turn around projects..

30TH JULY 2018 NEWS

MAHARERA NEWS

     

MahaRERA declines home buyers plea to construct pending houses

Publication: DNA Date : 30 JULY 2018
When a group of home buyers approached Maharashtra Real Estate Regulatory Authority, asking it, to be allowed to construct, complete and occupy the apartments as the builder is neither proceeding with the work of construction 

CITY NEWS

     

Mumbai: Slump in real estate sector continues despite drop in prices of housing units

Publication: THE INDIAN EXPRESS Date : 30 JULY 2018
Sale of residential spaces has remained almost stagnant in the first half of 2018, according to the latest report by Knight Frank on the Indian Real Estate market.
     

Mumbai grows, pollution soars: Construction dust ups risk of stroke, shows data

Publication: HINDUSTAN TIMES Date : 30 JULY 2018
Level of dangerous particles in the air you breathe has risen drastically in 3 years; PM 10 levels in city 2.5 times the annual safe limit, shows environment ministry study
     

Probe against BMC legal department over Rs 500 crore plot case

Publication: ET REALTY Date : 30 JULY 2018
MUMBAI: After the Supreme Court dismissed the BMC's special leave petition claiming rights over a prime 14,000 sqm plot in Jogeshwari (E),

REALTY NEWS

     

‘We need high-density development’

Publication: THE HINDU Date : 30 JULY 2018
Mumbai, one of India’s most liveable cities, needs to go vertical, according to Surendra Hiranandani, chairman, House of Hiranandani.
     

Why a recovery from real estate slowdown is still a long way off

Publication: MINT Date : 30 JULY 2018
New real estate project launches in June quarter have declined 60% from a year ago, even as stalling rates remain at an all-time-high with more than ₹ 2.5 trillion stuck

31ST JULY 2018 NEWS

RERA NEWS

     

Haryana RERA strips Orris Infra and The 3C of their rights over prime land

Publication: ET REALTY Date : 31 JULY 2018
In a matter related to the Greenopolis Project being developed on 47 acres in Gurugram, the authority has restrained both the joint developers Orris Infrastructure

CITY NEWS

     

Bombay HC dismisses ACC's plea challenging validity of Tata's bid for BDD chawl redevelopment

Publication: ET REALTY Date : 31 JULY 2018
ACC had claimed in its plea that replies received from the the state and MHADA under the Right to Information Act had revealed that Tata Projects did not meet the requisite
     

With no trust in builders, self-redevelopment takes off in Mumbai

Publication: ET REALTY Date : 31 JULY 2018
In self-redevelopment, residents themselves reap the construction bonanza earlier enjoyed by the builder. Societies appoint their own architect, contractor and project management consultant to execute the project

OTHER CITY NEWS

     

TMC goofs up Cluster development scheme, to hold individual hearings on issue

Publication: DNA Date : 31 JULY 2018
The cluster development scheme which has become a bone of contention between Thanekars and the TMC has also become a ground for goof-ups and blame game.

REALTY NEWS

     

Homebuyers' interest up with govt focus on affordable housing: HDFC

Publication: ET REALTY Date : 31 JULY 2018
HDFC has helped over 44,000 beneficiaries to avail the benefits under Credit Linked Subsidy Scheme (CLSS), Managing Director Renu Sud Karnad said
     

Buy realty stocks only for the long term, say analysts

Publication: BUSINESS STANDARD Date : 31 JULY 2018
A genuine demand recovery in the sector, experts say, is still some time away even as the prices continue to spiral down.

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