28TH TO 30TH OCTOBER 2017

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MCHI-CREDAI

28TH OCTOBER 2017

RERA NEWS

     

Can't reopen case decided by civil court, says Rera

Publication: TIMES OF INDIA Date : 28 OCTOBER 2017
Mumbai   In a relief to builders, the Maharashtra Real Estate Regulatory Authority (MahaRera) on Thursday dismissed a complaint of delay against a developer,
     

NO RELIEF - MahaRERA Rejects Homebuyer's Plea

Publication: ECONOMIC TIMES Date : 28 OCTOBER 2017
Mumbai:   Says the issue of compensation was already decided by civil court of Pune In an interesting development, the Maharashtra Real Estate Authority (MahaRERA) has dismissed a homebuyer's plea while asking him .

INFRA NEWS

     

Stalled Navi Mumbai airport work to restart with cop cover today, Cidco to expedite rehabilitation

Publication: TIMES OF INDIA Date : 28 OCTOBER 2017
Navi Mumbai:   Marathon talks with Cidco MD Bhushan Gagrani, the local MP and legislators of Panvel and Uran taluka with Navi Mumbai international airport project
     

Bharat Mala: 12 of 44 road corridors across country will pass through Maharashtra

Publication: HINDUSTAN TIMES Date : 28 OCTOBER 2017
The ambitious Bharat Mala project, announced by the central government earlier this week, has a lot in store for Maharashtra. Of the 44 economic corridors to be built across the country,

CITY NEWS

     

BMC fails to identify Hsg societies without waste pits

Publication: DNA Date : 28 OCTOBER 2017
Housing societies who have been issued Intimation of Disapproval (IoD) and Commencement Certificates (CC) since 2007 were mandatorily meant to have a dedicated waste treatment facility on their premises.

REALTY NEWS

     

Sunteck Raises Over Rs 650 cr to Fund its Expansion Plans

Publication: ECONOMIC TIMES Date : 28 OCTOBER 2017
Mumbai:   Realty player mops up Rs 500 crore via QIP route from global FIs and rest from promoters
     

IRP in Jaypee Infratech case invites firms to submit resolution proposals

Publication: MINT Date : 28 OCTOBER 2017
The interim resolution professional (IRP) for Jaypee Infratech Ltd has called for expressions of interest from companies willing to invest Rs2,000 crore

29TH OCTOBER 2017 NEWS

 CITY NEWS

     

Maharashtra govt to link land info to courts

Publication: DNA Date : 29 OCTOBER 2017
In a major land records reform which will enable buyers to know about the pending litigation on the property that they intend to purchase and ensure that it's status is clear, the state government is planning to link its registration database with that of various courts in the state
     

Illegal construction at 487-year-old Maharashtra lake: NGT issues notices to government departments

Publication: HINDUSTAN TIMES Date : 29 OCTOBER 2017
The National Green Tribunal issued a notice to several divisions of the state government on Friday for illegal construction

OTHER CITY NEWS

     

How political turf war helped revive Navi Mum airport

Publication: TIMES OF INDIA Date : 29 OCTOBER 2017
Navi Mumbai:   For eight months since Cidco closed the finance bid for the Navi Mumbai airport, it seemed the project had been put on the back burner.

REALTY NEWS

     

REALTY CRISIS - Mumbai is witnessing its worst-ever property market slump

Publication: MUMBAI MIRROR Date : 29 OCTOBER 2017
Market rates of residential properties in Colaba, Dadar, Santacruz, Vile Parle dip below ready reckoner rates as lakhs of houses remain unsold

30TH OCTOBER 2017 NEWS

GST NEWS

     

Real estate may not come under GST anytime soon

Publication: DECCON CHRONICLE Date : 30 OCTOBER 2017
Hyderabad: Officials of the law department believe that there will be several procedural hurdles in bringing real estate under the GST regime.

CITY NEWS

     

Is Mumbai witnessing its worst-ever property market slump?

Publication: ET REALTY Date : 30 OCTOBER 2017
Market rates of residential properties in Colaba, Dadar, Santacruz, Vile Parle dip below ready reckoner rates as lakhs of houses remain unsold.
     

Mumbai businessman buys another flat worth Rs 49 crore, now own residences worth Rs 100 crore

Publication: DNA Date : 30 OCTOBER 2017
On October 17, when a city-based businessman purchased a flat worth Rs 49 crore, he joined the rarest of the rare families in Mumbai that own residences worth Rs 100 crore and more.

OTHER CITY NEWS

     

Paranjape Schemes plans to develop second IT SEZ in Pune

Publication: ET REALTY Date : 30 OCTOBER 2017
MUMBAI: Realty developer Paranjape Schemes is planning to develop one more Information Technology Special Economic Zone (IT SEZ) in Pune's Hinjewadi. The company will be investing over `.
     

Thane district's share in Maha GDP on rise, may overtake Mumbai's in future

Publication: TIMES OF INDIA Date : 30 OCTOBER 2017
State Cabinet Clears TERI Report Findings Thane district is expected to replace Greater Mumbai as the prime economic hub of the state. The projection has been made by The Energy and Resource Institute As(TERI), Delhi,
     

How much land does the Indian govt own? About 9 times the size of Delhi

Publication: HINDUSTAN TIMES Date : 30 OCTOBER 2017
The government of India is finally getting some idea of how much land it owns. According to information provided to the Centre by 41 of the 51 Union ministries and 22 of over 300 public sector enterprises,

REALTY NEWS

     

Blackstone Group puts three land assets for sale

Publication: MINT Date : 30 OCTOBER 2017
Bengaluru: Global private equity firm Blackstone Group Lp has put three pieces of land for sale at an expected valuation of Rs1,000-1,100 crore, said three people familiar with the transaction.
     

Andhra Bank drags HDIL before NCLT

Publication: ET REALTY Date : 30 OCTOBER 2017
MUMBAI: State-owned Andhra Bank has dragged Housing Development & Infrastructure (HDIL) to the National Company Law Tribunal (NCLT) in an insolvency petition because the Mumbai-based real estate developer failed to pay back ` .
     

Consolidation is the next thing that will happen in insurance: Deepak Parekh

Publication: MINT Date : 30 OCTOBER 2017
Mumbai: Housing Development Finance Co. Ltd (HDFC), India’s largest mortgage lender, is set to tap the equity market after a gap of 22 years with the initial public offering (IPO) of its insurance business.
     

‘There are far too many life insurance companies’

Publication: BUSINESS LINE Date : 30 OCTOBER 2017
HDFC Standard Life Insurance will shortly become the third life insurer after ICICI Prudential Life Insurance Company and SBI Life Insurance Company to get listed on the bourses.

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