28TH JUNE 2017

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MCHI-CREDAI

 RERA NEWS

     

OC but no CC: Is RERA registration required?

Publication: ET REALTY Date : 27 JUNE 2017
The Act states that all ongoing as well as under-construction projects that have not received completion certificate have to get registered with the regulatory authorities within three months, i.e, July 31, 2017

 AFFORDABLE HOUSING NEWS

     

Valuation of affordable housing finance firms looks stretched

Publication: BUSINESS LINE Date : 28 JUNE 2017
MUMBAI, JUNE 27: Valuation of up to six times FY18 estimated book value for housing finance companies, which are focused on affordable housing,
     

Affordable housing loans below Rs 10 lakh rises 43% in FY17

Publication: ET REALTY Date : 27 JUNE 2017
MUMBAI: The market for large home loans may be limping, but the affordable housing segment is booming and loans below Rs 10 lakh have surged 43% in the last fiscal.
     

Government may allow extra floor area for builders to push housing for poor

Publication: ET REALTY Date : 27 JUNE 2017
In its bid to push construction of affordable houses under the Pradhan Mantri Awas Yojna (PMAY), the government is likely to sanction more floor area ratio (FAR)

 INFRA NEWS

     

Stop digging trenches for Metro 3 during monsoon, Shiv Sena tells Maharashtra government

Publication: HINDUSTAN TIMES Date : 28 JUNE 2017
Mumbai city news: While rules restrict BMC from digging trenches before the monsoon, Sena said that the rules should be applicable to all agencies.
     

Shiv Sena takes Metro-III route to take a dig at BJP

Publication: THE ASIAN AGE Date : 28 JUNE 2017
Mayor Vishwanath Mahadeshwar said that the same rules should be applicable to Metro works and digging activity should not be allowed.

 

 CITY NEWS

     

Will hike govt rents to fund waiver: CM

Publication: TIMES OF INDIA Date : 28 JUNE 2017
CM Devendra Fadnavis told TOI on Tuesday that the state was planning to hike rent and lease rates on government land as well as “monetize“ or “securitise“

CONTI...

REALTY NEWS

     

Home loans: Housing loan growth slows in March; here is why

Publication: FINANCIAL EXPRESS Date : 28 JUNE 2017
Home loans disbursed by banks, housing finance companies (HFCs) and other non-banking financial companies (NBFCs) stood at Rs 14.4 lakh crore at the end of March,
     

This Realty Stock Shines with 1670% Returns in 5 Years

Publication: ECONOMIC TIMES Date : 28 JUNE 2017
Amid demand slowdown and liquidity crunch in the real estate sector in last five years, government-owned navratna company NBCC has delivered 1,670% return between June 2012 and June 2017.
     

Home Loan Transfers: Agents Under Watch

Publication: ECONOMIC TIMES Date : 28 JUNE 2017
Mumbai:   ON A TIGHT LEASH Housing fin regulator considering move to bring direct selling agents under regulatory ambit
     

NSDC Takes 60k sq ft of Prime Office Space on Lease in New Delhi

Publication: ECONOMIC TIMES Date : 28 JUNE 2017
Mumbai:   Plans to shift to Aerocity office, which will house its HQ, in July The National Skill Development Corporation (NSDC), a central government body , has picked up nearly 60,000 sq ft of office space
     

ILFS Fund Exits Indiabulls' Worli Project for Rs 358 crore

Publication: ECONOMIC TIMES Date : 28 JUNE 2017
Indiabulls Real Estate has given exit to ILFS Fund from its housing project in Mumbai by acquiring 10% stake for `358 crore.
 

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