28TH SEPTEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

DNA Money Investigation: Five months of Rera, realtors continue to fleece home buyers

Publication: DNA Date : 28 SEPTEMBER 2017
Real Estate (Regulation and Development) Act has been touted as a panacea for all realty sector ills. It is meant to protect home buyers against irregularities, bring transparency,
     

Deposit Rs 1 crore for conveyance: RERA

Publication: DNA Date : 28 SEPTEMBER 2017
In a first, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered a developer to deposit Rs 1 crore with a housing society when it gets conveyance.
     

Pay Rs 15,000 rent if project delayed: MahaRERA to bldr

Publication: TIMES OF INDIA Date : 28 SEPTEMBER 2017
Pune   The Maharashtra Real Estate Regulatory Authority has asked Pune's Marvel Realtors to pay a monthly rent of Rs 15,000 each to two 3 BHK owners at its Balewadi project if it fails to meet the March 31, 2018,

INFRA NEWS

     

Work on Metro III depot in Aarey Colony begins

Publication: TIMES OF INDIA Date : 28 SEPTEMBER 2017
Mumbai   The Mumbai Metro Rail Corporation Ltd (MMRCL) has begun work on construction of the depot in Aarey Colony for the Metro III (Colaba-Bandra-Seepz) corridor.

CITY NEWS

     

Underground parking project in Mumbai picks up pace

Publication: HINDUSTAN TIMES Date : 28 SEPTEMBER 2017
The Brihanmumbai Municipal Corporation’s (BMC) plan to construct underground parking lots in Mumbai may turn into a reality as it has appointed architect Hafeez Contractor as a consultant to study feasibility
     

Buildings can now rise around Nehru Centre

Publication: THE ASIAN AGE Date : 28 SEPTEMBER 2017
Opposition leaders have questioned this sudden change in rules, as they believe that there is some hidden benefit in the deal.
     

Interest on refunds from errant builders results in tax burden

Publication: TIMES OF INDIA Date : 28 SEPTEMBER 2017
Buyers of residential properties who have been refunded their booking amount plus interest by errant builders, on shelving of the project, find themselves grappling with income-tax nuances.

RELATY NEWS

     

ET Q&A - Housing Finance Doesn't Have Many Real Players

Publication: ECONOMIC TIMES Date : 28 SEPTEMBER 2017
Piramal Enterprises has closed the gap in its real estate lending business by launching a new housing finance compa ny on Wednesday. In an interview with Megha Mandavia and Saloni Shukla, chairman of the Piramal Group Ajay Piramal
     

FESTIVAL BONANZA - Realty Firms may Offer Freebies to Push Home Sales

Publication: ECONOMIC TIMES Date : 28 SEPTEMBER 2017
Cos betting on improving sentiment with DeMo woes fading and interest rates falling to 6-year low

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