PMAY NEWS

2 lakh more units to be built under PM’s housing scheme

Publication: HINDUSTAN TIMES Date : 29 NOVEMBER 2018

Under the scheme, Maharashtra has been sanctioned 116,042 more houses and Karnataka, 31,657. The incremental number of houses sanctioned for Bihar is 26,880, while Tamil Nadu has been sanctioned 15,529 houses and Jammu & Kashmir, 15,334 houses.

RERA NEWS

Mumbai: RERA to ensure construction quality of projects registered with it

Publication: THE INDIAN EXPRESS Date : 29 NOVEMBER 2018

The RERA has recently issued a circular making it mandatory for the engineers of a project to submit quarterly review of the construction quality

STAMP DUTY NEWS

Mumbai: Sales will go dry, cry builders as duty hike makes home run longer

Publication: DNA Date : 29 NOVEMBER 2018

The state government’s decision to charge homebuyers an additional 1 per cent on the existing 5 per cent stamp duty is set to squeeze the real estate industry.

Developers on a rough patch since Diwali

Publication: DNA Date : 29 NOVEMBER 2018

The festive Diwali period, when homebuyers are known to make purchases, failed to bring in business for developers selling under-construction houses, and their frowns do not look like they will turn into smiles anytime soon.

CITY NEWS

Blunders in new DP: Plots shown at sea, on mangroves

Publication: TIMES OF INDIA Date : 29 NOVEMBER 2018

Mumbai: Glaring errors in the Development Plan (DP) 2034 have come to light with several plots across the city

CONTI...

Top developer awaits Enforcement Directorate's formal closure report on money laundering case

Publication: DNA Date : 29 NOVEMBER 2018

In November, 2016, media was abuzz with the news that the Enforcement Directorate was investigating into allegations of money laundering involving a former Chief Minister of Maharashtra and the involvement of a leading city developer.

REALTY NEWS

Flat buyers, builder to jointly complete stuck Noida project

Publication: DNA Date : 29 NOVEMBER 2018

In a speedy redressal, Uttar Pradesh Real Estate Regulatory Authority (Rera) on Wednesday delivered a unique judgment that the flat buyers and the builder will jointly control and complete an unfinished housing project in Greater Noida.