29TH SEPTEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

RERA implementation moving at a snail’s pace

Publication: THE HINDU Date : 29 SEPTEMBER 2017
Nearly a month has passed since the August 31 deadline for builders to register their projects with the Real Estate Regulatory Authority (RERA), but less than half have complied.
     

Mumbai: RERA slammed for favouring developers

Publication: FREE PRESS JOURNAL Date : 29 SEPTEMBER 2017
Mumbai: After revoking and objecting to several provisions in the Real Estate Regulation Authority Act, members of the consumer body, Mumbai Grahak Panchayat have accused the MahaRERA of favouring the developers and has pointed out loopholes in the act.
     

Citizens’ forum seeks amendments to Rera

Publication: TIMES OF INDIA Date : 28 SEPTEMBER 2017
Pune: The Mumbai Grahak Panchayat (MGP) has written to the housing and poverty alleviation ministry, seeking immediate amendment to the Real Estate (Regulation and Development) Act to enable registration of ongoing projects without sanctioned plans and commencement certificates.

CITY NEWS

     

Height limit relaxed for bldgs near Nehru Centre

Publication: MUMBAI MIRROR Date : 29 SEPTEMBER 2017
The urban development department (UDD) of Maharashtra government has removed the height restriction for redevelopment, cluster development and government building projects near Nehru Centre at Worli
     

HC faults BMC for razing portion of tilted building

Publication: TIMES OF INDIA Date : 29 SEPTEMBER 2017
The Bombay high court has termed the BMC's demolition of parts of a “dilapidated“ building illegal for not following proper procedure and depending on a questionable structural condition report,
     

BMC fails to act as builder sits on Rs 5,000cr redevpt of 9 prime mkts

Publication: TIMES OF INDIA Date : 29 SEPTEMBER 2017
Mumbai: A little-known builder has cornered the redevelopment rights of nine prime municipal markets worth a conservative Rs 5,000 crore, but has failed to revamp them for more than a decade.

RELATY NEWS

     

Real estate sector jobs to increase by more than 80% by 2025: Report

Publication: ET REALTY Date : 29 SEPTEMBER 2017
Increasing urbanization demand for new housing and the expanding urbanization of tier II and tier III cities in the country are cited as prime drivers for real estate growth

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