02ND&3RD NOVEMBER 2017

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MCHI-CREDAI

2ND NOVEMBER 2017 NEWS

RERA NEWS

     

Realty projects to get only 1-year deadline extension

Publication: TIMES OF INDIA Date : 02 NOVEMBER 2017
The central government, which had jolted builders when it introduced a real estate regulatory law last year, maintained that a limited permissible one-year extension on completion deadline under the Act was mandatory , not discretionary .
     

Union govt backs RERA act in Bombay HC

Publication: ASIAN AGE Date : 02 NOVEMBER 2017
Before passing the act in Parliament, all the suggestions and objections were invited.
     

Property market in India: Homebuyers stay away; builders stall launches over RERA, GST setbacks

Publication: THE FINANCIAL EXPRESS Date : 02 NOVEMBER 2017
Sales of new homes in the country’s key cities plunged 32% year-on-year in the three months to September with transactions down to a trickle

EASE OF DOING BUSINESS NEWS

     

City gives ease of business ranking shot in the arm

Publication: TIMES OF INDIA Date : 02 NOVEMBER 2017
The city has played a key role in setting new benchmarks in investor-friendly initiatives even as the nation jumped 30 ranks in a year on the `ease of doing business' index, the state government revealed.
     

India's `Ease of Doing Business' Feat Could Make Rupee an Asian Topper

Publication: ECONOMIC TIMES Date : 02 NOVEMBER 2017
Mumbai   India's meteoric rise up the World Bank leader-board for ease of doing business points to further appreciation of the rupee against the dollar, with brightening prospects for New Delhi's sovereign rating
     

The reality of doing business in India

Publication: MINT OF INDIA Date : 02 NOVEMBER 2017
The World Bank’s Doing Business (DB) rankings for 2018 have just come out and India has made a very significant jump, improving its rank from 130th in 2017 to 100th. These rankings are based on the country’s performance in several areas,

REALTY NEWS

     

Home buyers to get status of primary secured creditors

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2017
Centre's move to amend Insolvency and Bankruptcy Code gives them first right on insolvent builder's assets
     

Maharashtra's Reforms Pushed India Ranking

Publication: ECONOMIC TIMES Date : 02 NOVEMBER 2017
Mumbai:   PERSISTENT MODE State engaged with World Bank to understand the measures that it has to take & inform about reforms undertaken

3RD NOVEMBER 2017 NEWS

RERA NEWS

     

Buyers can seek payout in pre-RERA cases: Centre

Publication: TIMES OF INDIA Date : 03 NOVEMBER 2017
Buyers in ongoing projects can seek compensation from a builder under the new real estate regulatory law even if the developer had committed a breach and failed to give possession before the Act came into force,
     

Narendra Modi government brings big relief for homebuyers in trouble; here is what it said

Publication: FINANCIAL EXPRESS Date : 03 NOVEMBER 2017
If the homebuyer defaults in making payments on time to the builder or if the builder defaults in giving possession within the agreed period, the rate of interest payable for both will be the same, .

CITY NEWS

     

MMRCL wants to make a documentary on controversy-hit Mumbai Metro-3 line

Publication: HINDUSTAN TIMES Date : 03 NOVEMBER 2017
Knee-deep in controversy, the Mumbai Metro Rail Corporation Limited (MMRCL) now wants to make a documentary film on the construction of the Metro-3 line (Colaba-Bandra-Seepz).
     

Prepare draft maps before giving construction nod in coastal zones, tribunal tells Maharashtra

Publication: HINDUSTAN TIMES Date : 03 NOVEMBER 2017
The National Green Tribunal (NGT) pulled up the Maharashtra Coastal Zone Management Authority (MCZMA) on Thursday
     

State to follow Vasai model to save wetlands, put onus on plot owners

Publication: TIMES OF INDIA Date : 03 NOVEMBER 2017
Vasai taluka in Thane district has emerged as the leader in fighting against wetland destruction and its method will now be followed across the state.

REALTY NEWS

     

SBI cuts interest rates for home, auto loans by 5 basis points

Publication: MINT Date : 03 NOVEMBER 2017
India’s largest state-owned lender State Bank of India (SBI) said it has reduced interest rates for retail loans in order to boost lending.‍​ The bank has cut the interest rate on home loans by 5 basis points
     

Mahindra sets up Manhattan realty co

Publication: TIMES OF INDIA Date : 03 NOVEMBER 2017
Chennai:   Anand Mahindra, chairman of the $19-billion Mahindra Group, is investing in US real estate in his personal capacity .
     

Brigade Plans to Invest Rs 3k cr in Office Realty Over Three Years

Publication: ECONOMIC TIMES Date : 03 NOVEMBER 2017
Bengaluru:   Brigade Group is planning to invest `3,000 crore over the next three years to expand its commercial property portfolio by 8 million sq ft. The Bengaluru-based property developer has office projects spread over 12 million sq ft at present.
     

Realty Queries - New Projects Need to Show RERA Registration Number

Publication: ECONOMIC TIMES Date : 03 NOVEMBER 2017
Since now RERA is implemented and regulators are already in place, am I assured of timely delivery and covered against misrepresentation? Can I ask a developer to share its RERA registration number?

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