02 SEPTEMBER 2018 NEWS

MCHI NEWS

Mumbai realty check: SC construction ban to hit developers, buyers

Publication: HINDUSTAN TIMES Date : 02 SEPTEMBER 2018

Experts said it would be difficult to quantify the number of projects that would be impacted,

CONTI...

Stay on constructions: State to seek SC hearing tomorrow

Publication: TIMES OF INDIA Date : 02 SEPTEMBER 2018

Mumbai: The state government plans to move the Supreme Court seeking a hearing on Monday after it imposed a stay on all constructions across Maharashtra over lack of a solid waste management policy.

SC ban on construction will impact labourers, housing sector: Realtors

Publication: FREE PRESS JOURNAL Date : 02 SEPTEMBER 2018

“We need to look at the fine print in the recent Supreme Court order banning new construction in three states, including Maharashtra since the realty industry body was not party to this case.

Ban on Construction in Maharashtra is not Applicable : Nayan A Shah,President CREDAI MCHI

Publication: HELLO MUMBAI NEWS Date : 02 SEPTEMBER 2018

Quote from Mr Nayan A Shah, President, CREDAI MCHI on Construction Ban .

MAHARERA NEWS

MahaRERA model sets an example

Publication: DNA Date : 02 SEPTEMBER 2018

Maharashtra Real Estate Regulatory Authority (RERA) has turned the ideal and effective model to resolve disputes between the buyers and sellers, so much so that other states have also decided to implement the MahaRERA blueprint in their respective states as well.

CONSTRUCTION BAN NEWS

‘Construction ban will affect real estate market’

Publication: HINDUSTAN TIMES Date : 02 SEPTEMBER 2018

Mumbai: The Supreme Court ban on construction activities in Maharashtra will be a major setback for the real estate sector, according to property experts.

After SC order, CM defends state’s waste management

Publication: MUMBAI MIRROR Date : 02 SEPTEMBER 2018

After the Supreme Court reprimanded some states and union territories for “pathetic” attitude in not framing proper policy on solid waste management and stayed further constructions until such a policy was instituted,

INFRA NEWS

‘Time-saver’: Mumbai’s Monorail back on tracks after 10 months

Publication: HINDUSTAN TIMES Date : 02 SEPTEMBER 2018

The 8.9-km Chembur-Wadala Monorail corridor, which was restarted on Saturday, saw a steady stream of commuters in the first few hours.

CITY NEWS

Mumbai: BMC pushes for mandatory waste management at source

Publication: DNA Date : 02 SEPTEMBER 2018

The municipal commissioner of Brihanmumbai Municipal Corporation (BMC) directed its official to reach out to maximum housing societies and bulk waste generators to further bring down total waste generation in the city. During his monthly meeting,

03 SEPTEMBER 2018 NEWS

CITY NEWS

Forced donations sought by housing societies illegal: HC

Publication: TIMES OF INDIA Date : 03 SEPTEMBER 2018

Mumbai: In a setback to housing societies who get members to make a ‘voluntary donation’ at the time of sale of flat, the Bombay high court has ruled such payments are illegal.

Societies should not indulge in profiteering business from members: Bombay High Court

Publication: DNA Date : 03 SEPTEMBER 2018

Observing that "there is no bar for any member to pay donation to the society, however, it should be voluntary without any compulsion and coercion", the Bombay High Court has directed a Pune-based housing society to return the extra amount .

Union Ministry's drone nod gets real estate industry excited

Publication: DNA Date : 03 SEPTEMBER 2018

The Union Minister for Civil Aviation's clearance for flying drones has got the real estate industry excited. Using drone will help increase efficiency and produce quality results in real estate marketing, say experts.

INFRA NEWS

343 Infra Projects show cost overrun of Rs 2.23 Lakh Cr

Publication: ECONOMIC TIMES Date : 03 SEPTEMBER 2018

As many as 343 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.23 lakh crore owing to delays and other reasons, a report said.

REALTY NEWS

Wary of real estate boom, a Goa village pools land to revive farming after 30 years

Publication: THE INDIAN EXPRESS Date : 03 SEPTEMBER 2018

The residents say they took to cultivation more due to fear of “gated migrant communities encroaching upon agriculture land” — and a cargo jetty, which they claim they foresee alongside the opposite banks.