2ND JUNE 2017

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Subverting RERA: States are not raring to go, but real estate development depends on this

Publication: TIMES OF INDIA Date : 02 JUNE 2017
Purchase of a house is the single largest investment an Indian often makes in a lifetime.

Mumbai: OC issue? Don't bother approaching the RERA

Publication: MID-DAY Date : 02 JUNE 2017
Were you planning to approach the Real Estate Regulatory Authority (RERA) with the issue that your building doesn't have an Occupancy Certificate (OC)? If yes, you're wasting your time.

Raj govt orders compulsory registration of real estate

Publication: ET REALTY Date : 02 JUNE 2017
The Rajasthan government today made it compulsory for all real estate projects and agents in the state to register on the official website of the Real Estate Regulations and Development Act (RERA).

Exiting a project under RERA may cost you dearly

Publication: ET REALTY Date : 02 JUNE 2017
Under the Act, a developer is required to refund or pay compensation to allottees with an interest rate of State Bank of India’s highest marginal cost of lending rate plus 2%,



Metro III project on track - Truce between MMRC and Girgaum, Kalbadevi residents

Publication: MUMBAI MIRROR Date : 02 JUNE 2017
89 residents will be rehabilitated, and the rest will be compensated; residents happy, shop owners not.

1st underground Metro: MMRC proposes new FSI plan

Publication: THE INDIAN EXPRESS Date : 02 JUNE 2017
The agency is learnt to have written to the urban development department led by Chief Minister Devendra Fadnavis seeking grant of transferable development rights (TDR).



Govt Aims to Build 51-L Houses in FY18

Publication: ECONOMIC TIMES Date : 02 JUNE 2017
New Delhi:   Under PMAY-G, Centre hopes to meet target of 1 cr houses by 2019 and bring down building time to 1 yr

Realty sector poised for better growth, say experts

Publication: BUSINESS STANDARD Date : 02 JUNE 2017
The real estate sector is expected to grow better in the coming quarters of the current financial year, due to new supply of mid-segment and low-cost housing projects, according to top property developers and consultants.

Air India to sell prime real estate

Publication: BUSINESS STANDARD Date : 02 JUNE 2017
Air India is planning to sell its properties and land parcels across the country. Civil aviation minister Ashok Gajapathi Raju met finance minister Arun Jaitley on Thursday to decide the process.

Construction sector may benefit due to input tax credit under GST: Report

Publication: ET REALTY Date : 02 JUNE 2017
For infrastructure projects under implementation also, the GST rates could result in an increase in cost, if there is insufficient built in contingency factor and limited scope for contract renegotiation

Kolte-Patil Developers plans to enter into affordable housing segment

Publication: ET REALTY Date : 02 JUNE 2017
MUMBAI: Kolte-Patil Developers Ltd on Thursday said it is planning to enter into affordable housing project and increase its presence in real estate market of Mumbai and Bengaluru.


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