30TH MAY 2018 NEWS

MHADA NEWS

Mhada & SRA projects may come under RERA Act

Publication: DNA Date : 30 MAY 2018

The Maharashtra Housing and Area Development Authority (Mhada) and Slum Rehabilitation Authority (SRA) projects are likely to come under the ambit of the Real Estate Regulatory (RERA) Act soon.

Pradhan Mantri Aawas Yojana: MHADA plans to form its own special cells

Publication: FREE PRESS JOURNAL Date : 30 MAY 2018

Mumbai: The Maharashtra Housing and Area Development Authority (MHADA) has planned to form three special cells in order to ease the work process pertaining to permissions related to building constructions and layouts.

URBAN POLICY NEWS

Master Plan should shift with ground reality: Draft

Publication: THE INDIAN EXPRESS Date : 30 MAY 2018

The Ministry of Housing and Urban Affairs is expected to finalise the policy, which will form the blueprint for urban planning, by July-end after MoS Hardeep Singh Puri holds consultations with states.

CITY NEWS

Done our best to ensure city is flood-proof: BMC chief to CM

Publication: TIMES OF INDIA Date : 30 MAY 2018

Mumbai: The BMC has made every effort to ensure there is no repeat of the August 29, 2017, deluge, municipal commissioner Ajoy Mehta assured chief minister Devendra Fadnavis on Tuesday.

Property Tax: No penalty for illegal flats up to 600 square feet

Publication: THE INDIAN EXPRESS Date : 30 MAY 2018

The penalty on property tax on unauthorised residential flats measuring 600 square feet or less across all the municipalities in the state has been waived off.

REALTY NEWS

Kalpataru May Bag Mondelez India’s Thane Land Parcel

Publication: ECONOMIC TIMES Date : 30 MAY 2018

Mumbai: Realty developer Kalpataru, with a price of ₹282 crore, has emerged as the highest bidder for Mondelez India’s (formerly Cadbury India’s) 8 acre land parcel in Thane, three persons familiar with the development said.

‘Age of average homebuyer has come down to 28 from 42,’ says chief of Credai

Publication: HINDUSTAN TIMES Date : 30 MAY 2018

Shrikant Paranjape talks about how the real estate industry in the city has changed post the Real Estate (Regulation and Development) Act, 2016 (Rera), demonetisation and goods and services tax (GST).

24TH MAY 2018 NEWS

DP NEWS

Cluster redevelopment for Mumbai's suburbs too: Development Plan 2034

Publication: DNA Date : 31 MAY 2018

The new Development Plan (DP) 2034 has introduced the cluster redevelopment scheme for the old colonies in the city's western and eastern suburbs, with a permissible floor space index (FSI) of up to 4.

SRA NEWS

Maharashtra government offers relief to 14000 second buyers in slum rehabilitation scheme

Publication: DNA Date : 31 MAY 2018

It is good news for 14000 second buyers in the Slum Rehabilitation Authority (SRA) scheme. The Maharashtra government has decided to give relief to second buyers in the Slum Rehabilitation Authority (SRA) scheme's