MCHI NEWS

A consistent fire safety gradation can raise bar

Publication: TIMES OF INDIA Date : 30 NOVEMBER 2018

“A gradation system based on the lines of product-rating and LEED ratings from the Chief Fire Officer, Mumbai can help immensely in elevating fire safety norms by several notches,” said Dominic Romell, Vice President Maharashtra Chamber of Housing Industry (MCHI).

RERA NEWS

MahaRERA mandates developers to issue quality assurance certificate

Publication: DNA Date : 30 NOVEMBER 2018

To clear the doubt regarding the quality of construction that a home buyer mostly has, Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it mandatory for developers to submit a quality assurance certificate from December 1.

MARKET STUDY NEWS

Top cities to see 8-year high in office absorption in 2019, says JLL

Publication: DNA Date : 29 NOVEMBER 2018

The country’s top seven cities are, says a study, expected to see an eight-year high in the coming year in absorption of office space.

CITY NEWS

Mumbai: MHADA affordable housing lottery applicants seek lower EMD

Publication: THE INDIAN EXPRESS Date : 30 NOVEMBER 2018

In its upcoming housing lottery, the applications for which will close on December 10, applicants will have to pay the MHADA an EMD between Rs 25,000 and Rs 75,000, depending on the group’s financial status.

Now pay slightly more for Mhada affordable homes

Publication: THE ASIAN AGE Date : 29 NOVEMBER 2018

The real estate market has faced a slump after the introduction of the Real Estate Regulatory Policy (RERA) and demonetisation.

REALTY NEWS

NCLAT asks Jyoti Structures’ resolution applicant to revise its plan

Publication: DNA Date : 30 NOVEMBER 2018

NCLAT says the revised plan should have a reduced repayment period of 5 years as opposed to the 15 years and a higher upfront payment amount should be introduced to prove the intent of taking over Jyoti Structures