31ST JANUARY 2018

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MCHI-CREDAI

MCHI NEWS

     

MahaRERA launches new forum

Publication: DNA Date : 31 JANUARY 2018
The Maharashtra Real Estate Regulatory Authority has launched the MahaRERA conciliator forum. The panel, which earlier had 33 members, now has 38 members, and all the five new members are from the builders’ body. The conciliation forum shall come into force from February 1.
     

MahaRERA launches new forum

Publication: NYOOOZ Date : 31 JANUARY 2018
Mumbai, Jan 30 (PTI) With a view to redress the grievances between builders and consumers, developers associations and Mumbai Grahak Panchayat (MGP) have joined hands to set up a conciliation forum under the MahaRERA that will come into effect from February 1.
     

Buyers & builders get a forum to iron out disputes

Publication: TIMES OF INDIA Date : 31 JANUARY 2018
Mumbai: The state on Tuesday became the first in the country to launch a conciliation forum that will try and resolve disputes between flat buyers and builders before approaching the state real estate authority,
     

‘RERA Act not applicable to lease transactions’

Publication: MUMBAI MIRROR Date : 31 JANUARY 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that the provisions of the Real Estate (Regulation and Development) Act (RERA) are not applicable to lease transactions,
     

ReRa launches complaints forum

Publication: THE ASIAN AGE Date : 31 JANUARY 2018
Mumbai: MahaReRA has launched a new reconciliation forum to address complaints of both consumers and developers
     

Maha homebuyers get another option to resolve disputes with builders before approaching RERA’

Publication: HINDUSTAN TIMES Date : 31 JANUARY 2018
The MahaRERA set up the forum, which will have a representative each of the builders’ a
     

RERA: All you need to know about the new Conciliation Forum

Publication: FREE PRESS JOURNAL Date : 31 JANUARY 2018
After rise in complaints from homebuyers, the MahaRERA has come up with a Conciliation Forum, where the aggrieved homebuyers can approach to get their grievances solved,
     

MahaRERA's 15 conciliation benches to be operational from Feb 1

Publication: ET REALTY Date : 31 JANUARY 2018
MUMBAI: The Maharashtra Real Estate Regulatory Authority or MahaRERA’s much-awaited 15 conciliation benches will start functioning from February 1.
     

Developers' bodies, MGP, MahaRERA set up conciliation forum

Publication: OUTLOOK Date : 31 JANUARY 2018
The forum will come into effect from February 1 and the hearings before the conciliation benches are expected to begin from the first week of March.
     

Developers' bodies, MGP, MahaRERA set up conciliation forum

Publication: BUSINESS STANDARD Date : 31 JANUARY 2018
With a view to redress the grievances between builders and consumers, developers' associations and Mumbai Grahak Panchayat (MGP) have joined hands to set up a conciliation forum under the MahaRERA
     

Developers bodies, MGP, MahaRERA set up conciliation forum

Publication: INDIA TODAY Date : 31 JANUARY 2018
Mumbai, Jan 30 (PTI) With a view to redress the grievances between builders and consumers, developers associations and Mumbai Grahak Panchayat (MGP) have joined hands to set up a conciliation forum under the MahaRERA that will come into effect from February 1.

CIDCO NEWS

     

CIDCO raises Rs323 crore in its auction of 13 plots in Navi Mumbai

Publication: HINDUSTAN TIMES Date : 31 JANUARY 2018
In an indication that the real estate market is slowly gaining strength, the City and Industrial Development Corporation (CIDCO) was able to garner Rs323 crore from 13 plots it put up for auction in Navi Mumbai.
     

Cidco plots in Navi Mumbai sold at triple their reserve price

Publication: DNA Date : 31 JANUARY 2018
Landing housing experts and developers in confusion, plots in Navi Mumbai auctioned by CIDCO have gone at three to four times the reserve price. A plot in Ghansoli, the reserve price of which was Rs 47, 932 per sq m,
     

Maharashtra offers policy relief to stalled Navi Mumbai SEZ

Publication: MINT Date : 31 JANUARY 2018
Mumbai: In a major policy bailout to long-stuck Navi Mumbai Special Economic Zone Pvt. Ltd (NMSEZ), the Maharashtra government on Tuesday

GST NEWS

     

GST on affordable and low-cost housing units lowered

Publication: MINT Date : 31 JANUARY 2018
Now GST would be charged at 8% on the total value of under-construction properties, which would be 4 percentage points less than the earlier effective rate of 12%

 CITY NEWS

     

Shah Rukh Khan’s Alibaug bungalow attached, labelled ‘benami’

Publication: TIMES OF INDIA Date : 31 JANUARY 2018
MUMBAI: The I-T department has provisionally attached actor Shah Rukh Khan's bungalow in Alibaug by terming it benami property and filed a report before an adjudication authority to confirm the attachment.
     

Senior babu summoned in slum rehab scheme row

Publication: TIMES OF INDIA Date : 31 JANUARY 2018
MUMBAI: Maharashtra Lokayukta M L Tahaliyani has summoned additional chief secretary (housing) Sanjay Kumar to record evidence in connection with the inquiry into charges that housing minister Prakash Mehta
     

Redevelopment premium cut: 3,000 housing societies stand to benefit

Publication: TIMES OF INDIA Date : 31 JANUARY 2018
MUMBAI: The redevelopment premium of housing societies which are on collector's land in the city and the suburbs has been slashed from 25% to 10%. About 3,000 housing societies on leasehold plots will benefit
     

Hsg projects near SGNP on wildlife board agenda

Publication: TIMES OF INDIA Date : 31 JANUARY 2018
Nagpur: The State Board for Wildlife (SBWL) meeting on Wednesday, which is to be held after a gap of 16 months, seems to have been called to mostly clear housing and road widening projects

REALTY NEWS

     

Banks turn wary of lending to real estate, PE firms step in, shows Economic Survey

Publication: DNA Date : 31 JANUARY 2018
Banks' share in real estate funding has dropped significantly from 68% in 2013 to 17% in 2016 and private equity (PE) funds and financial institutions have stepped up their investments in this pace to fill the gap.

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