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Signs of revival in real estate market: Report

Publication: MUMBAI MIRROR Date : 03 MARCH 2018
Absorption of homes across top seven Indian cities doubled in Jan compared to Dec: Anarock



Redevelopment to soon be possible with 51 per cent consent

Publication: THE ASIAN AGE Date : 03 FEBRUARY 2018
The current 70 per cent consent will be reduced to 51 per cent, paving the way for the redevelopment.



DDA Proposes New Building Byelaws

Publication: ECONOMIC TIMES Date : 03 FEBRUARY 2018
New Delhi: Architects, structural engineers, construction companies, contractors and site engineers building three-storey flats or bigger shopping complexes may be responsible for any structural flaws or defects that occur within 10 years of the building being constructed.

You’ll have to shell out more for home loans

Publication: TIMES OF INDIA Date : 03 FEBRUARY 2018
New Delhi: The country’s top lenders State Bank of India (SBI), ICICI Bank and Punjab National Bank (PNB) announced on Thursday an increase in lending rates, a move that will make your home loans a little more expensive.

EMIs on home, car loans to get costlier

Publication: FREE PRESS JOURNAL Date : 03 FEBRUARY 2018
Mumbai : Banks led by State Bank of India (SBI) have raised their Marginal Cost of Funds-based Lending Rate (MCLR), signalling a rise in equated monthly installments (EMI) on home and car loans.




Illegal floors to be regularized if new DP allows for extra FSI

Publication: TIMES OF INDIA Date : 04 FEBRUARY 2018
Mumbai: The BMC has decided to offer benefits of its soonto-be-released Development Plan-2034 for the city to builders who, in the past few years or during the one year that the draft DP has been under discussion,



50 hsg societies given 1 month to comply with garbage rules

Publication: TIMES OF INDIA Date : 04 FEBRUARY 2018
Mumbai: Besides filing 13 police cases against establishments for violating waste segregation and composting rules, the BMC has initiated legal process against 50 housing societies,

Delayed sewage disposal project in Mumbai sees cost escalate to ₹14,368cr

Publication: HINDUSTAN TIMES Date : 04 FEBRUARY 2018
More than 10 years after the project was planned, the Mumbai Sewage Disposal Project (MSDP), in which waste water treatment plants were supposed to be upgraded to provide secondary and tertiary treatments, is yet to successfully start.

BMC property tax revenue rises, but may miss target

Publication: TIMES OF INDIA Date : 04 FEBRUARY 2018
Mumbai: The BMC has so far collected nearly Rs 100 crore more property tax compared to last year, but may not be able to meet the Rs 5,200 crore target that the civic body has set for the financial year 2017-18, officials say.




Over 1,500 MahaRERA projects fined

Publication: DNA Date : 05 FEBRUARY 2018
A list recently released by Maharashtra Real Estate Regulatory Authority (MahaRERA) has revealed that a total of 1,716 real estate projects have been penalised from 1 August, 2017 to February, 2018,



Mumbai civic body to open 24 new centres to ease waste management in city

Publication: HINDUSTAN TIMES Date : 05 FEBRUARY 2018
Mumbai: In the next six months, the Brihanmumbai Municipal Corporation (BMC) will be opening 21 more dry waste segregation centres and three waste management centres

TDS scam: Leading developer diverts ₹100cr, infra firm ₹14cr

Publication: TIMES OF INDIA Date : 05 FEBRUARY 2018
Mumbai: A leading and politically connected builder diverted Rs 100 crore tax deducted from employees for business purposes, while an infrastructure company, part of a port development,

Now, MMRC wants another chunk of Aarey Colony land

Publication: MUMBAI MIRROR Date : 05 FEBRUARY 2018
The Mumbai Metro Rail Corporation (MMRC), which is being blamed for taking over 30 hectares of Aarey Colony land for its car depot, now wants another chunk of land on Marol side.



Air India looks to raise Rs500 crore through sale of land assets in FY19

Publication: MINT Date : 05 FEBRUARY 2018
Air India is looking to sell several of its land blocks and real estate including a 4-acre piece of land at Delhi’s Baba Kharak Singh Marg and residential colony at Vasant Vihar among others

SBI tightens infra project finance, not to fund interest payments

Publication: ET REALTY Date : 05 FEBRUARY 2018
In infrastructure loans, the repayment period is usually long and the chances of the work getting stuck is high. Much of the Rs 8-lakh-crore nonperforming assets that the country’s lenders are sitting on


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