03RD TO 5TH MAY 2018

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03RD MAY 2018 NEWS



New Development Plan will 'enhance' height of Mumbai buildings

Publication: DNA Date : 03 MAY 2018
No sooner the new Development Plan comes into effect, than Mumbai will grow taller. Officials from the Brihanmumbai Municipal Corporation (BMC)'s



Maharashtra first to issue land document online

Publication: ET REALTY Date : 03 MAY 2018
On Tuesday, it went a step ahead and generated eight lakh documents with space for digital signatures. The facility was inaugurated by the chief minister

Here's why Rera implementation remains work in progress across states

Publication: BUSINESS STANDARD Date : 03 MAY 2018
The Uttar Pradesh real estate regulator granted relief to Advocate Vivek Singh’s client after just one hearing. The order directed a developer to refund money paid for a house along with interest within a month.



Housing inflation has risen to 8.3% in 2018, says RBI study

Publication: BUSINESS LINE Date : 03 MAY 2018
MUMBAI, MAY 2 Housing inflation started rising sharply since July 2017 and reached 8.3 per cent in 2018, according to a study by the RBI.

04TH MAY 2018 NEWS



In 1 yr, MahaRERA has sought punitive action against 293 projects

Publication: DNA Date : 04 MAY 2018
In the past one year, that is since May 1, 2017, the Maharashtra Real Estate Authority has sent letters to various planning authorities including municipal corporations, to take action against 293 projects, which are being carried out without any approvals.

A year after deadline, Rera still under construction

Publication: DNA Date : 04 MAY 2018
The Real Estate (Regulation and Development) Act, 2016, or Rera, was to be implemented all over India by May 1, 2017, but a year after that deadline, the new Act remains a work in progress in many states.



Mumbai: Plan for Oshiwara business hub takes-off

Publication: ET REALTY Date : 04 MAY 2018
The planning and development authority for the Mumbai region is looking to develop this special zone on the lines of the swanky business district Bandra-Kurla Complex (BKC)



Hindustan Construction Corp stock slips 25% as auditors red-flag Lavasa

Publication: BUSINESS STANDARD Date : 04 MAY 2018
The stock of Hindustan Construction Corporation (HCC) slipped 25 per cent, its biggest fall in a day, as auditors of its step-down subsidiary Lavasa Corporation raised doubts over the latter’s ability to continue as a going concern.

PNB Housing Finance net profit rises 36% to Rs 2.2 billion

Publication: BUSINESS STANDARD Date : 04 MAY 2018
PNB Housing's net profit increased 58 per cent to Rs 8.3 billion at the end of 2017-18 from Rs 5.23 billion at the end of 2016-17

05TH MAY 2018 NEWS




Publication: MUMBAI MIRROR Date : 05 MAY 2018
Says real estate tribunal as it sets aside MahaRERA order on Indiabulls Greens in Panvel and sends it back for fresh hearing.



Plan to allot only one flat to officials, judges: Maharashtra Govt to HC

Publication: THE INDIAN EXPRESS Date : 05 MAY 2018
On August 31, 2015, Chief Minister Devendra Fadnavis had sanctioned a housing scheme for serving judges on a 32,300-sq ft plot in Oshiwara, following a request made in this regard by the proposed cooperative housing society of judges.

Maharashtra cuts levy on sale of VIP flats on collector's land

Publication: TIMES OF INDIA Date : 05 MAY 2018
MUMBAI: The Maharashtra government has reduced the rates to be charged as transfer fees on sale of flats and apartments on collector's land in the VIP category, comprising bureaucracy, judiciary and scientists.

No metro work in Mumbai till MMRDA shows nods: HC

Publication: ET REALTY Date : 05 MAY 2018
File photo MUMBAI: The Bombay high court on Wednesday said it will not permit the Metro-IIB work to proceed unless MMRDA produces the permissions for digging the road at ESIC Nagar, Andheri (W).



New insurance product to the rescue of real estate developers

Publication: BUSINESS LINE Date : 05 MAY 2018
MUMBAI, MAY 4 With the Real Estate (Regulation and Development) Act, 2016 (RERA) fastening liability for any structural damage to buildings on to real estate developers, reinsurers such as General Insurance Corporation of India

Godrej Properties Q4 net up 126% on-year, to raise Rs 1,000 crore

Publication: ET REALTY Date : 05 MAY 2018
MUMBAI: Godrej Properties, real estate development arm of the Godrej Group, has reported 126% year-on-year rise in consolidated net profit at Rs 142 crore for the quarter ended March


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