3RD & 4TH MARCH 2017

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MCHI-CREDAI

 3RD MARCH 2017 NEWS

 MCHI NEWS

     

Realty relief: Centers 60 day deadline to approve projects

Publication: HINDUSTAN TIMES Date : 03 MARCH 2017 PAGE: 01
The Central government’s proposal to approve construction proposals within 60 days is set to give a huge relief to the real estate sector that has been battling a slowdown.
 

GST NEWS

     

GST and the litmus test of land

Publication: THE INDIAN EXPRESS Date : 03 MARCH 2017 PAGE: 05
After the steps taken to reduce black money and streamline election finance, the natural follow-up is to clean one of the biggest sources of black money — land and real estate.

 CITY NEWS

     

UP HANDLOOM HOUSE CASE - SoBo building owner wins 34-yr battle to evict tenant

Publication: TIMES OF INDIA Date : 03 MARCH 2017 PAGE: 02
Mumbai: A 34-year-old legal battle to evict occupants of a shop in Indian Mercantile Mansion, at Colaba, was won by the owner of the building, Oriental Insurance, in the Bombay high court recently .
     

Housing society body cannot be booked for 'mischief': HC

Publication: TIMES OF INDIA Date : 03 MARCH 2017 PAGE: 01
The management committee of a housing society cannot be booked for 'mischief' if, while carrying out building repairs, plants or other fixed objects kept in a member's balcony are damaged, the Bombay High Court held on Monday

 REALTY NEWS

     

Sovereign, pension funds look to build on Indian realty

Publication: BUSINESS LINE Date : 03 MARCH 2017 PAGE:03
MUMBAI, MARCH 2: Global funds, including sovereign and pension funds, are once again aggressively pursuing investment opportunities in Indian real estate.
     

Peak GST Rate to be Pegged at 40%

Publication: ECONOMIC TIMES Date : 03 MARCH 2017 PAGE: 01
India has decided to peg the peak goods and services tax (GST) rate at 40% in the legislation instead of 28%, giving it the flexibility to raise rates without having to reach out to Parliament.
     

Home Buyers Seek Panel Help to Stop `Dilution' of Realty Act

Publication: ECONOMIC TIMES Date : 03 MARCH 2017 PAGE: 01
Mumbai: REAL TROUBLES Even though the government has readied reforms to boost the real estate sector and bring in transparency... all is still not well for buyers
     

Blackstone, GIC top global real estate investors in India

Publication: MINT Date : 03 MARCH 2017 PAGE: 05
Mumbai: Bengaluru: Singapore’s sovereign wealth fund GIC Pte. Ltd and private equity firm Blackstone Group Lp have emerged as the two top global investors in India’s real estate sector after almost a decade of investing in the country. 

4TH FEBRUARY 2017 NEWS

 INFRA NEWS

     

HC rap for debt-ridden builder who `gifted' SoBo home to kids

Publication: MUMBAI MIRROR Date : 04 MARCH 2017 PAGE: 01
Sunil Mantri's firms are under liquidation after he failed to pay Rs 300 crore to creditors; HC doubts his intention to pay up
 

OTHER CITY NEWS

     

Developer told to pay Rs 40L to restore hill

Publication: TIMES OF INDIA Date : 04 MARCH 2017 PAGE: 04
Stressing that “unauthorized tree cutting as well as hill cutting is an offence to environment“, the National Green Tribunal's Pune bench has directed Mumbai-based Vikas Developers not to illegally cut trees on a hilly plot in Khandala and to deposit Rs 40 lakh with the Lonavla Municipal Council for restoring the hill.
     

How the mortgage guarantee for homebuyers under Pradhan Mantri Awas Yojana works

Publication: HINDUSTAN TIMES Date : 04 MARCH 2017 PAGE: 11
NEW DELHI, March 4 -- India Mortgage Guarantee Corp (IMGC) plans to launch a new scheme targeted at borrowers looking to buy a house under the Pradhan Mantri Awas Yojana. 
 

CITY NEWS

     

`List steps taken to tackle Kanjur dump pollution'

Publication: TIMES OF INDIA Date : 04 MARCH 2017 PAGE: 04
Mumbai: The Bombay high court on Friday directed the civic body and the Maharashtra Pollution Control Board (MPCB) to spell out the steps they have taken to comply with pollution norms at the dumping ground in Kanjurmarg .
     

11-storey illegal building near tracks finally razed

Publication: TIMES OF INDIA Date : 04 MARCH 2017 PAGE: 13
After nine months, the BMC finally managed to raze to ground an 11-storey unauthorized building on Keshavji Naik Road between Sandhurst Road and Masjid railway stations. 
     
 

PROPERTY SUPPLEMENT NEWS

     

PICK PROJECTS WITH COMFORT ZONE

Publication: DNA Date : 04 MARCH 2017 PAGE: PROPERTY
Layouts and facilities are increasingly being conceptualised to facilitate the female head of the house
     
 

REALTY NEWS

     

Mumbai developers Peninsula, Lodha see good sales in February

Publication: BUSINESS LINE Date : 04 MARCH 2017 PAGE: 05
MUMBAI, MARCH 3: Two Mumbai-based developers Lodha Group and Peninsula Land Ltd said they are seeing good sales in the residential real estate segment indicating green shoots in the Mumbai Metropolitan Region (MMR) market.
     

Housing slump to continue, realty sector gets negative rating

Publication: HINDUSTAN TIMES Date : 04 MARCH 2017 PAGE: 05
India Ratings and Research, a leading credit rating agency, has maintained a negative outlook on the real estate sector for the financial year 2018 and expects a continued slump
     

Ageing structures: Old buildings need new solutions

Publication: THE INDIAN EXPRESS Date : 04 MARCH 2017 PAGE: 05
As Indian cities grow older, the passage of time takes its toll on the infrastructure including its buildings. Over time, buildings start showing signs of deterioration and need constant repair.
     

Real Estate: From regulatory changes to REITs, trends to watch out for in 2017

Publication: THE INDIAN EXPRESS Date : 04 MARCH 2017 PAGE: 05
With the country’s real estate sector becoming attractive to investors — both global and Indian — due to changes in regulatory framework, increased consolidation and transparency and the launch of Real Estate Investment Trusts (REITs),.
 

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