3RD&4TH MAY 2017

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MCHI-CREDAI

 RERA NEWS

     

2 city builders first to register under RERA

Publication: TIMES OF INDIA Date : 03 MAY 2017 
Mumbai:   AMumbai-based developer and a Thane builder are probably among the first in the country to register their project under the Real Estate Regulatory Authority (RERA), which came into effect on May 1.
     

Buildings without OC must register with RERA in 3 months

Publication: THE ASIAN AGE Date : 03 MAY 2017
In the event the regulator receives a complaint against any housing society, it will be forced to act against the respective builder.
     

RERA effect: Maharashtra govt to ‘name and shame’ officials who don’t clear builders’ files on time, delay construction

Publication: HINDUSTAN TIMES Date : 03 MAY 2017 
Good news for Mumbaiites, corrupt officials will no longer be able to delay construction work by refusing to clear builders’ files quickly.

 NAVI MUMBAI NEWS

     

Tenders soon for 3 hotels near Navi Mum airport

Publication: TIMES OF INDIA Date : 03 MAY 2017
Navi Mumbai:   Cidco will float global tenders later this week for three prime plots reserved for five star hotels as part of the much-awaited Navi Mumbai airport-led growth for the expanding city.

REALTY NEWS

     

Managing LAP, Affordable Home Growth Key for HFCs

Publication: ECONOMIC TIMES  Date : 03 MAY 2017
INVESTOR INTEREST HIGH on strong earnings from Can Fin, LIC, but after a jump in stock prices over the past year, valuations of housing finance stocks appear rich
     

Xander strikes two realty deals worth Rs 3,000 crore

Publication: BUSINESS STANDARD Date : 03 MAY 2017
Private equity group Xander has signed two big property deals in the country worth Rs 3,000 crore.

4TH MAY 2017 NEWS

RERA NEWS

     

Under RERA, all ongoing projects that don’t have completion certificate, have to be registered within 3 months

Publication: MINT Date : 04 MAY 2017
RERA requires developers to get all projects that have not received completion certificate, registered with regulatory authorities within 3 months
     

Real estate Act will be used to reign in erring builders

Publication: DNA Date : 04 MAY 2017
Around 35,000 to 40,000 ongoing residential projects must be registered under the Real Estate (Regulation and Development) Act (RERA) in the next three months.

INFRA NEWS

     

Devendra Fadnavis launches first U girder of Metro-7

Publication: THE ASIAN AGE Date : 04 MAY 2017
The MMRDA has proposed to construct a network of 172-km-long Metro corridors in the Mumbai metropolitan region (MMR).

CITY NEWS

     

Pay tenants’ rent: CM Fadnavis to HDIL

Publication: THE ASIAN AGE Date : 04 MAY 2017 
Mumbai: Chief minister Devendra Fadnavis has asked a private developer to submit concrete plan of redevelopment of Patrawala chawl, Goregaon and pay pending rent of tenants in 15 days.
     

Zoom developer nabbed over defrauding bank

Publication: THE ASIAN AGE Date : 04 MAY 2017 
The arrested accused identified as Vijay M. Chaudhary has been handed over to Indore where one of the cases has been registered.

REALTY NEWS

     

ED nabs Zoom Developers promoter

Publication: TIMES OF INDIA Date : 04 MAY 2017
The Enforcement Directorate has arrested Zoom Developers promoter-cum-director Vijay Choudhary, who did not respond to its notice in the alleged Rs. 966-crore bank guarantee scam.
     

Realtors, Property Brokers in State Rush to Register Under RERA

Publication: ECONOMIC TIMES  Date : 04 MAY 2017
Mumbai   Over 400 developers start the process, Maha first state to notify new realty rules Realty developers and property brokers in Mumbai, the county's hottest property market, and the rest of Maharashtra are rushing to register their projects and themselves, respectively,
     

IPO WATCH - LONG-TERM GAINS FOR INVESTORS LIKELY - Housing Push, Attractive Price Make Hudco Offer a Good Bet

Publication: ECONOMIC TIMES  Date : 04 MAY 2017
Investors hoping to benefit from the government's push towards affordable housing and infrastructure sectors can look to subscribe to the initial public offering
 

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