4TH & 5TH JUNE 2017

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Note ban hit high-end housing but low-cost homes gain: National Housing Bank chief

Publication: HINDUSTAN TIMES Date : 04 JUNE 2017
NHB managing director and CEO Sriram Kalyanaraman said the government’s decision to include the middle-income group category in the flagship Pradhan Mantri Awas Yojana would change the market dynamics.



Builders to be fined for not transferring ownership

Publication: DNA Date : 04 JUNE 2017
With an aim to regulate the real estate sector, now, if any builder sells more than 50 per cent flats in a building or obtains an Occupation Certificate (OC), then, within three months the builder has to hand-over the conveyance deed of the property to the society.




MahaRERA Gets Cracking, Issues First Notice

Publication: ECONOMIC TIMES Date : 05 JUNE 2017
Mumbai:   Property broker Sai Estate issued show-cause notice for advertising about residential projects that have not been registered with regulator

Developers going slow on Rera

Publication: FINANCIAL CHRONICLE Date : 05 JUNE 2017
Real estate promoters and unregulated entities are hesitant to register under the new act

What home buyers must know about RERA

Publication: BUSINESS LINE Date : 05 JUNE 2017
The Real Estate Regulatory Act (RERA) has taken effect from May 1, promising a friendlier regime for home buyers. But with the regulations differing across States, it is important for home buyers to understand the implications of the Act on their purchase.



5 yrs ago, damage estimate for Metro from Colaba to Seepz was 177 trees. Now, it's 1,074

Publication: TIMES OF INDIA Date : 05 JUNE 2017
Mumbai:   Greenery Loss Underestimated In Initial Study Believe it or not, the Colaba-Bandra-SEEPZ metro line began with an environment assessment report pegging number of trees to be felled at not more than 177.



World environment day: Mumbai lost 60% of its green cover in 40 years

Publication: HINDUSTAN TIMES Date : 05 JUNE 2017
Mumbai city news: Mumbai’s tree cover, which was more than 35% in the 1970s, is less than 13% today, says a study on world environment day

How SRA plot in Bandra got 900% more devpt rights

Publication: TIMES OF INDIA Date : 05 JUNE 2017
A 26-storey internationally designed tower in Bandra Reclamation with limited edition lavish homes, views of the sea, extravagant living room, private sundeck, personal lobby and master bedroom with private balcony .



Innovating a tech-led approach to realty

Publication: DNA Date : 05 JUNE 2017
Despite the stress on a digital economy, digitisation is almost non-existent in the Indian real estate sector.

Realtors relieved as rental income stays out of GST

Publication: DNA Date : 05 JUNE 2017
In a big relief to home owners and individual investors relying on rental income, such earnings will not be taxed under the Goods and Services Tax (GST).

Cheque encashed by bldr after I-T return deadline? You can still claim tax exemption, says tribunal

Publication: TIMES OF INDIA Date : 05 JUNE 2017
Mumbai:   In a relief to many flat buyers, the Income-tax Appellate Tribunal recently held


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