04TH NOVEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

RERA, NCLT process may trigger collapse in land prices, say report

Publication: MINT Date : 03 NOVEMBER 2017
Report also indicates stress for non-banking finance companies, or NBFC, and housing finance companies that have large exposure to developer loans
     

Can make law in public interest even if private contracts get impaired: RERA

Publication: ET REALTY Date : 04 NOVEMBER 2017
MUMBAI: The Center and State on Friday stressed that a law can be made in public interest to overturn a private contract. Both were defending the new Real Estate (regulation and Development) Act (RERA)

EASE OF DOING BUSINESS NEWS

     

DNA Exclusive: Unease of 'building in India'

Publication: DNA Date : 04 NOVEMBER 2017
India's improved Ease Of Doing Business rankings could have been much better — if only the cost of getting various permissions to construct a building in India wasn't so high, according to the World Bank's Doing Business 2018: Reforming to Create Jobs' Report.
     

Indices at Record Highs on Strong Re and Rise in Ease of Doing Business Ranking

Publication: ECONOMIC TIMES OF INDIA Date : 04 NOVEMBER 2017
It was a record-setting week for D-Street with benchmark indices closing at new peaks.Over the week, the Sensex gained 1.6% and the Nifty rose 1.3% to close at record high levels.

INFRA NEWS

     

2 months after starting work Metro car shed site restored

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2017
The Mumbai Metro Rail Corporation Ltd (MMRCL) that had barricaded the 30-hectare car shed site at Aarey and was raising its height has started restoring the plot to its original level,

CITY NEWS

     

Hsg soc fined, told it must give resident parking slot

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2017
Mumbai   Forum Cites SC Ruling Against Sale Of Slots A Chembur housing society that had denied a resident parking space claiming that no slots were available has been asked to pay compensation of Rs 1 lakh
     

Residential pay-&-park scheme to finally take off

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2017
Mumbai:   Traffic Police Clear 25 Of 29 Applications The city's first residential pay-and-park scheme finally received approval from the Mumbai Traffic Police on Friday .
     

Housing societies on govt land wait for ownership

Publication: MUMBAI MIRROR Date : 04 NOVEMBER 2017
Residents claim that the Devendra Fadnavis govt has failed to keep promise, delay in framing rules hindering redevelopment of rundown buildings

REALTY NEWS

     

Seven-year shani hits real estate sector

Publication: BUSINESS LINE Date : 04 NOVEMBER 2017
MUMBAI, NOVEMBER 3: New project launches in the real estate sector have hit a seven-year low as end-users have lost confidence in developers, who are struggling with inventory oversupply, coupled with a shrinking investor market.
     

Small delay compensation may tempt builders not to complete projects, divert money: NCDRC

Publication: ET REALTY Date : 04 NOVEMBER 2017
NEW DELHI: Coming down heavily on meager compensation offered for project delays to the home buyers in the builder buyer agreements,

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