RERA NEWS

RERA Denies Extension To Builders Who Haven't Registered Yet

Publication: MID-DAY Date : 05 OCTOBER 2017

Developers who haven't registered their ongoing projects with the Maha RERA are unlikely to get a fourth chance to do so.

NRI Flat Buyer Struggles To Recover Rs 26 Lakh From Naigaon Builder And RERA Can't Do Much

Publication: MID-DAY Date : 05 OCTOBER 2017

The extremely stringent MahaRERA (Maharashtra-Real Estate and Regulation Act) may have come into effect, but home-buyers continue to be at the receiving end of the unprofessionalism of builders.

No more extension for registering ongoing projects with Maharashtra RERA

Publication: THE INDIAN EXPRESS Date : 05 OCTOBER 2017

Developers of ongoing real estate projects will no longer be able to register with the Maharashtra Real Estate Regulatory Authority (RERA),

RBI NEWS

RBI lowers GVA growth outlook to 6.7% on GST effect

Publication: DNA Date : 05 OCTOBER 2017

The Reserve Bank of India (RBI) slashed its economic growth projection for the current fiscal to 6.7% from the earlier 7.3%, taking into account the disruptive effect of goods and services tax (GST)

RBI holds rates, lowers growth forecast, raises inflation estimate

Publication: LIVE MINT Date : 05 OCTOBER 2017

RBI’s six-member monetary policy committee keeps interest rates unchanged at 6%

CONTI...

CITY NEWS

SGNP to lose 1.48 lakh sq mt to new route

Publication: DNA Date : 05 OCTOBER 2017

About 1.48 lakh sqmt of Sanjay Gandhi National Park (SGNP) land will be deforested for the construction of the first phase of the Virar-Alibaug multi-modal corridor, the Mumbai Metropolitan Region Development Authority (MMRDA) has said.

OTHER CITY NEWS

Cidco floats tender for 20 land parcels

Publication: DNA Date : 05 OCTOBER 2017

On the lines of Mumbai's Kalanagar, Sahitya Sahwas, Patrakar Colony and other colonies, CIDCO has come up with a tender for 20 plots for which MP/MLA/MLCs,

REALTY NEWS

Kotak Realty joins the race to buy IL&FS India Realty Fund 1

Publication: LIVE MINT Date : 05 OCTOBER 2017

Kotak Realty is the second fund, after Blackstone Group, to show interest in IL&FS India Realty Fund 1, a deal is likely to be struck around $200 million

Rajnish Kumar new SBI chairman as Arundhati Bhattacharya retires

Publication: LIVE MINT Date : 05 OCTOBER 2017

Rajnish Kumar will take over from Arundhati Bhattacharya as SBI chairman for a period of three years, the government said

Housing sales fall 35 per cent in 8 cities; supply dips 83 per cent

Publication: THE INDIAN EXPRESS Date : 05 OCTOBER 2017

"Housing demand (absorption) across key cities dropped by 35 per cent to 22,699 units from 34,809 units due to fewer new projects in the market and the lag effect in the revival of the end user driven demand," said PropEquity.