5TH SEPTEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

SC entrusts Bombay HC with settling RERA validity

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
The Supreme Court on Monday asked the Bombay high court to decide on the legal challenges filed by builders in various high courts on the validity of the Real Estate Regulation and Development Act (RERA),
     

Supreme Court asks Bombay HC to expedite RERA pleas

Publication: THE INDIAN EXPRESS Date : 05 SEPTEMBER 2017
The apex court asked the other high courts where pleas have been filed by builders and others challenging the provisions of RERA, to await the decision of the Bombay High Court before deciding the matters.
     

When will Bombay HC decide on RERA pleas? SC steps in, orders speeding up of process

Publication: FINANCIAL EXPRESS Date : 05 SEPTEMBER 2017
The Supreme Court on Monday refused to transfer the petitions challenging the validity of the Real Estate (Regulation and Development) Act (RERA)
     

SC NEWS

     

SC stays HC order restoring silent zones, activists in city upset

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
Mumbai   The Supreme Court on Monday stayed the Bombay high court's ad interim order in the sound pollution matter, which had restored silent zones, to the dismay of activists in the city.

INFRA NEWS

     

Monorail phase II misses 4th deadline

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
Mumbai Metropolitan Region Development Authority (MMRDA) had planned to approach the commissioner of railway safety (CRS) to inspect phase II (Wadala-Jacob Circle) of the monorail in August but it failed to adhere to the deadline as 25% trials are yet to be completed.

CITY NEWS

     

State ignores protests, dereserves Aarey land

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
Mumbai: Thirty-three hectares of Aarey Colony land have been formally deleted from the No-Development Zone (NDZ) and reserved for the Metro III car depotworkshop and allied uses.
     

Proposed housing regulator to be on par with judicial forums

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
Mumbai: While proposing creation of a housing authority to oversee affairs of cooperative societies, a state-appointed expert committee has recommended that the body be given quasi judicial powers 
     

Maharashtra government may fix time frame to redevelop cessed buildings

Publication: THE INDIAN EXPRESS Date : 05 SEPTEMBER 2017
Minister of State for Housing Ravindra Waikar had convened a meeting of MHADA officials in wake of the building collapse to review the various issues pertaining to the repair and redevelopment of the 14,375 cessed

REALTY NEWS

     

Empty flat? Your next tenant could be Oyo

Publication: TIMES OF INDIA Date : 05 SEPTEMBER 2017
Wondering what to do with your flat that's lying vacant? Hotel aggregator OYO may be able to help.
     

Iconic SoBo Bungalow Ruparel House Looks for a New Owner

Publication: ECONOMIC TIMES Date : 05 SEPTEMBER 2017
Mumbai:   The property, which quotes over Rs 400-cr price tag, would be among country's top 3 priciest home deals if sold
     

ASK Property, TVS Unit Plan Realty Investment Platform

Publication: ECONOMIC TIMES Date : 05 SEPTEMBER 2017
SK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group and Emerald Haven Realty (TVS Emerald), the real estate arm of TVS Motor Company have joined hands to set up ` .

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