6TH & 7TH JUNE 2017

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MCHI-CREDAI

6TH JUNE 2017 NEWS

 RERA NEWS

     

RERA impact: New home launches slide 16 pct in 8 cities

Publication: FINANCIAL EXPRESS Date : 06 JUNE 2017
New home launches have been reduced to a trickle as the real estate industry grapples with the new RERA regulations.
     

Maharashtra RERA gets cracking, fines realty agent ₹1.2 lakh for misleading ad, marketing

Publication: HINDUSTAN TIMES Date : 06 JUNE 2017
Mumbai city news: The Centre’s Real Estate (Regulation & Development) Act, 2016, came into effect from May 1 this year and Maharashtra was one of the first states to notify its rules and establish MahaRERA.
     

RERA’s first catch: Chembur real estate agent fined Rs 1.2 lakh

Publication: THE INDIAN EXPRESS Date : 06 JUNE 2017
The Authority’s order states that the consultant was guilty of advertising a project which is yet to be registered with it. Advertising for sale of flats in projects that are not registered with the Authority is a violation under the rules of the regulatory body, which came into effect on May 1.

AFFORDABLE HOME NEWS

     

City beats slump in housing projects with emphasis on affordable homes

Publication: TIMES OF INDIA Date : 06 JUNE 2017
New residential project launches saw a steady quarter­on­quarter decline for the last four quarters, corresponding with the announcement of the stringent Real Estate Regulatory Act (RERA)

 INFRA NEWS

     

`MMRC did not reveal the full eco damage from Metro shed'

Publication: MUMBAI MIRROR Date : 06 JUNE 2017
Environmentalists take their concerns over Aarey to Metro III's Japanese funder

 CITY NEWS

     

MMRDA to receive proposed DP of three plots by June 23

Publication: DNA Date : 06 JUNE 2017
While the city's Development Plan (DP) 2034 — a blueprint for the city's development in the coming years —has received another two months extension,
     

SRA homes in Mumbai don’t get enough sunlight or ventilation, says study

Publication: HINDUSTAN TIMES Date : 06 JUNE 2017
Mumbai city news: The SRA scheme, introduced in 1995, had builders constructing multi-storeyed structures for the poor
     

Citizens now initiate Juhu beach clean-up after Versova success

Publication: DNA Date : 06 JUNE 2017
Following the success of the citizens movement to clean up the Versova beach, which was lauded by Prime Minister Narendra Modi in his Mann Ki Baat radio programme on May 28,

 REALTY NEWS

     

Office Rents in Three Key Cities on the Rise; DeMo Not a Worry

Publication: ECONOMIC TIMES Date : 06 JUNE 2017
Delhi, Mumbai & B'luru among select global cities to see sharp rise in rentals in Q1 of 2017: Knight Frank Office Rental Index

CONTI...

7TH JUNE 2017 NEWS

 RERA NEWS

     

Mumbai: Developers not raring to go for RERA registrations

Publication: MID-DAY Date : 07 JUNE 2017
While over 40,000 building projects are in various stages of construction after receiving a go-ahead from the Brihanmumbai Municipal Corporation (BMC),

 INFRA NEWS

     

Highest investment in urban infra approved for Maharashtra: Naidu

Publication: HINDU Date : 07 JUNE 2017
Maharashtra will have operational Metro rail projects with a total length of 360 km in the next five to six years, according to a review meeting held by Union Minister for Urban Development M. Venkaiah Naidu

 CITY NEWS

     

ED summons Siddique for questioning in SRA case

Publication: TIMES OF INDIA Date : 07 JUNE 2017
Mumbai:Ex-MLA Accused Of Money Laundering The Enforcement Directorate (ED) has summoned former Congress legislator Baba Siddique,
     

Celeb society in Oshiwara, stuck for 3 years, finally gets BMC all-clear

Publication: MUMBAI MIRROR Date : 07 JUNE 2017
After being caught in a dispute between two promoters of a luxury property for over three years, the likes of Priyanka Chopra, Sonu Nigam and Sunidhi Chauhan can now finally move into their plush apartments in Windsor Grande, one of Oshiwara's most exclusive properties.
     

Smarter parking for better cities

Publication: LIVE MINT Date : 07 JUNE 2017
In India, our city planning has never factored in the need for parking, perhaps because it has been viewed as a mundane concern

REALTY NEWS

     

Housing demand slows despite good loan deals

Publication: THE INDIAN EXPRESS Date : 03 JUNE 2017
Chennai:   Top 8 Cities See 16% Dip In Launches From '16 Top eight cities witnessed residential launches of about 25,800 units in the first quarter of 2017,
     

Residential realty new launches dip 16%

Publication: BUSINESS LINE Date : 07 JUNE 2017
MUMBAI, JUNE 6: New launches in residential real estate has witnessed 16 per cent decline with the total number of units standing at about 25,800 units for the first quarter of 2017.
     

Middle class dream fuels housing boom

Publication: FINANCIAL CHRONICLE Date : 07 JUNE 2017
When he was little and his father was building his taxi business, Pradeep Yadav lived in a chawl in Mumbai. The apartment had one light, a fan and water for just two hours a day.
 

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