06TH OCTOBER 2019 NEWS

REALTY NEWS

Kerala government gets nod to form RERA

Publication: ET REALTY Date : 06 OCTOBER 2019

THIRUVANANTHAPURAM: Three years after the Real Estate (Regulation and Development) Act came into effect, the state government is learnt to have received the advocate general’s nod to constitute the real estate regulatory authority (Rera) in the state with former revenue and housing additional chief secretary P H Kurien as chairperson.

07TH OCTOBER 2019 NEWS

REALTY NEWS

Single-member bench can’t decide RERA appeals: HC

Publication: MUMBAI MIRROR Date : 07 OCTOBER 2019

The Bombay High Court quashed and set aside a ruling by the administrative member of Maharashtra Real Estate Appellate Tribunal on Tuesday, and ruled that as per the Real Estate (Regulation and Development) Act (RERA) provisions, a sole member of a tribunal bench has no jurisdiction to dispose of appeals or applications.

SC decides to hear on its own plea to save Aarey trees today

Publication: TIMES OF INDIA Date : 07 OCTOBER 2019

Mumbai: In a turn of events which offers a ray of hope to the ‘Save Aarey’ campaign after protests against the tree cutting landed some activists behind bars, the Supreme Court will hear the issue on Monday as a suo motu PIL. The SC, on its own initiative, took notice of an urgent letter written by a students’ delegation to the Chief Justice of India to stop the felling of trees for the Metro car shed and constituted a special bench to hear the matter

‘Fresh policy a must if housing for all to become reality’

Publication: TIMES OF INDIA Date : 07 OCTOBER 2019

PANAJI: Skyrocketing land prices, steady investment into realty and reforms in the real estate sector make it important for Goa to revisit its housing policy, said chairman of the Goa chapter of the Indian Institute of Architects Manguesh Prabhugaonker.

Piramal turns to securitisation of real estate loans to raise cash

Publication: FINANCIAL EXPRESS Date : 07 OCTOBER 2019

Two subsidiaries of Piramal Enterprises are looking to raise over Rs 2,372 crore by issuing the country’s first asset backed securities, where the underlying asset will be wholesale loans to real estate developers.