06TH FEBRUARY 2019

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MCHI-CREDAI

RERA NEWS

     

Telangana RERA extends registration deadline

Publication: BUSINESS LINE Date : 06 FEBRUARY 2019
Telangana’s Real Estate Regulatory Authority (RERA) has decided to give one more chance to developers to register their properties by paying a penalty of ₹2 lakh and has extended the last date to February 15.

CITY NEWS

     

BMC Budget: Road, rail, bridge connectivity budget exceeds healthcare

Publication: DNA Date : 06 FEBRUARY 2019
Even as the healthcare sector has received the largest budget allocation in the Brihanmumbai Municipal Corporation's (BMC) 2019-20 budget of Rs 30,062 crore, it is the roads, rail and bridges combined that have benefitted the most.
     

Mumbai: Long wait ahead for property tax rebate

Publication: DNA Date : 06 FEBRUARY 2019
Mumbaikars living in houses admeasuring 700 square feet or less will have to wait a bit longer to get relief from BMC property tax.

REALTY NEWS

     

Indian real estate developers’ debt burden has more-than-trebled over the last decade

Publication: ECONOMIC TIMES Date : 06 FEBRUARY 2019
In terms of units, volumes of sales have gone up 1.28 times while inventory has increased 3.33 times between 2009 and 2018, said the report by Liases Foras Research & Rating.
     

Realty, construction, power may spell more trouble to banks: India Ratings

Publication: BUSINESS STANDARD Date : 06 FEBRUARY 2019
However, lenders will be better equipped to provide for these loans as they are mainly medium-sized, up to Rs 2,000 crore per account

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