5TH SEPTEMBER 2017

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MCHI-CREDAI

MCHI NEWS

     

Government will step in to rationalise ready reckoner rates, amend Act, says CM Devendra Fadnavis

Publication: THE INDIAN EXPRESS Date : 07 SEPTEMBER 2017
Maharashtra Chief Minister Devendra Fadnavis said Mumbai’s Development Plan (DP) would be unveiled and executed within a year. He said the draft plan was being studied for holistic development of the city and its people.
     

First RERA verdict: Builder told to return Rs 26 lakh to flat buyer

Publication: TIMES OF INDIA Date : 07 SEPTEMBER 2017
The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Wednesday asked a builder in Mumbai to return an advance of Rs 26.

RERA NEWS

     

Builders of RERA-registered projects delay delivery timelines in Maharashtra: Study

Publication: THE INDIAN EXPRESS Date : 07 SEPTEMBER 2017
The findings of the report indicate that more than 50 per cent of residential units registered with RERA have extended their time period for completion by over a year, and 30 per cent will have an extended deadline
     

Homebuyers Group Knocks on PM's Door

Publication: ECONOMIC TIMES Date : 07 SEPTEMBER 2017
Mumbai:   Fight for RERA wants homebuyers' interests to be given more importance in insolvency cases
     

Coordination with other regulators needed: MahaRera chairman

Publication: BUSINESS STANDARD Date : 07 SEPTEMBER 2017
The head of Maharashtra real estate regulator 'MahaRera' today called for better coordination with other authorities and also between related legislations to protect the interests of home-buyers.
     

INFRA NEWS

     

Underground Metro in Mumbai gets its first tunnel digger

Publication: HINDUSTAN TIMES Date : 07 SEPTEMBER 2017
The Tunnel Boring Machine, which is imported from China, will be assembled in the next 45 days and then deployed from a Mahim launching shaft

CITY NEWS

     

Environment clearance for Bhendi Bazaar Redevelopment Project

Publication: THE INDIAN EXPRESS Date : 07 SEPTEMBER 2017
“As there were minor changes proposed including the building height, we had to seek the MoEF’s approval for it and were waiting for it. The clearance was granted at a meeting in August,” said Abbas Master, CEO of SBUT.

REALTY NEWS

     

Mumbai property: Magic mantra boosts real estate sector; read why that is

Publication: FINANCIAL EXPRESS Date : 07 SEPTEMBER 2017
The Magic Mantra that is impacting the real estate scenario in Mumbai and the Mumbai Metropolitan Region is the slew of infrastructure projects which have been speeded up or newly launched by the state government.
     

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