8TH TO 10TH APRIL 2017

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MCHI-CREDAI

8TH APRIL 2017 NEWS

 MCHI NEWS

     

The smart city beckons home seekers

Publication: DNA Date : 08 APRIL 2017
MCHI-CREDAI Kalyan Unit's 7th property expo has commenced and will be held
     

CREDAI TO DRIVE REALTY GROWTH

Publication: DNA Date : 08 APRIL 2017
New leadership under jaxay shah announces launch of 250 affordable housing project across india

 REDEVELOPMENT NEWS

     

SC dismisses plea that stalled redevpt of 32-acre SoBo slums

Publication: TIMES OF INDIA Date : 08 APRIL 2017
Mumbai: The SC on Friday paved the way for authorities to approve plans for redevelopment of a 32acre slum sprawl--one anda half times size of Oval Maidan--in Cuffe Parade as it dismissed a special leave petition by Plymouth Constructions Pvt Ltd and its director Vikram Mittal.

 INFRA NEWS

     

Green nod to coastal road

Publication: MUMBAI MIRROR Date : 08 APRIL 2017
MoEF's clearance to Rs 15,000-crore link from Princess Street flyover to Kandivali comes with 2 riders, which BMC is okay with
     

Shoring up the builders?

Publication: DNA Date : 08 APRIL 2017
Were it not for the persistence of an activist affiliated to the Centre for Policy Research in Delhi, the January 2015 report of a committee to review the Coastal Regulation Zone (CRZ) law of 2011 might not have seen the light of day.
     

Coastal road's first phase gets green panel nod, work likely to begin in Oct

Publication: TIMES OF INDIA Date : 08 APRIL 2017
Mumbai:   Bids Soon For Marine Drive To Bandra Stretch The coastal road cleared its last major hurdle on Friday , after the Union environment ministry's expert committee approved work on the first phase of the total 29.22-km road connecting Marine Drive to Kandivli.
     

Debt repayment leaves little cash for devpt projects: CAG

Publication: TIMES OF INDIA Date : 08 APRIL 2017
Mumbai: `Liability Outstrips Revenue And State's Resources'.The state's debt by the end of 2015-16 stood at Rs 3.51lakh crore, up from Rs 3.19 lakh crore in 2014-15.

CITY NEWS

     

Will act against builders if they handover flats without occupation certificate: Devendra Fadnavis

Publication: HINDUSTAN TIMES Date : 08 APRIL 2017
In a move to make developers accountable, the state government has decided to act against builders and architects who give possession of flats to owners without securing a Occupation Certificate (OC) certificate.

9TH APRIL 2017 NEWS

 RERA NEWS

     

Real estate regulatory act: Developers should take it seriously as RERA is tough, says Irfan Razack

Publication: THE INDIAN EXPRESS Date : 09 APRIL 2017
New leadership under jaxay shah announces launch of 250 affordable housing project across india

 RENT CONTROL ACT NEWS

     

Draft Maha Rent Control Act - Landlord-friendly rules propose 25 pc rent hike

Publication: MUMBAI MIRROR Date : 09 APRIL 2017
Tenants will also have to bear 15 pc of building repair cost; activists, politicos slam proposal

 CRZ NEWS

     

Coastly Errors

Publication: MUMBAI MIRROR Date : 09 APRIL 2017
Environmentalists raise red flags as new maps change CRZ classifications of several eco-sensitive land parcels, leaving them vulnerable to builders' greed Several plots have been moved from CRZ-I and CRZ-III to CRZ-II, opening them up for development

CITY NEWS

     

SoBo restaurateur ordered to pay lessee

Publication: MUMBAI MIRROR Date : 09 APRIL 2017
Deepak Shroff had failed to return his tenant a deposit of Rs 2.5 crore for a Nariman Point property An arbitrator has asked So Bo restaurateur Deepak Shoff to shell out over Rs 4 crore after he failed to re turn his tenant's security deposit following the completion of their contract in 2007.
     

Court raps 5 hsg society members for holding up redevpt project

Publication: TIMES OF INDIA Date : 08 APRIL 2017
“The developer is not a social worker but a businessman,“ said the Bombay High Court, holding a few housing society members cannot unjustifiably hold a redevelopment project and majority members to ransom. The HC directed five of the 27 members who were obstructing a redevelopment project since 2011, to hand over vacant possession by May 3.

10TH APRIL 2017 NEWS

 CREDAI NEWS

     

PMO Reviews Progress of Affordable Housing Scheme

Publication: ECONOMIC TIMES Date : 10 APRIL 2017
Mumbai: Discusses with developers issues faced by them and ways to facilitate faster implementation of plans
     

CREDAI members launch 352 affordable housing projects

Publication: ECONOMIC TIMES Date : 10 APRIL 2017
NEW DELHI, APRIL 9: Private real-estate developers on Sunday launched 352 projects in 53 cities across 17 States with an investment of ₹38,003 crore to build 2,03,851 affordable houses.

GST NEWS

     

Will the GST increase political fragmentation?

Publication:MINT Date : 10 APRIL 2017
The GST is being rolled out in a political economy context characterized by skyrocketing economic disparity both between and within major states
     

How will RERA and GST impact the realty sector?

Publication: AFTERNOON Date : 10 APRIL 2017
The Real Estate sector contributes around 9% of India's GDP and is the second largest employer, after agriculture. With urbanisation being one of the major growth drivers for the sector, 

CITY NEWS

     

HC raps residents of Nagpada tower for moving in sans OC

Publication: TIMES OF INDIA Date : 10 APRIL 2017
Mumbai:   Bombay high court has directed BMC to reply why it withheld occupation certificate (OC) to a Nagpada highrise and also what action it took after learning that flat-owners were residing there illegally for six years.
     

Realty major sacks two staffers for `extreme cruelty' to dogs

Publication: TIMES OF INDIA Date : 10 APRIL 2017
Mumbai   Jones Lang Lasalle (JLL), a global real estate services firm, has sacked two of its employees after animal rights activists complained to police about a case of extreme animal cruelty in Andheri (East).
     

Law to take on errant realtors

Publication: THE ASIAN AGE Date : 10 APRIL 2017
Mumbai: Aiming to make builders and architects accountable, Maharashtra government will soon bring an Act to prosecute them for giving possession of flats to owners without securing an Occupation Certificate (OC) certificate.
 

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