08TH OCTOBER 2019 NEWS

MCHI NEWS

Give me your empty parking spots, BMC chief implores city

Publication: MID-DAY Date : 09 OCTOBER 2019

Taking forward the plans to decongest Mumbai with the help of housing societies, Brihanmumbai Municipal Corporation (BMC) Commissioner Praveen Pardeshi, through the Mumbai Parking Authority (MPA), has appealed to societies, real estate bodies such as CREDAI-MCHI (Maharashtra Chamber of Housing) and commercial institutions to join the 'City Parking Pool'.

REALTY NEWS

Sobha tumbles after Q2 sales update

Publication: BUSINESS STANDARD Date : 08 OCTOBER 2019

Sobha fell 4.11% to Rs 428.90 after the company issued sales update for Q2 September 2019. During the quarter, Sobha achieved new sales volume of 10,36,340 square feet valued at Rs 682 crore, with a total average realisation of Rs 6584 per square feet (Sobha's share of sales value is at Rs 561 crore).

Foreign investors keen on REITs, InvITs: Sebi

Publication: ET REALTY Date : 08 OCTOBER 2019

NEW DELHI: Sebi Chairman Ajay Tyagi and other officials met scores of foreign investors in the US last week and saw keen interest from them in emerging areas such as REITs and InvITs, which have a total asset size of more than USD 10 billion.

09TH OCTOBER 2019 NEWS

COURT NEWS

Housing society can’t be forced to participate in cluster development: Bombay HC

Publication: HINDUSTAN TIMES Date : 09 OCTOBER 2019

The bench was hearing a petition filed by Jawahar Jyoti co-operative housing society at Panchpakhadi in Thane challenging resolution passed Thane Municipal Corporation (TMC) in its general body meeting on December 10, 2018.

CITY NEWS

Explained: How plan for clean air works

Publication: THE INDIAN EXPRESS Date : 09 OCTOBER 2019

Stricter measures under Graded Response Action Plan in Delhi-NCR from October 15. How has the plan worked in Delhi so far, what is being extended to NCR towns, and where do other states figure in it?

REALTY NEWS

Real estate crisis: Housing sales down 22% in Delhi-NCR

Publication: FINANCIAL EXPRESS Date : 09 OCTOBER 2019

The residential real estate sector in the national capital and its satellite towns fell 22% quarter-on-quarter (Q-o-Q) to 9,830 units during Q3 2019 calendar year (CY) on account of a subdued buyers’ market due to ban on subvention schemes, coupled with monsoon rains and the inauspicious period of Shradh.

Over 400 realtors went under insolvency process by June 2019

Publication: ET REALTY Date : 09 OCTOBER 2019

BENGALURU: The number of property developers who have been dragged to the bankruptcy court has more than doubled in less than a year as a prolonged slump in sales and the ongoing liquidity crisis make things tough for many in the country.

Axis RERA Fund invests ₹65 crore in Adarsh Developers promoted project

Publication: BUSINESS LINE Date : 09 OCTOBER 2019

Axis RERA Opportunities Fund-I (Axis RERA Fund) has signed a deal to invest ₹65 crore with Bengaluru-based Adarsh Developers. This is the second in line after its first investment of ₹60 crore with Akshaya Developers for their project Orlando in Chennai.