RERA NEWS

Home builders switch to equity funding in RERA regime

Publication: MINT Date : 08 JUNE 2017

Tough RERA deadlines have made builders seek long-term equity tie-ups with private equity firms

 RBI NEWS

RBI makes home loans above Rs 75 lakh cheaper

Publication: TIMES OF INDIA Date : 08 JUNE 2017

MUMBAI: In a move that will encourage banks to lend more for housing in large cities and make high value home loans cheaper,

Home loans set to get cheaper as RBI eases norms for banks

Publication: MINT Date : 08 JUNE 2017

RBI reduces risk weightage and the amount of money banks have to set aside as security on home loans, in moves that should benefit customers and real estate developers

A rate cut could come this year, Street changes its view

Publication: MINT Date : 08 JUNE 2017

MUMBAI: The Reserve Bank of India’s sharp reduction in inflation target for the current fiscal has forced

CONTI....

 CITY NEWS

Sunshine Story: Why this Kandivli society is Mumbai's greenest hub

Publication: MID-DAY Date : 08 JUNE 2017

A Kandivali housing society has become a shining example of green living in Mumbai with environmentally conscious initiatives that have brought down their total energy consumption to half.

HDIL fails to repay loan, CBI seizes its Kurla property

Publication: DNA Date : 08 JUNE 2017

Real estate firm HDIL owes Rs 144 crore loan amount to Central Bank of India. It failed to repay, and the bank has taken symbolic possession of its property in Kurla West.

No commercial tag for Aarey green zone: BMC

Publication: DNA Date : 08 JUNE 2017

The Brihanmumbai Municipal Corporation's (BMC) Improvement Committee rejected the proposal to issue a no objection certificate (NOC) to change the reservation of Aarey from green zone to commercial use.

BJP, Shiv Sena fight over returning ₹500-crore hospital plot to builder in Mumbai?

Publication: HINDUSTAN TIMES Date : 08 JUNE 2017

Mumbai city news: According to the proposal, the BMC has to handover the plot to the builder, in return for the an amenity space of 18,765 square metres it got received from the builder.

REALTY NEWS

Lodha family arm to launch VC fund, housing finance firm

Publication: BUSINESS STANDARD Date : 08 JUNE 2017

Lodha Ventures, the investment arm of the Mumbai-based property developer Mangal Prabhat Lodha family, is planning to launch a venture capital fund and a housing finance company soon, according to a source in the know.

Attack on black money leaves realty, construction sector bleeding

Publication: DNA Date : 08 JUNE 2017

Real estate and engineering construction sectors have been hit hard during the fourth quarter as they registered de-growth post-demonetization.