08TH NOVEMBER 2017

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MCHI-CREDAI

MCHI NEWS

     

Rise in number of affordable homes: Study

Publication: TIMES OF INDIA Date : 08 NOVEMBER 2017
The stock of affordable homes has increased by 27% across eight cities between January and September, revealed a study by real estate developers' association Credai-MCHI.
     

Mumbai's real estate industry replicates PM Modi's 'Housing for All' vision

Publication: ET REALTY Date : 08 NOVEMBER 2017
MUMBAI: Mumbai witnessed the highest number of launches at over 19,400 new residential units till September 2017..

RERA NEWS

     

Maha Rera rules dilute Act, say home buyers

Publication: TIMES OF INDIA Date : 08 NOVEMBER 2017
Mumbai:   Home buyers are entitled to interest from the date of default under the original contract in ongoing projects and not from the date of registration of project under the Real Estate (Regulation and Development) Act (Rera)
     

RERA not anti-builder: Govt informs court

Publication: THE ASIAN AGE Date : 08 NOVEMBER 2017
A division bench of justices Naresh Patil and Rajesh Ketkar was hearing various petitions filed by developers challenging the RERA Act.
     

RERA is like SEBI, TRAI: home buyers

Publication: THE HINDU Date : 08 NOVEMBER 2017
Mumbai: Rooting for the Real Estate Regulation and Development Act (RERA), home buyers on Wednesday told the Bombay High Court that it is a regulatory body that carries out administrative, legislative, and quasi-judicial roles like the  (SEBI) or (TRAI).

DEMONETISATION NEWS

     

Real estate: Note ban, GST a double whammy

Publication: BUSINESS LINE Date : 08 NOVEMBER 2017
KOLKATA/CHENNAI, NOVEMBER 7: “The market has started recovering after the twin impacts of demonetisation and GST. Each quarter we see an improvement over the previous quarter sales,” says Sanjay Jain, Managing Director of Kolkata-based Siddha Realty.

CITY NEWS

     

Development Plan for 3 new areas to take time

Publication: THE ASIAN AGE Date : 08 NOVEMBER 2017
The draft DP for these areas has been put up, with citizens urged to give their feedback within 60 days.
     

MHADA lottery: MPs, MLAs win homes

Publication: DNA Date : 08 NOVEMBER 2017
Applications in several categories reserved for MLAs and MPs, MHADA employees and families of defence personnel are less than the number of homes available

REALTY NEWS

     

Is real estate sluggishness going away soon? Not really

Publication: MINT Date : 08 NOVEMBER 2017
For some time now, the buzz has been that real estate prices have bottomed out and going forward they will start moving upwards. However, the buzz—created largely by supply-side stake holders such as real estate developers
     

Realty sentiment plummets to 39-month low in Q3 2017

Publication: BUSINESS LINE Date : 08 NOVEMBER 2017
MUMBAI, NOV 7: Indian real estate sector’s future sentiment plummeted to 39-month low in June-September 2017 indicating a significant decline in optimism pertaining to its future performance, a recent survey said.

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