09TH TO 11TH DECEMBER 2017

If you cannot read this email, please click here


MCHI-CREDAI

09TH DECEMBER 2017 NEWS

MAHARERA NEWS

     

RERA not ‘retrospective’, still let Parliament decide, says Bombay High Court

Publication: FREE PRESS JOURNAL Date : 09 DECEMBER 2017
Mumbai: The landmark ruling of the Bombay High Court upholding the constitutional validity of the Real Estate Regulatory Authority (RERA)
     

Watch this space: RERA provides boost to new realty markets

Publication: HINDUSTAN TIMES Date : 09 DECEMBER 2017
After researching online and consulting friends in the real-estate sector, Prathamesh Gaur, 30, a businessman from Fort, invested in an upcoming high-rise project in Mohali, Punjab.

CITY NEWS

     

Plan to build wall around Mumbai’s mangroves stalled

Publication: HINDUSTAN TIMES Date : 09 DECEMBER 2017
The state mangrove cell’s ambitious project to construct a 10-foot high wall around mangrove patches in the city, threatened by encroachments, has hit a roadblock.

OTHER CITY NEWS

     

Govt takes over mgmt of realty firm Unitech

Publication: TIMES OF INDIA Date : 09 DECEMBER 2017
New Delhi: The National Company Law Tribunal (NCLT) on Friday suspended the eight directors on the board of troubled real estate company Unitech and allowed the government to appoint its nominee directors.
     

Unitech: The decline of realty major

Publication: BUSINESS STANDARD Date : 09 DECEMBER 2017
A decline in the real estate sector, rising debt and Unitech's alleged involvement in 2G scam caused damage to the business and its image

10TH DECEMBER 2017 NEWS

MAHARERA NEWS

     

MahaRERA’s 10 benches to start work from January 1

Publication: THE ASIAN AGE Date : 10 DECEMBER 2017
These benches will try to resolve the dispute and if it is not resolved, it will go to MahaRERA for regular hearing.

SRA NEWS

     

SRA re-examines proposal to declare Worli koliwada a slum

Publication: TIMES OF INDIA Date : 10 DECEMBER 2017
MUMBAI: The Slum Redevelopment Authority (SRA) is re-examining a contested proposal to declare more than 3 acres of prime land in Worli koliwada village as a slum,

CITY NEWS

     

Study to look into pest that poses threat to mangroves

Publication: TIMES OF INDIA Date : 10 DECEMBER 2017
NAVI MUMBAI: It's not just the land mafia that poses a threat to mangroves, pests too seem to pose an equal risk.

REALTY NEWS

     

Realty firms struggle with record Rs 99,000-cr unsold inventory

Publication: BUSINESS STANDARD Date : 10 DECEMBER 2017
Real estate firms are once again adding inventory at a faster clip as sales offtake fails to keep pace with the rising supply of new properties. At the end of March this year,

11TH DECEMBER 2017 NEWS

RERA NEWS

     

Review Maharashtra RERA project completion rules: Bombay High Court

Publication: ECONOMIC TIMES Date : 11 DECEMBER 2017
MUMBAI: The Bombay High Court has passed a remark, while dismissing builders’ plea against the constitutional validity of RERA, that Maharashtra’s RERA rules need to be changed after taking “a fresh survey of the rules.

CITY NEWS

     

MP, govt officials coerce Kandivli housing society to go for redevelopment

Publication: TIMES OF INDIA Date : 11 DECEMBER 2017
MUMBAI: The 249 families of Kandivli's Mohan Nagar Society are a besieged lot. A local builder along with a BJP MP,

REALTY NEWS

     

Unitech: The fall of a real estate giant

Publication: MINT Date : 11 DECEMBER 2017
Bengaluru/Mumbai/New Delhi: In its 2007-08 annual report, Unitech chairman Ramesh Chandra spoke of becoming a pan-India developer, venturing into the telecom business and turning into a professionally managed company, something rare in the real estate industry.
     

More people are searching for houses but the deals are still few

Publication: MINT Date : 11 DECEMBER 2017
Irrespective of market dynamics, homebuyers who want to buy a house will continue to look for it. Giving fillip to this search for houses is the buzz that property prices have bottomed out,
     

NRIs turn to commercial realty with eye on yield

Publication: DECCAN CHRONICLE Date : 11 DECEMBER 2017
Mumbai: The stagnant prices in residential real estate and slowdown in new launches have forced non-resident Indians to shift their investment focus towards commercial properties in India.

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine
Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net