9TH TO 11TH SEPTEMBER 2017

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MCHI-CREDAI

09 SEPTEMBER 2017 NEWS

RERA NEWS

     

Maharashtra RERA directs builder to refund ₹26L to homebuyer

Publication: HINDUSTAN TIMES Date : 09 SEPTEMBER 2017
Following the intervention of the Maharashtra Real Estate Regulatory Authority (Maha-RERA), a home-buyer was able to get the refund of Rs26.15 lakh from a builder, who had failed to hand over possession of the flat with a stipulated time.

CITY NEWS

     

SORT YOUR TRASH - Oct 2 deadline: Many hsg socs clueless about waste treatment

Publication: TIMES OF INDIA Date : 09 SEPTEMBER 2017
Citizens' concerns are growing as BMC's October 2deadline for housing societies that produce over 100kg of waste daily or have an area above 20,000 sqm to segregate garbage and compost wet waste

REALTY NEWS

     

Mumbai Set to Witness Spurt in Office Realty

Publication: INDIAN EXPRESS Date : 09 SEPTEMBER 2017
Mumbai:   City among top five globally to see office space addition in 18 months: JLL India

10TH SEPTEMBER 2017 NEWS

RERA NEWS

     

RERA setting a bad example by going soft on builders: Housing experts

Publication: DNA Date : 10 SEPTEMBER 2017
Friday, MahaRERA decided the new fine for developers who applied after the period August 16 to August 31, to be Rs 1 lakh or an amount equivalent to the registration fee of the said project, whichever is more.

INFRA NEWS

     

No private players to build Metro lines, says Maharashtra chief minister

Publication: HINDUSTAN TIMES Date : 10 SEPTEMBER 2017
The Mumbai Metropolitan Region Development Authority (MMRDA) will not seek central aid for the remaining Metro rail projects in the city.

CITY NEWS

     

MHADA to auction builder's properties to compensate buyers

Publication: MUMBAI MIRROR Date : 10 SEPTEMBER 2017
The agency has asked the district collector's office to attach builder Vilas Gaonkar's properties after he left a redevelopment project unfinished

11TH SEPTEMBER 2017 NEWS

RERA NEWS

     

Why you should use the RERA website before buying property

Publication: MINT Date : 11 SEPTEMBER 2017
After 31 July 2017, if an ongoing residential project or a new project that is more than 500 sq. metre or has more than eight apartments, wants to advertise or sell its units, it has to get registered with the real estate regulator of that state or union territory.

INFRA NEWS

     

Activists to move HC against elevated Metro 2B corridor

Publication: DNA Date : 11 SEPTEMBER 2017
Activists and citizens' groups from the western suburbs have decided to file a writ petition in the Bombay high court to demand for an underground Metro 2B corridor.

PARKING POLICY NEWS

     

Pilot project on BMC’s new parking policy yet to take off

Publication: DNA Date : 11 SEPTEMBER 2017
MORE than eight months after the state government gave its go-ahead for a pilot project on the Brihanmumbai Municipal Corporation’s (BMC’s) new parking policy,

CITY NEWS

     

Societies yet to get serious about waste

Publication: DNA Date : 11 SEPTEMBER 2017
While the BMC is firm on its stand that October 2 onwards it will not collect wet garbage from residential societies, based on an area more than 20,000 sq m, and from commercial or residential premises that generate more than 100 kilograms of garbage daily,
     

Bldg proposal dept hits 40% target in 5 months

Publication: DNA Date : 11 SEPTEMBER 2017
The Brihanmumbai Municipal Corporation's (BMC) realistic budget and Real Estate Regulatory Authority (RERA) Act helped the civic body to achieve around 40 per cent of the estimated revenue

REALTY NEWS

     

Builders bet on affordable homes as luxury sales dip

Publication: BUSINESS STANDARD Date : 11 SEPTEMBER 2017
With slowing of luxury housing property sales, major real estate developers are banking on their affordable and premium segments for the coming months.
     

India among top-10 price appreciating residential markets globally: Knight Frank

Publication: ET REALTY Date : 11 SEPTEMBER 2017
At an annual price appreciation of 10.5% India’s residential sector has outpaced matured markets such as China with 9.6% and did nearly four times better than 2.8% price rise recorded in the United Kingdom
     

SBI to go all out to capitalise on reviving home loan demand

Publication: ET REALTY Date : 11 SEPTEMBER 2017
MUMBAI: State Bank of India, battling the lack of any major project lending plans, is planning to capitalise on the reviving demand for home loans and may use the festival season to drive its mortgage business

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