9TH MAY 2017

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MCHI-CREDAI

 RERA NEWS

     

RERA effect: Land prices likely to decline

Publication: DNA Date : 09 MAY 2017
With an aim to regulate the real estate sector, the Real Estate and Regulatory Authority (RERA) Act was brought into effect on May 1, and homebuyers may benefit further as a decline in land prices is likely.
     

How does knowing carpet area help?

Publication: MINT Date : 09 MAY 2017
RERA requires developers to sell units only on the basis of carpet area, and not built-up or super built-up area

 DP NEWS

     

Wait for Mumbai’s blueprint gets longer, BMC seeks 60 more days to approve draft

Publication: HINDUSTAN TIMES Date : 09 MAY 2017
The general body of the BMC on Monday again demanded an extension of two months to approve the draft development plan (DP) 2034. This is the fourth time in the past one year that it has asked for an extension.
     

Mumbai’s development: BMC seeks new deadline

Publication: FREE PRESS JOURNAL Date : 09 MAY 2017
Mumbai: The much-touted develop-ment plan (DP) of Brihanmumbai Municipal Corporation (BMC) has been delayed by at least another two months,
     

BMC wants two more months to study city plan

Publication: DNA Date : 09 MAY 2017
The Brihanmumbai Municipal Corporation (BMC) has asked for an extension of two months to finalise the Draft Development Plan 2014-34 (DP), a blueprint of the city's development plan in years to come.

 HOME LOAN RATE NEWS

     

SBI cuts interest rates by 0.25% for home loans under Rs 30 lakh, to be effective from today

Publication: HINDUSTAN TIMES Date : 09 MAY 2017
India’s largest lender SBI on Monday announced a steep reduction of 25 basis points in affordable housing loans to 8.35% for new borrowers.
     

SBI cuts home loan rates in affordable housing push

Publication: MINT Date : 08 MAY 2017
State Bank of India (SBI) has reduced interest rates on home loans of up to Rs30 lakh by 25 basis points—8.60% to 8.35%—for new borrowers
     

BANK REDUCES HOME LOAN RATES BY UP TO 25 BASIS POINTS - Home Loans are Getting Cheaper! SBI Leads Way

Publication: ECONOMIC TIMES Date : 09 MAY 2017
Bank of India, too, lowers its one-year MCLR by 10bps to 8.4% State Bank of India has slashed home loan rates by 10 to 25 basis points,

 CITY  NEWS

     

'Missing files' of Bldg Proposal Dept traced

Publication: DNA Date : 09 MAY 2017
BMC claims they have either found or recreated the files, albeit only 40 per cent of the total that went missing over the years

 REALTY  NEWS

     

Building industry still grappling with shrinking labour force in Gurgaon, Noida

Publication: HINDUSTAN TIMES Date : 09 MAY 2017
The construction workers who had returned to their villages in the aftermath of demonetisation have still not come back from their villages.
     

Hold On to Quality Realty Stocks But it's Not Time to Buy

Publication: ECONOMIC TIMES Date : 09 MAY 2017
Mumbai   Real estate stocks were in the limelight again on Monday on optimism that the Real Estate Regulation Act that came into force this month will help revive the sector. Led by a 12% jump in Indiabulls Real Estate,

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