09TH NOVEMBER 2017

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MCHI-CREDAI

RERA NEWS

     

RERA's Power Over Ongoing Projects Valid, Says FPCE

Publication: ECONOMIC TIMES Date : 09 NOVEMBER 2017
Mumbai:   Homebuyers' body says Act not retrospective, but rather prospective A non-profit company Forum for People's Collective Efforts (FPCE) has argued in the Bombay High Court
     

MahaRERA turns down home buyers' plaints for hiding info

Publication: MUMBAI MIRROR Date : 09 NOVEMBER 2017
In another case, real estate regulator asks developer to advance deadline for handing over flat

DEMONETISATION NEWS

     

5-10% dip in real estate prices post-note ban: Govt

Publication: TIMES OF INDIA Date : 09 NOVEMBER 2017
New Delhi:   Post-demonetisation the real estate sector saw a drop in prices by up to 5-10%, according to data shared by the housing and urban affairs ministry .
     

Demonetisation impact on property: Housing sales still muted one year after note ban

Publication: THE FINANCIAL EXPRESS Date : 09 NOVEMBER 2017
A year after demonetisation, housing sales are yet to recover. According to data sourced from real estate consulting firm PropEquity, across markets of Mumbai, Bengaluru, National Capital Region (NCR), Chennai and

INFRA NEWS

     

Infrastructure projects: Rise in land compensation cost a challenge for highways, airports

Publication: THE INDIAN EXPRESS Date : 09 NOVEMBER 2017
A surge in land compensation cost for highway upgradation and airport expansion projects since January 2015, when the First Schedule to the Right to Fair Compensation and Transparency in Land Acquisition,

CITY NEWS

     

DIY: How to protect an open plot over 8 years

Publication: MUMBAI MIRROR Date : 09 NOVEMBER 2017
Malad residents' experience of keeping encroachers away is a Do-It-Yourself guide for other citizens
     

Escalate work on pending slum rehabilitation: Govt

Publication: DNA Date : 09 NOVEMBER 2017
The state, in a bid to give a much needed push for the completion of long pending 1,200 slum rehabilitation projects in Greater Mumbai, has proposed a slew of initiatives. Some of these projects will be tendered out by the state-run
     

Zero-garbage plan: Two Mumbai societies start segregating 90% of their waste within four days

Publication: HINDUSTAN TIMES Date : 09 NOVEMBER 2017
As housing societies in the city struggle to meet the standards for waste segregation and recycling, two residential buildings in Goregaon (East)

OTHER CITY NEWS

     

Cidco stuns market, puts on block 17 Seawoods flats for Rs 28,000 a sq foot

Publication: TIMES OF INDIA Date : 09 NOVEMBER 2017
Navi Mumbai:   Cidco has stunned the local property market by putting on the block17 flats in the upmarket Seawoods Estate at an unusually high rate of Rs 28,875 sq ft.

REALTY NEWS

     

Property slowdown: Builders in Mumbai shift focus to smaller-sized flats

Publication: HINDUSTAN TIMES Date : 09 NOVEMBER 2017
As the realty sector continues to struggle with the slowdown, builders are focusing more on 1 BHKs (bedroom hall kitchen) and studio apartments so as to suit the budget of homebuyers, a survey has revealed.
     

BoB undercuts SBI on home loan rates

Publication: TIMES OF INDIA Date : 09 NOVEMBER 2017
Bank of Baroda (BoB) has said that it will offer the cheapest home loans in the industry to top-rated borrowers.
     

CHANGE IN PREFERENCE - For NRIs, Office Realty Scores Over Residential

Publication: ECONOMIC TIMES Date : 09 NOVEMBER 2017
Nonresident Indians (NRIs) from the US and West Asia are now diversifying their asset exposure and investing more into commercial properties rather than residential due to high risk and imminent slowdown in the segment.
     

Realty firms roll out discounts to woo buyers for under-construction projects

Publication: MINT Date : 09 NOVEMBER 2017
Mumbai: As home buyers switch preference to ready-to-move homes to escape tax on under-construction properties, builders have started rolling out discounts and promotions to lure them back.
     

‘Realty focus will boost rank in ease of doing biz’

Publication: BUSINESS LINE Date : 08 NOVEMBER 2017
NEW DELHI, NOVEMBER 8: An increased focus on real estate will help India scale up its ranking in World Bank’s ease of doing business index in the coming years, says a new study by real estate services major JLL India.
     

Centre looking at bringing realty, power under GST

Publication: BUSINESS LINE Date : 08 NOVEMBER 2017
NEW DELHI, NOVEMBER 8: In a significant widening of the tax base of the Goods and Services Tax, the Centre and States will discuss including electricity and real estate within the ambit of the indirect levy.

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