User: IIHSDELHI Topic: iihs_land_newsletter_v2
Category: All-Channels :: RERA
Last updated: Jan 26 2020 07:14 IST RSS 2.0
 
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RERA to impose 10% of project cost on builders 1.10.2017 TOI: Jaipur
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Low interest rates: Banks and real estate woo customers 1.10.2017 Deccan Herald - Supplements
Banks and the real estate industry are bullish on this festive season, as they have started seeing euphoria among home buyers. While banks are wooing customers with the lowest home loan interest rates, real estate companies are coming up with various offers to overcome stagnant sales in the past few months. Majority of both public and private sector banks charge home loan interest rate starting 8.35%. Home loans, which are taken after April 1, 2016, are linked to the bank's MCLR (Marginal Cost of Lending Rate). If it's women borrowers, some banks offer much lower interest-rates. Bank officials say although, home loan interest rates have witnessed a declining trend in the last few years, post demonetisation the rates have further dropped on account of excess liquidity in the banking system. "In recent times, with major banks reducing interest rates for savings accounts by 50 basis points, and stable inflation rates, we could see a marginal decline in interest rates in the next few months," says Rajan ...
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Jaipur: RERA will now impose 10% of the project cost on developers 1.10.2017 TOI: Jaipur
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LOOPHOLES: Builders of under-construction houses without sanctioned plans don’t have to register their projects 1.10.2017 Free Press Journal: Mumbai
Mumbai : With the onset of Real Estate Regulatory Authority (RERA) this year which aims to bring transperancy
Mumbai: After two years, MHADA lottery winners to get flat possession 30.9.2017 Free Press Journal: Mumbai
Mumbai: Two years after 232 lottery winners of Maharashtra Housing and Area Development Authority (MHADA)
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Real estate slowdown hits PMC, revenue from building permissions falls by 30 per cent 30.9.2017 Pune – The Indian Express
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Post-RERA Implementation: Data availability a tectonic shift for investors, buyers; to provide insight into realty projects 30.9.2017 India – The Indian Express
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Will buyers bite the offer bait? 30.9.2017 tribuneindia.com
Geetu Vaid Hope is riding high this festive season as market experts and developers are expecting buyers to shed their reluctance and finalise home deals. The slowdown hit sector is expecting a revival of sorts by the year end. According to CBRE South Asia Head, Residential Services India AS Sivaramakrishnan the sale volumes are likely to rise over the next couple of months. “Traditionally, the festive season is considered an auspicious time for buying properties. Developers use this time to launch schemes and offers, around their projects, to attract the end-user to boost sales," he adds. This being the first festive period after the implementation of major policy reforms of RERA and GST, the market experts are expecting better response from the prospective buyers. “We expect this festive season to do better than last year as developers are now offering a lot of freebies and discounts to clear their earlier stock as well as selectively launching new projects. There is sufficient unsold inventory in the ...
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Mumbai: RERA slammed for favouring developers 29.9.2017 Free Press Journal: Mumbai
Mumbai: After revoking and objecting to several provisions in the Real Estate Regulation Authority Act,
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Square Yards launches dedicated portal for property 'squareyards.ae' in UAE 29.9.2017 thehansindia3903
Need to amend RERA 29.9.2017 thehansindia3919
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RERA implementation moving at a snail’s pace 29.9.2017 Hindu: National
Only 1,449 projects have registered so far, putting the compliance rate at 36%
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Cement demand growth expected to be around 3.5-4% in FY18, says Icra 28.9.2017 News
ICRA expects the cement demand to rebound from the October-December quarter
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From an audio medium, we are transforming into an audio-video medium: Prashant Panday, ENIL 28.9.2017 ET: Opinion
Overall, most companies are reporting flat to plus 2-3% or minus 2-3% kind of revenue growth in the short run.
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Cement shares trade firm; ACC, Ambuja Cements up 3% 28.9.2017 News
India Cements, UltraTech Cement and Shree Cement were up in the range of 1% to 2% as compared to 0.06% rise in the S&P BSE Sensex at 01:35 PM.
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ICICI Bank launches cash back on EMIs for new home loan borrowers 28.9.2017 BusinessLine - Money & Banking
As part of its festive season offering, ICICI Bank on Thursday launched a new home loan which offers borrowers the benefit of one per cent cash back on every EMI for the entire tenure of the loan.
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Deposit Rs 1 crore for conveyance: RERA 28.9.2017 DNA: Money
In a first, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered a developer to deposit Rs 1 crore with a housing society when it gets conveyance. Housing experts believe that this will set a precedent that other developers will have to follow. While disposing of a case of Shrikant Pradhan versus Marvel Realtors and Developers Ltd, in connection with a project in Pune, the authority held two consent terms, of which one read, "The respondent (Marvel Realtors) ensures that at the time of conveyance of the project to the society, he will deposit Rs 1 crore in the society account." Conveyance implies transfer of ownership of the land on which the building stands from the owner to the society. It is the responsibility of the developer to get the conveyance, but they fail to ensure this in many cases. The state government also recently relaxed the deemed conveyance norms, allowing buildings without occupation certificate to get deemed conveyance by taking full responsibility. "Many ...
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Interest on refunds from builders adds to tax burden 28.9.2017 TOI: Home
In recent times, the Supreme Court and several high courts have come to the rescue of investors who have booked flats in projects that were delayed for years, with no sign of completion in sight.
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Motilal Oswal realty arm to invest Rs 1,000 cr in FY18 28.9.2017 All Specials Stories
The IREF-III has concluded 12 transactions across top six cities in the country
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DNA Money Investigation: Five months of Rera, realtors continue to fleece home buyers 27.9.2017 DNA: Money
Real Estate (Regulation and Development) Act has been touted as a panacea for all realty sector ills. It is meant to protect home buyers against irregularities, bring transparency, cut delays and enhance the confidence of the buyer. It has been five months for the Act to come into force and we decided to do a reality check how things have changed on the ground. Our investigation has found developers are still circumventing the customer-friendly law and cocking a snook at the newly-introduced strict rule book. Fight to finish Last month Kashmira police station in Dahisar, an extended Mumbai suburbs, booked directors and senior officials of DB Realty and its subsidiary Neelkamal Realtors Suburban Pvt Ltd for the delay in giving possession of apartments and alleged cheating in their residential project – DB Ozone. Construction for this project had commenced in 2009. "We were to get possession of our respective flats in 2014, with 12 months grace period which got over in December 2015. Then we received an ...
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