Daily Real Estate News Digest (16th September 2019)

FM announces Rs 20,000 crore fund to provide last-mile funding for housing projects.

The government of India will contribute Rs 10,000 crore and roughly same amount will be contributed by outside investors.

ET Realty

Building with 22 flats, nine shops granted exemption from RERA.

The reason being the plot area on which the building is being constructed is less than 500 sq mts.

DNA

DLF sells 9 acres to American Express for Rs 300 crore .

The deal, at a little over Rs 32 crore an acre, is the costliest transaction in the neighbourhood that is about 16 km away from DLF Cyber City.

ET


Prestige Estates forays into NCR property market; to invest Rs 500 crore in housing.

Leading realty firm Prestige Estates Projects Ltd is foraying into the Delhi-NCR market and has tied up with local developer Ace Group to launch its first housing project in Noida with an investment of around Rs 500 crore on construction.

Business Today

Homebuyers' body asks PMO officials under CVC.

Home buyers’ body FPCE has urged the Prime Minister’s Office to bring officials enforcing the provisions of the Real Estate Regulation & Development Act (RERA) under the ambit of the Central Vigilance Commission.

ET

Ahmedabad civic body increases fees for BU permission copy by 900%.

Getting a building plan, or a copy of a building-use permission or a notification of the standing committee will be more expensive now.

ET Realty

NGT gives Goa government two months to finalise CZMP.

Goa is the only state that has not yet completed the CZMP.

ET Realty

Mumbai: Over 150 SRA beneficiaries in Malad take possession of their homes.

Malad SRA project ended in 2017 but remained unoccupied as authorities refused to allot flats to residents of mezzanine floors in slums despite the rule being amended last year. 

ET Realty

Bombay High Court to MahaRERA: Decide if RERA is applicable.

In a respite to the residents of the Wadala-based New Cuffe Parade apartments, the Bombay High Court has ordered the Adjudicating Officer or the judge of the Maharashtra Real Estate Regulatory Authority (MahaRERA) to decide if the provisions of the RERA law be invoked against Lodha developers in the ca­se.

Free Press

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