Daily Real Estate News Digest (20th May 2019)

Developers owe MHADA over Rs 100 crore as rent

Several developers owe the Maharashtra Housing and Area Development Authority (MHADA) over Rs 100 crore as rent for using its transit accommodation.

DNA

No progress in Highland Park, buyers go to Rera

Launched in 2012, the Ansals Highland Park project in Sector 103 has seen no construction work taking place in the last six months. More than 600 homebuyers are bearing the brunt now.

TOI

Land acquisition delays road projects, raises cost

The wait for land acquisition has delayed several projects including the widening of the Chennai-Tiruvallur High (CTH) Road, phase II of the Rajiv Gandhi Salai, East Coast Road from Thiruvanmiyur to Akkarai and Tambaram Eastern Bypass.

The Hindu

Tribunal grants interest on delayed possession

The Maharashtra Real Estate Appellate Tribunal (MREAT) has modified a MahaRERA order and directed the developer Forefront Property Developers Pvt Ltd to pay interest to a home buyer and adjust this amount against the remaining amount of Rs 57.40 lakh that needs to be paid for the flat in Forefront Primeria project in Vile Parle.

Mumbai Mirror

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