Daily Real Estate News Digest (30th November 2018)

Lodha may raise Rs 700 crore from Canadian-fund CDPQ for Palava city

Lodha Developers is likely to raise Rs 700 crore from Canadian pension fund CDPQ for the development of its ongoing 4,500-acre integrated township 'Palava City' near Mumbai

ET Realty

Notices issued to Shapoorji, Jaypee, Gulshan Homz, others for violating NGT norms

The district administration has issued notices to 11 developers for violating NGT norms in construction sites in Noida and Greater Noida.

ET Realty

Town planning dept to prepare GIS-based development plan for Kozhikode

Regional Town and Country Planning office here will begin socio-economic survey in the Kozhikode corporation limit. The survey will be carried out to prepare a comprehensive City Development Plan covering 75 corporation wards.

ET Realty

Keep aside parking space in building plan of houses in Punjab

The recently notified Punjab Municipal Building Bylaws of 2018 have made it compulsory for applicants to include parking space in the building plan of all houses, even if they are under 100 square metres.

ET Realty

NGT directs MoEF to file report on Aravali land where realtor cut 6,000 trees

The National Green Tribunal directed the ministry of environment, forests and climate change to submit the final report on the status of a 52-acre Aravali land where trees were felled allegedly by a realty firm, within three weeks. 

ET Realty

Pune civic body reduces penalty on unauthorised properties

The PMC has decided to reduce the penalty charged on these properties. Houses, which are smaller than 1000 sq ft will have to pay only 1.5 times tax as a penalty as compared to three times tax as earlier proposed.

ET Realty

Can East Kidwai Nagar project be scaled down? HC asks for a review

Can the East Kidwai Nagar redevelopment project be scaled down, Delhi high court sought to know on Wednesday as it continued its interim stay on handing over commercial space allotments.

ET Realty

Coimbatore: TNSCB to start work on new housing unit at Sidhapudhur in a month

The Tamil Nadu Slum Clearance Board will reconstruct its decades-old housing unit at Sidhapudhur at a cost of Rs 19.04 crore. The construction work is expected to commence within a month.

ET Realty

Ordinance for redevelopment of Gujarat housing board societies approved

The Gujarat cabinet cleared an ordinance to amend the Gujarat Housing Board Act, 1961, to allow redevelopment old housing societies developed by the Gujarat Housing Board.

ET Realty

Realtors can't lure investors by promising 'assured returns': H-RERA

Haryana Real Estate Regulatory Authority (H-Rera) is going to issue notices to developers who are trying to lure people to invest in their residential and commercial projects, promising “assured returns”.

ET Realty

RBI eases rules to improve cash flows of housing finance companies

Reserve Bank of India has eased rules to help housing finance companies tide over liquidity tightness ahead of its next board meeting which is expected to thrash out concerns over liquidity squeeze.

ET Realty

'28.5% higher area sold in Apr-Sep indicating realty revival'

As much as 14.7 million square feet of area was sold during April-September, registering a 28.8 per cent growth as compared to the same period year ago, indicating a revival in the realty sector.

Business Standard

Realty JV developing SRA project in Mumbai under I-T dept scanner

A realty joint venture of Giraffe Developers Pvt Ltd, an associate firm of Hubtown Ltd, has come under the scanner of the Income-Tax department with tax authorities allegedly unearthing “bogus expenditure” of about Rs 120 crore in the books of the joint venture

Indian Express

Now pay slightly more for Mhada affordable homes

One per cent increase in stamp duty will also affect affordable homes given out by the Maharashtra Housing and Area Development Authority (Mhada) through its 2018 lottery.

Asian Age

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