Daily Real Estate News Digest (8th July 2019)

Maharashtra: Now, 51% consent enough for redevelopment of housing societies

Redevelopment of co-operative housing societies across the state can now be undertaken with consent from 51% of those owning apartments, as opposed to 70% earlier.


Primary markets emerge as major fund-raising source for realty firms

Real estate developers in India raised more funds from primary markets in the first half of 2019 than they did in a decade.


Co-operative housing societies get MahaRERA push

For realisation of the goal of ‘Housing for All’ and affordable housing, the FM announced a tax holiday on profits earned by developers of affordable housing. 


Omkar Developers cans its biggest slum redevelopment

The Parksite-Vikhroli project is spread across 125 acre, comprising of several slum societies and more than 40,000 residents. The reason behind this move is being attributed to activism, which the officials from the developers' side on condition of anonymity say is too hard to handle.



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