Real Estate News Update for October 09

Welcome to the latest edition of?ETRealty's daily newsletter,?RealtyDigest!?Through this especially curated newsletter, we aim to provide the latest real estate and allied industries' news, views, market trends, reports, video interviews and much more to help you navigate the world of real estate. Subscribe and Stay Tuned for daily updates!

Regulatory

Repair or demolish? Bombay HC to examine civic guidelines for unsafe buildings

MUMBAI: The legal tangle of Mehta Mahal, dubbed by the Bombay high court as one of the most disputed properties in south Mumbai, could determine if a local body's guidelines could "ever create enforceable rights in favour of private individuals".

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Industry

Implement old zoning policy for four-floor buildings in one month: Gurugram builders

GURUGRAM: Developers and residential plot owners on Sunday iterated their demand for the state to implement its policy allowing construction of four floors before Diwali to give relief to property owners and homebuyers.

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Regulatory

Illegal structure regularisation no right says Bombay HC, lifts stay on demolition

MUMBAI: The Bombay high court has lifted a stay on the demolition of a shop in the compound of a housing society in Jawahar Nagar, Goregaon (west), observing that people think regularisation of an unauthorised structure is a right.

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Housing Finance

Centrum Capital explores sale of its stake in housing finance business

MUMBAI: Centrum Capital, the financial services business led by Jaspal Bindra, is exploring a possible sale of its stake in its mortgage financing business - Centrum Housing Finance, two people aware of the development told ET.

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Industry

Mumbai: BMC sets up panel to probe into Goregaon SRA building fire

MUMBAI: The BMC commissioner has set up a committee to inquire into the fatal fire at Goregaon's Jay Bhavani SRA building in the wee hours of Friday on chief minister Eknath Shinde's directions.

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Industry

Godrej Properties' land deal in Nagpur faces one more case

NAGPUR: One more suit has been filed against Godrej Properties over the Rs227 crore realty deal last year for a 58 acre land parcel near Besa area of the city.

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