#RealtyNewsRoundup: All New Projects In Maharashtra Must Now Be Green

The Maharashtra government is going to amend the Development Control Rules to make it mandatory for all new constructions to follow green building guidelines. In case developers failed to comply with the new norms, their final occupation certificate could be withheld and notices could also be issued.

Must Read: All You Need To Know About The Green Highways Project

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The Rajasthan Urban Development and Housing Department has launched its official Real estate Regulatory authority (RERA) website. The state government has appointed additional chief secretary of urban development and housing department to head the regulatory body.

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The Central government has summoned top cement companies amid reports that the industry is attempting to jack up the prices of key construction materials. Union Minister Nitin Gadkari has warned the industry executives of initiating strict action against them if they were found involved in any unfair practices.

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Realty estate company Unitech Ltd has reported a net loss of Rs 291.25 crore for the fourth quarter ended March 2017. The company had posted a net net loss of Rs 483.54 crore in the year-ago period, the company said in a regulatory filing.

Source: Media reports