Realty News Roundup: CREDAI To Arrange B2B Meetings In Nashik & Mumbai; For Smart City, GMC Seeks Suggestions On Social Media

Realty News Roundup is PropGuide's selection of top stories from the real estate sector 

Top News 

The suicide note left by Pune-based developer Late Suraj Parmar may give troubles to four corporators in a corruption and extortion scandal, The Indian Express reported. Two Nationalist Congress Party (NCP) corporators, one Congress corporator and one Independent corporator are under the police scanner in the ongoing investigation. Parmar had shot himself at his under-construction building on October 7.

Maharshtra Chief Minister Devendra Fadnavis has warned that the nexus between developers, corporators and civic officials would not be tolerated in Maharashtra and strict action would be taken against those who flout norms or indulge in corruption, news agency PTI reported. Read more 

The Confederation of Real Estate Developers' Association of India (CREDAI) will conduct business to business (B2B) meetings with real estate brokers in Nashik and Mumbai, in order to boost the sluggish real estate sector in Nashik, The Economic Times reported. Around 4,000 ready flats are lying idle in the city due to lack of demand from consumers. Read more 

Off the front page

In what could be termed as a modern way of public participation in decision making, the Ghaziabad Municipal Corporation (GMC) has sought suggestions from residents through social media networks such as Facebook and Twitter for its smart city proposal, The Times of India reported. A meeting of residents' welfare associations (RWAs) was also held at the civic body's office in Navyug Market, which was attended by 50 RWA presidents. Read more

Sand prices have been on the rise in Bilaspur (Chhattisgarh) following the closure of 16 of 24 sanctioned sand mines of the districts due to expiry of their environmental clearance. The administration then convened a meeting. In a meeting of sarpanch and secretaries of village panchayats that have sand mines, along with suppliers and transporters the district administration has fixed sand prices at Rs 700 per tractor, Rs 2,000 per truck, and Rs 3,000 per Hiwa truck within the municipal limits, ET Realty reported. Read more