#RealtyNewsRoundUp: Govt Announces Construction & Demolition Waste Management Rules

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

The Ministry of Environment has come out with the Construction and Demolition Waste Management Rules. Under the new rules, dumping of waste on roadside and in drains will be strictly prohibited, and the local bodies will have to reuse 10-20 per cent of the waste in municipal and government contracts. This move is aimed to reduce dust, which contributes nearly 20 per cent to pollution in key metro cities of the country. Read more

In a recent report, released by Development Bank of Singapore (DBS), the Reserve Bank of India (RBI) is likely to go for a measured cut — of 25 basis points — in its monetray policy review next week. The ease in cut, according to DSB, will be driven by the recent bounce in global oil prices and the partial implementation of the Seventh Pay Commission Report. Read more

The state government has approved the transfer of 164 Haryana Urban Development Authority (Huda) residential sectors to municipal corporations for maintenance. Already hit with a stafff cruch, municipal corporations may find it difficult to deliver this additional responsibility.  Read more

The Noida Authority has decided that oweners who execute a registry deed and have their documents papers cleared before April 1 will not have to pay the raised stamp duty charges. This would be applicable for four months only. Read more