03RD &4TH JUNE 2018

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State government’s tweak to DP likely to cost Mumbai civic body Rs40,000 crore for amenities

Publication:HINDUSTAN TIMES Date : 03 JUNE 2018
The Brihanmumbai Municipal Corporation (BMC) may have to shell out nearly Rs49,000 crore to build public amenities like schools, dispensaries, municipal markets, amenities largely reserved on private land, 



As monsoons approach, MHADA releases list of seven most dangerous buildings in Mumbai

Publication: DNA Date : 03 JUNE 2018
Maharashtra Housing And Area Development Authority (MHADA) on Saturday released a list of seven most dangerous buildings in Mumbai.

MHADA lottery to begin by last week of June

Publication: DNA Date : 03 JUNE 2018
The chief officer of the Mumbai Board of Maharashtra Housing and Area Development Authority (MHADA) has announced that the advertisement for this year's MHADA lottery will be out by the last week of June



Country Garden, China's largest realty firm puts India plans on hold

Publication: BUSINESS STANDARD Date : 03 JUNE 2018
Country Garden, China’s largest property developer by sales has put on hold all its Indian real estate investments on hold due to pending approvals from the Chinese government, according to sources in the know.




Mumbai: New Regulations For Building Development Proposals From June 23

Publication: MID-DAY Date : 03 JUNE 2018
However, if builders want to place new plans before the civic body to avail the benefits of the 1991 regulations, then it won't be easy, as BMC has come up with a transition policy as well

Mumbai’s new development plan will come into effect from June 22

Publication: HIDUSTAN TIMES Date : 04 JUNE 2018
The Brihanmumbai Municipal Corporation (BMC) on Sunday issued a circular saying the city’s development plan (DP) 2034 will come into effect from June 22, following enquiries from architects and urban planners.




Publication: MUMBAI MIRROR Date : 04 JUNE 2018
The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that a letter of licence from a developer does not amount to giving possession to a home buyer in legal terms,



If bldr delays registration, he has to pay hiked stamp duty

Publication: TIMES OF INDIA Date : 04 JUNE 2018
Satyendra Singh Gangwar had applied to the U P Housing & Development Board for a house. On July 26, 1998, he was allotted MIG House No. A 1649 for a final price of Rs 1,58,964. The sale deed remained to be executed.

Higher FSI for suburban buildings in the offing

Publication: AFTERNOON Date : 04 JUNE 2018
The proposed new rules would be applicable to all buildings from Kurla to Mulund and Mankhurd in the eastern suburbs, and Housing Minister Prakash Mehta addressing media at Bandra to Dahisar in the western suburbs.

Residents, NGO work to make Mumbai’s Bandra Reclamation a zero-garbage zone

Publication: HIDUSTAN TIMES Date : 04 JUNE 2018
Bandra Reclamation is about to become a zero-garbage locality soon. After a year of work, citizens and activists have installed waste management amenities



Navi Mum airport to get a Santacruz-like hub in Nerul

Publication: TIMES OF INDIA Date : 04 JUNE 2018
Cidco has decided to soon tender a plot measuring 6.5 hectares in Nerul’s sector 27 for developing a residential-cum-commercial complex. The town planning body has tagged the project ‘Iconic City’ with the aim of creating

Indiabulls Realty Arm to Transfer 24 Acres in Panvel to MMRDA

Publication: ECONOMIC TIMES Date : 04 JUNE 2018
Mumbai: A unit of property developer Indiabulls Real Estate is transferring a 24-acre land parcel in Panvel near Mumbai to the Mumbai Metropolitan Region Development Authority (MMRDA)



PM Modi sets March 2019 deadline for online permission for buildings

Publication: ET REALTY Date : 04 JUNE 2018
NEW DELHI: PM Narendra Modi has set March 2019 as deadline for all municipalities to get online to grant permission for construction of buildings.

Mahindra Lifespace to launch 5 housing projects by next March

Publication: MINT Date : 04 JUNE 2018
Mahindra Lifespace CEO Anita Arjundas says the new residential projects, with around 2 million of space, will come up in Mumbai, Pune and Chennai

Rain hopes may douse rate flare-up

Publication: DNA Date : 04 JUNE 2018
Top bankers and economists do not expect the Reserve Bank of India (RBI) to pull the trigger in June to hike interest rates. With Moody's lowering the growth forecast marginally, RBI may desist from nipping the growth momentum that has just begun. The monetary policy committee (MPC)

Millennial homebuyers put price before size in Mumbai

Publication: DNA Date : 04 JUNE 2018
The younger generation seems to be more interested in affordability than size, given that 77 projects with compact units have been launched since 2013 in Mumbai Metropolitan Region, seven of them this year alone.


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