10TH TO 12TH NOVEMBER 2018

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MCHI-CREDAI

10TH NOVEMBER 2018 NEWS

INFRA NEWS

     

Mumbai to get 35 new pay-and-park lots before end of year

Publication: HINDUSTAN TIMES Date : 10 NOVEMBER 2018
After a failed attempt to find bidders for the maintenance of 35 pay-and-park lots across Mumbai, the Brihanmumbai Municipal corporation (BMC) has refloated the tenders for these lots.
     

As parking under Bandra green cover gets push, locals see red

Publication: TIMES OF INDIA Date : 10 NOVEMBER 2018
Mumbai: The BMC proposal for an underground parking lot below the Raosaheb Patwardhan Garden adjacent to Linking Road in Bandra has inched closer to reality with
     

Mumbai’s local trains enter new territory with Nerul-Belapur-Kharkopar railway corridor

Publication: HINDUSTAN TIMES Date : 10 NOVEMBER 2018
With the inauguration of the Nerul-Belapur-Kharkopar corridor on Sunday, the 465-km Mumbai suburban railway network entered a new region in Raigad district.

CITY NEWS

     

BMC chief: Amend land acquisition lawst

Publication: TIMES OF INDIA Date : 10 NOVEMBER 2018
Mumbai: Municipal commissioner Ajoy Mehta wants the state government to amend laws governing acquisition of lands reserved for public purposes, like recreational ground, playground and hospital, after the BMC lost a slew of court cases against plot owners.
     

BMC writes to urban development dept, seeks autonomy in land acquisition cases

Publication: THE INDIAN EXPRESS Date : 10 NOVEMBER 2018
One of the key reasons that the BMC lost the Jogeshwari plot is because the High Court had ruled that the civic body had not declared its intention for acquiring the land.

REALTY NEWS

     

Brand-name realtors snap up languishing projects, stressed assets

Publication: BUSINESS STANDARD Date : 10 NOVEMBER 2018
In stressed realty markets such as the National Capital Region and Mumbai, big players are going for outright land acquisition, joint ventures, and joint development agreements, as liquidity from non-banking finance companies for the sector dries up.
     

NBFC fund crunch begins to hit real estate sector

Publication: TIMES OF INDIA Date : 10 NOVEMBER 2018
New Delhi: Home buyers and real estate developers are facing a fund crisis, despite the RBI’s recent measures to increase bank credit to non-banking finance companies (NBFCs) and housing finance companies (HFCs).
     

Govt to sell enemy property shares valued at ₹3k crore

Publication: TIMES OF INDIA Date : 10 NOVEMBER 2018
New Delhi: The government on Thursday decided to begin sale of shares that are part of “enemy property” belonging to individuals and entities who left India at the time of Partition.

11TH NOVEMBER 2018 NEWS

CITY NEWS

     

Metro work delays road repairs

Publication: THE ASIAN AGE Date : 11 NOVEMBER 2018
Mumbai: As Diwali is over, the Brihanmumbai Municipal Corporation (BMC) is poised to undertake reconstruction and resurfacing of majority of the roads in the city.

REALTY NEWS

     

Rajan: Notebandi & GST hit India’s economic growth

Publication: TIMES OF INDIA Date : 11 NOVEMBER 2018
Washington: Demonetisation and the Goods and Services Tax (GST) were the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan said on Friday,
     

नोटबंदी, जीएसटी से डगमगाई देश की अर्थव्यवस्थाः रघुराम राजन

Publication: NAVBHARAT TIMES Date : 11 NOVEMBER 2018
रघुराम राजन ने देश की अर्थव्यस्था के पटरी पर से उतरने के लिए जीएसटी और नोटबंदी को जिम्मेदार ठहराया है। उनका कहना है कि मौजूदा विकास दर देश के पर्याप्त नहीं है।
     

Cash ban, GST held back India’s economic growth, says former RBI governor Raghuram Rajan

Publication: HINDUSTAN TIMES Date : 11 NOVEMBER 2018
Raghuram Rajan’s comments came a day after the second anniversary of the demonetisation decision, which has become an occasion for the opposition to renew criticism of the government.

12TH NOVEMBER 2018 NEWS

INFRA NEWS

     

CR gets fourth corridor, turns Mumbai into ‘MahaMumbai’

Publication: TIMES OF INDIA Date : 12 NOVEMBER 2018
Navi Mumbai: Mumbai is now ‘MahaMumbai’ with the commissioning of the first phase of the Nerul-Belapur-Uran railway corridor, Central Railway’s fourth corridor,
     

Construction on 150 NH projects yet to kick off

Publication: TIMES OF INDIA Date : 12 NOVEMBER 2018
New Delhi: Construction work is yet to commence on at least 150 national highway (NH) projects, covering over 5,000 km, which were awarded during the last fiscal due to several reasons, including non-availability of land,

CITY NEWS

     

BMC: 98 per cent of household waste now collected at doorstep

Publication: THE INDIAN EXPRESS Date : 12 NOVEMBER 2018
According to the latest data, BMC workers are currently collecting garbage from almost all households across the city, with only 2 per cent households yet to be covered under the scheme.
     

Redeveloped highrise did not have fire safety system

Publication: TIMES OF INDIA Date : 12 NOVEMBER 2018
Mumbai: The highrise residential building where a blaze erupted on Saturday night did not have its fire fighting systems in place, said officials from the Mumbai Fire Brigade.
     

BMC identifies places to treat dry waste

Publication: THE ASIAN AGE Date : 12 NOVEMBER 2018
The civic body has issued global tenders for the disposal of dry waste generated in the city by the processing/recycling methods.
     

326 ha of wetland in Kharghar identified

Publication: THE ASIAN AGE Date : 12 NOVEMBER 2018
The citizens of Navi Mumbai have identified around 326 hectares of wetlands and mangrove areas in Kharghar, in a first of a kind wetland database.

REALTY NEWS

     

Strong banks needed to boost credit, liquidity, says Arun Jaitley

Publication: THE INDIAN EXPRESS Date : 12 NOVEMBER 2018
Jaitley said there is a need to bring down non-performing assets (NPAs) in the banking system in order to strengthen the banking system and support growth.

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