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Island city of Mumbai set to see more construction

Publication: THE INDIAN EXPRESS Date : 10 JANUARY 2018
Chief Minister Devendra Fadnavis has lifted curbs on floor space index (FSI) for construction in the island city, permitting more building rights for redevelopment of properties.

More vertical growth in Mumbai: Maharashtra approves extra 0.5 Floor Space Index

Publication: HINDUSTAN TIMES Date : 10 JANUARY 2018
In a major move, the Maharashtra government has approved additional 0.5 FSI (which determines buildable area on a plot) for the island city to be available on the payment of a premium —

Mumbai City gets 0.5 additional FSI by paying premium

Publication: THE ASIAN AGE Date : 10 JANUARY 2018
The 25 per cent premium collected would be used for the redevelopment of Dharavi and Bandra-Versova Sealink project.



Parking slot: Bldr gets RERA stick

Publication: DNA Date : 10 JANUARY 2018
Following a complaint to the Maharashtra Real Estate Regulatory Authority ( MahaRERA), a builder finally agreed to refund the amount collected from selling an open car parking slot. Regarding a project named Royal Residency C in Lalbaug,

RERA’s reach: Around 20,000 real estate projects registered – See Maharashtra, Noida, Gurgaon details

Publication: FINANCIAL EXPRESS Date : 10 JANUARY 2018
Around 20,000 projects across the country have been registered under the Real Estate (Regulation and Development) Act,



Affordable home-loans next threat to banks: Moody's-Icra report

Publication: ET REALTY Date : 10 JANUARY 2018
Even as a lot of thrust is being given to the affordable housing segment, a report has flagged concerns about the growing delinquencies in this segment, which are expected to continue in 2018.



City Metro project: PMO push for ‘Made in India’ coaches

Publication: DNA Date : 10 JANUARY 2018
Prime Minister Narendra Modi’s office is said to intervene over the tussle of having the coaches for upcoming Mumbai Metro be ‘Made In India’ under the central government’s ‘Make In India’ policy.



Forest encroaching on rise

Publication: THE ASIAN AGE Date : 10 JANUARY 2018
Mumbai: Thane’s forestland has seen the highest number of encroachment cases in Maharashtra in the last two years — 49,463 — according to the State Forest Annual Administration report of 2016-17.

Temple land up for development

Publication: THE ASIAN AGE Date : 10 JANUARY 2018
Mumbai: Intending to open up more land in the state, the state government has decided to open land belonging to temple trusts for development for public purposes, including education and health.

Flats allotted under Dharavi Sector-V redevelopment project

Publication: AFTERNOON Date : 10 JANUARY 2018
The additional floor space index to create additional housing stock to provide commercial incentive to developers for the redevelopment project is expected to be utilised for low and affordable housing



Govt to begin infra projects in eco-sensitive zones of Uttarakhand

Publication: HINDUSTAN TIMES Date : 10 JANUARY 2018
Apart from the road, the state government also wants to develop small hydro projects in the zone to provide livelihood options to locals.

NGT raises penalty on Pune's Goel Ganga Developers to Rs 190 crore for flouting green norms

Publication: ET REALTY Date : 10 JANUARY 2018
PUNE: The National Green Tribunal (NGT) bench here on Monday modified its September 27, 2016 judgment to enhance the environmental compensation cost imposed



Realty stocks' rally is riding on hope; brokerages to be bullish on sector

Publication: BUSINESS STANDARD Date : 10 JANUARY 2018
The BSE’s real estate index has been consistently outperforming the S&P BSE Sensex. In the past month, the Sensex grew 3.6 per cent, the realty index was up 11.9 per cent. And this is not a one-month phenomenon.

Piramal Fund in the process of investing Rs 1,500-2,000 crore in Wadhwa projects

Publication: ET REALTY Date : 10 JANUARY 2018
The investment, in Wadhwa Group’s portfolio of projects, will be made in the form of lease rental discounting that will refinance the developers’ existing debt facilities


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