11TH TO 13TH FEBRUARY 2017

If you cannot read this email, please click here



MCHI-CREDAI

11TH FEBRUARY 2017 NEWS

 MCHI NEWS

     

REALTY TREND - The BETTER HALF?

Publication: TIMES OF INDIA Date : 11 FEBRUARY 2017 PAGE: PROPERTY
A recently released report drew attention to the performance of the residential sector during H2 2016. We got some experts aboard to understand the impact of the findings on the real estate industry. Read on...
     

Real estate JUST GOT A LOT more AFFORDABLE!

Publication: TIMES OF INDIA Date : 11 FEBRUARY 2017 PAGE: PROPERTY
How will the granting of `infrastructure status' to the affordable housing sector revitalise the government's `Housing For All by 2022' mission? Let's understand from the experts...
     

CREDAI-MCHI Raigad setsbenchmarks

Publication: DNA Date : 11 FEBRUARY 2017 PAGE: PROPERTY
the Mumbai life festival & property expo at Neral witnesses 9,600 - plus visitors
     

 INFRA NEWS

     

Metro 3: HC wants detailed information on 5,000 trees

Publication: MUMBAI MIRROR Date : 11 FEBRUARY 2017 PAGE: 04
MUMBAI : The court wants to know from the project executing authorities if proper procedure was followed before arriving at the decision to fell the trees

 CITY NEWS

     

BJP MP bats for builder's project stalled by BMC

Publication: TIMES OF INDIA Date : 11 FEBRUARY 2017 PAGE: 01
MUMBAI : A Borivli builder against whom residents filed an online complaint with the Prime Minister's Office last year has got the local BJP MP and three corporators to pressure the BMC for his upcoming highrise project.
     

After Versova mangrove destruction case, Mumbai suburban collector ready with action plan

Publication: HINDUSTAN TIMES Date : 11 FEBRUARY 2017 PAGE: 04
MUMBAI : A day after HT reported that 53 bungalows at Versova are set to face police action for mangrove destruction, the Mumbai suburban collector said

 NAVI MUMBAI NEWS

     

GMR may bid for Navi Mumbai Airport

Publication: BUSINESS STANDARD Date : 11 FEBRUARY 2017 PAGE: 18
GMR Group may submit a bid for the Navi Mumbai airport following changes in airport project conditions. The changes in the project conditions have been made after GMR Group and Tata Realty raised concerns

 REALTY NEWS

     

Budget Sops Lure Premium Realtors to Affordable Space

Publication: ECONOMIC TIMES Date : 11 FEBRUARY 2017 PAGE: 08
BUILDING UP Availability of funds at lower cost, increase in flat size major attractions

12TH FEBRUARY 2017 NEWS

 NAVI MUMBAI NEWS

     

New airport: Cidco hopes for more than one bid tomorrow

Publication: DNA Date : 02 FEBRUARY 2017 PAGE: 05
As the “last and final“ deadline for the financial bidding of the Rs 16,000 crore Navi Mumbai airport project ends on Monday , Cidco, the nodal authority for the project, is hopeful of getting more than one bid.

 PARKING NEWS

     

FSI in lieu of parking: Only 13% slots handed over

Publication: TIMES OF INDIA Date : 02 FEBRUARY 2017 PAGE: 02
MUMBAI: At a time when the BMC is rolling out a stringen parking policy , a majority o public parking lots that were to be constructed in lieu of addi tional floor space index (FSI to builders have remained on paper.

 REALTY NEWS

     

After receiving flak, state to devise buyer-friendly real estate rules

Publication: MUMBAI MIRROR Date : 12 FEBRUARY 2017 PAGE: 02
MUMBAI: RERA's draft rules released in December had received 550 suggestions and objections from several groups
 

13TH FEBRUARY 2017 NEWS

MMRDA NEWS

     

Mahim Nature park: Governors oppose MMRDA’s revamp plan

Publication: THE INDIAN EXPRESS Date : 13 FEBRUARY 2017 PAGE: 04
The MUMBAI Metropolitan Region Development Authority’s (MMRDA) plan to redevelop Mahim’s Maharashtra Nature Park (MNP) has met with resistance from some in the park’s Board of Governors. Members fear that the execution of the proposed plan will damage the rich ecology of the park and also deviate from its original purpose..

 CITY NEWS

     

MCG mulls new scheme for commercial property tax collection

Publication: HINDUSTAN TIMES Date : 13 FEBRUARY 2017
Mumbai: As industries continue to be reluctant in paying property tax to the Municipal Corporation of Gurugram (MCG), the civic body is drafting a new scheme to encourage industrialists clear their dues.
     

Mumbai’s posh real estate surrounded by toxic water

Publication: HINDUSTAN TIMES Date : 13 FEBRUARY 2017
The city’s most expensive real estate areas are surrounded by high levels of water pollution, a study by the state pollution control board revealed.
     

Maha govt amends key contract labour law, trade unions upset

Publication: TIMES OF INDA Date : 13 FEBRUARY 2017 PAGE: 01
Mumbai: In a major reform of a key labour law, the Maharashtra government has issued a notification amending the Contract Labour (Regulation and Abolition) Act 1970 which will substantially reduce the number of establishments covered by this law in the state.
     

Maha plans dedicated regulator for co-operative housing societies

Publication: TIMES OF INDA Date : 13 FEBRUARY 2017 PAGE: 04
Mumbai: In a significant move that will ease handling of housing society affairs, the state government has proposed setting up a separate regulatory authority to oversee them and resolve grievances by drafting aseparate chapter dedicated to housing in the Cooperatives Act
 

REALTY NEWS

     

Demonetisation deals: Realtors in Punjab land in I-T net

Publication: E T REALTY Date : 13 FEBRUARY 2017
LUDHIANA: A significant number of property dealers, who deposited huge amount of unaccounted cash in their own bank accounts or their acquaintances post-demonetisation, has not been filing income tax returns for the past many years,
     

RBI tells banks to cut lending rates for corporates

Publication: E T REALTY Date : 13 FEBRUARY 2017
NEW DELHI: RBI governor Urjit Patel said on Saturday that banks should extend the benefit of lower interest rates beyond the retail sector, indicating that lenders should pare the cost of loans for companies.
     

Soon, you will get lower loan rate with home cover

Publication: E T REALTY Date : 13 FEBRUARY 2017
MUMBAI: Home buyers may soon get cheaper credit or more loans. All they need to opt for is property insurance.
     

Commercial realty perks up

Publication: FINANCIAL CHRONIC Date : 13 FEBRUARY 2017
Net office absorption in 2017 is expected to surge by 9 per cent with Hyderabad and Pune emerging as the new growth hubs.
 

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net