11TH JANUARY 2017

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MCHI-CREDAI

RR NEWS

     

Ready Reckoner 2017: Mumbai legislators oppose hike in RR rates

Publication: INDIAN EXPRESS Date : 11 JANUARY 2017 PAGE: 03
MUMBAI: A group of Mumbai legislators has opposed hike in the Ready Reckoner (RR) rates, the benchmark for real estate prices in the city.

INFRA NEWS

     

Mumbai-Ahmedabad bullet train finds a home at BKC

Publication: BUSINESS STANDARD Date : 11 JANUARY 2017 PAGE: 04
MUMBAI: Prime Minister Narendra Modi's ambitious Rs 99,000 crore Mumbai-Ahmedabad bullet train has crossed a major hurdle,
     

MMRDA to finalize contractors for trans-harbour link by May

Publication: TIMES OF INDIA Date : 11 JANUARY 2017 PAGE: 02
MUMBAI: The Mumbai Trans Harbour Link (MTHL) has gained traction as the MMRDA has initiated steps to appoint a contractor for the project, which is estimated to cost Rs 17,300 crore.
     

Govt to fast track green nod for infra projects

Publication: FINANCIAL CHRONIC Date : 11 JANUARY 2017 PAGE: 01
MUMBAI: The Centre plans to further fast track environment, forest and wildlife clearances processes for large projects as it looks to restart investment cycle in the infrastructure sector that has the potential to prop up the economy post-demonetisation.

 KNIGHT FRANK REPORT NEWS

     

Flat sales down by 39% in Oct-Dec: Knight Frank

Publication: TIMES OF INDIA Date : 11 JANUARY 2017 PAGE: 07
MUMBAI: Apartment sales in the Mumbai Metropolitan Region (MMR) in the second half of 2016 have been the worst in the last seven years, according to the Mumbai Real Estate report released by global property consultant,
     

Demonetisation takes sheen off real estate; 2016 sees lowest sales in 6 years: Knight Frank

Publication: INDIAN EXPRESS Date : 11 JANUARY 2017 PAGE: 03
MUMBAI: The fourth quarter of 2016 saw a significant drop by 44 per cent year on year and new launches fell by 61 per cent, the report said..
     

Home sales down 44% in Oct-Dec 2016

Publication: BUSINESS STANDARD Date : 11 JANUARY 2017 PAGE: 04
MUMBAI: Housing market came to a “complete standstill” during October-December 2016 on adverse impact of demonetisation as sales fell by 44 per cent in the eight top cities, lowest since 2010.
     

House buys fall to lowest in six years

Publication: FINANCIAL CHRONIC Date : 11 JANUARY 2017 PAGE: 01
MUMBAI: The story with the real estate sector, post the note-ban, appears grim. On a day when ratings agency Fitch revised down its GDP growth forecast for the financial year ending March 31 (FY17) to 6.9 per cent
 

REALTY NEWS

   

Housing sold to PropTiger in all-stock deal

Publication: TIMES OF INDIA Date : 11 JANUARY 2017 PAGE: 21
MUMBAI: After aprolonged search for a buyer, troubled online realty portal Housing has been sold to rival PropTiger in an all-stock deal..
     

PropTiger, Housing merge to make online realty giant

Publication: BUSINESS STANDARD Date : 11 JANUARY 2017 PAGE: 02
MUMBAI: PropTiger and Housing.com — two rivals in the housing sector — on Tuesday announced a merger to create what they claim is the largest online real estate services company in the country.
     

Should you go for housing schemes?

Publication: MINT Date : 11 JANUARY 2017 PAGE: 15
Housing schemes, especially the one launched by government agencies, are popular among end users because of location as well as price advantages. Here is what some experts have to say about them
     

PropTiger Arrives with a Roar, Checks into Housing

Publication: ECONOMIC TIMES Date : 11 JANUARY 2017 PAGE: 01
News Corp-backed real estate website PropTiger has merged with Housing.com in an all-stock deal, bringing to an end the contentious saga of the Mumbai startup and creating one of the country's largest digital platforms 
     

BUILDERS EXPECT REVIVAL IN NEXT FEW QUARTERS - Demonetisation Impact Hits Home, Sales Slump

Publication: ECONOMIC TIMES Date : 11 JANUARY 2017 PAGE: 01
Home sales fall 23% between July and Dec 2016; builders hold back on new launches
 

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