12TH JULY 2017

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MCHI-CREDAI

 SRA NEWS

     

Housing min OKs windfall SRA proposal for builder

Publication: TIMES OF INDIA Date : 12 JULY 2017
State housing minister Prakash Mehta has sanctioned an SRA proposal which allows extra building rights granted to slumdwellers at the MP Mill Compound in Tardeo

 RERA NEWS

     

States asked to roll out RERA by July 30 to prevent default

Publication: FINANCIAL EXPRESS Date : 12 JULY 2017
Urban development minister Venkaiah Naidu has urged states to take immediate action towards the implementation of the Real Estate (Regulation and Development) Act

INFRA NEWS

     

BMC’s coastal road plan gets nod, travel from Princess Street flyover to Priyadarshani Park under sea

Publication: HINDUSTAN TIMES Date : 12 JULY 2017
A high-court appointed committee overlooking the Marine Drive precinct gave its in-principle nod to the coastal road project,

 CITY NEWS

     

Builder usurps BMC plot, submits plan to construct 39-storey tower

Publication: TIMES OF INDIA Date : 12 JULY 2017
Attempts by a builder appointed by a housing society to encroach on a BMC land and gain incentive to construct additional floors in a redevelopment project at Oshiwara have been foiled by civic officials.
     

Mumbai’s mill land amendment: Maharashtra govt’s move may open 130 acres for public use

Publication: HINDUSTAN TIMES Date : 12 JULY 2017
The state government’s move to amend the controversial Development Control Regulations (DCR)
     

In 4 years, 94,000 mangrove saplings died in Mumbai

Publication: HINDUSTAN TIMES Date : 12 JULY 2017
Although the Maharashtra government wants to plant 50 lakh mangrove saplings by 2019 to revive degraded wetlands, more than 94,000 saplings planted
     

Maharashtra government may not be able to make Mumbai slum-free by 2022

Publication: HINDUSTAN TIMES Date : 12 JULY 2017
The Bharatiya Janata Party (BJP)-led Maharashtra government is lagging far behind its ambitious target of making Mumbai slum-free by 2022.
     

Builder won't sell flats to convicts in Goregaon project

Publication: DNA Date : 12 JULY 2017
A builder in the city intends to not sell flats to individuals convicted for an offence relating to moral turpitude, or any other offence that attracts a sentence of more than six months.
     

BMC's FSI-for-parking plan inches towards goal at a snail's pace

Publication: DNA Date : 12 JULY 2017
The Brihanmumbai Municipal Corporation's (BMC) inventive FSI-for-parking scheme has taken quite a while to show promise — which is about nine years.

OTHER CITY NEWS

     

250ha forest land handed over for new airport project

Publication: TIMES OF INDIA Date : 12 JULY 2017
Nearly 250 hectares of forest land in Raigad has been handed over to Cidco for the Rs 15,000 crore Navi Mumbai airport, giving a new boost to the project as now, the developers can start land-filling activities.
     

Centre asks Navi Mumbai SEZ, State govt to sort out all issues by August

Publication: BUSINESS LINE Date : 12 JULY 2017
NEW DELHI, JULY 11: The Centre has served an ultimatum to the Maharashtra government asking it to sort out “operational and regulatory’’ issues with Navi Mumbai SEZ
     

Maharashtra sets aside 250 hectares of forest land for Navi Mumbai airport

Publication: HINDUSTAN TIMES Date : 12 JULY 2017
Having secured a Union government clearance to handover forest land for the proposed Navi Mumbai airport after much delay, the state government has formally set aside 250 hectares of forest land in Raigad district

REALTY NEWS

     

Tata Realty plans Rs 3,000 crore InvIT for road projects in 2017

Publication: BUSINESS STANDARD Date : 12 JULY 2017
Tata Realty & Infrastructure, a unit of Tata Sons, is planning to float an infrastructure investment trust (InvIT) for its road projects this year and could raise Rs 3,000 crore through it.
     

CPPIB is top real estate investor in India in the first half of 2017

Publication: MINT Date : 12 JULY 2017
Bengaluru: Canada Pension Plan Investment Board (CPPIB) emerged as the top real estate investor in the January-June period this year, as overall private equity and debt investments in the sector touched $1,597 million.

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