13TH & 17TH JULY 2018

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MCHI-CREDAI

13TH JULY 2018 NEWS

INFRA NEWS

     

Another threat to Mumbai’s green lungs? MMRDA plans 32-storey Metro HQ in Aarey

Publication: HINDUSTAN TIMES Date : 13 JULY 2018
A senior MMRDA official said the agency has sought a five-acre plot in Pahadi village, one of the 12 villages in the colony, to house a labour camp, a casting yard and Metro Bhavan.
     

Navi Mumbai airport Phase I cost escalates by 50% to Rs 135.6 billion

Publication: BUSINESS STANDARD Date : 13 JULY 2018
The first phase of Navi Mumbai airport will now cost Rs 135.6 billion, which is about 50 per cent higher than the earlier estimate of around Rs 90 billion made by the planning authority.

CITY NEWS

     

Worli BDD chawl facelift to uproot 625 trees

Publication: DNA Date : 13 JULY 2018
BDD chawl redevelopment, one of the biggest projects in Worli, will affect 625 trees, of which 253 will have to be axed and 372 will be transplanted.
     

Homebuyers may stay away from waterlogged Vasai-Virar region

Publication: DNA Date : 13 JULY 2018
The Vasai-Virar belt has been popular among low and middle income group homebuyers for affordable homes and train connectivity vis-à-vis other suburban areas.

14TH JULY 2018 NEWS

CITY NEWS

     

Housing societies in Mumbai may soon be able to conduct polls

Publication: HINDUSTAN TIMES Date : 14 JULY 2018
Housing societies that have fewer than 200 members may soon be able to hold their elections in the annual general meeting, every five years.

REALTY NEWS

     

From homebuyer to creditor!

Publication: AFTERNOON Date : 14 JULY 2018
The President of India recently signed an ordinance, amending the existing Insolvency and Bankruptcy Code(IBC), recognising homebuyers as creditors.

15TH JULY 2018 NEWS

CITY NEWS

     

Construction of BMC’s first public underground parking lot in the works

Publication: HINDUSTAN TIMES Date : 15 JULY 2018
The city is set to get its first underground parking lot which will be built by the civic body under Jhula Maidan in Mumbai Central’s Madanpura area. The project is expected to be completed in the next two years.
     

Affordable homes fail to appeal citizens, lie vacant in 7 cities

Publication: DNA Date : 15 JULY 2018
Around 2.37 lakh housing units (flats) across top seven cities belonging to the affordable housing segment (units priced less than Rs 40 lakh) were left unsold as of second quarter of 2018.
     

Maharashtra: Soon, a regulatory body for co-operative housing units

Publication: DNA Date : 15 JULY 2018
Soon there may be a Housing Regulatory Authority to deal with disputes pertaining to co-operative housing societies and its members. This is expected to be on the lines of Maharashtra Real Estate Regulatory Authority .
     

SRA puts brakes on HDIL ₹2,600cr project at BKC

Publication: TIMES OF INDIA Date : 15 JULY 2018
Mumbai: The Slum Rehabilitation Authority (SRA) has slapped a stop-work notice on builder HDIL’s ongoing construction of an 11 lakh-square-foot commercial office complex in Bandra-Kurla Complex (BKC)

OTHER CITY NEWS

     

Navi Mumbai airport phase 1 construction cost up by 50%

Publication: TIMES OF INDIA Date : 15 JULY 2018
Navi Mumbai: The cost of building a secondary airport for Mumbai has gone up by about 50% as Navi Mumbai airport’s first phase will now cost Rs 13,560 crore instead of the earlier estimate of Rs 9,000 crore.

16TH JULY 2018 NEWS

SRA NEWS

     

SIC to quiz SRA CEO on compliance of its order

Publication: DNA Date : 16 JULY 2018
In a one of its kind move, the state information commission (SIC) has taken a suo motu cognisance of non-compliance of its order. It has asked the chief executive officer

REALTY NEWS

     

Realty sector hoping for boost from implementation of Rera, festive season

Publication: BUSINESS STANDARD Date : 16 JULY 2018
With as many as 125,000 residential units up for sale over the next three years, the struggling realty sector is hoping for a combined boost from implementation of the Real Estate Regulatory Authority (Rera),
     

Indiabulls Housing Finance Ltd - Board to consider Q1 results & Interim Dividend on August 02, 2018

Publication: BUSINESS LINE Date : 16 JULY 2018
Indiabulls Housing Finance Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 02, 2018,

17TH JULY 2018 NEWS

CITY NEWS

     

Material suppliers to come under RERA lens

Publication: DNA Date : 17 JULY 2018
In a bid to ensure quality of construction, not just the promoter, but also suppliers and vendors of construction material will be made accountable for lapses as per the provisions of The Real Estate (Regulation and Development) Act, 2016 (RERA).
     

MHADA lottery to offer over 10,000 affordable homes in Maharashtra

Publication: DNA Date : 17 JULY 2018
A total of 10,532 homes in the state will be sold by Maharashtra Housing and Area Development Authority (MHADA) via lottery on August 19.

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