MHADA NEWS

Space-starved Mhada ready to pay bldrs construction cost for affordable houses

Publication: TIMES OF INDIA Date : 13 DECEMBER 2016 PAGE: 02

MUMBAI: For the first time, Mhada has offered to pay developers construction cost for building affordable houses.

 DEMONETISATION NEWS

BLACK OUT? - Cash crunch fails to depress BKC's office rentals market

Publication: TIMES OF INDIA Date : 13 DECEMBER 2016 PAGE: 04

MUMBAI: Demonetisation has not slowed down the commercial property market, at least in Bandra-Kurla Complex (BKC).

Demonetisation may reduce demand for rented properties

Publication: TIMES OF INDIA Date : 13 DECEMBER 2016 PAGE: 18

MUMBAI: Many , including salaried employees, have invested in a second house taking advantage of the availability of bank loans.

INFRA NEWS

DON'T TOUCH AAREY A TOI CAMPAIGN - `Ready to go to jail, but will oppose Metro site at Aarey'

Publication: TIMES OF INDIA Date : 13 DECEMBER 2016 PAGE: 07

MUMBAI: A Save Aarey campaigner organized a rally along with local adivasis on Monday to oppose Metro carshed and other development activities inside the Aarey Colony .

BY INVITATION - Metro shed in Aarey has city at a crossroads

Publication: MUMBAI MIRROR Date : 13 DECEMBER 2016  PAGE NO: 14

MUMBAI: The Mumbai Metro Rail Corporation's (MMRC) decision to set up a car shed in the eco-sensitive zone of the Aarey Milk Colony has seen one of the most vigorously contested campaigns

NAVI MUMBAI  NEWS

BANM CREDAI talks on Demonetisation - likely impact on Navi Mumbai Real estate

Publication: ET REALTY Date : 13 DECEMBER 2016  PAGE NO: property

MUMBAI: For the real estate sector, demonetisation is an excellent step. Despite the initial setback, it will boost the market in the next 1 year or more.

CITY  NEWS

Mumbai rentals rise as builders keep house prices high

Publication: HINDUSTAN TIMES Date : 13 DECEMBER 2016  PAGE NO: property

MUMBAI: While house prices stagnate due to low demand and rising inventories, the average rent in India’s financial capital Mumbai has risen by 26% between 2012 and 15..

  REALTY NEWS

Abbott Inks 15-year Lease Deal in Mumbai to Set Up its R&D Centre

Publication: ECONOMIC TIMES Date : 13 DECEMBER 2016 PAGE NO.: 08

 Abbott, one of the largest healthcare product companies in India, has picked up an entire under-construction building with over 1.60 lakh sq ft built-up area in the Andheri suburb of Mumbai to set up an innovation & development centre, said two persons familiar with the development  

PORTFOLIO EXPANSION - Piramal Fund Invests Rs 700 cr in Two City Commercial Properties

Publication: ECONOMIC TIMES Date : 13 DECEMBER 2016 PAGE NO.: 08

 Piramal Fund Management, the financial services arm of AjayPiramal-led Piramal Group, has deployed `  

Layoffs, salary cuts: Realtors on cost-cutting spree to save cash

Publication: BUSINESS STANDARD Date : 13 DECEMBER 2016 PAGE NO.: 10 

 They are looking at cutting down on everything - from salaries and marketing expenses to the number of jobs in their companies

As property prices, mortgage rates fall, home affordability near 10-yr high

Publication: FINANCIAL EXPRESS Date : 13 DECEMBER 2016 PAGE NO.: 01 

 Weak property prices and low mortgage rates are combining to push up affordability levels of consumers to a near-decade high.