14TH TO 16TH JANUARY 2017

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MCHI-CREDAI

14TH JANUARY 2017 NEWS

MCHI NEWS

     

The primary real estate market will remain unaffected

Publication: DNA Date : 14 JANUARY 2017 PAGE: MONEY
The 99 acres Mumbai property capsul 2016 analyses key developments that took palce

PROPERTY SUPPLEMENT NEWS

     

CALLING all HOME BUYERS

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: PROPERTY
MUMBAI: It's a known fact that the real estate environment of Mumbai witnessed a few ups and downs in 2016
     

The CLUSTER THEORY

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: PROPERTY
MUMBAI: Wikipedia defines cluster development as `the grouping of residential properties on a develop ment site to use the extra land as open space or for recreationagriculture'.
     

Prediction 2017: expect transparency in property market; normalisation after 6 months

Publication: HINDUSTAN TIMES Date : 14 JANUARY 2017 PAGE: ESTATE
MUMBAI: It ‘s been almost two months since the government decided to ban Rs 500 and Rs 1000 notes, widely used for purchasing properties in black.

INFRA NEWS

     

Mumbai's new rakes likely to be AC under MUTP-III

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 09
MUMBAI: The railways will procure air-conditioned (AC) rakes for the suburban system under the Mumbai Urban Transport Project (MUTP-III)..
     

5,012 trees to be affected due to Metro III: RTI

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 09
MUMBAI: According to statistics provided by the MMRC, 30 per cent of the trees along the alignment which includes stations, entry and exit will be cut and 70 per cent of them will be transplanted in entirety

CITY NEWS

     

Green grid is now a concrete jungle, starved of open spaces

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 04
MUMBAI: Mulund West was one of the earliest planned suburbs of Mumbai, thanks to a visionary zamindar who approved the efforts of an architectural firm Ms Crown & Carter, which designed a gridiron plan that exists even today.

CONTI...

     

HC halts plan to redevelop slum next to Juhu airport

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 07
MUMBAI: The Bombay high court on Friday stayed all preparation to redevelop a slum area next to the Juhu airport..
     

Raze Matheran illegal structures: Green tribunal

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 09
MUMBAI: The National Green Tribunal (Pune) has ordered the Matheran Hill Station Municipal Council (MHSMC) to demolish all illegal constructions in the ecosensitive zone.
     

We will not allow a slum scheme on airport land: HC

Publication: HINDUSTAN TIMES Date : 14 JANUARY 2017 PAGE: 06
MUMBAI: We will not allow any slum rehabilitation scheme on any airport land, the Bombay high court said on Friday and prohibited authorities from carrying out any preparatory work for the purpose of rehabilitation of slum dwellers settled on Juhu airport land.
     

MMRDA wants new contractor to run monorail, invites bids

Publication: HINDUSTAN TIMES Date : 14 JANUARY 2017 PAGE: 05
MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) is looking for a new contractor to operate and maintain the country’s only monorail corridor.

REALTY NEWS

     

Real Estate demonetisation: Measuring the impact

Publication: THE INDIAN EXPRESS Date : 14 JANUARY 2017 PAGE: 17
MUMBAI: After note ban, a large number of buyers went off the market due to scarcity of cash and sellers can do little but wait. This will also result in the reduction of prices, thereby benefitting buyers.

 15TH JANUARY 2017 NEWS

 CITY NEWS

     

'Builders must compensate buyers if price rises and flat is not given on time'

Publication: HINDUSTAN TIMES Date : 15 JANUARY 2017 PAGE: 02
MUMBAI: The developer is bound to compensate the buyer of a flat on account of price rise if he/she fails to hand over the flat in time to the buyer, the National Consumer Commission held while ordering a builder to pay Rs5 lakh each to two Mira Road residents..
     

Drones to help build new Metro corridors in Mumbai

Publication: THE INDIAN EXPRESS Date : 15 JANUARY 2017 PAGE: 03
MUMBAI: The drones, attached with 360-degree cameras, will provide up to 3 millimetre accuracy,” says Senior MMRDA official
     

Higher tax breaks on home loans likely

Publication: TIMES OF INDIA Date : 14 JANUARY 2017 PAGE: 09
MUMBAI: The government is looking to provide higher tax incentives on home loans to boost demand and prop up the faltering realty sector which has been hit hard by demonetisation
 

REALTY NEWS

     

Sebi cuts broker fee, permits mutual funds to invest in REITs

Publication: FINANCIAL EXPRESS Date : 15 JANUARY 2017 PAGE: 01
MUMBAI: Mutual funds have been allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) that have been classified as hybrid instruments.

 16TH JANUARY 2017 NEWS

 CITY NEWS

     

10 acres of city's open space lost to textile museum

Publication: TIMES OF INDIA Date : 16 JANUARY 2017 PAGE: 01
MUMBAI: The state government has finally approved the setting up of a textile museum at Byculla
     

Navi Mumbai International Airport, hit by hurdles, is a long way from take-off

Publication: FINANCIAL EXPRESS Date : 16 JANUARY 2017 PAGE:11
MUMBAI: Building the Navi Mumbai International Airport (NMIA) is going to pose challenges on several fronts, it seems.

 REALTY NEWS

     

Real estate sector will need to be formalised

Publication: FINANCIAL CHRONIC Date : 16 JANUARY 2017 PAGE:06
MUMBAI: Top officials of several real estate developers across the country – from Chennai to Kolkata, from Hyderabad to Pune and Mumbai to Bangalore and the National Capital Region – say that even though the market took a big hit post demonetisation they foresee significant long-term gains, expecting all future deals to be through banking channels
     

Budget 2017: How to remove Made in India hurdles

Publication: FINANCIAL EXPRESS Date : 16 JANUARY 2017 PAGE:06
MUMBAI: The rate of Minimum Alternate Tax has more than doubled from 7.5% in 2007 to 18.5% currently, which is inhibiting manufacturing competitiveness
 

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