14TH AUGUST 2017

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MCHI-CREDAI

RERA NEWS

     

Rera, GST hit developers; realty launches could dip this festive season

Publication: BUSINESS STANDARD Date : 14 AUGUST 2017
New real estate launches could come down by 10-30 per cent on a yearly basis in key residential markets such as Mumbai, Gurugram and Bengaluru in the coming festive season.

NATIONAL NEWS

     

Scripting India's Urban Affairs

Publication: DNA Date : 14 AUGUST 2017
Urban development has been one of the key areas for the Narendra Modi-led government, since it came to power three years ago. The Ministry of Urban Development (MoUD),

CONTI...

INFRA NEWS

     

Metro III will see heavy curbs on bldg projects along route

Publication: TIMES OF INDIA Date : 14 AUGUST 2017
Building construction and redevelopment projects along the upcoming underground Metro III rail between Cuffe Parade and Andheri will now be regulated and controlled.
     

25,000-km highway project being fast-tracked

Publication: THE ASIAN AGE Date : 14 AUGUST 2017
The Rs 10 lakh-crore Bharatmala highway project will link major religious and tourist destinations, as well as roads in remote areas.
     

Kalbadevi building residents oppose inclusion in Metro 3 redevelopment plan in Mumbai

Publication: THE INDIAN EXPRESS Date : 14 AUGUST 2017
Jain Bhavan, a building with 26 occupants in Kalbadevi, received a notice from the MHADA on February 9, directing them to conduct structural repairs on their building as it was in a precarious condition.

CITY NEWS

     

Now, BMC plans to offer redevpt sops to buildings in flight path

Publication: TIMES OF INDIA Date : 14 AUGUST 2017
The BMC's draft Development Plan (DP) 2014-2034 now includes a proposal for the redevelopment of old buildings that fall in Mumbai's airport's “funnel zone“--the approach path of low-flying aircraft.
     

REDEVPT HIT - MMRC consultant seeks bldg curbs in 5 zones for safety

Publication: TIMES OF INDIA Date : 14 AUGUST 2017
Building construction and redevelopment projects along the upcoming underground Metro III rail between Cuffe Parade and Andheri will now be regulated and controlled.
     

South Mumbai society switches to solar power, saves Rs48,000 a month on electricity bills

Publication: TIMES OF INDIA Date : 14 AUGUST 2017
After adopting solar energy for their electricity requirements, a housing society in Grant Road in south Mumbai is paying Rs48,000 less every month for electricity — a 40% saving.

REALTY NEWS

     

Realty Likely to Attract $7b Investments in 2017

Publication: ECONOMIC TIMES Date : 14 AUGUST 2017
Rising institutional investor confidence and appetite for Indian real estate on the back of attractive asset valuations and a favourable regulatory environment are expected to push investments into the sector to $7 billion in 2017 from $6 billion in 2016, showed a report.
     

DLF's 40% Stake Sale in Rental Arm to GIC Enters Final Lap

Publication: ECONOMIC TIMES Date : 14 AUGUST 2017
The deal between the country's largest realty developer DLF and Singapore's sovereign wealth fund GIC for a 40% stake in DLF Cyber City Developers (DCCDL) has entered the final stages.

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