EASE OF BIZ NEWS

BMC blames state, Centre for low ease-of-biz rank

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

MUMBAI: The BMC has accused the state revenue department of creating hurdles in its efforts to improve the city's global ranking for the ease-of-doing-business initiative and the Centre of imposing impractical

 INFRA NEWS

AIR TURBULENCE - Juhu runway extension may not ease burden on city's main airport

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

MUMBAI: Juhu airport is unlikely to help free up some precious flight slots at the cho ked Chhatrapati Shivaji International Airport (CSIA).

CITY NEWS

 Notice served for illegal constructions in Cong corporator’s bungalow

Publication: THE INDIAN EXPRESS Date : 14 DECEMBER 2016  PAGE NO: 04

MUMBAI: Mehta further informed the court that he had ordered an inquiry against officials who did not inform him about previous court orders regarding razing the illegal portions

 114 builders get SRA notice for 10-year delays

Publication: THE ASIAN AGE Date : 14 DECEMBER 2016  PAGE NO: 03

MUMBAI: Slum dwellers have been forced to live in transit camps despite these realtors getting permissions.

 Realtors to fix building defects for homebuyers: Maharashtra Government

Publication: THE ASIAN AGE Date : 14 DECEMBER 2016  PAGE NO: 03

MUMBAI: The state government has released draft rules under the Real Estate (Regulation and Development Act (RERA), 2016..

DEMONETISATION  NEWS

Expert speak: Demonetisation and property rates

Publication: LIVE MINT Date : 14 DECEMBER 2016  PAGE NO: 15

MUMBAI: Property prices are often under-reported to save on stamp duty and capital gains tax, and the part above the circle rate is paid in cash.

Demonetisation and its impact on GDP growth

Publication: LIVE MINT Date : 14 DECEMBER 2016  PAGE NO: 17

MUMBAI: The dent in India’s GDP growth may be larger than anticipated and recovery may take three to four quarters.

WPI inflation hits 2-year high of 3.74 per cent in August

Publication: THE ASIAN AGE Date : 14 DECEMBER 2016  PAGE NO: 13

MUMBAI: Overall, the food inflation basket showed some moderation with inflation at 8.23 per cent in August, against 11.82 per cent in July..

  REALTY NEWS

DLF may Split 40% Stake Sale in Arm Between GIC & Blackstone

Publication: ECONOMIC TIMES Date : 14 DECEMBER 2016 PAGE NO.: 10

 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  

Office Realty in Demand, but Home Sales Fall

Publication: ECONOMIC TIMES Date : 14 DECEMBER 2016 PAGE NO.: 10

 India's office real estate market stayed positive while residential sales across the country fell sharply since early this year.Higher corporate demand and reduced Grade-A supplies have pushed upwards the rental of commercial properties across the country