14TH JUNE 2018

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MCHI-CREDAI

PMAY NEWS

     

Housing for all scheme: Now, carpet area up to 2,100 sq ft is eligible for interest sop under PMAY

Publication: BUSINESS LINE Date : 14 JUNE 2018
Our Bureau The Centre has increased the carpet area of houses eligible for interest benefit under the PM Awas Yojna (PMAY) for the middle-income group ( MIG)

INFRA NEWS

     

Second Metro corridor in South Mumbai to cost Rs 571 crore/ km

Publication: DNA Date : 14 JUNE 2018
The project cost of a second Metro corridor in south Mumbai, connecting Wadala with CST, will be around Rs 571 crore per km, according to Mumbai Metropolitan Region Development Authority (MMRDA).

CITY NEWS

     

Govt rapped over move to acquire pvt plot in Powai

Publication: TIMES OF INDIA Date : 14 JUNE 2018
Mumbai: In a landmark order protecting the rights of private land owners, the Bombay high court on Wednesday struck down the Maharashtra government’s decision
     

‘HIKING CARPET AREA OF MIG FLATS A GOOD MOVE’

Publication: MUMBAI MIRROR Date : 14 JUNE 2018
Realty industry welcomes decision; says homes now within reach of more buyers.
     

Mumbai's Dhobi ghat slumdwellers will be given adequate space: Developer

Publication: DNA Date : 14 JUNE 2018
The residents of Dhobi ghat, that is under going redevelopment, sent a letter to developer Omkar Realtors last month, seeking clarity on how many storey tower developer is planning to build.

REALTY NEWS

     

Harsh Goenka buys Malabar Hill duplex for Rs 45 crore

Publication: ET REALTY Date : 14 JUNE 2018
The deal values the 18th and 19th floors of the duplex apartment in the tower IL Palazzo at over Rs 1.29 lakh per sq ft on carpet area basis, surpassing earlier benchmarks
     

Not all homebuyers to get first claim on liquidation proceeds

Publication: LIVE MINT Date : 14 JUNE 2018
All financial creditors—both secured and unsecured—have equal rights in deciding a turnaround plan for a bankrupt builder, but if the firm slips into liquidation, they are no longer equal in the priority list for asset sale proceeds
     

Oberoi Realty launches QIP to raise ₹1,200 crore

Publication: LIVE MINT Date : 14 JUNE 2018
Mumbai: Real estate developer Oberoi Realty Ltd on Wednesday said it is raising capital from large investors through a qualified institutional placement (QIP), the company said in a filing to stock exchanges.

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