14TH MARCH 2017

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MCHI-CREDAI

 RERA NEWS

     

Pro-builder norms in state realty law junked after protest

Publication: TIMES OF INDIA Date : 14 MARCH 2017 PAGE: 01
Mumbai:The state government will this week finally approve the new Real Estate (Regulation & Development) Act (RERA), meant mainly to protect flat buyers from being short-changed by developers.

 DP NEWS

     

DP mulls chicken slaughterhouse for Mumbai

Publication: THE ASIAN AGE Date : 14 MARCH 2017 PAGE: 03
Mumbai: If the Brihanmumbai Municipal Corporation (BMC) has its way, then Mumbai will have its first slaughterhouse for chickens. Currently, the civic body is planning to provide land for the project in city’s new Development Plan (DP).
     

Mumbai’s Development Plan may be delayed

Publication: HINDUSTAN TIMES Date : 14 MARCH 2017 PAGE: 01
he draft Development Plan (DP) 203 may have to wait before it can be approved by the Brihanmumbai Municipal Corporation’s (BMC) newly elected representatives. The new general body of corporators, in which over 50% of them are unaware about the plan,

AFFORDABLE HOUSING NEWS

     

Affordable housing: Tax sops fail to woo large realty firms

Publication: FINANCIAL EXPRESS Date : 14 MARCH 2017
The government's tax incentives might have failed to coerce large real estate companies to shift gears in favour of affordable housing but mid-sized companies are rushing in.

DEMONETISATION NEWS

     

Luxury homes in some Mumbai areas see steep correction

Publication: HINDUSTAN TIMES Date : 14 MARCH 2017 PAGE: 01
Mumbai: The prices of new premium and luxury homes in certain pockets of Mumbai fell as much as 12% in the past two months after demonetisation impacted the real estate market, brokers and real estate advisors said.

INFRA NEWS

     

Mumbai Metro 3: Activists launch poster campaign to save trees

Publication: THE INDIAN EXPRESS Date : 14 MARCH 2017 Page: 04
ACTIVISTS FROM the Save Trees Group of South Mumbai came together Monday to stick posters on trees in the neighbourhood to raise awareness against felling of trees for the construction of Metro 3.
     

Mumbai Metro 3 work:  Residents of old SoBo buildings to shift to hotels

Publication: HINDUSTAN TIMES Date : 14 MARCH 2017 PAGE: 01
The Mumbai Metro Rail Corporation (MMRC), which is currently undertaking a pre-construction survey of buildings across the 33.5-km Colaba-Bandra-SEEPZ corridor,

 CITY NEWS

     

SGNP squatters’ relocation held up by lack of housing

Publication: THE HINDU Date : 14 MARCH 2017 PAGE: 03
Mumbai: For the last 44 years, Hariprasad Gadwa has been staying in Laugad, atop the hills of Sanjay Gandhi National Park (SGNP). A temporary worker, he built his hut on the park lining Kandivli.

REALTY NEWS

     

Property prices on a slide

Publication: ECONOMIC TIMES WEALTH Date : 14 MARCH 2017
Developers reworking marketing strategies, reducing effective cost of their property.

 

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