16TH FEBRUARY 2017

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MCHI-CREDAI

 MCHI NEWS

     

BDD chawl redevelopment receives no bids

Publication: MUMBAI MIRROR Date : 16 FEBRUARY 2017
Fate of 206 chawls in central and south central Mumbai to be delayed further; deadline extended
     

What infra status for affordable housing means to real estate

Publication: MUMBAI MIRROR Date : 16 FEBRUARY 2017
The Union Budget 2017 speech by Arun Jaitley, Finance Minister (FM) has been touted as progressive and growth-oriented by industry stakeholders.

 INFRA NEWS

     

No option but to cut trees for Metro-III: MMRCL

Publication: TIMES OF INDIA Date : 16 FEBRUARY 2017 PAGE: 02
MUMBAI: A day after chief minister Devendra Fadnavis assured residents of minimal loss to the city's green cover for the Metro-III project, Mumbai Metro Rail Corporation Ltd (MMRCL) bluntly told the same group of citizens that there was no way the trees can be saved.
     

NOISE CONCERNS - Cuffe Parade residents see red over 24|7 metro work plan

Publication: TIMES OF INDIA Date : 16 FEBRUARY 2017 PAGE: 02
MUMBAI: Cuffe Parade residents, who have vociferously spoken up against chopping of trees in their locality for MetroIII, are aghast that the authorities have sought permission to continue construction work for the project right through the night..
     

1,090 trees will be saved from the axe for Metro-3 work in Mumbai

Publication: HINDUSTAN TIMES Date : 16 FEBRUARY 2017 PAGE: 01
MUMBAI: The Mumbai Metro Rail Corporation Limited (MMRCL) said it has been asked by the city’s civic body to spare 1,090 trees that were among the 3,891 to be cut or transplanted to make way for construction of the Colaba to SEEPZ (Metro 3) line.
     

Twin Metro projects run into loan hurdle

Publication: MUMBAI MIRROR Date : 16 FEBRUARY 2017 PAGE: 08
MUMBAI: Two key Metro lines are likely to miss the 2019 commissioning deadline with the state govern ment refusing to act as a guaran tor for international loans that Mumbai Metropolitan Region Development Authority (MMRDA) wants to take for the projects..

 OTHER CITY NEWS

     

Cidco studying interim report on 3 lines of Metro project

Publication: MUMBAI MIRROR Date : 16 FEBRUARY 2017 PAGE: 08
NAVI MUMBAI: Rail India Technical and Economic Service (RITES)—a government undertaking specializing in railway and other transportation services—has submitted an interim detailed project report (DPR) on three lines of Cidco's Metro project (24.6km) for Navi Mumbai.
 

REALTY NEWS

     

Acing online real estate battle

Publication: BUSINESS STANDARD Date : 16 FEBRUARY 2017 PAGE: 05
Buying a house is a big-ticket purchase and renting one is time-consuming. If not that, the real estate industry is weighed down with issues such as lack of trust and transparency.
     

Realty Queries - There're No Tax Benefits on Buying an Affordable House

Publication: ECONOMIC TIMES Date : 16 FEBRUARY 2017 PAGE: 13
I have two home loans. As I understand, the Union Budget has has restricted set-off of loss towards second home to Rs 2 lakh in a financial year.
     

THE ECONOMIC TIMES INDIA INFRA SUMMIT 2017 - Govt to Give Tax Benefit to First-time Home Buyers

Publication: ECONOMIC TIMES Date : 16 FEBRUARY 2017 PAGE: 15
GAME CHANGER Scheme expected to be notified shortly and will be effective from Jan 1'17
     

ET Q&A - `Affordable Housing to Get Better Returns Now'

Publication: ECONOMIC TIMES Date : 16 FEBRUARY 2017 PAGE: 16
The recent reforms in real estate sector through Real Estate Regulatory Act (RERA), demonetisation and the Budget proposal to accord infrastructure status to affordable housing are expected to bring the much-needed discipline in the sector,
     

Piramal Bets Big on Commercial Flexi Lease

Publication: ECONOMIC TIMES Date : 16 FEBRUARY 2017 PAGE: 16
Piramal Fund Management (PFM), the financial services division of Piramal Enterprises, has sanctioned investments worth about ` . 2,000 crore within three months of launching flexi lease rental discoun ting (LRD) for completed commercial assets, including offices and retail space.
 

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