17TH TO 20TH AUGUST 2018

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MCHI-CREDAI

17TH AUGUST 2018 NEWS

RERA NEWS

     

Homebuyers take pending cases to Rera in first face-to-face meet

Publication: FINANCIAL EXPRESS Date : 11 AUGUST 2018
NOIDA: The Greater Noida bench of Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) met a group of 56

CITY NEWS

     

Maharashtra State Mulling Police Housing Projects In Big Cities

Publication: MID-DAY Date : 17 AUGUST 2018
The government was considering a proposal to provide houses to police personnel in cities such as Nagpur, Aurangabad, Nashik, Thane, Navi Mumbai and Pune
     

Mumbai: MHADA's Bandra office may be redeveloped into swanky tower

Publication: DNA Date : 17 AUGUST 2018
The MHADA headquarters located at the Bandra's Kalanagar, may soon turn into a new swanky building, with a corporate look. According to senior officials, the existing ground plus six storey building
     

Work at Aarey Milk Colony in Mumbai defies courts, says NGO; Metro body refutes charges

Publication: HINDUSTA TIMES Date : 17 AUGUST 2018
The Mumbai Metro Rail Corporation Limited (MMRCL) has been accused of violating the Supreme Court (SC) and National Green Tribunal (NGT) orders restraining it from constructing a car shed for the Metro-3 line in Aarey Milk Colony, Goregaon

REALTY NEWS

     

Indiabulls Real Estate drops after poor Q1 result

Publication: BUSINESS STANDARD Date : 17 AUGUST 2018
Indiabulls Real Estate lost 2.7% to Rs 146 at 11:17 IST on BSE after the company reported 5.31% fall in consolidated profit after tax to Rs 117.50 crore on 38.47% rise in revenue from operations
     

How Hyderabad’s office market is challenging Bengaluru’s top spot

Publication: MINT Date : 17 AUGUST 2018
Bengaluru: Hyderabad, a late-starter among property markets, is fast gaining momentum among investors, multinational occupiers and developers, giving its commercial office market a boost big enough to challenge Bengaluru’s top position.
     

Affordable housing racing ahead in realty sector

Publication: BUSINESS LINE Date : 17 AUGUST 2018
MUMBAI, AUGUST 16 One in every five houses sold in India now costs less than ₹25 lakh — the affordable category.

18TH AUGUST 2018 NEWS

INFRA NEWS

     

MMRDA sets aside Rs 1crore for fishermen hit by MTHL

Publication: THE ASIAN AGE Date : 18 AUGUST 2018
Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA) has set aside around Rs 1 crore for a capacity-building programme meant for the “livelihood restoration” of fishermen who would be affected by the MTHL

CITY NEWS

     

BMC cites FSI violations, scraps Campa Cola promoter’s lease

Publication: TIMES OF INDIA Date : 18 AUGUST 2018
Mumbai: In a significant twist to the Worli Campa Cola plot saga, an additional municipal commissioner has directed that promoter Pure Drinks’ 999-year lease be terminated.
     

City, suburbs finally get new CRZ rules

Publication: TIMES OF INDIA Date : 18 AUGUST 2018
Mumbai: Coastal zone regulation rules framed in 2011 will finally be implemented in five districts of the state. Under them, the CRZ has been relaxed to 100m from the high tide line for bay and creek areas, meaning several hundred plots in Mumbai are now officially out of CRZ.
     

Soon, legal water for illegal slum clusters

Publication: THE ASIAN AGE Date : 18 AUGUST 2018
Mumbai: Coastal zone regulation rules framed in 2011 will finally be implemented in five districts of the state. Under them, the CRZ has been relaxed to 100m from the high tide line for bay and creek areas, meaning several hundred plots in Mumbai are now officially out of CRZ.
     

Cuffe Parade project: No demolition of higher floors until next hearing in High Court

Publication: THE INDIAN EXPRESS Date : 18 AUGUST 2018
The ambitious project by the Lodha Group at Wadala had run into trouble after a group of homebuyers, who bought flats in the project, recently served legal notices to the developer as well as the Mumbai Metropolitan Region Development Authority.

REALTY NEWS

     

Massive affordable housing boost! Government plans to sanction 75 lakh houses before March 2019 under PMAY-U

Publication: FINANCIAL EXPRESS Date : 18 AUGUST 2018
The Ministry of Housing and Urban Affairs has set a target to sanction around 75 lakh houses till March 2019 under the Pradhan Mantri Awas Yojna (Urban),

19TH AUGUST 2018 NEWS

CITY NEWS

     

Only three functional trains, MMRDA needs 2 more to start Monorail services

Publication: DNA Date : 19 AUGUST 2018
While Mumbai Metropolitan Region Development Authority (MMRDA) has announced of re-starting Monorail services between Chembur and Wadala from September 01, but in reality only three trains out of the total nine are available.
     

60K apply for 9,018 flats as Mhada demand drops in Mumbai

Publication: HINDUSTAN TIMES Date : 18 AUGUST 2018
Housing experts blame Mhada for the situation.They claimed that high costs are being levied on houses, due to which the numbers of applicants have fallen.
     

Around 30% flight, train pax traffic may shift on road due to Mumbai-Nagpur Expressway: Report

Publication: DNA Date : 18 AUGUST 2018
Around 30 per cent of daily passenger traffic travelling via flight and train may shift their travel mode to the road, once the 701-km-long Mumbai-Nagpur Expressway

20TH AUGUST 2018 NEWS

MAHARERA NEWS

     

MahaRERA to start online payment mode

Publication: THE ASIAN AGE Date : 20 AUGUST 2018
Mumbai: In a bid to ease the process of complaint registration against unregistered projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) will soon introduce an online platform.

INFRA NEWS

     

Maha land hurdles: Bullet train may run only in Gujarat initially

Publication: TIMES OF INDIA Date : 20 AUGUST 2018
Mumbai: The bullet train may roll out in two phases as the National High Speed Rail Corporation (NHSRC) has been facing resistance in Maharashtra to acquire land for the ambitious project that
     

Mumbai recorded worst air in 2017 in past 19 years; experts blame infrastructure projects

Publication: HINDUSTAN TIMES Date : 20 AUGUST 2018
Particulate matter 10 (PM10) levels — solid and liquid particles less than 10 microns suspended in the air — were the highest in Mumbai in 2017 in the past 19 years, revealed data from the EnviStats 2018,

CITY NEWS

     

Mhada records decrease in number of applicants

Publication: THE ASIAN AGE Date : 20 AUGUST 2018
Mumbai: The Maharashtra Housing and Area Development Authority (Mhada) lottery applications have been closed with 65,000 applications, which is less than the applications received by the authority last year.

REALTY NEWS

     

Benagluru's top developers bid for L&T land in a deal worth Rs 8-10 bn

Publication: BUSINESS STANDARD Date : 20 AUGUST 2018
Top developers in Bengaluru such as Salarpuria Sattva have bid for a land parcel of 14 acres being sold by engineering and construction giant Larsen & Toubro (L&T) in the city, said sources.

 

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