17TH APRIL 2019

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MCHI-CREDAI

INFRA NEWS

     

‘Work on Coastal Road project continues despite HC’s restraining order’

Publication: HINDUSTAN TIMES Date : 17 APRIL 2019
Following petitions filed by activists, led by Wagh, and NGO Society for Improvement of Greenery and Nature, HC on Thursday restricted further land reclamation between Worli seaface and the Worli end of the sea-link.
     

Coastal road: Bombay High Court stops work; to pass its order on Thursday

Publication: HINDUSTAN TIMES Date : 17 APRIL 2019
The Brihanmumbai Municipal Corporation (BMC) objected, saying stopping work would result in a loss of ₹10 crore per day, but the bench said it would pass a reasoned order on Thursday.
     

Stop reclamation, maintain status quo on ongoing coastal road project work, Bombay HC tells civic body

Publication: THE INDIAN EXPRESS Date : 17 APRIL 2019
On Monday, a bench of Chief Justice Pradeep Nandrajog and Justice N M Jamdar was informed that over the weekend, there was “unprecedented” reclamation work,
     

Bombay HC stays Coastal Road work

Publication: THE ASIAN AGE Date : 17 APRIL 2019
Mumbai: The Bombay high court on Tuesday directed the state government and the Brihanmumbai Municipal Corporation (BMC) to stop work and maintain the status quo in connection with the reclamation in south Mumbai for the construction of the Coastal Road.

CITY NEWS

     

Best deal for citizens: A bigger, better Crawford market in South Mumbai

Publication: HINDUSTAN TIMES Date : 17 APRIL 2019
Paving the way for redevelopment of Crawford market, the Supreme Court (SC) recently dismissed a special leave petition (SLP) filed by the Crawford Market Association to get a builder to handle the project.

REALTY NEWS

     

PEs enter realty space vacated by cash-starved NBFCs

Publication: ECONOMIC TIMES Date : 17 APRIL 2019
MUMBAI: In the backdrop of sustained caution among Non-Banking Finance Companies (NBFCs) with their exposure to real estate, private equity firms are emerging as the largest source of funding to developers.
     

NBCC to submit revised bid to acquire Jaypee Infratech by April 25

Publication: MINT Date : 17 APRIL 2019
Lenders of Jaypee Infratech met on Tuesday and asked NBCC to submit their plan by April 25

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