MCHI NEWS

CREDAI – MCHI FIRST TO DONATE GENEROUSLY TOWARDS KOLHAPUR FLOOD RELIEF

Publication: DAILY NEWS Date : 17 AUGUST 2019

Mumbai: A city on the banks of the Panchaganga River, in the west Indian state of Maharashtra – Kolhapur is in the grip of worst floods of the century, which has brought human lives to a standstill with lakhs of people remaining stranded in remote corners and on the roof tops.

CITY NEWS

‘Gorai mangrove park to be ready by 2021’ : State mangrove cell

Publication: HINDUSTAN TIMES Date : 17 AUGUST 2019

The city will get its first eight-hectare, solar-powered mangrove park in Gorai by July 2021, said the state mangrove cell. On Friday, Union minister Nitin Gadkari laid the foundation stone (bhoomipoojan) for the Rs 25-crore project at Atal Smriti Udyan, Borivli.

Waiting for Governor’s nod, bullet train project hits land acquisition hurdle

Publication: HINDUSTAN TIMES Date : 17 AUGUST 2019

The Maharashtra government’s attempt to speed up the land acquisition process for the Mumbai-Ahmedabad bullet train, a pet project of Prime Minister Narendra Modi, is stuck for the past five months.

Mumbai Metropolitan Region Development Authority expects Rs 1,033 crore from lease of BKC plot

Publication: DNA Date : 17 AUGUST 2019

The Mumbai Metropolitan Region Development Authority (MMRDA) is all set to earn a minimum of Rs 1,033 crore by leasing out a huge chunk of land in Bandra Kurla Complex (BKC).

REALTY NEWS

Central Mumbai has unsold inventory worth Rs 45,000 crore: ICRA

Publication: ET REALTY Date : 17 AUGUST 2019

NEW DELHI: Inventory worth Rs 45,000 crore remained unsold in Central Mumbai as on June 2019, according to ICRA, a rating agency. Considering the high value of inventory in the micro market, its underperformance has severely impacted the real estate sector in Mumbai, it said.

Unsold inventories in Mumbai's prime luxury real estate hub at Rs 45,000 cr: report

Publication: THE WEEK Date : 17 AUGUST 2019

It has been a tough year for luxury residential real estate developers as consumer sentiments have weakened and the crisis in the non-banking financial services sector has further exacerbated the liquidity of the sector.

NBFC liquidity crunch to hit realty developers hardest

Publication: FINANCIAL EXPRESS Date : 17 AUGUST 2019

The ongoing liquidity crunch faced by non-banking financial companies (NBFCs) and housing finance companies (HFCs) is set to hit real-estate developers the most, rating agency Fitch said in a report on Friday.

RERA is beneficial for buyers, has changed the dynamics of real estate in India: Li Qiongjia

Publication: FINANCIAL EXPRESS Date : 17 AUGUST 2019

In an exclusive interview, Li Qiongjia, Director, Risland (North India), talks about the Indian real estate market and shares his business outlook.