BDD NEWS

BDD redevpt plan to congest heart of city

Publication: TIMES OF INDIA Date : 17 JANUARY 2017 PAGE: 01

MUMBAI: The redevelopment of two of Mumbai's oldest chawl clusters will result in the construction equivalent of 292 acres, which is roughly 3.5 times the area of Nariman Point.

 OPEN SPACES NEWS

Yr after stay, city yet to get revised open spaces policy

Publication: TIMES OF INDIA Date : 17JANUARY 2017 PAGE: 05

MUMBAI : Exactly a year after chief minister Devendra Fadnavis stayed the civic body's controversial open spaces policy, the city is yet to get a new or revised policy .

 CIDCO NEWS

Over 800 new illegal buildings in NaMu

Publication: TIMES OF INDIA Date : 17JANUARY 2017 PAGE: 05

MUMBAI : Despite a continuous demolition drive by the City and Industrial Development Corporation (CIDCO) and the Navi Mumbai Municipal Corporation (NMMC) in Navi Mumbai, a survey conducted by CIDCO has found that over 800 new illegal constructions came up in the city last year. .

CITY NEWS

Govt gets 120 days to raise police cell for illegal bldgs

Publication: TIMES OF INDIA Date : 07 JANUARY 2017 PAGE:09

MUMBAI: The Bombay high court on Monday expressed displeasure over the fact that over 400 illegal buildings have come up in Navi Mumbai since its July 2015 order to act against unauthorised structures.

Maharashtra ties up with ISRO to save mangroves

Publication: HINDUSTAN TIMES Date : 17 JANUARY 2017 PAGE: 04

MUMBAI: As mangrove destruction continues unabated in Mumbai and along the Konkan coast with several cases piling up over the past two years, the Maharashtra Forest department is tying up with  (ISRO) to track the mangrove 

Over 12k tenements illegally let out: SRA

Publication: DNA Date : 17 JANUARY 2017 PAGE: 03

MUMBAI: Of 86,429 surveyed by the authority, 12,460 flats don't house their owners

REALTY NEWS

Don't interfere in real estate sector: Godrej to govt

Publication: BUSINESS STANDARD Date : 17 JANUARY 2017 PAGE: 04

MUMBAI: Godrej Group Chairman Adi Godrej has said the government should not "interfere" in the real estate sector, often cited as one of the biggest black money generators, even as he termed demonetisation a "positive step".

Sops, funds hold the key for infra development

Publication: BUSINESS LINE Date :17 JANUARY 2017 PAGE: 04

CHENNAI/NEW DELHI, JANUARY 16: The efficiency of infrastructure can be measured when all stakeholders — end users, logistics service providers, contractors, developers, financiers and bankers — gain.

LIC Housing Finance profit rises 19% in third quarter

Publication: BUSINESS STANDARD Date : 17 JANUARY 2017 PAGE: 10

MUMBAI, JANUARY 16: LIC Housing Finance (LICHFL) has reported a 19 per cent increase in net profit at ₹499 crore in the third quarter ended December 31, 2016, compared to ₹419 crore in the year-ago quarter..

PE funds use mezzanine debt route for realty investments

Publication: FINANCIAL EXPRESS Date : 17 JANUARY 2017 PAGE: 01

Foreign private equity funds which have invested in real estate and infrastructure sector and find themselves caught in a policy row between the Reserve Bank of India and the government, are lining up a bevy of mezzanine funds for the Indian market