18TH TO 21ST JULY 2018

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MCHI-CREDAI

18TH JULY 2018 NEWS

CITY NEWS

     

Wadala cave-in not caused by digging next door, says IIT

Publication: MUMBAI MIRROR Date : 18 JULY 2018
Report hints that Dosti Realty may not be responsible for the landslide at Lloyd’s Estate as claimed by residents IIT-B profs raise questions over structural consultant Nitin Kamble’s observations;

OTHER CITY NEWS

     

Navi Mumbai: Village flooded, residents up in arms against CIDCO

Publication: THE INDIAN EXPRESS Date : 18 JULY 2018
Nearly 350 villagers threaten to disrupt airport-related work if they are not relocated to a safer place at earliest

REALTY NEWS

     

Realtors join fray in affordable housing segment, take the middle path

Publication: BUSINESS STANDARD Date : 18 JULY 2018
So far the demarcation in the real estate sector was clear —premium housing catered to high-end customers and affordable segment was for low-income consumers.
     

NHB to give part-guarantee for bonds floated by HFCs

Publication: ET REALTY Date : 18 JULY 2018
The NHB would also help mortgage lenders take on commercial banks that have definitive regulatory advantage in accessing chapter funds
     

Nightmare of Indian Accounting Standard 115 comes to haunt firms in the real estate sector

Publication: MINT Date : 18 JULY 2018
Most realty firms in the listed universe such as DLF, Godrej Properties, Phoenix Mills and Sobha would take a one-time hit in their profit and loss account
     

HDIL settles dues with banks to escape insolvency proceedings

Publication: MINT Date : 18 JULY 2018
HDIL has agreed to pay ₹40 crore in a one-time-settlement agreement to Andhra Bank, and to repay the dues of Bank of India

19TH JULY 2018 NEWS

MAHARERA NEWS

     

Look up amenities near your dream home in Mumbai on MahaRERA map soon

Publication: HINDUSTAN TIMES Date : 19 JULY 2018
The next time you want to buy a property in a specific area, you can log on to the Maharashtra Housing Regulatory Authority (MahaRERA) website for multiple options in the area, along with the social amenities

HOUSING FOR ALL NEWS

     

CREDAI seeks govt intervention to rein in rising steel prices

Publication: BUSINESS LINE Date : 19 JULY 2018
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has written to the Prime Minister’s Office for an intervention to arrest the steep rise in steel prices, which are adversely affecting the government’s ‘Housing for All’ target.

CITY NEWS

     

Maharashtra: Portal to offer case info on realty soon

Publication: DNA Date : 19 JULY 2018
Builders hoping to make a quick buck by cheating the homebuyer, beware! The registration office will soon allow a homebuyer registering a property to not only know its history including ownership and mortgage details,
     

DNA EXCLUSIVE: Maharashtra drafting Land Titling Bill to speed up land transactions

Publication: DNA Date : 19 JULY 2018
Maharashtra government has made a draft of Land Titling Bill to ensure ease in land based credit and optimum utilisation of land with reduced litigation and thereby promote domestic and foreign investments.

OTHER CITY NEWS

     

Navi Mumbai: 18 industrial plots worth Rs 100 crore near JNPT seaport SEZ sold

Publication: ET REALTY Date : 19 JULY 2018
Six of the 18 companies are on the verge of signing agreements to commence business activities. Another 12 firms are to be selected by the JNPT SEZ authorities in the last round of online bidding,

20TH JULY 2018 NEWS

INFRA NEWS

     

Mumbai Metro 3: MMRC set to procure 248 coaches

Publication: THE INDIAN EXPRESS Date : 20 JULY 2018
The first train is expected to be delivered by September 2020 and operations are likely to start by June 2021.
     

Thane Metro construction work begins

Publication: THE INDIAN EXPRESS Date : 20 JULY 2018
Thane is witnessing its first-ever Metro construction work with the beginning of Metro 4 corridor.

REALTY NEWS

     

Realty projects: Corpus may take on stressed assets

Publication: FINANCIAL EXPRESS Date : 20 JULY 2018
A meeting of key stakeholders convened by the government on Thursday discussed the creation of a corpus to take over some of the stressed assets under the aegis of housing finance regulator National Housing Bank (NHB).

21ST JULY 2018 NEWS

CITY NEWS

     

State plans single agency to update land records

Publication: TIMES OF INDIA Date : 21 JULY 2018
The Maharashtra government has circulated a draft Bill 2018 to set up a land titling authority to maintain a record of clean titles of land,
     

Maharashtra CM in Assembly: Development Plan to boost commercial activities, create jobs

Publication: THE INDIAN EXPRESS Date : 21 JULY 2018
The Mumbai Development Plan (DP), which provides higher Floor Space Index (FSI), will boost commercial activities and generate higher employment in the financial capital of India,
     

Centre’s nod for coastal zone plan in 15 days: Maharashtra CM Devendra Fadnavis

Publication: MUMBAI MIRROR Date : 21 JULY 2018
IN NAGPUR Chief Minister Devendra Fadnavis disclosed on Friday that the coastal zone management plan (CZMP) for Mumbai and Navi Mumbai will get the final approval from the Centre in the next 15 days.

OTHER CITY NEWS

     

CIDCO caused delays, cost overrun: CAG

Publication: THE HINDU Date : 21 JULY 2018
The Comptroller and Auditor General of India’s report on Public Sector Undertakings in the State has stated that the project consultant appointed by the City and Industrial Development Corporation caused inordinate delay in completion of tasks.

REALTY NEWS

     

Realty prices moderate in Jan-Mar

Publication: TIMES OF INDIA Date : 21 JULY 2018
Mumbai: The rate of increase in real estate prices in the top 10 cities of the country slowed down to 6.7% (year-onyear) in the January-March 2018 quarter as against 7.2% in the previous quarter and 10.4% a year ago.

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