18 OCTOBER 2018 NEWS

INFRA NEWS

BMC to build jetties at Worli, Breach Candy for coastal road work

Publication: TIMES OF INDIA Date : 18 OCTOBER 2018

Mumbai: BMC will construct jetties near Amarsons Garden at Breach Candy and Worli Seaface for mobilization of resources for the coastal road. Work on the coastal road is expected

DHARAVI REDVT NEWS

No smooth ride for Dharavi revamp

Publication: DNA Date : 18 OCTOBER 2018

A day after the special purpose vehicle for the Dharavi redevelopment plan (DRP) was announced, SVR Srinivas, chief executive officer of DRP, has said his office will come out with global tenders for the project within a few days.

CITY NEWS

Special 22 all set to save mangroves in Maharashtra

Publication: HINDUSTAN TIMES Date : 18 OCTOBER 2018

HT had reported earlier this month that the number of mangrove destruction cases in Mumbai increased by 70% in the first nine months of 2018, compared to the past two years.

Asia’s largest slum in Mumbai to make way for a new business district

Publication: THE INDIAN EXPRESS Date : 18 OCTOBER 2018

State govt approves fresh plan for Rs 26,000-crore Dharavi redevelopment project, extends fiscal sops and indirect subsidies, including waiver of stamp duty.

MARKET TREND NEWS

Reasons to not give up on Indian real estate

Publication: MINT Date : 18 OCTOBER 2018

A well-regulated real estate market will spur the world’s biggest asset managers to look at India more seriously over the long-term

REALTY NEWS

Housing prices up 5.3% during April-June quarter in 10 major cities: RBI

Publication: FINANCIAL EXPRESS Date : 18 OCTOBER 2018

Housing prices rose by an average 5.3 per cent during April-June quarter of this fiscal in ten major cities as compared to the year-ago period, according to RBI data.

19 OCTOBER 2018 NEWS

INFRA NEWS

Coastal Road project to have 3 interchanges: BMC

Publication: DNA Date : 19 OCTOBER 2018

The first phase of the proposed Coastal Road project will have three interchanges, the Brihanmumbai Municipal Corporation (BMC) said on Thursday.

CITY NEWS

Mumbai: Norms for space between buildings to be relaxed

Publication: THE INDIAN EXPRESS Date : 19 OCTOBER 2018

According to initial estimates, more than five crore square feet of saleable built-up space will be available after the rehabilitation of hutment dwellers, informal industrial units and setting up of infrastructure

Incomplete building projects can benefit from new devpt rules

Publication: TIMES OF INDIA Date : 19 OCTOBER 2018

Mumbai: In a boost to the realty sector, BMC will allow developers whose projects

CONTI...

South Mumbai buildings found to have most deviations from their original plans

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2018

Malabar Hill, Girgaum, Nana Chowk, along with Pydhonie and Kalbadevi, which come under C and D administrative wards (part of South Mumbai), saw the most alterations to the original plans

COURT NEWS

Fate of 2,238 trees at Aarey to be decided after second public hearing

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2018

he Bombay high court (HC) has instructed the Brihanmumbai Municipal Corporation’s (BMC) garden department to conduct a second public hearing for the Aarey car shed

REALTY NEWS

Housing sales unlikely to see major turnaround this festive season

Publication: BUSINESS STANDARD Date : 19 OCTOBER 2018

Housing sales are unlikely to see major turnaround this festive season, though purchase transactions are expected to be better than last year, with a range of budget