18TH APRIL 2017

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MCHI-CREDAI

OPEN SPACES NEWS

     

BMC offers builders squat & grab chance to usurp open spaces

Publication: MUMBAI MIRROR Date : 18 APRIL 2017
Activists urge corporators to vote down new provision in Development Plan to save the city from choking. Planning Committee proposes if a plot reserved as open space is encroached by slums, 67% of it must be developed under SRA and only the rest retained as open space
     

You can’t ask for parking space in Mumbai, BMC wants your society to apply

Publication: HINDUSTAN TIMES Date : 18 APRIL 2017
The new pay-and-park policy, which has already drawn flak from residents, is continuing to get a thumbs down.

DP NEWS

     

Mumbai’s 2034 Development Plan won’t be passed in May, BMC corporators may seek extension

Publication: HINDUSTAN TIMES Date : 18 APRIL 2017
While corporators have just a month to go to pass Mumbai’s Development Plan (DP) 2034, they are yet to start a discussion on the plan in the general body.

CITY NEWS

     

Mumbai to get building taller than Burj Khalifa, road bigger than Marine Drive

Publication: HINDUSTAN TIMES Date : 18 APRIL 2017
A structure taller than Dubai’s iconic 163-floor Burj Khalifa with a green boulevard bigger than Mumbai’s Marine Drive will form part of a new eastern waterfront to be developed on a wasteland in the country’s financial capital.
     

EASE OF BUSINESS - Bldg plans: Cell in civic bodies to give green nods

Publication: THE TIMES OF INDIA Date : 18 APRIL 2017
The state government has decided to set up environment cells in all municipal corporations and councils to enable granting of environment clearances for building proposals above 1,50,000 sq feet by urban local bodies.
     

State adds 91K acres as reserved forests

Publication: THE TIMES OF INDIA Date : 18 APRIL 2017
Mumbai   They Will Enjoy Maximum Protection Now The state has added over 91,429 acres (approximately 37,000 hectares) to the category of reserved forests as of end-March. The exercise to increase reserved forest cover in the state began two years ago.
     

Ahead of rains, BMC makes list of 791 unsafe buildings in Mumbai

Publication: HINDUSTAN TIMES Date : 18 APRIL 2017
A total of 791 buildings in the Mumbai are dangerous to live in. As part of its pre-monsoon preparedness, the Brihanmumbai Municipal Corporation (BMC) has identified 791 buildings in the C-1 category — the most dangerous. Of these, it has demolished 186 (23%) buildings and evacuated 117 (14%) buildings as of March-end, according to the data obtained by HT..
     

CM thanks Centre for infra boost to affordable housing

Publication: HINDUSTAN TIMES Date : 18 APRIL 2017
MUMBAI: The state government welcomed the Centre’s move to include affordable housing in the list of infrastructure for Maharashtra, saying that it will give impetus to slum redevelopment and also help create recreational grounds, playgrounds, schools and dispensaries.

REALTY NEWS

     

Indiabulls' Restructuring Plan Fires Up Sector Stocks

Publication: ECONOMIC TIMES Date : 18 APRIL 2017
Mumbai   Co to hive off commercial realty business into separate entity; traders cover short positions, create fresh bullish bets
     

Lower Mortgage Rates, Better Sales Rekindle Interest in Realty Stocks

Publication: ECONOMIC TIMES Date : 18 APRIL 2017
Mumbai: CHANGING LANDSCAPE The BSE Realty Index has gained nearly 21% over the past four weeks
     

Loss from house property can now be set off for eight subsequent financial years

Publication: MINT Date : 18 APRIL 2017
As per the recent amendments effective from the FY2017-18, the house property loss incurred in a financial year has been capped at Rs2 lakh
 

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