19TH MARCH 2017

CITY NEWS

SPV to monetize govt land, fund infra projects

Publication: TIMES OF INDIA Date : 19 MARCH 2017 PAGE: 02

MUMBAI: The cash-strapped state government will set up a special purpose vehicle (SPV) to monetize land to raise the Rs 1 lakh crore it will need in the next five years to fund several infrastructure projects across the state.

20TH MARCH 2017

INFRA NEWS

Call sign confusion - Space out flights with similar numbers: DGCA

Publication: MUMBAI MIRROR Date : 20 MARCH 2017 PAGE: 06

Mumbai: Order says that Order says that two 2 aircraft with aircraft visually with aurally similar oraurally visuallyor similar flight numbers cannot numbers cannot within 2 hours fly within hours of each another of each other as it it as created creates confusionand andinvites confusion invited mishaps mishaps

Mumbai civic body to allow developers to revamp buildings near airports?

Publication: HINDUSTAN TIMES Date : 20 MARCH 2017 PAGE: 05

Residents of old buildings around the airport may finally get respite as the Development Control Regulation (DCR) is likely to be amended to facilitate their revamp.

After Kolkata, Mumbai to be the second Indian city with underwater Metro tunnel

Publication: THE INDIAN EXPRESS Date : 20 MARCH 2017 PAGE: 05

MUMBAI’S FIRST underground metro connecting Colaba-Bandra-SEEPZ will make the city the second in the country, after Kolkata, to have an underwater metro rail connection.

 CITY NEWS

In city of towers, architects get power to certify only bungalow-like structures

Publication: TIMES OF INDIA Date : 20 MARCH 2017 PAGE: 02

The Maharashtra government seems to be under pressure from the World Bank and Centre to improve the global `Ease of Doing Business' ranking. But in its haste to speed up construction permission, it has evoked incredulity and smirks in the real estate industry .

Apartments in city and suburbs see drop in price, size

Publication: MUMBAI MIRROR Date : 20 MARCH 2017 PAGE: 10

Mumbai: In a clear indication of the hard times that have befallen the real estate sector, apartment prices in the city fell by as much as 14 per cent in 2016, compared to the same period a year ago, says consultancy firm Cushman Wakefield.

REALTY NEWS

Rates of normal housing projects may not be affected by demonetisation

Publication: MINT Date : 20 MARCH 2017 PAGE: 03

Tata Capital—the financial services subsidiary of Tata Group—is planning to expand its business by opening 60 to 70 new branches in 2017, which will help company to tap customers from around 400-500 new sub-locations.

Realty not yet best asset class for investors

Publication: ET REALTY Date : 20 MARCH 2017

MUMBAI: Is it the right time to buy property, given that real estate prices are falling, home loans are becoming cheaper, and markets are on the upswing? Not really.

Private equity emerges as biggest souce of funds for builders as banks back off

Publication: ET REALTY Date : 20 MARCH 2017

MUMBAI: Indian realty, it appears, owes its concrete foundations to private equity. Investment capital from uber rich individuals and institutions – or private equity (PE) financing in broadest sense of the term – now makes up 75 per cent of the funds propping up India’s property market, compared with just about a fourth in 2010.