01ST NOVEMBER 2019 NEWS

REALTY NEWS

MahaRERA chief to head advisory panel for parking body

Publication: MUMBAI MIRROR Date : 01 NOVEMBER 2019

Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Gautam Chatterjee has been appointed as the head of a committee set up to frame guidelines for the formation of the Mumbai Parking Authority (MPA).

Adani, Fairfax, GMR among bidders for Jewar airport in Greater Noida

Publication: MINT Date : 01 NOVEMBER 2019

Bidding process for NIAL will be run by the Yamuna Expressway Industrial Development Authority The four companies met the technical and financial criteria set out by the state government to qualify for the bidding process for the NIAL project

To make it to top 50 in Ease of Doing Business India should focus on enforcing contracts, land administration system: World Bank

Publication: HINDU Date : 01 NOVEMBER 2019

Higher you go, more difficult it is to improve: World Bank’s Croci on India eyeing top 50 for Doing Business The World Bank’s Doing Business 2020 study, released by the World Bank last week, showed that India improved 14 places from 77 to 63 out of 190 countries in the Ease of Doing Business (EODB) rankings.

2ND NOVEMBER 2019 NEWS

REALTY NEWS

Kurla station to BKC in 15 mins

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019

The time taken to travel from Kurla station to Bandra-Kurla Complex during peak hours is set to be reduced to 15 minutes from the current over an hour with the BMC getting ready to bring down a hundred-year old chawl that stands right in the middle of a crucial road.

Forest dept allots 53 ha for water supply projects

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019

The state forest department has designated nearly 53 hectares of forest land for a water supply project in Vasai-Virar and Mira-Bhayandar areas. Forest department joint secretary Virendra Tiwari issued the orders on October 30.

BKC-Chunabhatti link to open next Sat

Publication: TIMES OF INDIA Date : 02 NOVEMBER 2019

Mumbai: The road connecting Bandra-Kurla Complex (BKC) to Chunabatti is slated to be thrown open to vehicular traffic next Saturday-—November 9. This connector will help save about half an hour of your commuting time compared to what you currently take via the two existing corridors.

03RD NOVEMBER 2019 NEWS

REALTY NEWS

Mumbai: Railways to hand over 7 colonies to RLDA for redevelopment

Publication: THE INDIAN EXPRESS Date : 03 NOVEMBER 2019

The move has met with strong opposition from Western Railway Mazdoor Sangh (WRMS), which is planning to hold a demonstration Monday outside railway’s divisional office at Mumbai Central.

10 years on, Coast Guard gets Raigad plot for radar station

Publication: HINDUSTAN TIMES Date : 03 NOVEMBER 2019

A decade after the Indian Coast Guard (ICG) applied for around 10 hectares (ha) of forest land at Murud in Raigad district, the state cleared the proposal and allotted the same last month. The ICG plans to set up a base as well as install a radar system to strengthen the coastal security in the western region.

04TH NOVEMBER 2019 NEWS

REALTY NEWS

‘Panje, Karanje wetlands protected as CRZ-I’

Publication: HINDUSTAN TIMES Date : 04 NOVEMBER 2019

Panje and Karanje wetlands in Uran, Navi Mumbai are safeguarded as Coastal Regulation Zone I, the highest protection under the CRZ notification, the Maharashtra Coastal Zone Management Authority (MCZMA) told the Bombay high court (HC) in an affidavit on November 1.

Greens to move Supreme Court against debris dumping at Uran

Publication: THE ASIAN AGE Date : 04 NOVEMBER 2019

Mumbai: Environmentalists are planning to move the Supreme Court against the recent, large-scale dumping of debris at the wetlands in Uran. They have claimed that around eight acres of Jasai wetland in Uran has been destroyed due to excessive dumping of mud and debris, and the channels of the nearby water body have been choked with debris.

RERA officials to approach housing ministry for clarity vis-a-vis IBC

Publication: FINANCIAL EXPRESS Date : 04 NOVEMBER 2019

As of June this year, 421 realtors were under the corporate insolvency resolution process (CIRP), of which 164 cases have been closed while 257 are continuing.

Real estate regulators may seek pull to rein in builders

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2019

New Delhi: It’s not just homebuyers who are troubled by builders’ non-compliance with orders passed by Real Estate Regulatory Authorities (RERAs), even regulators are concerned at the stubborn attitude of builders.

05TH NOVEMBER 2019 NEWS

REALTY NEWS

Bank to auction former CM’s son’s plot in Kurla

Publication: MUMBAI MIRROR Date : 05 NOVEMBER 2019

Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Publication: BUSINESS STANDARD Date : 05 NOVEMBER 2019

Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Top listed realtors’ residential sales jump two-fold since demo

Publication: ECONOMIC TIMES Date : 05 NOVEMBER 2019

Mumbai: Listed real estate developers have beaten the residential downturn blues so far this year. Residential sales value of top 9 realty developers in the first quarter of 2019-20 stood at around Rs 5,280 crore; in 2018-19, their sales jumped 159% compared with 2016-17, and also surpassed the market's peak years of 2014-15 by 63%.