1ST & 2ND JANUARY 2017

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MCHI-CREDAI

1ST JANUARY  2017 NEWS

     

Bids for NaMu airport to open in January 2017

Publication: DNA Date : 01 JANUARY 2017 PAGE: 02
MUMBAI: The financial bids for the proposed Navi Mumbai International Airport (NMIA), which is expected to ease the burden on the Mumbai airport, is likely to be opened in the first or second week of January,
     

Aarey to get natural area tag, no commercial devpt in revised plan

Publication: TIMES OF INDIA Date : 01 JANUARY 2017 PAGE: 02
MUMBAI: After a series of hearings, a panel which is reviewing the draft for Mumbai's long-term development plan has decided to exempt the Aarey belt 
     

Infrastructure sees major policy push

Publication: BUSINESS STANDARD Date : 01 JANUARY 2017 PAGE: 02
MUMBAI: Policy changes aimed at reducing financial distress and increasing investment activity in the infrastructure sector were the central theme in 2016 and the success of these is likely to be put to the test next year.
     

Note ban, big agreements shaped realty

Publication: BUSINESS STANDARD Date : 01 JANUARY 2017 PAGE: 02
MUMBAI: The year 2016 was good for commercial real estate, including malls and office property. However, but pain continued for residential real estate.

2ND JANUARY 2017 NEWS

     

Two Indians among 39 shot dead in Istanbul nightclub - Tragic end to city filmmaker's New Year trip to Turkey

Publication: MUMBAI MIRROR Date : 02 JANUARY 2017 PAGE: 01
MUMBAI: The massacre at an Istanbul night club on New Year by a lone gunman claimed the lives of 39 people, including well-known movie producer Abis Rizvi from Mumbai.
     

Highway builder fined Rs 247 cr for sand theft, shoddy work

Publication: MUMBAI MIRROR Date : 02 JANUARY 2017 PAGE: 01
MUMBAI: In what is being said to be the strictest such action, Palghar collector Abhijeet Bangar has fined a highway construction company Rs 247 crore for stealing sand and gravel.
     

Speculators lock up nearly 13L flats in housing-starved Mumbai region

Publication: TIMES OF INDIA Date : 02 JANUARY 2017 PAGE: 01
MUMBAI: Despite a severe lack of affordable housing in the Mumbai Metropolitan Region (MMR), almost 13 lakh of the total 87.67 lakh homes remain vacant or locked, according to the draft MMR Regional Plan, quoting data from the 2011 Census
     

`Draft regional plan only for areas without DP'

Publication: TIMES OF INDIA Date : 02 JANUARY 2017 PAGE: 06
MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has said the proposed land use and development control regulations contained in its Draft Regional Plan applies to only those areas that do not have a sanctioned development plan.
     

New Year unlikely to bring cheer to investors

Publication: TIMES OF INDIA Date : 02 JANUARY 2017 PAGE: 06
MUMBAI: For debt investors, especially those in long-duration bonds and debt funds, 2016 was a fabulous year. Those who put their money in gold also earned decent returns. Equity and real estate investors, however, had a lacklustre year.
     

Bombay high court asks state body to finalise new coastal plan by March

Publication: HINDUSTAN TIMES Date : 02 JANUARY 2017 PAGE: 03
MUMBAI: The Bombay high court has directed the Maharashtra Coastal Zone Management Authority (MCZMA) to finalise the much delayed new draft coastal zone management plan by March 31, 2017.
     

Cheaper loans in store: SBI, Union Bank and IDBI slash lending rates

Publication: HINDUSTAN TIMES Date : 02 JANUARY 2017 PAGE: 0१3
MUMBAI: The State Bank of India (SBI), the country’s largest bank, on Sunday slashed its loan rates sharply by 0.90 percentage points across all tenure loans in one of the steepest cuts since the 2008 global economic crisis
     

Sops likely to widen affordable home net

Publication: DNA Date : 02 JANUARY 2017 PAGE: MONEY
MUMBAI: 2017 started on a good note for Suresh Yadav who has been looking to buy a house in Badlapur since over a year now.
     

What a 90-bps Lending Rate Cut Means for a Home Loan Borrower

Publication: ECONOMIC TIMES Date : 02 JANUARY 2017 PAGE: 11
MUMBAI: The lending rate cut by State Bank of India is good news for borrowers, especially customers with long-term home loans of 20-25 years.
     

INDUSTRY LOAN BOOK TO GROW - SBI's Rate Move to Intensify Competition in Retail Loans Space

Publication: ECONOMIC TIMES Date : 02 JANUARY 2017 PAGE: 09
MUMBAI:ET Intelligence Group: The muchawaited rate cuts by SBI and some other public sector banks are set to increase competition in the retail loan segment.
     

New Schemes to Give a Boost to Affordable Housing Sector

Publication: ECONOMIC TIMES Date : 02 JANUARY 2017 PAGE: 14
MUMBAI: HOUSE THAT! After the govt's recent move to push low-cost housing, developers & buyers are hopeful of tax benefits and reduction in home loan rates in the Union Budget
     

Key Realty Markets Reel Under Cash Crunch Blow

Publication: ECONOMIC TIMES Date : 02 JANUARY 2017 PAGE: 14
MUMBAI: Fear of action under Benami Properties Act also keeps many home buyers away
 

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