BMC NEWS

BMC has just spent 26% of its budget

Publication: HINDUSTAN TIMES  Date : 01 DECEMBER 2016 PAGE: 05 

MUMBAI: Four months away from announcement and implementation of next financial year’s annual budget, the Brihanmumbai Municipal Corporation (BMC) has managed to spend only 26% of its overall Rs31,255-crore budget provisions made for this year.

BMC budget estimate 2016-17: Only 26 per cent funds spent so far

Publication: THE INDIAN EXPRESS   Date : 01 DECEMBER 2016 PAGE: 03 

MUMBAI: Though the budget for the roads department this year was marginally smaller than last year, the expenditure is significantly lower,

INFRA NEWS

Boost for city rail infra as govt clears MUTP III

Publication: TIMES OF INDIA Date : 01 DECEMBER 2016 PAGE: 01 

MUMBAI: the Union Cabinet has cl eared the Phase III of the Mumbai Urban Transport Project

CONTI...

Green plan for state's national highways

Publication: TIMES OF INDIA Date : 01 DECEMBER 2016 PAGE: 01 

MUMBAI:The 10,624 km of national highways in the state are in for a greening. The state government and the National Highways Authority of India (NHAI) have signed an MoU for afforestation alongside the highways

FITCH NEWS

Housing sales likely to fall by 20-30% post note ban: Fitch

Publication: TIMES OF INDIA Date : 1 DECEMBER 2016  PAGE NO: 05

MUMBAI: NEW DELHI: Housing sales of most developers are expected to fall by at least 20-30 per cent on lower demand following demonestisation of Rs 500 and Rs 1,000 notes, Fitch Ratings today said.

Demonetisation: Sales of home developers to fall 20-30% next year, says Fitch

Publication: BUSINESS STANDARD Date :  01 DECEMBER 2016  PAGE NO: 02

MUMBAI: Rating firm Fitch Ratings expects residential property sales of most of the residential developers to come down by at least 20-30% in 2017,

Fitch Ratings expects residential property sales to come down by 20-30% in 2017

Publication: BUSINESS LINE Date : 01 DECEMBER 2016  PAGE NO: 05

MUMBAI: Rating firm Fitch Ratings expects residential property sales of most of the residential developers to come down by at least 20-30 per cent in 2017,

  REALTY NEWS

Saugata Bhattacharya: Repo rate cut likely, but how much will depend on economy

Publication: BUSINESS STANDARD Date : 1 DECEMBER 2016 PAGE NO.: 12 

 The Reserve of India (RBI) nears a policy decision in a “once in a lifetime” environment. Banks are flooded with liquidity and near term growth is uncertain.

Note ban to affect real estate sales only in the short term: Abhishek Lodha

Publication: BUSINESS STANDARD Date : 1 DECEMBER 2016 PAGE NO.:02

 Demonetisation has hit many industries, especially the real estate industry where use of cash is prevalent. Lodha Developers, the largest property developer by sales,

Pune's next big growth hub

Publication: BUSINESS STANDARD Date : 1 DECEMBER 2016  PAGE NO: 03

 Pune has been witnessing rapid real estate development for more than a decade, and is now quickly expanding at its fringes in every direction. Increasing demand in the commercial real estate sector has opened the gateways .

GIFT City: Are we there yet?

Publication: LIVE MINT Date : 01 DECEMBER 2016  PAGE NO: 06

 The success of GIFT City Gandhinagar depends on whether top financial market professionals are willing to relocate. As things stand, that still looks like a pipe dream