NGT NEWS

Green tribunal temporarily halts all construction work at Aarey in Mumbai

Publication: HINDUSTAN TIMES Date : 20 DECEMBER 2016  PAGE NO: 05

MUMBAI: Reforms like RERA, GST and REITs have the potential to increase investor confidence and to attract institutional investments into the sector. 

NGT asks MMRC to stop all the construction inside Aarey

Publication: DNA Date : 20 DECEMBER 2016  PAGE NO: 03

MUMBAI: The National Green Tribunal (NGT) on Monday restrained Mumbai Metro Rail Corporation (MMRC) Limited from carrying out any construction work in Aarey Milk Colony till further orders.

INFRA NEWS

Mumbai Trans-Harbour Link: MMRDA explores funding option

Publication: HINDUSTAN TIMES Date : 20 DECEMBER 2016  PAGE NO: 05

MUMBAI: Even as Prime Minister Narendra Modi will launch the much-delayed ambitious Mumbai Trans-Harbour Link (MTHL) project on December 24, the state government is looking at options to formalise its funding

Parties reluctant to move out of Nariman Point offices

Publication: THE INDIA EXPRESS Date : 20 DECEMBER 2016  PAGE NO: 03

MUMBAI: Say elections are round the corner but work on the new office spaces is still incomplete.

BMC proposes foreign advisor for coastal road

Publication: THE TIMES OF INDIA Date : 20 DECEMBER 2016  PAGE NO: 06

MUMBAI: The BMC has proposed to appoint AECOM Asia, a foreign-based firm, as general consultant to examine engineering details of the first phase of the coastal road and monitor the works. The BMC will pay Rs 33.5 crore to the consultant.

CITY  NEWS

Three held for destroying mangroves by dumping debris at Thane Flamingo Sanctuary

Publication: HINDUSTAN TIMES Date : 20 DECEMBER 2016  PAGE NO: 06

MUMBAI: Less than a week after two civic body engineers were booked for mangrove destruction in Mumbai, state government officials arrested three persons for destroying mangroves at the flamingo sanctuary in Thane on Friday

Maharashtra to bring water from its rivers for Shivaji memorial bhoomipujan

Publication: HINDUSTAN TIMES Date : 20 DECEMBER 2016  PAGE NO: 05

MUMBAI: The Bharatiya Janata Party (BJP)-led government has drawn up plans for a grand ceremony to start construction (bhoomipujan) for the mid-sea Chhatrapati Shivaji memorial on December 24, 

Dadar bldg residents win battle with realtor

Publication: THE TIMES OF INDIA Date : 20 DECEMBER 2016  PAGE NO: 03

MUMBAI: Residents of the plush 40-storeyed Springs I at Dadar (east) have won a legal victory against their developer, Bombay Realty , which opposed their attempt to form a housing society

Landlord wins first step to regain Malabar Hill flat

Publication: THE TIMES OF INDIA Date : 20 DECEMBER 2016  PAGE NO: 03

MUMBAI: A sessions court has ruled that a Malabar Hill-based man will have to stand trial on charges of fraudulently transferring to his name the electricity meter of a flat that was rented to his father over 40 years ago.

Grand Paradi managing committee gets the boot for demanding exorbitant transfer fee from buyer

Publication: MUMBAI MIRROR Date : 20 DECEMBER 2016  PAGE NO: 01

MUMBAI: The entire managing commit tee of the plush Grand Paradi Housing Society in south Mumbai has been dismissed for demanding an exorbitant transfer fee 

Vertical limits in runway funnel zone - Boxed in, citizens near airport seek out-of-the-box solution

Publication: MUMBAI MIRROR Date : 20 DECEMBER 2016  PAGE NO: 12

MUMBAI: Citizens fated to reside near the airport are con cerned that the new city plan is likely to box them up in two-storey struc tures, allowing them no room to grow

  REALTY NEWS

Demonetisation made buyers defer purchases, but real estate developers holding onto price levels

Publication: THE FINANCIAL EXPRESS Date : 20 DECEMBER 2016  PAGE NO: 06

Sudhir Pai, CEO, Magicbricks.com, says that demonetisation has pushed the probable buyers 

Raising revenue from land-based financing

Publication: LIVE MINT Date : 20 DECEMBER 2016 PAGE NO.: 17

Mumbai’s experience shows that charging for additional floor space index isn’t a panacea for cash-strapped municipalities 

Realty developers bet on affordable housing to beat note ban blues

Publication: LIVE MINT Date : 20 DECEMBER 2016 PAGE NO.: 17

Tata Housing, Shapoorji Pallonji, Mahindra Lifespaces and Wadhwa Group are on course to launch affordable housing projects in early 2017

New realty law set to raise developers’ funding needs, may encourage equity capital

Publication: LIVE MINT Date : 20 DECEMBER 2016 PAGE NO.: 01

Once Real Estate (Regulation and Development) Act is notified, developers will have to rely on external financing as pre-launches of projects will stop

Demonetization effect: Easing of land prices to boost affordable housing

Publication: JLL Date : 20 DECEMBER 2016 PAGE NO.: 01

Post-demonetization, the affordable housing segment will get a much-needed boost. Confined to the fringe areas of metros, this segment is expected to get a boost as land prices