RERA NEWS

RERA impact: Small developers look to partner larger firms to revive stalled projects

Publication: LIVE MINT Date : 21 JUNE 2017

Many builders in Maharashtra have approached large developers with deep pockets to take over projects stalled by shortage of funds and regulatory hurdles

 RR NEWS

Maharashtra government stays hike on ready reckoner rate in MMR

Publication: DNA Date : 21 JUNE 2017

Govt extends stay up to September as hike on land may provide relief to realty players but not to property buyers; affordable housing projects to be affected as well

 INFRA NEWS

Tunnel boring for Metro-III route to start by Oct, machines to arrive from China in July

Publication: TIMES OF INDIA Date : 21 JUNE 2017

Mumbai:   The first Tunnel Boring Machines (TBM) to be used for the Metro-III corridor will reach Mumbai in July, from Guangzhou in China.

Mumbai’s Metro projects get a boost, two financial institutions agree to fund ₹13,660 crore

Publication: HINDUSTAN TIMES Date : 21 JUNE 2017

Mumbai city news: The MMRDA has already started the civil construction of Metro 2A and Metro 7, and it has floated bids for the start of the work on Metro 2B and Metro 4 corridors

 CITY NEWS

Part of actor's Versova bungalow demolished

Publication: TIMES OF INDIA Date : 21 JUNE 2017

Mumbai:   Court Lifts Stay On Razing Illegal Portion The BMC demolished part of film actor Arshad Warsi's bungalow at Versova on Monday for allegedly constructing an additional floor illegally.

Prime Mumbai plot to get a high-rise for HC judges

Publication: THE INDIAN EXPRESS Date : 21 JUNE 2017

Chief Minister Fadnavis, when contacted, said, “Everything was done strictly in accordance with the law."

Mumbai: BDD chawls revamp in Worli gets zero response, tenders postponed

Publication: HINDUSTAN TIMES Date : 21 JUNE 2017

Mumbai city news: The Worli tenders of approximately Rs9000 crore for redeveloping 121 buildings floated by MHADA got zero response from contractors.

SGNP authorities struggle to find flats for squatters in forest area

Publication: DNA Date : 21 JUNE 2017

Inability to get 13,764 tenements to relocate squatters outside the boundaries of Sanjay Gandhi National Park (SGNP), the forest authorities have decided to hold back the demolition of slums within the forest boundary.

REALTY NEWS

RCom puts Mumbai, Delhi real estate assets on the block to pare debt

Publication: LIVE MINT Date : 21 JUNE 2017

Reliance Communications (RCom) hopes to raise over Rs10,000 crore by selling two of its prime properties in Mumbai and Delhi in order to pare debt

Housing credit growth slows in 2016-17: ICRA report

Publication: LIVE MINT Date : 21 JUNE 2017

MUMBAI, JUNE 20: Total housing credit growth slowed to 16 per cent in 2016-17 from 19 per cent in 2015-16, with the overall housing credit standing at ₹14.4 lakh crore as on March 31, 2017