DP NEWS

New Development Plan of Mumbai set to be put on hold for two months

Publication: THE INDIAN EXPRESS Date : 21 JUNE 2018

The new DP had lowered permissible floor space index (FSI) for construction in the suburbs of Mumbai as compared to existing levels, sparking fears that construction activity would come to a halt in the region.

Deadline extended to file objections for Mumbai's Development Plan 2034

Publication: DNA Date : 21 JUNE 2018

The citizens can now file their suggestions and objections for the city's Development Plan (DP) 2034 even after June 21, which was the deadline declared earlier.

CITY NEWS

Tenants of cessed buildings in South Mumbai may get larger apartments

Publication: DNA Date : 21 JUNE 2018

Tenants of cessed buildings located in South Mumbai have reason to cheer. They may soon get 500 square feet apartments. An eight member committee, comprising MLAs, has suggested this move and it has also found a mention in the draft proposal sent to the chief minister.

Relief to developers: Government relaxes norms for building solar plants

Publication: FINANCIAL EXPRESS Date : 21 JUNE 2018

In a move that might provide some relief to solar power plant developers, the Ministry of New and Renewable Energy (MNRE) has relaxed time lines for land acquisition, financial closure and the commissioning period for solar projects.

OTHER CITY NEWS

Cidco’s prime Nerul plot stuck in litigation gets ₹183 crore bid

Publication: TIMES OF INDIA Date : 21 JUNE 2018

Navi Mumbai: A prime plot in Sector 19A, Nerul, received the highest bid of Rs 183 crore on Wednesday from Moreshwar Developers, a builder based in Navi Mumbai.

Cidco further sweetens deal for airport PAPs

Publication: TIMES OF INDIA Date : 21 JUNE 2018

Navi Mumbai: With just a fortnight left for July 7—the appointment date in the agreement—to hand over the core area of 1,160 hectares for the upcoming Navi Mumbai international airport to Mumbai Airport Authority Ltd (MIAL),

Navi Mumbai: CIDCO plot sold at Rs 1.33L/ sq mts

Publication: DNA Date : 21 JUNE 2018

Is the real estate market really in a bad shape? Recent events paint a different scenario — a plot that was being auctioned by CIDCO in Navi Mumbai at a reserve price of Rs 95,000 per sq mts, was finally sold for Rs 1.33 lakh per sq mts

REALTY NEWS

HNIs moving away from equities to real estate and debt

Publication: ECONOMIC TIMES Date : 21 JUNE 2018

ET Intelligence Group: High net worth individuals (HNIs) are gradually shifting away from the equity market, show the latest data from Association of Mutual Funds of India (AMFI).