23RD TO 26TH DECEMBER 2016

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MCHI-CREDAI

23RD DECEMBER 2016 NEWS

     

Realtor's arrest leads to tremors in Delhi, TN

Publication: TIMES OF INDIA Date : 23 DECEMBER 2016 PAGE: 01
MUMBAI: The Enforcement Directorate has arrested wellknown Kolkata businessman Paras Mal Lodha for laundering crores in scrapped currency in a development which has caused ripples of anxiety among legal and other circles in the capital and elsewhere
     

Prime Minister Narendra Modi’s visit to give push to pending infra projects in Mumbai

Publication: HINDUSTAN TIMES Date : 23 DECEMBER 2016 PAGE: 03
MUMBAI: With the Prime Minister laying the foundation stone on Saturday, the city’s marquee infrastructure projects that have been on the drawing board for many years now, will get a kick-start.
     

The 'real' impact of RERA

Publication: AFTERNOON Date : 23 DECEMBER 2016 PAGE: 016
MUMBAI: One of the major decisions taken by the Maharashtra government to bring accountability into real estate is giving the green signal for implementation of RERA. Suraj Uchil explains the minute details of the act.
     

Landlord gets 3-month jail for not repairing rickety bldg

Publication: TIMES OF INDIA Date : 23 DECEMBER 2016 PAGE: 04
MUMBAI: In a significant order, a sessions court this week has upheld a lower court order sentencing the landlord of a Kandivli building to three months' jail for refusing to repair the dilapidated building despite repeated notices from the BMC.
     

Demonetisation will make real estate market transparent

Publication: FINANCIAL CHRONIC Date : 23 DECEMBER 2016 PAGE: 04
MUMBAI: As far as the Realty round for the year 2016 and the expectations for 2017 are concerned, the biggest happening has been demonetisation which has had a huge impact all around. Before demonetisation too,
     

ET Q&A - See Problem in Realty Demand; Like Metals

Publication: ECONOMIC TIMES Date : 23 DECEMBER 2016 PAGE: 11
MUMBAI: In a chat with ET, Neelkanth Mishra, MD, Credit Suisse shared his views on the government's demonetisation re form, the resultant slowdown in the economy, the expectations from the Budget and the GST,
     

Realtors deal in banned notes, rescue buyers straddled with old currency

Publication: BUSINESS STANDARD Date : 23 DECEMBER 2016 PAGE: 02
MUMBAI: Even 40 days after the ban on high-value currency notes, many real estate developers, including the bigger ones, are still dealing in banned notes with their buyers and investors in many ways, it is learnt.

24TH DECEMBER 2016 NEWS

     

Mumbai’s DP 2034: Deadline pushed by 3 months

Publication: HINDUSTAN TIMES Date : 24 DECEMBER 2016 PAGE: 01
MUMBAI: The deadline to pass the city’s Development Plan (DP) 2014-34 has been extended by another three months.
     

Pranab Mukherjee questions but okays enemy property ordinance

Publication: HINDUSTAN TIMES Date : 24 DECEMBER 2016 PAGE: 01
MUMBAI: President Pranab Mukherjee is believed to have raised questions on the Centre’s move to push another ordinance to allow a department to continue to hold sway over “enemy” properties in the country.
     

Note ban: Srei Infrastructure Fin sees short-term impact settling down soon

Publication: BUSINESS LINE Date : 24 DECEMBER 2016 PAGE: 07
KOLKATA, DECEMBER 23: Demonetisation will have a positive impact on the infrastructure sector in the long-run. .
     

AMRUT: Instead of yearly basis, govt to introduce 3-year action plans at one go

Publication: THE INDIAN EXPRESS Date : 24 DECEMBER 2016 PAGE NO.: 19 
 MUMBAI: Centre also gives its nod to 85% of 5-year mission plans with targeted investment of Rs 1 lakh cr by FY20.
     

Real estate: A real fillip needs additional push post-currency pullback

Publication: THE INDIAN EXPRESS Date : 24 DECEMBER 2016 PAGE NO.: 19 
 MUMBAI:The real estate sector in India has forward and backward linkages with as many as 265 industries.

26TH DECEMBER 2016 NEWS

     

Demonetisation compounds problems of sluggish market - Now, builders seek instalment facility to pay civic body fees

Publication: MUMBAI MIRROR Date : 03 DECEMBER 2016 PAGE NO.: 10 
 MUMBAI: The city's real estate sector -that has been hit hard by demonetisation -appears to be in the doldrums, if one were to go by a recent request that a leading developer sent out to the Municipal Corporation of Greater Mumbai (MCGM).
     

‘Benami property’ law to be operationalised soon: PM Modi in Mann ki Baat

Publication: HINDUSTAN TIMES Date : 26 DECEMBER 2016 PAGE: 01
MUMBAI: The next step in the war against corruption would be a crackdown on benami property, Prime Minister Narendra Modi said Sunday, as he again thanked people for enduring the “pain” caused by scrapping of high-value currency
     

14th time in a row, deadline for Monorail corridor revised in Mumbai

Publication: HINDUSTAN TIMES Date : 26 DECEMBER 2016 PAGE: 02
MUMBAI: The deadline to commission phase-II of the Monorail corridor between Wadala and Jacob Circle was revised for the 14th time after it looked unlikely that the Mumbai Metropolitan Region Development Authority would finish the mandatory trial runs by February 2017.
     

Shiv Sena comes in way of CM’s Mumbai-Nagpur expressway project

Publication: HINDUSTAN TIMES Date : 26 DECEMBER 2016 PAGE: 02
MUMBAI:The Shiv Sena is likely to take up the issue of rehabilitation of farmers who will be affected by the Mumbai-Nagpur super-communication expressway in Shahpur area of Thane district.
     

Uproar as MMRDA eyes devpt of 1,070 sq km on city outskirts

Publication: THE TIMES OF INDIA Date : 26 DECEMBER 2016 PAGE NO.: 01 
 In sleepy hamlets, fishing villages and traditional gaothans in Bhayander and Vasai-Virar on the outskirts of Mumbai, a wave of resentment is spreading among local residents.
     

Underground Metro project work finally takes off at SoBo

Publication: THE TIMES OF INDIA Date : 26 DECEMBER 2016 PAGE NO.: 04 
 MUMBAI: These days, a walk past the 10-hectare sprawl in south Mumbai known as Azad Maidan reveals barricades running through parts of the ground.
     

Realty Firm Emaar Plans to Fast-track Over 50 Projects

Publication: ECONOMIC TIMES Date : 26 DECEMBER 2016 PAGE: 11
MUMBAI: Dubai-based realty major Emaar Properties is revamping its project management team following the initiation of demerger of its India partnership. The company intends to fast-track more than 50 projects stuck due to uncertainty over the fate of this partnership
     

HOUSING IN THE TIME OF DEMONETISATION - Consumers Expect Fall in Home Prices; may Hamper Property Sales

Publication: ECONOMIC TIMES Date : 26 DECEMBER 2016 PAGE: 12
MUMBAI: Housing finance firms downplayed stress in the real estate sector as fallout of the sudden demonetisation early last month in meetings

 

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