HIGH COURT NEWS

Campa Cola residents challenge rs 52-cr penalty order in high court

Publication: HINDUSTAN TIMES Date : 24 NOVEMBER 2016  PAGE NO: 07

MUMBAI: Residents of Worli's plush Campa Cola compound have challenged the civic body's order, 

3 commencement certs? HC summons architect

Publication: TIMES OF INDIA Date : 24 NOVEMBER 2016 PAGE: 04 

Expressing shock that there were three commencement certificates for one building, the Bombay high court on Wednesday summoned the architect on Friday to find out which one was genuine. .

INFRA NEWS

Excavated from Aarey metro 3 carshed: Archaeologist from MU to study artefacts

Publication: THE INDIAN EXPRESS Date : 23 NOVEMBER 2016 PAGE NO: 07

MUMBAI: HISTORICAL REMAINS found during excavation at the site for the Aarey Metro III car shed will now be collected and studied by archaeologist..

MMRC seeks nod to axe 467 trees for Metro line.

Publication: THE ASIAN AGE Date : 24 NOVEMBER 2016 PAGE: 03 

MUMBAI: The MMRC had already sought permission for cutting forty trees in Bhakti Park (Wadala) and 161 in Cuffe Parade for the Metro-3 line. .

PARKING SPACES NEWS

Builders gobble up extra FSI, public gasps for parking lots

Publication: DNA Date : 24 NOVEMBER 2016 PAGE NO: 03

MUMBAI: While developers enjoy policy benefits, civic body fails to take over parking lots from them.

BMC controls only 10% parking spaces built under incentive scheme

Publication: THE INDIAN EXPRESS Date : 24 NOVEMBER 2016 PAGE NO: 04

MUMBAI: IN THE past eight years, the BMC has been able to take control.

Only 9% of parking slots handed over to BMC by developers

Publication: TIMES OF INDIA Date : 23 NOVEMBER 2016 Page No: 03 

MUMBAI: Barely 9% of the 46,366 public parking slots approved by the state government have been handed over to BMC by builders

  REALTY NEWS

Smart cities may have kept cash woes at bay.

Publication: DNA Date : 24 NOVEMBER 2016 Page No: MONEY

 KOLKATA : Serpentine queues at banks and bazaars, traders losing out on several days of income.

Rules under Real Estate Act framed for Delhi.

Publication: BUSINESS LINE Date : 23 NOVEMBER 2016 Page No: 05

 NEW DELHI, NOVEMBER 23: The Urban Development Ministry today finalised rules under the Real Estate Act for Delhi which provides for a regulatory authority to undertake third party quality audit of real estate projects to ensure quality of construction.

Immovable property held for over 36 months is a long-term capital asset

Publication: LIVE MINT Date : 24 NOVEMBER 2016 Page No: 19

 For inherited property, the holding period would be calculated from the date of acquisition by the original owner..

For Modi’s smart-city vision to become a reality, India needs smart villages first.

Publication: LIVE MINT Date : 24 NOVEMBER 2016 Page No: 20

 Increasing rural-urban divergence in fertility due to poor education levels and low incomes in villages is slowing India’s urbanization, says a research paper.

Bank retail loan growth likely to be an immediate casualty.

Publication: FINANCIAL CHRONIC Date : 24 NOVEMBER 2016 Page No: 06

 Demonetisation is likely to slow down the pace of retail loan growth, especially in home and auto loans. Bankers, on condition of anonymity, said in the last two weeks,.

Realty Queries.

Publication: ECONOMIC TIMES Date : 24 NOVEMBER 2016 Page No: 09

 Every week, an expert selected by ET answers queries from our readers on real estate.

Municipal Bodies may Issue Bonds on Rate-cut Hopes.

Publication: ECONOMIC TIMES Date : 24 NOVEMBER 2016 Page No: 09

 PUNE, AHMEDABAD, Rajkot, Indore & Bhubaneswar could raise up to Rs 10k-cr collectively to help build smart cities.

Piramals to Invest Big in New Lease Rental Deals.

Publication: ECONOMIC TIMES Date : 24 NOVEMBER 2016 Page No: 14

 INNOVATIVE PLAN Piramal Fund in advanced talks with 2 developers for lease rental discounting deals worth Rs 1,500 crore.