MCHI NEWS

SC extends interim relief for debris dumping in city

Publication: TIMES OF INDIA Date : 24 OCTOBER 2018

Mumbai: The SC has extended its interim order to allow debris dumping at designated sites in Mumbai

PMAY NEWS

Govt lays foundation for affordable housing body

Publication: TIMES OF INDIA Date : 24 OCTOBER 2018

Mumbai: The Maharashtra Housing Development Corporation is the latest entity to be set up to expedite the construction of affordable housing in urban areas in the state.

State sets up housing corporation for PMAY

Publication: THE HINDU Date : 24 OCTOBER 2018

The State cabinet on Tuesday approved the formation of MahaHousing, a dedicated housing corporation to implement the Prime Minister Awas Yojana (PMAY) in Maharashtra.

New housing body formed

Publication: THE ASIAN AGE Date : 24 OCTOBER 2018

Mumbai: Taking the challenge of completing the task of the constructing 19.40 lakh homes across the state under Prime Minister Awas Yojana (PMAY),

NEW DP NEWS

Mumbai’s new development plan misses another deadline, more sops for slum projects

Publication: THE INDIAN EXPRESS Date : 24 OCTOBER 2018

While the state government had sanctioned Mumbai’s new development plan (DP) on May 8, major modifications proposed in permissible floor space index (FSI) for various development and redevelopment schemes were sanctioned

CITY NEWS

Cycle track along pipeline set to enter last lap of construction in Mumbai

Publication: HINDUSTAN TIMES Date : 24 OCTOBER 2018

The Brihanmumbai Muncipal Corporation (BMC) project, between Mulund and Matunga, called Green Wheels Along Blue Lines is estimated to cost Rs312crore, for which the corporation has set aside Rs100 crore in the 2018-19 civic budget.

REALTY NEWS

Construction loan for slum rehabilitation schemes: Only 4 proposals received in a year

Publication: THE INDIAN EXPRESS Date : 24 OCTOBER 2018

At the launch of the scheme in October 2017, Housing Minister Prakash Mehta had said the scheme would benefit more than 2300 Slum Rehabilitation Authority (SRA) schemes that were facing funds crunch.

Key residential property markets see signs of growth in July-Septemeber: Report

Publication: FINANCIAL EXPRESS Date : 24 OCTOBER 2018

Key residential markets across India showed some signs of improvement with all indicators witnessing a growth during the July-September quarter of 2018 versus the same period last year, said the latest findings of PropEquity.

Residential real estate continues to struggle, office leasing strongest in three years

Publication: MINT Date : 24 OCTOBER 2018

It will take at least two years to get back buyers’ confidence in residential sector, before we can expect any substantial demand, say experts

Cash crunch in NBFCs to hurt realtors

Publication: THE ASIAN AGE Date : 24 OCTOBER 2018

MUMBAI: With non-banking finance companies (NBFCs) being a major source of funds for the realty sector, the current liquidity crisis in NBFCs is expected to adversely impact the real estate developers.