25TH TO 27TH MARCH 2017

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MCHI-CREDAI

25TH MARCH 2017

HC NEWS

     

HC: State can't bail out pre-2015 illegal bldgs

Publication: TIMES OF INDIA Date : 25 MARCH 2017
Mumbai: In a major setback to the Maharashtra government, the Bombay high court, on Friday, refused to approve an ambitious amnesty plan for pre-2015 illegal buildings across the state.
     

HC sets aside Maha govt's policy to regularise illegal bldgs

Publication: DNA Date : 25 MARCH 2017
The Bombay High Court today set aside a Maharashtra government policy to regularise illegal structures in the state saying it was against the provisions of the State Town Planning Act (MRTP).
     

Second policy to be scrapped in a year: Bombay HC rejects draft regularisation policy again, calls it ‘illegal’

Publication: THE INDIAN EXPRESS Date : 25 MARCH 2017
Terming the draft regularisation policy of the state government as “illegal,” the Bombay High Court Friday rejected the policy which sought to regularise all illegal structures built prior to December 31, 2015.

INFRA NEWS

     

Battle for greens? - The game must go on...

Publication: MUMBAI MIRROR Date : 25 MARCH 2017
With Metro III project shrinking Azad Maidan and sports out of bounds, BMC asks city collector to get Bombay Gymkhana to open up its ground so that cricket can be played

OTHER CITY NEWS

     

Navi Mum civic chief who took on land mafia shunted

Publication: TIMES OF INDIA Date : 25 MARCH 2017
Navi Mumbai:Demolition Man Gets Marching Orders Without Being Assigned A Posting. Navi Mumbai municipal commissioner Tukaram Mundhe, who withstood political pressure to crack down on land encroachers and illegal constructions in the region, was abruptly transferred on Friday evening without being assigned a post.

CITY NEWS

     

Maharashtra govt mulls hiking rent for leased plots

Publication: HINDUSTAN TIMES Date : 25 MARCH 2017
Grappling with a cash crunch and fiscal challenges, including the seventh pay commission burden and a possible loan waiver, a section within the state government is hoping to make the most of its key resource — land.

REALTY NEWS

     

REITs have $121-b Realty to Play in

Publication: ECONOMIC TIMES Date : 25 MARCH 2017
Mumbai: Rent-yielding office inventory accounts for over half of the total valuation of assets that can be listed: report
     

One-year window limits effectiveness of interest subsidy scheme for housing

Publication: BUSINESS LINE Date : 25 MARCH 2017
March 24, 2017: The Centre’s credit-linked interest subsidy scheme for housing loans taken by people in the mid-income group has been pitted as a big relief to home buyers, with an upfront interest subsidy of ₹2.3-2.35 lakh.

26TH MARCH 2017

INFRA NEWS

     

NGT stay on Metro 3 work vacated: Mumbai Metro Rail Corporation

Publication: THE INDIAN EXPRESS Date : 26 MARCH 2017
CLAIMING THAT the stay on all construction work in Aarey for the Metro 3 has been vacated by the National Green Tribunal (NGT), the Mumbai Metro Rail Corporation (MMRC) began preparations for the soil survey at Unit 19 on Thursday.

CITY NEWS

     

In a first in 25 years, builder gets to use TDR in island city

Publication: TIMES OF INDIA Date : 26 MARCH 2017
Mumbai: Lodha Group Can Use 12,000 Sq M In Island City. For the first time in over 25 years, BMC has allowed a city builder, Lodha Group, to use transfer of development rights anywhere in Mumbai, including the island city.
     

Separate regulator for hsg socs soon

Publication: TIMES OF INDIA Date : 26 MARCH 2017
Mumbai: The state government have decided to form a separate authority only to regulate cooperative housing societies in Mumbai and suburbs.
     

SANTACRUZ BUILDER ROW - HC to BMC: Can more flats be built to house duped buyers?

Publication: TIMES OF INDIA Date : 26 MARCH 2017
Mumbai: The Bombay high court has directed the BMC to state if additional flats on podium level can be permitted in Shimmer, a residential tower in Santacruz (west) to accommodate buyers who were sold flats in unsanctioned floors..
     

Octroi, property tax collection soars this yr

Publication: TIMES OF INDIA Date : 26 MARCH 2017
Mumbai: Even as the BMC is gearing up for its financial budget, revenue from two of the biggest money spinners namely octroi and property tax has soared significantly this year.

REALTY NEWS

     

A paperless growth in housing finance

Publication: BUSINESS STANDARD Date : 26 MARCH 2017
After many years of a comfortable banking career with leading banks like GE Capital, Standard Chartered and Barclays, SandeepMenonand SujayPatil decided to shake things up a bit.
     

Housing, commercial infrastructure project developers tie up for green rating

Publication: BUSINESS LINE Date : 26 MARCH 2017
NEW DELHI, MARCH 26: Housing and commercial infrastructure project developers have now started developing sustainable habitats.
     

27TH MARCH 2017

HC NEWS

     

Hsg soc office bearers not liable for lift tragedy: HC

Publication: TIMES OF INDIA Date : 27 MARCH 2017
Mumbai: In what will spell relief for thousands of managing committee members in housing societies across Mumbai, the Bombay high court has ruled that they cannot be criminally prosecuted for a fatal lift mishap.

MANGROVES NEWS

     

63 cases of mangrove destruction in Mumbai in 2017 so far: State government

Publication: HINDUSTAN TIMES Date : 27 MARCH 2017
Unabated destruction of mangroves continues in the city with zero deterrence for violators, either through arrests or convictions, according to state government data.

CITY NEWS

     

CONSUMER AS KING - Higher compensation for buyer if bldr delays project

Publication: TIMES OF INDIA Date : 27 MARCH 2017
Builders execute agre ements in which they have a clause that either absolves them of the liability to pay interest, or stipulates payment of measly interest if they delay the project. Is such a clause binding?
     

BMC takes 10 years to act `urgently' on mall rehab project

Publication: MUMBAI MIRROR Date : 27 MARCH 2017
A decade after High Court order that had cited urgency, civic body seeks and gets Rs 39 crore deposited to relocate section of people displaced by projects. 
     

Townships along Maharashtra Samruddhi Corridor: With few takers for land-pooling, MSRDC offers direct land purchase

Publication: THE INDIAN EXPRESS Date : 27 MARCH 2017
THE MAHARASHTRA State Road Development Corporation (MSRDC) may have to drop plans to develop nodal townships along the Maharashtra Samruddhi Corridor, as it has found very few takers for its maiden attempt at land pooling.

REALTY NEWS

     

Lower your home loan EMI

Publication: TIMES OF INDIA Date : 27 MARCH 2017
Just like bank depositors, those bor rowing from banks also need to be alert in order to protect themselves against unnecessary charges. Here are the most common areas where banks tend to overcharge customers.
     

India prepares to invest in REITs

Publication: ECONOMIC TIMES Date : 25 MARCH 2017
The real estate investment trusts (REITs) are likely to kick off in the next 12-14 months helped largely by liberalised regulatory norms and demonetisation, leading property consultant Knight Frank said in a report.

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