25TH & 26TH JUNE 2019

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MCHI-CREDAI

25TH JUNE 2019 NEWS

COURT NEWS

     

Have approvals for coastal road, BMC tells HC

Publication: TIMES OF INDIA Date : 25 JUNE 2019
Mumbai: BMC on Monday told Bombay high court that it had all necessary approvals for the South Coastal Road (SCR) project.

INFRA NEWS

     

High land acquisition cost major hurdle in road construction: Gadkari

Publication: BUSINESS STANDARD Date : 25 JUNE 2019
Gadkari said some state governments are now coming forward to assure the ministry of easing land acquisition process and bearing its cost, which is helping in early implementation of projects

OTHER CITY NEWS

     

MSRDC to pay ₹16cr for green nod to bridge through creek area

Publication: TIMES OF INDIA Date : 25 JUNE 2019
Navi Mumbai: MSRDC, which is executing the Rs775-crore Vashi bridge lane expansion project, will on Tuesday make a payment of nearly Rs 16 crore in lieu of green clearance.

REALTY NEWS

     

Japanese MNC bids record ₹2,238cr for three-acre BKC plot

Publication: TIMES OF INDIA Date : 25 JUNE 2019
Mumbai: Japanese conglomerate Sumitomo has shaken Mumbai’s dormant property market by submitting a whopping bid of Rs 2,238 crore for a three-acre plot in Bandra-Kurla Complex.
     

Mega BKC deal could perk up sluggish property market

Publication: TIMES OF INDIA Date : 25 JUNE 2019
Mumbai: The Japanese conglomerate Sumitomo will be entitled to use a floor space index (FSI) of 4 on the three-acre plot it bought in BKC, allowing it a built-up area of close to 10 lakh sq ft, said an MMRDA official.
     

In slow real estate market, builders woo buyers with green, smart homes

Publication: BUSINESS STANDARD Date : 25 JUNE 2019
When Arkesh Mishra, 33, and his wife Anasuya scouted for a new home in India's tech hub of Bengaluru this year it was not the old real estate adage of "location, location, location" that was their main consideration - it was "peace of mind".

24TH JUNE 2019 NEWS

CITY NEWS

     

Housing sector begs positive steps in budget

Publication: THE ASIAN AGE Date : 26 JUNE 2019
The Union Budget needs to address the housing sector's issues, as housing finance companies are facing challenging times.
     

MSRDC hires developer for Versova-Bandra Sea Link

Publication: TIMES OF INDIA Date : 26 JUNE 2019
Mumbai: Countdown to construction of the Rs 7,000 crore Versova-Bandra Sea Link (VBSL) has finally begun.

REALTY NEWS

     

Godrej Properties aims to raise ₹2,100 crore via QIP

Publication: MINT Date : 26 JUNE 2019
Firm plans to use funds for working capital needs, repay debt and to invest in its units If Godrej Properties raises the money, it will make 2019 one of the best years for realty fundraising
     

Developers put foreign projects on hold amid crisis at home

Publication: MINT Date : 26 JUNE 2019
Indian developers who chased the projects in foreign locales in the go-go years of real estate are exiting them or putting their plans on hold, as they focus on the home market
     

With Piramal’s exit, life comes full circle for Shriram Group

Publication: FINANCIAL EXPRESS Date : 24 JUNE 2019
Piramal Enterprises and private equity firm TPG Capital have decided to sell their stakes in Shriram Capital Piramal invested in Shriram Group with a view to merge Shriram Cap with Piramal Enterprises

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