26TH TO 28TH NOVEMBER 2016

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MCHI-CREDAI

26TH NOVEMBER 2016 NEWS

     

HC appoints receiver for Santacruz bldg as builder fails to deliver after 7 years

Publication: TIMES OF INDIA Date : 26 NOVEMBER 2016  PAGE NO: 06
Buyers Had Paid Rs 68Cr To Kamla Landmarc Builder Since 2009
     

HC interim order reverses sealing of WTC, will hear case on Nov 29

Publication: THE TIMES OF INDIA Date : 26 NOVEMBER 2016 PAGE: 06 
MUMBAI: Within hours of the Mumbai collector sealing the offices of the World Trade Centre at Cuffe Parade, the Bombay High Court on Friday directed its de-sealing. The interim order, till November 29. .
     

Govt takes over WTC, seals offices of mgmt

Publication: MUMBAI MIRROR Date : 26 NOVEMBER 2016 PAGE: 02 
MUMBAI: Over two years of issuing notices and tonnes of paperwork later, the state government finally took control of the twin buildings of the World Trade Centre (WTC) in Cuffe Parade on Friday. .
     

Seashore as car park: Worli society gets collector notice

Publication: MUMBAI MIRROR Date : 26 NOVEMBER 2016 PAGE: 10 
MUMBAI: Madhuli society, which faces allegations of encroaching upon government land, was asked to explain why the vehicle zone should not demolished; final order expected next week. .
     

MMRDA fast-tracks 2 Metro corridors, trans-harbour link

Publication: HINDUSTAN TIMES Date : 26 NOVEMBER 2016 PAGE: 05  
MUMBAI:The Mumbai Metropolitan Region Development Authority (MMRDA) appointed a consortium of Aecom Asia Co. Ltd, Dar Al-Handasah
     

Will demonetisation help usher in real estate investment trusts?

Publication: BUSINESS LINE Date : 26 NOVEMBER 2016 PAGE: 10  
MUMBAI:Even as the secondary real estate market is bearing the brunt of demonetisation, commercial real estate seems to be unaffected. Industry players say that in the long term,
     

With benami holdings on government’s radar, anxious queries on new rules

Publication: ECONOMIC TIMES Date : 26 NOVEMBER 2016 PAGE: 07  
MUMBAI:In the backdrop of the government’s efforts to unearth black money and probable action against Benami properties,
     

Large Corporates Warm up to the Idea of Co-working

Publication: ECONOMIC TIMES Date : 26 NOVEMBER 2016 PAGE: 09  
MUMBAI: Large information technology , banking, financial services and insurance companies are increasingly opting for co-working spaces
     

Black money rampant in educational institutions, real estate: Government

Publication: FINANCIAL EXPRESS Date : 26 NOVEMBER 2016 PAGE: 03  
NEW DELHI: Tax department has unearthed Rs 32,000 crore through searches in last three fiscals and found that use of black money is rampant in sectors like real estate and educational institutions, government said today.
     

TALKING POINT - "The city of the future should grow vertically"

Publication: TIMES OF INDIA -PROPERTY Date : 26 NOVEMBER 2016  PAGE NO: PROPEERTY
Is Mumbai facing the challenges of modern-day living head-on or crumbling under pressure? 
     

25% dip in luxury property prices likely after demonetisation

Publication: HINDUSTAN TIMES - HT ESTATE Date : 26 NOVEMBER 2016 PAGE: 02  
MUMBAI:The demonetisation move is likely to hit luxury properties. Prices are likely to dip by as much as 25% to 30% as sellers struggle to offload properties to generate liquidity, says real estate consultancy JLL India. .

27TH NOVEMBER 2016 NEWS

     

Demonetisation:Builders rule out cuts in real estate prices

Publication: HINDUSTAN TIMES Date : 27 NOVEMBER 2016 PAGE NO: 02
MUMBAI: xperts and analysts have been predicting a fall in prices of houses after the Centre’s decision to demonetise old Rs500 and Rs1,000 notes,
     

CBI will now probe benami transactions in Adarsh scam.

Publication: HINDUSTAN TIMES Date : 27 NOVEMBER 2016 PAGE: 06 
MUMBAI: Years after filing the first charge sheet in the Adarsh Housing Society scam, the Central Bureau of Investigation (CBI) has now received permission to conduct further investigations in the case .
     

ULCRA SCAM - 30 developers under lens for land grab.

Publication: TIMES OF INDIA Date : 27 NOVEMBER 2016 PAGE: 14 
MUMBAI:Investigators probing the multi-crore Urban Land Ceiling Regulation Act (ULCRA) scam suspect around 30 builders usurped land that they were supposed to have surrendered to the government,
     

CM to rope in young fellows to develop 1,000 villages by 2018.

Publication: TIMES OF INDIA Date : 27 NOVEMBER 2016 PAGE: 06  
MUMBAI: With City and Industrial Development Corporation (CIDCO) granting extension of time to the companies eligible to submit international competitive bids,
     

RBI introduces incremental cash reserve ratio of 100 per cent.

Publication: FINANCIAL EXPRESS Date : 27 NOVEMBER 2016 PAGE: 01  
In an attempt to absorb some of the surplus liquidity available in the banking system, the Reserve Bank of India on Saturday asked banks to maintain an incremental cash reserve ratio of 100%,

28TH NOVEMBER 2016 NEWS

     

Lessees fearful of being hurt in WTC-govt clash

Publication: MUMBAI MIRROR Date : 28 NOVEMBER 2016 PAGE NO: 03
MUMBAI: The World Trade Centre lessees association says that they were as much in the dark as the authorities, and that the government should take action against
     

Fadnavis disputes claim, says MMR GDP is higher

Publication: TIMES OF INDIA Date : 28 NOVEMBER 2016 PAGE NO: 07
MUMBAI:Mumbai ranks 31st among 50 top metropolitan economic entities globally in 2015, as per latest data released by Oxford Economics.
     

MMRDA files complaint over 24-acre plot `usurped' using fake documents

Publication: TIMES OF INDIA Date : 28 NOVEMBER 2016 PAGE NO: 08
MUMBAI:A 24-acre farm plot in Ambernath taluka is suspected to have been usurped by a cartel of builders and fraudsters who fabricated revenue documents to classify the land as Non-Agriculture (NA) and secured a host of permissions from the authorities for construction activity.
     

Realty firms hope for revival in housing sales after rate cut

Publication: THE ASIAN AGE Date : 28 NOVEMBER 2016 PAGE NO: 13
MUMBAI:The realty industry body is very hopeful that home buyers would get at least a 50 basis point cut in home loan rates..
     

Eye in the sky to prevent intrusions on mangrove land

Publication: THE ASIAN AGE Date : 28 NOVEMBER 2016 PAGE NO: 08
MUMBAI:The cell currently is all set to demolish more than thousand encroachments in mangrove areas from December second week onwards.
     

`Tough Benami Property Law Coming'

Publication: ECONOMIC TIMES Date : 28 NOVEMBER 2016 PAGE NO: 08
MUMBAI:Prime Minister Narendra Modi launched a staunch defence of his demonetisation drive, saying people have wholeheartedly accepted the anti-black money initiative and understood the “path of truth“ in the national interest despite initial difficulties and efforts to misguide them..
     

Housing prices to drop up to 30%, wiping Rs 8 lakh crore in value

Publication: ECONOMIC TIMES WEALTH Date : 28 NOVEMBER 2016 PAGE NO: WEALTH
 NEW DELHI: Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008. ..
     

Affordable housing will outpace other real estate segments: Getamber Anand, CREDAI National

Publication: ECONOMIC TIMES WEALTH Date : 28 NOVEMBER 2016 PAGE NO: WEALTH
MUMBAI: Housing prices With demonetisation boosting liquidity, the real estate sector could witness lower lending rates and accelerated growth, Getamber Anand tells ET. .
 

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