26TH TO 30TH JANUARY 2017

If you cannot read this email, please click here



MCHI-CREDAI

26TH JANUARY 2017

MCHI NEWS

     

CM meets MCHI’s Mira-Virar unit

Publication: MUMBAI CHAUFER Date : 28 JANUARY 2017 PAGE: 07
MUMBAI : The article highlights Members of CREDAI-MCHI 'Mira Virar Unit' met with HON CM Shri Devendra Fadnavis regarding several issues of Mira Bhayender region.
     

CM meets MCHI’s Mira-Virar unit

Publication: NAVBHARAT Date : 28 JANUARY 2017 PAGE: 07
MUMBAI : The article highlights Members of CREDAI-MCHI 'Mira Virar Unit' met with HON CM Shri Devendra Fadnavis regarding several issues of Mira Bhayender region.

OTHER CITY NEWS

     

Navi Mumbai International Airport Project: CIDCO extends deadline for submission of bids

Publication: THE INDIAN EXPRESS Date : 26 JANUARY 2017 PAGE: 07
MUMBAI : After receiving a solitary bid from the GVK-led Mumbai International Airport Ltd for the Navi Mumbai International Airport project, the City and Industrial Development Corporation (CIDCO)

REALTY NEWS

     

offers wide choice in residential space

Publication: BUSINESS STANDARD Date : 26 JANUARY 2017 PAGE: 08
MUMBAI: Over the last few years, North Bengaluru has emerged as a prime residential hub in the city, and has become the venue of a maximum number of affordable residential projects,.
     

Government rules out any changes to the real estate Act at this stage

Publication: BUSINESS STANDARD Date : 26 JANUARY 2017 PAGE: 08
MUMBAI: Recently, there were some media reports that the Real Estate (Regulation and Development) Act (RERA), 2016 would be amended in some states.
     

Budget 2017: Incentives for job creation likely in labour intensive sectors

Publication: ET REALTY Date : 26 JANUARY 2017 
NEW DELHI: The government is considering a comprehensive employment generation package for millions of youth that enter the workforce every year.
     

Consolidation in realty sector to gain momentum post note ban: JLL

Publication: ET REALTY Date : 26 JANUARY 2017 
NEW DELHI: The real estate sector is likely to witness further consolidation as property sales and demand have been affected post demonetisation, according to realty consultant JLL India.
     

Heritage property downgrade by civic body angers activists

Publication: ET REALTY Date : 26 JANUARY 2017
KOLKATA: Conservation architects, heritage activists and prominent citizens of Kolkata are perturbed over the surreptitious manner in which KMC has downgraded buildings listed as heritage property.

 28TH JANUARY 2017

 MCHI NEWS

     

Bowled over!

Publication: TIMES OF INDIA Date : 28 JANUARY 2017 PAGE: PROPERTY
The `MCHI Premier League' is here. And it's time for realty stalwarts to get together for a game of cricket, in an endeavour to foster a sense of sportsmanship while also contributing towards a noble cause
     

BUDGET 2017-18 - TIME TO BUDGE

Publication: TIMES OF INDIA Date : 28 JANUARY 2017 PAGE: PROPERTY
Experts from the real estate industry are optimistic, like each year, a few days preceding the Union budget announcement. However, the hopes pinned this time are high. They discuss a few key initiatives that could redefine the fate of the sector and are uninhibited in doing so...
     

BUDGET 2017 EXPECTATION OF REAL ESTATE SECTOR

Publication: DNA Date : 28 JANUARY 2017 PAGE: PROPERTY
MUMBAI: Financial reforms, tax reforms and realization are need of the hour and will act as confidence boosters.

INFRA NEWS

     

Bullet train surveys to begin with BKC plot

Publication: DNA Date : 28 JANUARY 2017 PAGE: 03
MUMBAI: he decision on the terminal station for the Mumbai-Ahmedabad High Speed Rail at Bandra-Kurla Complex (BKC) is still hanging fire, but the National High Speed Rail Corporation, the firm building the line, has started technical surveys using the BKC plot as one of the ends of the alignment.

CITY NEWS

     

Consumer court rules completion certificate cannot be substituted

Publication: ET REALTY Date : 28 JANUARY 2017
PUNE: The district consumer court has ruled that an occupancy certificate obtained without the consent of the flat owner cannot be substituted for a completion certificate in relation to a housing project.

REALTY NEWS

     

Developers push for direct benefits to buyers

Publication: BUSINESS LINEDate : 28 JANUARY 2017 PAGE: 04
CHENNAI, JANUARY 27: The real estate sector has to be recognised as a priority sector to bring down overall cost of funds and increase financial support, according to Irfan Razack, Managing Director, Prestige Estates Projects.
     

All is not well with the realty segment

Publication: BUSINESS LINE Date : 28 JANUARY 2017 PAGE: 04
The year gone by has been a mixed bag – as far as the performance of real estate stocks are concerned. While stocks of DLF and Oberoi Realty gave handsome returns of 46 per cent and 33 per cent, respectively, in the last one year, Prestige Estate (-8 per cent) and Sobha Developers (-11 per cent) were a drag – with stock prices ending lower during the year.
     

Housing sector biggest beneficiary of demonetisation: Venkaiah Naidu

Publication: ET REALTY Date : 28 JANUARY 2017
VISAKHAPATNAM: Housing sector is the biggest beneficiary of demonetisation as interest rates have fallen, Union Minister M Venkaiah Naidu on Friday said and expressed hope that Finance Minister will announce more incentives for the sector in the Budget on February 1.

29TH JANUARY 2017 NEWS

INFRA NEWS

     

MMRC to stick to old method for building most Metro 3 stations

Publication: THE INDIAN EXPRESS Date : 29 JANUARY 2017 PAGE: 04
MUMBAI : THE MUMBAI Metro Rail Corporation (MMRC) will now be constructing only seven stations of the Metro 3 by the New Austrian Tunnelling Method (NATM) and the remaining 18 stations will be constructed by the cut and cover method.

CITY NEWS

     

Now, Aarey plot will be used as `temporary' casting yard

Publication: TIMES OF INDIA Date : 29 JANUARY 2017 PAGE:02
MUMBAI: A car depot for the Metro III project is not the only construction planned inside the eco-sensitive Aarey Colony . Around 8.6 acres of the 81 acres reserved for the depot are to be used for “real estate development“.

30TH JANUARY 2017 NEWS

INFRA NEWS

     

Medha train to run on Uran-Seawoods rail line

Publication: THE INDIAN EXPRESS Date : 29 JANUARY 2017 PAGE: 04
MUMBAI : The first indigenously built Medha train might run on the Uran-Seawoods line. Manufactured by a Hyderabad-based company, the train could travel on the upcoming Uran-Seawoods line, which is slated to start in 2018.

CITY NEWS

     

Builders faking tenants' list to erect towers: NGO

Publication: TIMES OF INDIA Date : 30 JANUARY 2017 PAGE:01
MUMBAI: Ever wondered how twoor three-storey buildings in congested localities are redeveloped into 40-storey skyscrapers in the island city?
     

Extra FSI to Maha builders who use bamboo

Publication: DNA Date : 30 JANUARY 2017 PAGE: 15
Mumbai: The Maharashtra state government plans to grant additional floor space index (FSI) to builders and developers who use bamboo in their constructions
     

Developer cannot give additional benefits to select residents, says Bombay high court

Publication: HINDUSTAN TIMES Date : 30 JANUARY 2017 PAGE: 03
Mumbai: A developer appointed for the redevelopment of a building must treat all tenants and occupants at par without conferring additional benefits to a selected few, the Bombay high court has ruled.

REALTY NEWS

     

NOTE-BAN BLIZZARD MAY COOL PROPERTY PRICES THIS YEAR

Publication: DNA Date : 30 JANUARY 2017 PAGE: MONEY
MUMBAI: Due to demonetization and a caution approach to buyers, property sales are expected.
     

Demonetisation: In Mumbai, real estate firms suffer no funds crunch after note ban, collect Rs 3,400 cr

Publication: FINANCIAL EXPRESS Date : 30 JANUARY 2017 PAGE: 03
MUMBAI: Several real estate companies have managed to raise Rs 3,400 crore in the past two months, following demonetisation, which shows that there is not enough pressure on funding.

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine
Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net