27TH TO 29TH JULY 2019

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MCHI-CREDAI

27TH JULY 2019 NEWS

CITY NEWS

     

SC admits plea to restart work on Coastal Rd

Publication: TIMES OF INDIA Date : 2७ JULY 2019
Generating hope for revival of the stalled Rs 14,000 crore Mumbai coastal road project, the Supreme Court on Friday entertained a petition filed by Municipal Corporation of Greater Mumbai (MCGM) challenging a Bombay High Court verdict stopping work on grounds of lack of environment and wildlife clearances.
     

Mumbai: Noted structural engineer questions BMC’s plans of bridge demolition

Publication: INDIAN EXPRESS Date : 27 JULY 2019
Structural architect Shirish Patel runs a company that designs, manages and inspects structural engineering projects and was instrumental in designing Mumbai’s first flyover the Kemps Corner Flyover.
     

Supreme Court upholds stay on Mumbai's coastal road project, activists cheer

Publication: DNA Date : 27 JULY 2019
Yet again, the environmentalists have been left delighted, with the Supreme Court’s order on the Mumbai coastal road project.
     

Mumbai coastal road project: SC refuses to stay HC’s decision quashing CRZ clearance

Publication: MINT Date : 27 JULY 2019
SC to hear on 20 August the pleas against quashing of CRZ clearances to ₹14,000-crore project. The apex court sought response from fishermen's association, activists and residents on whose petitions the HC on 16 July quashed the CRZ clearances
     

SC refuses to stay HC order stopping coastal road work

Publication: HINDUSTAN TIMES Date : 27 JULY 2019
The Supreme Court (SC) on Friday refused to grant interim relief to the Brihanmumbai Municipal Corporation (BMC) and its contractors, who challenged the Bombay high court’s (HC)

REALTY NEWS

     

NBFCs with big realty loans must rebalance books: RBI

Publication: TIMES OF INDIA Date : 27 JULY 2019
Mumbai: The Reserve Bank of India (RBI) has asked nonbanking finance companies (NBFCs) with loans predominantly made to real estate companies to bring down their exposure to this sensitive sector.
     

Indian office space yields highest in Asia-Pacific

Publication: THE ASIAN AGE Date : 27 JULY 2019
Chennai: Investors find Indian office space realty favourable than many other markets in the Asia-Pacific region due to higher yield.
     

Despite slowdown, realty sector gets $2.7 billion fund inflows in H1

Publication: ECONOMIC TIMES Date : 27 JULY 2019
According to a report by Vestian-Ficci, the momentum of investment in the realty sector between 2015 and 2018 continued in the first half of 2019, with nearly USD 2.7 billion flowing in.

28TH JULY 2019 NEWS

REALTY NEWS

     

Fruits of judicial intervention

Publication: DNA Date : 28 JULY 2019
Over the last few years, the image of the Indian real estate sector has been tarnished by various court cases filed against developers.

29TH JUNE 2019 NEWS

SPECIAL INTERVIEW

     

Significant Rate Cut Would Do A Lot of Good to the Country

Publication: ECONOMIC TIMES Date : 29 JULY 2019
The finance minister says CAG’s comments on fiscal deficit are being looked into seriously. Figures are for the previous fiscal and questions have arisen due to extra-budgetary resources

CITY NEWS

     

43-km sea bridge may connect Versova-Bandra link to Virar

Publication: HINDUSTAN TIMES Date : 27 JULY 2019
A 42.75-km sea bridge is likely to connect the Versova-Bandra Sea Link (VBSL) to Virar, with connectors at Charkop, Uttan, Vasai and Virar.
     

Mumbai has more stalled projects, but NCR has 3x pending inventory

Publication: DNA Date : 27 JULY 2019
The metros, it seems can't finish what they start, if the stalled projects across the seven top cities are anything to go by. According to a report,
     

Builders refuse to hand over 50 PPLs to BMC

Publication: HINDUSTAN TIMES Date : 27 JULY 2019
Even as the Brihanmumbai Municipal Corporation (BMC) has rolled out its plan to impose hefty fines for illegal parking, it is yet to receive 50 of the 79 public parking lots (PPLs) approved by the parking committee.
     

Three cable-stayed bridges to rise in western suburbs

Publication: TIMES OF INDIA Date : 29 JULY 2019
Mumbai: If all goes according to plan, Mumbai will have three six-lane cable-stayed bridges—all in the western suburbs. The municipal body has invited expression of interest

REALTY NEWS

     

Real estate crisis: Homebuyers stay away, builders left with big inventory

Publication: FINANCIAL EXPRESS Date : 27 JULY 2019
Experts at Liases Foras put the average cost of an apartment at Rs 60 lakh, but in cities such as Mumbai, Delhi or even Bengaluru, it is well above this.
     

JLL India revenue grows 17 pc to Rs 4,000 cr in FY19; to hire 2,000 employees

Publication: THE ASIAN AGE Date : 27 JULY 2019
New Delhi: Property consultant JLL India's revenue rose 17 per cent to Rs 4,000 crore in 2018-19 despite slowdown in the real estate market and it plans to hire 2,000 employees by the end of the next year to sustain this growth momentum.
     

Distress knocks on Mumbai’s doors as liquidity crisis hurts real estate sector

Publication: MINT Date : 27 JULY 2019
Most lenders and institutional investors are wary about investing in Mumbai’s real estate market. Mumbai’s woes mounted because developers overestimated demand and the purchasing power of customers

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