INFRA NEWS

Controlled blasting will pave way for Metro-3

Publication: DNA Date : 28 AUGUST 2017

With the tunnelling of city's first underground Colaba-Bandra-Seepz Metro-3 corridor set to commence by October, Mumbai Metro Rail Corporation (MMRC) has said that it will have to conduct controlled blasting at few locations

Project may be included in MUTP III: Officials

Publication: THE INDIAN EXPRESS Date : 28 AUGUST 2017

THE WORLD BANK that is partly funding projects under the Mumbai Urban Transport Project (MUTP) III has expressed interest to include the Panvel-

CITY NEWS

Mumbai’s gaothans up ante, form panel for protection from slum authority

Publication:HINDUSTAN TIMES Date : 28 AUGUST 2017

Mumbai’s East Indian community has formed an umbrella body, Gaothan Monitoring Committee, to protect its villages from the Slum Rehabilitation Authority (SRA).

Maha to get 21K more budget homes, 18K to be in MMR

Publication: DNA Date : 28 AUGUST 2017

In arguably the biggest push to affordable housing segment in the state in recent times, the central government approved nearly 21,000 homes on a single day on Wednesday under the Pradhan Mantri Awas Yojna

Mumbai’s real estate sees revival, builders rush to submit new construction plans

Publication: THE INDIAN EXPRESS Date : 28 AUGUST 2017

Mumbai’s real estate sector, which has been hit hard by a prolonged slowdown, is showing early signs of a revival. While the residential market continues to be sluggish, developers have been rushing to submit new construction

REALTY NEWS

Homebuyers are now creditors of builders

Publication: LIVE MINT Date : 28 AUGUST 2017

The corporate insolvency and resolution process (CIRP) initiated against Jaypee Infratech Ltd under the Insolvency and Bankruptcy Code, 2016, has triggered an amendment in the insolvency code itself.

Buy a home insurance policy that pays actual cost of repairs

Publication: LIVE MINT Date : 28 AUGUST 2017

I am looking to buy home insurance for my apartment. If I buy a long-term policy (10 years) now, will the rates be locked-in for the period, regardless of increase in premium for renewals?

Time for real estate advisers to evolve

Publication: LIVE MINT Date : 28 AUGUST 2017

In India, real estate along with equity capital markets have been the largest source of wealth creation among investors. But many investors tend to be over-allocated to real estate due to legacy holdings.