29TH & 30TH APRIL 2017

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MCHI-CREDAI

29TH APRIL 2017 NEWS

DGCA NEWS

     

Don’t act like a politician, high court lambasts DGCA

Publication: TIMES OF INDIA Date : 29 APRIL 2017
MUMBAI: Bombay high court on Thursday lambasted the Directorate General of Civil Aviation, telling it not to act like a politician and to focus on taking immediate action against highrises falling in the flight path of Mumbai airport.

RERA NEWS

     

New act likely to prolong slowdown in the realty sector

Publication: HINDUSTAN TIMES Date : 29 APRIL 2017
The Real Estate (Regulation and Development) Act (RERA), which will come into effect on May 1 and promises to safeguard the interests of homebuyers will also have a side effect: It is likely to prolong the slowdown currently experienced in the real estate market. At least in the short term

INFRA NEWS

     

Centre sets new date for Navi Mum airport: 2020

Publication: TIMES OF INDIA Date : 29 APRIL 2017
Mumbaikars' wait for a second airport just got longer. The Centre on Friday said the Navi Mumbai airport may get operational by 2020, a year later than earlier envisaged. Hitherto, the government was aiming for the first flight from the airport to take off by 2019-end.

CITY NEWS

     

Activists fume over debris dumping on Oshiwara mangroves, blame govt

Publication: TIMES OF INDIA Date : 29 APRIL 2017
Mumbai: Fear Metro Car Shed Reservation Will Open Up NDZ Plot For Devpt. Activists are fuming as trucks are dumping debris on an Oshiwara plot that is slowly , but surely, killing mangroves.

REAL ESTATE SUPPLEMENT NEWS

     

CREDAI has recently signed a 3-year MoU with SBI for the overall development and progression of the real estate sector in India

Publication: DNA Date : 29 APRIL 2017
Taking forward Government of India's dream of “Housing for All”, SBI and CREDAI have signed an MOU to collaborate and work towards the development of the real estate sector,

REALTY NEWS

     

MMRDA signs deals with Dubai and Qatar financial centres

Publication: THE INDIAN EXPRESS Date : 29 APRIL 2017
The MoUs will allow cooperation between the three to help establish a robust South Asia Middle East (SAME) financial corridor.

30TH APRIL 2017 NEWS

INFRA NEWS

     

Longer runway for wider reach

Publication: DNA Date : 30 APRIL 2017
While the Shri Saibaba Sansthan Trust has drawn up plans to celebrate the centenary year of Shri Sai Baba of Shirdi from October 1 to October 18, the state government plans to increase the runway length at Shirdi airport from 2,500 to 3,200 meters.

CITY NEWS

     

Buyers denied flat in Mumbai for being non-vegetarian: MNS

Publication: TIMES OF INDIA Date : 30 APRIL 2017
MUMBAI: The Raj Thackeray-led MNS has alleged that some builders in Mumbai were not selling flats to buyers who were non-vegetarian and also bringing in caste and community considerations in the transaction.

REVAMP NEWS

     

New tender sparks fresh hopes to revamp Crawford Market

Publication: DNA Date : 30 APRIL 2017
Failing to attract bidders for the long-due Crawford Market redevelopment project, the Brihanmumbai Municipal Corporation (BMC) floated another tender earlier in the month.
     

Govt tweaks circulars regarding rehabilitation of tenants in redevelopment projects

Publication: THE INDIAN EXPRESS Date : 30 APRIL 2017
The circulars stipulate the guidelines to be followed while determining the eligibility of tenants for free rehabilitation in redevelopment projects of dilapidated rent-controlled buildings in the island city.
     

Eager for new homes, Brit-era chawl tenants wary of promise

Publication: TIMES OF INDIA Date : 30 APRIL 2017
At some point during an interview, every resident of the city's BDD Chawls brings up the walls. “You can't hammer a na il into them, they're so thick,“ says one resident. “Even drill machines break,“ boasts another.

REALTY NEWS

     

Flat buyers won't lose I-T sops by adding kin name

Publication: TIMES OF INDIA Date : 30 APRIL 2017
Mumbai:   The Income-tax Appellate Tribunal (Mumbai bench) has, in a recent order, held that if the entire investment for purchase of a new residential house, along with stamp duty and registration charges,

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