30TH AUGUST 2018

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MCHI-CREDAI

RERA NEWS

     

All realty projects to eventually come under RERA ambit, says minister

Publication: FINANCIAL EXPRESS Date : 30 AUGUST 2018
All real estate projects will eventually come under the ambit of the Real Estate (Regulation and Development) Act, housing and urban affairs minister Hardeep Singh Puri said.

INFRA NEWS

     

CM nod for Bandra-Versova sea link, E-way bypass & Vashi creek bridge

Publication: TIMES OF INDIA Date : 30 AUGUST 2018
Mumbai: The state government’s cabinet sub-committee on Wednesday gave the final nod to three crucial infrastructure projects: Bandra-Versova sea link, a bypass on the Mumbai-Pune Expressway and a third sixlane bridge on the creek at Vashi on the Sion-Panvel highway.
     

Maharasthra govt clears three road projects between Mumbai and other cities

Publication: HINDUSTAN TIMES Date : 30 AUGUST 2018
Your travel time between Mumbai and Pune is set to reduce by around 25 minutes in the next three years, as the state government has given a final approval to build the 13.3-km link between Khalapur and Kusgaon
     

Western Railway plans to build a new outstation train terminus at Vasai

Publication: HINDUSTAN TIMES Date : 30 AUGUST 2018
In order to reduce the load of outstation trains handled by the Bandra and Mumbai Central terminuses, the western railway (WR) has planned a new terminus at Vasai Road.
     

Mumbai HC to expedite hearing on Metro work near agiaries

Publication: HINDUSTAN TIMES Date : 30 AUGUST 2018
The Bombay high court has finally decided to hear and conclude the petition filed by the Parsi community against the Metro tunnelling work being carried out below two fire temples – one at the junction of Princess Street, and the other at Kalbadevi.
     

Mumbai: Not possible to build underground Metro 2B line, MMRDA tells Bombay High Court

Publication: THE INDIAN EXPRESS Date : 30 AUGUST 2018
The Bombay High Court was hearing a petition seeking to revoke the implementation of the proposed Metro 2B line and instead, consider planning and building
     

Ask residents association to deposit Rs 10K cr, MMRDA tells Bombay High Court

Publication: DNA Date : 30 AUGUST 2018
The Mumbai Metropolitan Region Development Authority (MMRDA), which is constructing the Metro 2-B project, between Andheri and Mankhurd, on Wednesday,

CITY NEWS

     

Mumbai: Higher FSI for buildings along narrow, 90 ft-wide roads

Publication: THE INDIAN EXPRESS Date : 30 AUGUST 2018
Some of the curbs imposed on buildable area for plots in Mumbai on the basis of road width are set to be relaxed. In the wake of concerns raised by the construction industry and elected representatives over the curbs, the Maharashtra government has decided to modify them.
     

BDD Chawl: Maharashtra government may bring in ordinance to forcibly acquire government land

Publication: DNA Date : 30 AUGUST 2018
The Maharashtra government has decided to bring in ordinance that will empower them to acquire government-owned land forcefully, to ensure that redevelopment on that land can take place smoothly.
     

Mumbai: BMC loses prime land again, this time 1 lakh sq ft

Publication: MUMBAI MIRROR Date : 30 AUGUST 2018
HC allows owners to develop two parcels of land in Borivali; SC in July rejected BMC plea to acquire 13,000-sq mt plot in Jogeshwari.

REALTY NEWS

     

Xander firm close to buying Omkar’s upcoming mall for ₹2,300 crore

Publication: MINT Date : 30 AUGUST 2018
Mumbai: Xander Group’s retail arm Virtuous Retail South Asia Pte. Ltd is close to buying an upcoming mall in Mumbai from real estate firm Omkar Realtors and Developers Ltd for ₹2,300 crore, three people aware
     

Lodha Developers likely to reduce size of its IPO

Publication: MINT Date : 30 AUGUST 2018
Promoters were seeking a valuation of ₹ 33,000-35,000 crore from the Lodha Developers IPO, which has now been reduced to ₹ 26,000-28,000 crore

 

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