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31ST MAY 2017

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MCHI-CREDAI

 MCHI NEWS

     

RERA helps bring down land rates in Navi Mumbai

Publication: HINDUSTAN TIMES Date : 31 MAY 2017
The Real Estate (Regulation and Development) Act has lowered land rates in Navi Mumbai by 25%-40% compared to the last auction.

RERA NEWS

     

RERA effect: Plot prices see a dip

Publication: DNA Date : 31 MAY 2017
Around few months ago a plot in Navi Mumbai's New Panvel area was sold for Rs 1.25 lakh per square meter. However, on Tuesday, when Cidco, the local planning authority held the auction for six plots, the highest bid received was of Rs 96,000 per square meter (sqm).

 INFRA NEWS

     

Mumbai-Nagpur expressway: MSRDC to raise Rs5,000cr from govt agencies

Publication: HINDUSTAN TIMES Date : 31 MAY 2017
The state government is exploring options to raise funds to start work on the ambitious Rs46,000-crore Mumbai-Nagpur Expressway project.

 CITY  NEWS

     

Maharashtra becomes first state in India to make LEDs mandatory in all new buildings

Publication: HINDUSTAN TIMES Date : 31 MAY 2017
The state cabinet on Tuesday cleared the energy conservation policy which paved the way for the state to make LED (light emitting diode) lights mandatory in all new buildings in the state.
     

LED bulbs a must for new buildings in Maharashtra

Publication: HINDUSTAN TIMES Date : 31 MAY 2017
In a major move to conserve electricity using energy-efficient technology, Maharashtra government has mandated that all upcoming buildings in the state,
     

Mumbai Developers Go `Compact' to Lure Home Buyers

Publication: ECONOMIC TIMES Date : 31 MAY 2017
Mumbai:   Cos try to right-price, right-size their offerings to improve cash flows; recent projects launched in suburbs priced below `1 cr

 REALTY NEWS

     

You cannot draw on provident fund to pay a personal loan

Publication: MINT Date : 31 MAY 2017
You cannot withdraw from your PF to service a personal loan
     

Piramal Fin Pumps Rs 565 cr into 2 Auto Parts Cos

Publication: ECONOMIC TIMES Date : 31 MAY 2017
Piramal Enterprises subsidiary Piramal Finance has invested ` 275 crore in RSB Group and ` 290 crore in Indoshell Mould in structured deals through its corporate finance group (CFG).

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