RERA NEWS

Maharashtra RERA chief to take over as MPA chairman

Publication: MID-DAY Date : 31 OCTOBER 2019

After the controversial resignation of retired IAS officer Ramanath Jha from the Mumbai Parking Authority (MPA) and other committees, retired IAS officer and RERA chief Gautam Chatterjee is set to take over as MPA's new chairman.

CITY NEWS

Goregaon-Mulund link road project: BMC faces impact study setback months after clearance

Publication: MID-DAY Date : 31 OCTOBER 2019

One of the most ambitious projects of the Brihanmumbai Municipal Corporation (BMC) — the Goregaon Mulund Link Road (GMLR) — has hit a roadblock with a report issued by the National Board for Wildlife (NBWL) asking the civic body to conduct an environment impact study before, in between and after completion of the project.

Natural history society to study effects of project on Sanjay Gandhi National Park’s bio-diversity

Publication: THE INDIAN EXPRESS Date : 31 OCTOBER 2019

The Bombay Natural History Society (BNHS) will study the effect on bio-diversity along Brihanmumbai Municipal Corporation’s (BMC) ambitious project Goregaon-Mulund Link Road (GMLR), a part of which will pass through the eco-sensitive zone of Sanjay Gandhi National Park.

Mumbai civic body plans tunnel to let GMLR pass through Film City

Publication: HINDUSTAN TIMES Date : 31 OCTOBER 2019

The cost of the ambitious Goregaon-Mulund Link Road (GMLR) project is likely to increase as the civic body has planned a box tunnel for the road’s 1.6-km section that will pass through Goregaon’s Film City to avoid disturbing the nearby area. The Brihanmumbai Municipal Corporation (BMC) plans to use the cut-and-cover method for the road going through Film City.

Mumbai at far greater risk from rising sea than earlier projected

Publication: TIMES OF INDIA Date : 31 OCTOBER 2019

How badly will Mumbai be affected by sea level rise caused by global warming? New research suggests that a much larger swathe of the city—and thus many more million people—will be affected by flooding and sea level rise than previously believed.

REALTY NEWS

Prestige to focus on affordable housing

Publication: ECONOMIC TIMES Date : 31 OCTOBER 2019

BENGALURU: Realty firm Prestige Estates Projects plans to focus on mid-income and affordable housing projects, the segment that has been driving demand for residential units in India.

Fresh home loans fall 6% in Q1 due to NBFC woes

Publication: TIMES OF INDIA Date : 31 OCTOBER 2019

Mumbai: Fresh disbursement of home loans and loans against property have fallen by 6% and 21% respectively in the quarter ended June 2019 compared to the corresponding period of the previous year due to stress in the non-banking finance company (NBFC) sector. According to a report by TransUnion Cibil, funding challenges are forcing NBFCs to shift from larger-value loans to smaller-ticket personal loans, which are riskier.

Shapoorji to ramp up mid-income housing business

Publication: MINT Date : 31 OCTOBER 2019

Under the Joyville brand, the Mumbai-based firm plans to acquire 3-4 land parcels in the next six months Shapoorji Pallonji Real Estate also plans to launch 6-7 housing projects between November and March, including three projects under Joyville Shapoorji Housing Pvt. Ltd