3RD DECEMBER 2016

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MCHI-CREDAI

MCHI NEWS

     

Builders, buyers taking realty route to get rid of black money?

Publication: HINDUSTAN TIMES Date : 03 DECEMBER 2016 PAGE: 02
MUMBAI: While most in Mumbai scramble to withdraw banknotes they can actually use, some others have found a way around the Centre’s move to scrap old Rs500 and Rs1,000 notes —

CITY NEWS

     

Another private forest land fight begins in HC

Publication: THE TIMES OF INDIA Date : 03 DECEMBER 2016 PAGE: 04 
MUMBAI: Over a hundred land owners, including Rohiqa Mistry , wife of the recently removed Tata Sons chairman Cyrus Mistry , challenged the state's move to treat their holdings as private forests before the Bombay high court on Friday.
     

Bureaucrats in dock for aiding builders

Publication: THE ASIAN AGE Date : 03 DECEMBER 2016 PAGE: 04 
MUMBAI: Chief minister Devendra Fadnavis has sought a written explanation from two Maharashtra Housing and Area Development Authority (Mhada) bureaucrats over floating bids for construction of affordable homes under Pradhan Mantri Awas Yojana (PMAY)

INFRA NEWS

     

CST-Panvel elevated corridor hits a 'not-so-standard' problem

Publication: DNA Date : 03 DECEMBER 2016 PAGE: 01
MUMBAI: The construction of the CST-Panvel elevated rail corridor has now thrown up a very peculiar situation for the Railways.
     

MMRDA plans to borrow for infra projects as land auction flops

Publication: HINDUSTAN TIMES Date : 03 DECEMBER 2016 PAGE: 05
MUMBAI: After failing to attract any bidders for its land at Bandra-Kurla Complex, the Mumbai Metropolitan Region Development Authority (MMRDA)

NAVI MUMBAI NEWS

     

PMO responds to sr citizen's plea for redevpt of old bldgs

Publication: THE TIMES OF INDIA Date : 03 DECEMBER 2016  PAGE NO: 09
MUMBAI:Thousands of families awaiting redevelopment of their Cidco buildings in Navi Mumbai, which were declared dilapidated over the past two decades,

PROPERTY SUPPLIMENT NEWS

     

Multiple benefits await home buyers

Publication: DNA Date : 03 DECEMBER 2016  PAGE NO: property
MUMBAI: CREDAI predicts housing demand in the primary market will rise due to the demonetization ripple effect and lower lending rates
     

AFFORDABLE HOUSING GETS A BOOST

Publication: DNA Date : 03 DECEMBER 2016  PAGE NO: property
MUMBAI: A RICS white paper has analysed the implications of GSt and RERA on the real estate sector
     

With demonetization, property prices likely to be lowered

Publication: MUMBAI MIRROR Date : 03 DECEMBER 2016 PAGE NO.: 10 
 MUMBAI: The government's decision to ban Rs 500 and Rs 1,000 currency notes is likely to hit the real estate sector hardest. However, the muchawaited moment for making homes affordable for buyers is here
     

Real Estate (Regulation and Development) Act, 2016: State-level dilution may give leeway to realtors

Publication: THE INDIAN EXPRESS Date : 03 DECEMBER 2016 PAGE NO.: 19 
 MUMBAI: Almost all states have tweaked the regulations of RERA in the interest of real estate developers mainly by excluding ongoing projects
     

Affordable Instruments: REITs may hold investment shifting from property market

Publication: THE INDIAN EXPRESS Date : 03 DECEMBER 2016 PAGE NO.: 19 
 MUMBAI: It provides the option to take part in real estate as an investment class without having to invest either a lot of money or a lot of research.

  REALTY NEWS

     

Refund 3 flat buyers for delay: SC to Unitech

Publication: THE TIMES OF INDIA Date : 03 DECEMBER 2016 PAGE NO.: 15 
 NEW DELHI: The Supreme Court directed real estate giant Unitech Ltd on Friday to refund money to three flat buyers for not handing over possession of their homes on time and asked it to deposit Rs 2 crore before its registry..
     

BK Birla group debuts in real estate, might earn Rs 125 crore in rent

Publication: BUSINESS STANDARD Date : 03 DECEMBER 2016 PAGE NO.: 04 
 The company said it would lease out two of its commercial properties - Birla Centurion and Birla Aurora in Worli.
     

Prajay Engineers launches affordable housing project

Publication: BUSINESS LINE Date : 03 DECEMBER 2016 PAGE NO.: 05 
 HYDERABAD, DECEMBER 2: Prajay Engineers Syndicate Ltd announced its plans to develop 15,000 affordable homes by the year 2019 in Hyderabad and its surrounding locations where the company has developed a land bank.
 

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