4TH APRIL 2017

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MCHI-CREDAI

WET LAND NEWS

     

50-acre wetland in Gorai destroyed: Report

Publication: ASIAN AGE Date : 04 APRIL 2017
Mumbai: A confidential report by chief conservator of forest of mangroves cell accessed by The Asian Age has claimed that Pan India Paryatan Ltd (PIPL) of Essel group destroyed 50-acre mangroves land to carry out the construction of a resort in the wetlands of Gorai.

 PAY AND PARK NEWS

     

BMC could make Rs1cr a mth from 18 SoBo parking lots

Publication: TIMES OF INDIA Date : 04 APRIL 2017
Mumbai: UPROAR IN CIVIC HOUSE OVER POLICY IMPLEMENTATION. Implementation of the controversial pay-andpark policy will make the country's richest municipal corporation even richer.
     

Soon, pay to use 330 parking lots in Mumbai

Publication: HINDUSTAN TIMES Date : 04 APRIL 2017
Mumbai: You will soon have to pay to park in 330 lots across the city, most of which have allowed free parking up to now. Under the state’s new pay-and-park policy, you will have to pay up to Rs 60 an hour – almost twice the existing rate – to use them.

 INFRA NEWS

     

Cuffe Parade restrictions for Metro-III to stay: HC

Publication: TIMES OF INDIA Date : 04 APRIL 2017
Mumbai: Asks Affected Residents To Give Suggestions Residents of three Cuffe Parade high-rises got no reprieve from the Bombay High Court over restrictions placed on a road for Metro-III work.
     

MMRCL plans to raise Rs 1,000cr from Aarey

Publication: TIMES OF INDIA Date : 04 APRIL 2017
Mumbai:Mumbai Metro Rail Corporation Ltd (MMRCL) will rehabilitate 768 families living in 27 buildings in Girgaum-Kalbadevi belt, who will be affected by the construction of the proposed Metro-III line.
     

Roads dept spent least money last year: BMC report

Publication: HINDUSTAN TIMES Date : 04 APRIL 2017
Mumbai: Continuing its track record of spending poorly, the Brihanmumbai Municipal Corporation (BMC) spent Rs4,156.49 crore — just 32.08% — of the Rs12,957.83-crore allocated for the financial year 2016-17.

 CITY NEWS

     

Extra FSI for builder but no rehab for airport slumdwellers: Report

Publication: TIMES OF INDIA Date : 04 APRIL 2017
Mumbai: Tweaking rules enabled Mumbai International Airport Limited (MIAL) to construct 28,000 tenements without incurring any cost, said the Public Accounts Committee in its 2015-16 report. It could have cost MIAL Rs 1,120 crore.

REALTY NEWS

     

Connaught Place world’s 9th most costly office location: CBRE report

Publication: HINDUSTAN TIMES Date : 04 APRIL 2017
Mumbai: Delhi’s Connaught Place is the world’s 9th most expensive office location with annual prime rent of USD 105.71 per sq ft, says property consultant CBRE.
     

$36-Bn Deals Seek to Tap Infrastructure Demand in Malaysia & India

Publication: ECONOMIC TIMES Date : 04 APRIL 2017
Mumbai:   Malaysian companies, backed by the country's government, are keen to get a slice of India's infrastructure play and have identified companies such as GMR Infrastructure and MEP Infrastructure to partner with.
 

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