6TH MAY 2017

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MCHI-CREDAI

 MCHI NEWS

     

Cidco plots detailed plan to turn land leaseholders into owners

Publication: TIMES OF INDIA Date : 06 MAY 2017
Navi Mumbai   Proposal Applicable Only To Areas Under NMMC If all goes according to Cidco's plan, leaseholders in NMMC area can become actual owners of the properties which are still under 60 years of lease.

 RERA NEWS

     

Wait 3 months to slap RERA on builder

Publication: THE ASIAN AGE Date : 06 MAY 2017
Mumbai: Homebuyers who want to lodge a complaint against their builder, for alleged cheating, with the recently introduced Real Estate Regulatory Authority (RERA) may have to wait for as long as three months

 DEMONETIZATION NEWS

     

Demonetization impact reduces

Publication: DNA Date : 06 MAY 2017
Home launches pan-India dipped by 19% during the first quarter of 2017 as per a new propEquity study

 INFRA NEWS

     

HC lifts stay on felling trees for Colaba-Andheri Metro

Publication: TIMES OF INDIA Date : 06 MAY 2017
Mumbai:   Striking a balance between protecting the environment and development of Mumbai Metro III, the Bombay High Court on Friday vacated its order restraining further felling of trees for the 33.5km Colaba-Andheri SEEPZ line.

 CITY NEWS

     

Defence rings an alarm bell over Colaba tower

Publication: MUMBAI MIRROR Date : 06 MAY 2017
The luxe Waterfront Tower, which was cut to size by the BMC in 2011, now runs into trouble with the military authorities, who wants its height restricted to 46 metres
     

SoBo to get two towers with new CRZ norms

Publication: TIMES OF INDIA Date : 06 MAY 2017
Mumbai:   Plan To Build Tallest Hotel Was Cancelled A prime sea-facing Charni Road plot in south Mumbai will be developed by Pune-based Panchshil Realty, which had earlier partnered with Donald Trump to build Trump Towers in Pune.
     

With FSI restriction lifted, suburbs to get more high-rises

Publication: DNA Date : 06 MAY 2017
The Brihanmumbai Municipal Corporation has started approving projects with implementation of the new transfer of development rights (TDR) policy, that will lead to the construction of more high-rises in the suburbs.

 OTHER CITY NEWS

     

Cidco invites bids for a hotel, 6 residential bldgs

Publication: TIMES OF INDIA Date : 06 MAY 2017
Navi Mumbai: Projects Planned With Navi Mumbai Airport In Mind. Cidco's struggle to free its vast acres of encroached land has yielded valuable real estate. Now, seven plots spread across nine acres have been tendered
     

HC bans new construction on Ghodbunder road

Publication: DNA Date : 06 MAY 2017
bserving that concrete construction can remain without water but not human beings, the Bombay high court on Friday directed the Thane Municipal Corporation to refuse grant of permission for new construction until June 9, on Ghodbunder road.
     

After Mumbai residents complain of 48-hour water cuts, HC halts construction along Ghodbunder Road

Publication: HINDUSTAN TIMES Date : 06 MAY 2017
The court also restrained the TMC from issuing occupancy certificates to buildings that were completed recently. This will affect thousands who won’t be able to move in

REALTY NEWS

     

Godrej Prop to Exit Investment Arm

Publication: ECONOMIC TIMES Date : 06 MAY 2017
Godrej Properties, the real estate development arm of the Godrej group, has decided to sell its entire stake in its wholly-owned subsidiary Godrej Investment Advisers.
     

`Institutional Fund Flow into Commercial Realty Likely to Surge Four-fold This Year'

Publication: ECONOMIC TIMES Date : 06 MAY 2017
Divestment by large developers is estimated to drive four-fold rise in institutional funds inflow into India's commercial real estate this year to $3.5 billion, a new peak for these investments, said an RICS-Cushman & Wakefield report.
 

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