07TH & 11TH JULY 2018

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MMRDA gets special tag to speed up 5 Mumbai Metro lines

Publication: HINDUSTAN TIMES Date : 07 JULY 2018
The state government has granted the special planning authority status to the Mumbai Metropolitan Region Development Authority, the nodal authority for implementing Metro projects.

Mumbai: Tungareshwar Wildlife Sanctuary To Lose Several Hectares Of Forestland For Water Piepes

Publication: MID-DAY Date : 07 JULY 2018
Environment ministry gives nod to proposal seeking several hectares of forestland in Tungareshwar Wildlife Sanctuary to lay a water pipeline

Worli BDD chawl tenants to soon get a peek into their new homes

Publication: DNA Date : 7 JULY 2018
Beneficiaries of the Worli BDD chawl redevelopment will soon be able to see a sample of their dream homes soon.



Indiabulls Real Estate to sell office space to Blackstone for Rs 8.5 bn

Publication: BUSINESS STANDARD Date : 7 JULY 2018
Blackstone has invested over $5 billion across 30 real estate investments, of which $3.7 billion is in office space. It has built a portfolio of 78 million sq ft with its partners

NHB index points to stable residential property prices

Publication: BUSINESS LINE Date : 7 JULY 2018
Time ripe to buy property as there is no ‘gloom and doom’ in the housing sector, says NHB chief




Funds for tenants in redevpt plan to attract GST: Tax body

Publication: TIMES OF INDIA Date : 8 JULY 2018
Mumbai: In its recent order, the Authority for Advance Rulings (Maharashtra State) has held that compensation received by a tenant, covered by a redevelopment plan, for alternative accommodation during construction



Govt to cash in on defence land, treat transactions as capital receipts

Publication: BUSINESS STANDARD Date : 08 JULY 2018
In a marked shift in the way land belonging to the defence ministry is used, it has been decided that transactions in defence lands will be treated as capital receipts. Also, in order to cash in on the value of the real estate held by the defence ministry in metros and big towns




No criminal action against legit builders, assures CM

Publication: MUMBAI MIRROR Date : 09 JULY 2018
In meeting in which Amit Shah was present, CM says developers registered under RERA may face no action under IPC, MOFA for on-site mishaps

$100-billion Delhi-Mumbai Industrial Corridor (DMIC) project hits land hurdle in Rajasthan

Publication: FINANCIAL EXPRESS Date : 09 JULY 2018
The two projects in Rajasthan that are facing delay are the Khushkhera-Bhiwadi-Neemrana Investment Region & the Jodhpur-Pali-Marwar industrial area—were to come up over 160 sq km and 155 sq km,



Piramal Cap Plans Asset Aggregation Platform with $500m Fund

Publication: ECONOMIC TIMES Date : 09 JULY 2018
Proposed platform to be established through InvIT or alternate investment fund; to tap home and overseas markets for capital

Land prices fall on low demand, deals close at discounted rates

Publication: MINT Date : 09 JULY 2018
Mumbai: Land deals are being struck at rates lower than or the same as five years ago, brokers, builders and real estate consultants said, as lower residential demand from end consumers and high leverage among developers




New real estate funds focusing on stressed assets, affordable housing projects

Publication: MINT Date : 10 JULY 2018
Mumbai: Many new real estate funds are eyeing stressed assets and mid-income or affordable housing projects as the underlying theme for their investments.



Godrej moves HC over acquisition of land for bullet train

Publication: TIMES OF INDIA Date : 10 JULY 2018
Mumbai: The Godrej Group, Mumbai’s biggest private land owner, has petitioned the Bombay high court to shift the alignment of the Mumbai-Ahmedabad bullet train project 



Stress on urban planning to ease congestion

Publication: DNA Date : 10 JULY 2018
The Union Housing and Urban Affairs Ministry, in a bid to address the congestion problem in cities and to reduce the burden on urban infrastructure, has launched Local Area Plan (LAP) and Town Plan Schemes (TPS) for 25 cities in the country,



Navi Mumbai emerging as India’s newest office hub

Publication: MINT Date : 10 JULY 2018
Planned infrastructure, proximity to larger cities such as Mumbai and Pune, affordable rentals and availability of land and talent have prompted many companies to set up their back-end offices in Navi Mumbai



RInfra home power users to pay 3% less in ’19

Publication: TIMES OF INDIA Date : 10 JULY 2018
Mumbai: Reliance Energy’s residential consumers may end up paying 3% less for power in financial year 2019-20 than what they currently shell out.

Lodha Developers gets Sebi's approval to launch Rs 55 billion IPO

Publication: BUSINESS STANDARD Date : 10 JULY 2018
Realty major Lodha Developers has received markets regulator Sebi's go-ahead to launch Rs 55 billion initial public offering.

Govt announces new model to finance infra projects in smart cities

Publication: MINT Date : 10 JULY 2018
The cities would be encouraged to pitch projects in four particular sectors: sustainable mobility, public open spaces, urban governance & ICT, and social innovation in low-income settlements




Andhra tops in ease of doing biz, Maha slips to 13

Publication: TIMES OF INDIA Date : 11 JULY 2018
New Delhi: Andhra Pradesh topped the list of states on ease-of-doing-business ranking for the second year in a row, narrowly beating its neighbour and bitter rival Telangana in the closely watched contest.

Launches of residential units increase 40% in June quarter, says study

Publication: BUSINESS STANDARD Date : 11 JULY 2018
Launches of residential units have gone up 40 per cent in the second quarter of the current calendar year but sales of such houses have risen by a mere two per cent, said a new study.

Gujarat to have ‘Smart GIDC’ at Dholera SIR

Publication: BUSINESS LINE Date : 11 JULY 2018
AHMEDABAD, JULY 10 What is likely to fuel the pace of development at ambitious Dholera Special Investment Region (SIR), the Gujarat government is planning to set up a next-generation industrial estate as part of the project.


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