07TH NOVEMBER 2018 NEWS

CITY NEWS

BMC hands over plot to trust

Publication: THE ASIAN AGE Date : 07 NOVEMBER 2018

Mumbai: In a major step towards the construction of the memorial for Shiv Sena founder Bal Thackeray, the Brihanmumbai Municipal Corporation (BMC) handed over the plot of the mayor’s bungalow at Shivaji Park to the Balasaheb Thackeray Rashtriya Smarak Nyas (BTRSN).

Maharashtra government eases Development Plan rule, offers sops to expedite Dharavi redevelopment project

Publication: DNA Date : 07 NOVEMBER 2018

The Maharashtra government has decided to offer various

CONTI...

Eye on 2019 polls: Government goes all out to save amnesty scheme for pre-2015 illegal buildings

Publication: THE INDIAN EXPRESS Date : 07 NOVEMBER 2018

While the Bombay High Court did not strike down the amnesty scheme entirely, it read down amendments introduced in the Maharashtra Regional Town Planning Act, 1966, in this regard that have virtually rendered it toothless.

Builders can seek tax rebates: Urban department notifies ‘green building’ policy

Publication: THE INDIAN EXPRESS Date : 07 NOVEMBER 2018

The Indian Green Building Council (IGBC) defines a green building as the one, which uses less water, optimises energy efficiency, conserves natural resources,

REALTY NEWS

Builders feel the GST pinch, rush to finish high-end projects

Publication: LIVE MINT Date : 07 NOVEMBER 2018

Mumbai: Property developers are rushing to complete high-end residential projects as buyers prefer ready-to-move-in homes to save on goods and services tax (GST)

Reforms Boost Global Investors’ Risk Appetite for Indian Realty

Publication: ECONOMIC TIMES Date : 07 NOVEMBER 2018

Mumbai: The combination of policy and regulation reforms in the real estate sector has increased the risk appetite of global institutional investors as they increasingly switch from

08TH NOVEMBER 2018 NEWS

INFRA NEWS

High risk of ‘bird hit’ at site for Navi Mumbai airport, warns study

Publication: THE INDIAN EXPRESS Date : 08 NOVEMBER 2018

“Navi Mumbai harbours a very high bird diversity, which is being threatened by fast-paced development,” states the study, which observed around 287 species within 10 km of the proposed site since December 2011.

Mumbai: Haji Ali coastal buffer increased, worried residents move court

Publication: THE INDIAN EXPRESS Date : 08 NOVEMBER 2018

With the final published Coastal Zone Management Plan marking the Haji Ali coastline as ‘sea’, the buffer zone where no construction is permitted will be up to 500 meters from the high tide line.

Navi Mumbai set to get a floating restaurant

Publication: DNA Date : 08 NOVEMBER 2018

Navi Mumbai is set to get its own floatels, or floating restaurant, like Mumbai, with the Maharashtra Maritime Board (MMB) planning to appoint a private entity to operate it in a bid to boost coastal tourism in the state

CITY NEWS

Maharashtra government mulls to open industrial units for low cost housing

Publication: DNA Date : 08 NOVEMBER 2018

Maharashtra government has planned to bring in a new policy for the utilisation of land of closed industrial units.

State housing body seeks clarity from Maharashtra government over Dharavi Redevelopment

Publication: DNA Date : 08 NOVEMBER 2018

The state government's October 16 decision to redevelop all five sectors of Dharavi together as one, via a special purpose vehicle (SPV), will likely transform one of the biggest slums in the continent.

‘Green building policy’: Maha govt proposes incentives for buyers and developers

Publication: THE INDIAN EXPRESS Date : 08 NOVEMBER 2018

The Maharashtra government would soon be signing an MoU with TERI-GRIHA (Green Rating for Integrated Habitat Assessment) and GBCI-LEED (Leadership in Energy and Environmental Design) to certify the buildings as green buildings.

REALTY NEWS

Maharashtra likely to clear residential activity on Bandra Kurla Complex commercial plots

Publication: THE INDIAN EXPRESS Date : 08 NOVEMBER 2018

According to sources, the state’s town planning wing has already cleared the proposal, and the file is now awaiting the approval of the Chief Minister-led urban development department.

NBFC liquidity crunch dims real estate sales this Diwalis

Publication: DNA Date : 08 NOVEMBER 2018

The real estate sector was in for yet another dim Diwali, particularly the residential segment, thanks to the recent liquidity crisis in the non-banking finance companies' (NBFC) sector triggered by IL&FS default.