7TH APRIL 2017

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MCHI-CREDAI

 PORT NEWS

     

5,000 acres to be reclaimed to build port in Dahanu

Publication: TIMES OF INDIA Date : 07 APRIL 2017
Mumbai: Around 5,000 acres (2,000 hectares) will be reclaimed from the sea for the Vadhavan port, which will be India's first foreshore port, said Anil Diggikar, chairman, Jawaharlal Nehru Port Trust (JNPT). It is proposed 140 km north of Mumbai in Dahanu taluka of Palghar district.

 DP NEWS

     

`Let all know status of their feedback on DP'

Publication: TIMES OF INDIA Date : 07 APRIL 2017
Mumbai: The Shiv Sena in the BMC has written to CM Devendra Fadnavis demanding that every citizen who submitted a suggestion or objection to the draft Development Plan (DP) 2014-34 should be informed whether his feedback was considered or not..
     

BMC to hold tutorial on DP 2034 for newly elected corporators

Publication: HINDUSTAN TIMES Date : 07 APRIL 2017
The Brihanmumbai Municipal Corporation (BMC) will conduct a tutorial on the Development Plan (DP) 2034 for newly elected corporators on April 13, mayor Vishwanath Mahadeshwar told HT on Thursday.

 INFRA NEWS

     

Mumbai: MMRDA plans to begin work on five more Metro lines by December

Publication: THE INDIAN EXPRESS Date : 07 APRIL 2017
With an aim to connect different parts of the city with Metro lines by 2022, the Mumbai Metropolitan Region Development Authority (MMRDA) plans to begin work on five more lines in the city by December 2017. With that, the city will have eight Metro lines under construction simultaneously.

 CITY NEWS

     

City mega mall fails, turned into offices

Publication: TIMES OF INDIA Date : 07 APRIL 2017
Mumbai: Falling footfalls in Bhandup's Magnet Mall, one of Mumbai's biggest, has forced its developer to shut down and revamp the10 lakh sq ft premises into an office-cum-retail complex.
     

Bombay high court strikes down a 66-year-old land deal

Publication: HINDUSTAN TIMES Date : 07 APRIL 2017
Reiterating that the karta of a joint Hindu family cannot sell its ancestral properties, except in case of a legal necessity , the Bombay high court on March 31 struck down the sale of 20.69 acres in Chandrapur district, 66 years after the deal was made in October 1951.

 RBI POLICY NEWS

     

RBI policy: optimistic on growth, pessimistic on inflation

Publication: MINT Date : 07 APRIL 2017
Here’s what the Reserve Bank of India (RBI) said in its April 2017 Monetary Policy Report, released on Thursday: “Underneath current benign inflation conditions, there are broad-based inflation pressures, which make the inflation outlook for 2017-18 challenging.

 REITS NEWS

     

RBI to allow banks to invest in REITs, InvITs

Publication: MINT Date : 07 APRIL 2017
Banks will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), attracting more institutional investors to such assets and expanding the investment scope of banks.
     

Realty stocks hit the roof after banks allowed to invest in REITs

Publication: BUSINESS STANDARD Date : 07 APRIL 2017
Realty stocks surged on Thursday after the Reserve Bank of India (RBI) allowed domestic lenders to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
     

Banks may not rush to invest in ReiTs, InVITs: Analysts

Publication: BUSINESS STANDARD Date : 07 APRIL 2017
The Reserve Bank of India (RBI)’s move to allow banks to invest in Real Estate Investment Trusts (REITs) and Infrastructure Investment Funds (InvITs) might not find many takers, if experts are to be believed. .

REALTY NEWS

     

PMO asks all govt depts to spot unused lands for Housing for All

Publication: ECONOMIC TIMES Date : 06 APRIL 2017
NEW DELHI: After reaching the half-way mark of its term, Narendra Modi government is trying to give fillip to BJP's poll promise of Housing for All. .
     

PMO Seeks to Spot Vacant Land for Housing

Publication: ECONOMIC TIMES Date : 07 APRIL 2017
New Delhi: PLANNING IN FULL SWING Govt wants to build a land bank to give push to affordable housing initiative. Housing for All by 2022 was a major poll promise of the BJP in the run-up to 2014 parliamentary election
     

Indiabulls Real Estate, Lodha readying London projects

Publication: MINT Date : 07 APRIL 2017
In May, Lodha will formally launch its Grosvenor Square project in London; Indiabulls Real Estate launched its project Hanover Bond in March.
 

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