INFRA NEWS

Centre marks buffer zone around Sanjay Gandhi National Park, allows construction work

Publication: HINDUSTAN TIMES Date : 07 DECEMBER 2016 PAGE: 05

MUMBAI: The Union environment ministry on December 5 issued a notification, demarcating an area upto a radius of 4km around Sanjay Gandhi National Park,

Aarey Metro carshed gets govt's green nod

Publication: TIMES OF INDIA Date : 07 DECEMBER 2016 PAGE: 01

MUMBAI:The Union environment ministry has issued the final notification on the eco-sensitive zone (ESZ) around Sanjay Gandhi National Park and Aarey Colony ..

CONTI...

MoEF declares 4-km area around SGNP as eco-sensitive zone

Publication: THE INDIAN EXPRESS Date : 07 DECEMBER 2016 PAGE: 03

MUMBAI: According to the notification, the ESZ extends from a minimum of up to 100 metres and maximum of up to 4 km from the boundary of the SGNP..

 AFFORDABLE HOUSING NEWS

A year on, Maharashtra govt’s towering ‘housing for all’ claim falls flat

Publication: HINDUSTAN TIMES Date : 07 DECEMBER 2016  PAGE NO: 07

MUMBAI:A year after the Devendra Fadnavis-led state government adopted the Centre’s ‘housing for all’ mission, setting an ambitious deadline to create 19 lakh affordable houses by 2022,

MAHA DEVELOPMENT POLICY NEWS

Developers will get to run townships in Maharashtra for 10 years

Publication: HINDUSTAN TIMES Date : 07 DECEMBER 2016  PAGE NO: 01

MUMBAI: Developers building private townships on 100 acres of land or more in state will be allowed to build and look after infrastructure — internal roads, water supply,

CITY NEWS

Payout to buyer of flat is bldr's biz cost: Tribunal

Publication: TIMES OF INDIA Date : 07 DECEMBER 2016  PAGE NO: 04

MUMBAI: decision of the Pune bench of the income-tax appellate tribunal (ITAT), which has allowed compensation paid to buyers for delayed possession as a business deduction in the hands of a developer

Maha may tweak real estate Act

Publication: DNA Date : 07 DECEMBER 2016 PAGE NO.: 01

 The Maharashtra government wants to go the Gujarat way by dropping a clause from the Real Estate (Regulation and Development) Act, 2016  

`Return 15 open spaces in 15 days'

Publication: MUMBAI MIRROR Date : 07 DECEMBER 2016 PAGE NO.: 11

 BMC serves notices to plots, which are among the 88 remaining open spaces that it still had not taken back from private caretakers.  

  REALTY NEWS

SBI ready to cut lending rates if given relief in CRR

Publication: ET REALTY Date : 07 DECEMBER 2016

 Housing Finance sector in India is looking at exciting times ahead as the economy gathers momentum on the back of government's focus on stimulating the economic growth. It is on the cusp of a “golden age”  

No correlation between demonetisation and property prices: Irfan Razack, CMD, Prestige Group

Publication: ET REALTY Date : 07 DECEMBER 2016

 It is too early for me to talk about my guide line that we gave and the numbers but what I would say is the last two quarters we were more or less on track and we should continue to be in track.  

Soon, new buildings in Mumbai will have to set up waste treatment plants

Publication: ET REALTY Date : 07 DECEMBER 2016

 On Monday, the BMC’s improvement committee cleared a proposal to bring about changes in the Development Control Regulations (DCR) 1991 for the twin purpose..  

Piramal Enterprises bet on corporate lending, aims to double AUM in non-realty lending business

Publication: ET REALTY Date : 07 DECEMBER 2016

 Piramal Enterprises recently invested Rs 150 crore in sports based entertainment company Smaaash Entertainment, which is co-owned by cricketer Sachin Tendulkar.  

Housing.com returns to rentals business

Publication: LIVE MINT Date : 07 DECEMBER 2016 PAGE NO.: 05 

 Housing.com is relaunching rentals because demonetisation has hit real estate transactions, says chief executive Jason Kothari.