DP NEWS

Final DP draft puts zoo, Metro shed in Aarey, labels rest green zone

Publication: TIMES OF INDIA Date :  07 MARCH 2017 PAGE: 01

Mumbai The six-member planning committee tasked with looking into objections and suggestions for the city's Development Plan (DP) for the next two decades has, in its report submitted to outgoing mayor Snehal Ambekar on Monday , 

Development Plan 2034 gives boost to Mumbai’s eastern waterfront revamp

Publication: HINDUSTAN TIMES Date : 07 MARCH 2017 PAGE: 03

The development plan (DP) seems to have given the much-needed boost to the Mumbai Port Trust’s eastern waterfront project

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SMART CITIES NEWS

Smart city mission: Implementation begins only in 49 out of 731 projects

Publication: HINDUSTAN TIMES Date : 07 MARCH 2017

Almost two years after the NDA government’s flagship mission to develop 100 smart cities was launched, progress in the 60 cities selected so far is yet to pick up pace.

 AFFORDABLE HOUSING NEWS

Stamp duty on affordable homes set to go?

Publication: TIMES OF INDIA Date : 01 MARCH 2017 PAGE: 10

Affordable houses may soon be exempt from stamp duty , which varies between 4% and 8% of the transaction value. Union minister for urban development and housing M Venkaiah Naidu said that his ministry has written to state governments to exempt affordable houses from stamp duty.

Real estate sector on a consolidation mode

Publication: BUSINESS LINE Date : 07 MARCH 2017

HYDERABAD, MARCH 3: The country’s real estate sector is passing through a phase of consolidation post the demonetisation, the Union Budget and changes in the regulatory environment, according to Gitamber Anand, National President of real estate body Credai.

 INFRA NEWS

Bandra-Versova sea link overcomes one more hurdle, gets environmental nod

Publication: TIMES OF INDIA Date : 07 MARCH 2017 PAGE: 05

Mumbai: The proposed 9.89-km Bandra-Versova sea link has got an environmental clearance.

 OTHER CITY NEWS

Navi Mum-Alibaug boat service likely from May 2019

Publication: TIMES OF INDIA Date : 01 MARCH 2017 PAGE: 037

Navi Mumbai:   Cidco has planned a Ro-Ro (roll-on rolloff) service for bigger oceangoing vessels from the passenger water terminal, in the initial stage of development, behind DPS and NRI Colony.

 CITY NEWS

Mumbai: High Court asks MPCB to verify BMC action, submit report

Publication: THE INDIAN EXPRESS Date : 07 MARCH 2017 PAGE: 05

The Bombay High Court asked the Maharashtra Pollution Control Board (MPCB) Monday to verify and submit a report based on the response of the Brihanmumbai Municipal Corporation (BMC)

REALTY NEWS

Centre warns against diluting, delaying Rera

Publication: FINANCIAL CHRONICLE Date : 07 MARCH 2017

The Centre notified the Real Estate Regulatory Authority (Rera) Act in October but few states have implemented it so far

Hiring, not firing for real estate this FY

Publication: FINANCIAL CHRONICLE Date : 07 MARCH 2017

Financial year 2017-2018 is going to be interesting for India’s real estate sector. Experts in the housing sector, which is also one of the country’s biggest employment providers, suggest that this ailing eco-system is all set to witness a big pickup in demand, pushing up prospects of hiring.