RR NEWS

Ready reckoner rates to go unchanged

Publication: TIMES OF INDIA Date : 07 MARCH 2018

Mumbai: The Maharashtra government will not increase the ready reckoner rates in the Mumbai Metropolitan Region (MMR), as per the recommendations made by the Cabinet sub-committee on Monday. Senior ministers said that orders would be issued soon.

RERA NEWS

Maharashtra: RERA dismisses plea of home buyer for delayed possession

Publication: FREE PRESS JOURNAL Date : 07 MARCH 2018

Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed a complaint filed by a home buyer regarding delayed possession and non-agreement of sale by the developer for project work.

AFFORDABLE HOUSING NEWS

20% HOMES FOR POOR A MUST FOR PLOTS OF ONE ACRE

Publication: MUMBAI MIRROR Date : 07 MARCH 2018

Lending a boost to affordable housing, the state government has made it mandatory for real estate developers to build 20 per cent affordable homes if they are developing a plot measuring one acre or more.

Builders to reserve 20% flats for the Economically Weaker Section

Publication: DNA Date : 07 MARCH 2018

Buildings constructed on a private land above 4,000 sq.m., will now have to reserve 20% of the total flats for Economically Weaker Section (EWS) and Lower Income Group (LIG).

AAI NEWS

AAI officer files PIL over bldg height ‘violations’ near airport

Publication: TIMES OF INDIA Date : 07 MARCH 2018

Mumbai: A senior Airport Authority of India (AAI) officer and “whistle-blower” has filed a criminal public interest litigation (PIL), seeking that a special investigation team (SIT) be set up to probe violations

Near-saturated Mumbai airport to seek help from consultants to increase capacity

Publication: HINDUSTAN TIMES Date : 07 MARCH 2018

In an attempt to increase the capacity of the Mumbai airport authorities are planning to seek help from aviation consultants.

CONTI...

Airports Authority of India to monetize 5% of land assets beginning April

Publication: MINT Date : 07 MARCH 2018

Mumbai: Airports Authority of India (AAI) will begin the process of selling about 2,750 hectares of land, or 5% of its land assets, in the year starting 1 April, as the state-owned airport operator seeks to boost its

INFRA NEWS

Charter, private flights may shift to Navi Mum airport

Publication: TIMES OF INDIA Date : 07 MARCH 2018

Mumbai: Charter and private aircraft flights might be moved to Navi Mumbai airport when it is operational, a top Mumbai airport executive said.

CITY NEWS

MLAs seek bigger homes for tenants of redeveloped buildings in Mumbai

Publication: ET REALTY Date : 07 MARCH 2018

MUMBAI: A 500-sq ft tenement offered free to tenants of all buildings taken up for redevelopment under the old and dilapidated building redevelopment scheme or the cluster housing redevelopment project.

Mumbai civic body starts demolishing illegal building at Byculla

Publication: HINDUSTAN TIMES Date : 07 MARCH 2018

Five years after a six-storey building in Byculla was declared illegal, the Brihanmumbai Municipal Corporation started demolishing it.

Wont allow new dumping grounds in municipalties says CM Devendra Fadnavis

Publication: DNA Date : 07 MARCH 2018

To ensure scientific disposal of municipal waste, the state government will not allow civic bodies to set up new dumping grounds, said chief minister Devendra Fadnavis.

OTHER CITY NEWS

‘Integrate wasteland with forests in state’

Publication: TIMES OF INDIA Date : 07 MARCH 2018

Navi Mumbai: In an effort to maintain at least 33% forest cover in the state in accordance with the national policy set by the ministry of environment and forests, an RTI activist and green researcher has suggested that all available wasteland in Maharashtra be clubbed along with forest land.

REALTY NEWS

Oberoi Realty eyes Rs1,000 crore rental revenue in next 3 years, plans REIT listing

Publication: MINT Date : 07 FEBRUARY 2018

Mumbai: Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years from its existing and upcoming commercial portfolio, a top executive said.