MANGROVE NEWS

Bombay HC asks for Google Maps images to assess extent of damage to mangroves

Publication: TIMES OF INDIA Date : 08 FEBRUARY 2017 PAGE: 10

MUMBAI: Observing that there was an impending need for the state to step in and prevent destruction of wetlands and mangroves, considering the “interest of the future generation,” the Bombay high court on Tuesday directed the state to submit older and current Google map images of wetlands and mangroves to help the court assess the extent of the damage.

 CITY NEWS

HC seeks Google maps to find out wetland damage

Publication: TIMES OF INDIA Date : 08 FEBRUARY 2017 PAGE: 10

Mumbai: The Bombay high court on Tuesday said the state government must equally take care of citizens' interests as it does of builders and ruthlessly stop destruction of wetlands near Mumbai.

Real estate sector needs just one clearance from green panel

Publication: HINDUSTAN TIMES Date : 08 FEBRUARY 2017 PAGE: 08

After the government ended multiple green approvals for the high “air pollution contributor” real estate sector, it now needs only clearance from a state environment authority, mostly headed by a retired bureaucrat. The sector has been exempted from appraisal under the Air and Water laws.

 OTHER CITY NEWS

First flight from proposed Navi Mumbai airport will take off in December 2019, says city planning body

Publication: HINDUSTAN TIMES Date : 08 FEBRUARY 2017 PAGE: 05

MUMBAI: The first flight from the proposed Navi Mumbai International Airport will take off in December 2019, CIDCO vice chairman and managing director Bhushan Gagrani has said..

REALTY NEWS

Auto Cos Star in Realty Show

Publication: ECONOMIC TIMES Date : 08 FEBRUARY 2017 PAGE: 05

NEW REAL ESTATE STRATEGY Rising rentals in big cities pinch cos' financials; auto makers now prefer to acquire land, building and office spaces in strategic locations across the country to de-risk operating costs

`THIN CAPITALISATION' NORM TO HIT PROFITS - Realty, Infra Cos Face Higher Tax Outgo Under New Rule

Publication: ECONOMIC TIMES Date : 08 FEBRUARY 2017 PAGE: 07

Real estate and infrastructure companies, already struggling with thin profit margins, could see a substantial fall in profits and a significant rise in tax liability next year due to the `thin capitalisation' concept unveiled in the Union Budget for 2017-18.

BUDGET 2017 - Home Sweeter Home

Publication: ECONOMIC TIMES Date : 08 FEBRUARY 2017 PAGE: 20

Finance minister Arun Jaitley's announcement of providing `infrastructure' status to affordable housing in his Union Budget speech last week has amplified the fact that the welfare of the common man lies at the core of this government's initiatives.