8TH MARCH 2017

If you cannot read this email, please click here



MCHI-CREDAI

 DP NEWS

     

Cheap homes for Mumbai: Builders may get more incentives in new Development Plan

Publication: HINDUSTAN TIMES Date : 08 MARCH 2017 PAGE: 02
More and more no development zones could be opened up for construction over the next 20 years to build more affordable homes.
     

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

Publication: ET REALTY Date : 08 MARCH 2017 
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,

 AFFORDABLE HOUSING NEWS

     

No-development zones to host plots for affordable hsg

Publication: TIMES OF INDIA Date : 08 MARCH 2017 PAGE: 07
Mumbai: The planning committee's report on the draft Development Plan-2034 is likely to help BMC create more affordable houses than the 10 lakh planned earlier. For, it has renamed no-development zones (NDZ) as special development zones (SDZ).

 INFRA NEWS

     

HC allows cutting of mangroves for Versova-Lokhandwala bridge

Publication: TIMES OF INDIA Date : 08 MARCH 2017 PAGE: 04
Mumbai: The Bombay high court on Tuesday cleared the decks for the construction of a new steel arch-bridge to connect Yari Road to Lokhandwala that will cut down travel time by almost 30 minutes. 0

 CITY NEWS

     

State orders probe into missing MHADA flats

Publication: MUMBAI MIRROR Date : 08 MARCH 2017 PAGE: 04
Ravindra Waikar, minister of state for housing, has announced a probe by Spe cial Investigation Team (SIT) into the issue of builders not giving nearly 5,0000 flats to Maharashtra Housing and Area Development Authority (MHADA) admeasuring nearly 1.25 lakh square meters and worth more than Rs 6,000 crore.
     

Illegal bldgs: HC raps state over call from min's office

Publication: TIMES OF INDIA Date : 08 MARCH 2017 PAGE: 05
Mumbai: The Bombay high court on Tuesday questioned whether it was appropriate for calls to be made from a minister's office to a court receiver appointed to take possession of illegal buildings in Digha, Navi Mumbai.
     

Rishi's bungalow revamp `rattles' his neighbours

Publication: MUMBAI MIRROR Date : 08 MARCH 2017 PAGE: 04
Society claims actor illegally got permits to build a tower on part of its land; says excavation work is weakening their entire building, putting them at risk of a collapse
 

REALTY NEWS

     

Piramal Realty to Invest Rs 1,800 cr in Mulund Residential Project

Publication: ECONOMIC TIMES Date : 08 MARCH 2017
Piramal Realty, the real estate arm of the Piramal Group, will invest ` . 1,800 crore in its residential project spread over 8.4 acres in Mulund, a Mumbai suburb, said a top company official.
     

Blackstone, GIC, Brookfield hold more ground in office space segment

Publication: BUSINESS STANDARD Date : 08 MARCH 2017
Singapore’s sovereign wealth fund GIC has agreed to buy a 40 per cent stake in DLF Cyber City for over Rs 12,000 crore and US-based investment firm Blackstone is set to buy 15 per cent of K Raheja Corp’s office space portfolio for over Rs 2,000 crore.
     

Rural India trades up on its housing

Publication: LIVE MINT Date : 08 MARCH 2017
New Delhi: Rural India traded up on housing needs in the first decade of the new millennium, reveals new data released by the government.
 

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net