09TH TO 11TH APRIL 2019

If you cannot read this email, please click here


MCHI-CREDAI

09TH APRIL 2019 NEWS

COURT NEWS

     

MoEF cleared plan to cut 53,467 mangrove trees, Bombay high court told

Publication: HINDUSTAN TIMES Date : 09 APRIL 2019
In all, 32.43 hectares of mangrove forest area in Mumbai and Thane needs to used for India’s first high-speed rail project, a letter from MCZMA to the director, Coastal Regulation Zone, MoEF, said.

CITY NEWS

     

Air India puts up 22 flats worth Rs 240.11 crore in Mumbai for sale

Publication: DNA Date : 09 APRIL 2019
The national carrier sold three of its flats for Rs 24.33 crore located in the Jupiter apartment at Altamount Road to Accountant General's office, Maharashtra.

REALTY NEWS

     

Housing supply, sales up in FY19

Publication: THE ASIAN AGE Date : 09 APRIL 2019
Developers reduced the average property sizes to align their products within the affordability bracket for more buyers

10TH APRIL 2019 NEWS

INFRA NEWS

     

Bombay High Court extends permission to BMC to dump waste at Deonar till December 31

Publication: THE INDIAN EXPRESS Date : 10 APRIL 2019
Related News Absconding, by itself, hardly any evidence of guilt: Bombay High Court Coastal Road project: Fishermen accuse BMC of expediting reclamation, violating HC order PUBG ban:
     

Reclamation at Worli will harm oyster beds, Bombay High Court told

Publication: THE INDIAN EXPRESS Date : 10 APRIL 2019
Reclamation for the Coastal Road project in Worli will adversely affect the lifecycle of oyster beds and the livelihood of fisherwomen, the ICAR-Mumbai Research Centre has observed
     

MMRDA hits back at former Monorail operator, claims 'passenger safety comes first for us'

Publication: DNA Date : 10 APRIL 2019
Passengers safety comes first, clarified Mumbai Metropolitan Region Development Authority (MMRDA) reacting on DNA's report on allegations made by former Monorail operator Larsen & Toubro and Malaysian Scomi Engineering (LTSE).

REALTY NEWS

     

No proceedings against top developer: Enforcement Directorate

Publication: DNA Date : 10 APRIL 2019
More than two years after so-called activists filed a complaint with a barrage of baseless allegations, the Enforcement Directorate has finally given a clean chit to Avighna Developers.
     

NBCC seeks more time to revise bid for Jaypee Infratech

Publication: ECONOMIC TIMES Date : 10 APRIL 2019
NBCC seeks more time to revise bid for Jaypee Infratech

11TH APRIL 2019 NEWS

MAHARERA NEWS

     

MahaRERA's bench begins hearing plaints via video conferencing

Publication: DNA Date : 11 APRIL 2019
The trial was on for a quite some time now, and finally, it was brought into effect and on Wednesday close to a dozen of such cases were heard by MahaRERA member, Vijay Satbir Singh via video conferencing.

CITY NEWS

     

Funds crunch forces builders to eye JVs, take up slum rehab

Publication: TIMES OF INDIA Date : 11 APRIL 2019
Mumbai: A slowdown in the city’s property market has led to a churn in the realty industry with builders struggling to complete their projects and looking for financially stable partners to help them do so.
     

Despite HC rap, Mhada says will give open plots for devpt

Publication: TIMES OF INDIA Date : 11 APRIL 2019
Mumbai: Driven by some of its top officials’ greed but hauled up by the courts, Mhada has made another flip-flop. The state housing authority is willing to let go of two prime plots reserved as recreation grounds in Juhu for residential purposes.

REALTY NEWS

     

Why is India’s real estate market stagnating

Publication: HINDUSTAN TIMES Date : 11 APRIL 2019
Developers have to seek clearances from multiple departments. They have to ensure compliance with a large number of rules and regulations that may be subject to revisions and pay steep official charges and fees. There are serious delays in granting permits and often, if applications are rejected, no clear reasons are given.
     

Realty stocks gain

Publication: BUSINESS STANDARD Date : 11 APRIL 2019
Key indices continued to trade with weakness in mid-morning trade. At 11:25 IST, the barometer index, the S&P BSE Sensex, was down 66.67 points or 0.17% at 38,872.55. The Nifty 50 index was down 19.15 points or 0.16% at 11,652.80. Realty stocks gained.

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