MCHI NEWS

Unchanged repo rate disappoints realtors

Publication: TIMES OF INDIA Date : 09 FEBRUARY 2017 PAGE: 04

MUMBAI: Realtors in the city have expressed disappointment as the RBI has kept the RR unchanged.

Alpod: Biggest paradigm shift in housing indutry

Publication: ACE UPDATES Date : 08 FEBRUARY 2017 PAGE:

MUMBAI: Fruitful in the long run with its productivity reducing the cost will play an important role.

 CITY NEWS

Parking racket in SoBo - BMC orders `free parking' signs at 28 sites

Publication: MUMBAI MIRROR Date : 09 FEBRUARY 2017 PAGE: 06

Mumbai: BMC chief Ajoy Me ht a on Wednesday ordered officials to install `Free Parking' signs at over two dozen parking zones in south Mumbai to prevent scammers from collecting money from motorists who are not aware of the nocharge status.

 OTHER CITY NEWS

Navi Mum airport: Villagers' consent to be sought again

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

NAVI MUMBAI: In a slight setback to the construction of the Navi Mumbai international airport, authorities have to convene a fresh gram sabha to obtain consent of 50% of villagers for acquiring land in the core aeronautical area of the project.

REALTY NEWS

Property funds turn to affordable segment

Publication: BUSINESS STANDARD Date : 09 FEBRUARY 2017 PAGE: 06

Private equity funds in real estate are looking at affordable housing after the Union Budget granted infrastructure status to the segment. Kotak Realty Fund was looking at launching an affordable housing fund and was in talks with investors, said sources in the know.

Realty, PE Cos Tap Refinancing Option

Publication: ECONOMIC TIMES Date : 09 FEBRUARY 2017 PAGE: 10

Bengaluru| Mumbai: In the backdrop of falling interest rate scenario, realty developers and private equity players are increasingly taking advantage of the refinancing route to lower their cost of funding and make an exit.

Sunteck Realty Plans Rs. 1k crore in to Invest ` Affordable Housing

Publication: ECONOMIC TIMES Date : 09 FEBRUARY 2017 PAGE: 10

Mumbai: Realty developer Sunteck Realty , known for premium residential projects, is forming a new vertical to explore the option of value housing in the backdrop of government's recent thrust on affordable housing. The developer is planning to invest up to ` ..