09TH JANUARY 2018

If you cannot read this email, please click here


MCHI-CREDAI

RERA NEWS

     

Why are real estate stocks rallying when cash flows may worsen after RERA?

Publication: MINT Date : 09 JANUARY 2018
While improved governance and accountability under RERA would be good for homebuyers, new procedures and costs of compliance may worsen near-term cash flows of large listed developers

REVAMP NEWS

     

Push for self-redevpt hsg policy as govt affirms support, speed

Publication: TIMES OF INDIA Date : 09 JANUARY 2018
Mumbai: All residents of Ajitkumar co-operative housing society in Goregaon (E) are set to get 25% extra carpet area owing to the redevelopment project they’ve recently taken up –
     

BMC gives Manthan Developer third chance to redevelop Pali Market

Publication: ET REALTY Date : 09 JANUARY 2018
This is the third extension given to Manthan Developer in eight months to rehabilitate 59 licensed vendors and shopkeepers. The builder has got an extension till April 30.
     

SRA appoints firm to make software for slum revamp

Publication: THE ASIAN AGE Date : 09 JANUARY 2018
Mumbai: Mumbaikars can now complete the process of revamping their slum areas without visiting the slum rehabilitation office through online procedure.
     

CMFadnavis launches scheme for self-redevelopment

Publication: THE ASIAN AGE Date : 09 JANUARY 2018
Under the said scheme, the bank would provide the required funds and deposit amount to the flat owners.
     

13 old buildings in Mumbai get Rs350 crore for self redevelopment

Publication: HINDUSTAN TIMES Date : 09 JANUARY 2018
With builders hitting monetary and regulatory roadblocks, self-redevelopment is emerging as an alternative model in Mumbai and the MDCC has approved 13 such projects worth Rs350 crore.
     

NGT NEWS

     

Floating hotel in Mumbai: High court junks plea for jetty opposite NCPA

Publication: HINDUSTAN TIMES Date : 09 JANUARY 2018
Rashmi Developments Private Limited will have to find a new location to build a jetty to ferry passengers to its floatel – floating hotel with five star facilities in the Arabian sea proposed to be anchored two nautical miles
     

No nod from Bombay HC for floating hotel, jetty near Nariman Point

Publication: THE INDIAN EXPRESS Date : 09 JANUARY 2018
The Bombay High Court Monday rejected a petition filed by a private developer seeking permission to construct a floating hotel and a jetty near Nariman Point in South Mumbai
     

Flouting green norms: NGT hikes penalty on builder to ₹190 crore

Publication: TIMES OF INDIA Date : 09 JANUARY 2018
Earlier Penalty In Pune Case ₹100Cr, Petitioner Had Sought Review

INFRA NEWS

     

Cidco inks three deals, boosts Navi Mumbai International airport

Publication: THE ASIAN AGE Date : 09 JANUARY 2018
Mumbai: In a bid to expedite the work of the New Mumbai airport, three important agreements were signed on Monday between City and Industrial Develop-ment Corporation (Cidco)

CITY NEWS

     

Powai housing case: Jolt for Hiranandani

Publication: TIMES OF INDIA Date : 09 JANUARY 2018
Mumbai: A special court on Thursday slammed the Anti-Corruption Bureau for seeking to close the probe in the Powai housing scam case in which developer Niranjan Hiranandani and public servants are named without completing the probe.
     

Maharashtra: Witnesses not must for property registration

Publication: DNA Date : 09 JANUARY 2018
Drawing up property agreements, whether rent or purchase, has become one step simpler with the state government deciding to rely on verified Aadhaar credentials of property exchangers,

OTHER CITY NEWS

     

Architects objects to Pune civic body's new building permit plan scheme

Publication: ET REALTY Date : 09 JANUARY 2018
The new scheme came into effect on January 1. Under the scheme, the building permission department will instantly issue receipts upon getting the self-declaration, which will be considered provisional building permission

REALTY NEWS

     

Shapoorji arm set to acquire Adani’s Bandra-Kurla Complex project for Rs 2,000 crore

Publication: ET REALTY Date : 09 JANUARY 2018
The platform, SPREF II, will be a Singapore-domiciled, rupee-denominated and close-ended fund planning to raise $500 million in equity

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