9TH JUNE 2017

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MCHI-CREDAI

RERA NEWS

     

Realty Queries - RERA may Not Have an Immediate Impact on Prices

Publication: ECONOMIC TIMES Date : 09 JUNE 2017
With the implementation of RERA, I read that buyers cannot expect any new launches. Does this mean that the prices of existing projects would escalate? Should I look at buying a house now in Mumbai or wait for a probable fall in prices?

 HC NEWS

     

HC says Mumbai needs Metro, raps green activists

Publication: TIMES OF INDIA Date : 09 JUNE 2017
Mumbai:   Bombay High Court on Thursday reprimanded activists opposing the Colaba-Andheri SEEPZ Metro 3, saying they must take a pragmatic view considering the ground realities of travel in Mumbai.
     

Bombay HC livid on suggestion of giving varsity land to AAI

Publication: THE ASIAN AGE Date : 09 JUNE 2017
Mumbai: The Bombay high court has come down heavily on the suburban collector for asking the Maharashtra National Law University (MNLU) to discuss parting with a major chunk of a 60-acre plot
     

Metro is the need of the hour: Bombay HC to activists

Publication: THE ASIAN AGE Date : 09 JUNE 2017
The court said that the inconvenience caused by Metro works may take a year but would be good for our future generations in the long-term.

INFRA NEWS

     

Metro car depot at Aarey colony to stay, commercial tag may go

Publication: THE INDIAN EXPRESS Date : 09 JUNE 2017
" Mumbai won’t be bullied into giving up Aarey green for the Metro depot when other alternatives are available. While I fully support the need for a Metro system in Mumbai, the damage being done to Aarey is ridiculous,” said Aditya Thackeray, Yuva Sena chief.
     

Monorail delayed, yet again

Publication: THE ASIAN AGE Date : 09 JUNE 2017
Mumbai: The MMRDA has revised the deadline for monorail for the 15th time and kept the same for December 2017. For now, 98 per cent of the monorail phase two construction from Wadala to Jacob Circle has been completed and trial runs for the same will commence soon.
     

Metro 3 to be ready for test rides by Jan 2018

Publication: THE INDIAN EXPRESS Date : 09 JUNE 2017
Senior MMRC officials said the agency had identified land parcels near the Churchgate railway station, Mahalaxmi, Bandra-Kurla Complex, and the international airport to kickstart the tunnel building work.

CITY NEWS

     

Each unit in cessed bldg could fetch you a flat in new redevelopment plan

Publication: MUMBAI MIRROR Date : 09 JUNE 2017
Earlier, MHADA would allot just one flat irrespective of no. of units; builders to get higher FSI
     

Builder held for cheating buyers, investor of Rs 30cr

Publication: TIMES OF INDIA Date : 05 JUNE 2017
Mumbai:   Andheri police on Wednesday arrested a builder, Kirit Shah, for allegedly cheating flat buyers and an investor of Rs 30 crore. He sold flats in a building he was to construct at Hansa Residential Complex in Borivli (East), in 2012.
     

Mumbai suburb gets green brigade to protect its mangroves

Publication: HINDUSTAN TIMES Date : 09 JUNE 2017
Mumbai city news: The Thane district collector, Mahendra Kalyankar, has formed a mangrove protection brigade — the first time any district collector’s office has set up such a team to protect coastal biodiversity along Maharashtra’s coast.
     

Website to tell if property is viable

Publication: THE ASIAN AGE Date : 09 JUNE 2017
On the site, a user can find relevant information via the options ‘E-Search’, ‘E-Disnic’ and ‘E-Court’.

REALTY NEWS

     

Loans to Buyers of Affordable Houses may Rise

Publication: ECONOMIC TIMES Date : 09 JUNE 2017
Mumbai:   Decision to lower risk weight may also benefit HFCs if NHB adopts a similar move
     

ET Q&A - `Cos Low on Cash Can Lend More with Same Capital'

Publication: ECONOMIC TIMES Date : 09 JUNE 2017
RBI LOWERS risk-weight provisions and standard asset provisioning to bring down interest rates
     

Real Estate Developers Tap Big Data to Grow Business

Publication: ECONOMIC TIMES Date : 09 JUNE 2017
Mumbai:   Cos such as Lodha, DLF using analytics to cut costs, score over rivals Of late, Indian consumer firms and retailers have sought to grasp the correlation between, say, the colour of packaging and income thresholds.
 

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