11 JANUARY 2020 NEWS

MCHI NEWS

Bowled over by MPL

Publication: TIMES OF INDIA Date : 11 JANUARY 2020

The real estate fraternity got together for the 7th edition of MPL (MCHI Premier League) to foster a sense of sportsmanship while also contributing towards a noble cause. Here is a report…

REALTY NEWS

‘Metro-politan Mumbai to boost avg vehicle speed to 30kmph by 2026’

Publication: HINDUSTAN TIMES Date : 11 JANUARY 2020

All 14 Metro lines, once operational by 2026, will boost the average speed of vehicles to 30kmph, from the current 17kmph, according to a study conducted by the Mumbai Metropolitan Region Development Authority (MMRDA).

12 JANUARY 2020 NEWS

CITY NEWS

Month after SC lifts stay, coastal road work starts at Marine Drive

Publication: TIMES OF INDIA Date : 12 JANUARY 2020

Mumbai: Marine Drive, or Queen’s Necklace, is set to change with BMC starting Mumbai coastal road work along it, almost a month after Supreme Court vacated a stay. A portion of the promenade close to Girgaum Chowpatty is now partially out of bounds to walkers and joggers, who use the 4.5km stretch daily, as part of their exercise routine.

13 JANUARY 2020 NEWS

REALTY NEWS

Lifeline from India's biggest bank offers beaten builders hope

Publication: BUSINESS TIMES Date : 13 JANUARY 2020

[MUMBAI] India's beleaguered developers see a glimmer of hope after the nation's biggest bank announced a programme that could unclog choked funding lines to the property market.

SBI comes to the aid of India’s distressed real estate developers

Publication: THE PRINT Date : 13 JANUARY 2020

New Delhi: SBICAP Ventures, which has been entrusted with the task of managing the proposed Rs 25,000-crore real estate stressed asset fund, cleared the first batch of four applications, lending Rs 25 crore each to the realtors.

Indiabulls exits three realty projects of investee firms

Publication: THE ECONOMIC TIMES Date : 13 JANUARY 2020

In the largest of these three transactions, realty developer M3M has repaid Rs 225 crore to the lender after raising funds from the State Bank of India for its residential development project M3M Golf Estate in Gurgaon. The project is spread over 56 acres and includes an executive golf course.

Realty investors look to build portfolios in India’s logistics sector

Publication: MINT Date : 13 JANUARY 2020

Logistics sector is the preferred rental class for investors, after commercial office and shopping malls. Blackstone is also in talks with Allcargo Logistics for a venture to set up warehouses

How realty boom transformed a tiny village

Publication: THE TIMES OF INDIA Date : 13 JANUARY 2020

Gundlapochampally: A tiny village with poor road connectivity till 2017, Gundlapochampally has turned into a sought-after residential and commercial destination. A massive growth followed Telangana government’s declaration of Gundlapochampally village as a municipality in 2018.