INFRA NEWS

High-speed rail corridors: Plan heads towards design

Publication: HINDUSTAN TIMES Date : 13 FEBRUARY 2020

The National High Speed Rail Corporation Limited (NHSRCL) recently invited bids for final alignment designs for six high-speed rail corridors in India. Two of these corridors will pass through Mumbai.

City’s shortest Metro line to be most profitable

Publication: TIMES OF INDIA Date : 13 FEBRUARY 2020

Only two of the Mumbai Metro projects, currently under execution, have a projected Financial Internal Rate of Return (FIRR) of over 10% indicating that the government expects to justify financing costs for most lines through indirect benefits from the projects. The FIRR is the return an investor can expect from a project for funds invested. If the FIRR is above the cost of funds, the project is viable.

CITY NEWS

Despite HC stay, BMC ordered demolition of our homes, Sion-Koliwada residents, activists allege

Publication: HINDUSTAN TIMES Date : 13 FEBRUARY 2020

Six months after the Bombay high court (HC) issued a stay on the demolition of koliwadas and gaothans, residents of Sion Koliwada on Wednesday have alleged that they were served notices by the civic body last week stating that their homes would be demolished on Tuesday.

23% FSI and fire-safety violations at Kamala Mills, finds civic body

Publication: HINDUSTAN TIMES Date : 13 FEBRUARY 2020

More than two years after a fire at the Kamala Mills compound in Lower Parel killed 14 people, a Brihanmumbai Municipal Corporation (BMC) inspection report of the premises revealed 23.24% floor space index (FSI) violations, 11.93% of which pertained to fire-safety norms.

Mumbai realtors score big among NRIs, wealthy

Publication: TIMES OF INDIA Date : 13 FEBRUARY 2020

NRIs and high networth individuals (HNIs) prefer to buy and invest in properties in Mumbai rather than Delhi NCR and Bengaluru, a report from property consultancy firm Track2Realty said. Out of the top 10 builders, five are from Mumbai, two from Delhi and three from Bengaluru.

BMC panel clears Cuffe Parade waste segregation plant

Publication: TIMES OF INDIA Date : 13 FEBRUARY 2020

Mumbai: BMC’s standing committee has cleared a proposal to award the contract for an automatic waste segregation facility on a one-acre plot at Cuffe Parade to Ahmedabad’s Nepra Resource Management.

REALTY NEWS

Real Estate Investment Trust: Tax benefits, transparency, diversity – key advantages of investing in REITs

Publication: FINANCIAL EXPRESS Date : 13 FEBRUARY 2020

Real estate in India is often seen as a product for investment as well as consumption. One’s home equity is often one’s biggest and most valuable asset and, therefore, a lot of thought and analysis goes into making the decision to buy real estate.