14 JANUARY 2020 NEWS

BUDGET NEWS

Budget FY21: Industry leaders call for policies to boost agricultutre, infra sectors

Publication: THE INDIAN EXPRESS Date : 14 JANUARY 2020

Participating in a panel discussion at a book launch, TVS Group chairman Venu Srinivasan sought more focus on job creation in Budget.

REALTY NEWS

MMRDA releases policy to directly connect private properties to metro stations

Publication: TIMES OF INDIA Date : 14 JANUARY 2020

MUMBAI: Private developers whose properties are close to metro routes can opt for direct connectivity to the closest metro station to enable easy access for those residing/working on these properties.

CITY NEWS

Choosing a listed builder doesn’t cut out the risk

Publication: MINT Date : 14 JANUARY 2020

Listed developers have defaulted in the past, so do your due diligence before buying. Just because a company is listed does not mean it will deliver a project on time or not indulge in any irregularity

15 JANUARY 2020 NEWS

CITY NEWS

100% tunnelling complete at half of Metro 3 stations

Publication: THE HINDU Date : 15 JANUARY 2020

The Mumbai Metro Rail Corporation Limited (MMRCL) has completed 100% excavation work at half the stations on Mumbai Metro Line 3.

Mumbai Trans Harbour Link: Uddhav Thackeray to launch first girder today

Publication: MINT Date : 15 JANUARY 2020

Mumbai Trans Harbour Link is expected to be completed by 2022 The total bridge will be 22 km long with 15.5 km running in the sea

Thackeray to launch first girder for Trans-Harbour Link at Sewri today

Publication: HINDUSTAN TIMES Date : 15 JANUARY 2020

Maharashtra chief minister Uddhav Thackeray will launch of the first girder for the Mumbai Trans-Harbour Link (MTHL) at Sewri on Wednesday. This will be one of the first big-ticket infrastructure projects that Thackeray will launch after assuming office in November 2019.

Govt to help builders in developing SRA projects

Publication: MUMBAI MIRROR Date : 15 JANUARY 2020

Under the proposed scheme, builders who don’t have money to pay premiums and development charges can lien flats and move ahead with project construction

REALTY NEWS

Govt lobbies for ‘rational’ approach to new RR rates

Publication: TIMES OF INDIA Date : 15 JANUARY 2020

Pune: Land use changes in the past two years, boundary modifications from rural to urban areas, sale transactions in all zones and alterations in the development control rules will be reflected in this year’s “rationalized” Ready Reckoner (RR) rates expected to be announced on April 1.

Leasing activity up as demand for office space soars

Publication: ECONOMIC TIMES Date : 15 JANUARY 2020

Mumbai: Sustained robust demand for office spaces has pushed leasing activity across the country in 2019 to a new record high. The demand is expected to remain strong in 2020 with occupiers' preference for pre-leasing commercial real estate to future-proof their portfolios and hedge against rental escalations.