24TH DECEMBER 2019

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MCHI-CREDAI

INFRA NEWS

     

Mumbai: You Can Soon Reach WEH From Versova In 20 Minutes As BMC Brings JVPD Flyover Work Back On Track

Publication: MID-DAY Date : 24 DECEMBER 2019
After numerous delays and the threat of cancellation, plans for the ambitious Juhu-Vile Parle Development Scheme's (JVPD) flyover are back on track. The alignment of the flyover that will connect the Western Express Highway (WEH) and the Bandra-Versova Sea Link now has a tweaked alignment and will cross the Airport Authority land in Andheri West.
     

Metro-3 car shed: State panel studying alternative sites likely to seek extension

Publication: HINDUSTAN TIMES Date : 24 DECEMBER 2019
The committee appointed by the state to explore alternative sites for the Metro-3 (Colaba-Bandra-Seepz) car shed is likely to seek an extension to submit its report. The government had on December 11 appointed a committee to identify viable alternatives to the car shed site at Aarey Colony.

CITY NEWS

     

NGT rap on developer for not obtaining EC

Publication: MUMBAI MIRROR Date : 24 OCTOBER 2019
Developer was first issued a show-cause notice in 2014 after which he changed the name of the Pirangut project;
     

Government yet to clear 2,000 clauses of DP-2034

Publication: MUMBAI MIRROR Date : 20 OCTOBER 2019
Eknath Shinde given urban development portfolio but official not certain if there will be a cabinet rejig soon; they are
     

Maharashtra: Officials drag feet on Rs 24 crore recovery from developer

Publication: TIMES OF INDIA Date : 24 OCTOBER 2019
MUMBAI: Almost 10 months after MahaRERA issued recovery warrants for Rs 24 crore against Nirmal Developers following their failure to refund around 80 home buyers in the Nirmal Olympia project in Mulund, the buyers are yet to get their money.

REALTY NEWS

     

GIC to pick up Rs 430-crore stake in Prestige Estates

Publication: ECONOMIC TIMES Date : 20 OCTOBER 2019
Mumbai: Singapore’s sovereign fund GIC is investing around Rs 430 crore in listed real estate developer Prestige Estates through a preferential issue of equity shares.
     

Indiabulls to sell commercial properties to Blackstone for Rs 810 cr

Publication: BUSINESS STANDARD Date : 24 OCTOBER 2019
Indiabulls Real Estate said on Monday it would sell its commercial properties in Mumbai and Gurugram to US-based private equity fund manager Blackstone for Rs 810 crore.

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