28TH & 29TH AUGUST 2019

If you cannot read this email, please click here





Bombay High Court orders razing of buildings on mangrove

Publication: DNA Date : 28 AUGUST 2019
The Bombay HC on Tuesday ordered that all constructions which have come up on land which used to be originally mangroves in Mumbra-Diva area, be pulled down immediately.

Mumbai: Soon, builders won’t need to apply separately for environment clearance

Publication: THE INDIAN EXPRESS Date : 28 AUGUST 2019
Once rolled out, the reform will ensure that developers or land owners, whose plots are affected by coastal zone regulations, won’t need to file a separate application for environment clearance

Ramps at key commercial buildings impractical: Bombay HC

Publication: ET REALTY Date : 28 AUGUST 2019
MUMBAI: The BMC on Monday admitted before the Bombay High Court that at least four of the 13 places it surveyed on the court’s directions last week did not have ramp facilities.

Bombay HC allows MMRDA to acquire JVPD plot for metro

Publication: ET REALTY Date : 28 AUGUST 2019
MUMBAI: The Bombay high court on Monday held that “larger public interest outweighs legitimate expectations” of a housing society and directed that a government agency could proceed to legally acquire an upmarket Juhu Vile Parle Development (JVPD) scheme plot for the Metro 2B rail route.



FM says all options on the table for utilizing RBI's ₹1.76-trillion funds

Publication: MINT Date : 28 AUGUST 2019
Any question on the central bank’s credibility is outlandish: Sitharaman On questions being raised about the large transfer of surplus to the government, Sitharaman said the Jalan committee had eminent experts and was set up by RBI itself

Environmental clearance for realty projects within 60 days to boost investment, lower costs for end-users

Publication: FINANCIAL EXPRESS Date : 28 AUGUST 2019
In order to give a boost to investments in the real estate sector and ensure timely delivery of projects to customers, the Union Environment Ministry has proposed to set the mandatory period of procuring an environment clearance within a flat period of 60 days as against 108 days currently.




Air you breathe is unsafe: Nitrogen dioxide levels high across Mumbai

Publication: HINDUSTAN TIMES Date : 29 AUGUST 2019
The report looked at the concentration of the three gases at five different spots – Worli in south central Mumbai, Khar and Andheri in the western suburbs, Bhandup and Deonar in the north-eastern suburbs of the city – through the year. Deonar was not included in the survey before 2018-19.

Now, revenue dept to keep record of rights for flats too

Publication: TIMES OF INDIA Date : 29 AUGUST 2019
Mumbai: Property rights for your apartment or commercial unit will now be maintained by the revenue department. The document will allow citizens to record the name of their intended successors.



Mhada’s home run: 950 flats in Powai and Virar

Publication: HINDUSTAN TIMES Date : 29 AUGUST 2019
The houses at Powai will have an area of more than 500sqft and will be priced at ₹60 lakh-₹70 lakh. The homes in Virar will have an area of 425sqft and will be sold for ₹15 lakh-₹20 lakh.



Cidco's mega plan to build 1 lakh houses impacts developers

Publication: DNA Date : 29 AUGUST 2019
The news that in Navi Mumbai's Sanpada, City and Industrial Development Corporation (Cidco) has identified 230 hectares of land where they aim to construct 1.09 lakh homes has created a hullabaloo in the real estate industry. Many developers say that this will impact the real estate industry not only in Navi Mumbai but even in central suburbs.



Tata Realty to invest up to ₹1,400 crore in three office projects

Publication: MINT Date : 29 AUGUST 2019
Tata Realty to build information technology parks of around 12 million sq. ft in Pune, Bengaluru and Chennai The Tata Group company also making a strategic shift to build more mid-income homes in the ₹40 lakh-plus category


Maker Bhavan II, 4th Floor, 18, Sir Vithaldas Thakersey Marg,
New Marine Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net