16 January 2020 NEWS


Maharashtra plans Kochi model to raze huge illegal buildings

Publication: Economictimes.indiatimes Date : 16 January 2020
PUNE: The Maharashtra government plans to replicate the Kochi model to pull down the illegal structures by roping in demolition expert S B Sarwate, a senior official in the urban development department said on Wednesday.

Dharavi residents oppose plan to re-invite redevelopment bids

Publication: Economictimes.indiatimes Date : 16 January 2020
Residents of Dharavi have decided to oppose any plan by the government of Maharashtra to re-invite bids for its ambitious project to redevelop Asia’s largest slum, in the centre of India’s financial capital, Mumbai.

15 January 2020 NEWS


Maharashtra government lobbies for 'rational' approach to new RR rates

Publication: Economictimes.indiatimes 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

Maharashtra government to help builders in developing SRA projects

Publication: Economictimes.indiatimes Date : 15 January 2020
MUMBAI: The state government will soon roll out a ‘lien’ scheme in a bid to bail out cash-strapped builders whose Slum Rehabilitation Authority (SRA) projects are stuck due to lack of funds.

14 January 2020 NEWS


Mumbai: Housing society ordered to pay compensation for denying membership

Publication: Economictimes.indiatimes Date : 14 January 2020
MUMBAI: A consumer court in Bandra directed a co-operative housing society in Andheri (west) to pay a woman Rs 1.50 lakh as compensation for causing mental and financial harassment by denying her membership for over a decade. Sonal Vasaikar had told the court that the apartment

13 January 2020 NEWS


Lifeline from India's biggest bank offers beaten builders hope

Publication: Business time 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 arm clears 4 applications for stressed real estate fund

Publication: Epaper Timesgroup Date : 13 January 2020
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: Economictimes.indiatimes Date : 13 January 2020
MUMBAI: Mortgage lender Indiabulls Housing Finance has exited three realty projects of its investee companies across Mumbai, the National Capital Region (NCR) and Hyderabad, worth nearly Rs 450 crore, said two persons with direct knowledge of the development.

Nirmal Lifestyle's Rs 40-crore Mulund plot to be auctioned to repay buyers

Publication: Economictimes.indiatimes Date : 13 January 2020
MUMBAI: In one of the biggest auctions under Real Estate (Regulation and Development) provisions in Mumbai so far, a 2597.40-sq m plot belonging of Nirmal Lifestyle group valued at Rs 40 crore in Mulund will auctioned by the Kurla Tahsildar

10 January 2020 NEWS


Maharashtra relaxes renting rules for housing societies built on government land

Publication: Economictimes.indiatimes Date : 10 January 2020
MUMBAI: The state administration has withdrawn a condition that required flat owners in housing societies built on land leased by the government to get the district collector's permission

09 January 2020 NEWS


Homebuyers in 25 stalled projects move MahaRERA

Publication: Economictimes.indiatimes Date : 09 January 2020
As many as 25 associations of allottees from Pune, Mumbai and Thane have approached the Maharashtra Real Estate Regulatory Authority for taking control of their stalled projects since January 1 this year.

Bombay HC junks property tax hike levied by Chandrapur civic body

Publication: Economictimes.indiatimes Date : 09 January 2020
The Nagpur bench of Bombay high court on Wednesday quashed the property tax hike levied on the citizens by Chandrapur Municipal Corporation (CMC) with effect from 2016-17. Interestingly, the hike was effected by the CMC in complete contrast to its earlier

08 January 2020 NEWS


Maharashtra's property registration website provides unclear information: Researchers

Publication: Economictimes.indiatimes Date : 08 January 2020
Information on the state property department’s registration website do not give a clear picture of the realty market transactions despite daily updates, data researchers feel.

Global Office Spaces at Quantum Hiranandani Estate Thane

Publication: businesswire india Date : 07 January 2020
Among the success stories that have driven the fame and prestige of ‘Twin City’ Thane, Hiranandani Estate on Ghodbunder Road is the largest residential and commercial mixed-used integrated township community.

07 January 2020 NEWS


ED suspends bank account of HDIL promoter's wife

Publication: Economictimes.indiatimes Date : 07 January 2020
MUMBAI: The Enforcement Directorate (ED) has frozen a bank account belonging to Anu Wadhawan, the wife of Sarang Wadhawan, the jailed promoter of Housing

Bombay HC asks Maharashtra government how data is used for ready reckoners

Publication: Economictimes.indiatimes Date : 06 January 2020
MUMBAI: The Bombay high court has directed the Maharashtra government to give information on the data used to decide land rates for its ready reckoners, a yearly index of market prices of properties.

02 January 2020 NEWS


MahaRERA says industrial units not under purview

Publication: Economictimes.indiatimes Date : 02 January 2020
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has in a recent order held that industrial units or buildings part of such units would not come under the purview of the Real Estate (Regulation and Development) Act, 2016.

01 January 2020 NEWS


Air India to seek clarity from Maharashtra government on its Nariman Point building

Publication: Economictimes.indiatimes Date : 01 January 2020
MUMBAI: State-run carrier Air India will request the new Maharashtra government to clarify whether it is still interested in taking over its iconic building in posh Nariman Point,

PMC Bank reported HDIL loan of only Rs 420 crore

Publication: Economictimes.indiatimes Date : 01 January 2020
MUMBAI: The beleaguered Punjab and Maharashtra Co-operative (PMC) Bank had allegedly misreported the unpaid loans of real estate firm Housing Development Infrastructure Limited (HDIL)



Nashik: Drone survey of villages in Rahata taluka completed

Publication: Economictimes.indiatimes Date : 30 DECEMBER 2019
The land records department has completed the drone-based survey of 123 villages in the Rahata taluka of Ahmednagar district in Nashik division as a part of the mapping of gaothan areas to present the right for dwelling on the gram panchayat land.

MahaRERA high on registration, low on grievance redressal

Publication: Economictimes.indiatimes Date : 30 DECEMBER 2019
Maharashtra may enjoy the top slot among states when it comes to registration of real estate projects and also in terms of complaints it has disposed off. But that is where the distinction ends.



In major revamp, govt clears merger of 8 railway services

Publication: TIMES OF INDIA Date : 25 DECEMBER 2019
New Delhi: In a major revamp of Indian Railways, the government on Tuesday decided to merge eight different services and create the Indian Railways Management Services, while restructuring the railway board to create a structure similar to a company board, as part of a plan to put the state transporter back on track.

Mumbai-Ahmedabad Tejas Express to halt at Borivli,three more stations

Publication: TIMES OF INDIA Date : 25 DECEMBER 2019
MUMBAI: The Railway Board decided to include Borivli and three other stations as halts for the private Tejas Express that will operate between Mumbai and Ahmedabad from next month.


BMC parking policy capped fine at Rs 800

Publication: MUMBAI MIRROR Date : 25 DECEMBER 2019
Parking policy approved in 2015 states that the penalty can only be four times the charges for a day’s parking in PPLs


How to deal with the demand slowdown

Publication: BUSINESS LINE Date : 26 DECEMBER 2019
Revival of demand is key not just for consumption, but also private investment. Tweaking the tax rates can help in this


Home sales jump in ‘showstopper’ Mumbai

Publication: ECONOMIC TIMES Date : 27 DECEMBER 2019
Home sales in Mumbai, India’s financial capital, jumped to the highest in four years as property developers switched focus to building cheaper apartments, according to Anarock Property Consultants.

Realty check: Sales, launches in Mumbai rise from 2018

Publication: HINDUSTAN TIMES Date : 27 DECEMBER 2019
The real estate sector in the Mumbai Metropolitan Region (MMR) witnessed a slight improvement this year compared to 2018, in terms of new project launches and sales. Experts attributed the improvement to the launch of more affordable houses.



Publication: TIMES OF INDIA Date : 28 OCTOBER 2019
Developer was first issued a show-cause notice in 2014 after which he changed the name of the Pirangut project;

NGT rap on developer for not obtaining EC

Publication: MUMBAI MIRROR Date : 24 OCTOBER 2019
According to a recent report, a whopping 49 per cent of Indian millennials aspire to buy a home. Here’s a report... ‘How do I plan my EMIs?’ is the quintessential question most millennial loan borrowers ask. However, the far more significant question is, ‘How do I plan my down-payment

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.


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.


WeWork India leases 2.3 lakh sqft office space in Mumbai

Publication: Magicbricks Date : 27 DECEMBER 2019
New York-headquartered collaborative workspace major WeWork's India arm has picked up nearly 2.3 lakh sqft office space at Nesco IT Park in Goregaon suburb of Mumbai on a long-term lease, several persons with direct knowledge of the development, said.

Wider Mulund-Thane bridge by May, says minister Eknath Shinde

Publication: Times Of India Date : 26 DECEMBER 2019
THANE: Motorists making the daily trip from here to Mumbai and back have a better drive to look forward to in 2020 as the first phase of the Kopri bridge widening project is expected to be completed by May.

Thane civic body asks BMC to build 6.8-km pipeline from Balkum to Mulund Check Naka for water supply to the city

Publication: Mumbai mirror Date : 04 DECEMBER 2019
The Thane Municipal Corporation (TMC) has asked its Mumbai counterpart to build a large pipeline from Balkum (at the northern end of Thane) to Mulund Check Naka on the Eastern Express Highway for supply of water to the city.

More and more home buyers are turning to RTMI homes: Here’s why

Publication: economictimes indiatimes Date : 26 DECEMBER 2019
Ready to move in homes - this is a term that every new and experienced homebuyer is often seen studying. In a country like India, home buying is much more of an emotional and personal milestone than an economic one.

Bids invited for supply of 234 nos metro cars for Mumbai Metro Line-4

Publication: Urban transport news Date : 26 DECEMBER 2019
The Mumbai Metropolitan Region Development Authority (MMRDA) invites bids from the eligible and experienced Rolling Stock manufacturer for the supply of 234 nos. Metro Cars (Rolling Stock) for Mumbai Metro Line-4.

HC allows MMRDA to cut 36, transplant 913 trees in Thane for Metro-4

Publication: HINDUSTAN TIMES Date : 26 DECEMBER 2019
In a reprieve for the Mumbai Metropolitan Region Development Authority (MMRDA), the Bombay high court (HC) on Friday vacated stay on tree felling for Mumbai Metro-4 that connects Wadala in eastern suburbs to Kasarwadvli on Ghodbunder Road in Thane.



Mumbai: Builders To Now Keep Stock Of Debris; BMC To Construct Two Processing Plants

Publication: MID-DAY Date : 21 DECEMBER 2019
In order to ensure that construction and demolition debris doesn't find its way to the three dumping grounds, the civic body will construct two debris processing plants in the city. In order to assess the requirement, the civic body has asked MCHI-CREDAI, an association of real estate builders to provide an estimate of the quantity of debris


Why can’t Mumbai breathe easy? It tops in PM10 among 24 cities

Publication: HINDUSTAN TIMES Date : 21 DECEMBER 2019
The city’s air has the highest concentration of PM10 – particulate matter of 10 microns and below, which can easily enter the lungs and cause health ailments – of 24 cities in peninsular India, says a study released by the Centre for Science and Environment (CSE) on Friday.

Why is Metro 4 car shed plot rented out: TMC corporators

Publication: HINDUSTAN TIMES Date : 21 DECEMBER 2019
Thane Municipal Corporation (TMC) had given away a plot of land for free to build a car shed for Metro 4 project. A BJP corporator alleged that for the past one year the unknown party has collected Rs48 crore in rent.

Bombay HC allows MMRC, TMC to clear 1,700 trees for metro, road works

Publication: BUSINESS STANDARD Date : 21 DECEMBER 2019
The Bombay High Court on Friday permitted the Mumbai Metro Rail Corporation Ltd (MMRCL) and Thane Municipal Corporation (TMC) to cut and transplant over 1,700 trees to build Metro Line 4 and for renovation of Thane district court as well as road widening projects.



No possibility of GST rate hike till revenue stabilises: Sushil Modi

Publication: BUSINESS STANDARD Date : 22 DECEMBER 2019
Days after the Goods and Services Tax (GST) Council refrained from hiking the tax rates, Bihar Deputy Chief Minister Sushil Kumar Modi said there was no possibility of any such move till revenue stabilised. He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting.


‘SRA designs curb air flow, worsen indoor air pollution’

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
The recent study, which reveals the indoor air pollution in Slum Rehabilitation Authority (SRA) homes in the city is five times the national limit, points to the need to revise the design policy for the buildings.

Air pollution in city’s SRA houses 5 times more than nat’l limit

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
Residents of low-income houses built in the city under the state’s Slum Rehabilitation Authority (SRA) scheme are exposed to high levels of indoor air pollution – similar to those living in slums – despite using low-emitting liquefied petroleum gas (LPG) cook stoves and electric lighting.

Bullet train project: Godrej again moves HC over land dispute

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
The dispute over the acquisition of land at Vikhroli for ventilation shaft and distribution and traction sub-stations of India’s first high-speed rail project between Mumbai and Ahmedabad, has again landed in the Bombay high court (HC) as Godrej and Boyce Manufacturing Company Ltd moved court in the case.



All existing notified SEZs deemed to be multi-sector SEZs: Government

Publication: BUSINESS STANDARD Date : 23 DECEMBER 2019
The central government has notified that all notified and existing Special Economic Zones (SEZs) shall be deemed to be multi-sector economic zones. This would release land parcels in single commodity SEZs for other sectors.


Highways sector to see ₹15 lakh cr investments in five years: Gadkari

Publication: MINT Date : 23 DECEMBER 2019
On the agenda for year 2020 is completing the about ₹12,000-crore Char Dham project The minister said with e-tolling coming into force, the toll income alone will cross ₹8,000 cr pa as ever since the FASTag system has been made mandatory


Maharashtra government may merge housing bodies

Publication: TIMES OF INDIA Date : 23 DECEMBER 2019
PUNE: The state government is considering bringing the several agencies in charge of affordable housing schemes under a single umbrella.

Committee to look into delayed SRA projects: Patil

Publication: BUSINESS STANDARD Date : 23 DECEMBER 2019
MaharashtraCabinet minister Jayant Patil said on Friday that a committee would be formed to enquire into incompleteSlum Rehabilitation Authority (SRA) projects.


The REIT way to play realty

Publication: HINDUSTAN TIMES Date : 04 OCTOBER 2019
ET Intelligence Group: Real estate investment trusts (REITs) can be an investment option for those seeking exposure to the realty sector amid lower demand and liquidity issues.

20 December 2019 News


HC nod to cut 500 mangrove trees for city infra projects

Publication: TIMES OF INDIA Date : 20 DECEMBER 2019
Mumbai: The Bombay high court on Thursday allowed state agencies to cut over 500 mangrove trees for infrastructure projects that were in the “public interest”, reports Swati Deshpande. The projects include an elevated corridor linking Airoli bridge to Thane-Belapur Road, a depot at Malwani for the Mumbai Metro 2A Dahisar-D N Nagar corridor and three bridges across Thane Creek for the proposed Navi Mumbai airport.

Rlys plans to upgrade LTT with two 8-storey terminals, commercial zones

Publication: TIMES OF INDIA Date : 20 DECEMBER 2019
Mumbai: Nearly three decades after its construction, Lokmanya Tilak Terminus, which caters to trains to east, north and south India, is set for a massive upgrade, with eight-storey terminals, three more platforms and commercial zones besides multi-level parking and skywalks.


Marina plan only for the rich, say urban planners

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
Urban planners are unhappy over the Mumbai Port Trust’s (MbPT) plan for a marina at Princess Dock in Mumbai, which will have a capacity of 300 yachts. They feel the project will cater to only a few elites and MbPT should utilise the funds to provide better amenities to Mumbaiites.

Clearing east coast for development: MbPT to release its revised plan soon

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
The Mumbai Port Trust (MbPT) will release a revised development plan for the city’s eastern waterfront soon.

Now Travel From South Mumbai To Navi Mumbai In Water Taxis

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
Water taxis are all set to roll out from 2020 which will enable Mumbaikars to travel from South Mumbai to Navi Mumbai in 30-40 minutes.


How to solve India’s real estate crisis

Publication: MINT Date : 20 OCTOBER 2019
Foreign funds and expertise can help stuck projects, but existing stakeholders will have to recognize deep losses Existing stakeholders will need to take some hard decisions and recognize deep losses

19 December 2019 News


Railways seeks private partner for real estate development

Publication: HINDU Date : 19 DECEMBER 2019
The Rail Land Development Authority (RLDA) has come up with plans for granting 99 years leasehold rights for commercial development of South Central Railway (SCR) land at Rifle Range and Chilakalguda. A Request for Proposal (RFP) notification has been issued for submission of e-bids online.

Elevated road will destroy the sanctity of MU, says Mungekar

Publication: HINDUSTAN TIMES Date : 19 DECEMBER 2019
Former vice-chancellor of the University of Mumbai (MU) and Congress’s former Rajya Sabha MP, Bhalchandra Mungekar, has raised questions over the varsity’s decision to hand over land to the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of an elevated road through the campus.


Civic body finds 7 plots to create 8,140 PAP homes

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
With housing units at Mahul ruled out after the Bombay high court (HC) order, the Brihanmumbai Municipal Corporation (BMC) has identified seven public plots, admeasuring over 1 lakh square meters, to build 8,140 housing units for those affected by various infrastructure projects.

Not handing over houses? BMC won’t give builder TDR for project

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
The Brihanmumbai Municipal Corporation (BMC) has decided not to approve Transfer of Development Rights (TDR) to developers for a project, unless they hand over the nearly 1,000 housing units reserved for project-affected people (PAP) in it.

Panje wetland in Uran being reclaimed again, BNHS tells CM

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
Despite directions from government agencies that the 213-hectare (ha) Panje wetland, home to five lakh migratory birds, should be protected, debris is being dumped at the site, environmentalists alleged.


GST Council Meeting: No rate hike, vote for single lottery rate

Publication: MINT Date : 19 DECEMBER 2019
The GST Council on Wednesday fixed a uniform tax rate of 28% both state and private lottery Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020

In a first, GST Council holds a vote — for 28% uniform lottery tax

Publication: THE INDIAN EXPRESS Date : 19 DECEMBER 2019
After the meeting, Union Finance Minister Nirmala Sitharaman, who heads the Council, said “every attempt was made to keep that set tradition alive, every attempt was made to convince based on opinion making in the house”.


Piramal eyes affordable housing segment

Publication: MINT Date : 19 OCTOBER 2019
Piramal Realty is looking to double its residential development to 30 mn sq.ft over the next year, a top executive said The real estate company would look to build affordable homes as part of a larger residential project



SC clears decks for Mumbai’s coastal road, but with caveats

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019
New Delhi: The Supreme Court has given a go-ahead to the coastal road project in Mumbai by staying a five-monthold Bombay high court order which stalled it on grounds of a lack of environmental and wildlife clearances.

Mumbai Coastal Road Project: SC stays Bombay HC order quashing CRZ

Publication: MINT Date : 18 DECEMBER 2019
The bench headed by Chief Justice SA Bobde was hearing the appeal filed by Municipal Corporation of Greater Mumbai The expressway is projected to be used by nearly 130,000 vehicles every day and reduce the 120-minute ride between South Mumbai and western suburbs to 40 minutes


Collection of property tax in city down 34%

Publication: TIMES OF INDIA Date : 18 OCTOBER 2019
Mumbai: Almost three quarters down the financial year, property tax collection shows a 34% deficit compared to last year as the BMC has issued no residential bills amid confusion over a waiver policy for homes under 500 sq ft.


GST centres to help file returns

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019
New Delhi: With GST compliance remaining a big irritant for small businesses, the finance ministry is looking to set up facilitation centres on the lines of Aadhaar Seva Kendras to help traders and micro, small and medium enterprises file retur ns.


2019: A year of hope and despair for real estate

Publication: THE ASIAN AGE Date : 18 OCTOBER 2019
The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India's first REIT, opening up new avenues for further investments, commercial office space continued to be the most sought after asset class.

Mumbai builders oppose state housing authority’s new re-development rules

Publication: BUSINESS LINE Date : 18 OCTOBER 2019
Real-estate builders in Mumbai have lashed out at the state government’s ‘new proposed guidelines’ with regard to the re-development of old buildings, which want landlords to choose builders only from those registered with MHADA.



More scope to cut interest rates, says RBI Governor Shaktikanta Das

Publication: BUSINESS STANDARD Date : 17 DECEMBER 2019
There is scope for cutting interest rates further and the central bank will use it when required after studying the growth and inflation data, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

RBI ‘saw slowdown’ as early as Feb, cut rates ‘ahead of time’: Shaktikanta Das

Publication: THE INDIAN EXPRESS Date : 17 DECEMBER 2019
RBI Governor Shaktikanta Das on Monday said the central bank would do “whatever is necessary” to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders.


Finance Commission talks on GST stabilisation

Publication: FREE PRESS JOURNAL Date : 17 DECEMBER 2019
Mumbai: Economic Advisory Council of the Fifteenth Finance Commission on Monday discussed issues related to GST stabilisation and possible ways to improve tax collection for additional resource mobilisation.

FinComm’s final report to take note of GST stabilisation, revenue issues

Publication: THE INDIAN EXPRESS Date : 17 DECEMBER 2019
Speaking to reporters on Monday after the fifth meeting of the Economic Advisory Council of the 15th Finance Commission, its Chairman NK Singh said the report will be comprehensive and address wide ranging issues.


HC to state: Why 8-yr delay in framing wetlands document?

Publication: TIMES OF INDIA Date : 17 DECEMBER 2019
Mumbai: A Bombay high court bench of Justices S J Kathawalla and B P Colabawalla on Monday gave the state a dressing down over the delay in preparing a “brief document” to identify wetlands within Maharashtra. Such a document will enable the state to come out with an action plan to preserve the wetlands.


Around 400 applications filed for last mile funding for real estate projects: Sources

Publication: MONEY CONTROL Date : 17 DECEMBER 2019
The Rs 25,000-crore alternative investment fund (AIF), set up to provide last-mile funding for stalled real estate projects by the government, has raised Rs 10,530 crore in its first round and around 400 applications may have already been filed.



Online real estate portals asked to register with KRERA within two months

Publication: HINDU Date : 16 DECEMBER 2019
Online real estate portals, which have been giving serious competition to real estate agents for years, have now come under the lens of the Karnataka Real Estate Regulatory Authority (K-RERA) for promoting projects without details of RERA registration number — a requirement under the RERA Act and Rules.


Pradhan Mantri Awas Yojana: Features, Eligibility Criteria, Documents Required and How to Apply?

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
NEW DELHI: Introduced by the Prime Minister, Narendra Modi, the Pradhan Mantri Awas Yojana is a flagship project that aims to provide affordable housing to the urban poor. This scheme aims to build economical houses in selected cities and towns using eco-friendly construction methods.


Keppel Land, Rustomjee form JV to develop integrated township in Thane

Publication: ECONOMIC TIMES Date : 16 DECEMBER 2019
Keppel Land will be acquiring 49% stake in the joint venture company Kapstone Constructions for around Rs 410 crore. This is first such alliance between a Singaporean and an Indian developer for any project in Mumbai Metropolitan Region.



HMDA’s Uppal Bhagat land auction earns Rs 155 cr on Day 1

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
Hyderabad: Despite the economic slowdown, there was an overwhelming response to the open plot auctions conducted by the Hyderabad Metropolitan Development Authority (HMDA) in Uppal Bhagat layout on Saturday. On the first day of auction, the authority got around Rs 155 crore.

Land titling bill may have to wait awhile

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
Pune: The change in regime in the state has cast a shadow on the passage of the land titling bill, nearly cleared by the previous government.



Developers Are Rolling Out Offers. Homebuyers, Read The Fine Print Carefully

Publication: BLOOMBERG QUINT Date : 07 DECEMBER 2019
Till a few years ago, a homebuyer scouting for property in Mumbai always felt anxious. Developers gave an impression that prices could jump overnight, putting potential customers under pressure to commit.

Cidco Auctions Five Plots In Navi Mumbai At Highest Rates

Publication: BLOOMBERG QUINT Date : 07 DECEMBER 2019
Maharashtra’s town planning and development agency auctioned plots in Navi Mumbai at the highest rates even as the nation’s real estate market is grappling with a liquidity crunch. The City and Industrial Development Corporation auctioned five plots worth Rs 229 crore in Airoli and Vashi area of Navi Mumbai.


Real estate sector waits

Publication: HINDU Date : 07 DECEMBER 2019
RBI decision to halt rate cuts hints at slowdown but home loan borrowers can look forward to a better deal in the coming months if the economic scenario improves. By Balaji Rao After five consecutive rate cuts since early this year the Monetary Policy Committee think-tank has pressed the pause button.


Maharashtra govt to review mega infra projects; India Inc in watch mode

Publication: BUSINESS STANDARD Date : 07 DECEMBER 2019
Maharashtra government's decision to 'review' all major infrastructure projects in view of a major financial crisis suffocating the state has sent shockwaves in India Inc., though nobody has commented openly so far in the country's commercial capital.


Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors

Publication: INDIA TODAY Date : 07 OCTOBER 2019
Noted economist Raghuram Rajan laid out a detailed plan for the recovery of the stressed real estate sector and non-banking financial companies (NBFCs), which are its key lenders.



RBI slashes growth forecast, leaves key rate unchanged

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The RBI’s monetary policy committee (MPC) on Thursday slashed its GDP growth estimate but disappointed markets and borrowers by keeping its key policy rate unchanged after reducing it five consecutive times in 2019. It was widely expected that the central bank would reduce its repo rate—at which it lends to banks—by 25 basis points to a 10-year low of 4.9%.


HC lifts stay, opens door for Kanjur waste dumpyard expansion

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Bombay high court on Thursday in an interim order vacated a stay it had granted in September on the environmental clearance for the expansion of the Kanjurmarg landfill site. The expansion is required to operate an integrated scientific solid waste management system and the environmental clearance adds 52 hectares to the 65 hectares already in use at the site.

State govt stays infra, pilgrimage projects over ₹2cr by local bodies

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Uddhav Thackeray-led Maha Vikas Aghadi government has instructed the smaller civic corporations (excluding those like Mumbai, Thane and Pune), municipal councils, zilla parishads and gram panchayats in the state to stay all infrastructure and pilgrimage development works where funds between Rs 2 crore and Rs 25 crore have been sanctioned.

CM calls for single hsg authority to build a slum-free metropolis

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: Chief minister Uddhav Thackeray has suggested setting up a single authority for a slum-free Mumbai. Currently, several agencies, including BMC, Mhada. SRA and Cidco, provide lowcost housing to eligible slumdwellers as well as project affected persons.

State guarantees see 6-fold rise in three years to nudge ₹44,000cr

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The new state government has declared that it has inherited a debt burden of Rs 6.8 lakh crore from its predecessor, which includes the debt of the state and its utilities.


Mumbai and Pune lead in Rera registered properties

Publication: FINANCIAL EXPRESS Date : 06 DECEMBER 2019
The deployment of Rera across India is increasing as around 46,480 projects and 36,671 real estate agents have been registered under Rera as on November 2019.


Income tax-saving FDs: Latest SBI, HDFC Bank, ICICI Bank, Bank of Baroda, PNB interest rates compared

Publication: MINT Date : 06 OCTOBER 2019
These tax-saving FDs have a lock-in period of five years The minimum investment amount can vary from bank to bank


Civic body mulls meters in each flat to reduce wastage of water

Publication: HINDUSTAN TIMES Date : 04 OCTOBER 2019
The Brihanmumbai Municipal Corporation (BMC) is mulling over the idea of setting up separate water meters for individual apartments instead of a combined meter system for housing societies.



Five SROs in place, developers told to get registered

Publication: TIMES OF INDIA Date : 05 DECEMBER 2019
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has appointed five developer bodies as self-regulatory organisations (SROs).


RBI keeps repo rate unchanged at 5.15%

Publication: MINT Date : 05 DECEMBER 2019
With a no rate action, the repo rate—the rate at which banks borrow from it—remain unchanged at 5.15% The decision to hold rates was a unanimous one by all the six members of the monetary policy committee


City breathes cleaner air; AQI drop is rare in Dec, say experts

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The city recorded a considerable drop in pollution levels on Tuesday, a rarity in December, according to experts.

JNPT projects in Uran, Nhava under scanner

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The Maharashtra Coastal Zone Management Authority (MCZMA) deferred a proposal made by the Jawaharlal Nehru Port Trust (JNPT) to construct sea walls at Gharapuri Island and Panje village in Uran, and a boat landing jetty at Nhava, over concerns of mangrove destruction.


Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land

Publication: BUSINESS STANDARD Date : 05 DECEMBER 2019
Peninsula Land, promoted by Ashok Piramal Group, had many firsts to its credit. It built Crossroads in South Mumbai, which was the country’s first mall. It developed Peninsula Corporate Park — one of the first mill lands in Mumbai to get converted into a corporate complex.



Infra projects won’t be scrapped, only prioritised’: CM Uddhav Thackeray

Publication: HINDUSTAN TIMES Date : 04 DECEMBER 2019
Chief minister Uddhav Thackeray on Tuesday reviewed several ongoing infrastructure projects in Mumbai and other parts of Maharashtra and said his government will prioritise them on the basis of the funds available with the state.


SC stays cutting of trees for Wadala-Thane Metro 4 line

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Thane: A plan to cut or transplant nearly 3,500 trees for the Thane Metro line has been put on hold for two weeks by the Supreme Court. The top court on Monday restrained the state government and the region’s development body, MMRDA, from chopping trees for construction of the Metro 4 line.

Gujarat has released ₹105cr for bullet train, but Maha is yet to dip into kitty

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Maharashtra has not yet contributed a penny in the form of equity to the Mumbai-Ahmedabad bullet train project, now set for a review as announced by chief minister Uddhav Thackeray. But reading between the lines, one finds the rub and a tale or two.

CM plans multi-level Bangkok-like aquarium

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Mumbai: Chief minister Uddhav Thackeray wants a multi-level world class aquarium in Mumbai. To provide a big push for tourism, Thackeray discussed the feasibility of setting up a large aquarium in the city as well as other concepts such as a Tourism Street, a flamingo tour, and a night safari at the Sanjay Gandhi National Park.

NCLT admits crippled mortgage player DHFL for bankruptcy proceedings

Publication: BUSINESS LINE Date : 03 DECEMBER 2019
The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator



Will MahaRera’s SRO filter benefit homebuyers?

Publication: MINT Date : 03 DECEMBER 2019
Since industry bodies are largely seen as working in the interest of developers, there is trust deficit among other stakeholders SROs will have no judicial powers over the developers


GST collections rebound in Novmber, exceed Rs 1L crore

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
Collections from the Goods and Services Tax (GST) rebounded above the Rs 1 lakh crore benchmark in November, government officials said on Sunday, attributing an increase in voluntary compliance and a government stimulus package for an increase in receipts that had contracted for two consecutive months.


All Aarey activists set free by Uddhav Thackeray

Publication: THE ASIAN AGE Date : 02DECEMBER 2019
Mumbai: In yet another major decision, chief minister Uddhav Thackeray on Sunday announced that all the cases filed against activists, who tried to stop the felling of trees in Mumbai’s Aarey Colony, will be withdrawn.

New Maharashtra CM Uddhav Thackeray orders review of bullet train project

Publication: BUSINESS STANDARD Date : 02 DECEMBER 2019
The state government will also come out with a white paper on the financial condition of the state, Thackeray said.

CR to give city another Marine Drive?

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
In a move that could give the city another Marine Drive or Nariman Point, the Indian Railway Station Development Corporation Limited (IRSDCL) of the railway ministry plans to develop the central railway’s 17.5-acre plot at Haji Bunder in south Mumbai and commercialise it later.



RBI may cut policy rates by 25 bps

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
After cutting the policy repo rate by an 'unconventional' 35 basis points in the August bi-monthly monetary policy review, the Reserve Bank of India is expected to cut it further by up to 25 basis points in the upcoming October 4 review to complement the recent corporate tax cuts announced by the government to reverse the slowdown in growth.




Maharashtra: Fadnavis govt’s decisions in last 6 months likely to be reviewed

Publication: THE INDIAN EXPRESS Date : 01 DECEMBER 2019
After Aarey car shed, Uddhav orders a look into all major policy decisions, contracts approved just before polls


MMRDA to deploy more workers to finish infrastructure projects on time

Publication: THE INDIAN EXPRESS Date : 06 NOVEMBER 2019
The MMRDA is constructing the sea bridge at a cost of Rs 17,843 crore and has nearly completed the geo-technical investigation and casting yard work.


Real estate stocks gain after FM hints at new measures for sector

Publication: MONEY CONTROL Date : 06 NOVEMBER 2019
Real estate stocks were trading higher on November 6 after Finance Minister Nirmala Sitharaman hinted at new measures to resolved issues facing the real estate sector.

Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose

Publication: BUSINESS STANDARD Date : 06 NOVEMBER 2019
Realty stocks including Indiabulls Real Estate, Sobha, and Prestige Estate Projects gained up to 5 per cent in the morning deals on Wednesday after Finance Minister Nirmala Sitharaman said the Centre is working with the Reserve Bank of India (RBI) towards tweaking the existing laws to make them conducive for the real estate sector.

After corporate tax cut, FM Sitharaman hints at major reforms in land and capital

Publication: FINANCIAL EXPRESS Date : 06 NOVEMBER 2019
Finance minister Nirmala Sitharaman on Tuesday said the government was talking to “companies of stature and size” who had left China to woo them to set up base or relocate here and was in possession of “very reliable intelligence that they will indeed choose India”.

NBFCs not enthused with revised ALM norms: Kotak

Publication: MINT Date : 06 NOVEMBER 2019
The RBI on Monday extended the deadline for implementation of ALM and LCR framework for NBFCs from 1 Apr to 1 Dec, 2020 The recent efforts by the RBI have helped liquidity position of small retail NBFCs even as debt market participants remain concerned on the asset quality in the wholesale segment.

Sitharaman signals next dose of reforms to target realty sector

Publication: MINT Date : 06 NOVEMBER 2019
Govt is working closely with RBI to address real estate sector’s problems: Nirmala Sitharaman The focus on real estate is part of govt’s broader plan to kick-start economic growth, which has slowed to a six-year low



MahaRERA chief to head advisory panel for parking body

Publication: MUMBAI MIRROR Date : 01 NOVEMBER 2019
Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Gautam Chatterjee has been appointed as the head of a committee set up to frame guidelines for the formation of the Mumbai Parking Authority (MPA).

Adani, Fairfax, GMR among bidders for Jewar airport in Greater Noida

Publication: MINT Date : 01 NOVEMBER 2019
Bidding process for NIAL will be run by the Yamuna Expressway Industrial Development Authority The four companies met the technical and financial criteria set out by the state government to qualify for the bidding process for the NIAL project

To make it to top 50 in Ease of Doing Business India should focus on enforcing contracts, land administration system: World Bank

Publication: HINDU Date : 01 NOVEMBER 2019
Higher you go, more difficult it is to improve: World Bank’s Croci on India eyeing top 50 for Doing Business The World Bank’s Doing Business 2020 study, released by the World Bank last week, showed that India improved 14 places from 77 to 63 out of 190 countries in the Ease of Doing Business (EODB) rankings.



Kurla station to BKC in 15 mins

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019
The time taken to travel from Kurla station to Bandra-Kurla Complex during peak hours is set to be reduced to 15 minutes from the current over an hour with the BMC getting ready to bring down a hundred-year old chawl that stands right in the middle of a crucial road.

Forest dept allots 53 ha for water supply projects

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019
The state forest department has designated nearly 53 hectares of forest land for a water supply project in Vasai-Virar and Mira-Bhayandar areas. Forest department joint secretary Virendra Tiwari issued the orders on October 30.

BKC-Chunabhatti link to open next Sat

Publication: TIMES OF INDIA Date : 02 NOVEMBER 2019
Mumbai: The road connecting Bandra-Kurla Complex (BKC) to Chunabatti is slated to be thrown open to vehicular traffic next Saturday-—November 9. This connector will help save about half an hour of your commuting time compared to what you currently take via the two existing corridors.



Mumbai: Railways to hand over 7 colonies to RLDA for redevelopment

Publication: THE INDIAN EXPRESS Date : 03 NOVEMBER 2019
The move has met with strong opposition from Western Railway Mazdoor Sangh (WRMS), which is planning to hold a demonstration Monday outside railway’s divisional office at Mumbai Central.

10 years on, Coast Guard gets Raigad plot for radar station

Publication: HINDUSTAN TIMES Date : 03 NOVEMBER 2019
A decade after the Indian Coast Guard (ICG) applied for around 10 hectares (ha) of forest land at Murud in Raigad district, the state cleared the proposal and allotted the same last month. The ICG plans to set up a base as well as install a radar system to strengthen the coastal security in the western region.



‘Panje, Karanje wetlands protected as CRZ-I’

Publication: HINDUSTAN TIMES Date : 04 NOVEMBER 2019
Panje and Karanje wetlands in Uran, Navi Mumbai are safeguarded as Coastal Regulation Zone I, the highest protection under the CRZ notification, the Maharashtra Coastal Zone Management Authority (MCZMA) told the Bombay high court (HC) in an affidavit on November 1.

Greens to move Supreme Court against debris dumping at Uran

Publication: THE ASIAN AGE Date : 04 NOVEMBER 2019
Mumbai: Environmentalists are planning to move the Supreme Court against the recent, large-scale dumping of debris at the wetlands in Uran. They have claimed that around eight acres of Jasai wetland in Uran has been destroyed due to excessive dumping of mud and debris, and the channels of the nearby water body have been choked with debris.

RERA officials to approach housing ministry for clarity vis-a-vis IBC

Publication: FINANCIAL EXPRESS Date : 04 NOVEMBER 2019
As of June this year, 421 realtors were under the corporate insolvency resolution process (CIRP), of which 164 cases have been closed while 257 are continuing.

Real estate regulators may seek pull to rein in builders

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2019
New Delhi: It’s not just homebuyers who are troubled by builders’ non-compliance with orders passed by Real Estate Regulatory Authorities (RERAs), even regulators are concerned at the stubborn attitude of builders.



Bank to auction former CM’s son’s plot in Kurla

Publication: MUMBAI MIRROR Date : 05 NOVEMBER 2019
Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Publication: BUSINESS STANDARD Date : 05 NOVEMBER 2019
Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Top listed realtors’ residential sales jump two-fold since demo

Publication: ECONOMIC TIMES Date : 05 NOVEMBER 2019
Mumbai: Listed real estate developers have beaten the residential downturn blues so far this year. Residential sales value of top 9 realty developers in the first quarter of 2019-20 stood at around Rs 5,280 crore; in 2018-19, their sales jumped 159% compared with 2016-17, and also surpassed the market's peak years of 2014-15 by 63%.