18-05-2012 BMC seeks to 'redefine' highrises: Giving in to the demands of builders and developers, the Brihanmumbai Municipal Corporation (BMC) has proposed that the limit for scrutiny
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18-05-2012 Extra FSI could bring down MHADA flat prices: With the poor response to the annual Maharashtra Housing and Area Development Authority ( MHADA) lottery, an introspection
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18-05-2012 SEZs not taking off will be industrial parks, no more tax-free regime: Ruling out Special Economic Zones (SEZs) reverting to the earlier tax-free regime, Chief Minister Prithviraj Chavan
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18-05-2012 No role for govt in land acquisition: In a move that could be a setback to land acquisition for commercial use, a parliamentary committee unanimously recommended
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Continued.... Page No: 03
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18-05-2012 House panel: Govt must not acquire land for pvt projects: The Parliamentary Standing Committee on Rural Development, headed by BJP leader Sumitra Mahajan, on Thursday tabled
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17-05-2012 Kumar's TRAI dream shattered: After raising the hackles of the city's builders by introducing stricter norms and transparent administrative policies, former civic chief,
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17-05-2012 PIL filed against 'uneven' property tax system in HC: The much-debated new property tax regime recently passed by the civic body has now come under the scanner of the Bombay high court.
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17-05-2012 Mumbai grows on paper, adds another Andheri West in 20 yrs: Mumbai has ‘grown’ by roughly the size of Andheri (West) in the last two decades. Compared to the 1991 Development Plan,
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17-05-2012 New FSI may reduce house prices: The state government’s proposal to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region
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17-05-2012 PIL: Those owning less than 500 sq ft must pay tax too: “When a luxury car like BMW and a small car like Nano pay the same toll tax, then why exempt properties below 500 sq ft from tax?”
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17-05-2012 Time for a facelift: THE old skylines of Indian cities are changing. Bitten by the redevelopment bug, property developers across the country are busy altering the city facade.
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17-05-2012 Credai-Bangalore office-bearers: Mr Nagaraj R. Chairman, Zonasha Projects, has been elected president of the Confederation of Real Estate Developers' Association of India
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16-05-2012 Now selling: Unreal estate: When Lower Parel was re-christened Upper Worli by the Lodha Group (which was launching " the world's tallest residential tower" all of 117 storeys,
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16-05-2012 Mumbai project launches resume as approvals trickle in: Indiabulls Real Estate Ltd (IBREL) recently relaunched blu, a luxury residential project in central Mumbai that's coming up on two mill land
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16-05-2012 Tighter norms likely for FDI in real estate: The government is prescribing tighter rules for foreign direct investment (FDI) in real estate which will bar a foreign company
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16-05-2012 MHADA purchased TDR for Powai flats, leading to price hike: In a move that would not be received pleasantly by the citizens, the Maharashtra Housing and Area Development Authority
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16-05-2012 Land acquisition Bill to cover more sectors: The Parliament's standing committee on rural development has recommended a widening of the ambit of the Land Acquisition Bill, 2011
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16-05-2012 Mhada to evict illegal tenants: Armed with the Supreme Court order directing 8,253 tenants of transit tenements to vacate their accommodation within three months
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16-05-2012 BMC to put up posters to fight Malaria: The BMC will put up posters across residential complexes in the city to explain methods of malaria control.
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16-05-2012 Residential prices fell 9.1 pc in a year: Knight Frank report: While Mumbai’s property market may not have seen any significant price correction, a recent report by property consultants Knight Frank
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16-05-2012 BMC tells Bandra societies to return setback area land: Land meant for road expansion being held by 80-odd housing societies in Bandra-Khar area could become a flashpoint
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16-05-2012 Bypass the broker, rent a flat via FB: To get rid of the middlemen’s hefty brokerage fees, people are actively using the online social media to rent out houses, get a tenant,
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15-05-2012 SoBo may see an Office Exodus over New Tax system: Brokers:
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15-05-2012 Quick clearance: Given the delays in getting environmental clearances from the union Ministry of Environment and Forests, the state has proposed to set up three committee’s
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15-05-2012 Green nod for high-rises takes too long, says CM: Chief minister Prithviraj Chavan on Monday expressed concern over pending environmental clearances for high-rise projects in the city.
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15-05-2012 'Prime property rates in the city dipped by 9% last year': Of the 23 cities surveyed across the world , Mumbai witnessed the steepest fall of 9.1 % in prime property rates last year,
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15-05-2012 Home sales show 9% dip in a year till March: Home sales in the city have dipped over the past year, with the residential market showing a negative growth of 9.1% from March 2011 till March2012.
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15-05-2012 Bldrs caught in Thane plot row: A 25-acre residential plot in Thane’s Majiwade area is at the centre of a legal dispute between builder from Mumbai Wadhwa Group and owner of the land
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15-05-2012 Mumbai Property prices dip 9%: Prices of prime residential properties in Mumbai dropped 9% at the end of fiscal 2012 from the year earlier, according to the knight Frank Prime Global Cities Index
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15-05-2012 Realty Realty Mumbai Bottom of 23-city list: A global cities index for prime of luxury properties for the last quarter (Dec 2011 to March 2012 ) published by Knight Frank
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15-05-2012 Two plane surveys ordered but nothing is plain and clear as yet: The Maharashtra government had noble intentions when it announced in 2004 that Dharavi would be transformed
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Continued.... Page No: 06
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15-05-2012 Skyrocketing prices of flats earn dismal response for MHADA: At a time, when the state is announcing schemes for affordable houses, Maharashtra Housing and Area Development Authority's
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15-05-2012 Cops want all rental deals reported: Every rental deal, including sub-lets, will have to be reported to the nearest police station following several high-profile crimes in the western suburbs.
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14-05-2012 MHADA-Builder, Joint Venture:
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14-05-2012 Boost for affordable housing as landowners, Mhada join hands: In times of sky rocketing real estate prices, here's some good news for prospective homebuyers.
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14-05-2012 Affordable housing policy soon, as ECB fails to excite: An affordable housing policy is in the works to attract developers and to meet the shortage of around 25 million houses in the country.
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14-05-2012 Builders feel MHA wont help: Even as the activists have claimed that the MHA is completely a pro- builder act, the builder community is also not a satisfied
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14-05-2012 Activists claim new housing act is toothless, needless: Housing activists have questioned the action of the State government in coming up with the new proposed Maharashtra Housing
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14-05-2012 'City real estate sale slow, but positive': For the first time in the last one year, the sales of real estate units in Mumbai have shown a "slow, but positive sign',
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14-05-2012 Home sales hit peak in 2005, dipped post mill land deals: The real estate market may be buoyant about the sector slowly inching towards recovery after a long lull,
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14-05-2012 Builder giving hard time? Go to consumer forum: All those who have been waiting for years to get possession of their flats or are unhappy with the construction work
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Continued.... Page No: 03
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14-05-2012 Dilapidated buildings on BMC list mount to 319: Even as a policy to conduct a mandatory structural audit to ensure safety and health of buildings older than 30 years
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14-05-2012 Sena open to rollback of new tax policy: There’s hope for those who are opposed to the new property tax system the civic body has put in place. Stung by the negative response from citizens,
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14-05-2012 Premium Realty Deals in Mumbai, Delhi come Under Govt Scanner: Many high value bungalows in Delhi and Mumbai are under the government's scanner for evasion of stamp duty.
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14-05-2012 Reality check: Jairam can't offer funds: After patting on the back by announcing that he would give one per cent of the annual budget of the ministry for rural development (Rupees 99,000 crores)
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14-05-2012 'Illegal' 5-star comes up in Lower Parel: A 39-storey luxury hotel has risen on the city’s skyline without getting an environment clearance. The five-star Shangri-La at Lower Parel
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13-05-2012 Property tax net to include slums?: The BMC has decided to formulate a policy for slum dwellers to include them in the property tax ambit. At present, they are exempted from the tax.
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13-05-2012 Affordable housing to soon become reality: With Chief Minister Prithviraj Chavan approving the joint venture policy for the Maharashtra Housing and Area Development Authority
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13-05-2012 Mulund residents irked by construction on forest land: A few days ago, Mulund resident noticed construction activity at one of the partially-constructed three-storey building in Veena Nagar phase II.
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13-05-2012 Only 12 days for citizens' feedback on housing bill: The state government, which invites suggestions and objections from citizens for amendments to its Housing Regulatory Bill,
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13-05-2012 Why there ll never be a new Dharavi: Dharavi is unlikely to be redeveloped anytime soon. At least that is what the people living in Asia's largest slum believe.
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Continued.... Page No: 04
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12-05-2012 Withdrawal of TDS by FM hailed: MCHI-CREDAI has welcomed Finance Minister Pranab Mukherjee’s decision to withdraw TDS on immovable property.
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12-05-2012 Stages involved in redevelopment:
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12-05-2012 Pay for built-up area under new property tax regime: It is illegal to buy and sell flats by their built-up area, but the civic body’s new property tax system, approved on Thursday,
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Continued.... Page No: 02
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12-05-2012 'New system unfair to old buildings': Despite the claims of the civic body on having transparency and parity in the new capital value based property tax system,
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12-05-2012 'Open Spaces' plan rejected, BMC to rework it: After demanding representation in committees on open spaces in the city,corporators and members of the BMC improvemnts committee
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12-05-2012 Corporators reject open spaces policy: The city’s open spaces policy may take a little longer to come into effect with members of the civic body’s improvement committee rejecting
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12-05-2012 Redevpt only way out: Experts: The answer to the land crunch that developers face, believe experts, is redevelopment of existing housing projects.
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12-05-2012 Developers need to focus on rental housing,says selja: Developers need to focus on affordable rental housing as land acquisition has become one of the biggest constraints in urban India,
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12-05-2012 5 yrs on ,'not an inch' of airport land freed: India’s largest urban relocation programme—the Mumbai airport slum clearance project—is a virtual non-starter five years after its commencement.
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12-05-2012 Decoding the new property tax regime: Three years after it was proposed, the civic standing committee on Thursday decided to enforce the new property tax system
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12-05-2012 A Joint effort: The real estate sector plays an important role in the growth of every state. However, the scenario in the country's business capital of Mumbai has not been very encouraging.
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Continued.... Page No: 03
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12-05-2012 Stamped out: With the state government proposing a hike, both residential and non-residential purchasers would have to pay a five per cent stamp duty on the market value of the property
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