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1.Next year, we will increase our turnover by 25%

Here’s a man who knows to keep pace! Shailesh Sanghvi, Director, Sanghvi Group of Companies, has chalked out a growth plan, taking into consideration the revival in the market.


2.I always focus on direct dialogue

Construction may still be a male-dominated world but women are beginning to storm the bastion by combining administrative and technical expertise with soft skills and a sky-high EQ.


3.IIFL provides loans to three real estate projects

Looking at the expanding real estate market, India Infoline Finance Ltd (IIFL) has invested Rs 260 crore in three projects across Mumbai.The investment is primarily by providing loans to the developers of the project for acquiring land and construction rights.


4.MHADA issues notice to RNA

Officials of the Mhada’s Mumbai board have issued a show-cause notice to RNA Corp after the firm was found digging a plot, reserved for a recreation ground, about 60 feet deep.


5.Home buyers to benefit from new CRZ norms

The new Coastal Regulations Zone (CRZ) norms 2011 for Mumbai will benefit people who are unable to buy houses in the realty market where prices have reached unaffordable levels.


6.Housing for Everyman

In the fifth of a series of interviews with prominent engineers, Janaki Krishnamoorthi meets DR Hadadare, General Manager (Engineering), Shivshahi Punarvasan Prakalp Ltd (SPPL), and Chief Engineer/State Nodal Officer for schemes under Jawaharlal Nehru National Urban Renewal Mission (JNNURM), and Maharashtra Housing and Area Development Authority (MHADA).


7.Row over Rehabilitation

A contract for the construction of residential tenements for project-affected households (PAHs) of a railway project was awarded to a contractor by a government agency.


8.The Redevelopment Itch

With little or no unused land available for construction, developers in Mumbai are increasingly treading the redevelopment path. In any case, this is where the future of realty lies, according to most experts.


9.Reworking Spaces

Redevelopment, rehabilitation and upgradation projects are those that involve any new construction or reconstruction on a site with a pre-existing structure such as an industrial site, residential building, commercial complex or mixed-use structure.


10.Cluster Concerns

The cluster redevelopment policy has, since its launch in 2009, undergone a series of amendments. Earlier this month, Chief Minister Prithviraj Chavan put it on hold; recently, he proposed radical changes to it.