NATIONAL NEWS

'90% of 4,842ha SEZ land unused, return to farmers'

Publication: TIMES OF INDIA Date : 10 JANUARY 2017 PAGE: 01

MUMBAI: The Supreme Court asked the Centre and a clutch of state governments on Monday to submit their responses to a PIL (public interest litigation) seeking return of 90% of the 4,842 hectares of land to farmers,

Land acquisition for SEZs: SC seeks reply from Centre, 7 states

Publication: FINANCIAL EXPRESS Date : 10 JANUARY 2017 PAGE: 03

MUMBAI: The Supreme Court on Monday sought response from the Centre and seven states on a PIL seeking compensation and return of the unused land, which was acquired for setting up SEZs, to farmers.

NAVI MUMBAI NEWS

Govt extends Navi Mumbai airport bids by 15 days

Publication: BUSINESS STANDARD Date : 10 JANUARY 2017 PAGE:03

MUMBAI: The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder – GVK group.

Navi Mumbai airport bidding extended

Publication: DNA Date : 10 JANUARY 2017 PAGE: MONEY

MUMBAI: The City and Industrial Development Corporation of Maharashtra (Cidco) has once again decided to extend the last date for submitting the financial bids for its ambitious Rs 16,000 crore Navi Mumbai International Airport (NMIA) project to January, 25 this year.

Cidco extends airport bids deadline to Jan 25

Publication: TIMES OF INDIA Date : 10 JANUARY 2017 PAGE: 04

MUMBAI: After receiving one bid for development of Navi Mumbai International Airport (NMIA) on Monday , Cidco extended the deadline for submission of financial bids to January 25. 

More problems for Navi Mumbai airport project - CIDCO receives just one bid, extends the deadline by 15 days

Publication: TIMES OF INDIA Date : 10 JANUARY 2017 PAGE: 04

MUMBAI: The City and Industrial Development Corpora tion (CIDCO) on Monday extended the deadline for submission of bids for the Navi Mumbai airport project

METRO NEWS

Metro at Mumbai’s Aarey: MRCL didn’t get pollution board nod

Publication: HINDUSTAN TIMES Date : 10 JANUARY 2017 PAGE: 02

MUMBAI: The Mumbai Metro Rail Corporation Limited’s plan to build a car shed and stabling lines in the city’s green lung Aarey Colony faces another hurdle.

 CITY NEWS

Collector wants to increase home rates

Publication: MID-DAY Date : 10 JANUARY 2017 PAGE: 11

 In contrast to PM’s vision of affordable housing, the government shows inclination to hike up the ready reckoner prices; most MLAs reject idea.

Don't go selling that SRA home

Publication: MID-DAY Date : 10 JANUARY 2017 PAGE: 11

 Cabinet meet decides that to prevent misuse of initiative, strict penal and criminal action should be taken against offenders, but only after BMC polls.

REALTY NEWS

Bank of Baroda slashes home loan rate by 70 bps, turns cheapest in India

Publication: FINANCIAL EXPRESS Date : 09 JANUARY 2017 PAGE: 17

MUMBAI: Public sector lender Bank of Baroda (BoB) on Monday lowered interest rate on home loans by 70 basis points (bps) to 8.35% – the lowest in the industry..

Holding period of property determines type of capital gains and taxes applicable

Publication: MINT Date : 09 JANUARY 2017 PAGE: 01

For inherited property, the cost of acquisition should be the cost at which the previous owner, who actually acquired the property other than by inheritance or gift, as increased by cost of improvements made later