10TH MAY 2019

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MCHI-CREDAI

GST NEWS

     

GST Council extends deadline for realty firms to opt for old GST rate till May 20

Publication: ET REALTY Date : 10 MAY 2019
The GST Council Thursday extended by 10 days till May 20 the deadline for realtors to opt for old GST rates with input tax credit for ongoing projects or shift to new lower tax rates.

RERA NEWS

     

UP-RERA plans to adopt projects left midway by developers

Publication: ET REALTY Date : 10 MAY 2019
Following a meeting with officials of GNIDA, the UP-Rera officials announced on Thursday it will draw a true estimate of the number of projects which have been left midway by builders.

CITY NEWS

     

Versova-Bandra sea link: SC says no to casting yard at Juhu beach

Publication: HINDUSTAN TIMES Date : 10 MAY 2019
The Supreme Court (SC) on Thursday dismissed the Maharashtra State Road Development Corporation’s (MSRDC) special leave petition (SLP) seeking permission to set up a casting yard for the Versova-Bandra sea link project
     

Rains almost here, BMC yet to repair 45% of city’s roads

Publication: HINDUSTAN TIMES Date : 10 MAY 2019
Work began in October 2018, when the BMC listed 1,378 roads that need pre-monsoon repair work. Seven months on, the BMC is still left with 633 roads to fix.

REALTY NEWS

     

Fund manager warns of stress in realty sector

Publication: DECCAN CHRONICLE Date : 10 MAY 2019
That’s the view of ICICI Prudential Life Insurance Co., a major corporate bond buyer and a top life insurer.

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