12TH TO 15TH APRIL 2019

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MCHI-CREDAI

12TH APRIL 2019 NEWS

GST NEWS

     

Builders facing tough choice in GST rates for ongoing realty projects

Publication: BUSINESS LINE Date : 12 APRIL 2019
Builders and home buyers are trying to understand the best deal for them under the new Goods and Services Tax (GST) rates for ongoing projects and it seems to be turning into a double-edged sword for some.

COURT NEWS

     

Bombay HC stops Coastal Road reclamation

Publication: THE ASIAN AGE Date : 12 APRIL 2019
Mumbai: The Bombay high court (HC) on Thursday restrained the Brihanmumbai Municipal Corporation (BMC) from carrying out further land reclamation for the Coastal Road Project in Mumbai till April 23.
     

Stop reclamation for Mumbai’s Coastal Road till April 23: HC

Publication: HINDUSTAN TIMES Date : 12 APRIL 2019
The ₹14,000-crore Coastal Road project is set to be delayed after the Bombay high court (HC) on Thursday restrained the Brihanmumbai Municipal Corporation (BMC)

REALTY NEWS

     

Big business houses get into real estate business

Publication: THE ASIAN AGE Date : 12 APRIL 2019
Mumbai: After Godrej Group, other long-established business houses like Raymond and the Birla Group have now entered real estate business by launching realty firms and housing projects to unlock value from their idle land holdings.

13TH APRIL 2019 NEWS

REALTY NEWS

     

Hong Kong named world’s most expensive city to buy a home

Publication: MAKE IT Date : 13 APRIL 2019
Hong Kong is the most expensive city in the world for those looking to buy a home, new research showed.
     

Infrastructure projects lead to shift in Indian cement demand

Publication: CEM NET Date : 13 APRIL 2019
The Indian government’s infrastructure drive is leading to a shift in demand for cement.
     

NCLT stays insolvency withdrawal order of Sterling SEZ & Infrastructure

Publication: BUSINESS STANDARD Date : 13 APRIL 2019
The National Company Law Tribunal (NCLT) on Friday stayed its previous order allowing the withdrawal of insolvency plea against Sterling SEZ and Infrastructure at the behest of the Ministry of Corporate Affairs (MCA), as promoters
     

Sterling SEZ: NCLT stays Srei plea to withdraw bankruptcy

Publication: MINT Date : 13 APRIL 2019
At the last hearing on March 26, the tribunal had sought replies from all stakeholders, including the corporate affairs ministry

14TH APRIL 2019 NEWS

CITY NEWS

     

Coastal Road work irks locals

Publication: THE ASIAN AGE Date : 14 APRIL 2019
Mumbai: The residents of South Mumbai are fumed over the Brihanmumbai Municipal Corporation (BMC) saying that despite the Bombay high court’s stay on the reclamation work for the Coastal Road project, the work is still being carried out.

15TH APRIL 2019 NEWS

INFRA NEWS

     

45% tunnelling work for Mumbai Metro-3 completed

Publication: HINDUSTAN TIMES Date : 15 APRIL 2019
Being built at a cost of ₹23,136 crore, the 33.5-km Metro-3 corridor is expected to ease travelling woes for Mumbaiites by connecting the island city to the western suburbs.

CITY NEWS

     

Ashish Shelar slams Congress for promising to reverse CRZ rules

Publication: THE ASIAN AGE Date : 15 APRIL 2019
Mumbai: BJP Mumbai president Ashish Shelar has slammed the Congress' manifesto for mentioning the reversal of the Coastal Regulation Zone (CRZ) rules amended by the saffron party in 2018.

REALTY NEWS

     

Logix Group to scale down realty business

Publication: THE ASIAN AGE Date : 15 APRIL 2019
NCR, India’s largest property market, has been deeply impacted by the crisis involving NBFCs
     

Real estate consolidation gains momentum in NCR, Mumbai

Publication: FINANCIAL EXPRESS Date : 15 APRIL 2019
Top developers in NCR and Mumbai likely to gain more than those in Bengaluru and other key cities.

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