12TH JUNE 2019

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MCHI-CREDAI

MCHI NEWS

     

Realtors to protest Mumbai civic body delay in project nods

Publication: HINDUSTAN TIMES Date : 12 JUNE 2019
Builders in the Goregaon-Dahisar belt will protest against the Brihanmumbai Municipal Corporation (BMC) on Thursday over its delay in approvals, which they claim has left more than 350-400 projects stuck.

CITY NEWS

     

Maharashtra Chief Minister Devendra Fadnavis to expand his Cabinet this week

Publication: DNA Date : 12 JUNE 2019
Ahead of the monsoon session of the state legislature slated to begin next week, Maharashtra Chief Minister Devendra Fadnavis is expected to expand his Cabinet on June 14 or 15.
     

State forms panel to study plan for 1 lakh homes in Bhandup saltpan

Publication: HINDUSTAN TIMES Date : 12 JUNE 2019
The committee will decide on the modalities such as lease conditions, permissible land use, premium to be charged on revamp and if housing stock can be taken as compensation, and decide if the proposal is beneficial for the state government.
     

Mumbai: Panel to study proposal to construct affordable housing on salt pan land

Publication: THE INDIAN EXPRESS Date : 12 JUNE 2019
The proposal, aimed at taking the central government’s housing-for-all scheme forward, had entailed construction of one lakh affordable homes after salt pan lands were opened for construction in the Development Plan (DP) 2034.
     

Maharashtra govt to construct affordable houses on salt-pan land in Mumbai

Publication: DNA Date : 12 JUNE 2019
The state government has constituted a high-level committee to study the proposal of construction of one lakh affordable houses on salt pan land by Shapoorji and Pallonji developers at Bhandup-Kanjurmarg.

REALTY NEWS

     

Finance Minister Sitharaman holds first pre-Budget meeting with stakeholders

Publication: BUSINESS STANDARD Date : 12 JUNE 2019
Union Finance Minister Nirmala Sitharaman on Tuesday began her pre-Budget consultations with different stakeholders starting with those from agriculture and rural development sectors
     

Pre-budget consultations: Industry for tax cuts, more reforms to push investment

Publication: THE INDIAN EXPRESS Date : 12 JUNE 2019
Reduction in direct tax rate to a maximum of 18 per cent, reducing the dividend distribution tax and reform of land and labour laws were among the suggestions made by industry ahead of the Budget.
     

Real estate slump continues, March sees 43% fall in home launches

Publication: FINANCIAL EXPRESS Date : 12 JUNE 2019
The real estate market on a pan-India basis clocked sales of 37.3 million sq ft in March 2019, taking the total sales in FY19 to 443 million sq ft, up by 7% y-o-y.
     

SBI unveils digital residential property show

Publication: BUSINESS LINE Date : 12 JUNE 2019
State Bank of India (SBI) has set up a new marketing outfit called ‘Destination: The Home Shoppe’ in Hitech City here. It was inaugurated by J Swaminathan, Deputy Managing Director, in the presence of senior officials of industry associations, including CREDAI, TREDA and TBG..
     

Unsold affordable housing stocks rise 3 per cent in Q1

Publication: THE ASIAN AGE Date : 12 JUNE 2019
Chennai: Affordable housing witnessed a 3 per cent increase in unsold stock in Q1 2019, while mid-segment and luxury segment saw a 14 per cent 12 per cent decline in stocks.

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