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12TH MAY 2017

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MCHI-CREDAI

 RERA NEWS

     

6 साल के निचले स्तर पर मुंबई रियल इस्टेट

Publication: नवभारत टाइम्स Date : 1२ MAY 2017
मुंबई : नए नियम और नोटबंदी के कारण मुंबई का रियल इस्टेट अपने 6 साल के सबसे निचले स्तर पर आ चुका है।
     

CBDT issues draft accounting rules for real estate projects

Publication: BUSINESS LINE Date : 12 MAY 2017
NEW DELHI, MAY 11: In what could lead to a higher tax incidence on real estate projects, the Finance Ministry on Thursday issued a fresh draft of the Income Computation and Disclosure Standard (ICDS) for such transactions.

 AFFORDABLE HOME NEWS

     

Mumbai homebuyers look north for affordable flats

Publication: HINDUSTAN TIMES Date : 12 MAY 2017
With prices of homes skyrocketing in Mumbai, homebuyers are now looking at areas like Kalyan, Dombivali, Karjat, Ambernath, Badlapur, Lodhivali, Nalasopara, Vasai and Virar to buy flats in the range of Rs50 lakh.

 INFRA NEWS

     

Centre gives final green signal for coastal road

Publication: TIMES OF INDIA Date : 12 MAY 2017
Work on the Rs 15,000 crore coastal road is likely to speed up soon as the the Union ministry of environment and forests (MoEF) has given the final approval for the ambitious project along the western seafront to connect Marine Drive and Kandivli.
     

Fancy a smooth, quick ride on Mumbai’s western express highway? It’ll be a reality soon

Publication: HINDUSTAN TIMES Date : 12 MAY 2017
The Centre’s environment ministry gave a final nod to the first phase of this project — from Princess Street in Marine Drive to Carter Road in Bandra
     

Coastal road project gets central clearance

Publication: DNA Date : 12 MAY 2017
Mumbai finally came closer to its dream of a coastal road skirting the Arabian Sea from South Mumbai to the western suburbs, with the union Ministry of Environment and Forests (MoEF) clearing the decks for construction to begin this year.

 CITY NEWS

     

Forest at Matheran foothills opened for recreation

Publication: THE HINDU Date : 12 MAY 2017
Mumbai: With 0.2 FSI granted for development, around 91.25 sq.km. of forest at it’s foothills, Matheran — one of the closest hill stations to Mumbai in an eco-sensitive zone of western ghats

 REALTY  NEWS

     

Home Sales Tower as Modi Takes Interest

Publication: ECONOMIC TIMES Date : 12 MAY 2017
Mumbai:   NO DeMo EFFECT Sales in top 8 cities up 21% in Jan-March on cheaper home loans, push to affordable housing
     

Civic body plans up to 4% rebat on property tax for early birds

Publication: TIMES OF INDIA Date : 12 MAY 2017
The BMC plans to offer an early bird scheme for property tax payment this year that gives a rebate of 2% to 4%. The proposal is to be tabled before the standing committee on Friday.
     

Now avail of rebate by paying property tax early

Publication: THE ASIAN AGE Date : 12 MAY 2017
Mumbai: An early bird incentive scheme awaits those who pay their property tax bills well in time. As part of this scheme, the Brihanmumbai Municipal Corporation (BMC)
     

CREDAI-MCHI,

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