14TH APRIL 2017

If you cannot read this email, please click here



MCHI-CREDAI

 GST NEWS

     

New GST rates may raise property costs, say real estate developers

Publication: MINT Date : 14 APRIL 2017
If the real estate sector comes under the expected 18% tax slab and stamp duty is not subsumed under GST, property prices may rise, worry developers

RERA NEWS

     

Govt reiterates RERA to be implemented on May 1, urges states to expedite process

Publication: ET REALTY Date : 14 APRIL 2017
NEW DELHI: The government on Thursday has clarified that the much-awaited real estate regulatory Act (RERA) will come into full effect from May 1 and has urged states to notify the rules and set up the regulatory authorities in the set time frame.
     

Are on-going realty projects being covered under RERA in your state?

Publication: ET REALTY Date : 14 APRIL 2017
The real estate panorama is set to change soon. May 1, 2017, is the date when the Real Estate (Regulation and Development) Act, 2016 (RERA) becomes effective in the entire country.

AAI NEWS

     

Kerala lawyer explains his motive behind filing PIL for demolishing illegal structures around Mumbai airport

Publication: MID-DAY Date : 14 APRIL 2017
In a city where real estate is a premium luxury - either owning a home is a pipe dream, or for those that have, their greatest asset - a Bombay High Court order on Wednesday,
     

Mumbai: BMC shrugs off blame on AAI for giving OCs

Publication: MID-DAY Date : 14 APRIL 2017
In what is sure to raise hackles of most real estate developers, the Bombay High Court on Wednesday ordered action against buildings that could be possible threats to incoming and outgoing flights at Mumbai Airport.
     

INFRA NEWS

     

Maharashtra to spend Rs 1,622 crore on infrastructre in tier-II cities

Publication: ET REALTY Date : 14 APRIL 2017
MUMBAI: The state government sanctioned a Rs 1,622-crore plan for developing infrastructure in 28 tier-two cities in Maharashtra.

CITY NEWS

     

Mangrove Cell sits still over complaints

Publication: THE ASIAN AGE Date : 14 APRIL 2017
Mumbai: Despite receiving a letter almost a month back from Plants and Animals Welfare Society (PAWS) about alleged destruction of mangroves, the Mangrove Cell has allegedly not been taking action against people damaging the ‘protected forest’ of Kandivali and Gorai.
     

BMC expedites razing of illegal buildings

Publication: THE ASIAN AGE Date : 14 APRIL 2017
Mumbai: In the wake of the suspension of Sudhanshu Dwivedi, assistant municipal commissioner of N ward, for reportedly encouraging illegal constructions, civic officials in other wards have expedited action against such structures in their areas.
     

मदनपु-यात भूमिगत पार्किंग

Publication: महाराष्ट्र टाइम्स Date : 14 APRIL 2017
वाहतूक कोंडी फोडण्यासाठी उपाययोजना; ९०० गाड्या ठेवण्याची व्यवस्था

OTHER CITY NEWS

     

Navi Mumbai airport rehab plan for villagers revised

Publication: ET REALTY Date : 14 APRIL 2017
NAVI MUMBAI: For the second time, Cidco has tweaked the relief and rehabilitation package for villagers affected by the Navi Mumbai airport project. It has forwarded a fresh list of demands by villagers to the state government.

REALTY NEWS

     

Legal, regulatory woes hit land deals in Mumbai, suburbs

Publication: MINT Date : 14 APRIL 2017
Land deals in Mumbai and its suburbs have dried up as buyers, wary of legal and regulatory hurdles, refuse to pay up the money demanded by sellers
     

CREDAI claims artificial rise in cement prices will hike home prices, delay project delivery

Publication: ET REALTY Date : 14 APRIL 2017
NEW DELHI: Builders' body Confederation of Real Estate Developers Associations of India (CREDAI) has raised objections towards a sudden rise in cement prices by up to 40% in the last 2 months, saying such move will increase home prices and impact delivery of projects.
     

Asia’s largest REIT buys Metropolitan Plaza mall in China's Western Guangzhou

Publication: ET REALTY Date : 14 APRIL 2017
BENGALURU: Metropolitan Plaza, the landmark shopping mall in Western Guangzhou has been sold to Link REIT, Asia’s largest REIT. This deal is believed to be the largest shopping mall transaction in South China in recent years.
     

Real estate developer explores filmmaking opportunities

Publication: BOMBAY TIMES Date : 14 APRIL 2017
Setting new standards of luxurious lifestyle, real estate developer Sanghvi S3 Group inaugurated its luxurious S3 Club at Sanghvi S3 Ecocity near Dahisar check post.
     

मालमत्ता करवाढीच्या हालचाली

Publication: महाराष्ट्र टाइम्स Date : 14 APRIL 2017
जीएसटी अंमलबजावणीनंतर होणार निर्णय
     
 

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net