NATCON NEWS

In London, CREDAI builds business, deconstructs RERA

Publication: BUSINESS LINE Date : 05 AUGUST 2017

LONDON, AUGUST 14: Several hundred members of the Confederation of Real Estate Developers Associations of India (CREDAI), gathered in London last week

CAG NEWS

Maha suffers loss due to undervaluation of property: CAG

Publication: ET REALTY Date : 15 AUGUST 2017

MUMBAI: The Maharashtra exchequer suffered a big revenue loss due to undervaluation of property resulting in lower stamp duty and registration fee during 2015-16, says a report of the Comptroller and Auditor General (CAG).

CITY NEWS

Inter-state gang uses bank peon to fake builder's cheque, draws Rs 86L

Publication: TIMES OF INDIA Date : 15 AUGUST 2017

Mumbai: A bank peon and his four accomplices have been arrested for siphoning off Rs 86.4 lakh from the bank account of a city builder on July 7.

2 Chinese firms bid for Rs10,700-crore revamp of BDD chawl in Mumbai’s Worli

Publication: HINDUSTAN TIMES Date : 15 AUGUST 2017

Three foreign firms, two of them from China, have shown an interest to redevelop one of Mumbai's largest land sprawls on prime real estate, the Bombay Development Directorate (BDD) chawl at Worli.

Redevelopment of Marine Drive properties to follow new norms in Mumbai

Publication: THE INDIAN EXPRESS Date : 15 AUGUST 2017

Unless the guidelines are opposed in court and the Supreme Court says otherwise, these are currently applicable to residents of the Marine Drive precinct. People can apply for redevelopment under the listed norms,” said a senior civic official.

REALTY NEWS

If you own a house, rent paid may not qualify for tax deduction

Publication: MINT Date : 15 AUGUST 2017

If the construction is completed, your eligibility to get the tax deduction would depend on whether you let out the property