15TH MARCH 2018

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MCHI-CREDAI

PROPERTY TAX NEWS

     

Houses up to 700 sq ft can be exempted from property tax in Mumbai, says CM Fadnavis

Publication: HINDUSTAN TIMES Date : 15 MARCH 2018
In a bid to score over ally Shiv Sena, which rules the Brihanmumbai Municipal Corporation (BMC), chief minister Devendra Fadnavis on Wednesday announced that property tax for tenements measuring up to 700 sqft in the city can be waived off.
     

Mumbai: Property Tax Waiver Likely For Flats Up To 700 Square Feet

Publication: MID DAY Date : 15 MARCH 2018
In the political one-upmanship between the ruling allies, the citizen is emerging the ultimate winner.

DP NEWS

     

CM Devendra Fadnavis briefs the House on revised Development Plan

Publication: DNA Date : 15 MARCH 2018
Chief Minister Devendra Fadnavis on Wednesday briefly laid out the scope of Mumbai's development plan (DP), while announcing that the revised DP would be approved by the state government this month.
     

Extra FSI, TDR for redeveloping buildings in airport funnel zone

Publication: DNA Date : 15 MARCH 2018
About 3.5 lakh tenants housed in 6,000 buildings in Vile Parle, Santacruz, Kurla and Ghatkopar and the Central Ordnance Depot in Kandivali will be able to reap the rewards of redevelopment,
     

Relief for buildings in funnel zone

Publication: THE ASIAN AGE Date : 15 MARCH 2018
Mumbai: To overcome the redevelopment problem of 6,000 buildings in the funnel zone area near Vile Parle, Santacruz, Kurla and Ghatkopar, the state is mulling on giving additional Transfer of Development Rights (TDR) or Floor Space Index (FSI) elsewhere.
     

Mumbai development plan: Open spaces will not be compromised, says Devendra Fadnavis

Publication: THE INDIAN EXPRESS Date : 15 MARCH 2018
Mumbai makeover got a fresh impetus on Wednesday, with chief minister Devendra Fadnavis unveiling a series of policies related to affordable housing,
     

Buildings around Mumbai airport, defence land to get construction bonus: Govt

Publication: THE INDIAN EXPRESS Date : 15 MARCH 2018
While the new development plan was designed on the basis of universal floor space index for the entire city, another senior official said that the TDR sop would mean a switch towards a variable FSI regime.

OTHER CITY NEWS

     

Thane might be India’s first city to be developed under the cluster scheme

Publication: HINDUSTAN TIMES Date : 15 MARCH 2018
The corporation has prepared 43 urban renewal plans (URP), which aim to provide homes and employment in the neighbouring areas
     

World-renowned Zaha Hadid Architects to design Navi Mumbai airport

Publication: HINDUSTAN TIMES Date : 15 MARCH 2018
Terminal 1 and the air traffic control (ATC) tower of the city’s new airport in Navi Mumbai will be constructed and designed by Zaha Hadid Architects (ZHA), which recently designed Beijing airport's new Daxing terminal.
     

Zaha Hadid Architects to design Navi Mumbai airport

Publication: TIMES OF INDIA Date : 15 MARCH 2018
The GVK-led Navi Mumbai International Airport Private Limited (NMIAL) on Wednesday announced the appointment of globally renowned firm Zaha Hadid Architects (ZHA) to design the Navi Mumbai International Airport's Terminal 1 and the ATC Tower.

REALTY NEWS

     

Realty consultants beef up investment banking teams as big deals pop up

Publication: BUSINESS STANDARD Date : 15 MARCH 2018
International and domestic property consultants are increasing their capital market and investment banking teams as big real estate deals pop up.
     

Realty finds investor favour but it’s a rocky road to a full recovery

Publication: LIVE MINT  Date : 15 MARCH 2018
Clouds of gloom on some fronts such as a pile-up of unsold units and mounting debt are clearing up, but a recovery in home sales and prices, key to better profits, is still some quarters away
     

Piramal Housing Finance eyeing Rs1,000 crore loans by March

Publication: LIVE MINT  Date : 15 MARCH 2018
Piramal Housing Finance business is expected to cross Rs1,000 crore by March 2018 in disbursed loans and sanctioned amounts

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