16TH TO 19TH JUNE 2018

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MCHI-CREDAI

16TH JUNE 2018 NEWS

RERA NEWS

     

RERA: About registration of project and its extension

Publication: AFTERNOON Date : 16 JUNE 2018
Mandatory registration of real estate project is one of key features of the RERA Act. Advocate Tanmay Ketkar explains what developers and buyers need to know about the same

INFRA NEWS

     

Mono runs into more trouble: Now, operator wants to exit

Publication: TIMES OF INDIA Date : 16 JUNE 2018
Mumbai: In a setback to the Monorail project, operator L&T-Scomi recently informed MMRDA it wants to exit it.

CITY NEWS

     

Irregularities found in 45% of flats inspected in Parel towers, HC told

Publication: TIMES OF INDIA Date : 16 JUNE 2018
Mumbai: Violations were found in around 45% of the flats inspected in the posh Ashok Towers in Parel,

CONTI...

     

After 90m ladder ‘fiasco’, BMC wants to know what hinders fire ops at high-rises

Publication: TIMES OF INDIA Date : 16 JUNE 2018
Mumbai: The blaze at Beau-Monde Towers’ B wing in Prabhadevi on June 13 has prompted the BMC to instruct the fire brigade to list hindrances that obstruct rescue operations in skyscrapers.

17TH JUNE 2018 NEWS

RERA NEWS

     

More security for land buyers as RERA to make title insurance a must

Publication: TIMES OF INDIA Date : 17 JUNE 2018
Pune: Chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA), Gautam Chatterjee, is all set make title insurance mandatory for registered developers.

CITY NEWS

     

HC upholds govt policy, says no to rehab for upper-floor slumdwellers

Publication: TIMES OF INDIA Date : 17 JUNE 2018
Mumbai: The Bombay high court has upheld a 2001 state government policy that doesn’t allow slumdwellers residing on mezzanine, or upper floors of hutments to be eligible for permanent rehabilitation or issuance
     

BMC to speed up permissions for redevelopment of structures in railway buffer zone

Publication: HINDUSTAN TIMES Date : 17 JUNE 2018
Redevelopment of slums and old buildings close to the railway tracks to get a boost now with the Mumbai civic body working out a system to ensure faster permissions for such constructions.
     

Virar-Alibaug corridor in fast lane? Maharashtra govt seeks ₹14,000-cr loan from World Bank

Publication: HINDUSTAN TIMES Date : 17 JUNE 2018
After chief minister Devendra Fadnavis pitched for financial assistance from the World Bank for the Virar-Alibaug Multimodal Corridor (VAMC),
     

18TH JUNE 2018 NEWS

INFRA NEWS

     

Saving greens: Cut trees only if necessary, Metro 2B official told

Publication: TIMES OF INDIA Date : 18 JUNE 2018
Mumbai: Facing flak from citizens for seeking blanket permission to cut hundreds of trees along the Mumbai Metro 2B route, 

CITY NEWS

     

₹2,500cr premium from extra FSI to fund sea link

Publication: TIMES OF INDIA Date : 18 JUNE 2018
Mumbai: The state government will provide viablility gap funding of Rs 2,500 crore for the proposed Bandra-Versova sea link from the premium that is collected by selling fungible floor space index (FSI) to builders.
     

Mumbai: BMC penalty collection department officials not reporting illegal construction, official reveals

Publication: DNA Date : 18 JUNE 2018
Despite the law clearly stating that every illegal construction in the city is to be levied with twice the amount of property tax as penalty,

OTHER CITY NEWS

     

Cidco puts on the block ₹500-crore Nerul plot that is under litigation

Publication: TIMES OF INDIA Date : 18 JUNE 2018
Mumbai: City and Industrial Development Corporation (Cidco) has put on the block a prime three-acre plot in Nerul which is under litigation.

REALTY NEWS

     

Large builders eye township projects as small firms exit

Publication: LIVE MINT Date : 18 JUNE 2018
Embassy Group and Shapooji Pallonji are venturing into township projects by developing land parcels in Bengaluru, and between Mumbai and Pune, respectively
     

The Air India building at Marine Drive is keeping the broke national carrier afloat

Publication: LIVE MINT Date : 18 JUNE 2018
At a time when Air India is struggling to pay salaries and has floated a tender for a Rs 1,000-crore short-term loan, the national carrier’s iconic 23-storey building on Marine Drive is doing its bit to keep the airline operational.

19TH JUNE 2018 NEWS

RERA NEWS

     

Pitting the bankruptcy code against RERA

Publication: TIMES OF INDIA Date : 18 JUNE 2018
By giving financial creditor status to home-buyers under IBC, the Centre has effectively killed RERA

AFFORDABLE HOUSING NEWS

     

How to make affordable housing more attractive

Publication: LIVE MINT Date : 19 JUNE 2018
To get subsidy under Pradhan Mantri Awas Yojana (Urban), the carpet area has been increased by 33%. Mint Money asks experts how affordable housing can be made more attractive:

CITY NEWS

     

Maharashtra CM is revving up state's overall growth: Morgan Stanley

Publication: DNA Date : 19 JUNE 2018
Undeterred by attempts of ruling Shiv Sena and opposition parties to corner state government with a variety of issues ahead of assembly elections slated for 2019,
     

After Kamala Mills blaze, special cell finds 1,468 Mumbai buildings are not fire-safe

Publication: HINDUSTAN TIMES Date : 19 JUNE 2018
A special cell— formed after the tragic Kamala Mills fire of 2017 — has found that nearly half of the 3,151 buildings it checked were not fire-safe or sufficiently equipped to fight a blaze.

CITY NEWS

     

₹2,500cr premium from extra FSI to fund sea link

Publication: TIMES OF INDIA Date : 18 JUNE 2018
Mumbai: The state government will provide viablility gap funding of Rs 2,500 crore for the proposed Bandra-Versova sea link from the premium that is collected by selling fungible floor space index (FSI) to builders.

REALTY NEWS

     

Piramal Capital grants Rs 200 crore to Appaswamy for land acquisition

Publication: MINT Date : 19 JUNE 2018
Appaswamy Group will use the Piramal Capital funds buy a land parcel in Kotturpuram, Chennai, from TVH Group to build a residential project with potential sales revenue of over Rs 1,000 crore
     

Claim home loan interest for tax deduction from rental income

Publication: MINT Date : 19 JUNE 2018
I am a salaried individual looking to buy a plot of land and build a house on it later. I don’t have any other housing property in my name. What conditions do I need to meet to avail a housing loan and tax benefits for this purchase? —Vidit Shah

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