16TH MARCH 2017

If you cannot read this email, please click here



MCHI-CREDAI

 NATIONAL NEWS

     

Govt plans to let you withdraw 90% of EPF savings to buy home

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 01
New Delhi: The Centre will amend the Employees' Provident Fund (EPF) scheme to enable around 4 crore members of retirement fund body EPFO to withdraw up to 90% of their fund for making down payments while buying houses, Parliament was informed on Wednesday .
     

Soon you can withdraw pay 90% of EPF money to buy that dream house

Publication: DNA Date : 16 MARCH 2017 PAGE: 05
In what could come as a big relief to home buyers, the government is looking to amend the Employees' Provident Fund (EPF) scheme to allow its members to withdraw up to 90% of their savings in the fund for making down payments while buying a home.
     

Govt to allow EPF withdrawals to cover down payments on home loans

Publication: MINT Date : 16 MARCH 2017
Govt plans to amend EPF scheme to allow EPFO subscribers to withdraw funds for also paying EMIs on home loans

 ENEMY PROPERTY NEWS

     

Tenants keen to rid their front porch of enemy property tag

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 04
Mumbai: Parliament passed the Enemy Property Bill on Tuesday ,

CONTI...

CONTI...

RR NEWS

     

CM treads with caution on RR rate hike

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 08
Mumbai: A mid growing chorus on maintaining status quo on ready reckoner rates, Chi ef Minister Devendra Fadnavis said on Wednesday that he was still “studying the situation“.

INFRA NEWS

     

MMRDA proposes to extend Metro-IV from Wadala to GPO

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 05
Mumbai: The 32-km long Metro-IV (Wadala and Kasarva davli via Ghatkopar and LBS Road), will be extended up to GPO in South Mumbai via Mumbai Port Trust (MbPT) land on the eastern waterfront.

CONTI...

     

Tunnel proposed under national park for GMLR

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 01
Geo-Technical Survey For Project Completed A geo-technical survey for the ambitious Goregaon-Mulund Link Road (GMLR) project has been completed and it has been decided to construct a five-km tunnel under the Sanjay Gandhi National Park (SGNP).

OTHER CITY NEWS

     

Navi Mumbai: Agri Koli youths on hunger strike, demand regularisation of homes

Publication: THE INDIAN EXPRESS Date : 16 MARCH 2017 PAGE: 03
The protest, organised by the Agri Koli Youth Foundation, is aimed at highlighting the issues faced by the ‘sons of the soil’, after their land was given away for various projects more than four decades ago.

 CITY NEWS

     

HC to decide if study on height of bldgs near airport is needed

Publication: TIMES OF INDIA Date : 16 MARCH 2017 PAGE: 05
Mumbai: Bombay high court on Wednesday said it will decide whether to allow an aeronautical study to be carried out to ascertain the permissible height of buildings in a sensitive core area around Mumbai airport.
     

Redeveloper, society fined for blocking payments to flat owner

Publication: MUMBAI MIRROR Date : 16 MARCH 2017 PAGE: 07
Consumer forum dismisses builder and society's claims that the complainant sold his flat and is therefore not entitled The state consumer disputes redressal commission (SCDRC) slapped a fine of Rs 1.15 lakh on a builder
     

State investigates destruction of Gorai mangroves

Publication: MID-DAY Date : 16 MARCH 2017 PAGE: 02
A day after this paper's report, the Mangroves Cell is probing illegal dumping at Gorai, while activists have pointed out a similar threat at Charkop too

REALTY NEWS

     

Affordable housing won't be a good investment option

Publication: BUSINESS STANDARD Date : 16 MARCH 2017
You may have noticed advertisements from several builders offering affordable homes in the past few months.
     

Residential unit launches in Mumbai, Bengaluru, Delhi, others, sees 14% fall in ticket size in 2016: Cushman & Wakefield

Publication: FINANCIAL EXPRESS Date : 16 MARCH 2017
The ticket size of new launches of residential units across the top eight cities saw an average decline of 14% on a year-on-year (y-o-y) basis in 2016, according to the latest report from Cushman & Wakefield.
     

Developers liable for building's safety now in the new code

Publication: ET REALTY Date : 16 MARCH 2017
NEW DELHI: Builders can be made liable for the safety of the structure, as per the new national building code proposed by the Centre to be followed by the states.
     

SBI, CREDAI sign MoU to work towards providing housing for all

Publication: ET REALTY Date : 16 MARCH 2017
MUMBAI: SBI and CREDAI have entered into an MoU to jointly conduct various initiatives towards 'Housing for All' initiative in the next 3 years.
 

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