18TH JANUARY 2018

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MCHI-CREDAI

RR RATE NEWS

     

State plans 4 times RR rate for rural land acquisition

Publication: TIMES OF INDIA Date : 18 JANUARY 2018
Mumbai: Privately owned land in rural areas acquired for public infrastructure projects will now get an increased compensation four times the Ready Reckoner rate.

CITY NEWS

     

GST and stamp duty on property may be merged at 12%

Publication: DNA Date : 18 JANUARY 2018
Will home buyers get taxation relief to buy a property? This is what Goods and Services Tax (GST) Council will decide today in its 25th meeting.
     

Less than 1% of Mumbai’s 2.98 lakh buildings are fire compliant

Publication: HINDUSTAN TIMES Date : 18 JANUARY 2018
Less than 1% of the 2.98 lakh odd buildings in the city are fire compliant, according to the fire brigade’s data.
     

Startup policy clears ground, aims to profit 10,000 projects

Publication: TIMES OF INDIA Date : 17 JANUARY 2018
Mumbai: The state cabinet on Wednesday approved the innovation and startup policy that aims to offer several incentives and funding to upcoming entrepreneurs.

OTHER CITY NEWS

     

Bonanza time: 22.5% developed land for all Navi Mumbai PAPs

Publication: TIMES OF INDIA Date : 18 JANUARY 2018
Navi Mumbai: The state cabinet on Wednesday decided to extend the 22.5% compensation scheme for all Cidco infrastructure projects in Navi Mumbai.
     

Maharashtra Cabinet Meeting: People hit by all CIDCO projects set to get 22.5 per cent of developed land

Publication: THE INDIAN EXPRESS Date : 18 JANUARY 2018
As per CIDCO, for the airport project, a 700 sqm plot valued at 21 lakh at present, would be valued at Rs 7 crore

REALTY NEWS

     

Puravankara arm Provident to invest Rs2,500 crore in affordable projects

Publication: MINT Date : 18 JANUARY 2018
The projects will largely be funded through sales and some construction finance will also be raised, says Ashish R. Puravankara, managing director of Puravankara
     

Can Modi's home-for-all pledge create India's own subprime problem?

Publication: BUSINESS STANDARD Date : 18 JANUARY 2018
Indian banks have been channeling increasing amounts of credit to affordable housing after Modi promised to provide a home for every Indian family by 2022
 

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