19TH JUNE 2017

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Biggest affordable housing project in Thane gets nod

Publication: DNA Date : 19 JUNE 2017
In a big push for affordable housing in the state, proposals for 3,000 homes under Prime Minister Narendra Modi's pet project Pradhan Mantri Awas Yojana (PMAY) in Thane have been granted approval from the state government's appraisal committee.

Builders bet on affordable housing amid realty slowdown

Publication: MINT Date : 19 JUNE 2017
Both large and mid-sized realty firms are betting big on building and selling homes in the Rs20-60 lakh segment, driven by demand and encouraging government tax incentives



Decks clear, govt plans midnight tryst with GST

Publication: THE TIMES OF INDIA Date : 19 JUNE 2017
Like India's tryst with destiny on the midnight of August 15, 1947, the Narendra Modi government is planning to roll out the goods and services tax (GST) from the central hall of Parliament on July 1

GST: FinMin asks builders to pass benefits to buyers

Publication: BUSINESS STANDARD Date : 19 JUNE 2017
The finance ministry on Sunday said developers should pass on any reduction in prices of under-construction houses (due to input tax credits) to buyers after the goods and services tax (GST) is introduced next month.



Small Realtors Ink JVs with Big Cos to Play in the RERA World

Publication: ECONOMIC TIMES Date : 19 JUNE 2017
Mumbai | Bengaluru:   With compliance being tough for small players, new rules could lead to consolidation in sector



Fight over 5,000 sq m at Azad Maidan - After trees, Metro-3 cuts space for sports

Publication: MUMBAI MIRROR Date : 19 JUNE 2017
State sports department writes to Mumbai Metro Rail Corporation, saying it has encroached upon 5,000 square metres of land meant for sporting activities



Oval-size joy for suburbs as BMC plots 10 mini recreation zones

Publication: TIMES OF INDIA Date : 19 JUNE 2017
Mumbai:   Andheri To Get Another Sports Complex, Mulund A Playground Andheri is set to get another sports complex--half the size of Oval Maidan-as the BMC last month took possession of a 49,000sqm (12 acre) plot

More land at Kanjur will solve garbage issues: BMC

Publication: DNA Date : 19 JUNE 2017
The Brihanmumbai Municipal Corporation (BMC) has filed a fresh affidavit before the Bombay High Court regarding its new proposal of waste disposal. The solid waste management department of BMC



Retail rents remain flat across key Indian citiesl

Publication: FINANCIAL EXPRESS Date : 19 JUNE 2017
Of the 18 featured markets, almost all markets – including most sub-markets of Indian cities – recorded flat rents. Marginal appreciation of 0.5-1.5% q-o-q was recorded in select sub-markets of Delhi-NCR and Mumbai.

$3.5 billion syndrome

Publication: FINANCIAL CHRONICLE Date : 19 JUNE 2017
Divestment by big developers may drive a record four-fold rise in institutional funds inflow into India’s commercial real estate this year

Mix and match to fetch the best

Publication: FINANCIAL CHRONICLE Date : 19 JUNE 2017
This is Indian realty’s latest trend. Premium developers in the real estate sector are promoting properties abroad, clubbing them with travel and tourism.


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