MCHI NEWS

Respite for Maximum City

Publication: society magazine Date : 19 SEPTEMBER 2017

For any Mumbaika, a major chunk of their time

RERA NEWS

Supreme Court Refuses To Lift Stay On RERA Cases Against Jaypee Infratech

Publication: BLOOMBERG Date : 19 SEPTEMBER 2017

The Supreme Court of India on Monday refused to lift the stay on initiating proceedings against Jaypee Infratech Ltd. and its parent Jaypee Associates under consumer and housing laws

INFRA NEWS

Maharashtra to begin work on Rs 1 trillion infra projects this year

Publication: THE INDIAN EXPRESS Date : 19 SEPTEMBER 2017

Maharashtra chief minister Devendra Fadnavis said opportunities exist in the state for businesses across all sectors, and pointed out upcoming areas under the Smart City initiative

CITY NEWS

In Mumbai: 3,000 flats in Dadar and Lower Parel at Mhada prices soon

Publication: HINDUSTAN TIMES Date : 19 SEPTEMBER 2017

Mumbai’s space-starved island city will soon have more than 3,000 houses on the block in three high-rise buildings, at prices significantly lower than the market rates.

Sell developer's properties to pay transit rent for tenants of stalled Dadar bldg: HC

Publication: TIMES OF INDIA Date : 19 SEPTEMBER 2017

aking a stern view of how a developer had left tenants of a building being redeveloped in Dadar (west) in the lurch without paying them transit rent, the Bombay high court 

REALTY NEWS

REITs, InvITs get Sebi nod to raise funds via bonds

Publication: THE INDIAN EXPRESS Date : 19 SEPTEMBER 2017

The board of the Securities and Exchange Board of India (Sebi) on Monday allowed hybrid instruments such as Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)

Indiabulls Real Estate slips 7% post huge block deals

Publication: BUSINESS STANDARD Date : 19 SEPTEMBER 2017

Indiabulls Real Estate dipped 7% to Rs 232 in intra-day on BSE after more than eight percentage points of total equity of real estate developer changed hands in multiple block deals.

Home loan growth hits a new low, defying forecast of a realty revival

Publication: MINT Date : 19 SEPTEMBER 2017

Paradoxically, at a time when the real estate sector is believed to be showing signs of recovery, growth in home loans by scheduled commercial banks is steadily declining. Reserve Bank of India’s data shows

Loans for affordable homes at 16 per cent of total housing credit: Icra

Publication: FINANCIAL EXPRESS Date : 19 SEPTEMBER 2017

Overall, Icra expects gross NPAs for all affordable HFCs to remain around 2.5%-3% over the medium term; though asset quality for the newer players would be weaker.

For inherited property, cost is what it was acquired at other than by inheritance

Publication: MINT Date : 19 SEPTEMBER 2017

I have sold a residential property for Rs70 lakh, which was inherited by me, and incurred long-term capital gains (LTCG) tax on it.