1ST TO 3RD FEBRUARY 2017

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MCHI-CREDAI

1ST FEBRUARY 2017 NEWS

 INFRA NEWS

     

Mumbai monorail turns three today but shortage of rakes may delay phase-ll

Publication: HINDUSTAN TIMES Date : 01 FEBRUARY 2017 PAGE: 06
Even as the country’s only monorail corridor completes three years today, the project continues to face trouble. The monorail was supposed to be a first-of-its-kind transportation system in the country which would cater to 1.25 lakh passengers daily but in reality, it has reduced to a 8.9-km joyride.

 CITY NEWS

     

Unsold real estate units touch 2.55 lakh in Mumbai Metropolitan Region

Publication: HINDUSTAN TIMES Date : 01 FEBRUARY 2017 PAGE: 06
The real estate market in the Mumbai Metropolitan Region (MMR) has yet not picked up pace as the number of unsold apartments rose to a staggering 2.55 lakh units from 2.46 lakh three months back.

 REALTY NEWS

     

Call to bring real estate under GST

Publication: BUSINESS LINE Date : 01 FEBRUARY 2017 PAGE: 05
NEW DELHI, JANUARY 31: After inflicting the pain of demonetisation aimed at combating black money and corruption, among others, it is now time to shower relief on people.

2ND FEBRUARY 2017 NEWS

 MCHI NEWS

     

Demonetization woes far from over for real estate sector; home sales set to fall in 2017: Fitch

Publication: DNA Date : 02 FEBRUARY 2017 PAGE: 05
A report by Fitch Ratings has said that home sales are likely to continue their downward trail because of "disruption caused by demonetization and general caution on the part of buyers."
     

Post-Budget reviews of some of the eminent personalities

Publication: ARCHITECTURE Date : 02 FEBRUARY 2017 PAGE: 05
“The Union Budget 2017-18 aims at comprehending the dream of building a transparent and sustainable economy by providing an impetus to rural economy, road infrastructure, airports and railways, which is a welcome move.
     

Budget will boost economic activity in infrastructure sector

Publication: INDIA INFOLINE Date : 02 FEBRUARY 2017 PAGE: 05
Budget 2017 is a very good growth oriented budget. Affordable housing is re-defined in this budget. Infra status for affordable housing is an excellent move and is welcomed by all the developers.
     

Affordable Housing expected form Budget

Publication: NAVBHARAT Date : 02 FEBRUARY 2017 PAGE: 05
The article highlights the status of infrastructure given to the affordable housing is the boost for the real estate industry with quote of Dharmesh Jain, President, CREDAI-MCHI.
     

Real estate expected from Budget

Publication: YASHOBHUMI Date : 02 FEBRUARY 2017 PAGE: 05
The article highlights the status of infrastructure given to the affordable housing is the boost for the real estate industry with quote of Dharmesh Jain, President, CREDAI-MCHI.
     

Affordable Housing expected form Budget

Publication: GYANPUNJ Date : 02 FEBRUARY 2017 PAGE: 05
The article highlights the status of infrastructure given to the affordable housing is the boost for the real estate industry with quote of Dharmesh Jain, President, CREDAI-MCHI.
     

 BUDGET NEWS

     

Now, affordable houses get 30% more room

Publication: TIMES OF INDIA Date : 02 FEBRUARY 2017 PAGE: 02
MUMBAI: With a tweak in definition, finance minister Arun Jaitley has made affordable housing more affordable. Henceforth, instead of built-up area, carpet area will be considered for low-cost housing. This will broadly increase house sizes by 30%.

CONTI...

     

A home for all: Infra status builds Big hopes for realty

Publication: DNA Date : 02 FEBRUARY 2017 PAGE: 02
Real estate is one sector that is quite enthused by this year’s Budget for one of their long-pending demands have been met

CONTI...

     

Tax incentives may not help real estate market: Experts

Publication: HINDUSTAN TIMES Date : 02 FEBRUARY 2017 PAGE: 02
Mumbai, Feb. 2 -- The Union Budget may have given infrastructure status to the real estate sector along with a couple of tax incentives but these are unlikely to make a big impact on the realty market in Mumbai.

CONTI...

CONTI...

     

 REALTY NEWS

     

Budget 2017 aims to boost affordable housing plan

Publication: MINT Date : 02 FEBRUARY 2017 PAGE: 05
Arun Jaitley proposes to assign infrastructure status to affordable housing, along with a slew of budget measures to facilitate higher investments in the sector.
 

3RD FEBRUARY 2017 NEWS

INFRA NEWS

     

MMRC to harness solar energy for Metro 3 project

Publication: INDIAN EXPRESS Date : 3 FEBRUARY 2017 PAGE: 04
Lighting, ACs to run on solar power for the upcoming Mumbai metro rail project.
     

Cuffe Parade residents see red as trees being hacked for Metro III

Publication: TIMES OF INDA Date : 3 FEBRUARY 2017 PAGE: 06
Mumbai: In the last two days, Cuffe Parade resident Robin Jaisinghani and his family of four are witnesses to the massive hacking of trees, which till last week stood tall, providing shade to locals and pedestrians.
     

Citizens take on MMRDA over free parking at BKC

Publication: TIMES OF INDA Date : 3 FEBRUARY 2017 PAGE: 06
Mumbai: Employees and visitors who travel to BandraKurla Complex (BKC) are protesting against Mumbai Metropolitan Region Development Authority (MMR-DA) for closing four `pay and park' lots three days back.
     

 CITY NEWS

     

Not really a second home: Tax clause bites

Publication: TIMES OF INDA Date : 3 FEBRUARY 2017 PAGE: 17
Mumbai: The Union government's decision to cap tax benefits on the purchase of a sec ond home (as an investment) will act as a deterrent for people to use real estate as an instrument to save tax.

CONTI...

 

REALTY NEWS

     

Realtors line up with projects

Publication: BUSINESS STANDARD Date : 3 FEBRUARY 2017 PAGE: 14
Developers of affordable housing such as Tata Housing, Shapoorji Pallonji Real Estate, Puravankara, and others are looking at launching more affordable housing projects after Finance Minister Arun Jaitley provided a number of sops to boost budget housing

CONTI...

 

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