01ST TO 03RD JULY 2019

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MCHI-CREDAI

01ST JULY 2019 NEWS

MCHI NEWS

     

Realty players bat for cut in red tapism and reduction in duties and development charges

Publication: DNA Date : 01 JULY 2019
State additional chief secretary (housing) Sanjay Kumar told DNA, "It was government's initiative to address some of the issues face by the realty sector for its revival."

CITY NEWS

     

Maharashtra eases rules to push building of budget homes

Publication: DNA Date : 01 JULY 2019
Builders in Maharashtra can now sell 50% of their houses through a MHADA-like lottery or on the first-cum-first-serve basis under the Pradhan Mantri Awas Yojana after getting into private-public partnership and joint venture arrangements with the government.
     

Special model for location-specific weather forecast

Publication: THE INDIAN EXPRESS Date : 01 JULY 2019
Sources from the MMRDA said these are areas where big infrastructure projects are coming up, and hence the MMRDA has demanded powers of SPA in these areas.

REALTY NEWS

     

Ease of doing business ranking: India cites reforms to get top-50 spot

Publication: BUSINESS STANDARD Date : 01 JULY 2019
After rising 23 places to attain the rank of 77 in World Bank’s Doing Business Report last year, India is now aiming higher and eyeing a spot in the top-50 list in this year’s report.
     

Tata Realty plans to ramp up commercial realty biz

Publication: MINT Date : 01 JULY 2019
Firm aims to step up land acquisitions, add nearly 10-15 million sq. ft in the short term The Mumbai-based company intends to step up growth through land acquisitions

02ND JULY 2019 NEWS

CITY NEWS

     

Maharashtra: Land acquisition for industrial purpose to be faster & easier

Publication: DNA Date : 02 JULY 2019
In a bid to boost industrial growth, acquisition of land for industrial purpose across the state soon will be exempted from the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (LARR), Act 2013.
     

HC stays move to build homes on playground

Publication: TIMES OF INDIA Date : 02 JULY 2019
Mumbai: The Bombay high court has stayed a state government notification that deleted a playground in Chembur used by a school from the development plan to enable the National Investigation Agency (NIA)

REALTY NEWS

     

Property tax waiver cleared for flats up to 500 sqft

Publication: TIMES OF INDIA Date : 02 JULY 2019
Mumbai: The state legislative council on Monday cleared the bill which gives residential properties with carpet area up to 500square feet a property tax waiver.
     

Sub-500 sq ft houses in Mumbai get 100% property-tax waiver

Publication: BUSINESS LINE Date : 02 JULY 2019
In a pre-election bonanza, the Maharashtra government on Friday decided to completely waive property tax on residential units up to 500 sq ft located within the Mumbai municipal area limits.
     

No property tax for up to 500 sqft Mumbai homes

Publication: DNA Date : 02 JULY 2019
Chief Minister Devendra Fadnavis said that the waiving of property tax decision will benefit nearly 30 lakh properties in Mumbai including 15 lakh residential properties as well.

03RD JUNE 2019 NEWS

CITY NEWS

     

Investment push, jobs likely focus of first budget of Modi govt 2.0

Publication: HINDUSTAN TIMES Date : 03 JULY 2019
Economic slowdown and unemployment are the two biggest worries of the government and these issues will be suitably addressed in the budget, the people cited above added.

REALTY NEWS

     

Top seven cities January-June residential sales up 22% on year: Report

Publication: ECONOMIC TIMES Date : 03 JULY 2019
MUMBAI | BENGALURU: The gradual revival in home buyers’ confidence and improved affordability has aided residential property sales across top seven property markets of India continue its resurgence witnessed in 2018 through the first half of 2019.

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