PMAY NEWS

CM TAKES STOCK - Modi's low-cost housing scheme flops in state

Publication: TIMES OF INDIA Date : 01 APRIL 2017

Mumbai: Prime Minister Narendra Modi's ambitious plan to provide affordable houses for the urban poor under the flagship programme, Pradhan Mantri Awas Yojana (Urban), has failed to take off in Maharashtra in a real sense owing to procedural wrangles and non-availability of land.

 OPEN SPACES NEWS

75% of port land allotted for open spaces, roads

Publication: TIMES OF INDIA Date : 01 APRIL 2017

Mumbai: Master Plan To Be Finalized In 6 Months: MbPT. As much as 75% of the 858 acres (390 hectares) of Mumbai Port Trust (MbPT) land will be a green zone and earmarked for open spaces and streets, according to a draft plan prepared by the consultant.

 HC NEWS

HC summons two builders over Andheri highrise delay

Publication: TIMES OF INDIA Date : 01 APRIL 2017 

Mumbai: The Bombay high court on Friday summoned Pranay Jain and Lalit Jain, former directors of Kumar Builders, to appear on Tuesday in a plea filed by two flat-buyers for completion of a 32-storey tower as part of a redevelopment project in Lokhandwala, Andheri (W)

 RR NEWS

Property rates may see hike

Publication: THE ASIAN AGE Date : 01 APRIL 2017

Mumbai: The ready reckoner (RR) rates in Maharashtra are likely to increase by five to 10 per cent from April 1.

EXPENSIVE REALTY - Mumbai Reckoner Rates Go Up by 5%

Publication: ECONOMIC TIMES Date : 1 APRIL 2017

Mumbai: Buying a property in Mumbai, the country's most expensive property market, is likely to get more costly as the state government has hiked ready reckoner rates by an average of 5% for various localities in the city .

 INFRA NEWS

BMC plans promenade linking Bandstand to Bandra Reclamation

Publication: MUMBAI MIRROR Date : 01 APRIL 2017

Civic body prepares blueprint of ambitious Rs 30-crore project that will connect two of Bandra's most popular hangouts. Bandra Fort, which has become a den of anti-social elements, will also get a much-needed makeover

Long wait over: Work on Mumbai Transharbour Link to begin this October

Publication: HINDUSTA TIMES Date : 01 APRIL 2017

After three decades on the drawing board and 10 years in planning and failed execution, work on the Mumbai Trans Harbour Link (MTHL) will finally begin in October..

 CITY NEWS

Grand Paradi apartments - Hsg society avoids being dissolved

Publication: MUMBAI MIRROR Date : 01 APRIL 2017

ivisional Joint Registrar sets aside earlier order, says complaint withdrawn by aggrieved parties. The Divisional Joint Registrar set aside an earlier order dismissing the entire managing committee of Grand Paradi apartments in South Mumbai.

‘Levying property tax on slums is tough’

Publication: HINDUSTA TIMES Date : 01 APRIL 2017

Though the Brihanmumbai Municipal Corporation (BMC) has re-introduced the proposal of levying tax on slums in its budget 2017-18, there are several roadblocks that will make it impossible to implement it.

REALTY NEWS

Deposited over Rs 2 Lakh? Declare in ITR

Publication: ECONOMIC TIMES Date : 1 APRIL 2017

New Delhi: Modified tax return form seeks details of cash deposited between Nov 9 and Dec 30 last year. Those who deposited cash of ` .

Housing in Mumbai set to get more expensive as MCGM proposes 1% surcharge

Publication: FINANCIAL EXPRESS Date : 1 APRIL 2017

MCGM proposal to levy a 1% surcharge on property deals, both in the primary as well as the secondary markets, would make houses further more expensive in Mumbai.