20TH MAY 2017 NEWS

 MCHI NEWS

The third edition of CREDAI – MCHI BIZNET was held recently at Hotel Sofitel, BKC

Publication: DNA Date : 20 MAY 2017

BIZNET, the business and networking Platform by CREDAI – MCHI for the real estate industry held on May 3, 2017, at Hotel Sofitel, BKC, Mumbai met with success amidst the presence of over 100 developers

 RERA NEWS

A real boon for homebuyers

Publication: DNA Date : 20 MAY 2017

Maharashtra is the frontrunner in implementing and making itself RERA ready, ensuring greater transparency

 GST NEWS

GST won't raise cost of most services: Govt

Publication: TIMES OF INDIA Date : 20 MAY 2017

Srinagar:   Economy Air Travel To Cost Less, 5-Stars More Higher Rate On Telecom, Insurance, But Bills May Not Rise Businesses, Tax Experts Not So Sure; 4 Slabs Of 5, 12, 18, 28% Mirror Rates On Goods

GST: Despite 12% headline rate, work contracts to be cheaper

Publication: THE INDIAN EXPRESS Date : 20 MAY 2017

The GST regime will reduce the cash component of the construction economy, because, to avail of ITC, the raw materials have to be sourced from GST-registered vendors.

 DEMONETISATION NEWS

DeMon effect? Stamp duty collections only 89% of target

Publication: TIMES OF INDIA Date : 20 MAY 2017

Mumbai:   The collection of stamp duty and registration fees in the state for 2016-17 fell short by Rs 2,536 crore compared to budget estimates and land revenue collections fell short by Rs 1,401 crore,

 INFRA NEWS

SoBo resident seeks HC panel's help to save trees in metro path

Publication: TIMES OF INDIA Date : 20 MAY 2017

Day After Order By SC On Metro, Tussle Continues Churchgate resident Nina Verma approached

CONTI...

 CITY NEWS

300% hike in parking fees: South Mumbai residents to move HC against BMC’s policy

Publication: HINDUSTAN TIMES Date : 20 MAY 2017

Mumbai city news:  Besides opposing the 300% hike in parking charges, residents say they are clueless about the overall implementation of the policy by the civic body.

Mumbai only city in country to see luxury home prices up: Report

Publication: THE INDIAN EXPRESS Date : 20 MAY 2017

Luxury home prices in Mumbai witnessed 1.1 per cent growth in the first quarter of 2017, making it the only city in the country that saw an increase in the luxury category, global property consultant Knight Frank said in a report.

 OTHER CITY NEWS

Navi Mumbai beats city in office rental space growth

Publication: TIMES OF INDIA Date : 20 MAY 2017

Navi Mumbai   The growth in office rental transactions in Navi Mumbai was the highest in the Mumbai Metropolitan Region in the first quarter of the year as compared to the same period last year.

 REALTY  NEWS

MoEF halts construction of mall tied to Lalu's family

Publication: TIMES OF INDIA Date : 20 MAY 2017

In yet another blow to RJD chief Lalu Prasad, the Union environment ministry has ordered that the construction of a mall on a two-acre plot in Patna be stopped.

For Homebuyers, New Tax Will Not Mean Higher Costs

Publication: ECONOMIC TIMES Date : 20 MAY 2017

Mumbai:   Homebuyers are unlikely to be burdened with additional tax outgo and cost from the introduction of GST.

21ST MAY 2017 NEWS

 RERA NEWS

`If bldrs don't register by July, they face high penalty under RERA'

Publication: TIMES OF INDIA Date : 21 MAY 2017

Former bureaucrat Gautam Chatterjee, who took over as chairman of Maharashtra Real Estate Regulatory Authority (RERA), tells Nisha Nambiar that if developers fail to get registered before end of July ,

 GST NEWS

GST won't affect financial autonomy of local bodies: State

Publication: MUMBAI MIRROR Date : 21 MAY 2017

The state government said that it would ensure that the goods and ser vices tax (GST) does not hamper the financial autonomy of local self-gov ernment bodies, as the special three day session of the state Legislature