2OTH SEPTEMBER 2017 NEWS

INFRA NEWS

HC refuses to permit Metro 3 work at night

Publication: TIMES OF INDIA Date : 20 SEPTEMBER 2017

Bombay high court on Tuesday declined to pass a “blanket'' order allowing Metro III authorities to transport construction material, heavy machinery and debris at night, noting that it will affect citizen's sleep.

CITY NEWS

10k hsg socs in city finally get to own land

Publication: TIMES OF INDIA Date : 20 SEPTEMBER 2017

Mumbai:   Around 10,000 housing societies in Mumbai and thousands more in Navi Mumbai, Thane, Pune and other cities are likely to get ownership soon of the land on which their buildings have stood for decades.

Now, proof of possession enough for housing societies to get plot ownership

Publication: THE INDIAN EXPRESS Date : 20 SEPTEMBER 2017

In Mumbai alone, the move is expected to benefit over 5,000 housing societies. It would be applicable all over the state. The cooperatives department has issued a notification in this regard.

RELATY NEWS

Purging the realty sector: Implementing a strong RERA can help weed out the problems

Publication: DNA Date : 20 SEPTEMBER 2017

Real estate businesses have for long survived at the expense of the consumer. Knowingly or unknowingly, state governments, banks, builders, and even the RBI have had a role to play in it.

21ST SEPTEMBER 2017 NEWS

CITY NEWS

Now, proof of possession enough for housing societies to get plot ownership

Publication: THE INDIAN EXPRESS Date : 21 SEPTEMBER 2017

In Mumbai alone, the move is expected to benefit over 5,000 housing societies. It would be applicable all over the state. The cooperatives department has issued a notification in this regard.

Maharashtra makes it easier to obtain deemed conveyance, 10k societies in Mumbai to benefit

Publication: HINDUSTAN TIMES Date : 21 SEPTEMBER 2017

Approximately 10,000 cooperative housing societies across Mumbai can heave a sigh of relief, as they can now get the deemed conveyance

`Only on possession, you become flat owner'

Publication: TIMES OF INDIA Date : 20 SEPTEMBER 2017

If a component of LTCG is reinvested in another ho use in India within a stipulated period­one year prior or two years from the date of sale of the first house--the taxpayer can claim a tax exemption under Section 54 of the I-T Act.

REALTY NEWS

Mumbai realty grapples with 50% unsold inventory

Publication: DNA Date : 21 SEPTEMBER 2017

Mumbai homebuyers remain chary of new purchases, irrespective of which end of the budget spectrum they are at. Unsold inventory in the so-called city of dreams for 1-, 2-, and 3-BHK homes remains