MCHI NEWS

Budget expectations from Real – Estate sector: 2018

Publication: GUJRAT MID-DAY Date : 19 JANUARY 2018

ALL eyes are set on february 1, 2018, when Hon’ble finance Minister Shri Arun Jaitley will present the Union Budget.

‘Homebuyers expect larger tax concessions’

Publication: HT ESTATE Date : 20 JANUARY 2018

All eyes are on February 1, when finance minister Arun Jaitley will present the Union Budget. Considerably impacted by structural policy reforms in the year 2017 like Demonetisation, RERA & GST, real – estate industry 

SRA NEWS

SRA set to use drones to map huts, demarcate slum boundaries in Mumbai

Publication: HINDUSTAN TIMES Date : 20 JANUARY 2018

The decision was taken as the current manual survey was not producing accurate information due to various logistical reasons.

SRA to fly drones to survey city’s slums

Publication: THE ASIAN AGE Date : 20 JANUARY 2018

The use of drones is expected to facilitate the work of digitisation of each individual hut, said sources.

GST NEWS

Metro construction companies could offset increased cost with lower GST

Publication: INDIAN EXPRESS Date : 20 JANUARY 2018

With the Goods and Service Tax (GST) rate on the metro and monorail construction being brought down to 12 per cent from 18 per cent, the EPC (engineering-procurement-construction)

RERA NEWS

RERA is regulation, not strangulation: Vice president

Publication: ET REALTY Date : 20 JANUARY 2018

Speaking at the 27th All India Builders' Convention of Builders' Association of India, he said some fly-by-night operators were misusing the confidence reposed in them by consumers, bringing a bad name to the entire industry

 CITY NEWS

With ₹70,000 crore in BMC’s reserves, Mumbai continues to battle bad roads, flooded drains

Publication: HINDUSTAN TIMES Date : 20 JANUARY 2018

Even as Mumbaiites lost their lives to open manholes, potholes and fires in 2017, the Brihanmumbai Municipal Corporation (BMC) is sitting on Rs70,000 crore in deposits.

REALTY NEWS

Strategic investors can invest up to 25 per cent in REITs/InvITs: SEBI

Publication: INDIAN EXPRESS Date : 20 JANUARY 2018

"The strategic investor(s) shall, either jointly or severally, invest not less than 5 per cent and not more than 25 per cent of the total offer size," the Securities and Exchange Board of India said in a circular.