21ST TO 25TH MARCH 2019

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MCHI-CREDAI

21ST MARCH 2019 NEWS

MCHI NEWS

     

QUOTE ON NEW GST RATE CUTS ON UNDER-CONSTRUCTION HOUSESAND AFFORDABLE HOUSING

Publication: PROPERTY HOUSE Date : 21 MARCH 2019
"As far as the reduction on GST is concerned"
     

MPL 6

Publication: PROPERTY HOUSE Date : 21 MARCH 2019
MPL6 concludes, Sethia infrastructure continues the winning streak for second time, holds championship

22ND MARCH 2019 NEWS

GST NEWS

     

It’s happy Holi for real estate: Council cuts GST rates

Publication: THE FREE PRESS JOURNAL Date : 22 MARCH 2019
Rationalising GST rates applicable on real estate sector is likely to bring back the boom in housing sector. A decision to this effect was taken by GST Council at its meeting held on Tuesday.
     

Post elections, GST Council may consider revising definition of affordable housings

Publication: BUSINESS LINE Date : 22 MARCH 2019
Some States seek changes in definition, freedom to fix ceiling for levying taxes

REALTY NEWS

     

Commercial real estate space is witnessing a reduction in vacancy levels

Publication: FINANCIAL EXPRESS Date : 22 MARCH 2019
he commercial real estate space is witnessing a reduction in vacancy levels, rental appreciation and consolidation, with just eight to nine large developers dominating the market, Care ratings agency has said in its report.
     

Lok Sabha elections 2019| ‘Focus on employment correct, criticism on job creation not’: Hardeep Singh Puri

Publication: HINDUSTANT TIMES Date : 22 MARCH 2019
For Smart Cities, it takes about 15-18 months to set up a Special Purpose Vehicle (SPV) and it takes another 18 months to get the project consultant,
     

23RD MARCH 2019 NEWS

AFFORDABLE HOUSING NEWS

     

India election 2019: Is India building enough new houses?

Publication: BBC NEWS Date : 23 MARCH 2019
Pledge: The current government has promised that every Indian will have a home to live in by 2022 - with 10 million homes ready by this year in rural areas and 10 million ready by 2022 in urban areas.

REALTY NEWS

     

REITs bring hopes to cash-strapped Indian real estate

Publication: BUSINESS STANDARD Date : 23 MARCH 2019
The launch of India's first Real Estate Investment Trust (REIT) and its initial public offering last week has come as a positive move for the cash-starved Indian real estate sector.

24TH MARCH 2019 NEWS

CITY NEWS

     

One flat, one free parking

Publication: MUMBAI MIRROR Date : 24 MARCH 2019
The State Consumer Disputes Redressal Commission (SCDRC) has directed the BMC to make it mandatory for builders to provide a car park with each apartment sold without any additional charge.
     

TMC bites into 40 ha of ecozone for Metro carshed

Publication: MUMBAI MIRROR Date : 24 MARCH 2019
Gives 30 days to citizens to file suggestions and objections; environmentalists call it land grab

25TH MARCH 2019 NEWS

REALTY NEWS

     

Housing prices up 7%, sales down 28%, supply dips 64% in last five years: Anarock

Publication: ECONOMIC TIMES Date : 25 MARCH 2019
Housing prices rose by a modest 7 per cent in seven major cities during the past five years, while sales and new supply have declined 28 per cent and 64 per cent, respectively, according to brokerage firm Anarock.
     

Luxury Real Estate Demand Set To Rise, Say Developers

Publication: NDTV PROFIT Date : 25 MARCH 2019
Experts also noted that the transparency brought in by the Real Estate Regulatory Act and GST has helped the sector including the high-end segment.

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