22ND JUNE 2017

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MCHI-CREDAI

 GST NEWS

     

Builders warned against asking buyers to pay before July 1

Publication: TIMES OF INDIA Date : 22 JUNE 2017
New Delhi: It is illegal for builders to ask buyers of unfinished realty projects, including flats, to make full advance payment to avoid paying higher taxes after GST kicks in,
     

Will GST make homes expensive?

Publication: ET REALTY Date : 22 JUNE 2017
The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go up once the new tax regime kicks in

 RR NEWS

     

No ads of housing projects without registering with RERA: Govt

Publication: ET REALTY Date : 22 JUNE 2017
Clearing the air on real estate developers issuing advertisements, the government has said no ongoing or future projects can be advertised without registering them first with the new regulator.

 INFRA NEWS

     

International players bid for Mumbai Metro-3 trains

Publication: DNA Date : 22 JUNE 2017
Alstom, Kawasaki, Mitsubishi, Bharat Heavy Electricals Limited (BHEL), etc have come forward to supply rolling stock to Mumbai Metro Rail Corporation (MMRC) for its Mumbai Metro-3
     

Railways to woo builders for redeveloping stations

Publication: THE ASIAN AGE Date : 22 JUNE 2017
The six railway stations in question are: Mumbai Central, Kurla (Lokmanya Tilak Terminus), CST, Thane, Bandra and Andheri.

 CITY NEWS

     

BDD chawl redevelopment - Families already having a house eligible for scheme

Publication: MUMBAI MIRROR Date : 22 JUNE 2017
Inorder to fast track the redevelopment of Bombay Development Directorate (BDD) chawls located in central and south central Mumbai,
     

BMC violates its own open space policy - Mumbai loses yet another playground

Publication: MUMBAI MIRROR Date : 22 JUNE 2017
Mumbadevi playground will be used as a pay-and-park Smothering a city already stifled with lack of open spaces, the BMC is set to kill another one.
     

Shiv Sena moves proposal to scrap tax for houses upto 500 sq ft

Publication: THE INDIAN EXPRESS Date : 22 JUNE 2017
A day after Shiv Sena president Uddhav Thackeray said the proposal on property tax waiver would be passed by the civic body before the monsoon session of the Assembly,
     

High-rise for HC judges on affordable housing plot

Publication: THE INDIAN EXPRESS Date : 22 JUNE 2017
Devendra Fadnavis insisted that everything was done in accordance with the law.

OTHER CITY NEWS

     

First flight from proposed Navi Mumbai airport will take off in December 2019, says city planning body

Publication: HINDUSTAN TIMES Date : 22 JUNE 2017
The first flight from the proposed Navi Mumbai International Airport will take off in December 2019, CIDCO vice chairman and managing director
     

Navi Mumbai airport could start by 2020, says Jayant Sinha

Publication: MINT Date : 22 JUNE 2017
New Delhi: The civil aviation ministry expects the first phase of the much delayed Navi Mumbai airport to take off by 2020, reducing some of the pressure on the Mumbai airport

REALTY NEWS

     

Correction is real estate prices is unlikely: Kamal Khetan

Publication: DNA Date : 22 JUNE 2017
Kamal Khetan, chairman & managing director, Sunteck Realty, tells Ateeq Shaikh why property prices will not decrease and stagnancy in the real estate prices in itself is a dip in the rates.
     

Commercial real estate driving interest

Publication: BUSINESS STANDARD Date : 22 JUNE 2017
With pent-up demand always in excess of supply, Mumbai’s real estate market has always been a hot investment market.
 

CREDAI-MCHI,

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