23RD TO 26TH FEBRUARY 2019

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MCHI-CREDAI

23RD FEBRUARY 2019 NEWS

MCHI NEWS

     

“WE NEED AN ECOSYSTEM WHERE REAL ESTATE TRANSACTIONS TAKE PLACE ACROSS THE TABLE”

Publication: TIMES PROPERTY Date : 23 FEBRUARY 2019
Minister of State (independent charge) for Housing and Urban Affairs, HARDEEP SINGH PURI drops a few truth bombs
     

Solution for delayed OCs

Publication: DNA Date : 23 FEBRUARY 2019
Speaking at CREDAI’s Event ‘YouthCon-19’ held In New Delhi on February 13-14, 2019,
     

MPL-6 concluded on a high note with teams battling it out for the coveted trophy while also supporting a noble cause

Publication: TIMES PROPERTY Date : 23 FEBRUARY 2019
A much awaited cricket tournament of the real estate fraternity, the MCHI Premiere League (MPL), in its sixth edition,
     

A focused platform facilitates home seekers

Publication: DNA Date : 23 FEBRUARY 2019
The CREDAI MCHI Thane Property Expo 2019 saw residential bookings worth Rs 150 crore and loan approvals of Rs 200 crore take place over four days

CITY NEWS

     

‘Rail-on-rail’ flyovers to decongest junctions

Publication: TIMES OF INDIA Date : 23 FEBRUARY 2019
New Delhi: The railways ministry officials said there is a three-pronged strategy to augment the capacity of railways and increase its network.
     

33 realtors buy fire fighting vehicles for Thane townships

Publication: DNA Date : 23 FEBRUARY 2019
Over 33 real estate developers with upcoming projects that measure upto 10 lakh sq foot and above will provide 33 fire bowser-cum-hydrant vehicles to the TMC this year.
     

State tries to buy rly land in Dharavi before polls

Publication: TIMES OF INDIA Date : 23 FEBRUARY 2019
Mumbai: Days before the election code of conduct comes into effect, the state government is making an attempt to expedite a land deal with the railway ministry for almost 97 acres of railway land at Mahim-Matunga for the Dharavi redevelopment project.

24TH FEBRUARY 2019 NEWS

CITY NEWS

     

Third party funding may help consumers in real estate cases or class action suits

Publication: TIMES OF INDIA Date : 24 FEBRUARY 2019
Mumbai: ‘Legal Fee Blues,’ a song by a band led by Peter Green, former Fleetwood Mac guitarist, is not so wellknown, but the feeling is. Certainly for those caught in litigation or high-value dispute resolution.
     

Mumbai: 884 buildings fail to follow waste management rules!

Publication: DNA Date : 24 FEBRUARY 2019
It is almost three years, the Brihanmumbai Municipal Corporation (BMC) has been strongly pushing waste segregation and processing at source.

25TH FEBRUARY 2019 NEWS

GST NEWS

     

GST slashed from 12% to 5% on houses under construction

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2019
New Delhi: The Goods and Services Tax Council on Sunday decided to slash the levy on under-construction houses to 5% with a special rate of 1% introduced for affordable homes,
     

GST move will make housing affordable: FM

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2019
New Delhi: The slashing of GST rates on under construction flats and affordable housing has come as a relief to home buyers, said finance minister Arun Jaitley on Sunday.
     

‘GST cut will benefit only home buyers, not builders’

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2019
Mumbai: While industry has reacted with caution to the GST rate cut on under-construction projects, real estate experts said the biggest beneficiary will be stakeholders in the affordable homes segment because any property priced at Rs 45 lakh or below will now attract just 1% GST instead of 8% earlier.
     

GST rate cut to give boost to housing sector

Publication: THE ASIAN AGE Date : 25 FEBRUARY 2019
GST council said any residential apartment costing up to Rs 45 lakh in cities would be now categorised as affordable housing.
     

GST rates on real estate slashed to boost key sector

Publication: HINDUSTAN TIMES Date : 25 FEBRUARY 2019
The Goods and Services Tax Council decided on Sunday to cut the tax on under-construction houses to 1% for properties valued up to ₹45 lakh and to 5% for those in the premium segment in order to boost the troubled real estate sector and provide relief to aspiring homebuyers.

CITY NEWS

     

Builders may seek further extension if 50% home buyers agree: MahaRERA

Publication: THE INDIAN EXPRESS Date : 25 FEBRUARY 2019
“Many projects have stopped since 2017, but some are genuine. The MahaRERA has decided to give developers a second chance to complete delayed projects after the usual extension of a year,
     

10,000 sign petition against Coastal Road

Publication: THE ASIAN AGE Date : 25 FEBRUARY 2019
Mumbai: The number of people opposing the Coastal Road project in Mumbai is rising by the day. Around 10,000 citizens have, till now, signed the petition opposing the design of the Coastal Road and most of them are from South Mumbai.

26TH FEBRUARY 2019 NEWS

GST NEWS

     

Lower GST in housing: how, why

Publication: THE INDIAN EXPRESS Date : 26 FEBRUARY 2019
GST Council has revised rates. How concerns of the states were taken into account, what follows next.
     

How the GST rate reduction will impact property prices

Publication: MINT Date : 26 FEBRUARY 2019
Since developers will not be able to claim input tax credit, will cost of property come down?
     

Goods and services tax rate cut a conundrum for realty developers

Publication: MINT Date : 26 FEBRUARY 2019
The impact of lower GST in the absence of input tax credit, therefore, will vary based on the region and the project
     

DNA Edit: Booster dose – GST cut and change in affordable housing will help

Publication: DNA Date : 26 FEBRUARY 2019
The beleaguered real estate sector got a shot in the arm on Sunday. The slash in GST rates to 5 per cent without input tax credit (ITC) from the previous 12 per cent with ITC for premium homes,
     

GST rate cut fails to prop up real estate stocks

Publication: DNA Date : 26 FEBRUARY 2019
On a day when the BSE Sensex erased all year-to-date losses, a big Goods and Services Tax cut failed to enthuse the real estate stocks.

CITY NEWS

     

Mumbai: BMC may offer over 600 VLT plots on ‘lease or leave’ policy

Publication: THE INDIAN EXPRESS Date : 26 FEBRUARY 2019
The proposal, likely to be tabled before an improvement committee meeting on Wednesday, says occupants will have to leave in case they were unwilling to take the plots on lease.
     

Maharashtra: Proposed industrial policy to attract Rs 10 lakh crore investment

Publication: DNA Date : 26 FEBRUARY 2019
With an aim to make the state an economy worth $1 trillion by 2025, the Maharashtra government is looking to retain the state's favoured investment destination by releasing a new industrial policy.

REALTY NEWS

     

MFIs loan book clips past 43 per cent to Rs 1.66 tln in Q3

Publication: THE ASIAN AGE Date : 26 FEBRUARY 2019
Mumbai: Aggregate loan portfolio of the microfinance industry grew at a healthy 43.1 percent to Rs 1,66,284 crore as of December 2018, according to a report.
     

Opinion | Realty cash crunch is a risk for struggling NBFC sector

Publication: MINT Date : 26 FEBRUARY 2019
Developers have to repay about ₹1.29 trillion a year on outstanding debt

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