23RD JANUARY 2018

If you cannot read this email, please click here


MCHI-CREDAI

BUDGET NEWS

     

Reduction in long-term capital gains holding period for REITs can make it attractive: Gagan Randev, Colliers India

Publication: ET REALTY Date : 23 JANUARY 2018
REITs can increase the depth of the real estate market by offering a new asset class for investors as well as provide a credible exit route for existing investors and developers.
     

Budget 2018: Tax relief and other measures that could ease burden on homebuyers

Publication: MONEY CONTROL Date : 23 JANUARY 2018
The expectations of homebuyers from upcoming Union Budget 2018 is multi-fold. These expectations on one hand relate to providing additional money in the hands of tax payers (customers)
     

For another year or year-and-a-half, home sales will not go up significantly: Mudassir Zaidi, Knight Frank India

Publication: MINT Date : 23 JANUARY 2018
According to the recent half yearly real estate report from Knight Frank India, for the first time a real correction was observed in property prices during

RERA NEWS

     

MahaRERA allows 6 months possession delay in case of GST

Publication: DNA Date : 23 JANUARY 2018
In case the possession of a flat is delayed and the builder cites GST, demonetisation or approvals not coming in time as the reason, then a maximum delay of six months may be acceptable however beyond that timeframe,
     

Around 45pc prospective home buyers looking to buy after RERA

Publication: OUTLOOK Date : 23 JANUARY 2018
Bengaluru, Jan 21 The Real Estate Regulatory Act (RERA) has acted as a great confidence booster for prospective buyers, around 45 per cent of whom are now looking to purchase homes in the first quarter of 2018,

BMC NEWS

     

Mumbai civic body calls for joint site inspections to issue construction permits quickly

Publication: HINDUSTAN TIMES Date : 23 JANUARY 2018
In order to speed up the process of issuing construction permits and improving inter-departmental co-ordination, the Brihanmumbai Municipal Corporation (BMC)

INFRA NEWS

     

20-day traffic diversion on Vashi bridge from Feb 1

Publication: TIMES OF INDIA Date : 23 JANUARY 2018
Navi Mumbai: The traffic police have announced major vehicular diversion on the Vashi creek bridge between February 1 and February 21 because of repair work. The south-bound carriageway of the bridge will be closed
     

Mumbai: BMC Plans To Cut Across Juhu Airport For Andheri Santacruz-Link Road

Publication: MID-DAY Date : 23 JANUARY 2018
Juhu Aerodrome, Which Has Survived Several Attempts By Land Mafia To Gobble It Up, Faces New Threat, This Time From The BMC. Will It Survive?

 CITY NEWS

     

DNA EXCLUSIVE: State expedites Sassoon Docks revamp

Publication:DNA Date : 23 JANUARY 2018
The Maharashtra government has set up a four-member committee headed by the Mumbai Port Trust (MbPT) chairman and state cadre HAS officer Sanjay Bhatia for the time-bound redevelopment and modernisation

REALTY NEWS

     

IT sector slowdown dents housing market

Publication: THE HINDU Date : 23 JANUARY 2018
With fewer hirings and hikes, employees are no longer vying for a dream home; office spaces shrinking due to automation
     

Residential Market Shrugs Off Note Ban and Regulatory Blows

Publication: ECONOMIC TIMES Date : 23 JANUARY 2018
Sept quarter sales in top 30 cities at the highest in five quarters, data from Liases Foras shows
 

CREDAI-MCHI,

 Maker Bhavan II, 4th Floor, 18,
Sir Vithaldas Thakersey Marg, New Marine
Lines, Mumbai - 400 020.
T: 022 - 42121421
E: secretariat@mchi.net