23RD JULY 2019

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MCHI-CREDAI

MCHI NEWS

     

Worth Rs 1 Lac Cr Infra Initiatives To Boost Raigad MMR’s Development

Publication: ACCOMMODATION TIMES Date : 23 JULY 2019
NAVI MUMBAI: A Real Estate Business Summit Raigad MMR was recently organized by CREDAI MCHI Raigad which was attended by architects, developers, town planner and among others.
     

Maharashtra govt to construct affordable houses on MIDC land

Publication: DNA Date : 23 JULY 2019
Chief Minister Devendra Fadnavis recently called for a review meeting of the Prime Minister Awas Yojana (PMAY) projects where unused residential plots carved out of industrial areas were deliberated upon.

GST NEWS

     

हर महीने मेंटेनेंस काॅस्‍ट 7500 रुपये से अधिक है, तो फ्लैट मालिकों को देना होगा 18% GST

Publication: FINANCIAL EXPRESS Date : 23 JULY 2019
18% GST on Flat owners: अगर अब कोई भी फ्लैट मालिक एक महीने में रेजिडेंट वेलफेयर एसोसिएशन (RWA) को 7,500 रुपये से ज्यादा की मेंटेनेंस कॉस्ट का भुगतान करता है तो उसे सरकार को 18 फीसदी की दर से गुड्स एंड सर्विसेज टैक्स (GST)
     

18% GST on flat owners on monthly RWA fee of over Rs 7,500: Govt

Publication: BUSINESS STANDARD Date : 23 JULY 2019
Flat owners will pay 18 per cent GST if their monthly maintenance fees to resident welfare associations (RWA) is more than Rs 7,500, said the Finance Ministry on Monday.

CITY NEWS

     

Maharashtra govt scraps old policy for land allotment for charitable purposes

Publication: THE INDIAN EXPRESS Date : 23 JULY 2019
The CAG had also pointed out that a majority of these allotments were made in an arbitrary fashion. “There was a lot of discretion involved. There were no fixed guidelines," a senior official said.

OTHER CITY NEWS

     

Navi Mumbai Airport Project: CIDCO to ease out problems of PAPs

Publication: DNA Date : 23 JULY 2019
The state government has roped in the City and Industrial Development Corporation (CIDCO) in order to bring about coordination among various agencies and expedite

REATY NEWS

     

NHB asks housing finance firms to stop funding ‘subvention schemes’

Publication: THE INDIAN EXPRESS Date : 23 JULY 2019
In a circular dated July 19, NHB asked the housing finance companies (HFCs) to stop funding such ‘subvention schemes’, including in cases where the loans have been sanctioned but disbursements are yet to commence.
     

Loan payout only if project progresses

Publication: DNA Date : 23 JULY 2019
A directive from the National Housing Bank has caused a flutter in realty circles, as it seeks to restrain financing companies from handing out loans that are serviced by the developer on behalf of the homebuyer till project completion

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