24TH TO 27TH FEBUARY 2017

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MCHI-CREDAI

24TH FEBRUARY 2017

 DEMONETISATION NEWS

     

Developers eye affordable realty to ease note ban pain

Publication: THE ASIAN AGE Date : 24 FEBRUARY 2017 PAGE: 13
Mumbai: Affordable housing has got a boost as the high-end luxury and upper-middle income housing real estate markets are down and have been down for the last two to three years with the recent demonetisation being a mixed bag.

 REALTY NEWS

     

Piramal, CDPQ arm form strategic partnership for residential projects

Publication: THE FINANCIAL EXPRESS Date : 24 FEBRUARY 2017
Piramal Enterprises (PEL) has formed a strategic partnership with Ivanhoé Cambridge, a real estate subsidiary of CDPQ (Caisse de dépôt et placement du Québec), for investments into residential sector in India.
     

Your money: Investing in a house turns less attractive

Publication: BUSINESS STANDARD Date : 24 FEBRUARY 2017
Property investors never had it this bad. Prices have been stagnant for the past couple of years due to the ongoing slowdown.

25TH FEBRUARY 2017

RERA NEWS

     

A RERA of HOPE

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2017 PAGE: 06
With RERA set to become a reality soon, developers are leaving no stone unturned to ensure they comply with the demands of the Act. We have the details...

 INFRA NEWS

     

HC stay on plan to axe trees in SoBo for Metro III to continue

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2017 PAGE: 06
The Bombay high court on Friday continued its interim stay on the cutting of trees for the Metro III project.A division bench of Chief Justice Manjula Chellur and Justice Girish Kulkarni also allowed the petitioners,
     

Metro to connect Mira-Bhayander with Mumbai

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2017 PAGE: 06
Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA) has decided to connect the fast-growing Mira-Bhayander Municipal Corporation (MBMC) with an elevated Metro,
     

Metros to be extended to Bhayander

Publication: DNA Date : 25 FEBRUARY 2017 PAGE: 04
As per the preliminary plans prepared by MMRDA and DMRC, the extension will be around nine kilometre long, with one station per kilometre
     

High-speed roads to link new int'l airport with city, Pune

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2017 PAGE: 06
Navi Mumbai:To provide flyers with seamless travel, Cidco, the nodal authority for the Navi Mumbai international airport project, plans high-speed road corridors to connect the airport with Mumbai, Pune and Thane.

 CITY NEWS

     

Nod for Palais Royale refuge areas on hold

Publication: TIMES OF INDIA Date : 25 FEBRUARY 2017 PAGE: 06
The Bombay High Court, in an interim order on Friday , stayed municipal commissioner Ajoy Mehta's order and restrained the BMC from sanctioning fire refuge areas on the decks of Palais Royale, India's tallest residential building, at Worli Naka.
 

REALTY NEWS

     

EPFO to launch housing scheme for over 4 cr members in March

Publication: FINANCIAL EXPRESS Date : 25 FEBRUARY 2017 PAGE:15
Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes, said PTI report today.

26TH FEBRUARY 2017

 INFRA NEWS

     

Metro projects back on track

Publication: MUMBAI MIRROR Date : 26 FEBRUARY 2017 PAGE: 02
The two metro projects, that were set to finish by 2019, are back on track after the state government decided, after much indecision, to raise a loan on behalf of the Mumbai Metropolitan Regional Development Authority (MMRDA) for the project.

27TH FEBRUARY 2017

 INFRA NEWS

     

Wadala-Thane metro line clears CRZ hurdle

Publication: MUMBAI MIRROR Date : 27 FEBRUARY 2017 PAGE: 10
The state coastal zone authority has granted the clear ance for the elevated metro line between Wadala and Thane, forwarding the file to the central and state environment agencies for final approval.

 CITY NEWS

     

Juhu wins battle for open spaces, gets another park

Publication: TIMES OF INDIA Date : 27 FEBRUARY 2017 PAGE: 04
On a lazy Sunday afternoon, as the sun slowly moved down towards the horizon, tabla maestro Zakir Husain played to inaugurate the Kishore Kumar Baug and the Vijay Tendulkar Rangmanch at Juhu.

REALTY NEWS

     

Income Tax and Budget 2017: Here’s all you need to know about tax maths for let-out property

Publication: THE FINANCIAL EXPRESS Date : 27 FEBRUARY 2017 PAGE: 09
Under the existing provisions, the loss arising (due to interest deduction) from income from house property was allowed to be set off fully against income from any other source.
     

Benami Property: I-T books 230 cases, attaches Rs 55 cr assets

Publication: THE FINANCIAL EXPRESS Date : 27 FEBRUARY 2017 PAGE: 09
The Income Tax Department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post-demonetisation action under the newly-enforced Benami Transactions Act.
     

Developers shy away from affordable housing

Publication: FINANCIAL CHRONICLE Date : 27 FEBRUARY 2017 PAGE: 06
These could be first signs of trouble at the government’s ambitious affordable housing project, an essential component of the Housing for All 2022 plan. Urban development minister M Venkaiah Naidu has expressed disappointment at the lack of private developers’ interest in low-cost housing projects.
     

Home launches nosedive by 40% in Q4

Publication: FINANCIAL CHRONICLE Date : 27 FEBRUARY 2017 PAGE: 06
Housing demand crashed across top eight cities in the fourth quarter of 2016, the post demonetisation phase. Housing demand (absorption) across key cities declined by 31 per cent largely on uncertainty, post the note-ban,
 

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