25TH APRIL 2017

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MCHI-CREDAI

RERA NEWS

     

Under RERA, local bodies liable for sanction delays

Publication: TIMES OF INDIA Date : 25 APRIL 2017
The RERA regulator will have powers to question local authorities in case of any delay in sanctions for building permissions.

HC NEWS

     

MoEF must take a stand on tree loss for Metro: HC

Publication: TIMES OF INDIA Date : 25 APRIL 2017
Mumbai: The Bombay high court on Monday frowned on the Ministry of Environment and Forest for its “silence“ on the controversy over the Metro III project.

MAKE IN INDIA NEWS

     

Of Rs 8L crore Make In India biz pacts, 25% of funds invested in state: CM

Publication: TIMES OF INDIA Date : 25 APRIL 2017
Mumbai:   Chief minister Devendra Fadnavis told the NITI Aayog conclave, presided over by Prime Minister Narendra Modi on Sunday , that the `Make in India' organized in the state capital in February last year
     

NEW TENDER CONDITIONS AND STANDARDISED NORMS APPROVED - Govt in Make in India Push for Metro Rail

Publication: ECONOMIC TIMES Date : 25 APRIL 2017
Urban development ministry makes it mandatory to ensure 75% of cars, 25% of critical equipment are made locally

INFRA NEWS

     

Aviation ministry nod for Metro car depot in Dahisar

Publication: TIMES OF INDIA Date : 25 APRIL 2017
The civil aviation ministry has given its NOC to allot a 40-acre plot in Dahisar to Mumbai Metropolitan Region Development Authority (MMRDA) to build a car depot for the proposed Metro-7 corridor (Andheri east to Dahisar east). An agreement will be done on Tuesday.
     

ET ANALYSIS - Govt's Housing, Infra Push to Boost UltraTech No.s

Publication: ECONOMIC TIMES Date : 25 APRIL 2017
INVESTING RATIONALE A pan-India presence and relatively lighter balance sheet may find favour with investors

CITY NEWS

     

No denying flats to meat eaters: Leaders

Publication: THE ASIAN AGE Date : 25 APRIL 2017
Mumbai: Scores of corporators have asked the Brihanmumbai Municipal Corporation (BMC) to take action against builders who deny flats to people because of their eating habits (non-vegetarians who eat fish, mutton, chicken).

GST NEWS

     

Impact of GST on homebuyers

Publication: HINDUSTAN TIMES Date : 25 APRIL 2017
GST may reduce the cost of houses if it is at a rate below the current applicable taxes that are levied by the central and state governments
     

REALTY NEWS

     

Brokerages Give Thumbs Up to HDFC Bank Stock

Publication: ECONOMIC TIMES Date : 25 APRIL 2017
Mumbai:   ANALYSTS RAISE target price by 6-25% on strong earnings and good growth prospects; stock hits a new high on Mon
     

Indiabulls Housing Fin Expects Big Gains from Affordable Homes Push

Publication: ECONOMIC TIMES Date : 25 APRIL 2017
Mumbai:Mortgage lender Indiabulls Housing Finance reported a 24% increase in net profit for the March quarter on robust growth in individual home loans, and forecast better days as Prime Minister's affordable housing push with interest rate subvention has made cost of borrowing insignificant.
     

From a tax perspective, you are a co-owner of a house only if you have paid for it

Publication: HINDUSTAN TIMES Date : 25 APRIL 2017
The owner of a property is the person who has purchased the property by contributing to its cost
     

You can now withdraw 90% EPF to buy home, pay EMI from account

Publication: BUSINESS STANDARD Date : 25 APRIL 2017
Over four crore subscribers of the retirement fund body EPFO can now make down payment and pay EMIs from their EPF accounts to buy homes.
 

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