25TH JANUARY 2018

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MCHI-CREDAI

GST NEWS

     

Realtors seek GST cut

Publication: DECCAN CHRONICLE Date : 25 JANUARY 2018
Mumbai: The real estate industry is hoping for a reduction in the GST for the affordable housing segment in the forthcoming Union Budget that would give a major boost for the government’s plan of providing housing for all by 2022.
     

GST rate on affordable homes comes down to 8%

Publication: DNA Date : 25 JANUARY 2018
Starting today, homebuyers under the Credit Linked Subsidy Scheme will also be entitled to concessional goods and services tax (GST) rate of 8% for affordable housing.
     

8% GST on houses under PMAY to be effective from tomorrow

Publication: ET REALTY Date : 25 JANUARY 2018
A lot of people are hoping for a populist budget from Arun Jaitley next week. And after its recently concluded meeting on January 18, the Goods and Services Tax (GST)
     

Realty firms want GST cut for affordable housing

Publication: THE ASIAN AGE Date : 25 JANUARY 2018
The industry has also requested the government to grant industry status to avail long-term finance at a lower cost.

AFFORDABLE HOUSING NEWS

     

ICICI Bank bets big on affordable housing; disburses loan to first time home buyers

Publication: FREE PRESS JOURNAL Date : 25 JANUARY 2018
New Delhi: Private sector bank ICICI Bank on Tuesday announced that it has crossed a milestone of disbursing over Rs. 6700 crore in the last four years to first time home-buyers in the affordable housing segment.

SRA NEWS

     

SRA floats tender for Santacruz slums rehab

Publication: TIMES OF INDIA Date : 25 JANUARY 2018
Mumbai: In a first in the history of the Slum Rehabilitation Authority (SRA), it floated a tender on Wednesday for redevelopment of slums on a plot in village Kolekalyan at Santacruz (East). The bidder will have to submit a bank guarantee of Rs 200 crore.
     

In landmark order, SRA housing brought under RTI

Publication: DNA Date : 25 JANUARY 2018
In a landmark order that will help ensure transparency in the redevelopment of slums and functioning of housing societies under Slum Rehabilitation scheme,

MANGROVES NEWS

     

Illegal shanties at mangroves near Mumbai’s Versova will be demolished soon: Officials

Publication: HINDUSTAN TIMES Date : 25 JANUARY 2018
The suburban collector has issued orders for the demolition of illegal shanties that were constructed on 10-acres of destroyed mangroves.

 CITY NEWS

     
     

Unauthorised constructions: BMC to empower DOs for action against violators

Publication: INDIAN EXPRESS Date : 25 JANUARY 2018
After the fire at a Sakinaka farsan shop and at Kamala Mills that together killed 27 people, the civic body has initiated a crackdown on illegal constructions across the city.

REALTY NEWS

     

Home rental startup ZiffyHomes raises Rs 2 crore seed funding

Publication: ET REALTY Date : 25 JANUARY 2018
NEW DELHI: Gurgaon-based ZiffyHomes has raised seed funding of Rs 2 crore from a clutch of individual investors. 

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