26TH TO 29TH JANUARY 2018

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MCHI-CREDAI

26TH JANUARY 2018 NEWS

GST NEWS

     

Small home buyers welcome decision to reduce GST on homes by 4 percent

Publication: DNA Date : 26 JANUARY 2018
Good news for home buyers in the affordable sector, up to 60 sq m homes (2BHK) as the GST on these homes has been reduced by 4 per cent. Developers and housing experts claim that this will increase the sale,
     

GST relief for low-cost flats, 1st-time purchasers

Publication: TIMES OF INDIA Date : 26 JANUARY 2018
New Delhi: The GST rate has been reduced to 8% from the existing 12% on purchase of houses availing of the credit linked subsidy scheme (CLSS) under the Pradhan Mantri Awas Yojna,
     

DNA EXCLUSIVE: Maha Govt releases model RFP for construction of 19.40 lakh homes under PMAY

Publication: DNA Date : 26 JANUARY 2018
Maharashtra government, in a bid to put on fast track the construction of 19.40 lakh homes under the Prime Minister's Awas Yojana (PMAY)

INFRA NEWS

     

₹140-cr sweetener for people displaced by Navi Mum airport

Publication: TIMES OF INDIA Date : 26 JANUARY 2018
Navi Mumbai: The state government has sped up work on the ticklish issue of shifting 3,500 families from the core area of the 1,160-hectare proposed Navi Mumbai International Airport (NMIA).

CITY NEWS

     

Mira-Bhayander cluster development in limbo

Publication: THE ASIANA AGE Date : 26 JANUARY 2018
Mumbai: Uncertainty looms over the implementation of a cluster redevelopment mechanism in Mira-Bhayander as its civic body is yet to prepare the mandated Impact Assessment Study (IAR) report to evaluate whether the twin city had the capacity to take on the additional burden.

REALTY NEWS

     

Real estate transaction cost needs to be brought down: Abhishek Lodha

Publication: BUSINESS STANDARD Date : 26 JANUARY 2018
The managing director of Mumbai-based Lodha Developers says it is a misnomer that real estate market is depressed; only the buyers are now shifting more towards quality homes

28TH JANUARY 2018 NEWS

REALTY NEWS

     

₹950cr benami assets attached since Nov 2016

Publication: TIMES OF INDIA Date : 28 JANUARY 2018
Mumbai: The I-T investigation directorate has probed 187 benami transactions, including those pertaining to illegal conversion of demonetised currency notes, in Mumbai and attached properties worth Rs 950 crore—
     

Nobody shows up for public hearing on coastal mgt plan

Publication: TIMES OF INDIA Date : 28 JANUARY 2018
Mumbai: Not a single person or organisation turned up for the public hearing for the city’s draft Coastal Zone Management Plan (CZMP).

29TH JANUARY 2018 NEWS

BUDGET NEWS

     

Budget 2018: Govt may finally give industry status to real estate sector

Publication: BUSINESS STANDARD Date : 29 JANUARY 2018
On the argument that real estate development is the best driver for mass job creation in a short span of time, the government might finally give industry status to the sector in its Budget for 2018-19.
     

FM Arun Jaitley should focus on rural economy, affordable housing in Budget 2018: Arundhati Bhattacharya

Publication: ZEE BUSINESS Date : 29 JANUARY 2018
Credit growth will take at least two-three quarters to see a revival, while borrowing cost is not going to come down any time soon,

CITY NEWS

     

Residents of buildings without occupancy certificates to pay double for water: BMC

Publication: THE INDIAN EXPRESS Date : 29 JANUARY 2018
BMC Law Committee rejects Anand Nagar BJP corporator’s proposal challenging the move
     

Properties on land allotted on occupancy rights basis: Societies raise red flag over restrictions

Publication: THE INDIAN EXPRESS Date : 29 JANUARY 2018
Hundreds of housing societies allotted land on occupancy rights basis in Mumbai came together Sunday, protesting against the restrictions imposed on transfer

REALTY NEWS

     

Shares of RIL, HDFC, Maruti Suzuki, Idea, Tech Mahindra, IDFC, RCom, PVR, UPL, LIC Housing in focus today

Publication: THE FINANCIAL EXPRESS Date : 29 JANUARY 2018 2018
Indian stock markets are likely to open higher on Monday following the optimism over better-than-expected third-quarter corporate earnings and US markets finishing

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