28TH NOVEMBER 2018

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MCHI-CREDAI

STAMP DUTY NEWS

     

Mumbai civic body can charge 1% more stamp duty to fund infra projects

Publication: HINDUSTAN TIMES Date : 28 NOVEMBER 2018
The state assembly on Tuesday cleared an amendment in the Mumbai Municipal Corporation Act that authorises the Brihanmumbai Municipal Corporation (BMC) to levy an additional one per cent on stamp duty as surcharge,
     

Stamp duty on city properties set to go up 1% to fund infra

Publication: TIMES OF INDIA Date : 28 NOVEMBER 2018
The state assembly on Tuesday cleared an amendment in the Mumbai Municipal Corporation Act that authorises the Brihanmumbai Municipal Corporation (BMC)
     

Mumbai: Get ready to pay 1% extra on stamp duty surcharge

Publication: DNA Date : 28 NOVEMBER 2018
Soon, transactions on properties in Mumbai will become costlier. The state has decided to charge an additional 1 per cent stamp duty surcharge on value of a property.
     

Mumbai: Buying property in Mumbai set to get costlier

Publication: THE INDIAN EXPRESS Date : 28 NOVEMBER 2018
Amid disruption and chaos in the Legislative Assembly over the Maratha reservation issue, the government on Tuesday secured the passage of a Bill that allows it to levy the additional stamp duty

PARKING SLOT NEWS

     

Govt plans to slash visitors’ parking slots in hsg socs to 5%

Publication: TIMES OF INDIA Date : 28 NOVEMBER 2018
Mumbai: The state government has proposed to reduce parking slots for visitors in housing societies from the mandatory 25% to just 5% of the total space allotted
     

Should there be less parking for hsg soc visitors?

Publication: MUMBAI MIRROR Date : 28 NOVEMBER 2018
Urban Development Department plans to reduce parking spaces kept for visitors from 25% to 5%

PMAY NEWS

     

Pune civic body eyes grazing land to build PMAY houses

Publication: ET REALTY Date : 28 NOVEMBER 2018
PUNE: The civic body is contemplating to use nearly 35 hectares of unused grazing land for real estate development in the city limits under the Pradhan Mantri Aawas Yojana.

CITY NEWS

     

Mumbai still has 525 unsafe, dilapidated buildings

Publication: HINDUSTAN TIMES Date : 28 NOVEMBER 2018
Mumbai currently has 525 unsafe, dilapidated buildings, while Thane has 72, chief minister Devendra Fadnavis told the state Assembly in a written reply on Tuesday.
     

CM Devendra Fadnavis: 700 old, dilapidated buildings in Mumbai

Publication: DNA Date : 28 NOVEMBER 2018
Indicating the need for better urban reconstruction and renewal, Chief Minister Devendra Fadnavis admitted that there were around 700 old and dilapidated buildings in Mumbai.

REALTY NEWS

     

Lodha puts London properties up for sale to bring down debt

Publication: ET REALTY Date : 28 NOVEMBER 2018
The Mumbai-based realty company is close to completing the formalities to sell its two residential projects in London — Lincoln Square on Carey Street and 1 Grosvenor Square in Mayfair — to an international fund.
     

Cracking the whip! Show-cause notices to 12 UP builders

Publication: FINANCIAL EXPRESS Date : 28 NOVEMBER 2018
Forensic auditor probed 96 developers in Noida and Greater Noida and found 25 projects had ‘serious issues’ and were difficult to resolve

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