INFRA NEWS

Marol gaothan residents refuse NOC to Metro III inspectors

Publication: TIMES OF INDIA Date : 31 JANUARY 2017 PAGE: 05

MUMBAI: Marol gaothan residents, who are likely to be affected by the Metro III construction, have refused to give a noobjection certificate for inspection of their residences. .

Metro 3: HC dismisses plea over razing of 50K trees in Aarey Colony

Publication: HINDUSTAN TIMES Date : 31 JANUARY 2017 PAGE: 02

MUMBAI: The Bombay high court on Monday dismissed a petition raising concerns over the razing of 33 hectares of Aarey Colony’s green cover — situated in a no development zone (NDZ) — to construct a Metro car shed.

REALTY NEWS

Armed with Revamped Benami Law, Tax Sleuths Launch Black Money Crackdown

Publication: ECONOMIC TIMES Date : 31 JANUARY 2017 PAGE: 8

I-T dept has attached 42 properties worth crores of rupees and issued 87 notices over the past couple of days

Buying property in mum's name won't help

Publication: DNA Date : 31 JANUARY 2017 PAGE: 01

New Delhi: Buying property in your mother's name could now fetch you seven years in jail. According to the Benami Transactions (Prohibition) Amendment Act 2016, which came into force on November 1 last year, 

You may get exemption for capital gains tax by reinvesting the sale proceeds of a house

Publication: MINT Date : 31 JANUARY 2017 PAGE: 17

MUMBAI: As the house property has been held by you for more than 36 months from date of acquisition (i.e., April 2012)

Will HDFC hold up its home loan growth rates?

Publication: MINT Date : 31 JANUARY 2017 PAGE: 17

MUMBAI: That there are no nasty surprises from the December quarter numbers of Housing Development Finance Corp. Ltd (HDFC) should please investors and justify the 13% run-up in its shares over the past three weeks