31ST MARCH 2017

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MCHI-CREDAI

 MCHI NEWS

     

Breaking down the BMC budget: 1% surcharge will hit realty, say Mumbai builders

Publication: HINDUSTAN TIMES Date : 31 MARCH 2017 PAGE: 02
Mumbai: The civic budget could make owning a home in Mumbai costlier than it already is, with its proposal to charge a 1% surcharge on all property deals..

 BMC NEWS

     

'There will be constant monitoring of funds'

Publication: HINDUSTAN TIMES Date : 31 MARCH 2017 
Mumbai, March 31 -- A day after he presented a heavily trimmed municipal budget of Rs25,414 crore that slashed the country's richest civic body's total outlay by nearly a third from last year, civic chief Ajoy Mehta spoke exclusively to Hindustan Times about the financial road map for the Brihanmumbai Municipal Corporation (BMC).

 CZMP NEWS

     

New coastal mgmt plan safeguards city salt pans

Publication: TIMES OF INDIA Date : 31 MARCH 2017 
Mumbai: Koliwadas Not Marked Under New Norms. The city's eco-sensitive salt pans have once again been classified under the stringent Coastal Regulation Zone I (CRZ I), where no construction is permitted.

 RR NEWS

     

State govt to hike Ready Reckoner rates by 5 pc

Publication: MUMBAI MIRROR Date : 31 MARCH 2017
Mumbai: Experts say the move is irrational, will worsen real estate slump. The Maharashtra government will in crease Ready Reckoner rates, used for charging stamp duty on property trans actions, by an average of five per cent in Mumbai..

 INFRA NEWS

     

Mumbai Metro 3: Despite NGT’s interim ban, MMRCL tests soil at Aarey Colony

Publication: TIMES OF INDIA Date : 01 MARCH 2017 PAGE: 07
The Mumbai Metro Rail Corporation Limited (MMRCL) on Thursday carried out a soil test at unit 19 at Aarey Colony under police protection.

 CITY NEWS

     

BIG CITY, SMALLER BUDGET - Realty slump, HC ban on construction halves civic body's income from DP dept

Publication: TIMES OF INDIA Date : 31 MARCH 2017 
Mumbai: The slack in the realty market coupled with the Bombay high court ban on construction on vacant plots in the city has nearly halved the BMC's revenue income from the Development Plan (DP) department during the year 2016-17.
     

Mumbai Property Prices may Rise

Publication: ECONOMIC TIMES Date : 31 MARCH 2017
1% surcharge proposed by city corporation will make houses costlier in the most expensive property market.

 PMAY NEWS

     

Buying a home? Know if you are eligible for loan subsidy under PMAY scheme

Publication: FINANCIAL EXPRESS Date : 31 MARCH 2017
In order to drive demand for real estate, the government has extended the benefits of credit-linked subsidy scheme (CLSS) under the PMAY (Pradhan Mantri Awas Yojana) programme to the middle income group (MIG) earning up to `18 lakh a year.
 

REALTY NEWS

     

Avoid realty stocks despite sharp rise

Publication: BUSINESS STANDARD Date : 31 MARCH 2017 
Real estate stocks are seeing increasing investor interest after the Budget announcements on affordable housing. The Nifty Realty index gained the most in the past three months and one month, with returns of 30.21 per cent and 9.18 per cent, respectively.
     

High dependence on personal savings delaying home ownership for first-time buyers: survey

Publication: BUSINESS LINE Date : 31 MARCH 2017
NEW DELHI, MARCH 30: High interest rates, lack of savings, unwillingness to borrow, high property rates and insufficient loan availability are the key constraints faced by prospective home buyers, reveals a new survey.
     

PE funds face tough challenge from NBFCs in realty sector

Publication: MINT Date : 31 MARCH 2017
Bengaluru: Non-banking financial companies (NBFC) are increasing their exposure to real estate and expanding the scope of investments beyond residential projects, giving tough competition to private equity (PE) funds.
     

Centre to build 1 crore houses under PMAY-Grameen by 2019

Publication: ET REALTY Date : 31 MARCH 2017
KOLKATA: In line with Prime Minister Narendra Modi's vision of Housing For All by the year 2022, Ram Kripal Yadav, the minister of state for rural development today said that the government
     

ET Q&A - `Anti-profiteering Clause in GST is Transitory, will Act as Deterrent'

Publication: ECONOMIC TIMES Date : 31 MARCH 2017
If there's rampant profiteering in certain sectors after GST, govt may seek explanations but only from oligopolies or in cases of imperfect competition
     

Zensar Finds the Logic in Keystone Buy to Build Its Digital Comm Base

Publication: ECONOMIC TIMES Date : 31 MARCH 2017
Bengaluru: Zensar said it would buy Keystone Logic for about `132 crore as it looks to build its digital commerce capabilities. The IT firm's chairman said more acquisitions were on the horizon.
 

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