31ST MAY 2019

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MCHI-CREDAI

GST NEWS

     

Companies pitch for GST rate cut as Modi govt takes charge second time

Publication: BUSINESS STANDARD Date : 31 MAY 2019
Companies across sectors such as durables, automobiles and real estate have been lobbying hard for a goods and services tax (GST) cut as the Narendra Modi-led National Democratic Alliance prepares for a second term in office.

INFRA NEWS

     

Mumbai’s Metro-3 runs behind schedule

Publication: HINDUSTAN TIMES Date : 31 MAY 2019
The HC in October restrained the tree authority from taking any decisions on cutting trees until it has independent experts as nominated members in the authority.

RENTAL HOUSING NEWS

     

Developers may get 10-year tax break on profits earned from rental housing

Publication: BUSINESS LINE Date : 31 MAY 2019
Finance Ministry has asked builders to submit a note on the rental housing business model

REALTY NEWS

     

Prime Office Realty Rentals on the Rise

Publication: economic times Date : 31 MAY 2019
Mumbai: Demand for commercial real estate, led by sustained occupiers’ interest to expand businesses in India, is pushing prime office rentals in main cities such as Mumbai, New Delhi and Bengaluru upwards.
     

Jaypee Infra Creditors to Put NBCC’s Revised Bid to Vote

Publication: ECONOMIC TIMES Date : 31 MAY 2019
Mumbai: The financial creditors of Jaypee Infratech have decided to put to vote staterun NBCC India’s revised bid to acquire the debt-laden realty developer to vote from Friday, according to two people aware of the development.
     

Developers shift focus from housing, commercial realty to warehousing

Publication: HINDUSTAN TIMES Date : 31 MAY 2019
Retail and real-estate are finding more meeting ground as developers venture into warehousing and industrial logistics.
     

Industry chambers pitch for corporate, income tax rate cut

Publication: DNA Date : 31 MAY 2019
As the finance ministry starts preparations for the presentation of the Union Budget 2019-20 by the new government, industry chambers have pitched for a reduction in corporate tax and income tax to boost investment and consumption

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