3RD JULY 2017

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MCHI-CREDAI

 GST NEWS

     

With no GST breather, ready-to-move-in flats to cost more

Publication: TIMES OF INDIA Date : 03 JULY 2017 PAGE: 05
MUMBAI: The consumers will have to shell out more for the ready to move-in flats under the GST system+ as developers with large unsold inventories are planning to pass on the higher tax burden to home-buyers.

CITY NEWS

     

Development Plan 2034: Work on implementation likely to begin from Oct 1

Publication: THE INDIAN EXPRESS Date : 03 JULY 2017 PAGE: 05
Civic chief has directed each additional municipal commissioner to draw up a list of reservations on municipal land that are yet to be implemented; lists expected to be submitted next week.
     

Law dept says no to min's bid to save illegal SRA tenants

Publication: TIMES OF INDIA Date : 03 JULY 2017 PAGE: 05
Mumbai:   The state's law and judiciary department has strongly opposed housing minister Prakash Mehta's attempt to change the law to help regularise illegal occupants of SRA buildings.
     

Mumbai builders accept huge amount from buyers, refuse to hand over flats; 11 cases filed

Publication: HINDUSTAN TIMES Date : 03 JULY 2017 PAGE: 06
The two housing units of the Economic Offences Wing (EOW) of Mumbai police registered 11 cases against builders for allegedly duping flat buyers till May

REALTY NEWS

     

New housing finance firms eye affordable housing space

Publication: MINT Date : 03 JULY 2017 PAGE: 01
Bengaluru: New entrants in the mortgage lending space are focusing on providing small home loans to customers in cities and small towns, aided by government schemes and initiatives to promote affordable housing.
     

Tata Realty, StanChart PE JV buys Thane-Belapur land for Rs325 crore

Publication: MINT Date : 03 JULY 2017 PAGE: 01
Mumbai: In the biggest land deal in the year so far, a joint venture of Tata Realty and Infrastructure Ltd (TRIL) and Standard Chartered Private Equity has acquired a 47.5 acre plot at the Thane-Belapur industrial area
     

...Most Significant Step for Ease of Doing Business

Publication: ECONOMIC TIMES Date : 03 JULY 2017 PAGE: 06
Since the BJP-led government came to power in Maharashtra, several steps related to `ease of doing business' have been introduced and the introduction of GST may prove out to be the most significant of them all.
     

Buyers may Home In On Ready-to-move-in Properties

Publication: ECONOMIC TIMES Date : 03 JULY 2017 PAGE: 06
Mumbai   GROUNDED Builders & brokers expect sales to remain sluggish for some time as consumers seek clarity on tax obligation on transactions
 

CREDAI-MCHI,

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