5TH APRIL 2017

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MCHI-CREDAI

CREDAI NEWS

     

Will create 250 affordable housing projects across India in 5 years: CREDAI

Publication: HINDUSTAN TIMES Date : 05 APRIL 2017
The Confederation of Real Estate Developers of India (CREDAI) has announced an ambitious scheme of creating 250 affordable housing projects across India.
     

CREDAI members to launch 250 affordable housing projects

Publication: ET REALTY Date : 05 APRIL 2017
MUMBAI: Members of builders’ body the Confederation of Real Estate Developers’ Association of India, or CREDAI, are planning to launch 250 affordable housing projects across the country.
     

Credai announces launch of 250 affordable housing projects across India

Publication: ET REALTY Date : 05 APRIL 2017
MUMBAI: The Confederation of Real Estate Developers' Association of India (Credai) on Tuesday announced the launch of 250 affordable housing projects across India.

 PMAY NEWS

     

You can still get benefit under PMAY even if your parents own a home

Publication: ET REALTY Date : 05 APRIL 2017
If you are looking to own a home of your own, under the Pradhan Mantri Awas Yojana (PMAY) scheme, there are only nine months left for you to arrange the amount for down payment, decide the location, builder and the home loan lender.

 SEZ NEWS

     

Each SEZ unit requires a separate GST registration

Publication: ET REALTY Date : 05 APRIL 2017
MUMBAI: The GST draft rules require each unit in a special economic zone (SEZ) to seek a separate registration under the new tax regime, for each of the states where a business operation is carried on and where GST liability arises.

 INFRA NEWS

     

Mumbai: You can soon travel from Bandra Fort to Worli sea link on a bicycle

Publication: HINDUSTAN TIMES Date : 05 APRIL 2017
In an effort to make Bandra Fort and its surrounding areas an attractive tourist destination, the Brihanmumbai Municipal Corporation (BMC) is planning to beautify and develop the fort precinct.

 CITY NEWS

     

Mumbai's Kumar Builders to repay Rs 68 lakh to flat buyers

Publication: ET REALTY Date : 05 APRIL 2017
Mumbai: MUMBAI: Lalit Jain, a former director of Kumar Builders, appeared before the Bombay High Court on Tuesday as summoned and undertook to repay Rs 68 lakh to two flat buyers.
     

Extra FSI for builder but no rehab for airport slumdwellers: Report

Publication: ET REALTY Date : 05 APRIL 2017
MUMBAI: Tweaking rules enabled Mumbai International Airport Limited (MIAL) to construct 28,000 tenements without incurring any cost, said the Public Accounts Committee in its 2015-16 report. It could have cost MIAL Rs 1,120 crore.

REALTY NEWS

     

Rent receipts under Income Tax lens

Publication: ET REALTY Date : 05 APRIL 2017
MUMBAI: For as long as anyone can remember, producing fake property rent receipt, often from parents and relatives, has been an easy way to lower tax burden. Such cavalier disregard for tax rule was overlooked by most employers as well as taxman, who possibly felt it was a minor transgression. Perhaps, not anymore.
     

Delhi's AJS Builders awarded jail term for failing to refund buyer's money

Publication: ET REALTY Date : 05 APRIL 2017
NEW DELHI: The managing director of a real estate firm has been awarded one-and-a half-year imprisonment by a district consumer forum for failing to comply with its four-year-old direction to pay over Rs 10 lakh to a buyer.
     

Bank credit to builders more than halves in last 2 years: Report

Publication: ET REALTY Date : 05 APRIL 2017
NEW DELHI: Lending to real estate developers by banks has more than halved in the last two years from 55% in 2014 to less than 24% in 2016, according to a report by Knight Frank India.
     

Next set of smart cities to be announced by June end

Publication: ET REALTY Date : 05 APRIL 2017
NEW DELHI: The Urban Development Ministry will announce by June-end the next set of 40 cities for central funding under the Narendra Modi government's flagship scheme--Smart City Mission.
 

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