07TH & 8TH JANUARY 2018

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MCHI-CREDAI

07H JANUARY 2018 NEWS

REDEVELOPMENT NEWS

     

Mumbai’s oldest red-light area may be redeveloped soon

Publication: DNA Date : 07 JANUARY 2018
Mumbai's oldest red light area Kamathipura and the adjoining lanes including, Kumbharwadi, may be redeveloped on the lines of BDD chawls to make way for sky scrappers.
     

Maharashtra government pushes for revamp of Mumbai’s Kamathipura area

Publication: HINDUSTAN TIMES Date : 07 JANUARY 2018
Appoint a builder for redevelopment work, else the project will be handed over to MHADA

CITY NEWS

     

Draft Amendment Touted To Be Pro-Developers And Negative Move For Slum Dwellers

Publication: MID-DAY Date : 07 JANUARY 2018
Draft Amendment To Reduce Slum Redevelopment Consent To 50 Per Cent; Experts Call Move Pro-Developer, Anti-Development
     

Kamala Mills fire: Fire brigade tells BMC to verify licenses of building that housed restaurants

Publication: HINDUSTAN TIMES Date : 07 JANUARY 2018
After an investigation to the Kamala Mills fire found serious violation safety norms, such as blocked entrances, encroached fire exits and large stocks

OTHER CITY NEWS

     

Stalled Navi Mumbai SEZ project to now be an industrial city

Publication: HINDUSTAN TIMES Date : 07 JANUARY 2018
The stalled Navi Mumbai Special Economic Zone (SEZ) project, to be spread across 5,300 acres, will now be promoted as an industrial city.

REALTY NEWS

     

States spar over investment pie

Publication: DNA Date : 07 JANUARY 2018
In the beginning was Vibrant Gujarat. And then everyone else followed. States across the country are scrambling to woo investors with glitzy ‘summits’ that look to outdo each other in deals signed even as national gross domestic product (GDP)

08TH JANUARY 2018 NEWS

RERA NEWS

     

Only registered projects to come under MahaRERA

Publication: ASIAN AGE Date : 08 JANUARY 2018
A full bench consisting of MahaRERA chairman Gautam Chatterjee and members Dr Vijay Satbir Singh and B.D. Kapadnis was hearing complaints.
     

Realty lobby wants 90 days after RERA portal goes live

Publication: THE TIMES OF INDIA Date : 08 JANUARY 2018
PANAJI: Seeking further clarity on the implementation of the rules framed by the state under the Real Estate Regulation Act (RERA),
     

Activists Slam RERA For Passing Judgement In Favour Of Pune Builder

Publication: MID-DAY Date : 08 JANUARY 2018
After Its Most Recent Order In Favour Of A Pune Developer, Real Estate Lawyers And Activists Say The Body Must Send Out A Strong Message To Builders
     

25,000 flats will be delivered by March, says UP-RERA chief in Ghaziabad

Publication: HINDUSTAN TIMES Date : 08 JANUARY 2018
Singhal, the principal secretary of housing and urban planning and the interim chairman of Real Estate Regulatory Authority (RERA), visited the Ghaziabad Development Authority (GDA)
     

Is it a good time to invest in real estate?

Publication: THE INDIAN EXPRESS Date : 08 JANUARY 2018
The worst phase may be over for the realty sector, which was disrupted by the triple ripple of demonetisation, implementation of Real Estate Regulation Act (RERA) and Goods and Services Tax in 2017

AFFORDABLE HOME NEWS

     

It is a myth that green buildings cost more; sustainable is affordable

Publication: MINT Date : 08 JANUARY 2018
Mint Money spoke with Sanjay Seth of Griha Council about green buildings, making houses resource efficient, Griha’s role, and more

INFRA NEWS

     

MMRDA plans new Metro corridor to connect T2 with Bhayandar

Publication: DNA Date : 08 JANUARY 2018
Chhatrapati Shivaji International Airport's (CSIA) Terminal 2 (T2) is set to get a second Metro corridor which will connect T2 with the western suburbs.

CITY NEWS

     

Homebuyers, rejoice: Pay 10% less stamp duty now

Publication: DNA Date : 08 JANUARY 2018
Stamp duty paid during the registration of a property will come down by at least 10 per cent.

REALTY NEWS

     

Residential realty struggles as private equity firms focus on commercial

Publication: BUSINESS STANDARD Date : 08 JANUARY 2018
Private equity (PE) firms seem to be shifting their focus from residential to commercial real estate after a slew of reforms, such as the Real Estate (Regulation and Development) Act, or Rera,
     

Home Truths: How to pick your property broker

Publication: BUSINESS LINE Date : 08 JANUARY 2018
Buying or selling a property often involves taking the service of a real estate broker. These intermediaries can help you get a good deal, have a pleasant experience and ensure there are no issues in the future.
     

How Residential and Retail Real Estate Sync Up in India

Publication: AFTERNOON Date : 08 JANUARY 2018
Whenever I'm asked how real estate is performing in India, I have to ask the questioner to be a bit more specific.
     

When home loan tax deductions can get revoked

Publication: MINT Date : 08 JANUARY 2018
There are various income tax sections under which you can claim deductions for expenses and investment incurred by you during the relevant financial years. Such deductions help you to bring down the taxable income

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