9TH FEBRUARY 2019 NEWS

GST NEWS

Residential properties: GoM favours cut in GST to 5% from effective rate of 12%

Publication: THE INDIAN EXPRESS Date : 09 FEBRUARY 2019

Currently, GST is levied at 12 per cent with input tax credit (ITC) on payments made for under construction property or ready to move in flats where the completion certificate has not been issued at the time of sale.

Group of State FMs favours lowering GST to 5% on residential houses, 3% on affordable housing

Publication: BUSINESS LINE Date : 09 FEBRUARY 2019

A Group of States’ Finance Ministers (GoFMs) is likely to suggest a two-tier lower GST rate structure for the housing sector.

REALTY NEWS

SBI cuts interest rate by 5 basis points on home loans up to Rs 30 lakh

Publication: HINDUSTAN TIMES Date : 09 FEBRUARY 2019

RBI Governor Shaktikanta Das had said he will speak to bankers to ensure a quicker and better transmission of the policy rates in a meeting scheduled to take place in two-three weeks.

10TH FEBRUARY 2019 NEWS

MCHI NEWS

Ailing real estate market may get GST intervention ahead of election

Publication: DNA Date : 10 FEBRUARY 2019

The Central government has handed out a big pre-election bonanza to property developers and buyers, by reducing GST on under-construction houses, from 12 per cent to 5 per cent. GST on affordable housing, meanwhile, will only be 3 per cent.

INFRA NEWS

SoBo gets jitters as BMC starts reclaiming land for coastal road

Publication: TIMES OF INDIA Date : 10 FEBRUARY 2019

Mumbai: Land reclamation for the Mumbai Coastal Road project has begun and south Mumbai residents are feeling the heat. Saturday morning saw residents from Breach Candy,

11TH FEBRUARY 2019 NEWS

INFRA NEWS

Bombay HC allows 1,585 mangrove trees to be cut for new sea link from Bandra to Versova

Publication: HINDUSTAN TIMES Date : 11 FEBRUARY 2019

The high court’s approval was the final clearance the state body required to begin work on the ₹11,332-crore Bandra-Versova sea link

REALTY NEWS

HDFC Capital plans to form 3 investment platforms for affordable housing

Publication: BUSINESS STANDARD Date : 11 FEBRUARY 2019

HDFC Capital, the real estate fund management arm of HDFC, is looking to form three platform investment deals with property developers for affordable housing, said sources in the know.