09TH JANUARY 2019

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MCHI-CREDAI

GST NEWS

     

Why reduced GST will prove costly for budget home buyers

Publication: TIMES OF INDIA Date : 09 JANUARY 2019
The government’s plan to reduce 12% GST on housing to a flat 5% without extending the benefit of input tax credit (ITC) to developers will increase price of apartments for low and middle-income groups in most cities.
     

Ahead of GST council meet, bldrs lobby for input tax credit

Publication: TIMES OF INDIA Date : 09 JANUARY 2019
New Delhi: Ahead of the GST Council meeting on Thursday, builders are lobbying hard to ensure that the government allows input tax credit on under-construction residential property, while reducing the levy to 5%.

KNIGHT FRANK REPORT NEWS

     

Apartment sales in Mum region flat at 3%: Report

Publication: TIMES OF INDIA Date : 09 JANUARY 2019
Mumbai: Apartment sales in Mumbai Metropolitan Region (MMR) recorded a measly 3% growth in 2018 compared with 2017, stated a Knight Frank India Real Estate report released on Tuesday.
     

Mumbai: 2018 saw more houses at affordable prices, reveals report

Publication: DNA Date : 09 JANUARY 2019
Mumbai saw 74,363 new housing units being launched in the year 2018, a growth of 220 per cent over 2017
     

Housing sales in eight cities grew 6% in 2018

Publication: DNA Date : 09 JANUARY 2019
Reduced prices and indirect discounts by developers led to 6% growth in housing sales across eight major cities of the country in 2018, according to a report by Knight Frank India released on Tuesday.
     

2BHKs in Mumbai have shrunk by 25% in five years

Publication: HINDUSTAN TIMES Date : 09 JANUARY 2019
To boost sales amid the slowdown, developers have reduced the size of apartments in the city by around 25% over the past five years, according to a report by Knight Frank, a real estate consultancy firm.
     

NBFC crisis batters realty, home sales grow just 6% in 2018

Publication: MINT Date : 09 JANUARY 2019
Real estate developers in 2018 shook off the previous year’s lethargy with 76% higher home launches, even as sales grew at a more sedate 6%

INFRA NEWS

     

Next Metro stop could be Mumbra & Kalwa

Publication: TIMES OF INDIA Date : 09 JANUARY 2019
Thane: After criss-crossing the Metropolis, Metro seems to be making its way into the hinterlands with the Thane Municipal Corporation (TMC) considering an independent route to connect Kalwa and Mumbra with Thane and Mumbai.
     

43 delayed projects, Rs 10k-cr cost overrun

Publication: MUMBAI MIRROR Date : 09 JANUARY 2019
Maharashtra has maximum number of infra projects that have fallen into cost and time overruns

CITY NEWS

     

Serious fire incidents rise over 40% in Mum

Publication: TIMES OF INDIA Date : 09 JANUARY 2019
Mumbai: The fire brigade recorded a 40% rise in calls on major fires in 2018, though the total number of calls on all types of fires dropped. Around 20 people have died in recent weeks in several blazes across the city.
     

Dharavi redevelopment plan gets another extension after tepid response

Publication: DNA Date : 09 JANUARY 2019
The deadline for receiving tenders for the ambitious Dharavi redevelopment plan has again been extended following a tepid response. The original deadline of December 29
     

Unfair to slash SRA areas, says Shiv Sena leader Ravindra Waikar

Publication: DNA Date : 09 JANUARY 2019
Shiv Sena leader and Maharashtra minister for state housing Ravindra Waikar has protested his own government's decision of reducing the size of a portion of a tenement offered
     

Sea you, bye bye Worli promenade

Publication: MUMBAI MIRROR Date : 09 JANUARY 2019
BMC to take over 83-year-old Worli sea-face promenade for the construction of Rs 2,000-crore coastal road

REALTY NEWS

     

Why cement stocks keep ignoring downgrade after downgrade

Publication: MINT Date : 09 JANUARY 2019
Shares of large-cap cement firms such as ACC Ltd, Ambuja Cements Ltd and UltraTech Cement Ltd ended Tuesday’s session largely flat
     

Opinion | Why it’s time to end regulatory capture in realty sector

Publication: MINT Date : 09 JANUARY 2019
Few sectors in the economy have the kind of positive impact on jobs and livelihoods as real estate.

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