PMAY NEWS

No takers for PMAY, bids extended

Publication: THE ASIAN AGE Date : 09 MARCH 2017

Mumbai: Prime Minister Narendra Modi’s dream project Pradhan Mantri Awas Yojana (PMAY) for constructing affordable homes has just found a single bidder for constructing approximately 3,500 homes in the neighbouring satellite cities of Mumbai.

Modi govt may soon pay rent for urban poor in 100 smart cities

Publication: ET REALTY Date : 09 MARCH 2017

NEW DELHI: The Narendra Modi government may now pay your rent. The Centre is all set to roll out a Rs 2,700-crore welfare scheme in 100 smart cities to give rent vouchers to the urban poor.

 INFRA NEWS

Centre and JICA in a tussle

Publication: THE ASIAN AGE Date : 09 MARCH 2017 PAGE: 02

Mumbai: The Central government’s ‘Make In India’ initiative is facing a hurdle in the procurement of rolling stocks (coaches) for the 33.5-km-long Colaba-Bandra-Seepz Metro-3 underground corridor for which civil work has already begun.

 CITY NEWS

Navy holds up 300 city housing projects, mostly near its colonies

Publication: TIMES OF INDIA Date : 09 MARCH 2017 PAGE: 01

Mumbai: The Navy has blocked real estate development in large swathes of the city's eastern suburbs with an estimated 300 housing projects stalled for months.

 OTHER CITY NEWS

Police told to probe calls from min's office over illegal bldgs

Publication: TIMES OF INDIA Date : 09 MARCH 2017 PAGE: 03

Mumbai: The Bombay high court on Wednesday ordered Navi Mumbai police commissioner Hemant Nagrale to conduct an inquiry into telephone calls made reportedly by the secretary of a minister to the court receiver.

HC asks Navi Mumbai top cop to look into political interference

Publication: HINDUSTAN TIMES Date : 09 MARCH 2017 PAGE: 06

Mumbai, March 9 -- The Bombay high court (HC) on Wednesday directed the Navi Mumbai police commissioner to conduct a probe into alleged interference by a personal assistant of a state minister

REALTY NEWS

Realty Queries - Budget Housing is Not Necessarily a Good Option

Publication: ECONOMIC TIMES Date : 09 MARCH 2017

Affordable housing has been given a boost in the budget this year.What does this mean for someone who wants to invest in a budget home now?.

Know the fair market value of your house

Publication: LIVE MINT Date : 09 MARCH 2017

The Finance Bill 2017 has proposed that the base year of cost inflation index (CII) be moved from 1981 to 2001. If this is approved, this would make a slight change in how the long term capital gains (LTCG) would be calculated for properties that were purchased before 2001.