COURT NEWS

SC clears decks for Mumbai’s coastal road, but with caveats

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019

New Delhi: The Supreme Court has given a go-ahead to the coastal road project in Mumbai by staying a five-monthold Bombay high court order which stalled it on grounds of a lack of environmental and wildlife clearances.

Mumbai Coastal Road Project: SC stays Bombay HC order quashing CRZ

Publication: MINT Date : 18 DECEMBER 2019

The bench headed by Chief Justice SA Bobde was hearing the appeal filed by Municipal Corporation of Greater Mumbai The expressway is projected to be used by nearly 130,000 vehicles every day and reduce the 120-minute ride between South Mumbai and western suburbs to 40 minutes

PROPERTY TAX NEWS

Collection of property tax in city down 34%

Publication: TIMES OF INDIA Date : 18 OCTOBER 2019

Mumbai: Almost three quarters down the financial year, property tax collection shows a 34% deficit compared to last year as the BMC has issued no residential bills amid confusion over a waiver policy for homes under 500 sq ft.

GST NEWS

GST centres to help file returns

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019

New Delhi: With GST compliance remaining a big irritant for small businesses, the finance ministry is looking to set up facilitation centres on the lines of Aadhaar Seva Kendras to help traders and micro, small and medium enterprises file retur ns.

REALTY NEWS

2019: A year of hope and despair for real estate

Publication: THE ASIAN AGE Date : 18 OCTOBER 2019

The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India's first REIT, opening up new avenues for further investments, commercial office space continued to be the most sought after asset class.

Mumbai builders oppose state housing authority’s new re-development rules

Publication: BUSINESS LINE Date : 18 OCTOBER 2019

Real-estate builders in Mumbai have lashed out at the state government’s ‘new proposed guidelines’ with regard to the re-development of old buildings, which want landlords to choose builders only from those registered with MHADA.