INFRA NEWS

Railways seeks private partner for real estate development

Publication: HINDU Date : 19 DECEMBER 2019

The Rail Land Development Authority (RLDA) has come up with plans for granting 99 years leasehold rights for commercial development of South Central Railway (SCR) land at Rifle Range and Chilakalguda. A Request for Proposal (RFP) notification has been issued for submission of e-bids online.

Elevated road will destroy the sanctity of MU, says Mungekar

Publication: HINDUSTAN TIMES Date : 19 DECEMBER 2019

Former vice-chancellor of the University of Mumbai (MU) and Congress’s former Rajya Sabha MP, Bhalchandra Mungekar, has raised questions over the varsity’s decision to hand over land to the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of an elevated road through the campus.

CITY NEWS

Civic body finds 7 plots to create 8,140 PAP homes

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019

With housing units at Mahul ruled out after the Bombay high court (HC) order, the Brihanmumbai Municipal Corporation (BMC) has identified seven public plots, admeasuring over 1 lakh square meters, to build 8,140 housing units for those affected by various infrastructure projects.

Not handing over houses? BMC won’t give builder TDR for project

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019

The Brihanmumbai Municipal Corporation (BMC) has decided not to approve Transfer of Development Rights (TDR) to developers for a project, unless they hand over the nearly 1,000 housing units reserved for project-affected people (PAP) in it.

Panje wetland in Uran being reclaimed again, BNHS tells CM

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019

Despite directions from government agencies that the 213-hectare (ha) Panje wetland, home to five lakh migratory birds, should be protected, debris is being dumped at the site, environmentalists alleged.

GST NEWS

GST Council Meeting: No rate hike, vote for single lottery rate

Publication: MINT Date : 19 DECEMBER 2019

The GST Council on Wednesday fixed a uniform tax rate of 28% both state and private lottery Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020

In a first, GST Council holds a vote — for 28% uniform lottery tax

Publication: THE INDIAN EXPRESS Date : 19 DECEMBER 2019

After the meeting, Union Finance Minister Nirmala Sitharaman, who heads the Council, said “every attempt was made to keep that set tradition alive, every attempt was made to convince based on opinion making in the house”.

REALTY NEWS

Piramal eyes affordable housing segment

Publication: MINT Date : 19 OCTOBER 2019

Piramal Realty is looking to double its residential development to 30 mn sq.ft over the next year, a top executive said The real estate company would look to build affordable homes as part of a larger residential project