07 JANUARY 2020 NEWS |
PROPERTY TAX NEWS |
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Publication: HINDUSTAN TIMES Date : 07 JANUARY 2020
The Brihanmumbai Municipal Corporation (BMC) has planned to ease out the property tax structure for land under construction (LUC) in its upcoming revision of property taxes. |
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Publication: HINDUSTAN TIMES Date : 07 JANUARY 2020
Mumbai:
The BMC on Monday modified the penalty for motorists parking within a radius of 500 metres from public parking lots.
Since July 7, the BMC began imposing heavy fines for parking within 500 metres of a public parking lot. |
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REALTY NEWS |
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Publication:MINT Date : 07 JANUARY 2020
Out of $600 mn, the investment platform plans to deploy around $150 mn within the next two years
Investments into the Indian industrial and warehousing segment is likely to touch $7 billion by 2021. |
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Publication:THE INDIAN EXPRESS Date : 07 JANUARY 2020
The Finance Ministry is likely to provide income tax relief to the middle class in the upcoming Union Budget 2020-21, according to two senior government officials. |
08 JANUARY 2020 NEWS |
CITY NEWS |
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Publication: HINDUSTAN TIMES Date : 08 JANUARY 2020
The state-appointed committee, formed to explore and suggest alternative sites for the Metro-3 (Colaba-Bandra-Seepz) car shed, visited Aarey Milk Colony on Tuesday as well as a potential alternative plot at Kanjurmarg. The committee’s report is expected in a week. |
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REALTY NEWS |
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Publication: THE INDIAN EXPRESS Date : 08 JANUARY 2020
MUMBAI: The Ashok Piramal Group’s real estate development company Peninsula Land is looking to repay its entire debt over the next 27-30 months led by the completion of its 6 ongoing residential projects in Mumbai, Bangalore and Pune, said a top company official. |
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Publication: MINT Date : 08 JANUARY 2020
Shriram Properties had received approval from capital Sebi to float an IPO in April 2018
Shriram Properties has ₹590 crore of debt, and will mainly use the proceeds of the share sale to pare its leverage level |
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Publication: HINDUSTA TIMES Date : 08 JANUARY 2020
The effects of the slowdown continued to reflect in the real estate market in 2019, when property sale dipped across the Mumbai Metropolitan Region (MMR). |
09 JANUARY 2020 NEWS |
CITY NEWS |
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Publication: HINDUSTAN TIMES Date : 09 JANUARY 2020
To provide residential and commercial complexes easy access to Metro-3 stations, the Mumbai Metro Rail Corporation (MMRC) is approaching developer associations in and around Bandra-Kurla Complex (BKC), Lower Parel, and the international airport. |
REALTY NEWS |
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Publication: BUSINESS LINE Date : 09 JANUARY 2020
State Bank of India (SBI) has launched Residential Builder Finance with Buyer Guarantee (RBBG) to safeguard home buyers financially by issuing guarantee for completion of projects to customers availing SBI Home Loans. |
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Publication: TIMES OF INDIA Date : 09 JANUARY 2020
New Delhi:
SBICAP Ventures, which has been entrusted with the task of managing the proposed Rs 25,000-crore real estate stressed asset fund, cleared the first batch of four applications, lending Rs 25 crore each to the realtors.
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Publication: TIMES OF INDIA Date : 09 JANUARY 2020
Mumbai:
SBI has launched a loan product that will protect home buyers financially against non-completion of projects that it has funded. The bank has introduced Residential Builder Finance with Buyer Guarantee (RBBG), which guarantees completion of projects funded by the bank to customers availing SBI Home Loans.
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10 JANUARY 2020 NEWS |
CITY NEWS |
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Publication: THE INDIAN EXPRESS Date : 10 JANUARY 2020
Besides promoting simplified and uniform building development norms across all municipalities and metropolitan areas, the move, being planned under the government’s Ease of Doing Business (EODB) reforms, will also see an increase in the permissible buildable area indices in a majority of regions, said sources. |
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Publication: TIMES OF INDIA Date : 10 JANUARY 2020
MUMBAI: Redevelopment of housing societies, once a money-spinning deal for most Mumbai builders, has virtually ground to a halt. Besides a stagnant property market, developers say such projects which earlier earned them huge profit margins, are no longer profitable because of high premiums and development charges levied by the BMC. |
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INFRA NEWS |
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Publication: TIMES OF INDIA Date : 10 JANUARY 2020
Mumbai:
Traffic woes in the suburbs, mainly in the west, are likely to reduce this year, with MMRDA, the apex planning body, announcing it will throw open two Metro corridors and complete three road projects. |
REALTY NEWS |
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Publication: MINT Date : 10 JANUARY 2020
FM Nirmala Sitharaman will have to walk a tight rope in boosting demand without allowing the fiscal deficit to go off-track |
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Publication: MID-DAY Date : 10 JANUARY 2020
Government has waived cumbersome process of securing a no-objection certificate from the collector for leave and licence agreements for 2,500 buildings under state control |
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