The Jetty project in Navi Mumbai is likely to be completed by 2021

The 111 crores worth Jetty project handled by the City and Industrial Development Corporation of Maharashtra (CDICO) for water transportation from Mandawa to Nerul and from Nerul to the Gateway of India.

CREDAI seeks input tax credit on GST, which can reduce house prices

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CREDAI on Tuesday requested that developers be granted the input tax credit (ITC) under the GST scheme, which may result in a 10 percent decrease in housing costs. CREDAI, which has over 13,000 developers, asked the federal government to ease the ITC for property developers under the composite GST system.

MahaRERA restricts realtors from selling open parking space

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Under Real Estate (Regulation and Development) Act, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has come up with instructions for the builders and developers, under which they are not entitled to sell or allot the open parking space to any homebuyer.

First Public EV Station Inaugurated in Mumbai

The environment minister of Maharashtra, Aditya Thackeray, inaugurated the first-ever EV enabled charging station in Mumbai. He tweeted the news as “Inaugurated an EV enabled parking lot at Kohinoor building in Mumbai. It is encouraging as we move in the direction of making Maharashtra Electric Vehicle friendly.”

GNIDA set to announce shortlist for urban planning and design in Noida

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Greater Noida is a planned metropolis in the Gautam Budh Nagar district of Uttar Pradesh. The UP Industrial Region Development Act of 1976 established the city to extend the Noida region. This expansion is managed by the Greater Noida Industrial Development Authority (GNIDA).

Construction and real estate industry coalition protest due to the rise in cement prices.

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The members of the construction industry staged a protest in Chennai against the rising cement prices even though there was no real estate work due to the pandemic. The protest was held outside the house of a cement manufacturer at Boat Club in Chennai.

Ahmedabad’s skyscraper residential project is in a limbo

Ahmedabad is getting its tallest residential building at Science City. This skyscraper residential project is 110 meters tall and has 30 floors. But currently, the project is stuck in limbo.

The revenue department of Delhi issued a property documentation guidelines for sub-registrars

A few guidelines for the sub-registrars on the documentation of properties have been issued by the Revenue Department of Delhi’s government. This is done to provide efficient and effective registration services to the public.

Nagpur civic body implements 5% rebate on property tax w.e.f. July 1

In positive news, Nagpur civic body implemented a 5% rebate on all property taxes that helped increase tax payments.

Kolkata launches the single-window search mechanism for property arrears information.

Even though this facility existed previously, the individual doing the search had to visit many departments to get information.

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