MCHI Mumbai
The real estate builders in Mumbai have called off for strike and it is scheduled for May 3, 2012. The Builders Association of India along with the Maharashtra Chamber of Housing Industry and the Confederation of Real Estate Developers Association of India had called for strike protesting the delay in realty project approvals. According to [...] Continue Reading »
As per the recent Bombay High court’s order, service tax will be levied on construction of properties. Earlier, Maharashtra Chamber of Housing Industry (MCHI) challenged the order of paying extra service tax. The order also stated that only state government has the power to levy tax on flats, buildings and other plots. MCHI has already [...] Continue Reading »
Navi Mumbai, that could once boast of offering houses at moderate prices is now burning a hole in a buyer’s pocket. Residents are not happy with the scene. What they want is that the place must go back to its original plan of offering affordable homes. The town witnessed a good housing growth till five [...] Continue Reading »
Taking over as the new president of MCHI (Maharashtra Chamber of Housing Industry), Paras Gundecha has stressed the need for an image makeover for the entire developer community and remarked that a code of conduct would go a long way in earning goodwill for the fraternity from all quarters. “The new committee would be keen [...] Continue Reading »
Industry experts said the new rule (BMC proposal to bring more areas under Floor Space Index calculations) could force developers to pass on the cost ultimately to the buyers since including additional components in FSI would lead to less construction. The Maharashtra Chamber of Housing Industry (MCHI) has welcomed BMC proposal to bring more areas [...] Continue Reading »
The government insisting that developers follow the carpet-area norm but the revenue department continues to charge stamp duty on the basis of build-up area. According to Maharashtra Chamber of Housing Industry (MCHI), the Brihanmumbai Municipal Corporation (BMC) sanctions building permission plans on the basis of built-up area. The Maharashtra Chamber of Housing Industry (MCHI), a [...] Continue Reading »
The sales tax department has threatened to take action against many builders after having come across several cases of tax evasion. The Builders have already collected Tax on under-construction property from the property buyers. But only a few have deposited it. Construction projects in the city and the state are once again under the scanner. [...] Continue Reading »
The Maharashtra Chamber of Housing Industry (MCHI), the apex body of real estate business in the state, has directed all its members not to book flats without receiving the commencement certificate (CC) from the authorities. This move will ensure that people buy flats only in approved projects. With a view to curb unethical practices, MCHI [...] Continue Reading »
