credai wishes you a very happy & prosperous new year 2019 …€¦ · 04-01-2019 · credai...
TRANSCRIPT
Date – January 4, 2019 Issue no – 201901
TABLE OF CONTENT 1. CREDAI on Expected Announcement
of 5% GST Rate Reduction
2. CREDAI’s Response on Credit Link
Subsidy Scheme (CLSS) Extension for
MIG 2020
3. CREDAI Makes News
4. Industry Update & Notifications
5. CREDAI Upcoming Events
6. CREDAI at Glance
7. Industry News 8. CREDAI Industry Interface
9. CREDAI E-library
CONTACT US For events/PR/Sponsorship queries – Ms. Meenakshi Chopra, PR & Communications Manager |E: [email protected] | Landline: 011-42136200 Follow us on www.credai.org or
CREDAI Wishes you a Very
Happy & Prosperous New Year 2019
CREDAI’s Response on Credit Link Subsidy Scheme (CLSS) Extension for MIG 2020
"CREDAI lauds the Government’s decision to extend the Credit Link Subsidy Scheme (CLSS) on home loans for the Middle-Income Group (MIG) under the Pradhan Mantri Awaas Yojana (Urban) till March 2020, which will prove to be another major push towards the progression of the Affordable Housing segment. We hope that this move will set the tone for a prosperous 2019 for the Indian Real Estate
sector." -Jaxay Shah, President, CREDAI National. To read the notification, please click: https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/a153e1cc-805c-4eb4-bae2-08070073233f/ExtensionCLSSforMIG3.pdf
CREDAI on Expected Announcement of 5% GST Rate Reduction
As a leading industry body, CREDAI is consistently working closely with the Government and other authorities to lead the holistic growth of Indian realty sector. We have recommended the GST rate to be cut to a composite rate of 5% without benefit of the Input Tax Credit. CREDAI believes that this would reduce the adverse impact on the land abatement rate of 33% being offered under the present system. The composite rate of 5% would not only address the imbalance under the present GST regime which subjects under construction projects, but leaves completed units out of its scope, but also free the industry from the requirement of monthly returns for availing input tax credit which are very cumbersome. We firmly believe that this would lead to a transparent, objective and non-discretionary mechanism for GST implementation, thereby enhancing the ease of doing business. We hope that the rate cut, and other policy amendments are made in the best interest of all stakeholders to realize the true potential of the sector, moreover, benefitting the customers. - Jaxay Shah, President, CREDAI
CREDAI National Events Date Location
CREDAI YouthCon’19 Feb 2019 Delhi
CREDAI NATCON 2019 Aug 2019 Tel Aviv, Israel
CREDAI State Chapters Events Date Location
CREDAI Chennai FAIRPRO Feb 2019
Chennai http://www.credaichennai.in/index.php
CREDAI MAKES NEWS!
INDUSTRY UPDATES & NOTIFICATIONS
Coastal Regulation Zone Notification 2018 with
Relaxed Restrictions
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Coastal Regulation Zone (CRZ) Notification, 2018 which was last reviewed and issued in 2011, with periodic amendments to some clauses. The proposed CRZ Notification, 2018 will lead to enhanced activities in the coastal regions thereby promoting economic growth while also respecting the conservation principles of coastal regions. It will not only result in significant employment generation but also to better life and add value to the economy of India Salient Features of new notification:
• Allowing FSI as per current norms in CRZ areas
• Densely populated rural areas to be afforded
greater opportunity for development
• Tourism infrastructure for basic amenities to be
promoted
• CRZ Clearances streamlined
• A No Development Zone (NDZ) of 20 meters has
been stipulated for all Islands
• All Ecologically Sensitive Areas have been
accorded special importance
• Pollution abatement has been accorded special
focus
• Defence and strategic projects have been accorded
necessary dispensation
To read the full coverage, please log on to http://pib.nic.in/newsite/PrintRelease.aspx?relid=186875
CREDAI AT GLANCE
GIHED CREDAI - Gujarat Real Estate Vision 2030 Summit was held on December 21, 2018. Gujarat CM Shri Vijay Rupani graced the occasion with his presence. He talked about the major steps taken by the State Govt like Common GDCR, RERA Simplification, GST, Online NA, speedy approval of TP Schemes and Development Plans, etc to bring transparency and efficiency in real estate sector.
CREDAI Vishakhapatnam Property Show was held from Dec 23-25, 2018
CREDAI Pune metro team felicitate Hon’ble CM Devendra Fadnavis at the inauguration of Mann-Malunge High tech City PMRDA.
CREDAI-MCHI 5th Edition of BIZNET under the Procurement Wing held on Dec 20, 2018. The event witnessed the Participation of 150+ Developers and 180+ Purchase Heads along with one to one meeting with allied industries.
1. Loan portfolio for securitisation likely to rise. Read more
at: https://realty.economictimes.indiatimes.com/news/allied-
industries/loan-portfolio-for-securitisation-likely-to-
rise/66938392
2. Housing sales may rise 16% in 2018; new supply up 32%:
Anarock. Read more at:
https://economictimes.indiatimes.com/wealth/real-
estate/housing-sales-may-rise-16-in-2018-new-supply-up-32-
anarock/articleshow/67076265.cms
3. PMAY-Urban has created over 6 crore jobs in country:
Govt. Read more at:
https://realty.economictimes.indiatimes.com/news/industry/
pmay-urban-has-created-over-6-crore-jobs-in-country-
govt/67155714
4. Stamp duty cannot be charged in retrospect on resale of
old. Read more at:
http://timesofindia.indiatimes.com/articleshow/67186552.cm
s?utm_campaign=andapp&utm_medium=referral&utm_sourc
e=native_share_tray&utm_source=contentofinterest&utm_m
edium=text&utm_campaign=cppst
5. GST collections drop to Rs 94,726 cr in December,
lowest in three months. Read more at: https://www.business-standard.com/article/economy-
policy/gst-collections-drop-to-rs-94-726-cr-in-december-
lowest-in-three-months-119010200032_1.html
6. Govt forms committee for 'effective' implementation of
real estate law RERA. Read more at:
https://economictimes.indiatimes.com/industry/services/pro
perty-/-cstruction/govt-forms-committee-for-effective-
implementation-of-real-estate-law-
rera/articleshow/67326683.cms
Most Anticipated Event of the Year CREDAI YouthCon’19
CREDAI Bengal in association with FICCI organized a conference on "Growth Drivers of Infrastructural Development with Focus on Realty Sector' on December 20, 2018.
INDUSTRY NEWS
Sl. No.
Dated Members Subject
1. 03.01.2019 Shri. Sailesh Jogiani, Under Secretary, Ministry of Housing & Urban Affairs Delegation: 1. Atul Kumar 2. Rajiv Wadhawa
Removal of difficulties in implementation of Real Estate (Regulation and Development) Act, 2016
2. 19.12.2018
Shri Durga Shanker Mishra Secretary, Ministry of Housing and Urban Affairs, GOI, New Delhi CREDAI delegation: Atul Kumar Rai
Recommendations for reduction of GST to 5%
3. 18.12.2018
Shri Durga Shanker Mishra Secretary, Ministry of Housing and Urban Affairs, GOI, New Delhi
Recommendations on GST to promote Housing for All
4. 18.12.2018
Dr. Ajay Bhushan Pandey, IAS Revenue Secretary, Ministry of Finance, GoI, New Delhi
Recommendations on GST to promote Housing for All
5. 18.12.2018
Hon. Prime Minister of India PMO, New Delhi
Recommendations on GST to promote Housing for All
6. 18.12.2018
Shri Suresh Prabhakar Prabhu Hon’ble Minister of Civil Aviation Ministry of Civil Aviation, New Delhi
Inclusion of word “Natural Terrain/ duly authorized existing obstacles/ Building structure” in Schedule II Para 4 of Gazette of India, Ministry of Civil Aviation Notification 751 (E) dated 30 September 2015 deals with Shielding Criteria
7. 18.12.2018
Shri Sanjay Mitra IAS Defence Secretary, Ministry of Defence, New Delhi
8. 18.12.2018
Dr. Subhash Ramrao Bhamre Raksha Rajya Mantri, (Minister of State for Defence), Ministry of Defence, New Delhi
9. 18.12.2018
Smt. Nirmala Sitharaman Hon'ble Raksha Mantri, Ministry of Defence, New Delhi
10. 18.12.2018
Hon. Prime Minister of India PMO, South Block New Delhi-110 001
11. 18.12.2018
Shri B. S.Bhullar Director General, Ministry of Civil Aviation, GOI, New Delhi
12. 18.12.2018
Shri Rajiv Nayan Choubey Secretary, Ministry of Civil Aviation, GOI, New Delhi
13. 17.12.2018 Shri Ajay Tyagi Chairman, The Securities and Exchange Board of India, Mumbai
Representation seeking clarification with respect to schemes and discount offered by real estate developers to buyers
14. 17.12.2018
Shri Sunil Jayawant Kadam Chief General Manager, The Securities and Exchange Board of India, Northern Regional Office (NRO), New Delhi
Representation seeking clarification with respect to schemes and discount offered by real estate developers to buyers
CREDAI’s Govt. Interface Update, December 16, 2018 – January 4, 2019
Date Section Sub-section Document Title Link
02/01/2019 Home Loan Home loans and guidelines
Extension Class for MIG
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/a153e1cc-805c-4eb4-bae2-08070073233f/ExtensionCLSSforMIG3.pdf
02/01/2019 RERA State Rules (UP RERA)
UP RERA: Web based services of Enquiry, Complains and suggestion
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/officeorder-conciliationforum.pdf
02/01/2019 RERA State Rules (UP RERA)
Slandered Operating Procedure for Decantation of complains in UP RERA
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/00e1c85d-08a3-499e-90c2-e9e9ea2f8d76/UpReraSOP.pdf
31/12/2018 Reports & Journals
CREDAI Reports & Journals
The Challenges & Success Stories of Social Housing Around the World
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/de3ee263-78b5-477a-bb1d-1f324a1412ba/affordableissue44.pdf
28/12/2018
Affordable Housing
PMAY 3,10,597 Houses Sanctioned Under Pradhan Mantri Awas Yojana (Urban)
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/9578e183-8a44-40e9-8f36-cde0c048a84d/310597HousesSanctionedUnderPradhanMantriAwasYojanaUrban.pdf
28/12/2018
Smart Cities 100 Smart Cities Selected in 4 Rounds
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/b6cf3ed3-d5af-462d-9101-154f67bdf613/100SmartCitiesSelectedin4Rounds.pdf
28/12/2018
Reports & Journals
Other Research Organization Reports
Status of Rural Development Schemes
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/de3ee263-78b5-477a-bb1d-1f324a1412ba/PressInformationBureau.pdf
26/12/2018 Reports and Journals
Other Research Organization Reports
Housing for all by 2022 https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/de3ee263-78b5-477a-bb1d-1f324a1412ba/Housingforall2022.pdf
26/12/2018 Reports and Journals
Other Research Organization Reports
CBRE Research (Green Buildings: Everything Investors Need to Know)
https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/de3ee263-78b5-477a-bb1d-1f324a1412ba/CBREResearchGreenBuilding.pdf
24/12/2018
GST GST – Concept & status
GST Council meeting https://knimbus.s3.amazonaws.com/org_ab15180f-4cce-4e43-bbb5-f3e159ba0f98/da739c1b-c682-4978-94f4-a8598f18a053/GSTCouncilmeeting.pdf
17/12/2018
Landmark Judgments
Janhit Manch through its President Bhagvanji Raiyani & ANR. Versus the State of Maharashtra & ORS
https://credai.new.knimbus.com/user#/searchresult?sectionId=dca591d6-5168-4752-a2a3-e16f4e53f163§ionName=Landmark%20Judgments&searchId=&sortFieldId=publication_year
CREDAI E-Library