MCHI NEWS

GOLDEN PILLAR AWARDS

RBI POLICY NEWS

RBI policy review: More houses to be affordable now as loan limits hiked

Publication: BUSINESS STANDARD Date : 07 JUNE 2018

The Reserve Bank of India (RBI) has increased the loan limits for banks and housing finance companies (HFC) so that these financial institutions can meet their priority sector lending (PSL) requirements.

RBI says rate hike wasn’t meant to support rupee, analysts say it will

Publication: HINDUSTAN TIMES Date : 07 JUNE 2018

For HSBC Holdings and Nomura Holdings, the rate hike deicison by RBI’s monterary policy committee bolsters its credentials on the inflation-fighting front, which will have a rub-off effect on the rupee.

CITY NEWS

Double TDR for developers of redevelopment projects with no viability in Mumbai

Publication: DNA Date : 07 JUNE 2018

Here's some good news for tenants of cessed buildings which are built on small plots in the island city. Owing to the size of the plot, no developer wants to come forward to redevelop them.

Metro 3: MMRC seeks nod to carry out work at night

Publication: THE INDIAN EXPRESS Date : 07 JUNE 2018

After Wednesday’s hearing of the MMRC application, the petitioners, residents of south Mumbai, taking exception to the noise pollution caused due to Colaba-Bandra-SEEPZ underground Metro work at Cuffe Parade,

MRVC approached to operate monorail corridor

Publication: THE INDIAN EXPRESS Date : 07 JUNE 2018

“We have approached them with regard to its operation and maintenance. They are studying the proposal,” said Sanjay Khandare, Additional Metropolitan Commissioner.

Virar-Alibaug corridor will not pass through SGNP

Publication: THE ASIAN AGE Date : 07 JUNE 2018

MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has planned to reroute the multi-modal Virar-Alibaug corridor in a bid to avoid the elevated 2km stretch that was supposed to pass through Sanjay Gandhi National Park (SGNP).

REALTY NEWS

President clears IBC ordinance, providing relief to homebuyers

Publication: LIVE MINT Date : 07 JUNE 2018

The amendments, which are based on the recommendations of an expert panel, mark an important milestone in the evolution of the insolvency and bankruptcy code (IBC) of 2016

Even one homebuyer can now drag errant builder to NCLT: Govt ordinance

Publication: BUSINESS STANDARD Date : 07 JUNE 2018

Even one homebuyer can drag an errant builder into the National Company Law Tribunal (NCLT), says the government after an Ordinance promulgated on Wednesday empowered homebuyers to do so.