10TH TO 12TH AUGUST 2019

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MCHI-CREDAI

10TH AUGUST 2019 NEWS

MCHI NEWS

     

Messe Frankfurt India extends partnership with CREDAI-MCHI for building technology fairs in India

Publication: CONSTRUCTION WEEK Date : 10 AUGUST 2019
The partnership extends the Indian subsidiary’s alliance for its leading building technology fair – ISH India powered by IPA thus providing real estate developers and builders access to need-of-the-hour solutions

CITY NEWS

     

Homebuyers can file insolvency cases: Supreme Court

Publication: THE ASIAN AGE Date : 10 AUGUST 2019
The court described remedies under the Consumer Protection Act, 1986, and RERA as “concurrent remedies”.

REALTY NEWS

     

Banks slash MCLR, set for repo linked deposit, loan rates

Publication: THE INDIAN EXPRESS Date : 10 AUGUST 2019
Public sector banks have started cutting the marginal cost-based lending rate (MCLR) following the Reserve Bank of India (RBI) decision to slash its Repo rate by an unconventional 35 basis points in the bi-monthly monetary policy review on August 7.

11TH AUGUST 2019 NEWS

CITY NEWS

     

Mumbai civic body plans to revive link between Colaba and Nariman Point

Publication: HINDUSTAN TIMES Date : 11 AUGUST 2019
You may soon be able to drive between Colaba and Nariman Point in five minutes during peak hours on a shoreline road the civic body has proposed.
     

Companies have time till 2024 to use CSR fund

Publication: HINDUSTAN TIMES Date : 11 AUGUST 2019
Parliament in July passed amendments to the Companies Act under which unspent CSR allocations would have to be transferred to a fund specified by the government.
     

In 2 years, BMC yet to take back 26 open plots

Publication: MUMBAI MIRROR Date : 11 AUGUST 2019
Some of these land parcels are with organisations linked to Sena and BJP leaders, others with private trusts; civic officials say reclaiming procedure in the ‘last phase’

12TH AUGUST 2019 NEWS

MCHI NEWS

     

Gaffes galore by babus, netas put CM in a spot

Publication: TIMES OF INDIA Date : 12 AUGUST 2019
While chief minister Devendra Fadnavis was focused on drafting a new strategy to tackle the worst-ever floods in the state, his cabinet colleagues and senior bureaucrats caused him several embarrassing moments.

CITY NEWS

     

Over 9L leave island city in 10 yrs, 8L for Thane alone

Publication: TIMES OF INDIA Date : 12 AUGUST 2019
Mumbai: Migration from the island city—for long a magnet for migrants and an aspirational destination for the middle classes—has intensified. Over 9 lakh fewer people reside in the island city, reveals a study of the census that shows patterns of migration within the Mumbai Metropolitan Region.
     

11km promenade along waterfront plan revived

Publication: TIMES OF INDIA Date : 12 AUGUST 2019
The Union shipping ministry has revived the proposal to redevelop the city’s eastern waterfront with an 11-km promenade, a Central Park and a Hitech City. The ministry has also set a target to develop a new major port at Vadhavan, nearly 140km north of Mumbai, into one of the top 10 container ports in the world by 2023.
     

REALTY NEWS

     

Realty firms home in on ₹45 lakh projects

Publication: MINT Date : 12 AUGUST 2019
Rising demand in the ₹45 lakh category is aided by GST benefits and the Centre’s aim to provide housing for all Despite the adversities, developers are pursuing a middle ground to bring back elusive homebuyers
     

Sitharaman, real estate developers discuss liquidity issue, need for stress fund

Publication: MINT Date : 12 AUGUST 2019
Nirmala Sitharaman today met real estate players and discussed ways to create demand in the country's real estate market Real Estate developers suggested the creation a stress fund for completion of stalled projects
     

Developers seek easier loan terms

Publication: DNA Date : 12 AUGUST 2019
Amidst slowdown in the economy and a liquidity crunch, the realty sector players on Sunday appealed to the Centre to introduce an additional memorandum on principal repayment of between one to two years, depending on the size of the project and stage of construction.
     

GST boost in real estate on finance ministry’s radar

Publication: HINDUSTAN TIMES Date : 12 AUGUST 2019
On Sunday, finance minister Nirmala Sitharaman held two separate meetings — the first with realtors’ associations, and the second with homebuyers’ groups — to discuss how to strengthen the realty sector.
     

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