11TH JUNE 2019

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MCHI-CREDAI

MAHARERA NEWS

     

MahaRERA rule ensures new builder fulfils promises of previous developer

Publication: DNA Date : 11 JUNE 2019
A developer is allowed to transfer his rights and liabilities in an ongoing project to a new developer, provided he has the consent of two-thirds of the allottees and approval of the MahaRERA authority.

CITY NEWS

     

50% Metro tunnelling complete in 19 months

Publication: HINDUSTAN TIMES Date : 11 JUNE 2019
The underground corridor, which is expected to provide another north-south rail service and an alternative to the suburban railway requires 56km of tunnelling for the twin passageways.
     

Mumbai Metro Rail Corporation bores 50% tunnels of Metro-3 in 19 months

Publication: DNA Date : 11 JUNE 2019
India's only underground metro on the Colaba-Bandra-Seepz called as Mumbai Metro 3 has achieved a major milestone.

REALTY NEWS

     

Minister to meet economists, industry chambers between June 11-23

Publication: BUSINESS LINE Date : 11 JUNE 2019
Finance Minister Nirmala Sitharaman will have to address various issues like the slowing economy, rising NPAs, job creation and the agrarian crisis without compromising on fiscal prudence.
     

Finance Ministry seeks consultants for sale of PSU land, buildings

Publication: THE ASIAN AGE Date : 11 JUNE 2019
The government is targeting to raise Rs 90,000 crore through CPSE disinvestment in current financial year.
     

DHFL, Reliance Capital using 'box firms' to avoid disclosures: Report

Publication: THE ASIAN AGE Date : 11 JUNE 2019
India’s non-banking financial companies (NBFCs) have floated “box companies” to evade disclosure of funds given to related parties and evergreening old loans, said a REDD Intelligence report dated June 7.
     

SBI to link home loans to repo rate from July 1

Publication: DNA Date : 11 JUNE 2019
Under the new product, the home loan shoppers opting for the product will see interest rate moving in accordance with the repo rate that is decided by RBI

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