BUDGET NEWS

Rera: Public body that sells land to bldr can’t be made promoter

Publication: TIMES OF INDIA Date : 19 JUNE 2019

Mumbai: In a landmark decision, state housing regulatory authority MahaRera has ruled that a public authority which sells land to developers cannot be made a promoter along with the builder in the housing project.

CITY NEWS

Dharavi revamp: Seclink says delay has upset global investors

Publication: THE INDIAN EXPRESS Date : 19 JUNE 2019

Seclink emerged as the frontrunner in February after the last round of tendering for the Rs 28,000-crore project.

REALTY NEWS

Deals Buzz: Blackstone buys Mumbai’s One BKC building for ₹2,500 crore

Publication: MINT Date : 19 JUNE 2019

In other news, Food delivery unicorn Swiggy is in talks to raise about $200 million from US-based private equity fund Carlyle Group; Bira91 parent in talks to raise $100 million.

Budget could set stage for a new-look Income-Tax Act

Publication: BUSINESS LINE Date : 19 JUNE 2019

The Mumbai Metropolitan Region Development Authority (MMRDA) on Monday said that track-laying for two Metro lines – Metro-2A (Dahisar-DN Nagar) and Metro-7

Maharashtra Budget: Govt to spend Rs. 300 crore to set up 50 industrial parks in tehsils

Publication: HINDUSTAN TIMES Date : 19 JUNE 2019

Following criticism over the rise in unemployment rate across the country, the Maharashtra government on Tuesday announced it would set up industrial parks in every tehsil for micro, small and medium industries to create jobs.