MCHI

Experts answer queries on consumer issues

Publication: DNA Date : 20 AUGUST 2019

DNA, brings to its readers expert’s take, where experts from a variety of fields take questions and give ready answers to issues close to citizen’s heart. Our experts will take your questions and offer their expertise. Today we bring to you our expert’s take on consumer issues.

REALTY

1,781 acres of salt pans spread across Mumbai to be opened up for real estate

Publication: HINDUSTAN TIMES Date : 20 AUGUST 2019

Salt pans spread over 1,781 acres (721 hectares) in Mumbai are set to be opened up for development. The land, whose current market value will be around ₹53,000 crore, is almost twice the size of Mumbai’s prime commercial hub, Bandra-Kurla Complex (BKC), which is spread over 914 acres.

Lower FSI premiums for builders: Will homes now become cheaper?

Publication: HINDUSTAN TIMES Date : 20 AUGUST 2019

In a boost to the realty sector ahead of the elections, the Maharashtra government on Monday reduced the premium amount to be paid by builders for floor space index (FSI) for all residential and commercial projects in Mumbai for two years. The move is expected to translate into a dip in prices for the buyer.

Time to link new loans to repo rate: RBI Governor

Publication: BUSINESS LINE Date : 20 AUGUST 2019

With about a dozen banks recently announcing plans to link their lending rates to the repo rate, the Reserve Bank of India (RBI) now wants the entire banking system to move faster on this front to ensure better transmission of repo rate changes to lending rates.

RBI may ask lenders to link loans to repo rate

Publication: MINT Date : 20 AUGUST 2019

Currently, banks price their loans based on their marginal cost of funds-based lending rate (MCLR) In December, RBI said that banks must set their interest rates for new loans against an external benchmark beginning 1 April

Real estate may be a safer bet than equities

Publication: MINT Date : 20 AUGUST 2019

Housing is a better investment choice than equities even though house prices are susceptible to credit cycles, a database of asset returns since 1870 suggests

Clearance for realty projects to soon be reduced to 60 days: Environment Minister

Publication: ET REALTY Date : 20 AUGUST 2019

NEW DELHI: Environmental clearance for real estate projects will soon be reduced to 60 days, Union Environment and Forests Minister Prakash Javadekar said on Monday.

Cholamandalam plans to enter housing finance business

Publication: ET REALTY Date : 20 AUGUST 2019

Cholamandalam Investment & Finance Co., an Indian financier for vehicles, is persisting with its plan to set up a mortgage-finance unit undeterred by a credit crunch that’s roiling shadow banks in the nation.

Maharashtra to reduce premiums on fungible FSI

Publication: ET REALTY Date : 20 AUGUST 2019

TMUMBAI: The state government, in a major relief to the real estate industry, has decided to reduce premiums on fungible FSI, a long-standing demand of the industry facing rising costs and a slump in demand.