MCHI NEWS

BMC got no building proposal in last 1 month

Publication: DNA Date : 20 OCTOBER 2018

Even a month after Supreme Court’s extended sty on construction ban for a month the Brihanmumbai Municipal Corporation (BMC)

CONTI...

PMAY NEWS

NDA built 12.5 million homes for poor in four years, says PM Narendra Modi

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2018

The average time for constructing a house under PMAY too has come down from 18 months under the UPA rule to less than a year now, according to PM Modi.

For 12.5 million houses that NDA made in 4 yrs, UPA would need 20 yrs: Modi

Publication: BUSINESS STANDARD Date : 20 OCTOBER 2018

Prime Minister Narendra Modi on Friday attacked the previous UPA government for not building sufficient homes for the poor.

INFRA NEWS

MMRDA to form agency to maintain metro corridors

Publication: THE ASIAN AGE Date : 20 OCTOBER 2018

Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA) plans to form its own agency to operate and maintain upcoming metro corridors, by next year.

CITY NEWS

City’s air quality improves after 2 days of showers

Publication: TIMES OF INDIA Date : 20 OCTOBER 2018

Mumbai: After a few showers in the city on Wednesday and Thursday, Mumbai’s air quality improved and returned to the “good category” on Friday.

First raze and then build: BMC to spend ₹2cr on Linking Rd median

Publication: TIMES OF INDIA Date : 20 OCTOBER 2018

Mumbai: A proposal to construct a median along Linking Road in the western suburbs at a cost of Rs 1.83 crore drew criticism from corporators at BMC’s standing committee meeting on Friday.

REALTY NEWS

Debt refinancing deals slow down in real estate sector

Publication: ECONOMIC TIMES Date : 20 OCTOBER 2018

Lenders, particularly non-banking finance companies (NBFCs), are no longer keen to refinance debt of real estate developers, thanks to a liquidity pressure and increasing caution.

RBI eases norms for banks to lend more to NBFCs, housing finance companies

Publication: BUSINESS STANDARD Date : 20 OCTOBER 2018

In a bid to increase liquidity for cash-strapped non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) on Friday announced regulatory relaxations,

‘We expect the first REIT to be listed by the end of FY19’

Publication: BUSINESS LINE Date : 20 OCTOBER 2018

BENGALURU, OCTOBER 19 Well-managed Real Estate Investment Trusts (REITs) can give returns of 10-12 per cent to investors, which is higher than fixed debt returns from fixed deposits (FDs),