25TH SEPTEMBER 2019 REPORT

MCHI REPORT

CREDAI- MCHI launches Weprocure.in Procurement Portal For The Industry, Of The Industry And By The Industry

Publication: BRIGHT Date : 25 SEPTEMBER 2019

Mumbai: CREDAI- MCHI held its 37th Annual General Meeting (AGM) on September 19, Thursday in Mumbai where it announced the launch of a one of its kind web platform portal ‘WeProcure.in’ with an aim to facilitate proper communication and encourage business

CREDAI- MCHI launches Weprocure.in Procurement Portal For The Industry, Of The Industry And By The Industry

Publication: MUMBAI NEWS EXPRESS Date : 25 SEPTEMBER 2019

Mumbai: CREDAI- MCHI held its 37th Annual General Meeting (AGM) on September 19, Thursday in Mumbai where it announced the launch of a one of its kind web platform portal ‘WeProcure.in’ with an aim to facilitate proper communication and encourage business

CREDAI- MCHI Launches Weprocure.in Procurement Portal

Publication: NATIONAL HERALD Date : 25 SEPTEMBER 2019

At the CREDAI- MCHI 37th Annual General Meeting (AGM), the apex developer body launched WeProcure.in to bring together the users and suppliers of construction material Industry to encourage business between them

बांधकाम क्षेत्राशी निगडीत पहिले वेब पोर्टल

Publication: झी २४ तास Date : 25 SEPTEMBER 2019

मुंबई : क्रेडाई - एमसीएचआयची ३७वी वार्षिक सर्वसाधारण सभा (एजीएम) मुंबईत आयोजित करण्यात आली होती. यावेळी बांधकाम व्यवसायाला प्रोत्साहन मिळावे आणि विकासक, बांधकाम क्षेत्राशी निगडीत उद्योग आणि त्यांच्या प्रोक्युरमेंट टीमबरोबर उत्तम संवाद साधता यावा, त्यातून विकासकांना कमी भावात माल मिळावा या उद्देशाने ‘WeProcure.in’ या वेब पोर्टलची घोषणा करण्यात आली.

REALTY NEWS

Income-tax rate for individuals may be cut soon

Publication: THE ASIAN AGE Date : 25 SEPTEMBER 2019

New Delhi: In a move to provide relief to the middle class, the government is considering lowering income-tax for individual taxpayers and restructuring the tax slabs. This has been suggested by a committee set up to recommend changes in the direct tax code.

What NRIs should watch out for when investing in Indian realty

Publication: MINT Date : 25 SEPTEMBER 2019

NRIs looking for end use may get a good deal in the residential segment given the current slowdown Real estate is an illiquid asset class and faces risks such as delay in construction or default by the developer

View: Cutting corporate tax to accelerate growth could be the first step to structural change

Publication: ECONOMIC TIMES Date : 25 SEPTEMBER 2019

Bravo, Nirmala Sitharaman. After becoming finance minister and presenting a second-rate Budget, you have seemed a timid tinkerer, making dozens of marginal changes to try and revive a sagging economy,

Corp tax cut may be the beginning of more reforms

Publication: MINT Date : 25 SEPTEMBER 2019

Corp tax cut is being seen as an application of the theoretical approach known as supply-side economics for countering the slowdown in GDP growth. Mint explains why this may be an inaccurate interpretation

26TH SEPTEMBER 2019 REPORT

INFRA NEWS

GVK to spend Rs8,500 crore on Navi Mumbai airport phase-I

Publication: MINT Date : 26 SEPTEMBER 2019

The greenfield airport will be built on 1,160 hectares in phases and eventually cater to 60 million passengers per year GVK group chairman GVK Reddy says the project is on track and going on well

CITY NEWS

Sea level could rise 10 times faster by 2100; Mumbai at risk, says study

Publication: HINDUSTAN TIMES Date : 26 SEPTEMBER 2019

Sources cited in the report have estimated that approximately 28 million people across Mumbai, Kolkata, Surat, Chennai, Kochi and Vishakhapatnam are at risk with the global mean sea level projected to rise 10 times faster by 2100, if global greenhouse gas emissions are not curtailed.

REALTY NEWS

Government to set up dedicated unit for effective monitoring of PMAY-U

Publication: ET REALTY Date : 26 SEPTEMBER 2019

NEW DELHI: The government has proposed to set up a dedicated unit to effectively monitor the implementation of Pradhan Mantri Awas Yojana (Urban), officials said on Wednesday.

Runwal Group set to lease 9,400 sq ft from Omkar Realtors

Publication: ET REALTY Date : 26 SEPTEMBER 2019

Realty developer Runwal Group is set to pick up 9,400 sq ft office space in commercial building Runwal & Omkar Esquare in central Mumbai’s Sion locality on a long-term lease from Omkar Realtors & Developers, said persons familiar with the development.