27TH JUNE 2019

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MCHI-CREDAI

MCHI NEWS

     

Marathon Group launches 2nd phase of Kalyan-Shil township, Nextown

Publication: CONSTRUCTION WEEK ONLINE Date : 27 JUNE 2019
The 1st phase of Nextown has six towers of which three have been delivered

PMAY NEWS

     

Four years of PMAY(U), AMRUT and Smart Cities Mission

Publication: BUSINESS LINE Date : 27 JUNE 2019
More than 81 lakh houses have been sanctioned under Pradhan Mantri Awas Yojana (PMAY)-Urban, while under Smart Cities Mission, 25 works on smart roads worth ₹837 crore

CITY NEWS

     

DNA EXCLUSIVE: Realty firms fail to deliver parking slots to civic body

Publication: DNA Date : 27 JUNE 2019
The civic authority's well-established knack for lack of adequate planning has stripped its booming citizenry of options to park in a city where there were not many to begin with.
     

No takers for two plots in Bandra-Kurla Complex

Publication: DNA Date : 27 JUNE 2019
On March 8 this year, nodal town planning authority Mumbai Metropolitan Regional Development Authority (MMRDA) had floated a tender to lease the three plots in Bandra-Kurla Complex (BKC).

REALTY NEWS

     

Allow developers to invest in stressed assets: Sangeeta Prasad

Publication: DNA Date : 27 JUNE 2019
Houses can be sold at places where people with wherewithal and resources are present and it can happen if job opportunities are also created, says Sangeeta Prasad, MD & CEO, Mahindra Lifespace Developers Ltd.
     

Realty sector sees $ 3.9-billion private equity inflows in first 6 months of 2019

Publication: FINANCIAL EXPRESS Date : 27 JUNE 2019
The real estate sector witnessed private equity (PE) inflows of $3.9 billion in the first six months of 2019, recording a 26% rise over the corresponding period last year, a report released by Colliers International has said.
     

Trump Tower developer Lodha battles bond slump amid cash crunch

Publication: BUSINESS STANDARD Date : 27 JUNE 2019
India’s property tycoon Mangal Prabhat Lodha’s company just can’t catch a break in the bond market as liquidity risk has roared back amid stress in the sector.
     

Do large realty deals signal sector’s turnaround?

Publication: MINT Date : 27 JUNE 2019
Mid-sized developers with high exposure to residential assets have unsold inventory amid a liquidity crisis
     

PE investment in real estate up 26% during in first six months of 2019

Publication: MINT Date : 27 JUNE 2019
Mumbai attracted maximum of the total PE inflows PE inflows from foreign investors increased 28% in the same period
     

Icra cuts long-term debt rating of Piramal Capital, Edelweiss firms by a notch

Publication: MINT Date : 27 JUNE 2019
The move, in the middle of a liquidity crunch at NBFCs, could raise the cost of money for the two lenders

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