28TH JUNE 2019

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MCHI-CREDAI

BUDGET NEWS

     

From liquidity to stress fund: Real estate, homebuyers' Budget expectations

Publication: BUSINESS STANDARD Date : 28 JUNE 2019
Experts say the liquidity crisis is a major factor preventing completion of over 560,000 stalled units across top seven cities

CITY NEWS

     

MHADA to give refund for undelivered land

Publication: DNA Date : 28 JUNE 2019
Close to 1000 families who had paid MHADA anywhere between Rs 1,000 to Rs 3.5 lakh almost 25 years ago in lieu of plots can now seek a refund of their amount along with interest.
     

Mumbai: Dharavi re-bid on the cards, quotes to get sky-high

Publication: DNA Date : 28 JUNE 2019
If speculations are to be believed, the state government might call for fresh tenders for the Dharavi Redevelopment Project.
     

Coastal road: BMC goes green way, pays Rs. 25 cr to protect marine species

Publication: HINDUSTAN TIMES Date : 28 JUNE 2019
BMC officials said they paid Rs. 25 crore to the Mangrove Foundation of Maharashtra, an autonomous society that assists the state government in marine conservation.

OTHER CITY NEWS

     

Navi Mumbai to lose another six acres of mangroves

Publication: MUMBAI MIRROR Date : 28 JUNE 2019
Navi Mumbai will lose another six acres of mangroves, and this time it is for developing infrastructure for the Navi Mumbai airport. Earlier, the project proponent, City Industrial Development Corporation, had sought permission to cut nearly 500 acres of mangroves for the airport.

REALTY NEWS

     

India’s financial systems are stable, asserts RBI

Publication: BUSINESS LINE Date : 28 JUNE 2019
India’s financial system remains stable against the backdrop of improving resilience of the banking sector, even though the emerging trends in global economic as also geopolitical environment pose challenges, the Reserve Bank of India said on Thursday.
     

RBI says will review fraud detection guidelines for banks

Publication: MINT Date : 28 JUNE 2019
According to RBI, one of the major areas of non-uniformity in processes pertains to identifying RFA Amount involved in frauds that occurred between FY01 and FY18 formed 90.6% of those reported in FY19

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