30TH JULY 2019

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MCHI-CREDAI

HOUSING FOR ALL NEWS

     

Real estate attracts $34 billion PE investment since 2014: Report

Publication: FINANCIAL EXPRESS Date : 30 JULY 2019
Most of the housing shortage lies in the Economically Weaker Section and Lower Income Group segment. As of July 2019, 8.36 million houses have been sanctioned by the government under the "Housing for All" initiative.

CITY NEWS

     

Motilal Nagar revamp to give Mumbai 40,000 cheap homes

Publication: HINDUSTAN TIMES Date : 30 JULY 2019
The Maharashtra Housing and Area Development Authority’s (Mhada) plan to redevelop the 128-acre Motilal Nagar in Goregaon will generate 40,000 affordable houses, which will be distributed through a lottery.

OTHER CITY NEWS

     

Adopt rain water harvesting, get 2% discount on house tax in Agra

Publication: ET REALTY Date : 30 JULY 2019
AGRA: A day after being elected president of the All India Council of Mayors (AICM), Agra mayor Naveen Jain announced that citizens who adopt rain water harvesting system will be provided a 2% relaxation in house tax.
     

PNB Housing raises Rs 690 crore from IFC to push affordable housing

Publication: ET REALTY Date : 30 JULY 2019
KOLKATA: PNB Housing Finance has raised $100 million (Rs 690 crore) from the International Finance Corporation, for providing small and medium ticket housing loans.
     

ASK invests Rs 150 crore in Gulshan Homz’s realty project in Noida

Publication: ET REALTY Date : 30 JULY 2019
ASK Property Investment Advisors (ASK PIA) has invested Rs 150 crore in a residential project of real estate developer Gulshan Homz located off Noida Expressway, with a total development potential of around one million square feet.

REALTY NEWS

     

Commercial property overvalued in most European countries: ESRB

Publication: ET REALTY Date : 30 JULY 2019
FRANKFURT: Commercial property shows signs of overvaluation in most European Union countries as yield-starved investors pile into bricks and mortar, the EU's financial stability watchdog said on Friday.
     

Motilal Oswal Real estate raises Rs 1,000 crore for 4th fund

Publication: FINANCIAL EXPRESS Date : 30 JULY 2019
Motilal Oswal Real Estate (MORE) has raised close to Rs 1,000 crore for its fourth fund, and is actively seeking opportunities in the mid-market residential projects with large developers,
     

Homebuyers tilt towards branded players despite slowdown in real estate mkt

Publication: BUSINESS STANDARD Date : 30 JULY 2019
The residential real estate market may be going through tough times, but listed players saw an uptick in volumes in FY19, even as average realisations have been lower.

ALLIED INDUSTRIES NEWS

     

Orient Cement reports profit of Rs 55.89 crore in Q1 FY20

Publication: ET REALTY Date : 30 JULY 2019
NEW DELHI: Orient Cement reported a net profit of Rs 55.89 crore in the quarter ended June 2019. Its profit after tax (PAT) in Q1 FY19 was Rs 16.01 crore, the company said in a BSE filing.
     

Decorative segment pulled Kansai Nerolac through this quarter: HM Bharuka

Publication: ET REALTY Date : 23 JULY 2019
We have done a lot of cost control on the overhead side. The increase in margin has come basically from the cost cutting in the overheads.

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