03RD TO 5TH AUGUST 2019

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MCHI-CREDAI

3RD AUGUST 2019 NEWS

INFRA NEWS

     

Mumbai Metro-3: Boring of longest downline tunnel completed

Publication: DNA Date : 03 AUGUST 2019
Vaitarna has reached its end. We are talking about tunnel boring machine named Vaitarna, which has dug Mumbai's first underground tunnel for the Colaba-Bandra-SEEPZ Metro-3 corridor.

CITY NEWS

     

You can view BMC’s draft DP of 3 BKC plots online

Publication: HINDUSTAN TIMES Date : 03 AUGUST 2019
While the Development Plan (DP) 2034 for the city has already been implemented, the Brihanmumbai Municipal Corporation (BMC) completed drafting another DP 2034 for the three plots of land in BKC recently.
     

Small pollutants in Mumbai’s air 5 times more than WHO limit: Study

Publication: HINDUSTAN TIMES Date : 03 AUGUST 2019
The concentration of fine particulate matter (PM2.5) in Mumbai was over five times the World Health Organization (WHO) standards in 2018.
     

Mumbai: To draft new garden policy, BMC invites suggestions from residents

Publication: THE INDIAN EXPRESS Date : 03 AUGUST 2019
There are over 1,068 gardens, playgrounds and recreation grounds that the BMC has acquired and is responsible for their maintenance. The civic body has, however, received flak for poor upkeep of these places.
     

60 plots in city will soon have ‘urban forests’

Publication: MUMBAI MIRROR Date : 03 AUGUST 2019
Municipal Commissioner Praveen Pardeshi has an ambitious plan – to increase the city’s green cover by creating “urban forests”. To implement the plan, around 60 locations have been earmarked in Mumbai, from F-South ward in Parel to R-North ward in Dahisar.

REALTY NEWS

     

Cheaper home loans: NHB to pump in Rs 10,000 crore into housing finance firms

Publication: FINANCIAL EXPRESS Date : 03 AUGUST 2019
The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.
     

Affordable housing gets a ₹10,000-crore booster

Publication: BUSINESS LINE Date : 03 AUGUST 2019
In order to boost the housing sector, the government on Friday announced providing liquidity of ₹10,000 crore for individual housing loans.
     

National Housing Bank to provide liquidity infusion facility of Rs 10,000 cr to Housing Finance Companies

Publication: BUSINESS LINE Date : 03 AUGUST 2019
To further ease the funds for the housing sector, National Housing Bank (NHB) will provide additional liquidity infusion facility of Rs 10,000 crore to Housing Finance Companies (HFCs). This will be an additional liquidity infusion for individual loans for affordable housing.
     

04TH AUGUST 2019 NEWS

CITY NEWS

     

13 builders owe Mhada Rs 77 crore

Publication: THE ASIAN AGE Date : 03 AUGUST 2019
Mumbai: Maharashtra Housing and Area Development Authority (MHADA) has registered a police complaint against 13 private developers for failing to pay rent amounting to Rs 77 crore for 572 transit rooms transit homes allotted to them.

05TH AUGUST 2019 NEWS

INFRA NEWS

     

Mumbai Metro-3 on track: 734 Kalbadevi, Girgaum tenants vacate structures

Publication: HINDUSTAN TIMES Date : 05 AUGUST 2019
In one of the biggest rehabilitation projects of recent times, 734 tenants from 30 buildings on the Girgaum-Kalbadevi stretch in South Mumbai have vacated their structures to make way for the fully-underground Metro-3 (Colaba-Bandra-Seepz).
     

Nagpur Metro giving infra projects a good name

Publication: FINANCIAL EXPRESS Date : 05 AUGUST 2019
Talk of the wonders that political will can do. In a country where infrastructure projects hog headlines for time and cost overruns, the Nagpur Metro is ahead of targets, with the backing of two political leaders ensuring that hurdles in the way of the project are removed in double-quick time.

CITY NEWS

     

Mumbai: Small society opts for self-redevelopment

Publication: DNA Date : 05 AUGUST 2019
Self-redevelopment is not only being sought as an option by big societies, but even smaller ones are now getting into it. A society comprising of two buildings and 34 flats in Santacruz West has decided to go ahead with self redevelopment.

REALTY NEWS

     

LIC Housing Finance reports 8% rise in Q1 net profit

Publication: BUSINESS LINE Date : 05 AUGUST 2019
LIC Housing Finance reported an 8 per cent increase in standalone net profit at ₹611 crore in the first quarter (Q1FY20) against ₹568 crore in the year-ago period.
     

Not enough low-cost units to meet rising demand

Publication: MINT Date : 05 AUGUST 2019
Various government incentives over the past few years have pushed up demand for affordable housing, but there isn’t enough supply in the segment Budget 2019 announced extra tax deduction of ₹1.5 lakh on interest paid on loans taken for affordable homes
     

Individual loans hold fort at HDFC as corporate book remains a pain point

Publication: MINT Date : 05 AUGUST 2019
June quarter net interest margin remained flat at 3.3% due to a greater focus on the individual loans category The markets have rewarded HDFC’s cautious and steady approach, too

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