REPORT

New housing units, sales down in Mumbai Metropolitan Region

Publication: DNA Date : 04 OCTOBER 2019

Of the total 17,180 units sold in MMR in Quarter 3, Mumbai witnessed housing sales of 11,630 units comprising over 68% share of the entire region.

Commercial realty developers may raise Rs 1.5 lakh crore through REITS, says Crisil

Publication: FINANCIAL EXPRESS Date : 04 OCTOBER 2019

Crisil said these assets, with annual lease rentals of around Rs 17,000 crore, represent around 30% of Grade A properties across major micro markets in the country.

RBI NEWS

Why another rate cut may not help India

Publication: ECONOMIC TIMES Date : 04 OCTOBER 2019

It’s almost universally expected in India that the central bank’s monetary policy committee will lower interest rates this week. Many expect it to keep cutting until the policy rate hits 5% by the end of the year;

REALTY NEWS

HDIL Homebuyers Seek PM’s Intervention

Publication: ECONOMIC TIMES Date : 04 OCTOBER 2019

Mumbai: Aggrieved homebuyers of bankrupt property company Housing Development and Infrastructure (HDIL) have sought the intervention of Prime Minister Narendra Modi to get possession of their apartments in stuck projects across Mumbai and its outlying suburbs.

Danger ahead: $63-bn stalled real estate projects a threat for Indian banks

Publication: BUSINESS STANDARD Date : 04 OCTOBER 2019

Ashish Shah is caught in the middle of India’s latest financial crisis. As chief operating officer of Radius Developers, he’s struggling to fund construction of apartment complexes because of a liquidity crunch in the nation’s bloated shadow-banking sector.