REALTY

Govt pushes banks to cut rates in slowdown battle

Publication: TIMES OF INDIA Date : 06 AUGUST 2019

New Delhi: The government on Monday prodded banks to speed up rate cuts, while seeking to include auto and housing loans under the 59-minute scheme to fast-track clearances and enhance flow of loans to the two sectors that are in the drip of a sharp slowdown.

RBI's MPC meeting starts with expectation of another rate cut

Publication: MINT Date : 06 AUGUST 2019

Besides rate cut, the industry expects the MPC to take steps to improve liquidity situation, ensure transmission of rate cuts to borrowers by the banks In June policy review, the RBI had signalled more easing as it looked to support an economy growing at the slowest pace since the BJP came to power in 2014

RBI may have headroom for 25 bps repo rate cut

Publication: BUSINESS LINE Date : 06 AUGUST 2019

With the government having limited wiggle room for a stimulus package to lift the sagging economy, the Reserve Bank of India is expected to continue to do some heavy lifting to revitalise growth by cutting the policy repo rate by 25 basis points for the fourth time on the trot in the upcoming bi-monthly monetary policy review.

ALLIED INDUSTRY

Leisure Hotels Group to invest Rs 160 crore to add nine properties

Publication: ET REALTY Date : 06 AUGUST 2019

Hospitality firm Leisure Hotels Group is looking to invest Rs 160 crore to add nine properties across the country to its portfolio by the end of 2021, a top company official has said.

Nagpur Metro earns Rs 32 crore through FSI sale

Publication: ET REALTY Date : 06 AUGUST 2019

NAGPUR: Nagpur Metro’s plans to earn revenue by facilitating real estate development along its route under transit oriented development (TOD) policy is reaping dividends. After initial low response, collection through the sale of extra floor space index (FSI) for plots at a distance of 500 m from the Metro rail route has gone up by four times in the last six months.

WeWork obtains commitments for $6 billion IPO-linked debt

Publication: ET REALTY Date : 03 AUGUST 2019

NEW YORK: Workspace provider WeWork has obtained commitments from at least 10 banks for US$6bn in credit facilities that remain contingent on the company's ability to push through with its planned initial public offering, sources told LPC.

Lakshmi Vilas Bank & Indiabulls Housing merger important for both: Parthasarathi Mukherjee

Publication: ET REALTY Date : 03 AUGUST 2019

NCHENNAI: Lakshmi Vilas Bank and Indiabulls Housing announced a merger last April. Since then, the stock prices of both have crashed, partly because of market meltdown and also due to allegations about the quality Indiabulls books.