RBI NEWS

RBI keeps door open for rate cut

Publication: DNA Date : 06 DECEMBER 2018

The Reserve Bank of India (RBI) has not ruled out a cut in interest rates in its next policy review if muted inflation remains sheltered from upward swings in food and global oil prices.

Realty companies hope for revival of market after RBI decision

Publication: DNA Date : 06 DECEMBER 2018

Realty players hope that the RBI's move to hold repo rate will help revive the industry while for home buyers it is the opportune time to avail the offers available in the market.

RBI pushes for fair pricing of home, auto loans

Publication: DNA Date : 06 DECEMBER 2018

Retail customers will get more transparent and a fair pricing for loans as Reserve Bank of India (RBI) makes it mandatory for all floating interest rates on personal, home, car, auto and Micro and Small Enterprises (MSEs) to be linked to external benchmarks such as repo rate or the treasury

CRISIL REPORT NEWS

Residential real estate demand may rise in medium-term: Report

Publication: ECONOMIC TIMES Date : 06 DECEMBER 2018

MUMBAI: Residential real estate demand may pick up in the medium-term following improvement in end-user participation on rising affordability, increasing launch of units with mid-income ticket sizes and implementation of RERA, according to a report.

Demand for residential property likely to remain muted in short term

Publication: FINANCIAL EXPRESS Date : 06 DECEMBER 2018

In the short term, demand is likely to remain muted and prices will remain under pressure on account of slowdown in volumes due to on-going liquidity concerns.

CITY NEWS

Mumbai: MHADA trips on norms, gets notice from RERA for violations

Publication: THE INDIAN EXPRESS Date : 06 DECEMBER 2018

Last July, MHADA registered 34 realty projects under MahaRERA, ahead of the agency’s 2017 housing lottery. As per law, flats cannot be sold without such registration.

To cut cost, railways to set up solar plants on its vacant land

Publication: HINDUSTAN TIMES Date : 06 DECEMBER 2018

Indian Railways plans to set up plants to generate 10 GW under the first phase of the initiative. This will also aid the railways in lowering its energy bill of around Rs 30,000 crore each year.

OTHER CITY NEWS

Construction norms near Pune Lohegaon airport revised

Publication: HINDUSTAN TIMES Date : 06 DECEMBER 2018

Constructions in the blue zone around Pune airport can be initiated on the basis of plinth check survey conducted by the Pune municipal corporation

REALTY NEWS

YES Bank, Art Affordable Housing Finance compete for small home loans

Publication: BUSINESS STANDARD Date : 06 DECEMBER 2018

YES Bank promoters' privately-held entities ART Capital and its subsidiary ART Affordable Housing Finance are competing for the same business with YES Bank leading to an overlap of businesses between the bank and the entities owned by YES Bank CEO