COURT NEWS

Real estate firms move SC against 'financial creditor' tag for homebuyers

Publication: BUSINESS STANDARD Date : 06 MARCH 2019

Real estate companies such as Wave Group’s Wave Megacity Centre, among others, are said to have approached the Supreme Court challenging the government’s decision to grant homebuyers the status of financial creditors.

MMRDA NEWS

Govt to create 40L jobs in small, medium entreprises

Publication: TIMES OF INDIA Date : 06 MARCH 2019

Mumbai: Forty lakh jobs in the industrial sector through small and medium enterprises is the focus of the state’s industrial policy 2019, which was released on Tuesday and will be valid for the next five years.

CITY NEWS

Maharashtra approves sale of prime plots at 10th of market rate

Publication: THE INDIAN EXPRESS Date : 06 MARCH 2019

Mumbai alone has about 3,000 such societies. A committee of bureaucrats had earlier recommended collecting at least 60-75 per cent of RR values for such conversion.

All collector’s land in state can be converted to freehold

Publication: TIMES OF INDIA Date : 06 MARCH 2019

Mumbai: The state cabinet on Tuesday took several decisions, including allowing all collector’s land given for housing and non-housing purposes across the state to be converted to

REALTY NEWS

To cool housing finance sector, NHB to set minimum capital, borrowing cap norms

Publication: BUSINESS LINE Date : 06 MARCH 2019

Housing finance regulator National Housing Bank (NHB) plans to roll out a set of measures for housing finance companies (HFCs) to better equip them to handle liquidity and solvency risks.

NHB proposes higher capital need for HFCs

Publication: TIMES OF INDIA Date : 06 MARCH 2019

New Delhi: National Housing Bank (NHB) has proposed to tighten the norms for housing finance companies (HFCs) by increasing the capital requirement, cutting their borrowing limit and also capping public deposits that mortgage players can accept.