MMRDA NEWS

MMRDA to deploy more workers to finish infrastructure projects on time

Publication: THE INDIAN EXPRESS Date : 06 NOVEMBER 2019

The MMRDA is constructing the sea bridge at a cost of Rs 17,843 crore and has nearly completed the geo-technical investigation and casting yard work.

REALTY NEWS

Real estate stocks gain after FM hints at new measures for sector

Publication: MONEY CONTROL Date : 06 NOVEMBER 2019

Real estate stocks were trading higher on November 6 after Finance Minister Nirmala Sitharaman hinted at new measures to resolved issues facing the real estate sector.

Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose

Publication: BUSINESS STANDARD Date : 06 NOVEMBER 2019

Realty stocks including Indiabulls Real Estate, Sobha, and Prestige Estate Projects gained up to 5 per cent in the morning deals on Wednesday after Finance Minister Nirmala Sitharaman said the Centre is working with the Reserve Bank of India (RBI) towards tweaking the existing laws to make them conducive for the real estate sector.

After corporate tax cut, FM Sitharaman hints at major reforms in land and capital

Publication: FINANCIAL EXPRESS Date : 06 NOVEMBER 2019

Finance minister Nirmala Sitharaman on Tuesday said the government was talking to “companies of stature and size” who had left China to woo them to set up base or relocate here and was in possession of “very reliable intelligence that they will indeed choose India”.

NBFCs not enthused with revised ALM norms: Kotak

Publication: MINT Date : 06 NOVEMBER 2019

The RBI on Monday extended the deadline for implementation of ALM and LCR framework for NBFCs from 1 Apr to 1 Dec, 2020 The recent efforts by the RBI have helped liquidity position of small retail NBFCs even as debt market participants remain concerned on the asset quality in the wholesale segment

Sitharaman signals next dose of reforms to target realty sector

Publication: MINT Date : 06 NOVEMBER 2019

Govt is working closely with RBI to address real estate sector’s problems: Nirmala Sitharaman The focus on real estate is part of govt’s broader plan to kick-start economic growth, which has slowed to a six-year low