CITY NEWS

Mumbai: Self-redevelopment can give huge boost to realty, says Experts

Publication: DNA Date : 07 AUGUST 2019

Self-redevelopment of old and dilapidated residential structures can make the cost of an apartment in such projects 15% cheaper compared to flats constructed by private builders, said experts, stressing that the emerging redevelopment model has the potential to correct realty rates in the city.

OTHER CITY NEWS

Govt receives 400 suggestions from stakeholders on proposed model tenancy law

Publication: TIMES OF INDIA Date : 07 AUGUST 2019

New Delhi, Aug 6 () The Centre received around 400 suggestions from various stakeholders till August 1 on the proposed model tenancy law under which land owners will have to give a three months' notice before revising rent.

REALTY NEWS

Ajay Munot appointed new CEO of Emaar India

Publication: BUSINESS STANDARD Date : 07 AUGUST 2019

Dubai-based Emaar Properties has appointed Ajay Munot as its chief executive officer (CEO) for its India business, sources said on Tuesday.

Tough times for real estate sector, need to find solution, says HDFC MD

Publication: FINANCIAL EXPRESS Date : 07 AUGUST 2019

Real estate sector is passing through ‘tough times’ because of liquidity crunch and solution has be found to address the issue, HDFC Managing Director Renu Sood Karnad said on Tuesday.

Construction sector can boost India-Israel ties: Netanyahu

Publication: BUSINESS LINE Date : 07 AUGUST 2019

Israeli Prime Minister Benjamin Netanyahu has said that the India-Israel relationship can be further strengthened by cooperation in the construction sector, which is witnessing new trends of connectivity and artificial intelligence.

DHFL says its lenders will not have to take a haircut

Publication: MINT Date : 07 AUGUST 2019

DHFL will seek funds from NHB and other lenders to resume retail lending, as part of its debt resolution plan Lenders may still have to take a haircut as the DHFL statement is silent on interest payments, said an analyst, who declined to be named

‘No new loans for DHFL till investor arrives’

Publication: BUSINESS LINE Date : 07 AUGUST 2019

Cash-strapped mortgage lender Dewan Housing Finance Corporation Ltd.’s (DHFL) plans to borrow ₹1,000 crore to ₹1,200 crore from banks every month — as part of its proposed resolution plan — may fall flat with the lenders, who may extend fresh loans only after a new promoter comes in.