RBI POLICY NEWS

RBI cuts key rate 0.25 per cent, loans might get cheaper

Publication: THE ASIAN AGE Date : 07 JUNE 2019

Mumbai: In line with market expectations, the monetary policy committee (MPC) of the Reserve Bank of India (RBI), in its second bi-monthly monetary policy review for the fiscal,

Realtors sceptical of rate cut

Publication: THE ASIAN AGE Date : 07 JUNE 2019

In the current scenario bereft with rising NPAs and the ongoing NBFC crisis, things look quite bleak at the moment.

Repo rate lowest since 2010 after RBI’s third cut this year

Publication: TIMES OF INDIA Date : 07 JUNE 2019

Mumbai: In a move that is likely to make mortgages, auto loans and other borrowings cheaper, the Reserve Bank of India cut interest rates by 25 basis points for the third time this year

Real estate industry hopes for further rate cuts

Publication: DNA Date : 07 JUNE 2019

The Reserve Bank of India's (RBI) move to reduce repo rate by 25 basis points bodes well for the real estate sector but the industry is hoping for a further cut in the lending rate along with better transmission of the interest rate reduction.

CITY NEWS

Mumbai: BMC panel gives nod for residential buildings in open space

Publication: THE INDIAN EXPRESS Date : 07 JUNE 2019

According to the proposal, space will be carved out of a 7,623 sq m plot playground which is in the Brihanmumbai Municipal Corporation’s possession.

REALTY NEWS

Indiabulls to sell $1bn realty co to B’luru’s developer Embassy

Publication: TIMES OF INDIA Date : 07 JUNE 2019

Mumbai: Billionaire developer Jitu Virwani-led Embassy Group is close to acquiring Indiabulls Real Estate in a deal valued at around $1 billion. Bengaluru-based Embassy, one of the country’s largest office space developers,