08TH TO 10TH JUNE 2019

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MCHI-CREDAI

8TH JUNE 2019 NEWS

CITY NEWS

     

Four new weather forecasting radars in offing for Mumbai Metropolitan Region areas

Publication: DNA Date : 08 JUNE 2019
From next year onwards, the city will hopefully have a better warning system when it comes to heavy or very heavy rains.
     

Special model for location-specific weather forecast

Publication: THE ASIAN AGE Date : 08 JUNE 2019
or better understanding of the monsoon and city weather, four new radars will be set up in the Navi Mumbai, Thane and Mumbai regions.
     

Weather check: City to get two more Doppler radars

Publication: TIMES OF INDIA Date : 08 JUNE 2019
Mumbai: In the coming years, the India Meteorological Department (IMD) will be able to provide more accurate weather information as it has decided to instal four more Doppler weather radars in the Mumbai Metropolitan Region.

REALTY NEWS

     

Alert! SBI introduces home loans linked to RBI’s repo rate

Publication: FINANCIAL EXPRESS Date : 08 JUNE 2019
State Bank of India (SBI) is going to introduce repo linked home loan product from July 1, 2019. The move seems to be in line with the RBI ‘s direction to the banks to link home loans to an external benchmark.
     

One day to one month for NPA tag: RBI eases norms for debt resolution

Publication: THE INDIAN EXPRESS Date : 08 JUNE 2019
The new circular has also relaxed several other provisions, including norms related to consent of lenders and offers more freedom to lenders in implementing the asset resolution plan.
     

SBI offers home loans that will be in sync with RBI rate

Publication: TIMES OF INDIA Date : 08 JUNE 2019
Mumbai: State Bank of India, the largest housing finance provider, has become the first bank to link the cost of its home loans to the Reserve Bank of India’s repo rate.

9TH JUNE 2019 NEWS

CITY NEWS

     

BMC to raze 900 illegal slum units in Bandra, residents refuse to be ‘dumped’ in Mahul

Publication: TIMES OF INDIA Date : 09 JUNE 2019
Mumbai: The BMC has issued demolition notices to residents of around 900 “illegal” slum unitsin Behrampada at Bandra (East) so that it can go ahead with the work of widening a drain.
     

Flats may cost more as buyers to pay input tax

Publication: TIMES OF INDIA Date : 09 JUNE 2019
Prices of flats in the state are likely to rise by Rs 200 per square foot with the Confederation of Real Estate Developers Association of India (Credai), Maharashtra, deciding to pass the burden of input tax credit to purchasers.

10TH JUNE 2019 NEWS

RBI NEWS

     

Transmission of RBI rate cut is finally happening

Publication: THE ASIAN AGE Date : 10 JUNE 2019
Mumbai: The coordinated efforts of the government and the central bank to bring down lending rates for borrowers is finally bearing fruit.

CITY NEWS

     

Kamalistan to be rebuilt into ₹21,000cr office park

Publication: TIMES OF INDIA Date : 10 JUNE 2019
Mumbai: The six-decade-old Kamal Amrohi Studios, aka Kamalistan, in Jogeshwari (East), founded by the eponymous film director and the shooting locale for some of Bollywood’s biggest hits, will be redeveloped as the single largest commercial office park in Mumbai.

REALTY NEWS

     

₹10L cash withdrawal a yr may incur tax

Publication: TIMES OF INDIA Date : 10 JUNE 2019
New Delhi: The government is looking at the possibility of introducing a tax on those withdrawing Rs 10 lakh in cash a year as it seeks to discourage the use of paper currency, crack down on black money, and promote use of digital payments for all transactions.
     

SIZE IS KILLING CITY’S NEW LUXURY HOUSING ZONE

Publication: MUMBAI MIRROR Date : 10 JUNE 2019
Half of south-central Mumbai’s housing stock unsold despite high ‘nouveau-riche’ demand MMR’S STOCK 27,000 property units priced above Rs 4 cr added from 2013-19
     

More Items Likely to go Off Highest GST Slab

Publication: ECONOMIC TIMES Date : 10 JUNE 2019
Some states fear slowdown may get entrenched, reach out to Centre; GST Council may meet on June 20
     

NBFC Woes May Hurt Realty Revival

Publication: ECONOMIC TIMES Date : 10 JUNE 2019
DHFL downgrade likely to further dry up funding to the sector that was expecting some cheer after the polls

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