RBI NEWS

Pre-festive season cut cheers realtors

Publication: FINANCIAL CHRONICLE Date : 08 AUGUST 2019

Kolkata/Chennai: The repo rate cut has generally gone down well among the realty players and sector analysts, but it may not be enough to improve the buyer sentiment in the mid-segment housing market. However, the increased limit in priority sector lending will support affordable housing segment.

Loans set to get cheaper as RBI cuts key rate by 35bps

Publication: TIMES OF INDIA Date : 08 AUGUST 2019

Mumbai: Interest rates on loans are set to fall further with RBI governor Shaktikanta Das on Wednesday announcing a cut in repo rate by an unconventional 35 basis points (100bps = 1 percentage point) to spur economic activity that has slowed in recent months, while inflation has remained under check.

RBI unveils measures to boost confidence in NBFCs

Publication: TIMES OF INDIA Date : 08 AUGUST 2019

Mumbai: In its monetary policy, the RBI has gone all out to revive confidence in well-functioning entities in the nonbanking finance company (NBFC) sector.

Realty firms cheer RBI rate cut, expect banks to pass benefits

Publication: DNA Date : 08 AUGUST 2019

The real estate sector expect that this will provide a positive boost to the home buying sentiment and rate cuts will guarantee affordability in terms of home loans and thus lowered EMI.

Good News! Home loans, car loans to become cheaper as RBI cuts repo rate again

Publication: FINANCIAL EXPRESS Date : 08 AUGUST 2019

Even before the announcement, ASSOCHAM expected the Reserve Bank of India to cut the benchmark policy repo rate by 50 basis points or more.

To push growth, RBI cuts repo rate by 35 basis points to 5.4%

Publication: MINT Date : 08 AUGUST 2019

Members of RBI’s rate setting panel voted unanimously to maintain the monetary policy’s accommodative stance. In response to RBI’s rate cut, State Bank of India cut its lending rate by 15 bps on Wednesday

MCHI NEWS

Mumbai: Now, SRA to issue development permissions simultaneously

Publication: DNA Date : 08 AUGUST 2019

In a bid to provide the much-needed relief to the developers of slum rehabilitation projects in Greater Mumbai, the Slum Rehabilitation Authority (SRA) has decided to issue intimation of approval (IOA) and commencement certificate (CC) together. This will pave the way for the developers of the slum rehabilitation project to get loans and also sell the upcoming tenements in the market.

CITY NEWS

Panje not a wetland, says Maharashtra mangrove committee

Publication: HINDUSTAN TIMES Date : 08 AUGUST 2019

The state wetland and mangrove committee on Tuesday said that despite Panje in Navi Mumbai possessing characteristics of a wetland, it cannot be considered one because the area is not designated as such in the National Wetland Atlas.

BMC to get tough against those who indulge in illegal constructions repeatedly

Publication: ET REALTY Date : 08 AUGUST 2019

MUMBAI: The Brihanmumbai Municipal Corporation (BMC) plans to take Mumbai Police's help to tackle those who indulge in illegal constructions repeatedly, despite civic notices and action being taken against them.

REALTY NEWS

Real estate sector hopes for faster transmission and even sharper cuts

Publication: FINANCIAL EXPRESS Date : 08 AUGUST 2019

Housing demand, which has been sluggish for several quarters, could see a pick-up following the decision by Reserve Bank of India (RBI) to cut the repo rate for the fourth time in 2019, if only lenders pass on the rate cuts to consumers.