01ST & 02 JANUARY 2020

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MCHI-CREDAI

01 JANUARY 2020 NEWS

INFRA NEWS

     

FM unveils ~102L-cr infra project pipeline

Publication: HINDUSTA TIMES Date : 01 JANUARY 2020
ECONOMIC PUSH Move will help achieve target of a $5 trillion economy, says Sitharaman
     

FM unveils ₹102 tn infra push to reignite growth

Publication: LIVE MINT Date : 01 JANUARY 2020
Most investments to be made in initial part of 5-year period: Sitharaman Encouraging more private investment in infrastructure can create additional fiscal space for the government
     

₹102 lakh cr investment plan for mega infra push

Publication: TIMES OF INDIA Date : 01 JANUARY 2020
New Delhi: Finance minister Nirmala Sitharaman on Tuesday unveiled a Rs 102 lakh crore infrastructure investment plan for the next five years, with less than a fifth consisting of new projects to begin with.
     

CITY NEWS

     

Fines to sprinklers: MMRDA’s plans to make BKC air better

Publication: HINDUSTA TIMES Date : 01 JANUARY 2020
Mumbai : Intending to curb air pollution owing to infrastructure works in Bandra-Kurla Complex (BKC), the Mumbai Metropolitan Region Development Authority (MMRDA) has issued directives to all contractors, failing implementation of which, will invite penalties.

OTHER CITY NEWS

     

‘Navi Mumbai may lose its last remaining wetlands to devpt’

Publication: HINDUSTA TIMES Date : 01 JANUARY 2020
Mumbai : City Industrial Development Corporation Ltd.’s (Cidco) development plan (DP) for Dronagiri in Navi Mumbai marks the area’s last remaining wetlands for development, alleged environmentalists who have accessed the plan.

REALTY NEWS

     

Realty to soar ‘high’ in 2020

Publication: HINDU Date : 01 JANUARY 2020
Several high-rise projects got green nod after panels were formed in July. The city is set to see the launch of several high-rise towers, both residential and commercial, in the coming year.
     

Offices, affordable housing keep realty afloat

Publication: ECONOMIC TIMES Date : 01 JANUARY 2020
India's property industry continued its choppy ride through 2019 with commercial assets finding more takers even as affordable homes, underpinned by federal sops and lower interest rates, bucked the tepid demand trend in the residential real-estate market.
     

RERA and IBC: The real solutions for real estate

Publication: FINANCIAL EXPRESS Date : 01 JANUARY 2020
Recent announcements by the FM involving financial stimulus for the revival of the real estate sector are nothing but a reaffirmation of the importance of the sector. Estimates by the NITI Aayog show that the sector has a size of more than Rs 8 trillion and accounts for 7% of GDP. I

02 JANUARY 2020 NEWS

PROPERTY TAX NEWS

     

Most property tax dues from western suburbs

Publication: TIMES OF INDIA Date : 02 JANUARY 2020
Mumbai: The BMC has initiated the process to auction 228 properties for defaulting on payment of property tax. One of the properties is BJP MLA Sunil Rane’s Atharva Education Trust in Malad. The trust had not cleared its dues for the past few years owing to a dispute with the municipal corporation on the basis for calculating tax.

SPECIAL INTERVIEW

     

Some sector-specific steps are needed from govt: SBI’s Rajnish Kumar

Publication: MINT Date : 02 JANUARY 2020
2018 was the best year in terms of NPA provisions. 2020 will be best year in terms of recoveries, said the SBI chairman

REALTY NEWS

     

A look at investment options in real estate in 2020

Publication: MONEY CONTROL Date : 02 JANUARY 2020
With ready A-grade rent-yielding commercial assets becoming scarce and the residential market no longer offering the kind of returns it did a few years ago, investors are now turning to sunshine options such as warehousing, co-working spaces and co-living.
     

Developers see government sops boosting realty in second half of the year

Publication: MINT Date : 02 JANUARY 2020
Home sales slipped in the latter half of 2019 as consumers held back on discretionary spends amid the overall slowdown in the economy. Sales in the second half of this year declined by 22% over the first six months
     

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