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If bank stays shut, it will sink in six months

Publication: MUMBAI MIRROR Date : 28 SEPTEMBER 2019
In an exclusive interview with Mirror, Joy Thomas, the suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank admitted the board had made a mistake by hiding the extent of its non-performing assets (NPAs) but said that it wasn’t detected by the RBI.




Ease of doing biz: India among 20 most improved countries

Publication: TIMES OF INDIA Date : 29 SEPTEMBER 2019
New Delhi: India is among top 20 countries that have improved the most on ‘ease of doing business’, the final score and the rankings of which will be released by the World Bank on October 24.



BS monetary policy poll: Majority see 25-bps rate cut in Oct 4 meet

Publication: BUSINESS STANDARD Date : 29 SEPTEMBER 2019
A rate cut is almost certain in the October 4 monetary policy review to lift economic growth, expect economists and market participants at large, but the quantum varies from 15 basis points (bps) to 40 bps.

Now, small is better and beautiful in real estate

Publication: FINANCIAL EXPRESS Date : 29 SEPTEMBER 2019
According to the various reports available in the market, the average size of the dwelling units in major cities have shrunk over the past five years from 1,400 sq ft in 2014 to nearly 1,020 sq ft in 2019 so far.

HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

Publication: BUSINESS STANDARD Date : 29 SEPTEMBER 2019
"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

Realtors slash ad spends by over 50% as sales plunge

Publication: BUSINESS STANDARD Date : 29 SEPTEMBER 2019
MUMBAI: The real estate sector, one of the biggest ad spenders during festival season, has slashed its ad budget by over 50 per cent as the sector is facing slowdown in demand due to various reasons including tight liquidity situation.




After a span of two years, property exhibition will be back in Mumbai

Publication: DNA Date : 30 SEPTEMBER 2019
After a span of two years the apex real estate body is holding its property exhibition. The real estate industry that has been suffering a slowdown used to earlier hold a bi-annual exhibition, which came down to once a year and in 2018 there was no exhibition. However, this year between November 21-24 the property exhibition will be held in Mumbai.

Developers' body launches website to economise costs

Publication: DNA Date : 30 SEPTEMBER 2019
In order to help developers in a depressed property market, the apex real estate body in the city Confederation of Real Estate Developers Association of India-Maharashtra Chamber of Housing Industry (CREDAI-MCHI) has decided to get rid of middlemen and procure construction raw materials and even services for constructing a building directly.

MahaRera moots self-regulatory organisations to ensure greater efficiency

Publication: TIMES OF INDIA Date : 30 SEPTEMBER 2019
Mumbai, Sep 29 () State real estate regulator MahaRera plans to have in place self-regulatory organisations (SROs) to ensure greater professionalism among all stakeholders and to bring in consistency in practices.



Most investors prefer real estate, says survey. Really?

Publication: ECONOMIC TIMES Date : 30 SEPTEMBER 2019
The turmoil in the equity markets and the decline in interest rates may have pushed investors towards real estate. An online survey shows that 57% of people prefer to invest in real estate.



RBI to cut rates again on Friday

Publication: THE ASIAN AGE Date : 30 SEPTEMBER 2019
Mumbai: With growth remaining a dominant concern and inflation remaining benign, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to cut the benchmark repo rate for the fifth time in a row on Friday.

RBI may lend a helping hand to govt, cut policy rates by 25 bps

Publication: MINT Date : 30 SEPTEMBER 2019
Six out of 10 economists expect repo rate to be cut to 5.15%, while maintaining an accommodative stance All experts believe that RBI is nearing the terminal repo rate of 5% before the end of the calendar year


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