05TH & 6TH DECEMBER 2019

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MCHI-CREDAI

05 DECEMBER 2019 NEWS

MCHI NEWS

     

Five SROs in place, developers told to get registered

Publication: TIMES OF INDIA Date : 05 DECEMBER 2019
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has appointed five developer bodies as self-regulatory organisations (SROs).

RBI NEWS

     

RBI keeps repo rate unchanged at 5.15%

Publication: MINT Date : 05 DECEMBER 2019
With a no rate action, the repo rate—the rate at which banks borrow from it—remain unchanged at 5.15% The decision to hold rates was a unanimous one by all the six members of the monetary policy committee

CITY NEWS

     

City breathes cleaner air; AQI drop is rare in Dec, say experts

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The city recorded a considerable drop in pollution levels on Tuesday, a rarity in December, according to experts.
     

JNPT projects in Uran, Nhava under scanner

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The Maharashtra Coastal Zone Management Authority (MCZMA) deferred a proposal made by the Jawaharlal Nehru Port Trust (JNPT) to construct sea walls at Gharapuri Island and Panje village in Uran, and a boat landing jetty at Nhava, over concerns of mangrove destruction.

REALTY NEWS

     

Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land

Publication: BUSINESS STANDARD Date : 05 DECEMBER 2019
Peninsula Land, promoted by Ashok Piramal Group, had many firsts to its credit. It built Crossroads in South Mumbai, which was the country’s first mall. It developed Peninsula Corporate Park — one of the first mill lands in Mumbai to get converted into a corporate complex.

06 DECEMBER 2019 NEWS

RBI NEWS

     

RBI slashes growth forecast, leaves key rate unchanged

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The RBI’s monetary policy committee (MPC) on Thursday slashed its GDP growth estimate but disappointed markets and borrowers by keeping its key policy rate unchanged after reducing it five consecutive times in 2019. It was widely expected that the central bank would reduce its repo rate—at which it lends to banks—by 25 basis points to a 10-year low of 4.9%.

CITY NEWS

     

HC lifts stay, opens door for Kanjur waste dumpyard expansion

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Bombay high court on Thursday in an interim order vacated a stay it had granted in September on the environmental clearance for the expansion of the Kanjurmarg landfill site. The expansion is required to operate an integrated scientific solid waste management system and the environmental clearance adds 52 hectares to the 65 hectares already in use at the site.
     

State govt stays infra, pilgrimage projects over ₹2cr by local bodies

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Uddhav Thackeray-led Maha Vikas Aghadi government has instructed the smaller civic corporations (excluding those like Mumbai, Thane and Pune), municipal councils, zilla parishads and gram panchayats in the state to stay all infrastructure and pilgrimage development works where funds between Rs 2 crore and Rs 25 crore have been sanctioned.
     

CM calls for single hsg authority to build a slum-free metropolis

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: Chief minister Uddhav Thackeray has suggested setting up a single authority for a slum-free Mumbai. Currently, several agencies, including BMC, Mhada. SRA and Cidco, provide lowcost housing to eligible slumdwellers as well as project affected persons.
     

State guarantees see 6-fold rise in three years to nudge ₹44,000cr

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The new state government has declared that it has inherited a debt burden of Rs 6.8 lakh crore from its predecessor, which includes the debt of the state and its utilities.

RERA NEWS

     

Mumbai and Pune lead in Rera registered properties

Publication: FINANCIAL EXPRESS Date : 06 DECEMBER 2019
The deployment of Rera across India is increasing as around 46,480 projects and 36,671 real estate agents have been registered under Rera as on November 2019.

REALTY NEWS

     

Income tax-saving FDs: Latest SBI, HDFC Bank, ICICI Bank, Bank of Baroda, PNB interest rates compared

Publication: MINT Date : 06 OCTOBER 2019
These tax-saving FDs have a lock-in period of five years The minimum investment amount can vary from bank to bank

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