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The Five Cardinal Mantras for Real Estate
Jun 2020 , by in EXPERT ZONE

Recommendations around real estate by Padma Bhushan Harish Salve, Senior Advocate - Supreme Court of India   Mantra 1 - Restart and Rebuild with inherent Trust on both sides (Government & Real Estate Sector) where an ecosystem forged on faith and non-hypocrisy is built.   Mantra 2... Read more...

Piyush Goyal Criticizes Realty Developers
Jun 2020 , by in News/Views

Union minister of commerce and industry Piyush Goyal came down heavily on real estate developers telling them that many continue to hold on to high-priced inventory despite several reminders. Goyal said builders have no choice but to construct and sell projects at reduced and realistic prices, witho... Read more...

SBI Chairman Says Companies Risk Averse
Jun 2020 , by in News/Views

According to State Bank of India (SBI) chairman Rajnish Kumar the banks are flush with funds but corporates are not coming forward to borrow. India Inc. will need to overcome risk aversion and start investing if the economy has to pick up, he asserted. Brushing off criticism that banks have been ... Read more...

Romell Group Supports MCGM
Jun 2020 , by in News/Views

Considering the urgency of the steady rise in COVID-19 cases in Mumbai, MCGM has set up a COVID Care Centre at Goregaon’s NESCO Ground, with the support of Romell Group. Equipped to accommodate 2600 oxygenated beds – a first for Mumbai, it will be the biggest COVID Care Centre in India. MCGM als... Read more...

CREDAI Bengal Asks CM for Bailout
Jun 2020 , by in News/Views

Property developers in West Bengal have sought from the state a bailout package, including tax waivers and temporary cuts in stamp duty, after the debt-heavy industry ground to halt due to the Covid-19-induced lockdown. The Confederation of Real Estate Developers Associations of India (CREDAI-Wes... Read more...

Banks Seek Loans Restructuring
Jun 2020 , by in News/Views

Non-banking financial companies (NBFCshave asked the Central Bank to allow a one-off loan recast due to the impact of covid-19. RBI had allowed banks and NBFCs to make a one-time restructuring of loans given to micro, small and medium enterprises (MSMEs). The scheme was extended to 3 December. NBFCs... Read more...

High Level Govt Group to Attract Investments
Jun 2020 , by in ALLIED

The government announced setting up of a high level empowered group of secretaries, to be chaired by the cabinet secretary, and a Project Development Cell (PDC) in ministries/ departments with a view to attracting investments to the country. The decision was taken at a meeting of the Union Cabinet, ... Read more...

Karnataka App for Sand Purchase
Jun 2020 , by in ALLIED

Karnataka Department of Mines and Geology is building an app for people to buy sand at prices fixed by the government. Maralu Mithra, the sand app, is expected to be available in three months’ time. Earlier, the sand was sold on the basis of first-come-first-serve. Soon, this app will enable a ... Read more...

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