DAILY NEWSLETTER
(CREDAI-MCHI, NATIONAL, MMR)
FRIDAY
12TH June 20
CREDAI-MCHI NEWS
1. MagicBricks
Headline:
'Mission Police Station' - Doctors setup preliminary check-up at the police stations of Mumbai
Link:
https://content.magicbricks.com/property-news/industry-buzz/mumbai-industry-buzz/mission-police-station---doctors-setup-preliminary-check-up-at-the-police-stations-of-mumbai/113900.html
A joint venture of CREDAI-MCHI, Bharatiya Jain Sanghatana and Desh Apnayen under the guidance of the MCGM; a team of doctors have successfully screened and treated more than 60 police stations including Malad, Ghatkopar, Tilaknagar, Thane and Dombivli police stations. We can proudly say that a thorough check-up of the police team has been done by our team of doctors. CREDAI-MCHI, Bharatiya Jain Sanghatana and Desh Apnayen have launched this commendable initiative to eradicate this pandemic and the efforts put in, have been deeply appreciated by the MCGM and other Officials.
2. Mumbai Live
Headline:
Doctors In Mumbai Conduct Screening And Treatment At Police Stations
Link:
A joint venture of CREDAI-MCHI, Bharatiya Jain Sanghatana and Desh Apnayen under the guidance of the MCGM; a team of doctors have successfully screened and treated more than 60 police stations including Malad, Ghatkopar, Tilaknagar, Thane and Dombivli police stations. We can proudly say that a thorough check-up of the police team has been done by our team of doctors. CREDAI-MCHI, Bharatiya Jain Sanghatana and Desh Apnayen have launched this commendable initiative to eradicate this pandemic and the efforts put in, have been deeply appreciated by the MCGM and other Officials.
3. लोकमत
Headline
‘मिशन पोलीस स्टेशन’ – प्राथमिक तपासणीसाठी डॉक्टर आपल्या दारीची टीम पोहोचत आहे पोलीस स्टेशनमध्ये
Link
https://www.lokmat.com/thane/medical-examination-police-mumbai-and-thane-districts-under-doctor-your-doorstep-campaign-a301/
कोविड वॉरिअर्समध्ये डॉक्टर, पोलीस, शासकीय कर्मचारी यांचा समावेश आहे. आज डॉक्टर आपल्या दारीची टीम थेट पोलीस स्टेशनमध्ये पोहोचली. कारण होते प्राथमिक तपासणी. मुंबईकरांच्या रक्षणासाठी पोलीस अहोरात्र मेहनत करत आहेत. कोविडवर विजय मिळवण्यासाठी पोलीस आज कार्यरत आहेत. त्यातच या युद्धात अनेक विरांना आपला जीव गमवावा लागला आहे. त्यामुळे त्यांची प्राथमिक तपासणी होणे गरजेचे आहे.
4. एबीपी माझा
Headline:
‘मिशन पोलीस स्टेशन’ – प्राथमिक तपासणीसाठी डॉक्टर आपल्या दारीची टीम पोहोचत आहे पोलीस स्टेशनमध्ये
Link:
https://marathi.abplive.com/news/mumbai/mission-police-station-the-team-of-doctor-aplya-dari-went-directly-to-the-police-station-for-primary-checkup-779017
प्रत्येकाची प्राथमिक तपासणी झाली तर आपण कोरोनापासून सुरक्षित अंतरावर राहू शकतो हा विचार पुढे आणत क्रेडाई-एमसीएचआय, भारतीय जैन संघटना आणि देश अपनाये यांच्या संयुक्त विद्यमाने महापालिकेच्या मार्गदर्शनाखाली 'डॉक्टर आपल्या दारी' हा उपक्रम यशस्विरित्या राबविण्यात येत आहे. आतापर्यंत मालाड, घाटकोपर, टिळकनगर पोलीस स्टेशन, ठाणे आणि डोंबिवलीतील पोलीस स्टेशनसह जवळ 60 हून अधिक पोलीस स्टेशनला टीमने भेट देत पोलिसांची प्राथमिक तपासणी केली आहे. या स्तुत्य उपक्रमामुळे पोलिसांकडून टीमला कौतुकाची थाप मिळत आहे.
5. ई टीव्ही भारत
Headline
‘मिशन पोलीस स्टेशन’ – प्राथमिक तपासणीसाठी डॉक्टर आपल्या दारीची टीम पोहोचत आहे पोलीस स्टेशनमध्ये
Link
कोविड वॉरिअर्समध्ये डॉक्टर, पोलीस, शासकीय कर्मचारी यांचा समावेश आहे. आज डॉक्टर आपल्या दारीची टीम थेट पोलीस स्टेशनमध्ये पोहोचली. कारण होते प्राथमिक तपासणी. मुंबईकरांच्या रक्षणासाठी पोलीस अहोरात्र मेहनत करत आहेत. कोविडवर विजय मिळवण्यासाठी पोलीस आज कार्यरत आहेत. त्यातच या युद्धात अनेक विरांना आपला जीव गमवावा लागला आहे. त्यामुळे त्यांची प्राथमिक तपासणी होणे गरजेचे आहे.
6. मुंबई लाइव्ह
Headline:
‘मिशन पोलीस स्टेशन’ – प्राथमिक तपासणीसाठी डॉक्टर आपल्या दारीची टीम पोहोचत आहे पोलीस स्टेशनमध्ये
Link:
प्रत्येकाची प्राथमिक तपासणी झाली तर आपण कोरोनापासून सुरक्षित अंतरावर राहू शकतो हा विचार पुढे आणत क्रेडाई-एमसीएचआय, भारतीय जैन संघटना आणि देश अपनाये यांच्या संयुक्त विद्यमाने महापालिकेच्या मार्गदर्शनाखाली 'डॉक्टर आपल्या दारी' हा उपक्रम यशस्विरित्या राबविण्यात येत आहे. आतापर्यंत मालाड, घाटकोपर, टिळकनगर पोलीस स्टेशन, ठाणे आणि डोंबिवलीतील पोलीस स्टेशनसह जवळ 60 हून अधिक पोलीस स्टेशनला टीमने भेट देत पोलिसांची प्राथमिक तपासणी केली आहे. या स्तुत्य उपक्रमामुळे पोलिसांकडून टीमला कौतुकाची थाप मिळत आहे.
7. ET REALTY
Headline:
Realtors' associations join hands to raise issues, seek relief from government
Link:
This is the first time associations of developers across India have come together to form a common platform to urge the government to support the sector, which is the second largest employment generator after agriculture.
“This is one of our last efforts to reach out to the government to seek support peacefully. Most developers are now getting into agitation mode and we may collectively resort to those methods if the sector continues to be ignored,” said Rajesh Prajapati, committee member, Maharashtra Chamber of Housing Industry (MCHI)-CREDAI, the umbrella body of developers in Maharashtra.
Ajay Ashar, member of the CREDAI-MCHI MMR Action Committee, said the sector had great expectations from the government but was disappointed when the Rs 20 lakh crore package was announced for the economy. “Restructuring of loans is very important. Home loan rates need to be reduced. Despite frequent repo rate cuts by the Reserve Bank of India (RBI), no major benefit has been passed on to borrowers. The economy will revive only if our industry rolls,” he said.
8 Free Press Journal
Headline:
Ailing realty sector sees a silver lining after MHADA cuts premium, defers payment of development cess for 2 years
Link:
https://www.freepressjournal.in/mumbai/ailing-realty-sector-sees-a-silver-lining
As good news for the ailing realty sector, the state-run Maharashtra Housing and Area Development Authority (MHADA) has reduced the premium payable by developers undertaking the redevelopment of its colonies. Further, the development cess payable by the developers will not be recovered for 2 years.
MHADA, which is now a planning authority, has proposed a stamp duty of Rs 1,000 for the tripartite agreement to be executed for the redevelopment of BrihanMumbai Municipal Corporation’s (BMC) old and dilapidated buildings. In addition, it has come out with an installment policy for the payment of various premiums payable to it.
Housing Minister Jitendra Awhad told the Free Press Journal, “MHADA has sent these proposals to the state government after the discussions held three months ago with realty sector bodies, including CREDAI-MCHI and NAREDCO. The government notification is expected within 72 hours. These decisions will provide a much needed relief to the realty sector for its revival.’’
9. Times of India
Headline:
With 1,100 beds, Nesco to be key Covid centre, plans to multiply capacity to 3,000
Link
MUMBAI: Known for hosting some of the city’s grandest exhibitions,
Nesco ground in Goregaon is gearing to be a major Covid-19 treatment
centre in the suburbs. On Wednesday, 821 beds will get operational in
addition to the first lot of 285 commissioned on June 2. The ultimate plan is to make it a 3,000-bed facility— probably one of the biggest field
hospitals in the world.
The transformation of halls to a dedicated Covid health centre with nursing stations, contactless booths for doctors, oxygen
pipelines and areas for donning and doffing of PPEs took a few weeks. “Doctors will stay in the booth and communicate with
patients through phone. They will enter data in software that the control room will access.” When Cyclone Nisarga led to
shifting of patients from BKC’s Covid centre, developer Domnic Romell, who built the facility, and Dr Andrade were anxious. “To
our relief, the structure withstood the wind. Now, we are sure it can face Mumbai rains ,” said Romell.
10. Mumbai Live
Headline:
Nesco To Be A Pivotal COVID-19 Centre, Plans To Multiply Capacity
Link:
MUMBAI: Known for hosting some of the city’s grandest exhibitions,
Nesco ground in Goregaon is gearing to be a major Covid-19 treatment
centre in the suburbs. On Wednesday, 821 beds will get operational in
addition to the first lot of 285 commissioned on June 2. The ultimate plan is to make it a 3,000-bed facility— probably one of the biggest field
hospitals in the world.
INDUSTRY NEWS
1. HINDUSTAN TIMES
Headline:
SC order to reduce interest rate on land dues a setback for Noida, Greater Noida authorities
Link:
The Supreme Court order that the Noida and Greater Noida authorities should charge only 8% interest on default payments of housing land dues instead of the existing 15-23% will negatively affect their financial health, said officials of the two industrial bodies, reacting on the Wednesday order of the apex court.
The landmark order, however, has made real estate developers happy as it would considerably lessen their debt burden. The real estate sector in Delhi-NCR has been reeling under huge financial pressure due to the economic slowdown and the losses incurred due to the imposition of the national lockdown to stop the spread of coronavirus disease (Covid-19) pandemic.
2. CONSTRUCTION WEEK ONLINE
Headline
Green buildings: From crimson to green
Link
https://www.constructionweekonline.in/business/13738-green-buildings-from-crimson-to-green
For long, green buildings were spoken of fashionably. The impression given to the listener was that it was an elite thing. Few contended. That is because more people thought it was an expensive affair and beyond their means. It was only when reams were written and interviews were
published on officials of members of the Green Building Council did people fathom and get an inkling of green buildings.
But then, why the secrecy? If it is meant to benefit mankind and usher in a new era of construction, shouldn’t the information be scattered around? For some time, Construction Week has always sought to do the right thing by writing about green buildings and their benefits. We thought we would go one step further.
We brought in some of the promoters of green buildings in a webinar to understand how India can go green.
3. ECONOMIC TIMES
Headline:
Buyers waiting for price correction, discounts to buy homes
Link:
At a time when developers are criticising the advice to reduce property prices to clear their inventories, buyers are waiting for further price correction and discounts to buy their dream homes, two surveys revealed. According to two independent surveys conducted by property portals Commonfloor and Nobroker, a significant number of prospective buyers are hoping for further price reduction and more discounts.
Recently, in a virtual closed-door meeting held with Naredco members, Union Commerce Minister Piyush Goyal had urged developers to sell their inventories at reduced rates or else they would end up defaulting on their payments. "...if any of you here feel that the government will be able to finance you in such a way that you can hold longer and wait for the market to improve, the market is not improving in a hurry. Things are seriously stressed and your best bet is to sell," Goyal had said. Veteran bankers, including HDFC Chairman Deepak Parekh and Kotak Mahindra Bank Executive Vice-Chairman and MD Uday Kotak, had 
also pointed out that developers should sell off inventories by lowering property prices.
According to Nobroker survey of around 11,580 prospective home buyers from cities like Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-NCR, 54 per cent respondents are expecting a significant reduction in property prices as the market currently has a lot of unsold inventory and construction of new projects is disrupted.
4. Live Mint
Headline
Time to shed conservatism and take bold decisions: PM Modi
Link
Prime Minister Narendra Modi on Thursday said the coronavirus pandemic has taught the country the lesson to become self-reliant,
exhorting the Indian industry to take bold decisions to covert the crisis into an opportunity rather than remaining conservative.
Addressing the annual session of the Kolkata based industry lobby Indian Chamber of Commerce, Modi said time has come to take Indian economy from command and control to plug and play. “This is not the time for conservative approach rather to take bold decisions and bold investments going forward. This is the time to build a globally competitive domestic supply chain. For this, industry has to help all its existing stakeholders of its supply chain to come out of the crisis and handhold them for greater value addition," he added.
Modi said India must convert the crisis into an opportunity and make it a turning point to build a self-reliant India in sectors such as medical equipment, defence manufacturing, core and minerals, edible oils, fertilisers, electronic manufacturing, solar panels, batteries, chip manufacturing and aviation sector.
5. Financial Express
Headline
Best time to buy a home; houses priced below Rs 60 lakh in greater demand: Survey
Link
The Covid-19 pandemic has impacted almost every sector and industry across the world, including real estate. However, as there lie some opportunities in every crisis, the Coronavirus pandemic too looks no
different, and many believe that it may be a good time to buy one’s dream home because of various reasons. So, is it really so?
According to a recent survey conducted by Nobroker.com, 65% of homebuyers believe that it is the best time to buy a home as property prices have been constant for a few years, home loan interest rates are low and many builders are offering great discounts. With most professionals working from home with greater time at their disposal, they have the much-needed time to do the preliminary research.
6. THE HINDU
Headline
PSBs disburse ₹12,201 crore loan to MSMEs under emergency credit line scheme
Link
The Finance Ministry on Thursday said public sector banks have disbursed Rs 12,200.65 crore till June 9, under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown.
Public Sector Banks (PSBs) have sanctioned loans worth Rs 24,260.65 crore under the 100 percent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by Finance Minister Nirmala Sitharaman last month.
"As of 9 June 2020, #PSBs have sanctioned loans worth Rs 24,260.65 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 12,200.65 crore have been disbursed," Sitharaman said in a tweet.
