RBI reduces repo rate by 25 basis points to 6.25%

RBI

By Rohit Sharma NEW DELHI: The Reserve Bank of India’s Monetary Policy Committee (MPC) Thursday reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent. The MPC also decided to change the monetary policy stance from calibrated tightening to neutral. Repo

Arvind announce JV with Polser for construction industry materials

By Rohit Sharma Arvind Ltd on Wednesday has entered into a joint venture (JV) with Polser AS (Turkey) – a global leader in laminated composite panels – for manufacturing corrugated and plain fibreglass sheets to serve the construction industry in India and abroad. The joint venture combines Polser’s world-class technological prowess with the

New Chapter: housing societies can conduct elections if less than 200 members

By Rohit Sharma MUMBAI: Now, the housing society can self-conduct elections of the committee if the society has less than or up to 200 Members, according to Maharashtra Co-operative Societies (Third Amendment) Act, 2018. “The Governor of Maharashtra was satisfied that circumstances existed which rendered it necessary for him to take immediate action further

Maharashtra Housing Development Corporation to construct 5 lakh affordable houses

By Rohit Sharma MUMBAI: The Maharashtra Housing Development Corporation (Maha Housing) will construct 5 lakh affordable houses for the economically weaker sections, lower income groups and middle-income group by 2022, and every project will have at least 5,000 homes. A Cabinet meeting was held on Tuesday in which it approved Maha Housing to develop large colonies

Plumbing market in India Rs 33,000 Cr, growing at 15% per year: Indian Plumbing Association

By Rohit Sharma MUMBAI: Plumbing Industry, approximately 12% to 13% of the Construction cost is attributed to plumbing and part of every construction whether HIG, MIG or LIG, it is an important stream and an integral part of the construction, an official of Indian Plumbing Association said. Gurmit Singh Arora, National President, IPA said,

GST & Pre-EMI setback for under construction projects

  By Rohit Sharma MUMBAI: The under-construction real estate projects or newly launched projects have stuck across the country mainly in Delhi-NCR, Noida and Greater Noida, no home buyers make effort to invest into under construction projects after developers providing several benefits. Why is it so? Senior Advocate Dr. Sanjay Chaturvedi said, “GST and