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NewsLetter 26th June 20

 

DAILY NEWSLETTER

(CREDAI-MCHI, NATIONAL, MMR)

FRIDAY

26th  June 20

 

CREDAI – MCHI NEWS

 

Samana

Headline

 

कोरोनाचा एकही रुग्ण स्क्रिनिंगमधून निसटणार नाही! 'मिशन झिरो'चे महापौरांच्या हस्ते उद्घाटन

 

Link:

https://www.saamana.com/mumbai-mission-zero-mayor-kishori-pednekar/

 

Outlook

 

Headline:

Now, Dharavi Covid-19 strategy being replicated in north Mumbai

Link:

https://www.outlookindia.com/newsscroll/now-dharavi-covid19-strategy-being-replicated-in-north-mumbai/1877000

Mumbai, June 25 (IANS) Taking a leaf from the success against Covid-19 notched up in Asia''s largest slum Dharavi, the BrihanMumbai Municipal Corporation (BMC) is now implementing a similar strategy for the north-east and north-west suburbs of Mumbai, currently in the grip of the deadly coronavirus, an official said here on Thursday.

The Rapid Action Plan (RAP), found effective in Dharavi and Worli in the public-private-partnership model, is being implemented in Mulund-Bhandup and Dahisar-Borivali-Kandivali-Malad suburbs which continue to record an alarming number of cases daily.

"As in Dharavi and Worli, we shall focus on containing the spread of Covid-19 with a series of initiatives in these suburbs and screening at least 10,000 homes in each Ward to cover over 25 lakh people next week," said an official.

The BMC is collaborating with local doctors, the realtors'' body CREDAI-MCHI, NGOs Bharatiya Jain Sanghatana and Desh Apnaye Foundation for this dedicated drive in the suburbs.


Deccan Herald

 

Headline:

Dharavi model to limit Covid-19 transmission to be implemented in Mumbai's suburbs

Link:

https://www.deccanherald.com/national/west/dharavi-model-to-limit-covid-19-transmission-to-be-implemented-in-mumbais-suburbs-853624.html

BMC has tied up with local doctors,  CREDAI-MCHI,  Bharatiya Jain Sanghatan,  Desh Apnaye Foundation,  who are helping out in providing mobile vans, medicines etc, while swab-testing, isolation and quarantine facilities are being looked after by BMC....

Zee News

 

Headline:

BMC adopts ‘Dharavi model’ to contain coronavirus COVID-19 in Mumbai’s northern suburbs

Link:

https://zeenews.india.com/maharashtra/bmc-adopts-dharavi-model-to-contain-coronavirus-covid-19-in-mumbai-s-northern-suburbs-2291913.html

 Dharavi model of foraging public-private partnerships with various civil society organizations is being replicated in suburbs too.  BMC has tied up with local doctors,  CREDAI-MCHI,  Bharatiya Jain Sanghatan,  Desh Apnaye Foundation,  who are helping out in providing mobile vans, medicines etc, while swab testing, isolation and quarantine facilities are being looked after by BMC.

 

Live Mint

 

Headline:

Dharavi Covid-19 strategy to be replicated in north Mumbai, says BMC

 

Link:

https://www.livemint.com/news/india/dharavi-covid-19-strategy-to-be-replicated-in-north-mumbai-says-bmc-11593081134811.html

MUMBAI : Taking a leaf from the success against Covid-19 notched up in Asia's largest slum Dharavi, the BrihanMumbai Municipal Corporation (BMC) is now implementing a similar strategy for the north-east and north-west suburbs of Mumbai, currently in the grip of the deadly coronavirus, an official said here on Thursday.

The BMC is collaborating with local doctors, the realtors' body CREDAI-MCHI, NGOs Bharatiya Jain Sanghatana and Desh Apnaye Foundation for this dedicated drive in the suburbs.

 

Global Prime News

 

Headline:

‘Mission Zero’ Kick Started in South Mumbai

Link:

https://globalprimenews.com/2020/06/25/mission-zero-kick-started-in-south-mumbai/

MUMBAI, 25 JUNE, 2020 (GPN): In order to reduce the number of Covid patients to zero, this initiative has been started today by Hon’ble Mayor Mrs KishorijiPednekar. The ‘Mission Zero’ initiative has now been launched in South Mumbai in collaboration with the Greater Mumbai Municipal Corporation, Bhartiya Jain Sanghtana (BJS), DeshApnayenand CREDAI-MCHI to curb the growing corona outbreak.

 

Business Today

 

Headline:

After success against COVID-19, BMC to emulate 'Dharavi model' in other Mumbai hotspots

 

Link:

As done in Dharavi, the massive exercise will be held under a public private partnership with various civil society organisations, like CREDAI-MCHI, Bharatiya Jain Sanghatan and Desh Apnaye Foundation, etc, and tying up with local doctors. While these NGOs

 

help in providing mobile vans, medicines, etc, BMC will take care of swab testing, isolation and quarantine facilities, said official sources.

 

Sakal

 

Headline:

७० वर्षांवरील नागरिकांच्या चाचणीसाठी बाएमसीचा नवा नियम; जाणून घ्या महत्वाची बातमी

 

Link:

https://www.esakal.com/mumbai/bmc-now-those-over-70-years-can-undergo-covid-testing-without-prescription-312334

 

Lokmat

 

Headline:

नऊ हजार पोलिसांची फिरत्या डिस्पेंसरीद्वारे होणार तपासणी

 

Link:

https://www.lokmat.com/thane/coronavirus-nine-thousand-policemen-will-be-examined-mobile-dispensary-a299/

 

Lokmat

 

Headline:

दक्षिण मुंबईतील हॉटस्पॉटकडे पुन्हा मोर्चा, पालिकेचे मिशन झिरो

Link:

 

https://www.lokmat.com/mumbai/morcha-again-hotspot-south-mumbai-municipal-mission-zero-a299/

 

 Loksatta

 

Headline:

रुग्णशोध मोहीम

 

Link:

https://www.loksatta.com/mumbai-news/mumbai-municipal-corporation-undertook-mission-zero-campaign-to-eradicate-corona-infection-zws-70-2197776/

मुंबई : करोना संसर्गाच्या निर्मूलनासाठी मुंबई महापालिकेने ‘मिशन झिरो’ मोहीम हाती घेतली असून वरळी, अ‍ॅन्टॉप हिल, डोंगरी, वडाळा, चर्नी रोड, गिरगाव, फोर्ट, कुलाबा, दादरमधील रुग्णांच्या शोधार्थ मोबाइल क्लिनिक व्हॅनद्वारे ‘डॉक्टर आपल्या दारी’ हा उपक्रम राबविण्यात येणार आहे. या उपक्रमाचे उद्घाटन महापौर किशोरी पेडणेकर यांच्या हस्ते गुरुवारी करण्यात आले.

करोना रुग्णांची संख्या शून्य करण्याच्या दृष्टीने मुंबई महापालिका, भारतीय जैन संघटना, क्रेडाई – एमसीएचआय आणि देश अपनाये यांच्या संयुक्त विद्यमाने ‘मिशन झिरो’ मोहीम राबविण्यात येत आहे. या मोहिमेअंतर्गत सात मोबाइल क्लिनिक व्हॅनद्वारे ‘डॉक्टर आपल्या दारी’ हा उपक्रम दक्षिण मुंबईत राबविण्यात येत आहे. या उपक्रमाचे उद्घाटन महापौर किशोरी पेडणेकर यांच्या हस्ते गुरुवारी हरी बाग, मगन बाग कंपाऊंड, जैन मंदिराजवळ, सीताराम जाधव मार्ग, लोअर परळ (पश्चिम) येथे करण्यात आले.

 

MB TV

 

Headline:

Mumbai developers to start online property registration

 

Link:

https://www.facebook.com/watch/live/?v=655111385215925&ref=watch_permalink

 

E Jayashree Kurup, Editor-in-Chief, MBTV speaks to Nayan Shah, President, CREDAI MCHI and Raajesh Prajapati, Founder President, CREDAI-MCHI, Raigad

 

BloomBerg Quint

 

Headline:

India’s Real Estate Sector Isn’t Too Worried About Curbs On Chinese Imports
 

Link:

https://www.bloombergquint.com/business/indias-real-estate-sector-isnt-too-worried-about-curbs-on-chinese-imports

Indian builders don’t expect to be affected by the government’s proposal to increase duties on imports from China amid a deadly border standoff. The real estate sector, which contributes nearly a tenth to India’s gross domestic product, imports around 10% of its materials, most of which is from China, according to Nayan Shah, president of Credai-MCHI, the Maharashtra unit of the developers’ lobby, and chief executive officer of Mayfair Housing, said many developers have already started looking at solutions. “There will be a substantial deduction in imports from China, he said. “However, certain raw or construction materials for which is there are no other alternatives like high-speed MEP (mechanical, electr

 

 

Lokmat

 

Headline:

घरांचे ई-रजिस्ट्रेशन कागदावरच, सरकारने आदेश काढले

Link:

https://www.lokmat.com/mumbai/e-registration-paper-houses-only-government-issued-order-a299/

 

RBI

 

Times of India

 

Headline:

Cos viable before Covid may get one-time rejig option: FM

Link:

https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIM%2F2020%2F06%2F26&entity=Ar01716&sk=2EF8782D&mode=text

Chennai: The finance ministry has initiated steps for a one-time restructuring for businesses that were viable in the pre-Covid period, but are struggling under the weight of the pandemic, the government said on Thursday. While the government has announced stimulus packages for various sectors, some businesses that were viable before the pandemic have not got fiscal support. “We are in intense engagement with the RBI for a one-time restructuring of debt and finances for businesses,” Union finance minister Nirmala Sitharaman said. The process to ascertain the characteristics of stress, whether they are Stress 1or Stress 2 or NPA, is under way, she said. The idea is to help businesses to exit the situation honourably, she said.

At the macro level, the Financial Stability Development Council (FSDC) does stress tests based on three assumptions — baseline, medium and severe stress. Last month, in an interview to TOI, SBI chairman Rajnish Kumar had said that he expects the stress in the economy to be between the baseline and medium level. Although businesses are saved from a default tag until end August 2020, on the back of the moratorium allowed by the RBI, banks have been doing a stress test on individual accounts to determine how they will perform once the moratorium is lifted.

 

Financial Express

 

Headline:

5 things Modi government should do to revive real estate

Link:

https://www.financialexpress.com/money/5-things-modi-government-should-do-to-revive-real-estate/2003797/

Given the current economic scenario in the country, which earlier was undergoing a slowdown and now has been hit by the COVID -19 pandemic, both the government and the RBI have done much to provide adequate support to the sector. From launching the Alternative Investment Fund (AIF) to giving last-mile funding to stuck projects, to introducing various measures offering succour to both developers and buyers, this proactive approach has been hailed by all, across sectors.

 

Economic Times

 

Headline:

Real estate sector not looking for subsidy but some govt support needed: Prestige Group

 

Link:


http://economictimes.indiatimes.comhttps://economictimes.indiatimes.com/markets/expert-view/real-estate-sector-not-looking-for-subsidy-but-some-govt-support-needed-prestige-group/printarticle/76625440.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Despite the lockdown you have managed to reach and some cases go beyond the guidance which you had given for FY20. Are you giving any guidance for FY21 now or will you be playing it by the ear and see how things pan out?
For FY21, we have stopped giving any guidance because these are very uncertain times and it is very difficult to predict what is going to happen in the next week or maybe even next day. So, we are trying to play it by ear but at the same time, we are not stop ..

 

Financial Express

 

Headline:

As real estate sector sees supply-demand hiccups; three stocks to buy with as much as 24% upside 

 

Link:

https://www.financialexpress.com/market/as-real-estate-sector-sees-supply-demand-hiccups-three-stocks-to-buy-with-as-much-as-24-upside/2003833/
 With Rs 6.70 lakh crore worth inventory standing unsold in just 7 cities across the country, it is fair to say that the real estate sector has been at the receiving end of demand and supply shock. The sector has seen massive changes in the last few years, be it demonetization, homebuyers’ dented confidence, and now the coronavirus pandemic. However, brokerage and research firm JM Financial, while initiating its coverage of the real estate sector has listed three stocks that might fare well for investors. JM Financial in a recent report said that the real estate sector will witness consolidation with listed developers gaining market share and some amount of pricing power.

 

ECONOMIC TIMES

 

Headline

Housing sales may dip 81%, new launches expected to fall 98%, says report

 

Link

 https://www.business-standard.com/article/current-affairs/housing-sales-may-dip-81-new-launches-expected-to-fall-98-says-report-120062500922_1.html

Housing sales are estimated to decline by 81 per cent to 12,740 units during April-June period of this calendar year due to Covid-19 pandemic and subsequent lockdown, property consultant Anarock said on Thursday. As many as 68,600 units were sold during April-June 2019 across seven major cities - Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata, Anarock said in a report.

New launches may plunge by 98 per cent to only 1,390 units as against nearly 69,000 units in the corresponding period of 2019. 

 

CITY

 

HINDUSTAN TIMES

 

Headline:

Realty sales in Mumbai Metropolitan Region dip 74% this quarter, reveals survey

 

Link:

https://www.hindustantimes.com/mumbai-news/realty-sales-in-mumbai-metropolitan-region-dip-74-this-quarter-reveals-survey/story-oYgTGph74lNlMgH0Z0CozN.html

Not a single realty project was launched in the Mumbai Metropolitan Region (MMR) in the second quarter (April to June) of the year owing to the Covid-19 outbreak and the ensuing lockdown. The sales in the region, too, saw a decline of 74% from the previous quarter (January to March) and 83% from the second quarter of 2019, a survey conducted by real estate consultancy firm ANAROCK Property Consultants revealed.

Many real estate experts termed this period as one of the worst phases in the history of the sector. “A massive drop both in new launches as well as in home sales was expected owing to a complete lockdown for most of this quarter,” said Anuj Puri, chairman of ANAROCK.

 

HINDUSTAN TIMES

Headline:

‘Realty sales in MMR dip 74% thisquarter’

Link:

https://epaper.hindustantimes.com/Home/ShareArticle?OrgId=2665185ee62&imageview=0

Mumbai : Not a single realty project was launched in the Mumbai Metropolitan Region (MMR) in the second quarter (April to June) of the year owing to the Covid-19 outbreak and the ensuing lockdown. The sales in the region, too, saw a decline of 74% from the previous quarter (January to March) and 83% from the second quarter of 2019, a survey conducted by real estate consultancy firm ANAROCK Property Consultants revealed.

Many real estate experts termed this period as one of the worst phases in the history of the sector. “A massive drop both in new launches as well as in home sales was expected owing to a complete lockdown for most of this quarter,” said Anuj Puri, chairman of ANAROCK.

 

 

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