Redevelopment of Mumbai s old buildings hits Covid wall
The delay in the process of redevelopment projects, however, will still prove to be a key issue restricting the supply of housing and impacting the pricing, too.
Synopsis
These housing societies, which operate under the Maharashtra Co-Operative Societies Act 1960, are allowed to conduct managing committee meetings that usually deal with day-to-day administration of societies in both physical and virtual mode. The provision for virtual management committee meetings was introduced in April 2020, following the announcement of the lockdown by the government.
The ongoing Covid-19 pandemic has posed a major challenge to the redevelopment of old and dilapidated buildings in Mumbai, as housing societies in Maharashtra are not allowed to hold general or special general body meetings that enable important decisions.
How to make India’s bad bank workable
Many lenders have accumulated a large volume of stressed assets over the years. The NPA problem needs an urgent fix.Premium
9 min read
Ananth Narayan
Past experiments have failed because of design issues. Malaysia’s ‘Danaharta’ shows a viable way ahead
If stressed loans are transferred at too low a value, the recovery might deliver supernormal profits to buyers. This could be especially problematic if the buyers are in the private sector
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MUMBAI :
Given the large overhang of non-performing assets in our financial services ecosystem, there is a strong case for a one-time clean-up via a “bad bank Asset Reconstruction Company (ARC), as announced in this year’s Union Budget.
HDFC AMC’s outgoing MD Milind Barve on leadership and how Deepak Parekh inspired him
Barve says he has tried to make the culture at HDFC AMC as close as possible to that of HDFC’s
Milind Barve, MD, HDFC AMC
Milind Barve, 63, will retire from HDFC AMC on February 15, 2021. Barve has spent 20 years as the founding managing director at one of India’s the largest mutual fund houses. In a chat with Jash Kriplani and Kayezad Adajania, Milind Barve traces his journey with HDFC AMC and HDFC Ltd.
Playing the boss
Many people talk arrogantly and are seen as effective bosses. That is not my definition of an effective boss. You have to be aggressive in your thought process, you have to be aggressive in your strategies and how you drive people to achieve them.
Milind Barve is the longest-serving chief in the Rs 30 trillion Indian mutual fund (MF) industry. He will retire as the managing director of HDFC Asset Management Company (AMC) later this week.
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HDFC Chairman Deepak Parekh Settles Matter With Sebi; Pays Rs 9.37 Lakh As Settlement Charges Parekh has settled the matter by paying Rs 9.37 lakh towards settlement charges without admitting or denying the findings of fact and conclusions of law .
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Mortgage lender HDFC Ltd s Chairman Deepak Parekh has settled with markets regulator Sebi a matter of non-compliance with an erstwhile listing agreement. Parekh has settled the matter by paying Rs 9.37 lakh towards settlement charges without admitting or denying the findings of fact and conclusions of law .
The matter pertains to non-compliance with the erstwhile listing agreement by Parekh with respect to an Inter-Corporate Deposit (ICD) advanced by HDFC Ltd to Gliders Buildcon Realtors Pvt Ltd, a group company of Piramal Realty Pvt Ltd.