Maharashtra cuts 50% FSI for commercial or mixed used plots

By Abhay Harish Shah , Realty Quarter As towns are getting populated and it makes living so congested the state government has planned to reduce basic Floor Space Index also known as FSI by 50%. This rule is majorly for commercial, mixed-use and industrial plots in unified development control regulations (DCR). They say that FSI of big residential plots can […]

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Service Tax charged on Redeveloped projects done by Developers

Service Tax charged on Redeveloped projects done by Developers

By Abhay Harish Shah , Realty Quarter Again a new problem arose for the real estate people. A developer redevelops a society and delivers the apartment to its original owners for free of cost. The tax department wants to impose service tax on those projects which have been redeveloped and delivered. The Indirect tax department has issued about 400 notice […]

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GST dropped from 12% to 5% on Under-Construction Houses

GST

By Realty Quarter Bureau Buying a House has become a nightmare especially for neo-middle & middle-class people. But, it looks like things are going to be changed. As per the latest news, The Goods and Service Tax (GST) are going to be slashed from 12% to 5% on under construction houses. The new rate will be effective from April 1st […]

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Navi Mumbai is Going to get its Coastal Road worth Rs.273-cr

By Abhay Harish Shah City and Industrial Development Corporation of Maharashtra also known as CIDCO is planning to build a coastal road which will connect Kharghar with Belapur at an estimated cost of Rs 273 crore. The authority said on Friday that the 9.5km stretched road is going to be developed in two phases also the tenders will be bid […]

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Realty Quarter announced “Real Estate Industry Leadership Awards 2019” in Mumbai on 2nd March 2019 |

By Realty Quarter REALTY QUARTER celebrate the highest achievements done by the companies & individuals serving the real estate sector & construction industry. The awards recognize and salute to the excellence and commitment practicing in the industry. Objective of these awards is to promote highest level of professionalism, provide benchmark for best practices, raise industry standards, reinforce the value and […]

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Top 10 Interior Design Ideas for Modern Indian Homes

Be it a high-rise apartment in the suburbs or a bungalow in a quiet corner of the city, Indian homes always reflect an elegant look a vibrant presence. When it comes to interior decor, Indian homes are based more on the rich heritage. With time, Indian home owners have also adapted the innovative, and inspiring designing concepts to make their […]

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Asian Paints net profits shows growth 35% in Q1 FY19

By Realty Quarter Bureau Asian Paints has registered a growth of 35 per cent in its net profit during the quarter ending June 2018. Its profit after tax (PAT) stood at Rs 542.63crore as against Rs 400.86crore it recorded in the corresponding quarter last year. Its net income was Rs 3,775.10crore during a said quarter, a 3 per cent rise from […]

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Shree Cement incorporated two investments firms in Dubai

By Realty Quarter Bureau Shree Cements today informed that it has incorporated two step-down subsidiaries in Dubai International Financial Centre, which would act as investment companies for the group. Shree Global FZE, a wholly-owned subsidiary of the company in Jebel Ali Free Zone, Dubai, has incorporated Shree Enterprises Management and Shree International Holding. The two incorporated companies will act as investment companies for acquiring […]

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Housing schemes needs to push steel demand: Steel Minister

By Realty Quarter Bureau Demand for steel is expected to grow for meeting the needs of the state-run flagship schemes like Make in India, housing projects and the defence sector, said Union Steel Minister Chaudhary Birender Singh on Friday. “Demand for value-added and sophisticated grade of steel is expected to grow to meet the needs of state initiatives like Make in India, Pradhan […]

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