Category: Current Affairs

Benjamin Netanyahu collaboration with India

Benjamin Netanyahu invites Indian realtors to collaborate on projects with Israeli companies.

August 7, 2019

By Abhay Shah, Realty Quarter On Tuesday Israel’s Prime Minister Benjamin Netanyahu invited Indian real estate developers to collaborate with Israeli companies to increase efficiency and profitability. “When you partner with Israelis who want to associate with you in order to capture the future together, you can boost the productivity and profitability of your enterprises too,” Netanyahu said here through video messaging conference while addressing the apex body of the realty developer Credai. Israel and India are already working in collaboration in many fields like security, agriculture, cyber and IT, and now construction and real estate. […]

Benjamin Netanyahu invites Indian realtors to collaborate on projects with Israeli companies.more

NHSRCL submitted a tender for Mumbai-Ahmedabad Bullet Train project for the elevated station at Anand, Gujarat.

August 6, 2019

By Abhay Shah, Realty Quarter For the optimistic Mumbai-Ahmedabad Bullet Train project, the National High-Speed Rail Corporation Ltd (NHSRCL) has opened a tender, the third in 2019, with bids offered for a maintenance depot and an elevated station in Anand, Gujarat. With the recent tender, the company has invited offers to construct about 69% (348 km) of […]

NHSRCL submitted a tender for Mumbai-Ahmedabad Bullet Train project for the elevated station at Anand, Gujarat.more

How removal of Article 370 will influence the real estate sector in J&K and Ladakh?

By Abhay Shah, Realty Quarter On 5 August Home Minister Amit Shah proposed the removal of Article 370 which gives Jammu and Kashmir unique status. The Center has notified the Parliament that the Jammu and Kashmir (J&K) state will be divided into two Union Territories (UTs) – Jammu and Kashmir would become a Union Territory (UT) with a legislature […]

How removal of Article 370 will influence the real estate sector in J&K and Ladakh?more

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.

August 5, 2019

By Abhay Shah, Realty Quarter Blackstone Group, a private equity giant based in the USA, will purchase the remaining 50% share in commercial properties of Indiabulls Real Estate for about Rs 4,800 crore three people with direct knowledge of the development said. The deal is fixed as one of the biggest transactions in the country’s real estate portfolio. […]

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.more

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.

By Abhay Shah, Realty Quarter A builder cannot “force” a buyer to take over a ready house if it is postponed. The Supreme Court ordered that the client will seek a refund. Making an order from the National Consumer Disputes Redressal Commission to a builder based in Pune, the SC bench comprising Justices U U Lalit and Vineet Saran stated, “While the villa is ready to be occupied (as the appellants affirm), the delay of almost five years is an important factor and the negotiations can now be imposed on the participants. Therefore, […]

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.more

Income Tax Department conducts a raid on prominent real estate firm in Mumbai, Pune and identifies Rs 700cr as black money.

August 3, 2019

By Abhay Shah, Realty Quarter On 2nd of August, the income tax department disclosed raids on 40 premises of a real estate firm based in Mumbai claiming to have detected Rs 700 Crore worth of tax deception. The Central Board of Direct Taxes (CBDT), which frames tax policy, issued a declaration saying that the operation took place […]

Income Tax Department conducts a raid on prominent real estate firm in Mumbai, Pune and identifies Rs 700cr as black money.more

Delhi chief minister has announced to provide free electricity for all individuals consuming up to 200 units.

By Abhay Shah, Realty Quarter On August 1, 2019, Chief Minister Arvind Kejriwal announced free electricity for people consuming up to 200 units in a move a few months ahead of the Delhi assembly polls. Kejriwal said his government would offer complete subsidies for people using up to 200 units of electricity at a press […]

Delhi chief minister has announced to provide free electricity for all individuals consuming up to 200 units.more

Three years advance rent payable by developers under SRA projects: Maharashtra Government.

August 2, 2019

By Abhay Shah, Realty Quarter In the past, many slum residents underwent redevelopment complained that developers didn’t pay the rent amount for the accommodation for transit. For instance, More than 100 slum residents of the Dhobi Ghat slum rehabilitation project in Mumbai have been telling us that they have not received their monthly rental from the developer […]

Three years advance rent payable by developers under SRA projects: Maharashtra Government.more

The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).

By Abhay Shah, Realty Quarter On Thursday the centre approved the construction of nearly 1.4 lakh more homes under the Pradhan Mantri Awas Yojana, which would take more than 85 lakh houses to be built under this scheme. The Union Housing and Urban Affairs Ministry said that the approval of this decision was provided by […]

The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).more

The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.

August 1, 2019

By Abhay Shah, Realty Quarter Realtors’ body, NAREDCO (National Real Estate Development Council), stated that the proposed model tenancy legislation would greatly encourage rental housing if enforced in all states, and anticipated builders to build at least 50% of their total rental inventory in the next five years. A draft of “The Model Tenancy Act 2019” […]

The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.more

Category: Current Affairs

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