Category: Current Affairs

Old Building

Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.

August 1, 2019

By Abhay Shah, Realty Quarter Housing Minister Radhakrishna Vikhe Patil said on Wednesday that his Government will approach the ministry of shipping and surface transport for the 100-acre Mumbai Port Trust to build transit camps to provide alternative accommodation for “dangerous” building occupants. “The government decided to redevelop the 500-odd hazardous buildings in the city after […]

Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.more
NRI Investment

Important things to know by NRIs before taking a home loan in India.

By Abhay Shah, Realty Quarter The Indian real estate market provides non-resident Indians (NRIs) a profitable investment opportunity. NRIs are also permitted to purchase property in India, through home loans, just like residents of India. But for NRIs and resident Indians, the rules on home loans are not the same. Therefore, key distinctions are essential […]

Important things to know by NRIs before taking a home loan in India.more
mhada

MHADA to amend laws to accelerate the redevelopment of cessed buildings.

July 30, 2019

By Abhay Shah, Realty Quarter The Maharashtra Housing and Area Development Agency (MHADA) is taking measures to expedite the redevelopment of the cessed buildings in the island city, as a matter of urgency, following the death of 11 individuals in the Kesarbai building collapse in Dongari on 16 July. The MHADA proposed new legislation on the […]

MHADA to amend laws to accelerate the redevelopment of cessed buildings.more
Raheja developers

Raheja Developers failed to make the payment, faces insolvency proceedings.

By Abhay Shah, Realty Quarter Raheja Developers, a Delhi-based builder, is in a situation of insolvency as per Section 9 of the Insolvency and Bankruptcy Code 2016, which has been ordered by the National Company Law Appellate Tribunal (NCLAT) to acknowledge the case. In a complaint lodged by an operational creditor, Ahluwalia Contracts (India), the appellate tribunal […]

Raheja Developers failed to make the payment, faces insolvency proceedings.more
Under-construction Building

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.

By Abhay Shah, Realty Quarter The landmark verdict of the Supreme Court on Amrapali developers lifted the hopes of house buyers who are futilely waiting for their houses to be delivered. While similar developments are waiting for about other stuck projects, the Apex Court has established a precedent with a resounding message – compliance or […]

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.more
Commercial Property

Things to know to generate best return from a Commercial Property Investment.

By Abhay Shah, Realty Quarter Real estate investment, particularly in residential properties, is very popular with investors. However, there are far more benefits and opportunities available for investment in commercial spaces than residential properties.   Commercial properties rental yields: Commercial and residential properties characteristics are dynamically very distinct. Investors usually trade a commercial property on a return basis. […]

Things to know to generate best return from a Commercial Property Investment.more
GST

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.

By Abhay Shah, Realty Quarter The Ministry of Finance on Monday has announced that the owners of the apartment will pay 18% GST if the maintenance costs paid to the resident welfare association (RWA) exceed Rs 7,500 a month. “A waiver was accessible until 25 January 2018 when contribution charges or share were not higher than Rs […]

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.more