Category: Current Affairs

Demand for affordable housing in North Mumbai is increasing.

July 29, 2019

By Abhay Shah, Realty Quarter In the last few years, North Mumbai has seen fast growth. Infrastructure has been pivotal in promoting the real estate sector’s growth. The necessary push by the state government to develop infrastructure contributed the North Mumbai for becoming a place where real estate operations would take place. Enhanced connectivity to different parts of Mumbai, […]

Demand for affordable housing in North Mumbai is increasing.more

MMRDA receives approval to construct 3 new metro lines in Mumbai.

By Abhay Shah, Realty Quarter In the Mumbai Metropolitan Region, the Maharashtra cabinet sent out the green signal to three new Metro lines which would be finished by 2026. A declaration from the CMO (chief minister’s office) stated that the Mumbai Metropolitan Region Development Authority (MMRDA) would construct the three projects. The Gaimukh-Shivaji Chowk 9.2 km long Mira Road route […]

MMRDA receives approval to construct 3 new metro lines in Mumbai.more

Supreme Court cancels the registration of Amrapali and nominates NBCC for project completion.

By Abhay Shah, Realty Quarter On Tuesday, the Supreme Court told the state to take hard measures against erroneous developers, cancel their lease deeds on illegal situations, and maintains the delivery of projects within a time frame and gave an instance of Major Amrapali’s distressed real estate for siphoning off thousands of hard-earned house owners money. The […]

Supreme Court cancels the registration of Amrapali and nominates NBCC for project completion.more

Developers of Mumbai requested the State Government to reduce premium charges.

By Abhay Shah, Realty Quarter Top property developers in Mumbai have requested the state government, to cut premium charges, which it has to pay under various heads, mentioning the liquidity crunch. Developers seek to decrease charges linked to open space deficits premium, staircase, lift and lobby charges, among other taxes. After a discussion on Thursday […]

Developers of Mumbai requested the State Government to reduce premium charges.more

84 individuals were rescued from a fire accident occurred in Bandra MTNL building.

July 28, 2019

By Abhay Shah, Realty Quarter On Monday, MTNL was hit by a huge fire that left 84 individuals trapped on the terrace of the 9-storey construction, all were saved by fire departments, an official said. He said that a fireman, Sagar Salve (25), breathed smoke during the firefighting procedure for which he was admitted to […]

84 individuals were rescued from a fire accident occurred in Bandra MTNL building.more

GIC is in a plan to obtain stakes of GVK promoter group in Indian Hotels joint venture.

July 23, 2019

By Abhay Shah, Realty Quarter The Government of Singapore Investment Corp (GIC) is planning to strengthen its position in the Indian real estate and hospitality space by acquiring GVK promoter group stake in Taj-GVK Hotels and Resorts as the sovereign investment vehicle of the South East Asian country. GIC is expected to mandate the Indian […]

GIC is in a plan to obtain stakes of GVK promoter group in Indian Hotels joint venture.more

Gera Developments invested Rs.180 crore to buy a 22-acre land parcel in Pune.

By Abhay Shah, Realty Quarter Realty developer Gera Developments purchased from the owners of the Goel Ganga Group a 22-acre property in Pune’s Wagholi area for Rs 180 crore, two people with direct development expertise, said. Presently, Gera Developments are in discussion with HDFC Capital Advisors, a wholly-owned subsidiary of the biggest mortgage lender HDFC in […]

Gera Developments invested Rs.180 crore to buy a 22-acre land parcel in Pune.more

How to save on long-term capital gains tax from a residential property sale.

July 22, 2019

By Abhay Shah, Realty Quarter Profits derived from the sale of a house with a holding period over 24 months are referred to as long-term capital gains and are taxed at the rate of 20.80%. In various ways, you can save long-term capital gains. Profits derived from the sale of a house with a holding […]

How to save on long-term capital gains tax from a residential property sale.more

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.

By Abhay Shah, Realty Quarter On 18 July, the Supreme Court demanded the Government to provide a list of states where there is no RERA Authority and the appellate tribunal been formed. The Apex court heard a case concerning the constitutional challenge brought against the right of the financial creditors to home buyers by a […]

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.more

Maharashtra developers may not seek any relief in development charges.

July 20, 2019

By Abhay Shah, Realty Quarter It is unlikely that the state government will give demands to the real estate industry to drastically reduce development charges and premiums for various concessions. The BMC has highly rejected any significant decrease, quoting several factors, including losing its main source of revenue, the octroi and not being obliged to pay […]

Maharashtra developers may not seek any relief in development charges.more

Category: Current Affairs

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