Category: Current Affairs

Madhya Pradesh state government approves the land lease policy

April 16, 2018

By Realty Quarter Bureau The Madhya Pradesh government has approved a policy allowing for the renewal of lease of land, including residential plots which are now being used for commercial purposes. The move will benefit five lakh people in the state, Public Relations Minister Narottam Mishra told reporters after the cabinet meeting. “The state cabinet approved a policy to renew […]

Madhya Pradesh state government approves the land lease policymore

RERA in real time – nowhere close to the finish line

April 13, 2018

By Anuj Puri, Chairman – ANAROCK Property Consultants Why RERA is still not a nation-wide market force Many state governments have been lax in implementing RERA. There are various forces at play – the primary one being change aversion. RERA was conceived to change the entire status quo of how real estate is designed, developed […]

RERA in real time – nowhere close to the finish linemore

Flat owners in buildings with OC to get individual tax bills: BMC

By Realty Quarter Bureau The Brihanmumbai Municipal Corporation today announced that personalized property tax bills will be issued to the people who own flats in those buildings that will get Occupation Certificates (OCs) from this month. The civic body also said that under the new property tax system, those who pay the tax promptly will get […]

Flat owners in buildings with OC to get individual tax bills: BMCmore

SEBI amends norms for REITS & Infra Investment Trust

By Realty Quarter Bureau In order to make REITs and InvITs more attractive, markets regulator Sebi said that they will have to provide a mechanism for resolution of disputes with their shareholders and partners in the holding company. Sebi has also amended REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) regulations in order to facilitate the growth of such […]

SEBI amends norms for REITS & Infra Investment Trustmore

National Highway Authority signs agreement for its 1st International Project

By Realty Quarter Bureau To provide seamless vehicular movement for enhancing trade, business, health, education and tourism between Indian, Myanmar and Thailand, the National Highways Authority of India has signed an agreement for upgradation of Yagyi – Kalewa section of highway (Milepost 40/0 to Milepost 115/5) in Myanmar to two lanes with earthen shoulder. The […]

National Highway Authority signs agreement for its 1st International Projectmore

State to have separate offices for housing societies issues

April 12, 2018

By Realty Quarter Bureau A senior Cooperation department official said that there are around one lakh cooperative housing societies in the state, with around two crore people living in them The Maharashtra government will set up a separate office to deal with issues concerning cooperative housing societies to protect the interest of residents, state cooperation minister Subhash Deshmukh said. […]

State to have separate offices for housing societies issuesmore

800 houses secure for lower income group this year: Mhada lottery

By Realty Quarter Bureau This year, MHADA’s lottery will reserve more than threefourths of houses for economically weaker sections (EWS) and low income groups (LIG). The move comes the housing body received a lot of flak for reserving just eight homes for EWS groups last year. Though the date for this year’s lottery has not been finalised, MHADA […]

800 houses secure for lower income group this year: Mhada lotterymore

Country’s urban planning for development is the most comprehensive says Housing Minister

By Realty Quarter Bureau The housing and urban affairs minister said by 2030, cities would contribute to around 66 per cent of the country’s GDP and close to 90 per cent of tax collection Union minister Hardeep Singh Puri on said that India has undertaken the most comprehensive and planned urbanisation programme in the world. Addressing a Confederation of […]

Country’s urban planning for development is the most comprehensive says Housing Ministermore

27% increase in new housing launches in Q1 2018 over previous quarter reports ANAROCK

By ANAROCK Property Consultants Unsold inventory decreased by 2% from 7.27 lakh units in Q4 2017 to 7.11 lakh units by Q1 2018 According to ANAROCK Property Consultants’ latest research, 2018 has started on a positive note with residential unit launches making a comeback and recording a 27% increase in Q1 2018 from the previous quarter across […]

27% increase in new housing launches in Q1 2018 over previous quarter reports ANAROCKmore

HDFC hikes home loan rates up by 20 basis points

April 10, 2018

By Realty Quarter Bureau HDFC, the country’s largest housing finance company, has increased home loan rates by up to 20 basis points (100bps = 1 percentage point). It said the revision follows an increase in the cost of funds from last year. Most of the bank’s customers would be affected only marginally. Interest rates on loans up […]

HDFC hikes home loan rates up by 20 basis pointsmore