By Abhay Shah The Mumbai City Authority has announced that 125 houses for homeless people are being constructed in Mumbai, and 20 of these will be accessible in the next few months. The Brihan Municipal Corporation (BMC) replied to an RTI query submitted by activist Anil Galgali, that it followed an order of the Supreme […]
BMC will construct 125 shelter homes for the poor people in Mumbai.more
By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]
RBI’s fifth Repo Rate Cut may increase the real estate sales in this last quarter of the year.more
By Abhay Shah According to a report, almost 10 developers and operators of commercial real estate have the potential to raise Rs 1.5 lakh crore by monetising 184 million sq ft of space through the real estate investment trust (REIT) route. The rating agency Crisil estimates that these assets account for around 30% of Grade […]
Commercial Real Estate Developer can raise Rs.1.5 lakh crore through the REIT method – CRISIL Report.more
By Abhay Shah, Realty Quarter Lightings can enhance the complete look of a house. It speaks the lifestyle of a person living in that house. It can change the mood of a person. Nowadays, according to their mood people set up the lighting effect. For a designer, it is crucial to find customer taste and […]
Top lighting ideas of 2019 to make your House look perfect.more
By Abhay Shah, Realty Quarter The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
By Abhay Shah, Realty Quarter A number of housing societies whose funds are held in the PMC bank are confronted with a payment crisis along with the individual small depositors. Several household companies with funds held at the PMC Bank are facing a payment crisis, as well as individual small depositors. Management committees are distressed […]
Housing Societies funds got blocked due to the PMC bank crisis.more
By Abhay Shah, Realty Quarter According to the sources, the Ministry for Housing and Urban Affairs plans to set up a specific unit to monitor the execution of the Pradhan Mantri Awas Yojana (Urban) under the Housing for All flagships by 2022. The Program Management Department (PMU) will provide targeted support for PMAY (U), according […]
Government seeks to build a dedicated unit for monitoring Pradhan Mantri Awas Yojana.more
By Abhay Shah, Realty Quarter The Noida Authority is ready to issue an occupancy certificate and completion certificate online. On 25 September the applications webpage will be inaugurated and certificates will be issued for residential and industrial areas. Access to the software is possible via the website of the Noida Authority and from the Nivesh […]
Noida Authority releases a website to issue OC and CC online.more
By Abhay Shah, Realty Quarter On September 24, a court here that was hearing cases related to the illegal construction of high-rise buildings in the Shahberi village at Greater Noida rejected anticipatory bail pleas by 19 developers. Additional sessions Judge Indrapreet Singh Josh also directed the Greater Noida Industrial Development Authority (GNIDA), district administration and police to […]
Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.more
By Abhay Shah, Realty Quarter The State Housing Department is set to make land title insurance compulsory for MahaRERA registered developers, for whom insurers are already discussing the premium with the regulatory authority. Land Title Insurance is a form of indemnity cover that provides builders and customers with insurance against financial losses resulting from defects in property […]
The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.more
