Category: Experts

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

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

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

JLL India revenue grew by 17% to Rs 4,000 crore – FY19 report.

July 31, 2019

By Abhay Shah, Realty Quarter Despite the slowdown in the real estate market, property consultant JLL India’s revenue grew 17% to Rs 4,000 crore in 2018-19 and is planning to recruit 2,000 employees by the end of next year to maintain this growth momentum. During the financial year 2017-18, JLL India, which is a part of global real […]

JLL India revenue grew by 17% to Rs 4,000 crore – FY19 report.more

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 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

The effect of Model Tenancy Bill on owners and tenants.

By Abhay Shah, Realty Quarter Whether you are planning to leave your property or discover a house on rent, there is excellent news for you. The lately formulated Model Tenancy Bill, 2019, suggested several measures that could cover some of the grounds for disputes between tenants and landlords. The current legislation is skewed, providing one party […]

The effect of Model Tenancy Bill on owners and tenants.more

Category: Experts

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