In order to revive the real estate sector in Maharashtra, the state government has announced to reduce stamp duty on property transactions. This reduction in stamp duty is applicable from 1 September 2020 to 31 March next year. This reduction is in two slabs. From September 1 to December 31, 2020, stamp duty will be […]
Property in Maharashtra is getting cheapermore
On 8 September, Bombay High Court ordered MMRDA “for further stalling of road-widening work on a property owned by a housing society” in Kurla, after alleging that the government had “high-handedly” taken over 700 square metres. The work is carried out in an extended road from Kurla to Vakola on a road between Santacruz and […]
Bombay High Court ordered MMRDA to stop road-widening work on housing society plot.more
The largest bank of Japan MUFG pick up 30,000 sqft of space on rent for 10 years for approximately Rs 90 crore at the commercial building in Adani Realty at BKC, sources said. After many years in Nariman Point, the bank that started operations in Mumbai in 1953 relocates its Indian headquarters to BKC. Established […]
Adani Realty leases 30,000 sqft of space to Japanese largest bank MUFG.more
Crisis-hit IL&FS will be inviting initial bids to sell its corporate headquarters in the Bandra-Kurla Complex (BKC) in Mumbai at the end of this month, almost two years after the debt-ridden infrastructure lender folded, two people with direct development knowledge said. By the end of this financial year, the organisation aims to monetise the high-end […]
IL&FS wishes to fetch Rs 1,500 crore by selling its headquarters in Mumbai.more
ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]
ICRA predicts overall real estate inventory to decrease by 40-60%.more
A journey from an Entrepreneur to an Artrepreneur !! Entrepreneurship is a marathon and when one starts thinking entrepreneurial, the marathon gets even better. From professionals to Entrepreneurs and now Artpreneurs, here is an inspiring story of a few young minds from Mumbai, India. Background ‘ASA’ is an established Architecture and Interior Design Studio formed […]
Design Thinking: A Step Up For Entrepreneursmore
Recently, the owner who leased his four-story building at the Regional Office of the HDFC Bank in Indore paid a 20% lower rent from the HDFC Bank. The landlord had no choice but to accept this since he could not know whether he could get another customer to occupy all four floors of the building. […]
HDFC bank pays 20% less rent to the landlord due to pandemic lockdown.more
Don’t Miss The 16 Best Days To Buy A Home, Visit India’s Biggest “ONLINE PROPERTY EXPO 2020” on 5th Sep to 20th Sep. Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals of the sector under one virtual roof. => Assured Gift for First 500 Visitors=> 100+ Projects Options=> Homes […]
Online Property Expo – Connecting directly with real estate agencies and developers, banks, legal advisors, and all professionals.more
The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]
Government reduces stamp duty charges from 5% to 2% in Maharashtra.more
Maharashtra Real Estate Regulatory Authority (MahaRERA) dismissed the developer’s argument that, since home buyers continued to pay even after the promised date of occupancy had passed, they had “acquiesced” and agreed to the delay in possession. In three separate orders, MahaRERA’s Bhalchandra Kapadnis has advised developer CCI Projects Ltd, to pay interest on deferred possession […]
CCI Projects Ltd will have to pay interest on late possession says MahaRERA.more
