By Abhay Shah, Realty Quarter Hiranandani Group, a real estate company, is going to invest about Rs 1,000 crore to construct a 115-acre industrial and logistics park and is setting up a wind turbine manufacturing unit for Vestas. At Oragadam, Chennai, Hiranandani Group Company Green Base will create a wind turbine park and warehouse set-up for […]
Hiranandani will invest Rs 1,000 crore at Chennai’s industrial park.more
By Abhay Shah, Realty Quarter A senior finance ministry official said the government is proposing a fund that will provide guarantees to those who would otherwise not be entitled to a housing loan, enabling them to borrow funds to purchase a house. As part of a plan being formulated by the government to assist the housing […]
Government is trying to revive the housing sector by providing guarantees on Home Loans.more
By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) enforced on Godrej Properties a penalty of Rs 30 lakh for placing 30 hoardings of their new project in Thane without first registering it. After complainant Aditya Bothra brought the discrepancy to its notice, the authority called up Godrej Properties for a hearing. […]
Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.more
By Abhay Shah, Realty Quarter Recently, the National Consumer Disputes Redressal Commission (NCDRC) ruled that a developer is bound to fulfill not only the promises made in flat buyers’ agreements but also the amenities mentioned in their promotional material. On this basis, the commission increased the compensation granted by the district forum to Rs 3 […]
NCDRC ruled, Promises done in brochures need to be accomplished by Builders.more
Realty Quarter announce it’s 5th edition of Indian Property Expo on 9th & 10th november 2019 at Growel Mall, 101, Golden Petal Banquet Hall, Kandivali (East), Mumbai. Indian Property Expo is a platform in bringing together the whole of real estate from the sector across India backed by many Trade Associations, Financial Institutions, High Profile […]
Indian Largest Real Estate Property Exhibition | Indian Property Expo | 5th Editionmore
By Abhay Shah, Realty Quarter In a critical decision, Delhi High Court ruled that homebuyers can approach both the National Consumer Disputes Redressal Commission (NCDRC) and Rera as their jurisdictions are “concurrent” with wandering builders. The court said that litigation under the Consumer Protection Act, 1986 can be initiated against developers by homebuyers (or property allocators […]
Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.more
By Abhay Shah, Realty Quarter It’s not the simplest task to buy an ideal house. Some may wait for the perfect deal to come up while others may even spend a lifetime waiting to build or purchase the right home, but it may never happen. It’s certainly one of the greatest purchases in your lifetime, so you’d […]
Want to buy a House? Here is the complete guide and checklist for buying a House.more
By Abhay Shah, Realty Quarter American private equity major Blackstone Group along with K Raheja Corp builder are expected to pull their jointly owned 20 million sq ft commercial portfolio to the public by March, by listing of Real Estate Investment Trust (REIT), said two individuals with direct knowledge of the development. It’s the second […]
Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.more
By Abhay Shah, Realty Quarter India will have, among others, an online database of all cities on infrastructure, education, and health facilities by 2024, as it aims to create a “data culture” to address the country’s urban challenges, an official said on September 9. There will be an ‘Open Database’ which everyone can access free […]
India will have an online database of all cities by 2024.more
By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) is contemplating extending its conciliation forum experiment by establishing benches to assist settle conflicts between builders and house buyers in each district of the state. Gautam Chatterjee, the chairman of the authority, said the expansion is going to take place in phases. MahaRERA […]
MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.more