By Abhay Shah, Realty Quarter The Center has entered a mode of mission rethinking to accelerate the execution of Smart City Mission projects. The Center has set a new goal –– Mission Rs 2 lakh crore in the fifth and final year of ‘Smart City Mission’. With the current project tendering and completion trajectory, contracts […]
Centre accelerates the execution of projects under Smart City Mission.more
By Abhay Shah, Realty Quarter Minister of State for Finance Anurag Thakur said the government will quickly follow up with its next set of relief measures, this time for the real estate industry. For multiple factors, including tight liquidity, many builders default, and high property costs, the real estate industry is facing a multi-year slowdown […]
The next set of Relief Measures can be for the Real Estate Sector: MoS Thakur.more
By Abhay Shah, Realty Quarter Although two homebuyers only had a Memorandum of Understanding (MoU) as evidence that they invested in an Oshiwara highrise apartment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) held that it was sufficient proof of ownership and instructed the developer to repay Rs 82.95 lakh with 10.75% interest from 2012. According […]
MahaRERA declares investor can claim a refund with MoU agreement.more
By Abhay Shah, Realty Quarter The slew of measures taken by the Modi government to boost housing demand is expected to increase housing sales in the festive season by 5-7%, Anarock Research said in a report. Freebies to attract customers this festive season beginning with Ganesh Chaturthi range from plain vanilla cost cuts, money-saving opportunities […]
Anarock Report: Housing sales may increase 5-7% this festive season.more
By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]
For all new housing loans, Banks are required to pass on rate cuts.more
By Abhay Shah, Realty Quarter On Wednesday, the Bombay High Court granted the BMC five days to respond to a petition lodged against the decision of the Tree Authority to remove 2,646 trees for the Metro III car-shed from Aarey Colony. The court did not give a stay as the BMC acknowledged that there was […]
Update on Aarey Colony: Bombay High Court gave 5 days to BMC to reply about Tree Authority decision.more
By Abhay Shah, Realty Quarter The Maharashtra government is planning to purchase two parcels of land, one each in Jammu and Kashmir and Ladakh, before 31 October, the day central laws are planned to come into effect in the state, for resort construction. For the intent, Maharashtra Tourism Minister Jaykumar Rawal said it has allocated […]
The state of Maharashtra will buy land in Kashmir and will construct 2 resorts.more
By Abhay Shah, Realty Quarter Indiabulls Housing Finance has placed a top two-storey bungalow property on the block to recover its dues from owner Phulchand Exports in South Mumbai’s plush Cuffe Parade area. The bungalow’s reserve price is laid at Rs 121 crore, with 12,100 sq ft build-up area, and the company dues and loan […]
Indiabulls Housing Finance to sell its South Mumbai’s property for Rs 121 crore.more
By Abhay Shah, Realty Quarter Signature Global Real Estate Company will invest Rs 385 crore over the next three years to develop a housing project in Gurugram, Haryana, said a top official of the company. For nearly Rs 100 crore, the national capital-based firm has purchased 17.35 acre of land at Sohna and will build 864 independent floors in two […]
Signature Global (Affordable Housing Developer) will invest Rs 385 crore for its new housing project in Gurugram.more
By Abhay Shah, Realty Quarter According to estate consultant Colliers, the flexible segment of the workplace, which is increasing rapidly in India, may see a significant expansion from next year as big companies will aim to obtain smaller ones for inorganic growth. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune markets are expected to reach […]
Flexible workplace operators will hit a record, expected to account 18-20% of total gross leasing of office space.more