Category: Mumbai

The Police Commissioner of Mumbai proposes to sell 50% of redeveloped apartments to cops.

August 21, 2019

By Abhay Shah, Realty Quarter Mumbai police have submitted the State government with a plan to rebuild the Naigaon police quarters and the Light Armed Constabulary headquarters. The plan is primarily designed to sell 50% of the new residential apartments to constables and officers in order to tackle severe housing shortages experienced by the police, proposed by a Police Commissioner, Sanjay Barve. Home Department sources said the Mumbai police are collectively developing the Naigaon estate with the state […]

The Police Commissioner of Mumbai proposes to sell 50% of redeveloped apartments to cops.more

How to get a loan on a let-out property? Eligibility, Interest rate, Tenure Explained:

By Abhay Shah, Realty Quarter Nearly all the public sector and private banks provide loan for potential rentals. With this component, the owners of a house can take advantage of a credit line based on the rent received on the house property. Eligibility criteria for Individuals: Anyone who owns a commercial or residential estate may obtain the benefits of this scheme. The property may be owned jointly or by a single owner. All owners will have to become loan applicants in the event of joint ownership. This loan scheme option is available for properties that have already been rented out or for which a lease contract has been concluded. Loan amount utilisation: The fund raised through the loan against potential rents can be used for any intent […]

How to get a loan on a let-out property? Eligibility, Interest rate, Tenure Explained:more

Inventory of Rs 45,000 crore in Central Mumbai stayed unsold – ICRA Report.

August 20, 2019

By Abhay Shah, Realty Quarter According to ICRA, a rating agency, inventory worth Rs 45,000 crore stayed unsold in Central Mumbai as on June 2019. Considering the large value of inventory on the micro-market, its underperformance has seriously affected Mumbai’s real estate industry, it said. “Central Mumbai has been witnessing significant high-value inventory build-up due to weakened demand over the past two […]

Inventory of Rs 45,000 crore in Central Mumbai stayed unsold – ICRA Report.more

The government can consider RERA amendments to make them more effective: Urban Affairs Secretary.

By Abhay Shah, Realty Quarter The government may consider changes to the RERA real estate law, if required, to make it more effective, Durga Shanker Mishra, Housing and Urban Affairs Secretary, said on Monday. He said that the Ministry for Housing and Urban Affairs will quickly adopt the model tenancy law for Cabinet approval at NAREDCO’s real […]

The government can consider RERA amendments to make them more effective: Urban Affairs Secretary.more

Thane resident takes down a silent protest for the issue of Potholes.

August 19, 2019

By Abhay Shah, Realty Quarter Anand Nagar residents, fed up with the pothole outbreak on Ghodbunder Road in Thane, gathered for a silent protest on Sunday, requesting a solution to the problem that has created their lives hell over the past few months. Civic officials, meanwhile, retained that work is underway to fill potholes on roads […]

Thane resident takes down a silent protest for the issue of Potholes.more

GNIDA arrested officials who were involved in illegal construction in Shahberi.

By Abhay Shah, Realty Quarter The Greater Noida Industrial Development Authority (GNIDA) found officials responsible for unauthorized construction in Shahberi in the first step towards setting accountability. It also finalized IIT-Delhi to perform a structural audit of the area’s buildings and began sealing the empty ones. Meanwhile, 12 of the 29 protesters arrested after August 14 disputes with officials and police, who were not able to be made in a court on a holiday, were in prison on August 15. Nine people were killed in July last year when two six-story buildings collapsed in Shahberi. This was followed by a crackdown […]

GNIDA arrested officials who were involved in illegal construction in Shahberi.more

Is it possible for parents to take back gifted property from their children?

August 17, 2019

By Abhay Shah, Realty Quarter The donor cannot revoke a gift of a property that is valid and accepted by a donee, other than in specific circumstances. We look at the feasible instances of a revocation. With many children choosing to leave India for work and the gradual disappearance of the common family system, it […]

Is it possible for parents to take back gifted property from their children?more

The government of Maharashtra allocates Rs 7.14 crore in flood-affected districts.

By Abhay Shah, Realty Quarter The Pune division commissioner allocated Rs 7.14 crore in the context of compensation for flood aid announced by the State Government to the flood-ravaged districts of Pune, Satara, Sangli, Kolhapur and Solapur. The study and evaluation undertaken by the authorities noted that 22,962 families have been impacted in that division. Of […]

The government of Maharashtra allocates Rs 7.14 crore in flood-affected districts.more

Government upcoming airport development plans in smaller cities, is it profitable to invest in such properties?

August 16, 2019

By Abhay Shah, Realty Quarter Nothing breaks the perspective of a new town as you move into it, whether you’re flying domestically or internationally. From the sky, Andheri streetlights are glowing like gold from Mumbai. Jackson Heights’ grid design just outside La Guardia in New York provides a feeling of its geography. And the region […]

Government upcoming airport development plans in smaller cities, is it profitable to invest in such properties?more

Eight BSNL properties have been listed for sale at throwaway prices in Chennai.

By Abhay Shah, Realty Quarter BSNL Employees Union has asserted that a plan has been drawn up by the state-owned telecommunications operator to sell eight BSNL properties in prime locations at throwaway prices in Chennai. In addition to property parcels in Kilpauk, Royapettah, Egmore, and Ambattur, a list of recognized properties published by the union contain […]

Eight BSNL properties have been listed for sale at throwaway prices in Chennai.more

Category: Mumbai

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