Category: Mumbai

Important things to know by NRIs before taking a home loan in India.

July 31, 2019

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

Piramal Real Estate Fund aims for an extension of one year.

July 29, 2019

By Abhay Shah, Realty Quarter The real estate investment trust (REIT) created by Piramal Fund Management said its tenure will be extended by one year, delaying exits, due to six projects worth about Rs 562 crore getting stuck. Scheme V of the Indiareit fund started in 2013 with a primary term of six-years, which can be extended […]

Piramal Real Estate Fund aims for an extension of one year.more

Raheja Developers failed to make the payment, faces insolvency proceedings.

By Abhay Shah, Realty Quarter Raheja Developers, a Delhi-based builder, is in a situation of insolvency as per Section 9 of the Insolvency and Bankruptcy Code 2016, which has been ordered by the National Company Law Appellate Tribunal (NCLAT) to acknowledge the case. In a complaint lodged by an operational creditor, Ahluwalia Contracts (India), the appellate tribunal […]

Raheja Developers failed to make the payment, faces insolvency proceedings.more

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.

By Abhay Shah, Realty Quarter The landmark verdict of the Supreme Court on Amrapali developers lifted the hopes of house buyers who are futilely waiting for their houses to be delivered. While similar developments are waiting for about other stuck projects, the Apex Court has established a precedent with a resounding message – compliance or […]

Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.more

Things to know to generate best return from a Commercial Property Investment.

By Abhay Shah, Realty Quarter Real estate investment, particularly in residential properties, is very popular with investors. However, there are far more benefits and opportunities available for investment in commercial spaces than residential properties. Commercial properties rental yields: Commercial and residential properties characteristics are dynamically very distinct. Investors usually trade a commercial property on a return basis. […]

Things to know to generate best return from a Commercial Property Investment.more

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.

By Abhay Shah, Realty Quarter The Ministry of Finance on Monday has announced that the owners of the apartment will pay 18% GST if the maintenance costs paid to the resident welfare association (RWA) exceed Rs 7,500 a month. “A waiver was accessible until 25 January 2018 when contribution charges or share were not higher than Rs […]

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.more

Demand for affordable housing in North Mumbai is increasing.

By Abhay Shah, Realty Quarter In the last few years, North Mumbai has seen fast growth. Infrastructure has been pivotal in promoting the real estate sector’s growth. The necessary push by the state government to develop infrastructure contributed the North Mumbai for becoming a place where real estate operations would take place. Enhanced connectivity to different parts of Mumbai, […]

Demand for affordable housing in North Mumbai is increasing.more

MMRDA receives approval to construct 3 new metro lines in Mumbai.

By Abhay Shah, Realty Quarter In the Mumbai Metropolitan Region, the Maharashtra cabinet sent out the green signal to three new Metro lines which would be finished by 2026. A declaration from the CMO (chief minister’s office) stated that the Mumbai Metropolitan Region Development Authority (MMRDA) would construct the three projects. The Gaimukh-Shivaji Chowk 9.2 km long Mira Road route […]

MMRDA receives approval to construct 3 new metro lines in Mumbai.more

Category: Mumbai

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