Category: Mumbai

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.

June 24, 2019

By Abhay Shah, Realty Quarter On Thursday, The Enforcement Directorate told a Mumbai court that a subsidiary of the crisis-hit IL&FS Group called as IL&FS Financial Services (IFIN), alone had supposedly laundered more than Rs.5,000 crores of shareholder funds. In a remand application submitted to the special court, the ED asserted that the group was […]

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.more

Vashi ranks top for redevelopment projects by getting 16 proposals approved.

June 22, 2019

By Abhay Shah, Realty Quarter Vashi has been the oldest and most advanced node to accelerate redevelopment projects of dilapidated buildings. The identification committee has already cleared 18 proposals, 16 of them are in Vashi, with one in Koparkhairane and one in Nerul nodes. According to NMMC, there are some 30-40 proposals for redevelopment sent to the committee for […]

Vashi ranks top for redevelopment projects by getting 16 proposals approved.more

Extensions of MMRDA development plan for Raigad & Palghar got approved by Maharashtra legislature.

By Abhay Shah, Realty Quarter A proposal to take parts of Palghar and Raigad to competence under the Mumbai Metropolitan Region Development Authority (MMRDA) was approved by both the Maharashtra Houses on 20 June 2019. In February 2019 the State Cabinet decided to extend the competence of the MMRDA to 2,000 sq km. Chief Minister […]

Extensions of MMRDA development plan for Raigad & Palghar got approved by Maharashtra legislature.more

Things to know before paying rent to your close relatives – Income Tax Laws.

June 21, 2019

By Abhay Shah, Realty Quarter In the event that you are an employee, the income tax regulations provide certain advantages in regard to rent paid by you for your housing. Under Section 10 (13A) you can request tax advantage for the House Rent Allowance (HRA) only when you are receiving HRA from your employer and […]

Things to know before paying rent to your close relatives – Income Tax Laws.more

BPO office in Mumbai breached confidential data of a New-York based company.

By Abhay Shah, Realty Quarter Confidential information by a New York-based company assigned to a Bhayandar-based Business Process Outsourcing (BPO) was recently jeopardized. This resulted in an inquiry by the police, and a study of the corporate spy angle is also being probed. The BPO firm registered an FIR indicating that the email addresses used to […]

BPO office in Mumbai breached confidential data of a New-York based company.more

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.

June 20, 2019

By Abhay Shah, Realty Quarter The Apex consumer commission has held that an unfair trade practice cannot be implemented. Currently, homebuyers must pay interest for delayed payments by 18% per annum, while the builders pay a mishap of 1.5%-2% for project delays. R K Agrawal President of the National Consumer Disputes Redressal Commission (NCDRC) and a member M […]

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.more

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.

By Abhay Shah, Realty Quarter On 18 June 2019, the US Green Building Council (USGBC) issued the list of India’s Top 10 LEED (Leadership in Energy and Environmental Design) states – the most widely used green building rating system in the world. The list was published for the second year in India and as on 31 […]

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.more

A broker can now approach RERA authority if his brokerage is due.

June 19, 2019

By Abhay Shah, Realty Quarter Brokerage issues can now be covered in the context of a recent change in the regulations that were given by the housing department on June 6 by the Maharashtra Real Estate Regulatory Authority (MahaRERA). Marketing and brokerage following the sale of flats shall not be covered by the price of developing or […]

A broker can now approach RERA authority if his brokerage is due.more

What does CTS Number of property in Mumbai mean??

By Abhay Shah, Realty Quarter What does CTS Number of property in Mumbai mean?? You would have heard of the city survey number or CTS number if you owned a property in Mumbai or are preparing to purchase a land parcel in Mumbai. But what’s crucial about the city survey number and how is the […]

What does CTS Number of property in Mumbai mean??more

CREDAI has demanded that banks should fund developers to buy land for development of affordable housing projects.

June 18, 2019

By Abhay Harish Shah, Realty Quarter In its budget wish list, Realtors apex body CREDAI requested that banks should finance developers to purchase land to develop affordable housing projects. It has also indicated that all legislation should have the same concept of affordable housing. “Land as a value of the project comprises 40% of the […]

CREDAI has demanded that banks should fund developers to buy land for development of affordable housing projects.more

Category: Mumbai

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