By Abhay Harish Shah, Realty Quarter A large number of investors are investing in Pune due to its increase in infrastructure, Urban Lifestyle, and Pleasant climate. It is considered to be the perfect mix of an urban lifestyle and a peaceful atmosphere it offers. If you are looking to buy a house in this […]
Top 5 areas in Pune for Investment.more
By Abhay Harish Shah, Realty Quarter With the Confederation of Real Estate Developers Association of India (Credai), Maharashtra Government decided to pass the burden of input tax credit to purchasers, which will affect to increase apartment prices by Rs.200 per square foot. The annual general meeting of the developer’s board in Kolhapur took a decision […]
Apartment price likely to rise by Rs.200 per square foot – Maharashtra Government.more
By Abhay Harish Shah, Realty Quarter No signs of the public sector enterprise can be seen getting through, even after the process of voting on the NBCC’s bid for Jaypee Infratech (JIL) has been completed on Monday. According to the sources, homebuyers have planned to stop paying the current EMIs (equated monthly installment) because many […]
Jaypee Infratech Home buyers are planning to end EMIs.more
By Abhay Harish Shah, Realty Quarter Two house buyers, who have been denied by the Maharashtra Real Estate Regulatory Authority for their complaint regarding violations of the development agreement of the Vile Parle project in Bombay, have now moved an arbitration petition to the High Court and sought damages from the developer of Rs. 1.62 […]
Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.more
By Abhay Harish Shah, Realty Quarter The state government has drastically slashed construction stamping charges, especially in the island town between Colaba and Byculla, for builders who redevelop municipal tenanted properties. However, the bonanza is not for the free-sale element but for the rehab part of the project. The aim of this sop is to […]
The state government approves reduction on stamp duty for the BIT Chawls redevelopment.more
By Abhay Harish Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) makes the declaration that while transferring or allotting promoters rights and liabilities to a third-party the real estate developers has to disclose any financial creditors charge on their projects. The regulator’s direction assumes importance, upon growing instances of joint development contracts or […]
MahaRERA declares – Developers are not allowed to transfer their majority stakes without written approval from the authority.more
By Abhay Harish Shah, Realty Quarter Embassy real estate development acquired an approximately 14% stake in Indiabulls real estate on Friday from its promoter via a bulk stock deal. The contract is composed of the three-phase transaction in which an alliance of Blackstone Group-Embassy will acquire the 39.5% shareholding of Rs.2,700 crore by Indiabulls Group […]
Indiabulls sells its 14% stake to Embassy.more
By Abhay Harish Shah, Realty Quarter Housing Finance companies (HFCs) are companies which are licensed to provide house loans under the NHB’s rules by the National Housing Board (NHB). On the other side, The Reserve Bank of India (RBI) regulates banks. New house buyers are often in a difficult situation to decide whether to apply for […]
Should you apply for a loan from an HFC or a bank? – Explained.more
By Abhay Harish Shah, Realty Quarter For the third time this year, the real estate sector has welcomed RBI’s decision to lower interest rates by 25 basis points. It is expected to lead to a decrease in home loan EMIs and increase affordability for homebuyers. The main challenge, however, is for RBI to ensure that the […]
The RBI rate reduction will enhance the affordability of home purchasers – Latest Updatemore
By Abhay Harish Shah, Realty Quarter On 4th June Maharashtra cabinet finalized of not charging any single amount as stamp duty for contracts which is related to the construction of the upcoming International Airport near Navi Mumbai. The new airport is being developed by the CIDCO government agency. The job at the airport involves minerals excavation. […]
Government to waive stamp duty for Navi Mumbai International Airport contracts.more