By Abhay Harish Shah, Realty Quarter On Tuesday the Dewan Housing Finance Ltd (DHFL) was supposed to pay the outstanding bonds but, the deadline is passed and the payment is still on due. DHFL has got 7 days grace period later. The company is in discussion with financiers who can help to meet its Rs.1,000 […]
DHFL got 7 days grace period, after failing Rs.1,000 crore plus obligation deadline.more
By Abhay Harish Shah, Realty Quarter The real estate development arm of Piramal Group (Piramal Realty) has successfully launched a unique concept at Piramal Mahalaxmi in South Mumbai called as ‘Back to Nature – Space to Grow’. This idea is central to the dedication of Piramal Realty to Biophilia, a design philosophy that seamlessly […]
Piramal Group combines luxury and modern life with its newly launched “Back to Nature – Space to Grow” project.more
By Abhay Harish Shah, Realty Quarter The real estate market has become competitive, and sectors which were underdeveloped is taking a pace for its growth in infrastructure, also the prices are comparatively less, than the developed city. Because of the above-given factors, real estate investors are opting for tier-2 and tier-3 cities in India. […]
Real Estate Investors are choosing Tier 2 & Tier 3 cities over Tier 1.more
By Abhay Harish Shah, Realty Quarter The housing market has shown a 13% rise in sales in 7 major cities during January-March 2019. This leads to confidence among real estate and a sign of recovery for the real estate market. In seven towns, namely Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune, the year-round housing […]
Housing sales have shown a rise in seven major cities – First Quarter Report.more
By Abhay Harish Shah, Realty Quarter According to the survey conducted by Magicbricks, there will be more than 2/3rd of the complaint by home-buyers against the developer with a real estate regulator under the new RERA Act for any delay in possession of their apartment. RERA rules have already been notified by 22 States and […]
More than 70% of home buyers wish to lodge a complaint under RERA Act for possession delays, says the survey.more
By Abhay Harish Shah, Realty Quarter The Indian Startup ecosystem in the previous decade has experienced a tectonic change. The amount of start-ups has increased seven times from approximately 7000 in 2008 to approximately 50,000 by the end of 2018. Honourable Maharashtra Chief Minister Devendra Fadnavis, TiE Mumbaí and KPMG-India have recently published two research […]
Maharashtra is likely to be the Future Startup Capital of India.more
By Abhay Harish Shah, Realty Quarter There have been numerous cases where home buyers have faced delays in acquiring their apartments. In many cases, delays are over five to six years. Some developers even did not mention the date of possession in the agreement which resulted in the home buyers suffering from financial and mental trauma. […]
What can a buyer do when the agreement does not specify the date of possession?more
By Abhay Harish Shah, Realty Quarter In the Indian real estate market, Non-Resident Indians (NRIs) are an important investment segment. NRI’s generally purchase properties for investment purposes or for retirement purposes from their emotional connection with their country. India has emerged for international capital as a lucrative location. “Overseas Investments have increased by 137% from 3.2 […]
Important FEMA rules for NRIs investing into Indian Real Estate.more
By Abhay Harish Shah, Realty Quarter Commercial real estate demand, led by the interest of sustained occupants to expand businesses in India, is pushing up rentals of prime offices in major cities like Mumbai, New Delhi, and Bangalore. Over the course of the first quarter of the year, office rentals rose by 17%, 5% and […]
Demand for Commercial real estate is pushing prime office rentals in major cities.more
By Abhay Harish Shah, Realty Quarter During the working hours on Saturday (1st June 2019), a part of the second-floor gallery collapsed in Aasha Usha Building located in Thane at Wagle Estate. Fortunately, the official sources noted that there was no casualty or injury. Panicked people of the building and neighbouring had called the Regional […]
A 25-year-old building crashed in Thane, 42 Families evacuated.more