Category: Mumbai

IL&FS planning to raise Rs 5,000-6,000 crore by selling its Non-core Real Estate Assets.

May 31, 2019

By Abhay Harish Shah, Realty Quarter Infrastructure Leasing & Financial Services (IL&FS) is planning to sell its non-core real estate assets, which also includes its headquarters in Mumbai. In order to reduce debt and improve cash position Infrastructure group is planning to raise Rs 5,000-6,000 crore by selling its non-core assets. There are approx 50 […]

IL&FS planning to raise Rs 5,000-6,000 crore by selling its Non-core Real Estate Assets.more

Credai signs MOU with IGBC to construct Green Building Projects across 5 cities.

By Abhay Harish Shah, Realty Quarter The Apex Group of real estate developers Credai plans to develop green building projects in five cities in order to promote the green movement of the country. In this context, at the ceremony for the establishment of the Credai Youth Wing and the Credai Women’s Wing in Hyderabad, it also […]

Credai signs MOU with IGBC to construct Green Building Projects across 5 cities.more

The BMC to continue 508 roads with pothole filling mixture for this Monsoon.

May 30, 2019

By Abhay Harish Shah, Realty Quarter The pothole is a most discussed issue in the monsoon season. In Mumbai, people face a lot of difficulties while commuting from one place to another. BMC is working hard to make Mumbai monsoon travel a safer one. The BMC has already distributed 828 metric tonnes but still works on […]

The BMC to continue 508 roads with pothole filling mixture for this Monsoon.more

Finance Ministry will exempt rental profits earned by Builders in past 10 years.

By Abhay Harish Shah, Realty Quarter In the past few years, real estate developers have faced many challenges because of the frozen market. For the same, in a recent meeting with senior finance ministry officials, the real estate developers were asked to recommend some steps to address such challenges. According to the sources, they were […]

Finance Ministry will exempt rental profits earned by Builders in past 10 years.more

Maharashtra state government will grant Rs 1,000 crore construction rights sop for Dharavi Redevelopment.

May 29, 2019

By Abhay Harish Shah, Realty Quarter The State government will grant additional development rights (known as the fungible FSI) for free, providing superior support to the developer of the Dharavi Redevelopment project. The decision might cost the government a turnover of Rs 1,000crore. The government grants the rehabilitation component of all redevelopment projects a free […]

Maharashtra state government will grant Rs 1,000 crore construction rights sop for Dharavi Redevelopment.more

Sanjay Kshirsagar got arrested on charges of defrauding home buyers for a Floating Project.

By Abhay Harish Shah, Realty Quarter On 27th May a Malad-based builder, accused of defrauding homebuyers was arrested. The FIR also includes the name of Atul Prabhu, who is the son of very famous architect Shashi Prabhu. According to the report, one of the directors of APA Infraventures named Sanjay Kshirsagar started taking bookings for […]

Sanjay Kshirsagar got arrested on charges of defrauding home buyers for a Floating Project.more

Important clauses a borrower should read before signing a Home Loan Agreement.

May 28, 2019

By Abhay Harish Shah, Realty Quarter The borrower is required to sign and execute the loan agreement before getting the payment of the home loan amount. The loan agreement sets out the terms and conditions of the bank’s credit facility and establishes a mortgage at home in the interest of the bank. Although the loan […]

Important clauses a borrower should read before signing a Home Loan Agreement.more

GST relief on development rights might be granted to Realtors.

By Abhay Harish Shah, Realty Quarter As the New Goods and Service Tax (GST) slashed from 12% to 5% for an under construction building, the Realty market has gone crazy to look out for their margin. According to the latest report, a new tax rule may offer relief to the property developer on the liability […]

GST relief on development rights might be granted to Realtors.more

BMC clears high rise building proposal for Khar Building in just 24 hours.

May 27, 2019

By Abhay Harish Shah, Realty Quarter The BMC (Brihanmumbai Municipal Corporation) got into controversy since a decision got in place to clear a proposal for a high-rise commercial building located in Khar. This decision was carried within 24 hours from May 9th to 10th, which consist over 6 stages starting from the engineer’s desk to […]

BMC clears high rise building proposal for Khar Building in just 24 hours.more

Officials claims that 99% of Maharashtra Housing Societies have not done their Fire Audit.

By Abhay Harish Shah, Realty Quarter Fire safety is a compulsory parameter to get approval for any housing society or commercial building. On Monday, Officials claimed that nearly 99% of the Housing societies in Maharashtra have not done their fire audits. Sitaram Rane (Maharashtra State Co-Operative Housing Federation chairman) said “The housing societies were taking […]

Officials claims that 99% of Maharashtra Housing Societies have not done their Fire Audit.more

Category: Mumbai

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