Category: Mumbai

Jaypee Infratech

Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.

May 25, 2019

By Abhay Harish Shah, Realty Quarter State-owned NBCC, Jaypee Infratech’s debt-laden offers, are unlikely to dilute certain terms, including exemption from tax liability, yet are ready to negotiate a proposed unsold apartment, sources said. The lenders of Jaypee Infratech began negotiating the latter’s offer to acquire the property firm with NBCC. The National Company Law […]

Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.more
BKC-EEH

Elevated corridor BKC-Eastern Express Highway is scheduled to be ready by July 2019

By Abhay Harish Shah, Realty Quarter In the wee hours of May 17th to 19th, 2019 (Friday, Saturday and Sunday) the Metropolitan Development Authority in Mumbai (MMRDA) launched six main girders each across the Sion Railway over Bridge (ROB) and the Chunabhatti  ROB. In a statement, the Agency stated that 6 girders, which had been […]

Elevated corridor BKC-Eastern Express Highway is scheduled to be ready by July 2019more
MahaRERA

Omkar Ananta’s residents are looking for MahaRERA to intervene against VGS Realty Construction

May 24, 2019

By Abhay Harish Shah, Realty Quarter How will you feel when you see your future flat blueprint to be great but in real builder doesn’t fulfil all the said commitments? As a buyer, you will feel cheated right? A similar kind of case happened at Goregaon East where a Residents of a 31 storey tower […]

Omkar Ananta’s residents are looking for MahaRERA to intervene against VGS Realty Constructionmore
SEBI

SEBI proposes review of buyback norms for companies with HFCs as subsidiaries.

By Abhay Harish Shah, Realty Quarter Regulatory Officer Sebi on Wednesday proposed amendments to the share buyback rules for non-bank financial and housing finance undertakings. A discussion paper was issued to look for proposals concerning the revision of terms and conditions of securities buyback. In relation to the share purchase of companies with Non-Banking Financial Companies […]

SEBI proposes review of buyback norms for companies with HFCs as subsidiaries.more
Esplanade Heritage Mansion.

Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.

May 23, 2019

By Abhay Harish Shah, Realty Quarter Bombay High court is going to decide about Mumbai’s most historical building future. Will Mumbai lose its historical Esplanade Mansion?  India’s oldest cast-iron building on the list of 100 world monuments at risk? The fate in Bombay’s high court can now rest on the 156-year-old historic building. A report […]

Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.more
Mumbai Expo

LED Expo Mumbai 2019 shows tremendous demand for Solar and Smart Lighting.

By Abhay Harish Shah, Realty Quarter In the recent Edition of LED Expo Mumbai 2019, the LED industry in India concentrates mostly on solar and smart lighting. With 295 exhibitors, the 20th edition of the fair saw a 21% growth, attracting 10,221 business visitors, a 6% increase from previous visits. Messe Frankfurt Asia Holding, executive […]

LED Expo Mumbai 2019 shows tremendous demand for Solar and Smart Lighting.more
RBI

RBI will establish a specialized framework for bank and NBFC regulation.

May 22, 2019

By Abhay Harish Shah, Realty Quarter In a statement on 21st May 2019, the Reserve Bank of India (RBI) board decided to set up a specialist overseeing and regulatory framework for the RBI with the aim of strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the central bank […]

RBI will establish a specialized framework for bank and NBFC regulation.more

Residents of Thakur Village complained against Raheja Universal for forcefully taking over car parking area – Mumbai.

May 21, 2019

By Abhay Harish Shah, Realty Quarter Thakur Village, Kandivali, residents of an elegant building alleged the builder had forcefully seized the parking slots despite a civil court’s residency order to use/sell the disputed parking spaces. They even complained to the police of Samata Nagar that Raheja Universal Private Limited was acting in disregard of the court since […]

Residents of Thakur Village complained against Raheja Universal for forcefully taking over car parking area – Mumbai.more
Dharavi Project

Dharavi Redevelopment Project bidding process might be scrapped says Maharashtra Government.

By Abhay Harish Shah, Realty Quarter Because of problems relating to the inclusion of 45 acres of railway land in the project, The State government plans to discard the bidding process for the Dharavi redevelopment project. The offers for the redevelopment of the Dharavi Slum were opened on February 18, spread across 600 acres of Mumbai and […]

Dharavi Redevelopment Project bidding process might be scrapped says Maharashtra Government.more