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
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
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
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
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
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
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
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
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
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