Many people invest in property to get a regular rental income from it. But what if you don’t get a proper rental income on your property? Below are the general guidelines which can be followed in order to achieve higher rental income. It is often difficult for homeowners to assess the correct balance between the […]
How to determine an optimum rental amount for your apartment?more
The interest of private equity firms in Indian real estate continues undiminished, with investment in the sector rising to Rs 39,182 crore in the first three quarters of 2019, up 19% from the previous year. They have infused over 83.5% of these funds as equity capital, which reflects an appetite for Indian real estate industry. Private equity […]
PE investment in real estate has received Rs 39,182 cr in the first 3 quarters of 2019.more
One of Brihanmumbai Municipal Corporation (BMC)’s most ambitious projects the Goregaon-Mulund Link Road (GMLR), has reached a roadblock with a report from the National Board for Wildlife (NBWL) seeking a municipal government to conduct an environmental impact assessment before, during and after the project’s completion. In February of this year, the NBWL had settled the GMLR […]
Goregaon-Mulund link road project gets on hold as NBWL demands environmental impact report.more
On 29 October, Goa government, with the help of SINTEF Norway, Science and Technology Minister Michael Lobo, will set up a Construction and Demolition (C&D) waste recycling facility based in Irish technology. The facility will likely be located in North Goa while waste to energy plant is being planned in South Goa. In his speech to the reporters […]
Goa Government is planning to set a construction waste recycling plant with Irish Technology.more
The diversified business Nesco Ltd has given companies like HERE Technologies and IndiaFirst Life Insurance with over 6 lakh sqft prime offices in Mumbai. Nesco Ltd has built ‘Nesco Tower-4’ which comprises one million sq ft of leasable area in Goregaon East, Mumbai, with an investment of about Rs 600 crores, except land cost. Nesco Ltd […]
NESCO provides 6 lakh sqft office space in Mumbai to various firms.more
In Malad West at Orlem, owners of almost 10 bungalows, claiming they live there for decades, were allegedly told a member of a neighbouring colony of sweepers to incorporate them without their knowledge in a Slum Rehabilitation Authority (SRA) scheme. The 10 bungalows in D’Monte Lane received notifications of demolition after their owners were considered as […]
Ten Bungalows at Malad West have been allegedly marked under Slum Rehabilitation Authority Scheme.more
The High Court of Bombay said that a housing society that terminated their redevelopment agreement with a developer due to delay and then took over redevelopment through judicial decisions cannot be held liable, under RERA, as a ‘promoter’ for buyers that have reserved free sale flat. Justice S C Gupte nullified an order from the City Court […]
A society which has taken on the redevelopment under RERA is not liable for free sale flats.more
The real estate regulator of Maharashtra allowed homebuyers to complete a stuck project in Pune run by the stressed company DSK Group. More than 90% of the project has been christened “Sadaphuli” in Talegaon is finished in six years since it was launched, while buyers who have booked their apartments will now finish the rest, […]
MahaRERA in Pune allows home-buyers to complete stressed project of DSK group.more
The GVK Group has announced that it has raised more than Rs 7,600 crore from its stakeholders’ and the proceeds will be used for debt reduction and acquisition of 23.5% stake in the Mumbai International Airport (MIAL). This should prevent the bid of the Adani Group to acquire a stake in the company which operates […]
GVK receives more than Rs 7,600 crore from its investors, plans to cut off the company’s debts.more
Property Websites that go beyond advertisements and allow developers and home buyers to sell/purchase must be registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) within the next two months. The housing authorities have determined that such websites could be defined as real estate agents. In a recent order, the regulatory officer has indicated that portals […]
Real Estate Websites have to register with MahaRERA in next 2 months.more