Private equity retail arm Xander has agreed to purchase 20 acres of land in J K Gram, Thane, from the largest textile company Raymond Ltd for Rs 700 crore. Another Rs 1,700 crore will be invested by the buyer to develop the site. The plot at the Raymond Junction near the Singhania School has a […]
Raymond sells its Thane plot to a private equity firm for Rs 700 crore.more
Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]
Almost 421 realtors were under the bankruptcy court, doubled then the last year.more
By Abhay Shah On Monday, the Supreme Court stopped authorities from cutting more trees in Mumbai’s Aarey which is good news for environmental activists. A special bench consisting of justices Arun Mishra and Ashok Bhushan notified that they would have to review all the issue and bring it before the forest bench for hearing on 21 October. […]
A small win to the environmental activists as Supreme Court orders for no more cutting-down trees in Aarey Colony.more
By Abhay Shah, Realty Quarter Lightings can enhance the complete look of a house. It speaks the lifestyle of a person living in that house. It can change the mood of a person. Nowadays, according to their mood people set up the lighting effect. For a designer, it is crucial to find customer taste and […]
Top lighting ideas of 2019 to make your House look perfect.more
By Abhay Shah, Realty Quarter The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more
By Abhay Shah, Realty Quarter A number of housing societies whose funds are held in the PMC bank are confronted with a payment crisis along with the individual small depositors. Several household companies with funds held at the PMC Bank are facing a payment crisis, as well as individual small depositors. Management committees are distressed […]
Housing Societies funds got blocked due to the PMC bank crisis.more
By Abhay Shah, Realty Quarter According to the sources, the Ministry for Housing and Urban Affairs plans to set up a specific unit to monitor the execution of the Pradhan Mantri Awas Yojana (Urban) under the Housing for All flagships by 2022. The Program Management Department (PMU) will provide targeted support for PMAY (U), according […]
Government seeks to build a dedicated unit for monitoring Pradhan Mantri Awas Yojana.more
By Abhay Shah, Realty Quarter The Noida Authority is ready to issue an occupancy certificate and completion certificate online. On 25 September the applications webpage will be inaugurated and certificates will be issued for residential and industrial areas. Access to the software is possible via the website of the Noida Authority and from the Nivesh […]
Noida Authority releases a website to issue OC and CC online.more
By Abhay Shah, Realty Quarter On September 24, a court here that was hearing cases related to the illegal construction of high-rise buildings in the Shahberi village at Greater Noida rejected anticipatory bail pleas by 19 developers. Additional sessions Judge Indrapreet Singh Josh also directed the Greater Noida Industrial Development Authority (GNIDA), district administration and police to […]
Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.more
By Abhay Shah, Realty Quarter The State Housing Department is set to make land title insurance compulsory for MahaRERA registered developers, for whom insurers are already discussing the premium with the regulatory authority. Land Title Insurance is a form of indemnity cover that provides builders and customers with insurance against financial losses resulting from defects in property […]
The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.more
