Category: Infrastructure

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

May 29, 2019

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

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

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

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 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

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

Category: Infrastructure

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