Category: News

MahaRERA declares investor can claim a refund with MoU agreement.

September 7, 2019

By Abhay Shah, Realty Quarter Although two homebuyers only had a Memorandum of Understanding (MoU) as evidence that they invested in an Oshiwara highrise apartment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) held that it was sufficient proof of ownership and instructed the developer to repay Rs 82.95 lakh with 10.75% interest from 2012. According […]

MahaRERA declares investor can claim a refund with MoU agreement.more

Anarock Report: Housing sales may increase 5-7% this festive season.

September 6, 2019

By Abhay Shah, Realty Quarter The slew of measures taken by the Modi government to boost housing demand is expected to increase housing sales in the festive season by 5-7%, Anarock Research said in a report. Freebies to attract customers this festive season beginning with Ganesh Chaturthi range from plain vanilla cost cuts, money-saving opportunities […]

Anarock Report: Housing sales may increase 5-7% this festive season.more

For all new housing loans, Banks are required to pass on rate cuts.

By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]

For all new housing loans, Banks are required to pass on rate cuts.more

Update on Aarey Colony: Bombay High Court gave 5 days to BMC to reply about Tree Authority decision.

September 5, 2019

By Abhay Shah, Realty Quarter On Wednesday, the Bombay High Court granted the BMC five days to respond to a petition lodged against the decision of the Tree Authority to remove 2,646 trees for the Metro III car-shed from Aarey Colony. The court did not give a stay as the BMC acknowledged that there was […]

Update on Aarey Colony: Bombay High Court gave 5 days to BMC to reply about Tree Authority decision.more

The state of Maharashtra will buy land in Kashmir and will construct 2 resorts.

By Abhay Shah, Realty Quarter The Maharashtra government is planning to purchase two parcels of land, one each in Jammu and Kashmir and Ladakh, before 31 October, the day central laws are planned to come into effect in the state, for resort construction. For the intent, Maharashtra Tourism Minister Jaykumar Rawal said it has allocated […]

The state of Maharashtra will buy land in Kashmir and will construct 2 resorts.more

Indiabulls Housing Finance to sell its South Mumbai’s property for Rs 121 crore.

September 4, 2019

By Abhay Shah, Realty Quarter Indiabulls Housing Finance has placed a top two-storey bungalow property on the block to recover its dues from owner Phulchand Exports in South Mumbai’s plush Cuffe Parade area. The bungalow’s reserve price is laid at Rs 121 crore, with 12,100 sq ft build-up area, and the company dues and loan […]

Indiabulls Housing Finance to sell its South Mumbai’s property for Rs 121 crore.more

Signature Global (Affordable Housing Developer) will invest Rs 385 crore for its new housing project in Gurugram.

By Abhay Shah, Realty Quarter Signature Global Real Estate Company will invest Rs 385 crore over the next three years to develop a housing project in Gurugram, Haryana, said a top official of the company. For nearly Rs 100 crore, the national capital-based firm has purchased 17.35 acre of land at Sohna and will build 864 independent floors in two […]

Signature Global (Affordable Housing Developer) will invest Rs 385 crore for its new housing project in Gurugram.more

Flexible workplace operators will hit a record, expected to account 18-20% of total gross leasing of office space.

September 3, 2019

By Abhay Shah, Realty Quarter According to estate consultant Colliers, the flexible segment of the workplace, which is increasing rapidly in India, may see a significant expansion from next year as big companies will aim to obtain smaller ones for inorganic growth. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune markets are expected to reach […]

Flexible workplace operators will hit a record, expected to account 18-20% of total gross leasing of office space.more

Azad Nagar, Wadala chawl residents protest against RNA developers.

By Abhay Shah, Realty Quarter On Sunday, over 200 residents of Azad Nagar chawls in Wadala protested against East and West Developers, part of the RNA Group, demanding that either they be paid a 22-months’ rent for transit accommodation in accordance with the March 2019 High Court Order or that the BMC should terminate the development agreement […]

Azad Nagar, Wadala chawl residents protest against RNA developers.more

PMC decided to increase illegal building demolition charges by 5 times.

September 2, 2019

By Abhay Shah, Realty Quarter The civic body has decided to increase by five times the demolition charges recovered from owners of illegal buildings. Previously, the charges for demolishing an illegal construction of about 1,000 sqft were Rs20,000. The amended charges will be around Rs1 lakh. Pune Municipal Corporation (PMC) officials said the demolition work in […]

PMC decided to increase illegal building demolition charges by 5 times.more

Category: News

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