The Central Bank and government have taken meaningful measures to alleviate the stress in the real estate sector by executing three successive repo rate cuts and rationalising the Goods and Services Tax (GST) regime. Now is the time to look further and focus on more specific issues. Following are a series of expectations from the […]
Union Budget, 5th July 2019 – Expectations Notemore
By Abhay Shah, Realty Quarter On 25 June 2019 the New Delhi Municipal Council (NDMC) finished 72 projects under the smart city initiative, including the deployment of water ATMs, decentralized wastewater treatment facilities and underground bins, further 39 more projects are in the pipeline, stated by the civic body’s chairman. NDMC president Naresh Kumar said, at […]
As part of smart city projects, NDMC has installed water ATMs and underground bins in 72 projects.more
By Abhay Shah, Realty Quarter On June 24, the BMC told Bombay high court, that the South Coastal Road (SCR) project had all required approvals. The notification of 2006 of the Environmental Impact Assessment did not apply for the project and, accordingly, no environmental clearance was needed, said Senior Advocate Darius Khambata, counsel for BMC. […]
BMC reports Bombay high court for having all the approvals for SCR project.more
By Abhay Shah, Realty Quarter In order to provide home buyers, developers and officials with an opportunity for the exchange of opinions, the centre has intended to create a common online platform for the Real Estate Regulatory Authority (RERA) in all states and UTs. Housing and Urban Affairs Secretary Durga Shanker Mishra announced here the Government’s strategy and said […]
The Center intends to establish a common online platform for Real Estate Regulatory Authority (RERA) of all states and UTs.more
By Abhay Shah, Realty Quarter According to a home buyers’ body FPCE, the government in the forthcoming budget should establish an Rs.10,000 crore fund to finish stalled property projects across the nation and provide assistance for more than 5 lakh individuals who have booked homes. Forum for People’s Collective Efforts (FPCE) previously referred to as Fight for […]
FPCE wishes to finish stalled projects by getting Rs.10,000 crore’s stress fund in the budget.more
By Abhay Shah, Realty Quarter The first phase to construct a house is the purchase of a piece of land. It is therefore essential to verify that the property has a definite, marketable name so that legal problems do not occur. In India, one has to verify that there are no conflicts or legal hazards […]
Understanding legal norms while buying Agricultural land in India.more
By Abhay Shah, Realty Quarter The minutes of the Monetary Policy Committee show that the shift in policy position of RBI will result in price reductions in the future, said a report on Friday. Governor Shaktikanta Das had confined himself to say that, in the future, there will be no price increases following the June 6 […]
Change in RBI’s stance suggests further price reductions: Nomura.more
By Abhay Shah, Realty Quarter Digitisation is a method that influences every sector and transforms it. As we enter the fourth stage of the industrial revolution, where digital technologies are deployed to shift our lifestyle from transport to health and education. Digitalisation also transforms the property industry in terms of construction, property governance, advertising and […]
Digitisation of land records will bring transparency in property price.more
By Abhay Shah, Realty Quarter On Thursday, The Enforcement Directorate told a Mumbai court that a subsidiary of the crisis-hit IL&FS Group called as IL&FS Financial Services (IFIN), alone had supposedly laundered more than Rs.5,000 crores of shareholder funds. In a remand application submitted to the special court, the ED asserted that the group was […]
IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.more
By Abhay Shah, Realty Quarter Vashi has been the oldest and most advanced node to accelerate redevelopment projects of dilapidated buildings. The identification committee has already cleared 18 proposals, 16 of them are in Vashi, with one in Koparkhairane and one in Nerul nodes. According to NMMC, there are some 30-40 proposals for redevelopment sent to the committee for […]
Vashi ranks top for redevelopment projects by getting 16 proposals approved.more