Category: News

Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.

June 11, 2019

By Abhay Harish Shah, Realty Quarter Two house buyers, who have been denied by the Maharashtra Real Estate Regulatory Authority for their complaint regarding violations of the development agreement of the Vile Parle project in Bombay, have now moved an arbitration petition to the High Court and sought damages from the developer of Rs. 1.62 […]

Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.more

The state government approves reduction on stamp duty for the BIT Chawls redevelopment.

By Abhay Harish Shah, Realty Quarter The state government has drastically slashed construction stamping charges, especially in the island town between Colaba and Byculla, for builders who redevelop municipal tenanted properties. However, the bonanza is not for the free-sale element but for the rehab part of the project. The aim of this sop is to […]

The state government approves reduction on stamp duty for the BIT Chawls redevelopment.more

MahaRERA declares – Developers are not allowed to transfer their majority stakes without written approval from the authority.

By Abhay Harish Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) makes the declaration that while transferring or allotting promoters rights and liabilities to a third-party the real estate developers has to disclose any financial creditors charge on their projects. The regulator’s direction assumes importance, upon growing instances of joint development contracts or […]

MahaRERA declares – Developers are not allowed to transfer their majority stakes without written approval from the authority.more

Indiabulls sells its 14% stake to Embassy.

June 8, 2019

By Abhay Harish Shah, Realty Quarter Embassy real estate development acquired an approximately 14% stake in Indiabulls real estate on Friday from its promoter via a bulk stock deal. The contract is composed of the three-phase transaction in which an alliance of Blackstone Group-Embassy will acquire the 39.5% shareholding of Rs.2,700 crore by Indiabulls Group […]

Indiabulls sells its 14% stake to Embassy.more

Should you apply for a loan from an HFC or a bank? – Explained.

By Abhay Harish Shah, Realty Quarter Housing Finance companies (HFCs) are companies which are licensed to provide house loans under the NHB’s rules by the National Housing Board (NHB). On the other side, The Reserve Bank of India (RBI) regulates banks. New house buyers are often in a difficult situation to decide whether to apply for […]

Should you apply for a loan from an HFC or a bank? – Explained.more

The RBI rate reduction will enhance the affordability of home purchasers – Latest Update

June 7, 2019

By Abhay Harish Shah, Realty Quarter For the third time this year, the real estate sector has welcomed RBI’s decision to lower interest rates by 25 basis points. It is expected to lead to a decrease in home loan EMIs and increase affordability for homebuyers. The main challenge, however, is for RBI to ensure that the […]

The RBI rate reduction will enhance the affordability of home purchasers – Latest Updatemore

Government to waive stamp duty for Navi Mumbai International Airport contracts.

By Abhay Harish Shah, Realty Quarter On 4th June Maharashtra cabinet finalized of not charging any single amount as stamp duty for contracts which is related to the construction of the upcoming International Airport near Navi Mumbai. The new airport is being developed by the CIDCO government agency. The job at the airport involves minerals excavation. […]

Government to waive stamp duty for Navi Mumbai International Airport contracts.more

DHFL got 7 days grace period, after failing Rs.1,000 crore plus obligation deadline.

June 6, 2019

By Abhay Harish Shah, Realty Quarter On Tuesday the Dewan Housing Finance Ltd (DHFL) was supposed to pay the outstanding bonds but, the deadline is passed and the payment is still on due. DHFL has got 7 days grace period later. The company is in discussion with financiers who can help to meet its Rs.1,000 […]

DHFL got 7 days grace period, after failing Rs.1,000 crore plus obligation deadline.more

Piramal Group combines luxury and modern life with its newly launched “Back to Nature – Space to Grow” project.

By Abhay Harish Shah, Realty Quarter The real estate development arm of Piramal Group (Piramal Realty) has successfully launched a unique concept at Piramal Mahalaxmi in South Mumbai called as ‘Back to Nature – Space to Grow’. This idea is central to the dedication of Piramal Realty to Biophilia, a design philosophy that seamlessly […]

Piramal Group combines luxury and modern life with its newly launched “Back to Nature – Space to Grow” project.more

Real Estate Investors are choosing Tier 2 & Tier 3 cities over Tier 1.

June 5, 2019

By Abhay Harish Shah, Realty Quarter The real estate market has become competitive, and sectors which were underdeveloped is taking a pace for its growth in infrastructure, also the prices are comparatively less, than the developed city. Because of the above-given factors, real estate investors are opting for tier-2 and tier-3 cities in India. […]

Real Estate Investors are choosing Tier 2 & Tier 3 cities over Tier 1.more

Category: News

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