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SEBI

SEBI proposes review of buyback norms for companies with HFCs as subsidiaries.

May 24, 2019

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
Esplanade Heritage Mansion.

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
Mumbai Expo

LED Expo Mumbai 2019 shows tremendous demand for Solar and Smart Lighting.

By Abhay Harish Shah, Realty Quarter In the recent Edition of LED Expo Mumbai 2019, the LED industry in India concentrates mostly on solar and smart lighting. With 295 exhibitors, the 20th edition of the fair saw a 21% growth, attracting 10,221 business visitors, a 6% increase from previous visits. Messe Frankfurt Asia Holding, executive […]

LED Expo Mumbai 2019 shows tremendous demand for Solar and Smart Lighting.more
RBI

RBI will establish a specialized framework for bank and NBFC regulation.

May 22, 2019

By Abhay Harish Shah, Realty Quarter In a statement on 21st May 2019, the Reserve Bank of India (RBI) board decided to set up a specialist overseeing and regulatory framework for the RBI with the aim of strengthening the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies, the central bank […]

RBI will establish a specialized framework for bank and NBFC regulation.more

Residents of Thakur Village complained against Raheja Universal for forcefully taking over car parking area – Mumbai.

May 21, 2019

By Abhay Harish Shah, Realty Quarter Thakur Village, Kandivali, residents of an elegant building alleged the builder had forcefully seized the parking slots despite a civil court’s residency order to use/sell the disputed parking spaces. They even complained to the police of Samata Nagar that Raheja Universal Private Limited was acting in disregard of the court since […]

Residents of Thakur Village complained against Raheja Universal for forcefully taking over car parking area – Mumbai.more
Dharavi Project

Dharavi Redevelopment Project bidding process might be scrapped says Maharashtra Government.

By Abhay Harish Shah, Realty Quarter Because of problems relating to the inclusion of 45 acres of railway land in the project, The State government plans to discard the bidding process for the Dharavi redevelopment project. The offers for the redevelopment of the Dharavi Slum were opened on February 18, spread across 600 acres of Mumbai and […]

Dharavi Redevelopment Project bidding process might be scrapped says Maharashtra Government.more
Government of Environment and Forests

No environmental clearance required for construction on the surface of 20,000-50,000 sq.mt – Environment Ministry’s says.

May 20, 2019

By Abhay Harish Shah , Realty Quarter The centre stated that in its revised notification on the environmental impact assessment (EIA), construction in areas between 20,000 and 50,000sq.mt would no longer require environmental clearance by the government. The recently issued notice of the Ministry of the Environment indicates that, on the base of amendments and experience in […]

No environmental clearance required for construction on the surface of 20,000-50,000 sq.mt – Environment Ministry’s says.more
Bombay High Court logo

Bombay High Court Declares Builder cannot delay transfer of society after OC is given.

By Abhay Harish Shah , Realty Quarter Occupancy Certificate is a significant report which shows that the structure was built in accordance with acceptable plans and local legislation. After ensuring that all local regulations are complied with, the local municipal company issues this paper. The builder shall receive the certificate of occupancy. Many financial institutions […]

Bombay High Court Declares Builder cannot delay transfer of society after OC is given.more


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