Mehul Choksi heart illness, inability to return to India.

Scam Image

By Abhay Harish Shah , Realty Quarter Outlaw Businessman Mehul Choksi, one of the primary denounced Punjab National Bank (PNB) trick worth Rs.13,000 crore, has moved a request before the Prevention of Money Laundering Act (PMLA) court. Choksi looked for the retraction of the non-bailable warrant which had been issued against him on 22nd May 2018. His application came three […]

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Embassy office REIT received success in its IPO.

Initial Public Offering

By Abhay Harish Shah , Realty Quarter Real Estate Investment Trust (REIT), helps an investor to invest in real estate which is been already approved by the Security and Exchange Board of India (SEBI). Most REIT companies, trade on stock exchanges and they provide many benefits to their investor. REIT received a positive response in its IPO meanwhile REIT is […]

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Directors of Zenal Construction got arrested for not delivering the flat.

By Abhay Harish Shah , Realty Quarter Investors plan to secure their future by purchasing a property but, Builders/Developers make the false promise and take out the money from the client. A similar case happened with an event management firm located near Marine Driver. Two directors of a construction firm got arrested because of duping the proprietor money of Rs.4 […]

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Parsvnath Developers terminated project of Rs.1,034cr.

By Abhay Harish Shah , Realty Quarter A formal case of 2016 of Parsvnath Developers has been upheld by Delhi High Court. In 2010, Parsvnath purchased the land through an auction near Sarai Rohilla-Kishanganj and an agreement between RLDA and PRLPPL was passed in 2013. It is said that the company has paid Rs. 1,150 crore in the auction. While […]

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IBA and CREDAI join up to solve unfinished project.

By Abhay Harish Shah , Realty Quarter                               The problem of delaying the unfinished projects is quite annoying and stressful for the residing people. Recently, In an ongoing gathering with agents of the Indian Banks Association (IBA), real-estate developers examined different issues like taking over of incomplete […]

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Maharashtra cuts 50% FSI for commercial or mixed used plots

By Abhay Harish Shah , Realty Quarter As towns are getting populated and it makes living so congested the state government has planned to reduce basic Floor Space Index also known as FSI by 50%. This rule is majorly for commercial, mixed-use and industrial plots in unified development control regulations (DCR). They say that FSI of big residential plots can […]

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Real Estate Investment Trust (REIT) and its Advantages.

By Abhay Harish Shah , Realty Quarter The basic term for any investment need was LIC, Mutual Fund, Gold and Real-estate. Gone are the days when a large number of people were investing in real-estate. Due to a static market, people don’t tend to invest in real-estate as much, as it used to be previously. Real Estate Investment Trust (REIT) […]

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Service Tax charged on Redeveloped projects done by Developers

Service Tax charged on Redeveloped projects done by Developers

By Abhay Harish Shah , Realty Quarter Again a new problem arose for the real estate people. A developer redevelops a society and delivers the apartment to its original owners for free of cost. The tax department wants to impose service tax on those projects which have been redeveloped and delivered. The Indirect tax department has issued about 400 notice […]

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Best Customer Delight Company of the Year – Bandra Rentals Private Limited

Customer Delight Company of the Year

By Realty Quarter Bureau REALTY QUARTER – Real Estate Industry Leadership Award 2019 Best Customer Delight Company of the Year – Bandra Rentals Private Limited, Mr. SIDDHANT, (Company Head) and Award received from Shri SULAIMAN BHIMANI (President of Citizens Justice Forum), Mumbai. Bandra Rentals, an expat owned commercial and residential rental property placement firm, was founded to assist expats, high-net-worth […]

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Best Emerging Developer of the Year- KHUSHI WORLD

Best Emerging Developer of the Year

By Realty Quarter Bureau REALTY QUARTER – Real Estate Industry Leadership Award 2019 Best Emerging Developer of the Year- KHUSHI WORLD, Mr. Raj Sharma Vice President and Award received from Shri SULAIMAN BHIMANI (President of Citizen Justice Forum). We are in the business of construction, building and developing, but our focus has always been you. That’s because our every move, […]

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