Category: Realty_Quarter

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.

June 20, 2019

By Abhay Shah, Realty Quarter The Apex consumer commission has held that an unfair trade practice cannot be implemented. Currently, homebuyers must pay interest for delayed payments by 18% per annum, while the builders pay a mishap of 1.5%-2% for project delays. R K Agrawal President of the National Consumer Disputes Redressal Commission (NCDRC) and a member M […]

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.more

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.

By Abhay Shah, Realty Quarter On 18 June 2019, the US Green Building Council (USGBC) issued the list of India’s Top 10 LEED (Leadership in Energy and Environmental Design) states – the most widely used green building rating system in the world. The list was published for the second year in India and as on 31 […]

Maharashtra ranks at the top in LEED-certified spaces in India – USGBC report.more

A broker can now approach RERA authority if his brokerage is due.

June 19, 2019

By Abhay Shah, Realty Quarter Brokerage issues can now be covered in the context of a recent change in the regulations that were given by the housing department on June 6 by the Maharashtra Real Estate Regulatory Authority (MahaRERA). Marketing and brokerage following the sale of flats shall not be covered by the price of developing or […]

A broker can now approach RERA authority if his brokerage is due.more

What does CTS Number of property in Mumbai mean??

By Abhay Shah, Realty Quarter What does CTS Number of property in Mumbai mean?? You would have heard of the city survey number or CTS number if you owned a property in Mumbai or are preparing to purchase a land parcel in Mumbai. But what’s crucial about the city survey number and how is the […]

What does CTS Number of property in Mumbai mean??more

CREDAI has demanded that banks should fund developers to buy land for development of affordable housing projects.

June 18, 2019

By Abhay Harish Shah, Realty Quarter In its budget wish list, Realtors apex body CREDAI requested that banks should finance developers to purchase land to develop affordable housing projects. It has also indicated that all legislation should have the same concept of affordable housing. “Land as a value of the project comprises 40% of the […]

CREDAI has demanded that banks should fund developers to buy land for development of affordable housing projects.more

Residential developers are switching to construct Commercial Properties.

By Abhay Harish Shah, Realty Quarter The real estate industry has experienced the launch of projects in SEZ, retail, luxurious homes or even affordable housing, without any justification for countless occasions. This often resulted in over-supply of such projects in the particular segment, or the specific micro markets. In this context, some of the owners […]

Residential developers are switching to construct Commercial Properties.more

Minimum MahaRERA registration charges decreased from Rs.50,000 to Rs.10,000.

June 17, 2019

By Abhay Harish Shah, Realty Quarter In order to ensure that larger units can be undertaken under its remit, particularly in rural regions, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has decreased the minimum registration fee from Rs.50,000 to Rs.10,000. The amendment took place under the revised regulations issued by the Maharashtra Housing Department on […]

Minimum MahaRERA registration charges decreased from Rs.50,000 to Rs.10,000.more

Rules by FEMA to purchase a property abroad.

By Abhay Harish Shah, Realty Quarter The Foreign Exchange Management Act (FEMA) governs the provision for ownership of property outside India by a resident Indian. An Indian citizen may have a real estate overseas, subject to certain terms set out in the Foreign Exchange Management Act (FEMA). Owning a Property in abroad country: Without a particular […]

Rules by FEMA to purchase a property abroad.more

From July 1st SBI home loans will be linked with the repo rate.

June 15, 2019

By Abhay Harish Shah, Realty Quarter On Friday the State Bank of India (SBI), the largest mass-lender in the country, opened a unique era of customer credit transparency by connecting sales of their home financial goods with the amount used by the central bank to set a wider borrowing price in the industry. The lender said […]

From July 1st SBI home loans will be linked with the repo rate.more

NPAs decline to 9.3% in FY19, deeper than the RBI forecast: Crisil.

By Abhay Harish Shah, Realty Quarter In March 2019, the system-wide non-performing asset stock decreased significantly to 9.3%, much sooner than the Reserve Bank’s forecast and steeply down from 11.5% the year before, according to a report. The report by Crisil emerges at a moment when most banks are at the cusp of ending the NPA […]

NPAs decline to 9.3% in FY19, deeper than the RBI forecast: Crisil.more

Category: Realty_Quarter

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