By Abhay Harish Shah, Realty Quarter As the New Goods and Service Tax (GST) slashed from 12% to 5% for an under construction building, the Realty market has gone crazy to look out for their margin. According to the latest report, a new tax rule may offer relief to the property developer on the liability […]
GST relief on development rights might be granted to Realtors.more
By Abhay Harish Shah, Realty Quarter The BMC (Brihanmumbai Municipal Corporation) got into controversy since a decision got in place to clear a proposal for a high-rise commercial building located in Khar. This decision was carried within 24 hours from May 9th to 10th, which consist over 6 stages starting from the engineer’s desk to […]
BMC clears high rise building proposal for Khar Building in just 24 hours.more
By Abhay Harish Shah, Realty Quarter Fire safety is a compulsory parameter to get approval for any housing society or commercial building. On Monday, Officials claimed that nearly 99% of the Housing societies in Maharashtra have not done their fire audits. Sitaram Rane (Maharashtra State Co-Operative Housing Federation chairman) said “The housing societies were taking […]
Officials claims that 99% of Maharashtra Housing Societies have not done their Fire Audit.more
By Abhay Harish Shah, Realty Quarter State-owned NBCC, Jaypee Infratech’s debt-laden offers, are unlikely to dilute certain terms, including exemption from tax liability, yet are ready to negotiate a proposed unsold apartment, sources said. The lenders of Jaypee Infratech began negotiating the latter’s offer to acquire the property firm with NBCC. The National Company Law […]
Jaypee lenders Infratech begin negotiating the NBCC bid under an order from the NCLAT.more
By Abhay Harish Shah, Realty Quarter In the wee hours of May 17th to 19th, 2019 (Friday, Saturday and Sunday) the Metropolitan Development Authority in Mumbai (MMRDA) launched six main girders each across the Sion Railway over Bridge (ROB) and the Chunabhatti ROB. In a statement, the Agency stated that 6 girders, which had been […]
Elevated corridor BKC-Eastern Express Highway is scheduled to be ready by July 2019more
By Abhay Harish Shah, Realty Quarter How will you feel when you see your future flat blueprint to be great but in real builder doesn’t fulfil all the said commitments? As a buyer, you will feel cheated right? A similar kind of case happened at Goregaon East where a Residents of a 31 storey tower […]
Omkar Ananta’s residents are looking for MahaRERA to intervene against VGS Realty Constructionmore
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
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
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
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
