Category: Realty_Quarter

Credai –MCHI reports about 65% of home buyers defaulting on installments.

March 18, 2020

The coronavirus disease has had a crippling impact on the real estate sector with approximately 65% flat buyers defaulting on installments since last week, said Credai -MCHI, the apex body comprising more than 1,400 builders in the Mumbai metropolitan region (MMR). Worse, there are also reports of the closing down of malls that retail stores will […]

Credai –MCHI reports about 65% of home buyers defaulting on installments.more

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.

SoftBank Group is contemplating retreating out of a $3 billion bid to buy additional shares in WeWork because it thinks the office-space sharing business has not fulfilled the conditions of the contract, said people familiar with the matter on March 17. The U-turn by SoftBank will be the latest blow to WeWork investors, who saw […]

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.more

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.

March 17, 2020

As per property consultancy JLL India, approximately 30% of office buildings in Mumbai, Delhi-NCR and Bengaluru are at least a decade old and require refurbishment that might cost over Rs 5,500 crore. The consultancy said in a report ‘Futureproofing 2.0 Upgrading commercial properties to build sustainable value’ after upgrading, rents might increase by up to […]

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.more

Gujarat co-operative society’s residents can now apply for redevelopment.

Residential buildings incorporated under the 1962 Gujarat Co-Operative Societies Act and intending to conduct redevelopment can now apply to the Paldi Co-operative Registrar, according to an urban development department notification. There are 6,714 housing societies established under the GCS Act of 1962 in Ahmedabad and over the last three months, several of this demonstrated an unwillingness […]

Gujarat co-operative society’s residents can now apply for redevelopment.more

Indian Railways to monetize land parcels by leasing it to e-commerce firms.

March 16, 2020

The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]

Indian Railways to monetize land parcels by leasing it to e-commerce firms.more

South Delhi announces tax exemption for residents of the illegal colonies.

An amnesty scheme has been declared by South Delhi Municipal Corporation to provide relief for inhabitants of unauthorized colonies. SDMC Mayor Sunita Kangra clarified that, under the terms of the scheme, the unpaid tax in respect of residential property in unauthorized colonies would be exempted from payment by paying just the current year’s tax. “In […]

South Delhi announces tax exemption for residents of the illegal colonies.more

Telangana CM plans to hike property tax following improvements in Villages and Cities services.

March 14, 2020

Days after hinting at jacking up the power tariff and other taxes, chief minister K Chandrasekhar Rao declared on Friday at the assembly that property tax would be hiked in gram panchayats and municipalities. According to the chief minister, the TRS government had the guts to first tell the people and then raise the tax […]

Telangana CM plans to hike property tax following improvements in Villages and Cities services.more

Top 5 property apps to consider while hunting a house.

Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]

Top 5 property apps to consider while hunting a house.more

BMC expects to receive Rs 600 crore through the Vacant Land Tenancy (VLT) scheme.

March 13, 2020

The civic general body approved a vacant land tenancy scheme (VLT) on Wednesday in a view to boosting revenue. The BMC plans to receive Rs 500-600 crore one-time revenue from 213 plots, covering more than 125 sq ft, which will be leased at 62.5% of ready reckoner rates. These involve gymkhanas, cricket fields, community centres and godowns […]

BMC expects to receive Rs 600 crore through the Vacant Land Tenancy (VLT) scheme.more

Lodha Ventures backs MultiLiving startup by investing Rs. 45crore.

Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, has invested Rs 45 crore in MultiLiving, a luxury service apartment startup. MultiLiving provides a network of luxury designed residences for urban professionals. The property business operates in Lower Parel, Powai, BKC, Kanjurmarg, and Vikhroli at the moment in Mumbai. “MultiLiving is […]

Lodha Ventures backs MultiLiving startup by investing Rs. 45crore.more

Category: Realty_Quarter

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