Tag: #Developers

IPE

Visit Biggest Indian Property Expo in Mumbai and Buy your dream home with special discount and offers.

November 12, 2019

Realty Quarter announce it’s 5th edition of Indian Property Expo on 16th & 17th november 2019 at Golden Petal Banquet Hall, 2nd Floor, Growels 101 Mall, Kandivali (East), Mumbai. Indian Property Expo is a platform in bringing together the whole of real estate from the sector across India backed by many Trade Associations, Financial Institutions, […]

Visit Biggest Indian Property Expo in Mumbai and Buy your dream home with special discount and offers.more
MahaRERA

MahaRERA update: Builders need to provide SRO details from 1st December.

November 5, 2019

As per the latest amendments made by MahaRERA, from 1st December onwards, all developers who are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) will have to provide details about the developer’s body with whom they are linked with. Officials from MahaRERA said that the amendments under Section 34 of the MahaRERA Act have been […]

MahaRERA update: Builders need to provide SRO details from 1st December.more
SRA LOGO

Ten Bungalows at Malad West have been allegedly marked under Slum Rehabilitation Authority Scheme.

October 30, 2019

In Malad West at Orlem, owners of almost 10 bungalows, claiming they live there for decades, were allegedly told a member of a neighbouring colony of sweepers to incorporate them without their knowledge in a Slum Rehabilitation Authority (SRA) scheme. The 10 bungalows in D’Monte Lane received notifications of demolition after their owners were considered as […]

Ten Bungalows at Malad West have been allegedly marked under Slum Rehabilitation Authority Scheme.more
MahaRERA

MahaRERA declares SROs to be registered by the realty developers and project promoters.

October 15, 2019

The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]

MahaRERA declares SROs to be registered by the realty developers and project promoters.more
NCDRC

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.

Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more
High Court

Almost 421 realtors were under the bankruptcy court, doubled then the last year.

October 9, 2019

Due to a sustained sales drop and the ongoing liquidity crisis, the number of property developers brought into the bankruptcy court has more than doubled in the past one year. Data from the Insolvency and Bankruptcy Board of India demonstrates for the period of June 30 in which more than 421 realtors were under the […]

Almost 421 realtors were under the bankruptcy court, doubled then the last year.more
GNIDA logo

Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.

September 25, 2019

By Abhay Shah, Realty Quarter On September 24, a court here that was hearing cases related to the illegal construction of high-rise buildings in the Shahberi village at Greater Noida rejected anticipatory bail pleas by 19 developers. Additional sessions Judge Indrapreet Singh Josh also directed the Greater Noida Industrial Development Authority (GNIDA), district administration and police to […]

Court pulls up GNIDA for the illegal constructions in the Shahberi area, rejects bail plea of 19 developers.more
Apartment

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.

September 17, 2019

By Abhay Shah, Realty Quarter Realities in the marketplace, the continuing liquidity crisis, shifting customer preferences and increasing affordability issues, forced property developers to reconsider their product policies and led them to decrease housing sizes considerably on seven important property markets. Average apartment size dropped from 1,400 sq ft in 2014 to almost 1,020 sq ft in […]

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.more
Real Estate Market

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.

September 9, 2019

By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) is contemplating extending its conciliation forum experiment by establishing benches to assist settle conflicts between builders and house buyers in each district of the state. Gautam Chatterjee, the chairman of the authority, said the expansion is going to take place in phases. MahaRERA […]

MahaRERA is setting up conciliation forum benches in each district to resolve disputes between developers and home buyers.more
Affordable Housing

Activists oppose the Maharashtra government’s decision to sell land meant for affordable housing.

August 31, 2019

By Abhay Shah, Realty Quarter The decision of the Maharashtra government to sell land intended for affordable housing by taking a premium did not go down well with customers. The government had issued a resolution on August 1 saying that under section 20(1) of the Urban Ceiling Act (ULCA), 1976, a builder can be granted […]

Activists oppose the Maharashtra government’s decision to sell land meant for affordable housing.more