Kolkata Municipal Corporation (KMC) would adopt a two-way strategy to tackle a group of real estate developers who breach municipal laws that eventually hinder apartment owners. First, any tax delays must be paid by the builder and not the buyer. Second, until the KMC provides the developer with a clearance certificate (CC) a buyer cannot […]
Kolkata local body enforces strict law upon tax delays.more
By Abhay Shah, Realty Quarter There has been massive consolidation of developers in the top 9 cities in India, with over 50% of the total developers that existed in 2011-2012 leaving the market by 2017-18, the report says. Developers consolidated in Gurugram, Noida and Chennai has been to the amount of 70% since 2011 to date […]
Over 50% of developers exit the real estate market in top 9 cities.more
By Abhay Shah, Realty Quarter The Council of Scientific and Industrial Research (CSIR) and Central Mechanical Engineering Research Institute (CMERI) of Durgapur, announced on 2 July 2019 the introduction of fresh technologies for the supply of quality drinking water, as there is water scarcity growing worldwide. CSIR-CMERI Director Harish Hitani said the development of new technologies is based […]
CSIR-CMERI has developed new technologies for quality drinking water.more
By Abhay Harish Shah , Realty Quarter Due to the RERA Act and buyer protected schemes, the Real Estate market has seen some growth in the last 1 year. According to the report cities such as Mumbai, Hyderabad and Kolkata are the most preferred cities who have seen tremendous growth in a property sale. Mumbai […]
The Impact of Affordable Housing Schemes in Major Cities.more
By Abhay Harish Shah , Realty Quarter Around 5.6 lakhs housing units, worth Rs 4.5 lakhs crore in seven noteworthy urban communities are running behind the conveyance timetables chiefly because of an interest log jam and reserve preoccupation by developers. Home-buyers crosswise over top property markets, including the Delhi-National Capital Region and Mumbai, keep on […]
Seven Major cities facing issue of housing units getting delayed of Rs. 4.51 lakh crore.more
By Abhay Harish Shah , Realty Quarter In 2018, the real estate business attention was on guaranteeing affordable houses, adjusting the effect of the Goods and Services Tax (GST) and improving deals, while additionally seeing the aftermath of the liquidity emergency of NBFCs. The purchasers’ state of mind, then again, was that of wary hopefulness. […]
Property forecast for metropolitan cities – 2019.more