In order to avoid any risk while buying a property, an individual must know about the legal documents which are as mentioned: 1) Commencement Certificate (CC) 2) Completion Certificate (CC) and 3) Occupancy Certificate (OC). You must have come across these terms but let’s see about all this documents role and importance. i) Commencement Certificate […]
Three must-have Legal Documents while buying a property.more
A decade after the widely publicized entry into India, Spanish clothing retailer Zara has asked few malls to renegotiate rental terms where they have been running stores for years, this includes a decrease profit-sharing deals and either lower or complete waiver, on charges paid to the landlords by the tenants for common area maintenance (CAM). […]
Spanish Fashion retailer ZARA is looking to reduce mall rentals and update revenue-sharing terms.more
By Abhay Shah The real estate fund of Axis Asset Management Company, Axia RERA Opportunities Fund – I, has signed a deal with Bangalore-based real estate developer Adarsh Developers to invest Rs 65 crore. This is the second investment of the alternative investment fund for the maiden real estate of Axis AMC. The investment is […]
Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.more
By Abhay Shah On Monday, the Supreme Court stopped authorities from cutting more trees in Mumbai’s Aarey which is good news for environmental activists. A special bench consisting of justices Arun Mishra and Ashok Bhushan notified that they would have to review all the issue and bring it before the forest bench for hearing on 21 October. […]
A small win to the environmental activists as Supreme Court orders for no more cutting-down trees in Aarey Colony.more
By Abhay Shah According to a statement from the Anarock consultancy, the National Capital Region (NCR) suffered a 22% fall in housing sales quarterly. According to the report, annually sales decreased by 13% and by almost 22% on a quarterly basis with sales of almost 9,830 units in the third quarter of 2019. Out of […]
NCR housing sales declined by 22% – Anarock Consultancy Report.more
By Abhay Shah The Mumbai City Authority has announced that 125 houses for homeless people are being constructed in Mumbai, and 20 of these will be accessible in the next few months. The Brihan Municipal Corporation (BMC) replied to an RTI query submitted by activist Anil Galgali, that it followed an order of the Supreme […]
BMC will construct 125 shelter homes for the poor people in Mumbai.more
By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]
RBI’s fifth Repo Rate Cut may increase the real estate sales in this last quarter of the year.more
By Abhay Shah According to a report, almost 10 developers and operators of commercial real estate have the potential to raise Rs 1.5 lakh crore by monetising 184 million sq ft of space through the real estate investment trust (REIT) route. The rating agency Crisil estimates that these assets account for around 30% of Grade […]
Commercial Real Estate Developer can raise Rs.1.5 lakh crore through the REIT method – CRISIL Report.more
The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said NCLT’s Mumbai Bench ordered the […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more By Abhay Shah, Realty Quarter The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said […]
Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more