By Abhay Shah, Realty Quarter Indiabulls Housing Finance has placed a top two-storey bungalow property on the block to recover its dues from owner Phulchand Exports in South Mumbai’s plush Cuffe Parade area. The bungalow’s reserve price is laid at Rs 121 crore, with 12,100 sq ft build-up area, and the company dues and loan […]
Indiabulls Housing Finance to sell its South Mumbai’s property for Rs 121 crore.more
By Abhay Shah, Realty Quarter Signature Global Real Estate Company will invest Rs 385 crore over the next three years to develop a housing project in Gurugram, Haryana, said a top official of the company. For nearly Rs 100 crore, the national capital-based firm has purchased 17.35 acre of land at Sohna and will build 864 independent floors in two […]
Signature Global (Affordable Housing Developer) will invest Rs 385 crore for its new housing project in Gurugram.more
By Abhay Shah, Realty Quarter According to estate consultant Colliers, the flexible segment of the workplace, which is increasing rapidly in India, may see a significant expansion from next year as big companies will aim to obtain smaller ones for inorganic growth. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune markets are expected to reach […]
Flexible workplace operators will hit a record, expected to account 18-20% of total gross leasing of office space.more
By Abhay Shah, Realty Quarter On Sunday, over 200 residents of Azad Nagar chawls in Wadala protested against East and West Developers, part of the RNA Group, demanding that either they be paid a 22-months’ rent for transit accommodation in accordance with the March 2019 High Court Order or that the BMC should terminate the development agreement […]
Azad Nagar, Wadala chawl residents protest against RNA developers.more
By Abhay Shah, Realty Quarter The civic body has decided to increase by five times the demolition charges recovered from owners of illegal buildings. Previously, the charges for demolishing an illegal construction of about 1,000 sqft were Rs20,000. The amended charges will be around Rs1 lakh. Pune Municipal Corporation (PMC) officials said the demolition work in […]
PMC decided to increase illegal building demolition charges by 5 times.more
By Abhay Shah, Realty Quarter A US-based private equity real estate fund and a family office are among bidders who are in advanced talks to buy a commercial building from Lodha Developers at their New Cuffe Parade project in the Wadala locality of central Mumbai, said two persons aware of the development. It is expected that […]
US-based PEs is in talks to buy commercial property from Lodha Developers.more
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
By Abhay Shah, Realty Quarter In the near future, all flat owners in the state will receive additional estate cards with details such as carpet area, amenity space and information on bank loans, along with their 7/12 extracts. In a bid to verify fraudulent operations, the Maharashtra cabinet on August 28 approved the “vertical estate […]
Flat owners will soon receive supplementary property cards.more
By Abhay Shah, Realty Quarter Overseas investment regulations in construction were eased by the government to bring money to the fund-starved industry and serve its twin goals of creating faster jobs and homes for all. A comprehensive proposition by the Department of Industrial Policy & Promotion (DIPP) was endorsed by the Union Cabinet on Wednesday, […]
Government refines the laws on Foreign Direct Investment for the real estate industry.more
By Abhay Shah, Realty Quarter In an effort to increase slowing economic growth in India, the finance minister lately announced a slew of projects. It is not just the real estate industry that is experiencing a slowdown in growth, but the entire economy. This has been ascribed to a number of factors, including global trade […]
Is the economic stimulus package of the Finance Minister going to revive the real estate industry?more