By Abhay Shah, Realty Quarter Even as individuals are more willing to invest in real estate, the price of the real estate will probably decrease next year, according to a poll by the new company Reuters. The poll shows that Delhi can be hit hardest when prices drop due to inflation and loan supply decline. On the other side, […]
Reuters Poll: Will the property prices in 2019 going to fall?more
By Abhay Shah, Realty Quarter The real estate industry is one of the world’s leading sectors. The property sector comprises four sub-sectors-housing, retail, hospitality and commercial. Increased business environment and demand for office space and urban and semi-urban accommodations are well complemented by the growth of this sector. In terms of the direct, indirect and induced effects in all […]
How Real Estate Market in India is Evolving?more
By Abhay Shah, Realty Quarter A senior finance ministry official said the government is proposing a fund that will provide guarantees to those who would otherwise not be entitled to a housing loan, enabling them to borrow funds to purchase a house. As part of a plan being formulated by the government to assist the housing […]
Government is trying to revive the housing sector by providing guarantees on Home Loans.more
By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) enforced on Godrej Properties a penalty of Rs 30 lakh for placing 30 hoardings of their new project in Thane without first registering it. After complainant Aditya Bothra brought the discrepancy to its notice, the authority called up Godrej Properties for a hearing. […]
Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.more
By Abhay Shah, Realty Quarter Recently, the National Consumer Disputes Redressal Commission (NCDRC) ruled that a developer is bound to fulfill not only the promises made in flat buyers’ agreements but also the amenities mentioned in their promotional material. On this basis, the commission increased the compensation granted by the district forum to Rs 3 […]
NCDRC ruled, Promises done in brochures need to be accomplished by Builders.more
By Abhay Shah, Realty Quarter It’s not the simplest task to buy an ideal house. Some may wait for the perfect deal to come up while others may even spend a lifetime waiting to build or purchase the right home, but it may never happen. It’s certainly one of the greatest purchases in your lifetime, so you’d […]
Want to buy a House? Here is the complete guide and checklist for buying a House.more
By Abhay Shah, Realty Quarter American private equity major Blackstone Group along with K Raheja Corp builder are expected to pull their jointly owned 20 million sq ft commercial portfolio to the public by March, by listing of Real Estate Investment Trust (REIT), said two individuals with direct knowledge of the development. It’s the second […]
Blackstone group and K Raheja Corp are set to make its commercial portfolio public through the listing of a REIT.more 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
By Abhay Shah, Realty Quarter The Center has entered a mode of mission rethinking to accelerate the execution of Smart City Mission projects. The Center has set a new goal –– Mission Rs 2 lakh crore in the fifth and final year of ‘Smart City Mission’. With the current project tendering and completion trajectory, contracts […]
Centre accelerates the execution of projects under Smart City Mission.more
By Abhay Shah, Realty Quarter Although two homebuyers only had a Memorandum of Understanding (MoU) as evidence that they invested in an Oshiwara highrise apartment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) held that it was sufficient proof of ownership and instructed the developer to repay Rs 82.95 lakh with 10.75% interest from 2012. According […]
MahaRERA declares investor can claim a refund with MoU agreement.more