By Abhay Shah, Realty Quarter On Thursday the centre approved the construction of nearly 1.4 lakh more homes under the Pradhan Mantri Awas Yojana, which would take more than 85 lakh houses to be built under this scheme. The Union Housing and Urban Affairs Ministry said that the approval of this decision was provided by […]
The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).more
By Abhay Shah, Realty Quarter Realtors’ body, NAREDCO (National Real Estate Development Council), stated that the proposed model tenancy legislation would greatly encourage rental housing if enforced in all states, and anticipated builders to build at least 50% of their total rental inventory in the next five years. A draft of “The Model Tenancy Act 2019” […]
The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.more
By Abhay Shah, Realty Quarter Housing Minister Radhakrishna Vikhe Patil said on Wednesday that his Government will approach the ministry of shipping and surface transport for the 100-acre Mumbai Port Trust to build transit camps to provide alternative accommodation for “dangerous” building occupants. “The government decided to redevelop the 500-odd hazardous buildings in the city after […]
Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.more
By Abhay Shah, Realty Quarter Despite the slowdown in the real estate market, property consultant JLL India’s revenue grew 17% to Rs 4,000 crore in 2018-19 and is planning to recruit 2,000 employees by the end of next year to maintain this growth momentum. During the financial year 2017-18, JLL India, which is a part of global real […]
JLL India revenue grew by 17% to Rs 4,000 crore – FY19 report.more
By Abhay Shah, Realty Quarter The Indian real estate market provides non-resident Indians (NRIs) a profitable investment opportunity. NRIs are also permitted to purchase property in India, through home loans, just like residents of India. But for NRIs and resident Indians, the rules on home loans are not the same. Therefore, key distinctions are essential […]
Important things to know by NRIs before taking a home loan in India.more
By Abhay Shah, Realty Quarter The Maharashtra Housing and Area Development Agency (MHADA) is taking measures to expedite the redevelopment of the cessed buildings in the island city, as a matter of urgency, following the death of 11 individuals in the Kesarbai building collapse in Dongari on 16 July. The MHADA proposed new legislation on the […]
MHADA to amend laws to accelerate the redevelopment of cessed buildings.more
By Abhay Shah, Realty Quarter Whether you are planning to leave your property or discover a house on rent, there is excellent news for you. The lately formulated Model Tenancy Bill, 2019, suggested several measures that could cover some of the grounds for disputes between tenants and landlords. The current legislation is skewed, providing one party […]
The effect of Model Tenancy Bill on owners and tenants.more
By Abhay Shah, Realty Quarter The landmark verdict of the Supreme Court on Amrapali developers lifted the hopes of house buyers who are futilely waiting for their houses to be delivered. While similar developments are waiting for about other stuck projects, the Apex Court has established a precedent with a resounding message – compliance or […]
Around 220 projects in top 7 cities with 1.74 lakh homes are stalled: Latest Report.more
By Abhay Shah, Realty Quarter Real estate investment, particularly in residential properties, is very popular with investors. However, there are far more benefits and opportunities available for investment in commercial spaces than residential properties. Commercial properties rental yields: Commercial and residential properties characteristics are dynamically very distinct. Investors usually trade a commercial property on a return basis. […]
Things to know to generate best return from a Commercial Property Investment.more
By Abhay Shah, Realty Quarter The Ministry of Finance on Monday has announced that the owners of the apartment will pay 18% GST if the maintenance costs paid to the resident welfare association (RWA) exceed Rs 7,500 a month. “A waiver was accessible until 25 January 2018 when contribution charges or share were not higher than Rs […]
18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.more