Tag: #Maharashtra

FPCE

FPCE wishes to finish stalled projects by getting Rs.10,000 crore’s stress fund in the budget.

June 26, 2019

By Abhay Shah, Realty Quarter According to a home buyers’ body FPCE, the government in the forthcoming budget should establish an Rs.10,000 crore fund to finish stalled property projects across the nation and provide assistance for more than 5 lakh individuals who have booked homes. Forum for People’s Collective Efforts (FPCE) previously referred to as Fight for […]

FPCE wishes to finish stalled projects by getting Rs.10,000 crore’s stress fund in the budget.more
Digitisation of land

Digitisation of land records will bring transparency in property price.

June 24, 2019

By Abhay Shah, Realty Quarter Digitisation is a method that influences every sector and transforms it. As we enter the fourth stage of the industrial revolution, where digital technologies are deployed to shift our lifestyle from transport to health and education. Digitalisation also transforms the property industry in terms of construction, property governance, advertising and […]

Digitisation of land records will bring transparency in property price.more
IL&FS

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.

By Abhay Shah, Realty Quarter On Thursday, The Enforcement Directorate told a Mumbai court that a subsidiary of the crisis-hit IL&FS Group called as IL&FS Financial Services (IFIN), alone had supposedly laundered more than Rs.5,000 crores of shareholder funds. In a remand application submitted to the special court, the ED asserted that the group was […]

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.more
NMMC

Vashi ranks top for redevelopment projects by getting 16 proposals approved.

June 22, 2019

By Abhay Shah, Realty Quarter Vashi has been the oldest and most advanced node to accelerate redevelopment projects of dilapidated buildings. The identification committee has already cleared 18 proposals, 16 of them are in Vashi, with one in Koparkhairane and one in Nerul nodes. According to NMMC, there are some 30-40 proposals for redevelopment sent to the committee for […]

Vashi ranks top for redevelopment projects by getting 16 proposals approved.more
MMRDA

Extensions of MMRDA development plan for Raigad & Palghar got approved by Maharashtra legislature.

By Abhay Shah, Realty Quarter A proposal to take parts of Palghar and Raigad to competence under the Mumbai Metropolitan Region Development Authority (MMRDA) was approved by both the Maharashtra Houses on 20 June 2019. In February 2019 the State Cabinet decided to extend the competence of the MMRDA to 2,000 sq km. Chief Minister […]

Extensions of MMRDA development plan for Raigad & Palghar got approved by Maharashtra legislature.more
Interest Rates

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.

June 20, 2019

By Abhay Shah, Realty Quarter The Apex consumer commission has held that an unfair trade practice cannot be implemented. Currently, homebuyers must pay interest for delayed payments by 18% per annum, while the builders pay a mishap of 1.5%-2% for project delays. R K Agrawal President of the National Consumer Disputes Redressal Commission (NCDRC) and a member M […]

Builders & Homebuyers interest rate to be identical in case of any delay – says NCDRC.more
Tax

Apartment price likely to rise by Rs.200 per square foot – Maharashtra Government.

June 12, 2019

By Abhay Harish Shah, Realty Quarter With the Confederation of Real Estate Developers Association of India (Credai), Maharashtra Government decided to pass the burden of input tax credit to purchasers, which will affect to increase apartment prices by Rs.200 per square foot. The annual general meeting of the developer’s board in Kolhapur took a decision […]

Apartment price likely to rise by Rs.200 per square foot – Maharashtra Government.more