Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]
Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more
By Abhay Harish Shah, Realty Quarter According to the survey conducted by Magicbricks, there will be more than 2/3rd of the complaint by home-buyers against the developer with a real estate regulator under the new RERA Act for any delay in possession of their apartment. RERA rules have already been notified by 22 States and […]
More than 70% of home buyers wish to lodge a complaint under RERA Act for possession delays, says the survey.more
By Abhay Harish Shah, Realty Quarter The Indian Startup ecosystem in the previous decade has experienced a tectonic change. The amount of start-ups has increased seven times from approximately 7000 in 2008 to approximately 50,000 by the end of 2018. Honourable Maharashtra Chief Minister Devendra Fadnavis, TiE Mumbaí and KPMG-India have recently published two research […]
Maharashtra is likely to be the Future Startup Capital of India.more
By Abhay Harish Shah, Realty Quarter Commercial real estate demand, led by the interest of sustained occupants to expand businesses in India, is pushing up rentals of prime offices in major cities like Mumbai, New Delhi, and Bangalore. Over the course of the first quarter of the year, office rentals rose by 17%, 5% and […]
Demand for Commercial real estate is pushing prime office rentals in major cities.more
By Abhay Harish Shah, Realty Quarter Infrastructure Leasing & Financial Services (IL&FS) is planning to sell its non-core real estate assets, which also includes its headquarters in Mumbai. In order to reduce debt and improve cash position Infrastructure group is planning to raise Rs 5,000-6,000 crore by selling its non-core assets. There are approx 50 […]
IL&FS planning to raise Rs 5,000-6,000 crore by selling its Non-core Real Estate Assets.more
By Abhay Harish Shah, Realty Quarter The pothole is a most discussed issue in the monsoon season. In Mumbai, people face a lot of difficulties while commuting from one place to another. BMC is working hard to make Mumbai monsoon travel a safer one. The BMC has already distributed 828 metric tonnes but still works on […]
The BMC to continue 508 roads with pothole filling mixture for this Monsoon.more
By Abhay Harish Shah, Realty Quarter Bombay High court is going to decide about Mumbai’s most historical building future. Will Mumbai lose its historical Esplanade Mansion? India’s oldest cast-iron building on the list of 100 world monuments at risk? The fate in Bombay’s high court can now rest on the 156-year-old historic building. A report […]
Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.more
By Abhay Harish Shah , Realty Quarter Mahavir plaza tower located in Airoli, Navi Mumbai had to face fire break-out on Tuesday, because of its extinct firefighting system. It was found that the building had some irregularities in the complex that have endangered lives of local residents. The accident broke out in flat number 2201 […]
Fire Broke out at Navi Mumbai, Airoli.more
By Realty Quarter Bureau The Mumbai Metropolitan Region Development Authority (MMRDA) is planning to ease the commuting experience by Metro for Mumbaikars by integrating the all the lines in the future. An official said that the Andheri-Ghatkopar metro line would be linked with five other metro lines through various means like foot overbridges (FOBs), skywalks, […]
MMRDA plans to integrate all Mumbai Metros lines for smooth commutemore
By Realty Quarter Bureau The programme will help cities assemble suite of finance instruments to fund and deploy innovative technology with minimal initial investment. To help city planners adopt technologies that will transform their communities globally, Cisco has announced a $1 billion programme. Under the “City Infrastructure Financing Acceleration Programme”, the funding will be provided through Cisco […]
CISCO funds $1 billion for Smart City initiativemore