Tag: #Mumbai

The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.

September 24, 2019

By Abhay Shah, Realty Quarter The State Housing Department is set to make land title insurance compulsory for MahaRERA registered developers, for whom insurers are already discussing the premium with the regulatory authority. Land Title Insurance is a form of indemnity cover that provides builders and customers with insurance against financial losses resulting from defects in property […]

The state government will declare the land title insurance as compulsory for all MahaRERA registered builders.more

Around 40,000 crore loss noted, Bombay HC orders to file a case against MHADA.

September 23, 2019

By Abhay Shah, Realty Quarter On September 18, the Bombay High Court ordered the authorities to file a case against Maharashtra Housing and Area Development Authority (MHADA) officials for supposedly colluding with promoters and causing the government exchequer to lose Rs 40,000 crore. A division bench of Justices S C Dharmadhikari and S K Shinde was […]

Around 40,000 crore loss noted, Bombay HC orders to file a case against MHADA.more

CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.

By Abhay Shah, Realty Quarter India’s apex realtors group has been disappointed with the government’s support measures to the industry since it has been unsuccessful on important requirements for house buyers and builders such as tax rebates and reduced interest rates. According to Jaxay Shah, CREDAI’s National Chairman, the Fund established to complete the stalled estate projects […]

CREDAI Chairman showcases the government measures to be a set of a disappointment for the growth of the real estate industry.more

PE real estate investments are estimated to reach $6.5 billion in 2019.

September 19, 2019

By Abhay Shah, Realty Quarter Real estate investment is estimated at approximately $6.5 billion, with the largest share of office investments. The commercial office sector, which experiences strong office demand, facilitates investors, both foreign and Indian, according to a recent RICS-Colliers report. Investors want to bundle up assets and list them as REITs, capitalizing on strong demand. […]

PE real estate investments are estimated to reach $6.5 billion in 2019.more

BMC has not yet dispatched Property bills with ‘Waiver’ which was announced 5 months ago.

By Abhay Shah, Realty Quarter It has been more than five months since the announcement of a new property tax bill spanning 500 sq ft or less from the Brihanmumbai Municipal Corporation (BMC) has been done, meanwhile, this has not yet happened by the municipal authority. The press release announcing the delivery of the proposal […]

BMC has not yet dispatched Property bills with ‘Waiver’ which was announced 5 months ago.more

The Government of Maharashtra ends its ownership of ULC surplus lands.

September 18, 2019

By Abhay Shah, Realty Quarter Under the Urban Land Ceiling (ULC) Act, the state government has ended its ownership of land defined as excess. This will be a significant relief for landowners, plots and tenements that have come on these surplus lands. On 16 September the State Department of Urban Development issued a notice to the collectors and […]

The Government of Maharashtra ends its ownership of ULC surplus lands.more

Want to sell property along with your pending Home Loan? Here is everything you can find to sell a property with an ongoing home loan.

By Abhay Shah, Realty Quarter As the property market is reckless, selling a residential apartment can be difficult. But certain factors like location, apartment design, and public transport can influence people to buy a property. This all factors are generally considered by a buyer, but the only factor which can ruin the deal is the […]

Want to sell property along with your pending Home Loan? Here is everything you can find to sell a property with an ongoing home loan.more

Mumbai ranked 5th in Co-living’s likelihood of success across Asia-Pacific cities: Knight Frank Report

Job opportunities in the financial sector and low housing affordability are major driving factors for Job opportunities in the financial sector and low housing affordability are major driving factors for the growth opportunity in the co-living sector in Mumbai. Mumbai, 9th September 2019: Knight Frank India, the leading international property consultancy,Mumbai, 9th September 2019: Knight […]

Mumbai ranked 5th in Co-living’s likelihood of success across Asia-Pacific cities: Knight Frank Reportmore

Homebuyers’ body urged PMO to place RERA officials under CVC.

September 17, 2019

By Abhay Shah, Realty Quarter Homebuyers’ body FPCE prompted the Prime Minister’s Office to bring representatives to the Central Vigilance Commission implementing the provisions of the Real Estate (Regulation & Development) Act. The Forum for People’s Collective Efforts (FPCE) has also suggested in its letter to the PMO that all contracts adopted under RERA be audited by the […]

Homebuyers’ body urged PMO to place RERA officials under CVC.more

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.

By Abhay Shah, Realty Quarter Realities in the marketplace, the continuing liquidity crisis, shifting customer preferences and increasing affordability issues, forced property developers to reconsider their product policies and led them to decrease housing sizes considerably on seven important property markets. Average apartment size dropped from 1,400 sq ft in 2014 to almost 1,020 sq ft in […]

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.more

Tag: #Mumbai

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