Tag: #Mumbai

A waiver on stamp duty will be given while transferring land to development agencies – Maharashtra.

July 18, 2019

By Abhay Shah, Realty Quarter Owners of the land transferring their property to development agencies, including the MMRDA for ‘public good’ will no longer have to pay stamp duty on transfer. The policy shall be applied in the future. On Tuesday the state cabinet adopted the resolution to waive off the stamp duty on these transfers. […]

A waiver on stamp duty will be given while transferring land to development agencies – Maharashtra.more

Over 50% of developers exit the real estate market in top 9 cities.

By Abhay Shah, Realty Quarter There has been massive consolidation of developers in the top 9 cities in India, with over 50% of the total developers that existed in 2011-2012 leaving the market by 2017-18, the report says. Developers consolidated in Gurugram, Noida and Chennai has been to the amount of 70% since 2011 to date […]

Over 50% of developers exit the real estate market in top 9 cities.more

Part of Palais Royale to be auction by the collector – Mumbai

July 17, 2019

By Abhay Shah, Realty Quarter Besides problems for the developer of Palais Royale, the 56-floor under-construction tower at Worli Naka in Mumbai, the town collector will auction out a portion of the land he stands to recover dues for a flat purchaser. The forthcoming sale was made on the order of the government housing regulator MahaRera last […]

Part of Palais Royale to be auction by the collector – Mumbaimore

Indian Real estate developers are at risk as nation’s credit market has dried up.

By Abhay Shah, Realty Quarter Indian developers are at risk of going belly-up as growing stress on the national credit market drowns funding even for those willing to afford high rates for decades. “With the increasing shadow banking crisis most developers’ borrowing prices have raised to a peak of around 20% in more than a […]

Indian Real estate developers are at risk as nation’s credit market has dried up.more

Bombay HC quashes CRZ clearance for Mumbai Coastal Road Project.

July 16, 2019

By Abhay Shah, Realty Quarter On 16 July 2019, the High Court of Bombay annulled the CRZ Clearance granted to the city civic body’s ambitious Rs 14000 cr Coastal Road project. The Court ruling states that a 29.2 km long project proposed to connect the Marine Drive area in the South of Mumbai to suburban Borivali in north Mumbai […]

Bombay HC quashes CRZ clearance for Mumbai Coastal Road Project.more

Investigation for Rs 53 crore scam for 310 investors is underway said EOW.

By Abhay Shah, Realty Quarter The Economic Offences Wing (EOW) has brought an action against the office bearers of a private company which has reportedly duped a sum amount of Rs 53 crore of more than 310 investors. One of these investors from Ghatkopar came to Parksite Police on July 11, for lodging a complaint […]

Investigation for Rs 53 crore scam for 310 investors is underway said EOW.more

Siroya FM Constructions are ordered to deposit Rs 4.25 crore within 4 weeks – Bombay High Court.

July 15, 2019

By Abhay Shah, Realty Quarter The High Court of Bombay ordered developers, Fatesh Mirchandani and Shrenik Siroya, director of Siroya FM Constructions based in Goregaon, to deposit Rs 4.25 crore in 4 weeks and to divulge the assets of the company within 3 weeks. In association with the reinstatement of his investment of Rs 4.25 crore […]

Siroya FM Constructions are ordered to deposit Rs 4.25 crore within 4 weeks – Bombay High Court.more

DHFL is going to sell its stake in the next 2 weeks.

DHFL is probably to complete a stake sale within two weeks as they clean up the asset-liability discrepancies with credit restructuring. The business that recorded a large drop in the fourth quarter would research proposals that could breathe new life after almost nine months of investor stress. In the next two weeks, the Board will meet to […]

DHFL is going to sell its stake in the next 2 weeks.more

Get a security deposit loan for renting a flat.

July 13, 2019

By Abhay Shah, Realty Quarter It becomes difficult for a person to relocate to a new city in a rental flat. Apart from the rent price in a metropolitan city, there has been a situation where people can’t afford to pay for a rental deposit. People are getting an opportunity to make their career in […]

Get a security deposit loan for renting a flat.more

Draft Tenancy Act brings a difference for Commercial property owners.

By Abhay Shah, Realty Quarter Owners of prime commercial property, who receive low rents from tenants, speak at the central government citing the proposal to abandon all existing rental agreements in the Draft Model Tenancy Act. “We issued a report denying the suggested lock, stock and barrel Model Tenancy Act quite rightly.” The foremost reason […]

Draft Tenancy Act brings a difference for Commercial property owners.more

Tag: #Mumbai

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