By Abhay Harish Shah, Realty Quarter On Friday the State Bank of India (SBI), the largest mass-lender in the country, opened a unique era of customer credit transparency by connecting sales of their home financial goods with the amount used by the central bank to set a wider borrowing price in the industry. The lender said […]
From July 1st SBI home loans will be linked with the repo rate.more
By Abhay Harish Shah, Realty Quarter In March 2019, the system-wide non-performing asset stock decreased significantly to 9.3%, much sooner than the Reserve Bank’s forecast and steeply down from 11.5% the year before, according to a report. The report by Crisil emerges at a moment when most banks are at the cusp of ending the NPA […]
NPAs decline to 9.3% in FY19, deeper than the RBI forecast: Crisil.more
By Abhay Harish Shah, Realty Quarter On June 12 Bombay High Court stated that before finalising on a plea seeking hacking of mangroves to pave way for the Mumbai-Ahmedabad bullet train project, it needs to understand environmental expert’s point of view. A request by the National National High Speed Rail Corporation Ltd (NHSRCL) for authority to […]
Bombay HC will hear environmental experts on cutting mangroves for Bullet Train project.more
By Abhay Harish Shah, Realty Quarter A statement by the Revenue and Forest Department said that the Maharashtra state has adopted the first step toward the development of affordable housing on a salt pan land and plans for revising a proposal within 60days which is offered by the property development company. The chosen salt pan land is situated […]
Maharashtra Government is considering the feasibility of a proposal for affordable housing development on a salt pan land.more
By Abhay Harish Shah, Realty Quarter According to property consultant Anarock, stable rates created luxury homes more appealing, with unsold homes priced between Rs.1.5-2.5 crore has gone done by 12% in the past year. Indian residential property in recent years has slowed down, shunning luxury homes and considering further investments in or out of the real […]
Unsold Stock of Luxury Apartment has gone down by 12% since last year.more
By Abhay Harish Shah, Realty Quarter With the 2019 general elections, which give Narendra Modi a definite mandate for a second time as Prime Minister, the real estate industry is optimistic because it means a continuation in policies. In the last three to four years, the state has taken several significant policy choices and business […]
How Government reforms can Up-lift the Real Estate Industry?more
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
By Abhay Harish Shah, Realty Quarter No signs of the public sector enterprise can be seen getting through, even after the process of voting on the NBCC’s bid for Jaypee Infratech (JIL) has been completed on Monday. According to the sources, homebuyers have planned to stop paying the current EMIs (equated monthly installment) because many […]
Jaypee Infratech Home buyers are planning to end EMIs.more
By Abhay Harish Shah, Realty Quarter Two house buyers, who have been denied by the Maharashtra Real Estate Regulatory Authority for their complaint regarding violations of the development agreement of the Vile Parle project in Bombay, have now moved an arbitration petition to the High Court and sought damages from the developer of Rs. 1.62 […]
Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.more
By Abhay Harish Shah, Realty Quarter The state government has drastically slashed construction stamping charges, especially in the island town between Colaba and Byculla, for builders who redevelop municipal tenanted properties. However, the bonanza is not for the free-sale element but for the rehab part of the project. The aim of this sop is to […]
The state government approves reduction on stamp duty for the BIT Chawls redevelopment.more