Tag: #Nayan Shah

Financial crisis

Credai –MCHI reports about 65% of home buyers defaulting on installments.

March 18, 2020

The coronavirus disease has had a crippling impact on the real estate sector with approximately 65% flat buyers defaulting on installments since last week, said Credai -MCHI, the apex body comprising more than 1,400 builders in the Mumbai metropolitan region (MMR). Worse, there are also reports of the closing down of malls that retail stores will […]

Credai –MCHI reports about 65% of home buyers defaulting on installments.more
Mumbai

Developers of Mumbai requested the State Government to reduce premium charges.

July 29, 2019

By Abhay Shah, Realty Quarter Top property developers in Mumbai have requested the state government, to cut premium charges, which it has to pay under various heads, mentioning the liquidity crunch. Developers seek to decrease charges linked to open space deficits premium, staircase, lift and lobby charges, among other taxes. After a discussion on Thursday […]

Developers of Mumbai requested the State Government to reduce premium charges.more
Supreme court

Government of Maharashtra says that builders do not need to give excess land – SC Approves.

July 5, 2019

By Abhay Shah, Realty Quarter Under the new defunct Urban Land (Ceilings and Regulation) Act (ULCRA), builders will no longer have to surrender surplus land for public housing. On Tuesday, the Supreme Court approved the consent terms which was signed between the state government and the builder’s body, Maharashtra Chamber of Housing Industry. The agreement says that builders can now […]

Government of Maharashtra says that builders do not need to give excess land – SC Approves.more