Tag: #News

High Court

Uttarakhand High Court prohibits the construction of a highway road in a reserved forest.

September 13, 2022

NAINITAL: The Uttarakhand high court on Monday barred builder Upendra Jindal from constructing a highway road in the reserved forest of Nainital’s Pangoot area. The order was issued while the court was hearing a petition filed by Budhiakot’s gramme Pradhan (which falls under the Pangoot area). According to the petition, villagers applied in 2013 for […]

Uttarakhand High Court prohibits the construction of a highway road in a reserved forest.more
Real estate investment

Land and building investments are not covered under the PLI scheme.

June 5, 2021

Investments in land and buildings necessary for a project will not be included under the production linked incentive (PLI) scheme for ACs and LED lights, and will not be included when establishing a company’s eligibility to benefit from the program. This is part of the rules provided on Friday by the Department for Promotion of […]

Land and building investments are not covered under the PLI scheme.more
Radhakishan Damani D-mart

Radhakishan Damani, founder of D-Mart executes its third-biggest deal of Rs. 1,001 crore.

April 5, 2021

Radhakishan Damani, billionaire investor and founder of D-Mart, has purchased a bungalow in South Mumbai’s lavish Malabar Hill area for Rs 1,001 crore, the country’s largest residential sale. Damani purchased the property with his younger brother, Gopikishan Damani. Madhukunj, a 1.5-acre land parcel on leafy Narayan Dabholkar Marg, has ground plus a two-storey bungalow with […]

Radhakishan Damani, founder of D-Mart executes its third-biggest deal of Rs. 1,001 crore.more
CREDAI

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

September 23, 2019

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
Real estate investment

Mumbai experiences change in property price in H1 2019.

August 24, 2019

By Abhay Shah, Realty Quarter In the residential market, Mumbai has allegedly seen a decrease in capital rates, QoQ. The property market in the maximum city is being pressurized and prices are corrected, owing to multiple factors such as liquidity crunch, a decrease in land acquisition and delays in government policy. Mumbai saw good momentum in real estate activity for the first quarter of 2019. Nevertheless, several factors resulted in a […]

Mumbai experiences change in property price in H1 2019.more
Fire Breaks out in Goregaon

Goregaon Industrial area, major fire breaks out at two godowns.

By Abhay Shah, Realty Quarter On Saturday morning, a senior official said, a major fire broke out at two godowns in an industrial region in suburban Goregaon. During the fire-fighting procedure, two firemen were wounded, he said. At 6:57 am the fire broke out in Plot no 7, in Goregaon, Udyog Nagar Industrial Estate. “It was […]

Goregaon Industrial area, major fire breaks out at two godowns.more
Durga Shanker Mishra

The government can consider RERA amendments to make them more effective: Urban Affairs Secretary.

August 20, 2019

By Abhay Shah, Realty Quarter The government may consider changes to the RERA real estate law, if required, to make it more effective, Durga Shanker Mishra, Housing and Urban Affairs Secretary, said on Monday. He said that the Ministry for Housing and Urban Affairs will quickly adopt the model tenancy law for Cabinet approval at NAREDCO’s real […]

The government can consider RERA amendments to make them more effective: Urban Affairs Secretary.more
Mumbai Potholes

Thane resident takes down a silent protest for the issue of Potholes.

August 19, 2019

By Abhay Shah, Realty Quarter Anand Nagar residents, fed up with the pothole outbreak on Ghodbunder Road in Thane, gathered for a silent protest on Sunday, requesting a solution to the problem that has created their lives hell over the past few months. Civic officials, meanwhile, retained that work is underway to fill potholes on roads […]

Thane resident takes down a silent protest for the issue of Potholes.more
GNIDA logo

GNIDA arrested officials who were involved in illegal construction in Shahberi.

By Abhay Shah, Realty Quarter The Greater Noida Industrial Development Authority (GNIDA) found officials responsible for unauthorized construction in Shahberi in the first step towards setting accountability. It also finalized IIT-Delhi to perform a structural audit of the area’s buildings and began sealing the empty ones. Meanwhile, 12 of the 29 protesters arrested after August 14 disputes with officials and police, who were not able to be made in a court on a holiday, were in prison on August 15. Nine people were killed in July last year when two six-story buildings collapsed in Shahberi. This was followed by a crackdown […]

GNIDA arrested officials who were involved in illegal construction in Shahberi.more
Gifted Property

Is it possible for parents to take back gifted property from their children?

August 17, 2019

By Abhay Shah, Realty Quarter The donor cannot revoke a gift of a property that is valid and accepted by a donee, other than in specific circumstances. We look at the feasible instances of a revocation. With many children choosing to leave India for work and the gradual disappearance of the common family system, it […]

Is it possible for parents to take back gifted property from their children?more