Tag: #News

What is the maximum amount chargeable by a housing society for transfer charges, as per the law?

August 9, 2019

By Abhay Shah, Realty Quarter The Maharashtra Government lately increased the stamp duty by 1% including for the sale, donation and transfer, and further increases in stamp duty and registration charges are possible. However, a conflict which afflicts property owners and buyers is somewhat nearer to home – transfer fees for the sales and transfer of shares and rights to apartments in a building by a cooperative housing society. At the time of sale of the […]

What is the maximum amount chargeable by a housing society for transfer charges, as per the law?more

Private equity investment in the growing commercial sector increased by 10% compared to the previous year.

By Abhay Shah, Realty Quarter The private equity inflows into the Indian real estate industry have strengthened, driven by a strong investment appetite for business property, primarily by the immediate exposure of foreign funding and the platform partnerships. In the Indian real estate market, private equity companies have invested more than $4.2 billion, which is […]

Private equity investment in the growing commercial sector increased by 10% compared to the previous year.more

THE MODEL TENANCY ACT, 2019

By Alok Gupta, Real Estate Consultant Almost every State in India has its own Rent Control Act. A lot of debate is going on whether the government should bring in a law to control the renting of properties in India or not. Whether one such law would be enough to cater to such a widespread industry […]

THE MODEL TENANCY ACT, 2019more

Indiabulls to become SME-focused bank after successfully getting merged with Lakshmi Vilas Bank.

August 8, 2019

By Abhay Shah, Realty Quarter Emitting for the assurance of having the regulatory approval for merger with Lakshmi Vilas Bank in two months and the combined company to be functional by next March, Indiabulls Housing Finance on Tuesday said it would become an SME-focused bank if the merger passed. Also, promoters leaving the real estate […]

Indiabulls to become SME-focused bank after successfully getting merged with Lakshmi Vilas Bank.more

The RBI decreases its repo rate by 35 basis points, fourth consecutive time in 2019.

August 7, 2019

By Abhay Shah, Realty Quarter On Wednesday, the Reserve Bank of India (RBI) reduced the repo rate by 35 basis points from its present 5.75% to 5.40%. The reverse repo rate is also cut to 5.15%. Repo rate is the price at which commercial banks are provided with money from the RBI. A repo rate reduction enables banks […]

The RBI decreases its repo rate by 35 basis points, fourth consecutive time in 2019.more

Benjamin Netanyahu collaboration with India

Benjamin Netanyahu invites Indian realtors to collaborate on projects with Israeli companies.

By Abhay Shah, Realty Quarter On Tuesday Israel’s Prime Minister Benjamin Netanyahu invited Indian real estate developers to collaborate with Israeli companies to increase efficiency and profitability. “When you partner with Israelis who want to associate with you in order to capture the future together, you can boost the productivity and profitability of your enterprises too,” Netanyahu said here through video messaging conference while addressing the apex body of the realty developer Credai. Israel and India are already working in collaboration in many fields like security, agriculture, cyber and IT, and now construction and real estate. […]

Benjamin Netanyahu invites Indian realtors to collaborate on projects with Israeli companies.more

NHSRCL submitted a tender for Mumbai-Ahmedabad Bullet Train project for the elevated station at Anand, Gujarat.

August 6, 2019

By Abhay Shah, Realty Quarter For the optimistic Mumbai-Ahmedabad Bullet Train project, the National High-Speed Rail Corporation Ltd (NHSRCL) has opened a tender, the third in 2019, with bids offered for a maintenance depot and an elevated station in Anand, Gujarat. With the recent tender, the company has invited offers to construct about 69% (348 km) of […]

NHSRCL submitted a tender for Mumbai-Ahmedabad Bullet Train project for the elevated station at Anand, Gujarat.more

How removal of Article 370 will influence the real estate sector in J&K and Ladakh?

By Abhay Shah, Realty Quarter On 5 August Home Minister Amit Shah proposed the removal of Article 370 which gives Jammu and Kashmir unique status. The Center has notified the Parliament that the Jammu and Kashmir (J&K) state will be divided into two Union Territories (UTs) – Jammu and Kashmir would become a Union Territory (UT) with a legislature […]

How removal of Article 370 will influence the real estate sector in J&K and Ladakh?more

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.

August 5, 2019

By Abhay Shah, Realty Quarter Blackstone Group, a private equity giant based in the USA, will purchase the remaining 50% share in commercial properties of Indiabulls Real Estate for about Rs 4,800 crore three people with direct knowledge of the development said. The deal is fixed as one of the biggest transactions in the country’s real estate portfolio. […]

Private Equity giant Blackstone is set to deal with Indiabulls Real Estate commercial properties for Rs 4,800cr.more

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.

By Abhay Shah, Realty Quarter A builder cannot “force” a buyer to take over a ready house if it is postponed. The Supreme Court ordered that the client will seek a refund. Making an order from the National Consumer Disputes Redressal Commission to a builder based in Pune, the SC bench comprising Justices U U Lalit and Vineet Saran stated, “While the villa is ready to be occupied (as the appellants affirm), the delay of almost five years is an important factor and the negotiations can now be imposed on the participants. Therefore, […]

Supreme Court orders, delayed houses can’t be forced to be obtained by home buyers.more

Tag: #News

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