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Supreme court

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.

July 22, 2019

By Abhay Shah, Realty Quarter On 18 July, the Supreme Court demanded the Government to provide a list of states where there is no RERA Authority and the appellate tribunal been formed. The Apex court heard a case concerning the constitutional challenge brought against the right of the financial creditors to home buyers by a […]

Supreme Court demands the government to submit a list of states where the RERA act is not been enacted completely.more
Building Construction

Maharashtra developers may not seek any relief in development charges.

July 20, 2019

By Abhay Shah, Realty Quarter It is unlikely that the state government will give demands to the real estate industry to drastically reduce development charges and premiums for various concessions. The BMC has highly rejected any significant decrease, quoting several factors, including losing its main source of revenue, the octroi and not being obliged to pay […]

Maharashtra developers may not seek any relief in development charges.more
Hiranandani

Hiranandani Group announced its foray into the data centre parks business.

By Abhay Shah, Realty Quarter On 18 July 2019, Hiranandani Group, together with the new business venture Yotta Infrastructure, announced its foray to data centre parks. The first stage of operations in Chennai and Panvel (Mumbai) is scheduled to begin with Hiranandani projects. A 100% subsidiary of the Hiranandani Group and Yotta will deliver hyper-density, […]

Hiranandani Group announced its foray into the data centre parks business.more
Rental housing

The launch of Model Tenancy Act can uplift the rental housing.

July 19, 2019

By Abhay Shah, Realty Quarter A draft of ‘Model Tenancy Act, 2019’ has been published for consultation by the Union Housing and Urban Affairs Ministry. Swapan Dutta, director (east) of property consultant Knight Frank said in response to the development, “It’s a move in the correct direction as rents or residential lease should turn into an important […]

The launch of Model Tenancy Act can uplift the rental housing.more
Mall space in MMR

Mumbai Metroploitan Region will get new mall space of around 13.6 million sq ft by 2022.

By Abhay Shah, Realty Quarter New mall space is expected to be built in the Mumbai Metropolitan Region (MMR) of about 13.6 million square feet by 2022. Mumbai is predicted to account for a massive 82% stake, followed by 17% in Navi Mumbai, according to the Anarock Retail report. Andheri, Bandra, Worli and Borivali in Mumbai are among the best organized retail locations. Mall sizes of 1 lakh sq ft to 6 lakh sq ft are considered to be small in major micro markets. Ghansoli and […]

Mumbai Metroploitan Region will get new mall space of around 13.6 million sq ft by 2022.more
Waiver on Stamp duty

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
Financial crisis

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


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