By Abhay Shah, Realty Quarter There have been 22 deaths and 78 injuries in the wall collapsing event in Malad, Mumbai, which was paralyzed by incessant rain for the third day in a row. BMC Commissioner, Ashwini Joshi said the Malad wall collapse will be investigated and any official found guilty will be punished. In […]
Heavy rainfall since 1st July has destructed many buildings in Mumbai.more
By Abhay Shah, Realty Quarter The Insurance Regulatory and Development Authority of India (IRDAI) have notified the Lok Sabha on Monday, that the public sector insurer LIC of India and a few of the private sector insurers have launched housing loans insurance. Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, replied in writing to […]
Finance Minister announces Housing Loan Insurance.more
By Abhay Shah, Realty Quarter Property transfer via a GIFT: When you want to pass a property so that the donee instantly enjoys the property, you can do this through a gift. Until you are qualified to contract, you can gift to anyone a self-acquired property in compliance with the Indian Contract Act. Anyone who is sound […]
Things to know before transferring a property by Gift Deed or a Will.more
By Abhay Shah, Realty Quarter There was no proposal from the government to increase the amount provided under the Pradhan Mantri Awas Yojana (PMAY), Narendra Singh Tomar (Minister for rural development, reported the Rajya Sabha on 28 June 2019. “We lately restructured this system, and we supply Rs.1.5 lakhs to build each house. No suggestion […]
Eligibility criteria to get PMAY interest subsidy on Home Loans.more
By Abhay Shah, Realty Quarter Businessman Anil Ambani speaks to a global group of private equity firms, including Blackstone and another United States-based fund, to either sell his headquarters in the financial capital or to lease out on a long-term basis, said three people familiar with the development. They said, however, that the site is also […]
Anil Ambani aims at selling or leasing its Mumbai HQ.more
Launches the tallest towers in Central Suburbs – “Runwal Pinnacle” at Mulund. Mumbai, June 28th, 2019: Runwal Group, one of Mumbai’s leading real estate developers today announced the launch of its new project “Runwal Pinnacle” at Mulund West, Mumbai. Runwal Pinnacle will not only feature the tallest towers in Mulund, but will also provide breathtaking views of Airoli […]
Runwal Group to create an exceptional living experience in Mumbai.more
By Abhay Shah, Realty Quarter It is essential for you to have enough funds available when you purchase a property or book property. These liquid assets may be held in the form of Bank Balance or Investments in Stocks or Mutual Funds. If you don’t have liquidity when you purchase the property, you should be […]
Why an individual should get a credit report before purchasing a property?more
By Abhay Shah, Realty Quarter The increasing co-living and co-working sections of alternative real estate asset classes will further improve their footprint. In addition to 5.7 mn beds from past rates of Rs.458bn and 3.6 mn in 2018, the Indian co-living industry is predicted to deliver Rs.1 trillion by 2023 in a business opportunity. “The changing […]
Real estate market to observe new growth in Co-living and Co-working spaces.more
By Abhay Shah, Realty Quarter On Thursday, the Godrej Group denied any family dispute and sought to overcome the supposed rift over land ownership by saying that they discuss ways of considering long-term strategic options. In a statement a day after reports came out of the family that designates external advisers for untangling agreements on […]
The Godrej group rejected dispute with the family regarding land ownership.more
By Abhay Shah, Realty Quarter The Rajya Sabha gave its nod to the Special Economic Zones (Amendment) Bill, 2019, on Thursday, a day after it was passed by the Lok Sabha. The Bill will substitute for the 2019 Special Economic Zones (Amendment) Ordinance, issued in March. The decree paved the way for trusts in these areas […]
Parliament approved amendment to the SEZ legislation to allow trusts to set up units in special economic zones.more