Tag: #property industry

Affordable Housing

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.

October 7, 2019

By Abhay Shah The real estate fund of Axis Asset Management Company, Axia RERA Opportunities Fund – I, has signed a deal with Bangalore-based real estate developer Adarsh Developers to invest Rs 65 crore. This is the second investment of the alternative investment fund for the maiden real estate of Axis AMC. The investment is […]

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.more
Insolvency

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).

October 1, 2019

The National Company Law Tribunal has launched a case against renowned Mumbai developer Lokhandwala Infrastructure Private Limited for insolvency settlement and has asked operational creditors, financial creditors, home buyers and employees to give proof in their claims by October 3. Proclamation issued by Ajit Kumar, the NCLT-appointed Insolvency Resolution Professional, said NCLT’s Mumbai Bench ordered the […]

Lokhandwala Infrastructure Private Limited, the second-biggest developer goes insolvent under the provisions of the Insolvency and Bankruptcy Code (IBC).more

The Government of Maharashtra ends its ownership of ULC surplus lands.

September 18, 2019

By Abhay Shah, Realty Quarter Under the Urban Land Ceiling (ULC) Act, the state government has ended its ownership of land defined as excess. This will be a significant relief for landowners, plots and tenements that have come on these surplus lands. On 16 September the State Department of Urban Development issued a notice to the collectors and […]

The Government of Maharashtra ends its ownership of ULC surplus lands.more
Real Estate Market

How Real Estate Market in India is Evolving?

By Abhay Shah, Realty Quarter The real estate industry is one of the world’s leading sectors. The property sector comprises four sub-sectors-housing, retail, hospitality and commercial. Increased business environment and demand for office space and urban and semi-urban accommodations are well complemented by the growth of this sector. In terms of the direct, indirect and induced effects in all […]

How Real Estate Market in India is Evolving?more
Delhi High Court

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.

September 11, 2019

By Abhay Shah, Realty Quarter In a critical decision, Delhi High Court ruled that homebuyers can approach both the National Consumer Disputes Redressal Commission (NCDRC) and Rera as their jurisdictions are “concurrent” with wandering builders. The court said that litigation under the Consumer Protection Act, 1986 can be initiated against developers by homebuyers (or property allocators […]

Delhi HC: Home buyers can raise their issues to both RERA as well as the NCDRC.more
Smart city mission

Centre accelerates the execution of projects under Smart City Mission.

September 9, 2019

By Abhay Shah, Realty Quarter The Center has entered a mode of mission rethinking to accelerate the execution of Smart City Mission projects. The Center has set a new goal –– Mission Rs 2 lakh crore in the fifth and final year of ‘Smart City Mission’.  With the current project tendering and completion trajectory, contracts […]

Centre accelerates the execution of projects under Smart City Mission.more
RBI

For all new housing loans, Banks are required to pass on rate cuts.

September 6, 2019

By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]

For all new housing loans, Banks are required to pass on rate cuts.more