By Abhay Shah, Realty Quarter The Maharashtra government is planning to purchase two parcels of land, one each in Jammu and Kashmir and Ladakh, before 31 October, the day central laws are planned to come into effect in the state, for resort construction. For the intent, Maharashtra Tourism Minister Jaykumar Rawal said it has allocated […]
The state of Maharashtra will buy land in Kashmir and will construct 2 resorts.more
By Abhay Shah, Realty Quarter Signature Global Real Estate Company will invest Rs 385 crore over the next three years to develop a housing project in Gurugram, Haryana, said a top official of the company. For nearly Rs 100 crore, the national capital-based firm has purchased 17.35 acre of land at Sohna and will build 864 independent floors in two […]
Signature Global (Affordable Housing Developer) will invest Rs 385 crore for its new housing project in Gurugram.more
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
By Abhay Shah, Realty Quarter To ensure that civic works are carried out on time, the chief Praveen Pardeshi of Brihanmumbai Municipal Corporation (BMC) recently issued circular asking officers to get the projects carried out on time or to lose 50% of their pay. In addition to the officials, the circular also warned civic contractors that they […]
50% cut-down in salary if projects are delayed says BMC Officials.more
By Abhay Shah, Realty Quarter Mumbai police have submitted the State government with a plan to rebuild the Naigaon police quarters and the Light Armed Constabulary headquarters. The plan is primarily designed to sell 50% of the new residential apartments to constables and officers in order to tackle severe housing shortages experienced by the police, proposed by a Police Commissioner, Sanjay Barve. Home Department sources said the Mumbai police are collectively developing the Naigaon estate with the state […]
The Police Commissioner of Mumbai proposes to sell 50% of redeveloped apartments to cops.more
By Abhay Shah, Realty Quarter According to ICRA, a rating agency, inventory worth Rs 45,000 crore stayed unsold in Central Mumbai as on June 2019. Considering the large value of inventory on the micro-market, its underperformance has seriously affected Mumbai’s real estate industry, it said. “Central Mumbai has been witnessing significant high-value inventory build-up due to weakened demand over the past two […]
Inventory of Rs 45,000 crore in Central Mumbai stayed unsold – ICRA Report.more
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
By Abhay Shah, Realty Quarter The Pune division commissioner allocated Rs 7.14 crore in the context of compensation for flood aid announced by the State Government to the flood-ravaged districts of Pune, Satara, Sangli, Kolhapur and Solapur. The study and evaluation undertaken by the authorities noted that 22,962 families have been impacted in that division. Of […]
The government of Maharashtra allocates Rs 7.14 crore in flood-affected districts.more
By Abhay Shah, Realty Quarter BSNL Employees Union has asserted that a plan has been drawn up by the state-owned telecommunications operator to sell eight BSNL properties in prime locations at throwaway prices in Chennai. In addition to property parcels in Kilpauk, Royapettah, Egmore, and Ambattur, a list of recognized properties published by the union contain […]
Eight BSNL properties have been listed for sale at throwaway prices in Chennai.more
By Abhay Shah, Realty Quarter Property is one of India’s oldest investment avenues that existed prior to the advent of various financial products such as direct equity and mutual funds. People who invest in commercial properties do so either for their own use or for the purpose of letting them out. Tax under commercial […]
Types of taxes applicable on Commercial Properties.more