Tag: #property industry

Delhi chief minister has announced to provide free electricity for all individuals consuming up to 200 units.

August 3, 2019

By Abhay Shah, Realty Quarter On August 1, 2019, Chief Minister Arvind Kejriwal announced free electricity for people consuming up to 200 units in a move a few months ahead of the Delhi assembly polls. Kejriwal said his government would offer complete subsidies for people using up to 200 units of electricity at a press […]

Delhi chief minister has announced to provide free electricity for all individuals consuming up to 200 units.more

Three years advance rent payable by developers under SRA projects: Maharashtra Government.

August 2, 2019

By Abhay Shah, Realty Quarter In the past, many slum residents underwent redevelopment complained that developers didn’t pay the rent amount for the accommodation for transit. For instance, More than 100 slum residents of the Dhobi Ghat slum rehabilitation project in Mumbai have been telling us that they have not received their monthly rental from the developer […]

Three years advance rent payable by developers under SRA projects: Maharashtra Government.more

The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).

By Abhay Shah, Realty Quarter On Thursday the centre approved the construction of nearly 1.4 lakh more homes under the Pradhan Mantri Awas Yojana, which would take more than 85 lakh houses to be built under this scheme. The Union Housing and Urban Affairs Ministry said that the approval of this decision was provided by […]

The government provides approval for construction of about 1.4 lakh more houses under PMAY (U).more

The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.

August 1, 2019

By Abhay Shah, Realty Quarter Realtors’ body, NAREDCO (National Real Estate Development Council), stated that the proposed model tenancy legislation would greatly encourage rental housing if enforced in all states, and anticipated builders to build at least 50% of their total rental inventory in the next five years. A draft of “The Model Tenancy Act 2019” […]

The model tenancy law can induce developers to build about 50% of houses for rent purpose: NAREDCO.more

Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.

By Abhay Shah, Realty Quarter Housing Minister Radhakrishna Vikhe Patil said on Wednesday that his Government will approach the ministry of shipping and surface transport for the 100-acre Mumbai Port Trust to build transit camps to provide alternative accommodation for “dangerous” building occupants. “The government decided to redevelop the 500-odd hazardous buildings in the city after […]

Maharashtra Housing Minister is planning to create transit camps for dangerous buildings occupants.more

JLL India revenue grew by 17% to Rs 4,000 crore – FY19 report.

July 31, 2019

By Abhay Shah, Realty Quarter Despite the slowdown in the real estate market, property consultant JLL India’s revenue grew 17% to Rs 4,000 crore in 2018-19 and is planning to recruit 2,000 employees by the end of next year to maintain this growth momentum. During the financial year 2017-18, JLL India, which is a part of global real […]

JLL India revenue grew by 17% to Rs 4,000 crore – FY19 report.more

Important things to know by NRIs before taking a home loan in India.

By Abhay Shah, Realty Quarter The Indian real estate market provides non-resident Indians (NRIs) a profitable investment opportunity. NRIs are also permitted to purchase property in India, through home loans, just like residents of India. But for NRIs and resident Indians, the rules on home loans are not the same. Therefore, key distinctions are essential […]

Important things to know by NRIs before taking a home loan in India.more

MHADA to amend laws to accelerate the redevelopment of cessed buildings.

July 30, 2019

By Abhay Shah, Realty Quarter The Maharashtra Housing and Area Development Agency (MHADA) is taking measures to expedite the redevelopment of the cessed buildings in the island city, as a matter of urgency, following the death of 11 individuals in the Kesarbai building collapse in Dongari on 16 July. The MHADA proposed new legislation on the […]

MHADA to amend laws to accelerate the redevelopment of cessed buildings.more

Piramal Real Estate Fund aims for an extension of one year.

July 29, 2019

By Abhay Shah, Realty Quarter The real estate investment trust (REIT) created by Piramal Fund Management said its tenure will be extended by one year, delaying exits, due to six projects worth about Rs 562 crore getting stuck. Scheme V of the Indiareit fund started in 2013 with a primary term of six-years, which can be extended […]

Piramal Real Estate Fund aims for an extension of one year.more

Raheja Developers failed to make the payment, faces insolvency proceedings.

By Abhay Shah, Realty Quarter Raheja Developers, a Delhi-based builder, is in a situation of insolvency as per Section 9 of the Insolvency and Bankruptcy Code 2016, which has been ordered by the National Company Law Appellate Tribunal (NCLAT) to acknowledge the case. In a complaint lodged by an operational creditor, Ahluwalia Contracts (India), the appellate tribunal […]

Raheja Developers failed to make the payment, faces insolvency proceedings.more

Tag: #property industry

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