Tag: #real estate

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 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

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

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

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

Over 50% of developers exit the real estate market in top 9 cities.

By Abhay Shah, Realty Quarter There has been massive consolidation of developers in the top 9 cities in India, with over 50% of the total developers that existed in 2011-2012 leaving the market by 2017-18, the report says. Developers consolidated in Gurugram, Noida and Chennai has been to the amount of 70% since 2011 to date […]

Over 50% of developers exit the real estate market in top 9 cities.more

Part of Palais Royale to be auction by the collector – Mumbai

July 17, 2019

By Abhay Shah, Realty Quarter Besides problems for the developer of Palais Royale, the 56-floor under-construction tower at Worli Naka in Mumbai, the town collector will auction out a portion of the land he stands to recover dues for a flat purchaser. The forthcoming sale was made on the order of the government housing regulator MahaRera last […]

Part of Palais Royale to be auction by the collector – Mumbaimore

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

Bombay HC quashes CRZ clearance for Mumbai Coastal Road Project.

July 16, 2019

By Abhay Shah, Realty Quarter On 16 July 2019, the High Court of Bombay annulled the CRZ Clearance granted to the city civic body’s ambitious Rs 14000 cr Coastal Road project. The Court ruling states that a 29.2 km long project proposed to connect the Marine Drive area in the South of Mumbai to suburban Borivali in north Mumbai […]

Bombay HC quashes CRZ clearance for Mumbai Coastal Road Project.more

Investigation for Rs 53 crore scam for 310 investors is underway said EOW.

By Abhay Shah, Realty Quarter The Economic Offences Wing (EOW) has brought an action against the office bearers of a private company which has reportedly duped a sum amount of Rs 53 crore of more than 310 investors. One of these investors from Ghatkopar came to Parksite Police on July 11, for lodging a complaint […]

Investigation for Rs 53 crore scam for 310 investors is underway said EOW.more

Tag: #real estate

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