Tag: #real estate

Homebuyers’ body urged PMO to place RERA officials under CVC.

September 17, 2019

By Abhay Shah, Realty Quarter Homebuyers’ body FPCE prompted the Prime Minister’s Office to bring representatives to the Central Vigilance Commission implementing the provisions of the Real Estate (Regulation & Development) Act. The Forum for People’s Collective Efforts (FPCE) has also suggested in its letter to the PMO that all contracts adopted under RERA be audited by the […]

Homebuyers’ body urged PMO to place RERA officials under CVC.more

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.

By Abhay Shah, Realty Quarter Realities in the marketplace, the continuing liquidity crisis, shifting customer preferences and increasing affordability issues, forced property developers to reconsider their product policies and led them to decrease housing sizes considerably on seven important property markets. Average apartment size dropped from 1,400 sq ft in 2014 to almost 1,020 sq ft in […]

Real Estate Developers are looking to reduce apartment sizes in order to provide the cheapest possible price.more

Embassy REIT’s gives hope to realtors, as it received 35% appreciation in just 6 months.

September 16, 2019

By Abhay Shah, Realty Quarter India’s first real estate investment trust (Reit), Embassy Office Parks Reit, has been able to generate hope for real estate developers seeking to increase funding in the wake of the ongoing liquidity crisis with price growth of almost 35% in the previous six months since its opening in April. Several commercial real […]

Embassy REIT’s gives hope to realtors, as it received 35% appreciation in just 6 months.more

Rs. 10,000 crore stressed fund has been announced by FM Nirmala Sitharaman to complete the stalled projects.

By Abhay Shah, Realty Quarter Finance Minister Nirmala Sitharaman announced Rs 10,000 crore special window to support for last-mile funding of non-NPA and non-NCLT housing projects on September 14. Incompleted projects of almost 3.5 lakh units throughout the nation will be relieved. The FM said at the fourth such conference since mid-August it announced initiatives to […]

Rs. 10,000 crore stressed fund has been announced by FM Nirmala Sitharaman to complete the stalled projects.more

Important Things to Avoid Before Purchasing a House.

September 14, 2019

By Abhay Shah, Realty Quarter There are many instances where an individual purchasing a house for the first time are surprised to see how many forms are there to mess up a house purchase. The basic step is people would get there pre-approval, finalised a house they loved and made an offer. But to settle […]

Important Things to Avoid Before Purchasing a House.more

Reuters Poll: Will the property prices in 2019 going to fall?

By Abhay Shah, Realty Quarter Even as individuals are more willing to invest in real estate, the price of the real estate will probably decrease next year, according to a poll by the new company Reuters. The poll shows that Delhi can be hit hardest when prices drop due to inflation and loan supply decline. On the other side, […]

Reuters Poll: Will the property prices in 2019 going to fall?more

Hiranandani will invest Rs 1,000 crore at Chennai’s industrial park.

September 13, 2019

By Abhay Shah, Realty Quarter Hiranandani Group, a real estate company, is going to invest about Rs 1,000 crore to construct a 115-acre industrial and logistics park and is setting up a wind turbine manufacturing unit for Vestas. At Oragadam, Chennai, Hiranandani Group Company Green Base will create a wind turbine park and warehouse set-up for […]

Hiranandani will invest Rs 1,000 crore at Chennai’s industrial park.more

Government is trying to revive the housing sector by providing guarantees on Home Loans.

By Abhay Shah, Realty Quarter A senior finance ministry official said the government is proposing a fund that will provide guarantees to those who would otherwise not be entitled to a housing loan, enabling them to borrow funds to purchase a house. As part of a plan being formulated by the government to assist the housing […]

Government is trying to revive the housing sector by providing guarantees on Home Loans.more

Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.

September 12, 2019

By Abhay Shah, Realty Quarter The Maharashtra Real Estate Regulatory Authority (MahaRERA) enforced on Godrej Properties a penalty of Rs 30 lakh for placing 30 hoardings of their new project in Thane without first registering it. After complainant Aditya Bothra brought the discrepancy to its notice, the authority called up Godrej Properties for a hearing. […]

Godrej Properties promotes its project without registration, receives a fine of Rs.30 lakhs from MahaRERA.more

NCDRC ruled, Promises done in brochures need to be accomplished by Builders.

By Abhay Shah, Realty Quarter Recently, the National Consumer Disputes Redressal Commission (NCDRC) ruled that a developer is bound to fulfill not only the promises made in flat buyers’ agreements but also the amenities mentioned in their promotional material. On this basis, the commission increased the compensation granted by the district forum to Rs 3 […]

NCDRC ruled, Promises done in brochures need to be accomplished by Builders.more

Tag: #real estate

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