Mumbai, India – Realty Quarter, a leading Real Estate and Construction Industry Media Platform, successfully celebrated its 7th anniversary of Real Estate & Construction Industry Leadership Awards 2024. The event was held on 4th May 2024 at The Club, Courtyard II, Andheri (West), Mumbai. The event was organized and marketed by Realty Quarter in association with Runwal Group, Quick Realty Homes & Villa Kulture, recognized excellence in the Real Estate & Construction Industry. The Annual Real Estate & Construction Industry Leadership Awards celebrate the efforts of real estate i ..read more

NEW DELHI: According to RBI data on “Sectoral Deployment of Bank Credit,” credit outstanding to the housing industry increased by around Rs 10 lakh crore over the previous two fiscal years to reach a record Rs 27.23 lakh crore in March of this year. This increase in outstanding home credit was ascribed by real estate and banking experts to pent-up demand and a robust rebound in the residential real estate market following the COVID outbreak. The credit outstanding for housing (including priority sector housing) stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023 ..read more

Mr. Vijay Chaudhary, Chairman of Ram Rattan Group and Dalmia Ram Rattan In recent years, there has been a noticeable surge in the popularity of farmhouses among the Indian populace. This trend reflects a growing desire among people to retreat from the hustle and bustle of urban life and embrace a more serene, luxurious lifestyle amidst nature. Spearheading this movement is Mr. Vijay Chaudhary, the visionary chairman of the Ram Rattan Group, who has revolutionized the concept of farmhouse living in India. Here’s how farmhouse communities have the potential to transform the face of the real esta ..read more

The Delhi High Court has ruled that, even in cases where an appeal against the accused’s acquittal in the predicate offence is still pending, no actions taken under the Prevention of Money Laundering Act (PMLA), including the attachment of properties, may proceed after the accused is found not guilty. In a ruling made public on Wednesday, the court declared that the accused would not be subjected to the hardships of criminal procedures or attachment under the PMLA simply by submitting an appeal against the predicate offence’s acquittal. The Enforcement Directorate (ED) appealed a trial court’s ..read more

By – Mr Gaurav Mavi,Co-founder,BOP Group A trend that is gaining popularity in the evolving real estate market is Smart Homes. As a real estate consultant with years of experience, I have seen that there is a rise of homes with modern technology that suits our daily life. Lighting of the house activated by voice and security systems which are automated are examples of resources that are now becoming necessities for nowadays home owners, rather than wishful futuristic technologies. Let us see why smart homes are more than just a fancy quirk and how they will change how we live in the futu ..read more

KOLKATA: On Thursday, the Registrar of Assurances was instructed by the Calcutta High Court to refrain from registering any property sale deed without the approved plan. Chief Justice T S Sivagnanam and Hiranmay Bhattacharyya, sitting as a division bench, issued the ruling while noting that the structure, which was still under construction when it collapsed in the Garden Reach neighborhood, lacked a sanction plan. “It has been constructed over a body of water that has existed for the past forty years. The chief justice stated, taking note of the report submitted by the Kolkata Municipal Corpor ..read more

According to an official, Countrywide Promoters Private Limited has been fined Rs 50 Lakh by the Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) for releasing a deceptive newspaper advertisement about its real estate project, Green Oaks. The official further stated that the promoter received a show-cause notice from the government after it took serious notice of the advertisement that was published in an English daily on March 2. In a formal statement, the authority noted that the promoter had failed to properly describe the details in the advertisement, in violation of ..read more

MUMBAI: A villa in Aamby Valley, several residential and commercial buildings in Mumbai, land parcels in Raigarh District, and fixed deposits totaling Rs. 113.5 crore connected to builder Lalit Tekchandani and his associates in a money laundering case are among the properties that the Enforcement Directorate (ED) has provisionally attached. In a previous instance, the ED seized/froze investments and fixed deposits totaling Rs 43 crore. An important businessman related to numerous prominent politicians and RSS functionaries, Tekchandani had helped build a hospital in Nagpur. He became involved ..read more

On Tuesday, the Mumbai civic body announced that it had sent final notices to five contractors involved in different metro rail projects in the city for failing to pay property taxes totaling approximately Rs 326.22 crore. The Brihanmumbai Municipal Corporation (BMC) said in a release that these enterprises have received final warnings requiring payment within seven days for failing to pay property taxes. In the event that contractors fail to pay the tax within the allotted seven days, the civic body threatened to seize their assets. According to the press release, these contractors received n ..read more

NEW DELHI: If clients fail to pay the full amount owed on residential or commercial buildings they have purchased, builders should lodge complaints with the relevant regulatory bodies, in Delhi said Anand Kumar, chairman of RERA. The chairman of Delhi’s Real Estate Regulatory Authority, Kumar, warned real estate developers not to fall into the “trap of investors” during a real estate event, as this might negatively impact their cash flow and cause projects to stop. “Investors fall into a trap,” he stated, noting that many wealthy people buy multiple apartments in the hopes of making extraordin ..read more