TARC KAILASA, a 1.7 million square feet development spread over a strategically located 6-acre land parcel, comprises 5 high-rise magnificent towers beautifully designed by renowned architectural practice Andy Fisher Workshop – Singapore.

The Company has thoughtfully chosen Arabian Construction Company as its construction contractor considering their expertise in high-rise construction and the large number of delivered projects all across India and also UAE.

Amar Sarin MD & CEO of TARC Limited expressed his views on the meticulously designed project that never before offered the amenities and luxury that the buyer community has been longing for in New Delhi, India.

Be it the expansive spread, the high ceilings, the 3 sides open design for light and ventilation, very high-end specifications, private lift lobbies, and the all-weather pools, KAILASA has been designed to provide the solace and tranquility we all long for.

The 170,000 square feet of entertainment areas, the 7-tier security, the concierge services, and the large apartment formats at KAILASA have something and more for each member of your family stated Amar Sarin (MD & CEO).

TARC KAILASA has a revenue potential of over INR 4000 Crores, and the Company reported garnering a tremendous response.

Commenting on the growth and transformation of the residential real estate sector Amar Sarin shared his very positive views and belief on the growth trajectory that India is witnessing and the greater growth opportunities going forward under the admirable and glorious leadership of our revered Prime Minister Shree Narendra Modi Jee.

TARC Limited recently got a new brand identity, which in consonance with the values and traditions that are adopted by the Company is Inspired By India.

Thanks & Regards,

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Get ready for the most anticipated event in the real estate industry!

7th Real Estate Awards and Construction Industry Leadership Awards 2024

Brace yourselves for the most awaited event in the real estate industry – the 7th Real Estate Awards and Construction Industry Leadership Awards 2024! Scheduled for Saturday, 4th May 2024, this prestigious event promises an evening filled with recognition, celebration, and networking opportunities for the crème de la crème of the real estate and construction sector.

Event Details:
Date: Saturday, 4th May 2024
Time: 6:00 PM onwards
Venue: THE CLUB, Courtyard II, D.N. Nagar, Andheri(W), Mumbai

The Real Estate Awards, presented by Realty Quarter, is an esteemed platform that acknowledges and applauds the exceptional accomplishments and contributions of individuals and organizations within the real estate and construction domain. This year’s awards ceremony will honor excellence in various categories including Best Residential Project, Best Commercial Project, Best Green Project, Best Affordable Housing Project, Best Architecture Project, Best Interior Project, Best Real Estate Company, Best Construction Company, and more.

Why should you Participate?
17 Years of Legacy & Trusted Brand in REAL ESTATE Media.
40+ Builders Developers & Construction Companies
10+ Leaders and Celebrities.
10+ Institutional Channel Partners.
10+ top Broker Association Presidents.
15+ Digital Media Platforms.
10+ Top Leading Club Members.
5+ Leading Newspapers
150+ RERA Registered Channel Partners.
50+ Top Real Estate HNIs, Investors & Buyers.
Architects, Interior Designers, Exporters, Importers & Corporate Owners.
300+ Respective Invitees & Guest
Return Gift: 200+ For Every Respective Guest.

Sponsorship Opportunities:
Various sponsorship categories such as Title Sponsorship, Gold Sponsorship, Silver Sponsorship, and Venue Sponsorship are available. For sponsorship inquiries, please call 9820659743 or 8279547396.
Visit: Real Estate Awards

The post Get Ready for the 7th Real Estate Awards and Construction Industry Leadership Awards 2024 appeared first on .

Aadhar was purchased by private equity firm Blackstone in 2019 for roughly $300 million as a result of the group’s wager on the rising demand in India for finance and affordable housing.

The IPO is Aadhar’s second attempt at listing following the cancellation of a $1 billion plan in 2022 due to market turbulence following the conflict between Russia and Ukraine.

According to these sources, Aadhar intends to submit its IPO paperwork to India’s market regulator in the upcoming two weeks.

In the midst of record-high stock markets in India—a rare bright spot for international investors—a deal would be the most recent instance of private equity investors seeking to sell off portions of their businesses.

A rapidly expanding economy and promises of political stability are driving the nation’s record-listing intentions at the moment. Its benchmark index, the Sensex, is trading close to record highs, and its stock market recently surpassed Hong Kong’s to become the fourth largest in the world.

“Blackstone intends to sell a portion of its holding to profit from the current state of the market. Since the IPO plan is still confidential, one of the two sources, who wished to remain anonymous, stated that timing is crucial for a progressive sell-down.

As consultants for its most recent initial public offering (IPO) filing, Aadhar has enlisted investment banks Citi, Nomura, and India’s Kotak and ICICI. The sources stated that a Mumbai listing is anticipated by May.

Citi, Nomura, and Blackstone all declined to comment. Aadhar, ICICI, and Kotak did not reply to requests for comments.

Aadhar provides house loans up to $18,000 to individuals with as low as $75 monthly income in a nation where escalating real estate costs have made major city property ownership more and more challenging.

According to the company, “economically weaker sections and low-income groups” receive the majority of its loans.

Although state-owned and private banks account for the majority of mortgage loans in India, more recent private equity-owned companies are vying for market dominance. In recent years, investors like Morgan Stanley and Warburg Pincus have placed bets on the industry.

Aadhar claims to oversee $2 billion in loans across 20 Indian states and 479 offices. According to its annual report, during 2022–2023 its net profit increased by 22% to $65 million, while its total income increased by 18% to $245 million.

The post Sources: Aadhar Housing Finance aims for an India IPO of $600 million. appeared first on .

“These suggestions won’t be approved unless the water source is clarified… The more than 200 building plans that have been received in the past two months are being examined. The process will start in February and each proposal will be followed by a site visit, he stated.

These developments are situated in the Pune district’s Maval, Mulshi, and Haveli talukas, which are experiencing a boom in building activity.

As per the directions issued by Divisional Commissioner Saurabh Rao last week, the checks have been started. Rao had instructed the PMRDA and municipal commissioners of Pune and Pimpri Chinchwad not to permit construction work until the builders had disclosed the sources of water they planned to supply to the property owners.

Every proposal will be considered on its own. If no one is living in the complex yet, permissions will be revoked. The PMRDA commissioner stated, “We will look for the water sources that the developer promised.”

The building permit department officials said that a review of the approvals granted based on the builders’ affidavits and the gram panchayat NOC would take place.

When awarding building licenses, the divisional commissioner had instructed PMRDA to consider more information than just the developers’ affidavits about water supplies.

Last Monday, the divisional commissioner urged the public to express their complaints over the water supply, under the directives of the Bombay High Court. 60 or more residents have brought up concerns about the water supply.

The PMRDA, which oversees more than 800 villages, two municipal corporations, seven municipal councils, and three cantonment boards, has sprung into action and chosen to carefully examine the construction projects it has approved.

The post Due to water access, PMRDA has put 20 development plans on hold. appeared first on .

As per the guidelines released by the BMC on October 25, it is mandatory for project proponents to erect tin metal sheets, at least 35 feet high, around construction projects that surpass a height of 70 meters.

However, Minish Pimple, the deputy municipal commissioner for the environment, stated on Monday that the height of the tin sheets will be lowered to 25 feet, though a formal order in this regard has not yet been issued. We advise using a green cloth above that height instead.

The current on-site challenges, where most buildings have limited space between the basement and plot boundary, were brought to light by PEATA’s former president, architect Shirish Sukhatme. “Significant lateral pressure and a large amount of foundation space are needed to erect a tall sheet.

It is necessary to take into account the wind load, nearby traffic, and worker safety. The durability of the sheet is essential for averting potentially fatal situations. In addition, Suktame stated that although the required green cloth complies with regulations, it causes discomfort for employees due to its increased heat in the cramped workspace.

In the meantime, the BMC suggested that Mhada, SRA, and MMRDA form their own flying squads to monitor construction site violations that were listed by the civic body on October 25 during a meeting with various government authorities on Monday.

“According to SRA officials, construction sites that do not follow air pollution guidelines are already receiving stop-work notices. In order to ensure that the established protocols are consistently followed, we have also asked them to continue routinely monitoring the locations,” a BMC representative stated.

The majority of the 343 stop-work notices that the BMC has issued to projects that have violated air pollution mitigation guidelines thus far are located in the K-East (Andheri East) and H-East (Kalina and Vakola) wards.

According to officials, ward officers were instructed to act strictly during the meeting on Monday and, if necessary, to file a police complaint in the event that a developer does not stop working after receiving a stop-work notice.

The post Mumbai: BMC lowers the building site tin sheet height restriction to 25 feet due to concerns about structural stability. appeared first on .

Justice M. Nagaprasanna granted M/s Paramount Constructions’ petition and ordered Punjab National Bank (PNB) to pay the petitioner Rs 30, 69,08,217 as the purchase price of the scheduled property, plus interest at the bank’s lending rate and incidentals.

The judge further mentioned that the Supreme Court had determined in the Unitech Limited vs. Telangana State Industrial Infrastructure and Others case that, in some situations, even on a money claim, the writ would be valid, if the state’s action reeks of arbitrariness.

After placing a winning bid of Rs 15.2 crore in an online auction for a mortgaged property in Peenya, the petitioner received a sale certificate for the property in October 2014. In response to the petitioner’s request for a khata transfer, a few people who claimed to be the owners of the agreement over the subject property raised concerns.

In response to these complaints, the BBMP started legal action under the KMC Act against the auction buyer.

Following that, a number of lawsuits were brought up, including one by one Madhava Iyengar, the property’s original owner, and his legal counsel.

In the course of the sale of the property, which was hypothecated to PNB in order to receive a business loan, there were also complaints, allegations of fraud, and fabrications of truth.

The petitioner sought the bank to request a refund of Rs 30,69,08,217 in light of the legal disputes. The bank’s evasive response, however, prompted the petitioner to go to the top court.

After reviewing the evidence, Justice Nagaprasanna observed that the bank’s refusal to deliver a property free from all encumbrances resulted in an innocent auction buyer bearing the weight of needless litigation.

If the bank had exercised due diligence when giving the loan to the company in 2010, the current situation would not have arisen. The bank is currently attempting to wash its hands of the situation by claiming that it is not liable for any issues that might arise following the sale because the e-auction notice made it abundantly clear that the property was being offered “as is, where is, and as is basis.”

This would not imply that a property that is not free from encumbrances might be given to an auction purchaser, the court continued.

The bank’s sole objective, according to the court, “seems to have been to regain its charge over the property and find a way to recover the loan amount,” it concluded.

The post HC orders a refund to the winning bidder after criticizing PNB for selling property without a clear title. appeared first on .

According to a statement from CREDAI, at the discussion, they voiced their concerns regarding “the impact of GST being levied on reconstruction projects/ rehabilitation flats which are being built and given back, free of cost, to existing occupants.”

With the regulations for redevelopment in the Mumbai Metropolitan Region (MMR) falling under the purview of DCPR 2034, which supports such projects by allowing developers to use higher FSIs (floor space indices), CREDAI MCHI claimed that the GST imposed on such projects is defeating the very purpose of increasing real estate value by seriously jeopardizing the financial viability of numerous projects.

The provision of new homes to current occupants, tenants, flat owners, and slum dwellers (output service) and the sale of the flats, shops, and offices (sale component) on the open market are currently viewed as separate transactions, which results in increased tax requirements, the statement continued.

CREDAI claimed that it had made numerous arguments to restructure the GST provisions in order to create an environment that is more favorable for rebuilding projects.

“The flats to existing occupants/slum dwellers/tenants/flat owners are offered free of cost, and hence no GST should be charged where there is no consideration,” the statement stated, noting that the cost of construction and rehab is already included in the cost of sale component.

As a result, taxing the sale and rehab separately would result in double taxation, according to CREDAI.

The statement continued, “Sale component is already offered for GST, and therefore the value of construction of rehab is also offered for GST being within it.

According to CREDAI, the building of rehabilitation projects is an input service that is necessary for the building of sale components, which is an output service.

According to the group, “In actuality, 10% GST is currently being charged on flats being sold from the sale component (5% on rehab and 5% on sale, both borne by ultimate consumers).”

The MMR is one of the most lucrative real estate markets in India, but according to Boman Irani, president of CREDAI National, the area needs a supportive redevelopment ecosystem to reach its full potential.

About 50% of the population still lives in slums or old, decaying structures, he continued, and there are many of these.

For Irani, some regulatory and taxation issues need to be corrected, which will improve the long-term demand-supply for these projects.

The post CREDAI calls for the removal of the GST on free-of-charge apartments offered in redevelopment projects. appeared first on .

The court noted that the role of a broker is to persuade the vendor and purchaser to arrive at the sale of a property and that only upon completion of the transaction the agent becomes entitled to claim the compensation for his work done.

The court determined that the Deonar gala, valued at Rs. 1.1 crore, was never sold by the property owner to the party represented by the broker and was instead sold to a different party.

“Once either side abandons the transaction, the agent cannot assert his right to recover fees as an agent. The court ruled that the claim of helping the parties to a compromise cannot be considered part of carrying out the agent’s obligations.

The buyer filed a lawsuit with the Bombay High Court after the deal between the buyer and the purchaser fell through, according to the court.

The transaction between the defendant (Valerian Noronha) and the buyer (Ganesh Kamath), for which the plaintiff (Kamani) is claiming that he discharged his duties as a broker, has thus far failed but not been completed, the court stated.

The post Court: Broker may only be compensated for work completed. appeared first on .

The annual Real Estate & Construction Industry Leadership Awards celebrate the efforts of real estate industry professionals, including Builders, Developers, Marketing Companies, Architects, Infrastructure and trade professionals, and felicitates their endeavor and contribution to the sector since 6 years. The range of awards was varied from achievements, marketing, legal aspects, commercial and residential projects, redevelopment projects, townships, social contributors, mass housing, corporate governance, SEZs, and architects.

The event was graced by the presence of eminent personalities such as Chief Guests,
1.) Shri Kripashankar Singh (Ex Minister of State for Home Affairs (BJP))
2.) Mr. Prashant Karulkar (Chairman, Karulkar Pratisthan)
3.) Shri Abhijeet Rane (Prominent Labor Leader Founder & General Secretary Dhadak Kamgar Union).

The Guest of Honour included
1.) Ms. Eram Faridi (Social activist/Producer at Erams Entertainment)
2.) Advocate Ameet Mehta (Managing Partner SOLICIS LEX)
3.) Ms. Gurmeet Kaur Maan (Actress / Diva International/ Mrs. Pune)
4.) Mr. Dilshad S. Khan (Director & Editor: Mumbai Hulchal)

Our Keynote Speaker:
Shri Sulaiman Bhimani (Legal Consultant and the President and Founder of NGO Citizens Justice Forum)

In addition to the awards, Realty Quarter also felicitated Channel Partners Association Founding Members & President, which included :
1.) Dr. Ajay L Dubey (President – Foundation of Mira Bhayandar Property Dealers Association)
2.) Adv. Lawrence A. Shetty (President – “TEAA” Thane Estate Agents Association)
3.) Mr. Shaukat Shaikh (President – Ghodbunder Road Estate Agent Association Thane)
4.) Mr. Kalpesh Valia (Secretary- Real Estate Agents Association of Kandivali (REAAK))
5.) Shri Lalit Parmar Ji (President – Gujarat Real Estate Agent Confederation(GREAC))
6.) Shri Ravi Sharma Ji (President – Realtors Estate Association Pune. (REAP) )
7.) Shri Mahesh Arya Ji President Chhattisgarh Real Estate Brokers Association.
8.) Shri Nirav Purohit Ji (Founder of Bharuchrealestate.com)
9.) Shri Bharat R. Devda (President – Surat Real Estate Broker’s Association)
10.) Shri Hitesh Vinod Kaku (REAAK P.R.O)
11.) Mr. Arvind C Chandra Bhanushali (Ghatkopar Real Estate Agent Team – GREAT)
12.) Mr. Ashok Trivedi (Founder of MAXX PRO)
13.) Mr. Vipin Sanade (Managing Director Britech Realty LLP)
14.) Mr. Manish Vohra (President of Ghatkopar Real Estate Association)

The event also had an enlightening panel discussion with :
1. Mr. Jitendra Mehta – President CREDAI MCHI THANE
2. Adv. Kiran Jain – Founder Regius Legal LLP and Kiran Jain & Co
3. CA Ramesh Prabhu – Founder S.W.A.E Welfare Association
4. Mr J S Augustine – CEO, TransIndia Group
5. Mr SubhashPillai – CEO of Asshna Developers

MODERATOR FOR OUR PANEL DISCUSSION:
Mr. Siddhant Thakur, (Founder and Director of Commercial Space India(CSI) a portal for commercial real estate & Property Tech Company)

Realty Quarter also had the pleasure of having Special Invitees such as:
1.) Mr. Pravin Chandra (Casting Director/ Writer/ Acting Coach)
2.) Shri Harshad Shah (Chairman, BAI Mumbai Centre)
3.) Mr. Varun Singh (Senior Journalist, Founder & Editor of Square Feat India a Real Estate News Website)
4.) Shri Rajesh Kumar Shukla (Founder of Govind Radhe shyam Seva Sansthan)
5.) Mr. Harish Kotwani (C.E.O of Sion International) (Real Estate Division)
6.) Adv Akhilesh Chaube (Director AVA Corporation)
7.) Kajol Gianani (Actress / Author / Miss Mumbai)
8.) Prachi Bansal (Actress)
9.) Ms. Dhwani Pawar (Actress / Comedian)
10.) Ms. Anastasiia Kolisnichenko (Ukraine Born Master Sport of Acrobat)

We would also like to express our sincere gratitude to our sponsors, whose generosity has made this event possible. A big thank you to TransIndia Group, for their invaluable support in making this event a grand success.

We would like to take a moment to thank our esteemed media partners who have helped us promote this event to a wider audience.

Furthermore, we would like to express our gratitude to our supporters and partners, who have played a vital role in making this event a success. We extend our heartfelt thanks to CREDAI MCHI Thane, BAI, MahaSeWR, Karulkar Pratisthan and Erams Entertainment for their unwavering support and collaboration.

We also acknowledge the contributions of our:
=> Exibition Partner: Indian Property Expo
=> Alliance Partner: CityZone Realty Pvt Ltd
=> Legal Partner: Regius Legal, Solicis Lex Advocates and Solicitors, Sanjay Chaturvedi Associates
=> Online Portal Partner: Commercial Spaces India, Quick Realty Homes
=> Digital Agency Partner: PROPFYND
=> Associate Partner: FMBPDA, Indiprops, Prop Angel, DG Corp
=> Outdoor Partner: Global Advertisers
=> Print Media Partner: Media Varta News, B&CU (Building & Construction Update), Mumbai Halchal, Mahanagari Times

We are grateful to have had the opportunity to collaborate with such outstanding media partners, sponsors, supporters, and partners, who have helped us make this event a success. We look forward to working with them again in the future.

We are pleased to announce the winners of the prestigious awards for the year 2023. It is our pleasure to recognize the efforts and achievements of these outstanding individuals and companies in the real estate, advertising, banking, and technology industries.

We extend our heartfelt congratulations to the following awardees:

1.) “Most Trusted Brand in Real Estate Development of the Year 2023” – DG Corp
View details
2.) “Best Real Estate Marketing Company of the Year 2023” – Meridian Realty
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3.) “Best Elevation Concept & Design of the Year 2023” – Asshna Developers
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4.) “Upcoming Real Estate Brand of the Year 2023” – Trans India Group
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5.) “Best Construction Quality 2023” – Atharv Lifestyle
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6.) “Best Outdoor Hoarding Company of the Year 2023” – Global Advertisers
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7.) “Best Decentralised Banking Ecosystem 2023” – Bankencrypt
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8.) “Best Commercial Project of the Year 2023” – Balaji Arcade by Shree Developers
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9.) “Emerging Real Estate & Proptech Company 2023” – Citizone Realty Private Limited
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10.) “Best Crypto Gaming Project of the Year 2023” – Monetas Global
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11.) “Most Trusted Brand in Interior Firm 2023” – AARCS An Interior Design Studio
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12.) “Rising Business Consultant of the Year 2023” – Rabiyaa International Consultants Pvt Ltd
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13.) “Best Upcoming Residential Project of the Year 2023” – Codename Artclav by Agami Realty
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14.) “Best Employee & Business Partner of the Year 2023” – Ms. Shaista Ansari (Vice President) of Realty Quarter
View details

As the founder of Realty Quarter, I, Pawan Chauhan, feel honored and proud to have had a successful and grand 6th Anniversary of the Real Estate & Construction Industry Leadership Awards 2023. I would like to express my gratitude to my entire Realty Quarter team who worked day and night to make this event a success. We look forward to a long-term association with the entire real estate and construction industry.

Thank you and regards,

Pawan Chauhan
Founder, Realty Quarter
09970037166 / 09820659743

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The real estate industry in India is flourishing, and there are many options accessible for people who want to buy or sell property. Online portals have gained popularity as a means of conducting real estate transactions as the real estate sector becomes more and more digitized. We’ll look at some of the top Indian real estate portals and websites for buying and selling property in this article.

1.) Magicbricks: One of the top online real estate marketplaces in India. It was introduced in 2006, and the Times Group owns it. The website offers a wide range of services for buying, selling, and renting real estate, including verified listings, virtual tours of the homes, and help with the necessary paperwork. Magicbricks is an all-inclusive website for anyone trying to purchase or sell property in India because it also provides features like property price trends, localities’ insights, and user reviews.

2.) 99acres: 99acres is a different well-known real estate marketplace in India that provides a variety of services for buyers and sellers of real estate. The platform was introduced in 2005, and Info Edge, the business behind Naukri.com, owns it. Users of 99acres can access verified listings, virtual tours of properties, and price trend analyses for different areas. The platform serves as a one-stop shop for all property-related issues by providing a variety of services like home loans, property appraisal, and legal advice.

3.) Housing.com: Housing.com is a well-known real estate website that employs technology to make buying and selling real estate easier. PropTiger.com, which launched the platform in 2012, is the platform’s owner. A number of services are available through Housing.com, such as verified listings, virtual tours of properties, and help with paperwork. Additionally, the platform features a special function dubbed “Slice View,” which gives consumers a 360-degree view of the inside of the property. Housing.com is a great resource for Indian buyers and sellers of real estate because it also offers users information on neighbourhood trends and real estate price indices.

4.) CommonFloor: Quikr is the owner of CommonFloor, a real estate platform that was introduced in 2007. Users can get verified listings, virtual tours of properties, and help with documents through the platform. Along with a variety of other services, CommonFloor also provides legal counsel and housing loans. The platform features a distinctive feature called “Community Living,” which gives customers knowledge about the neighbourhood, including specifics about the area’s schools, hospitals, and services. Additionally, CommonFloor provides a mobile app that makes it simple for users to browse the website while on the go.

5.) PropTiger: Elara Technologies is the owner of PropTiger, a real estate platform that was first introduced in 2011. Users can get verified listings, virtual tours of properties, and help with documents through the platform. Additional services provided by PropTiger include home loans, property appraisals, and legal support. The website features a distinctive feature dubbed “Real Insight,” which gives customers data-driven insights into the real estate market. Additionally, PropTiger has a mobile app that makes it simple for consumers to browse the website while on the go.

These are some of the top websites/portals for buying and selling real estate in India. Every platform has a different collection of features and services, therefore it’s critical to compare them all according to your own requirements. Online portals provide a convenient and hassle-free approach to buy or sell property in India, regardless of the platform you select.

The post Top 5 Real Estate Property Buying and Selling Websites in India appeared first on .