While free gold coins and white goods continue to be offered as free gifts by developers this festive season, the new kid on the block is a GST waiver that has caught the fancy of many real estate developers this Navratras
Recenlty a builder offered a house on rent in a completed project till the time the new unit is ready for possession. This, say experts, is a way to enhance sales in a relatively slow-moving market.
Supreme Court denies interim bail to Unitech promoter; asks buyers to register claims or refund on new portal
Central assistance of up to Rs 2.50 lakh per house now available for building houses on private lands.
The homebuyers' petition states that buyers be treated at par with financial creditors
The Supreme Court on Wednesday ordered Unitech to pay Rs 80,000 as compensation to each of the 39 home buyers in the realty firm’s Vista project in Gurugram.
The supporting documents for proof that homebuyers are required to attach with the claim form include documents such as allotment letter, receipts, sale deed, agreement of Sale, bank statements, etc
A group of homebuyers in Noida have challenged the Uttar Pradesh RERA rules in the Allahabad High Court, saying that the provisions have been diluted. The petitioners have called for implementation of the rules as per the Central RERA Act.
The project was pre-launched in 2013 and around 500 buyers had made payments to the tune of 30-50 percent of the cost of their homes.
Buyers are also demanding that all future instalments to be paid by them should be set aside in an escrow account
The government is studying the Insolvency and Bankruptcy Code on a “comprehensive basis” to amend the law to provide relief to thousands of homebuyers stuck in projects where builders are claiming insolvency.
Jaypee home buyers want interim relief from court that they should be allowed to stop paying EMIs until flats are delivered to them as they have no hope yet
The Confederation of Real Estate Developers’ Association of India on Wednesday stepped in to resolve the woes of homebuyers who are facing delays in delivery of flats due to insolvency procedures carried on real estate firms.
Experts say that instead of amending the Insolvency and Bankruptcy Code (IBC), which is a general law, the best approach will be to amend the sectoral law, which in this case is the RERA
The Maharashtra government has announced a reconstruction and redevelopment policy for authorised tenanted buildings in Mumbai city and suburbs. This move comes after the recent building collapses which killed 50 people.
The focus at the convention was on the three tsunamis that have hit the real estate sector in the past one year namely demonetization, RERA and GST. Here are 5 takeaways from the convention.
The apex court has appointed representatives on the Committee of Creditors to espouse the interests of homebuyers.
The directors of Jaypee Infratech and JP Associates have also been restrained from travelling abroad without permission of SC.
As the current total of Grade-A offices in the city is 109 million sft, a stock of about 16 million sq ft could be added in the next one and a half years as per construction schedules announced by developers.
The Lavasa Project is actually a collection of smaller projects and each of them has a different delivery date.
Consumer Affairs Minister Ram Vilas Paswan today said his ministry has so far received 400 complaints from aggrieved homebuyers of Jaypee Infratech and an in-house panel has been set up to look into the matter.
The apex court refused to grant interim bail to jailed Unitech promoters Sanjay Chandra and Ajay Chandra till September 15 in a case of alleged forgery lodged by home buyers of its Gurugram-based housing project.
The Supreme Court on Friday refused to grant interim bail to Sanjay Chandra--a promoter of real estate firm Unitech Ltd--for seven days in a case of alleged forgery.
The application is a follow-up to the IDBI Bank moving the apex court on Thursday for lifting the stay on the insolvency proceedings against Jaypee Infratech
Jaypee homebuyers had written to the authorities, seeking help of state-owned companies like HUDCO and NBCC to step in and complete the pending projects