BUSINESS
Attention Amrapali homebuyers! Today is the last date to fill claim forms
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
BUSINESS
NBCC or L&T should takeover completion of Wishtown project, demand Jaypee homebuyers
Buyers are also demanding that all future instalments to be paid by them should be set aside in an escrow account
BUSINESS
Center may set up fund for speedy execution of new urban missions
The funds from this pool will be released in a staggered manner over the next three to five years that will enable early completion of projects ranging from affordable housing to smart city development
BUSINESS
No homes, no EMIs! Can Jaypee home buyers seek legal recourse?
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
BUSINESS
Should insolvency code be amended to protect home buyers?
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
BUSINESS
NBCC in informal discussions to complete Jaypee Group projects
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
BUSINESS
Jaypee Infra insolvency: Can homebuyers get relief under RERA?
RERA is an important legislation that can help during the insolvency process and buyers must make use of it to put forward their right to get a finished flat rather than ask for a refund
INDIA
Global Housing Price Index: India among world's top 10 price appreciating housing markets
The country stood 9th among 55 international markets – 13 spots above its position on the index over June 2016 and even bettered the performance over the previous quarter wherein it ranked 13th
BUSINESS
Housing and urban development targets ambitious yet bold and transformative: Hardeep Puri
The newly inducted minister says if challenges are not met in two years, they can’t be met even in six years. Going by the progress on ground, they can be met
BUSINESS
UP panel’s plan an ‘eyewash’ or a ‘solution’? Homebuyers want more answers
A high-level three-member panel, in its action plan, has given a two-year deadline to Amrapali group to finish its 10 incomplete residential projects in Noida and Greater Noida
BUSINESS
Respite for home buyers of Amrapali, Jaypee: UP panel comes up with resolution plan
Co-developers will be brought in to complete the delayed projects and assured home buyers stuck in Amrapali and Jaypee projects not to pay any outstanding amount until flats are completed
BUSINESS
Credai offers to take over unfinished projects of Amrapali Group: Srcs
This proposal was made by Credai members during a meeting with three ministers appointed by the Uttar Pradesh state cabinet, which was also attended by other real estate developers active in the Noida region, sources said.
BUSINESS
Any Jaypee resolution plan must provide for a separate escrow account as per RERA norms: Buyers
"The ministers heard our problems and assured us that a resolution to the problem will be found soon,” said Devendra Yadav, a homebuyer who has invested in a Jaypee project
BUSINESS
All you need to know about RERA and its progress
25 states notify RERA rules. Four states that are yet to notify the rules include Goa, Kerala, Tripura and West Bengal
BUSINESS
Now a challenge to speed up construction of affordable housing through technology innovation
Till date, the government has sanctioned about 26 lakh houses, grounded 11 lakh units and completed three lakh units and the aim is to achieve the target of about constructing 1.2 lakh affordable homes by 2022
BUSINESS
Jaypee Infra to obtain claims of home buyers from records if buyers fail to submit forms
As many as 40,000 Jaypee home buyers are stuck in incomplete projects floated by Jaypee Infra against which the National Company Law Tribunal has recently started insolvency proceedings
BUSINESS
Demonetisation, RERA & GST fail to impact high end realty deals
In such a scenario, a deal worth Rs 45 crore for a property that has an uninterrupted view of the Arabian Sea, offers a ray of hope. Of late deals worth Rs 30 crore to Rs 400 crore have also been sealed in the Capital.
BUSINESS
NBCC open to take up incomplete real estate projects as project consultant
Real estate developers sniff an opportunity to float asset reconstruction companies to take on incomplete real estate project contracts
BUSINESS
No home, no EMI: Irate homebuyers write to Finance Minister Arun Jaitley
Homebuyers ask finance minister Arun Jaitley to instruct banks to stop EMIs until they get flats as buyers have to bear the double burden of paying rent as well as EMIs
BUSINESS
Homebuyers beware! More builders likely to seek insolvency cover to avoid RERA
With the Real Estate (Regulation and Development) Act 2016 (RERA) tightening the noose around the developer community, some of them may have found liquidation proceedings or the bankruptcy law as an avenue to escape the ambit of the state regulator
BUSINESS
Should Jaypee homebuyers stop paying EMIs?
Compared to the developer and the banker, the customer is perhaps the worst placed in the Jaypee-NCLT case and to expect that he should continue to discharge his EMI obligation while the developer has not delivered the housing unit, is grossly unfair
BUSINESS
As states allow developers extra time to register with RERA, home buyers cry foul
While there is no specific provision under RERA that allows states to extend the time period for registration for three months, most of them are doing so by interpreting the penalty clause
BUSINESS
NBCC planning to take up redevelopment projects in Uttar Pradesh
These will include the redevelopment of old government colonies in cities such as Varanasi, Gorakhpur, Agra, Shahjahanpur, etc
BUSINESS
Are interim RERA authorities set up by states illegal?
Under RERA, it may be inappropriate for interim authorities to continue after the one-year deadline that expired on April 30, 2017 but courts cannot strike down decisions taken by interim authorities appointed before May 1, 2017
