BUSINESS
Exclusive: Homebuyers should unite to fight their battle, says Hardeep Puri
There can be a resolution to buyers’ problems ‘soon’ if they insulate themselves from people who are spoiling their cases
REAL-ESTATE
Big boost for first time home buyers as RBI revises affordable housing loan limits
The enhancement in housing loan limits would also lead to many more home buyers fall in the realm of affordability. It would also lead to many more developers looking at catering to this segment
REAL-ESTATE
KMP expected to be complete within two months: Haryana government
Dwarka Expressway issue ‘tricky’, is likely to take 18 months, says Haryana finance minister Captain Abhimanyu Singh
REAL-ESTATE
Resolution to homebuyers' problems needs to be concluded at the earliest: Puri
Government sets up advisory committees to address home buyers issues
BUSINESS
Delhi Metro's Magenta Line to open on May 29: Here's a preview of the much-awaited route
Here's an early look into Delhi Metro's Magenta Line that will be inaugurated today by Housing and Urban Affairs minister Hardeep S Puri and Delhi CM Arvind Kejriwal. It will be open for public from May 29.
BUSINESS
Hardeep Puri at Smart Cities CEO conference: More cities getting into mission mode
BUSINESS
SC to decide on RBI’s plea on insolvency proceedings against JAL next month
Orders amicus curiae to set up separate portal for JAL homebuyers. Next hearing on February 5.
BUSINESS
Jaypee Infra bidders may have second thoughts as about 3,000 home buyers seek refund
Realty experts say that assuming even if 12,000 have registered their claims with the portal out of which 9,000 want a finished house and 3000 want refund, there are still thousands of units left that are part of the unsold inventory.
INDIA
RBI seeks Supreme Court nod to begin insolvency proceedings against JP Associates
Homebuyers worry if insolvency proceedings are initiated, who will deposit Rs 2,000 crore meant for refunds.
BUSINESS
RBI asks banks to refrain from filing Jaiprakash Associates in the insolvency court for now
Jaypee Infratech is among 12 large stressed companies in the first list referred to banks by RBI to start bankruptcy proceedings in June 2017.
BUSINESS
Housing ministry likely to seek increased funding for its flagship schemes in the Budget
Work on creating a housing fund to meet funding requirements is also 'in an advanced stage'
BUSINESS
NGT quashes Central notification diluting provisions of environmental clearance for construction activities
The Tribunal said that the notification though claims to serve the social cause of providing housing for the poor but, in fact, the result of its enforcement would be contrary.
BUSINESS
RERA report card: 26 states and UTs notify rules; 20,000 projects registered with regulatory authorities
Six states and union territories have established permanent Real Estate Regulatory Authority and 23 States/UTs have established interim Real Estate Regulatory Authority.
INDIA
Housing Minister Hardeep Puri: Investment of Rs 1.91 lakh crore proposed by 90 smart cities
Besides area-based development (ABD) and pan-city projects an amount of Rs 1,998.49 crore has been kept aside for operations and maintenance (O&M) cost of the mission and other contingencies
BUSINESS
Real estate this year: 2017 was a year of hope for homebuyers; actual relief may come in 2018
The legal precedents established in 2017 have laid the foundation for the ‘rules of engagement’ in the real estate sector and these will have a long-term impact
BUSINESS
Will mega real estate changes in 2017 benefit homebuyers?
The sector went through phases of both uncertainty and hope as both developers and homebuyers struggled to come to terms with a slew of regulatory reforms.
INDIA
Office leasing in 2017 records three crore square feet of net absorption, says a report
Chennai records highest growth in net leasing at 38 per cent; Pune up by 18 percent year-on-year in net leasing
INDIA
Homebuyers hold silent protest in Noida before inauguration of Magenta Metro line section
Protests were held near Noida's Sector 18 Metro station, Botanical Garden Metro station and near Amity University, Sector 125, Noida
BUSINESS
Jaypee Group searching buyers for its hotel portfolio, sale to generate ‘significant’ amount to refund homebuyers
Of Jaypee's five hotels, three hotels are in the National Capital Region with two of them being at very prime locations in New Delhi, close to the business districts and posh residential areas and one is in Greater Noida.
BUSINESS
Over 500 ‘small sized’ DDA flats in Narela and Siraspur returned by allottees
Most of them were part of the 2014 housing scheme. These will now be handed over to people whose names figure in the waiting list
BUSINESS
SC extends Jaypee Associates deadline to deposit additional Rs 125 crore to Jan 25
At the last hearing on November 22, the Supreme Court had allowed the parent company of Jaypee Infratech Ltd to deposit Rs 275 crore on that day and another Rs 275 crore by December 31
BUSINESS
JP Associates deposits Rs 150 crore with Supreme Court registry: Sources
The sources also said that JP Associates may move Supreme Court on Thursday seeking an extension for the next deadline to deposit Rs 125 crore by December 31.
BUSINESS
Jaypee homebuyers’ portal is only a data repository; options selected in the website can be changed later
The amicus curiae of the Jaypee insolvency case, Pawan Shri Aggarwal, has clarified that making buyers register their choice on the portal is only a “data collection exercise” and that options can be revised once the resolution plan is ready
BUSINESS
Expect some smart cities to be ready by June next year, says Hardeep Puri
The minister said the ten remaining smart cities will be announced by the end of January.
