Escrow

While Section 18 of RERA Act clearly states that a homebuyer can seek refund and ought to be compensated for ‘undue’ delays in a project, experts said a withdrawal by a handful should not jeopardise completion of an entire project

Unitech Q1 sales bookings double to Rs 362 cr

According to a latest operational update, Unitech sold 2 million sq ft of area for Rs 362 crore during the first quarter of the current fiscal.

Select panel seeks stricter version of Real Estate Bill

The Select Panel appointed to review the Real Estate Regulatory Bill has drawn up a list of as many as 37 suggestions, seeking to incorporate them before the bill is turned into law.

Proposed regulator's norms 'death knell' for Mumbai mkt: DB

Developers say one proposed law in the bill has caught them on the wrong foot: the Real Estate Regulatory Bill requires them to deposit 50 percent of funds received from buyers in an escrow account, and which will be utilized only for construction purposes.

Sebi clears new buyback norms, clubs FIIs, QFIs as FPI

The purpose of Chandrasekhar committe's proposal is to make investing in capital markets attractive and easier for foreign investors. Sebi ha approved the committee's proposals.

Sebi may seek more details from investors in pref issues

Sebi will seek disclosure on the source of funds of the investors who have been allotted shares in preferential issues. Also, the allottees will have to subscribe to the issue using their own funds