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  • NBCC assures Jaypee homebuyers it would deliver 70% units in 30 months May 07, 2021 10:25 PM IST

    NBCC assures Jaypee homebuyers it would deliver 70% units in 30 months

    NBCC has also proposed to set up a single-window redressal system to help resolve grievances of homebuyers.

  • Jaypee Infratech case: Resolution process may get delayed; IRP seeks extension for a month from Supreme Court May 06, 2021 09:16 PM IST

    Jaypee Infratech case: Resolution process may get delayed; IRP seeks extension for a month from Supreme Court

    On March 24, the Supreme Court had directed the interim resolution professional of Jaypee Infratech to invite modified or fresh resolution plans only from Suraksha Realty and state-run NBCC and complete insolvency proceedings in 45 days. The timeline ends on May 8

  • Jaypee Infratech case: Resolution process may get delayed, say sources Apr 30, 2021 02:28 PM IST

    Jaypee Infratech case: Resolution process may get delayed, say sources

    NBCC and Suraksha Group sweeten bids.

  • Homebuyers drag Delhi-NCR developer Ajnara to bankruptcy court for 4-year delay in project Apr 24, 2021 06:39 PM IST

    Homebuyers drag Delhi-NCR developer Ajnara to bankruptcy court for 4-year delay in project

    NCLT Delhi issues notice to Ajnara India seeking response to decide on further course of action.

  • UP RERA defers physical hearing option on account of COVID-19 pandemic Apr 16, 2021 08:49 PM IST

    UP RERA defers physical hearing option on account of COVID-19 pandemic

    The virtual hearing of the cases will be continued in its present form, the authority has said.

  • Homebuyers suffer in West Bengal as SWAMIH Fund not applicable Mar 08, 2021 02:37 PM IST

    Homebuyers suffer in West Bengal as SWAMIH Fund not applicable

    Appeal to BJP to declare in their party manifesto for the upcoming West Bengal polls that they would repeal WBHIRA in case they were to form the government

  • Women emerge as key homebuyers after COVID-19; as many as 71% prefer to buy ready homes Mar 03, 2021 04:17 PM IST

    Women emerge as key homebuyers after COVID-19; as many as 71% prefer to buy ready homes

    At least 66% of women respondent home seekers will buy within affordable and mid-segment housing

  • Shapoorji Pallonji Real Estate and SBI sign MoU to offer faster home loan approvals to homebuyers Feb 25, 2021 03:43 PM IST

    Shapoorji Pallonji Real Estate and SBI sign MoU to offer faster home loan approvals to homebuyers

    The new tie-up will cover Shapoorji Pallonji Real Estate's existing housing projects across key markets.

  • Jaypee homebuyers say NBCC remains committed to the resolution plan Feb 23, 2021 08:21 PM IST

    Jaypee homebuyers say NBCC remains committed to the resolution plan

    Buyers say the Supreme Court order on the Jaypee matter is awaited; construction may begin within four to five months after the order is received.

  • COVID-19 impact | 62% homebuyers consider buying a house during pandemic as incentives rise Feb 17, 2021 04:37 PM IST

    COVID-19 impact | 62% homebuyers consider buying a house during pandemic as incentives rise

    As many as 43 percent homebuyers now prefer buying property in peripheral areas; millennial buyers up 31 percent; there is increased demand for bigger homes across all configurations post-COVID, says the CII-Anarock COVID-19 Sentiment Survey.

  • NCLT Delhi rejects resolution plan submitted for housing project in Yamuna Expressway Feb 11, 2021 02:11 PM IST

    NCLT Delhi rejects resolution plan submitted for housing project in Yamuna Expressway

    Resolution plan seems to be “totally inequitable, unjust and highly objectionable”, rules NCLT and directs liquidation of Lotus City project promoted by Three C Company

  • NCDRC blasts Parsvnath Developers for failing to refund money to homebuyers, seeks jail term for officials Feb 08, 2021 05:15 PM IST

    NCDRC blasts Parsvnath Developers for failing to refund money to homebuyers, seeks jail term for officials

    Orders three years imprisonment for its managing director and directors of the company

  • Amrapali’s 52 units completed by NBCC in Noida and Greater Noida up for sale Feb 08, 2021 01:26 PM IST

    Amrapali’s 52 units completed by NBCC in Noida and Greater Noida up for sale

    The residential units include five villas and 27 penthouses and six commercial properties with prices ranging from around Rs 64 lakh to Rs 2.04 crore; applications open until March 10

  • Explained | What are property swap schemes, how do they work and other questions answered Jan 28, 2021 02:42 PM IST

    Explained | What are property swap schemes, how do they work and other questions answered

    While these offers are being touted as a ‘win-win’ option for both the developers and the homebuyers, customers must exercise caution and read the fine print carefully. After all, one does not want history to repeat itself.

  • Budget 2021: Govt must consider allowing input tax credit to commercial projects built to lease against rental income Jan 25, 2021 02:43 PM IST

    Budget 2021: Govt must consider allowing input tax credit to commercial projects built to lease against rental income

    This could attract more real estate developers to construct Grade A build to lease projects and also rationalise rents, giving a boost to commercial real estate market

  • Minimum 100 homebuyers must to file insolvency application against defaulting real estate developer: SC Jan 19, 2021 08:45 PM IST

    Minimum 100 homebuyers must to file insolvency application against defaulting real estate developer: SC

    The Supreme Court upheld the validity of IBC Act 2020, saying sections 3 and 10 of the Act do not violate the right to equality under Article 14 of the Constitution. However, homebuyers say decision is a big blow as it will now be difficult to initiate IBC proceedings against builders.

  • SC to real estate developers: Cannot compel homebuyers to be bound by one-sided agreements Jan 12, 2021 06:44 PM IST

    SC to real estate developers: Cannot compel homebuyers to be bound by one-sided agreements

    Supreme Court also holds that incorporation of unreasonable clauses in the agreement constitutes an unfair trade practice under the Consumer Protection Act; clarifies that buyers have the right to choose one remedy in case “two concurrent remedies” are available

  • Budget 2021 wishlist: What homebuyers want from FM Nirmala Sitharaman Jan 11, 2021 12:23 PM IST

    Budget 2021 wishlist: What homebuyers want from FM Nirmala Sitharaman

    From special deductions for EMI or rent to reimbursement by developers for project delays -- a list of what homebuyers seek from FM Sitharaman in Budget 2021

  • Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us? Jan 01, 2021 02:26 PM IST

    Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us?

    If the economy starts moving towards a positive growth trajectory and the employment scenario improves substantially, residential demand will have sustainable growth from mid-2021. Mid and affordable housing, which is the major proportion of the demand, is likely to revive first

  • Explained | Will COVID-19 vaccine be the booster shot that real estate sector needs? Dec 10, 2020 10:15 AM IST

    Explained | Will COVID-19 vaccine be the booster shot that real estate sector needs?

    Real experts say it may take 12-18 months for the market to bounce back. The first segment to see an uptick will likely be the rental market after offices reopen and people return from their hometowns.

  • Delhi HC issues notice to RBI, Supertech for not paying instalments under subvention scheme Nov 26, 2020 06:39 PM IST

    Delhi HC issues notice to RBI, Supertech for not paying instalments under subvention scheme

    Over 200 homebuyers had filed separate writ petitions claiming that they are “completely helpless and aggrieved by the acts” of the builder and the banks and  have been deprived of their basic fundamental rights guaranteed under Article 19 and 21 of the Indian Constitution

  • States should lower stamp duty to make housing affordable to all, says NHB study Nov 23, 2020 02:17 PM IST

    States should lower stamp duty to make housing affordable to all, says NHB study

    Capping of stamp duty and registration charges on mortgages may also increase revenue for states through their effect on demand, says the study

  • Seeking compensation for delays in getting possession of house? MahaRERA has some new rules Nov 20, 2020 01:49 PM IST

    Seeking compensation for delays in getting possession of house? MahaRERA has some new rules

    The case was filed by two buyers who had purchased a unit in the project called Runwal Greens by Propel Developers Pvt Ltd, situated at Mulund, Mumbai, through a registered agreement

  • New home sales surge in last couple of months, says Crisil Nov 19, 2020 05:42 PM IST

    New home sales surge in last couple of months, says Crisil

    The spurt rides on supportive measures like stamp-duty cuts undertaken by various state governments, Crisil said in a report.

  • Diwali sparkle for realty sector: Govt announces tax relief on sale of housing units during COVID-19 for homebuyers, builders Nov 12, 2020 04:41 PM IST

    Diwali sparkle for realty sector: Govt announces tax relief on sale of housing units during COVID-19 for homebuyers, builders

    An additional outlay of Rs 18,000 crore for the Pradhan Mantri Awaas Yojana Urban has also been announced.

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