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  • Amrapali case | SC asks banks to relax funding criteria for stalled Amrapali projects Aug 02, 2021 09:27 PM IST

    Amrapali case | SC asks banks to relax funding criteria for stalled Amrapali projects

    Asks banks to hold a joint meeting with the court receiver by August  8 to arrive at a consensus on funding

  • Residential realty consumer outlook cautiously optimistic for next six months; Proximity to healthcare to drive demand Jul 28, 2021 07:31 PM IST

    Residential realty consumer outlook cautiously optimistic for next six months; Proximity to healthcare to drive demand

    Discounts and flexi payment schemes induce homebuyers to purchase property, the survey said

  • 76% homebuyers aware of RERA; only 22% satisfied with consumer redressal mechanism: Survey Jul 28, 2021 06:08 PM IST

    76% homebuyers aware of RERA; only 22% satisfied with consumer redressal mechanism: Survey

    There is a lot of work to be done to streamline the understanding of the provisions of RERA, increase stakeholder confidence through greater transparency and improve the grievance redressal process as 30 percent of consumers surveyed were still unaware of RERA’s role as a regulator, the survey shows.

  • Homebuyers’ body wants RERA to be ‘expeditiously’ implemented in West Bengal Jul 20, 2021 08:11 PM IST

    Homebuyers’ body wants RERA to be ‘expeditiously’ implemented in West Bengal

    It said that despite more than two months, RERA has not been implemented in the state and is causing immense hardship to homebuyers.

  • Homebuyer conversion rate in some cities impacted due to weekend lockdown Jul 10, 2021 02:45 PM IST

    Homebuyer conversion rate in some cities impacted due to weekend lockdown

    Ahmedabad, Chennai, Mumbai and Pune, all saw conversion rate fall by half during the lockdown imposed following the second wave of the pandemic

  • Only 10% of ongoing projects completed in Karnataka in the last five years: Homebuyers’ body Jul 09, 2021 09:48 PM IST

    Only 10% of ongoing projects completed in Karnataka in the last five years: Homebuyers’ body

    Failures of Karnataka RERA outweigh benefits derived from it, FPCE says in a letter to the state government

  • Tamil Nadu RERA awards Rs 67 lakh as compensation to 20 homebuyers invested with Sahara project in Coimbatore Jul 02, 2021 06:08 PM IST

    Tamil Nadu RERA awards Rs 67 lakh as compensation to 20 homebuyers invested with Sahara project in Coimbatore

    The Authority ruled that the buyers who had sought refund of the amount invested by them along with interest and compensation were entitled to an interest of 10.7 percent per annum.

  • Supreme Court refuses to hand over Amrapali’s Le Residentia project to NBCC Jun 29, 2021 10:39 PM IST

    Supreme Court refuses to hand over Amrapali’s Le Residentia project to NBCC

    The court refuses to recall two orders passed in 2019; directs existing builder to complete the project.

  • Jaypee Infratech case: This is what Suraksha Group brings to the table and more Jun 25, 2021 09:14 PM IST

    Jaypee Infratech case: This is what Suraksha Group brings to the table and more

    Suraksha Group inherits close to around 6,000 acres from Jaypee Infratech of which it would be left with 800 acres after paying off institutional financial creditors

  • Jaypee Infratech case: Homebuyers hope to see projects completed; Say voting for resolution plans was like India-Pak cricket match Jun 24, 2021 11:02 AM IST

    Jaypee Infratech case: Homebuyers hope to see projects completed; Say voting for resolution plans was like India-Pak cricket match

    In close fight, Suraksha Group received 98.66 percent votes compared with NBCC’s 98.54 percent on resolution plans to take over Jaypee Infratech

  • Suraksha Group gets approval from lenders and homebuyers to take over Jaypee Infratech Jun 23, 2021 07:05 PM IST

    Suraksha Group gets approval from lenders and homebuyers to take over Jaypee Infratech

    Suraksha Group won the bid by a slight margin; the bid by Suraksha Group received 98.66% votes and the one by NBCC got 98.54% votes

  • 80% of homebuyers will purchase house if stamp duty charges are cut: Poll Jun 21, 2021 02:10 PM IST

    80% of homebuyers will purchase house if stamp duty charges are cut: Poll

    Property registration and stamp duty charges range between 5 percent and 9 percent on an average across the country.

  • COVID-19 impact on housing launches: Peripheral areas overtake city centres with 58% new supply in FY21 Jun 17, 2021 10:28 AM IST

    COVID-19 impact on housing launches: Peripheral areas overtake city centres with 58% new supply in FY21

    Of around 1.49 lakh units launched in top 7 cities in FY21, 58% were in the city peripheries; in pre-COVID-19 FY19, their share was 51%

  • Jaypee Infratech case: Lenders to put to vote revised bids of NBCC, Suraksha Group from June 14 to 23 Jun 10, 2021 07:10 PM IST

    Jaypee Infratech case: Lenders to put to vote revised bids of NBCC, Suraksha Group from June 14 to 23

    The decision to put the two resolution plans to vote was taken at a meeting of Committee of Creditors (CoC) held on June 10. This will be the fifth round of bidding process

  • Seeking indiscriminate extension of project timelines from RERA is not the builders’ birthright: homebuyers' body Jun 08, 2021 04:16 PM IST

    Seeking indiscriminate extension of project timelines from RERA is not the builders’ birthright: homebuyers' body

    Not even 10% projects that were ongoing in 2016 when RERA was enacted have been completed and few refund orders issued by Authorities have been executed, they said

  • Jaypee Infratech case: Revised bids submitted by NBCC and Suraksha Group discussed at 23rd CoC meeting; Next CoC on June 10 Jun 07, 2021 01:11 PM IST

    Jaypee Infratech case: Revised bids submitted by NBCC and Suraksha Group discussed at 23rd CoC meeting; Next CoC on June 10

    IRP confirms that Suraksha Group submitted its bid just before the commencement of the CoC meeting on June 7.

  • Jaypee Infratech case | NBCC submits revised bid, Suraksha Group seeks seven days' extension, say sources Jun 04, 2021 08:14 PM IST

    Jaypee Infratech case | NBCC submits revised bid, Suraksha Group seeks seven days' extension, say sources

    The two plans would be discussed at the 23rd committee of creditors (CoC) meeting to be held on June 7

  • Jaypee Infratech Case | Suraksha Plan Gets Compliance Stamp By IRP; NBCC bid rejected May 20, 2021 09:32 PM IST

    Jaypee Infratech Case | Suraksha Plan Gets Compliance Stamp By IRP; NBCC bid rejected

    According to sources, the Committee of Creditors (CoC) is expected to put the Suraksha plan to vote next week.

  • SWAMIH Fund to deliver over 12,600 housing units spread across 26 projects within the next one year May 13, 2021 08:26 PM IST

    SWAMIH Fund to deliver over 12,600 housing units spread across 26 projects within the next one year

    Of the 26 housing projects, nine are located in Mumbai, seven in Delhi-NCR and the rest are spread across other Tier 1 and Tier 2 cities

  • SWAMIH Fund for stuck housing projects to benefit 1.16 lakh homebuyers: FM May 13, 2021 08:06 PM IST

    SWAMIH Fund for stuck housing projects to benefit 1.16 lakh homebuyers: FM

    Rivali Park Wintergreens is the first investment by the Swamih Fund and is also the first project to get completed. It is a large project spread over 7 acres consisting of 708 units of various configurations

  • Jaypee insolvency: Revised bids by NBCC and Suraksha Group to be discussed at CoC meeting on May 15 May 12, 2021 07:28 PM IST

    Jaypee insolvency: Revised bids by NBCC and Suraksha Group to be discussed at CoC meeting on May 15

    NBCC is offering up to 1,903 acres of land while Surakasha group has proposed over 2,600 acres to the lenders. Suraksha group has earmarked 1,486 acres to dissenting lenders out of the total land parcels offered in the proposal

  • 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.

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