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  • 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.

  • 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

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