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  • Jaypee Infratech row: Homebuyers seek government's intervention Jun 24, 2019 01:15 PM IST

    Jaypee Infratech row: Homebuyers seek government's intervention

    In a letter addressed to PM Modi and FM Nirmala Sitharaman, homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan.

  • Budget 2019: Homebuyers want Rs 10,000-cr 'stress fund' for completion of stalled projects Jun 24, 2019 12:22 PM IST

    Budget 2019: Homebuyers want Rs 10,000-cr 'stress fund' for completion of stalled projects

    In its Budget recommendation to the FM, Forum For People's Collective Efforts also demanded that homebuyers should be categorised as primary secured creditors.

  • Homebuyers cannot wait forever to get input tax credit: NAA Jun 18, 2019 08:46 AM IST

    Homebuyers cannot wait forever to get input tax credit: NAA

    The National Anti-Profiteering Authority has directed the builder to pass on the benefit of the profiteered amount to the applicant, buyers and the land owner along with interest at 18 percent.

  • Budget wishlist: Real estate sector pitches for increased bank funding, reintroduction of ITC in GST Jun 17, 2019 05:55 PM IST

    Budget wishlist: Real estate sector pitches for increased bank funding, reintroduction of ITC in GST

    There needs to be more direct benefits for buyers by way of reduction in income tax slabs, higher relief on housing loan rates, and an increase in the deduction limit under Section 80C from the current Rs 1.5 lakh a year, said experts.

  • UP CM meets homebuyers, real estate developers; discusses delayed housing projects Jun 14, 2019 11:20 PM IST

    UP CM meets homebuyers, real estate developers; discusses delayed housing projects

    Homebuyers’ demanded an assurance from the chief minister that incomplete homes are delivered and that his government implement the recommendations made by a high-level committee of UP state and central government.

  • Builders must pass on the GST benefit to homebuyers: Experts Jun 11, 2019 12:46 PM IST

    Builders must pass on the GST benefit to homebuyers: Experts

    Recent rulings by National Anti-Profiteering Agency have made it clear that citing practical difficulties for inability in passing on the profits is not acceptable to authorities. Profit, if accrued, needs to be passed on

  • 50 peripheral cities witness home loan growth ranging from 15 to 36% Jun 10, 2019 04:03 PM IST

    50 peripheral cities witness home loan growth ranging from 15 to 36%

    Improved connectivity and infrastructure, flexible talent pool and cheaper land availability have led to the growth of the home loan market in tier-II and tier-III cities, the report said.

  • Jaypee Infratech lenders free to vote for or against NBCC bid: NCLAT Jun 10, 2019 02:00 PM IST

    Jaypee Infratech lenders free to vote for or against NBCC bid: NCLAT

    NCLAT also directs the committee of creditors not to finalise rejection of the NBCC bid without the court's consent.

  • RBI rate cut expected to improve homebuyers' affordability, stimulate housing demand Jun 06, 2019 04:23 PM IST

    RBI rate cut expected to improve homebuyers' affordability, stimulate housing demand

    Real gains for the rate cut can only be realised if banks pass on the benefits to borrowers. The apex bank will need to ensure that this actually happens at the ground leve, feel experts.

  • Consumer commission orders Shubhkamna Buildwell to refund homebuyers   Jun 04, 2019 05:03 PM IST

    Consumer commission orders Shubhkamna Buildwell to refund homebuyers  

    Shubhkamna Buildwell & Estates Pvt. Ltd had launched the housing project for retired and serving government employees in 2014 and promised to deliver over 800 flats within three years.

  • Only 10 percent homebuyers wait for possession if project gets delayed: Poll Jun 04, 2019 02:46 PM IST

    Only 10 percent homebuyers wait for possession if project gets delayed: Poll

    The poll by Magicbricks revealed that 72 percent homebuyers would like to file a RERA complaint in case of delay in possession while 19 percent would opt for a refund.

  • Now, real estate developers file cases against homebuyers in UPRERA Jun 04, 2019 12:56 PM IST

    Now, real estate developers file cases against homebuyers in UPRERA

    While some realtors have moved against homebuyers for non-payment of dues, others have filed complaints against authorities for not issuing completion certificates on time.

  • Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan May 31, 2019 07:37 PM IST

    Jaypee Infratech case: Voting on NBCC bid underway; IDBI moves NCLAT to vote against plan

    The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.

  • Jaypee Infratech case: NBCC bid to be put to vote for 10 days May 30, 2019 03:34 PM IST

    Jaypee Infratech case: NBCC bid to be put to vote for 10 days

    The voting will be held from May 31 to June 10, sources said.

  • Unity is strength – Homebuyers can work together to achieve common goals May 30, 2019 12:55 PM IST

    Unity is strength – Homebuyers can work together to achieve common goals

    Homebuyers' groups help gain insights into how others have achieved success. It is a platform buyers can approach for resources and support to fight their battle.

  • Effective certification of escrow accounts key to ensuring non-diversion of funds: ICRA May 29, 2019 05:54 PM IST

    Effective certification of escrow accounts key to ensuring non-diversion of funds: ICRA

    At present, RERA allows any engineer, architect and chartered accountant in practice to provide the required certifications. This exposes the process to some amount of stakeholder influence

  • Jaypee Infratech lenders hold negotiations over NBCC bid May 27, 2019 09:24 PM IST

    Jaypee Infratech lenders hold negotiations over NBCC bid

    The 12th committee of creditors meeting to take place on May 30, post which the resolution plan may be put to vote on May 31, sources said

  • Jaypee Infratech lenders to hold negotiations over NBCC bid today May 24, 2019 09:34 PM IST

    Jaypee Infratech lenders to hold negotiations over NBCC bid today

    The 12th committee of creditors meeting expected to take place on May 30, post which the resolution plan may be put to vote on May 31.

  • UP RERA deregisters first project in Noida; six more promoters under scrutiny May 24, 2019 07:53 PM IST

    UP RERA deregisters first project in Noida; six more promoters under scrutiny

    UP RERA decided to deregister the project after it found serious financial irregularities and cases of double allotment.

  • Amidst a sea of pessimism, NBCC offers home buyers some solace May 22, 2019 09:37 AM IST

    Amidst a sea of pessimism, NBCC offers home buyers some solace

    The reason why hassled home buyers seem to have complete faith in the company is because it is a government enterprise

  • NCLAT annuls e-voting on NBCC's resolution plan May 17, 2019 02:28 PM IST

    NCLAT annuls e-voting on NBCC's resolution plan

    Directs lenders to conduct fresh voting from May 31.

  • ‘Inordinate delay’ in real estate projects means delay by over a year of delivery date: NCDRC May 17, 2019 01:09 PM IST

    ‘Inordinate delay’ in real estate projects means delay by over a year of delivery date: NCDRC

    NCDRC has held that buyers can seek refund even if RERA has taken over the project.

  • Jaypee Infratech case: E-voting on NBCC's resolution plan underway May 16, 2019 06:19 PM IST

    Jaypee Infratech case: E-voting on NBCC's resolution plan underway

    The e-voting started at 12 pm and will end on May 19 at 8 pm, sources said, adding the results will be declared on May 20.

  • Builders diverting funds from escrow account, Noida buyers allege May 16, 2019 08:34 AM IST

    Builders diverting funds from escrow account, Noida buyers allege

    The UP RERA authority promises to look into the matter.

  • Jaypee Infratech lenders finally decide to put NBCC's revised resolution plan to vote May 14, 2019 10:21 PM IST

    Jaypee Infratech lenders finally decide to put NBCC's revised resolution plan to vote

    The voting process would start on Thursday at 9 am and end on Sunday at 5 pm

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