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  • Unitech homebuyers propose IL&FS/Satyam-like resolution framework to complete pending projects Jul 10, 2019 06:39 PM IST

    Unitech homebuyers propose IL&FS/Satyam-like resolution framework to complete pending projects

    The homebuyers’ proposal also calls for ring fencing the project against any old legal liabilities. It has been proposed that to make the projects viable for participation from new private sector developers RERA and other delay liabilities for default of the builder to the buyers be extinguished and timelines for delivery be reset.

  • Refund homebuyers for delays with interest equal to home loan rate within four weeks: NCDRC Jul 08, 2019 01:54 PM IST

    Refund homebuyers for delays with interest equal to home loan rate within four weeks: NCDRC

    The builder should also pay the compensation and litigation cost to the homebuyers who had sought refund of the amount, rules the apex commission

  • Economic Survey 2019: Legal battle fought by buyers against builders matter of concern for real estate sector Jul 04, 2019 04:32 PM IST

    Economic Survey 2019: Legal battle fought by buyers against builders matter of concern for real estate sector

    RERA notified in 30 states and union territories so far; 28 have set up regulatory authorities, the Survey noted.

  • RERA a ‘paper tiger’ due to lack of enforcement of orders, allege homebuyers Jul 04, 2019 12:21 PM IST

    RERA a ‘paper tiger’ due to lack of enforcement of orders, allege homebuyers

    Homebuyers have asked the ministry to convene regular interactions between state governments, regulatory authorities and central advisory council members for “timely, effective and coordinated implementation of RERA”

  • Jaypee Infra case | Completing infra and handing it over to allottees only way to keep a firm going: NCLAT Jul 03, 2019 08:59 PM IST

    Jaypee Infra case | Completing infra and handing it over to allottees only way to keep a firm going: NCLAT

    NCLAT has directed that representatives of banks, buyers and other stakeholders of the embattled firm appear before it on July 17 to consider how the NBCC bid could be 'recast' in a manner that is beneficial to all.

  • Jaypee Infratech case: Banks have failed the resolution process, claims homebuyer Jul 03, 2019 02:59 PM IST

    Jaypee Infratech case: Banks have failed the resolution process, claims homebuyer

    Next week, Supreme Court will be hearing homebuyers plea seeking not to send Jaypee Infratech Ltd into liquidation.

  • Jaypee Infratech case: NCLAT directs officials of banks and NBCC to negotiate resolution plan Jul 02, 2019 02:02 PM IST

    Jaypee Infratech case: NCLAT directs officials of banks and NBCC to negotiate resolution plan

    NCLAT also questioned banks on backdoor negotiations with Adani Group.

  • More choices for smaller apartments in Gurugram soon Jul 01, 2019 03:01 PM IST

    More choices for smaller apartments in Gurugram soon

    Proposed changes in area norms to address the issue of affordability and bring in much-needed liquidity into the real estate market.

  • DDA Housing Scheme 2019 draw likely in second week of July Jun 28, 2019 04:55 PM IST

    DDA Housing Scheme 2019 draw likely in second week of July

    DDA Housing Scheme 2019 was launched on March 25 and was to end on May 10, 2019. However, it was later extended by a month.

  • Common online platform for RERA is fine but what the Act needs is teeth Jun 27, 2019 09:15 AM IST

    Common online platform for RERA is fine but what the Act needs is teeth

    All the good work done by RERA goes down the drain if justice is delayed and not delivered.

  • UPRERA fines developer Rs 1 crore for violating its order Jun 25, 2019 12:55 PM IST

    UPRERA fines developer Rs 1 crore for violating its order

    Ansal API given 30 days to pay up the fine. No plans to de-register the developer at this stage

  • 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.

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