Jul 10, 2019 06:39 PM IST
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.
- Jul 08, 2019 01:54 PM IST
The builder should also pay the compensation and litigation cost to the homebuyers who had sought refund of the amount, rules the apex commission
- Jul 04, 2019 04:32 PM IST
RERA notified in 30 states and union territories so far; 28 have set up regulatory authorities, the Survey noted.
- Jul 04, 2019 12:21 PM IST
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”
- Jul 03, 2019 08:59 PM IST
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.
- Jul 03, 2019 02:59 PM IST
Next week, Supreme Court will be hearing homebuyers plea seeking not to send Jaypee Infratech Ltd into liquidation.
- Jul 02, 2019 02:02 PM IST
NCLAT also questioned banks on backdoor negotiations with Adani Group.
- Jul 01, 2019 03:01 PM IST
Proposed changes in area norms to address the issue of affordability and bring in much-needed liquidity into the real estate market.
- Jun 28, 2019 04:55 PM IST
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.
- Jun 27, 2019 09:15 AM IST
All the good work done by RERA goes down the drain if justice is delayed and not delivered.
- Jun 25, 2019 12:55 PM IST
Ansal API given 30 days to pay up the fine. No plans to de-register the developer at this stage
- Jun 24, 2019 01:15 PM IST
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.
- Jun 24, 2019 12:22 PM IST
In its Budget recommendation to the FM, Forum For People's Collective Efforts also demanded that homebuyers should be categorised as primary secured creditors.
- Jun 18, 2019 08:46 AM IST
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.
- Jun 17, 2019 05:55 PM IST
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.
- Jun 14, 2019 11:20 PM IST
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.
- Jun 11, 2019 12:46 PM IST
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
- Jun 10, 2019 04:03 PM IST
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.
- Jun 10, 2019 02:00 PM IST
NCLAT also directs the committee of creditors not to finalise rejection of the NBCC bid without the court's consent.
- Jun 06, 2019 04:23 PM IST
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.
- Jun 04, 2019 05:03 PM IST
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.
- Jun 04, 2019 02:46 PM IST
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.
- Jun 04, 2019 12:56 PM IST
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.
- May 31, 2019 07:37 PM IST
The voting on the NBCC bid began at noon on May 31 and is expected to continue for ten days until June 10.
- May 30, 2019 03:34 PM IST
The voting will be held from May 31 to June 10, sources said.