Jan 15, 2018 12:50 PM IST
Coverage of PMAY enhanced to include properties in rural areas, industrial belts and rural pockets within SEZs
- Dec 28, 2017 02:54 PM IST
The sector went through phases of both uncertainty and hope as both developers and homebuyers struggled to come to terms with a slew of regulatory reforms.
- Oct 23, 2017 12:02 PM IST
if you are planning to buy property now, buy only for self use. This is not an investors’ market and appreciation in property prices is unlikely for the next two years
- Oct 13, 2017 03:15 PM IST
The Insolvency and Bankruptcy Board of India (IBBI) has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interests of all stakeholders
- Oct 09, 2017 02:28 PM IST
JAL had requested for an urgent hearing on October 13 for an extension of the 45-day period (that ends of October 27) for depositing Rs 2000 crore but the Supreme Court disallowed it.
- Sep 20, 2017 08:39 PM IST
The homebuyers' petition states that buyers be treated at par with financial creditors
- Sep 19, 2017 05:59 PM IST
Homebuyers in Karnataka have filed a writ petition in the high court challenging the “explanation” attached to 'ongoing projects' rule in the Karnataka Real Estate (Regulation and Development) Rules 2017.
- Sep 19, 2017 12:54 PM IST
The supporting documents for proof that homebuyers are required to attach with the claim form include documents such as allotment letter, receipts, sale deed, agreement of Sale, bank statements, etc
- Sep 15, 2017 07:26 PM IST
The government is studying the Insolvency and Bankruptcy Code on a “comprehensive basis” to amend the law to provide relief to thousands of homebuyers stuck in projects where builders are claiming insolvency.
- Sep 11, 2017 02:12 PM IST
The next hearing is set for November 13. Meanwhile, the SC has restrained the former CEO and Managing Director Manoj Gaur of Jaypee Infratech from leaving the country.
- Aug 22, 2017 08:54 PM IST
With 50 hours left to file their claims, 40,000 home buyers stuck in incomplete projects floated by Jaypee Infratech, against which the NCLT recently started insolvency proceedings, have three options before them.
- Aug 08, 2017 11:55 AM IST
While there is no specific provision under RERA that allows states to extend the time period for registration for three months, most of them are doing so by interpreting the penalty clause
- Aug 02, 2017 04:50 PM IST
Real estate and banking experts anticipate the home loan interest rate to hover around 8 percent once the banks decide to pass on the benefit to consumers.
- Jul 18, 2017 05:27 PM IST
Over the medium term, developers may be encouraged to pass on the cost benefits to customers to comply with the anti-profiteering clause introduced in the Central Goods and Services Tax of 2017
- Jul 18, 2017 12:34 PM IST
The decision to sell property must depend on your financial requirements and the price you are getting
- Jul 11, 2017 12:10 PM IST
Homebuyers wanting to purchase a house immediately should go in for projects that have received an occupation certificate or one that is expected to get permission soon.
- Jun 28, 2017 06:27 PM IST
Homebuyers may even decide to wait for real estate projects to get completed to avoid paying GST altogether
- Jun 27, 2017 04:59 PM IST
Real estate developers may pass on differential input tax credit benefit to homebuyers invested in the same project depending on the amount that may be due from them to the builder on July 1, say real estate experts.
- Jun 09, 2017 01:35 PM IST
Properties bought in e-auctions are sold at an ‘as is where is’ basis and are mostly offered at a discount of 10-15% to market price, because of the problems associated with non-performing assets (NPA).
- Jun 07, 2017 02:29 PM IST
Finding it hard to purchase a house that suits your budget? A ‘half more’ apartment could be the solution for you.
- May 26, 2017 04:25 PM IST
The new GST rate may increase prices of premium units due to high land costs, but the amount of benefit that a buyer may get will depend on the demand-supply situation and competition in a micro market
- May 26, 2017 11:09 AM IST
The Real Estate (regulation and development), Act, 2016 (RERA) for the first time clearly defines that parking will be part of the common area
- May 08, 2017 11:19 AM IST
The builder is also bound by law to return the money collected from buyers within 45 days, after deducting the booking amount
- May 05, 2017 11:43 AM IST
Financial sector experts believe lenders would gain extra comfort in extending loans to homebuyers under the new real estate law, which came into force from May 1.
- Apr 20, 2017 12:37 PM IST
In a letter sent to the Prime Minister recently, Fight for RERA, a pan India homebuyers forum, said that “a committee be formed to come up with a Satyam Computer-like solution to provide reprieve to homebuyers whose life-time savings are stuck in unfinished projects. Time is of the essence and any delay would leave homebuyers in a lurch permanently since there will be nothing left in the companies to complete the projects.”