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  • Budget 2021 wishlist: What homebuyers want from FM Nirmala Sitharaman Jan 11, 2021 12:23 PM IST

    Budget 2021 wishlist: What homebuyers want from FM Nirmala Sitharaman

    From special deductions for EMI or rent to reimbursement by developers for project delays -- a list of what homebuyers seek from FM Sitharaman in Budget 2021

  • Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us? Jan 01, 2021 02:26 PM IST

    Crystal ball gazing into 2021 - what can real estate sector look forward to? Is the worst behind us?

    If the economy starts moving towards a positive growth trajectory and the employment scenario improves substantially, residential demand will have sustainable growth from mid-2021. Mid and affordable housing, which is the major proportion of the demand, is likely to revive first

  • Explained | Will COVID-19 vaccine be the booster shot that real estate sector needs? Dec 10, 2020 10:15 AM IST

    Explained | Will COVID-19 vaccine be the booster shot that real estate sector needs?

    Real experts say it may take 12-18 months for the market to bounce back. The first segment to see an uptick will likely be the rental market after offices reopen and people return from their hometowns.

  • Delhi HC issues notice to RBI, Supertech for not paying instalments under subvention scheme Nov 26, 2020 06:39 PM IST

    Delhi HC issues notice to RBI, Supertech for not paying instalments under subvention scheme

    Over 200 homebuyers had filed separate writ petitions claiming that they are “completely helpless and aggrieved by the acts” of the builder and the banks and  have been deprived of their basic fundamental rights guaranteed under Article 19 and 21 of the Indian Constitution

  • States should lower stamp duty to make housing affordable to all, says NHB study Nov 23, 2020 02:17 PM IST

    States should lower stamp duty to make housing affordable to all, says NHB study

    Capping of stamp duty and registration charges on mortgages may also increase revenue for states through their effect on demand, says the study

  • Seeking compensation for delays in getting possession of house? MahaRERA has some new rules Nov 20, 2020 01:49 PM IST

    Seeking compensation for delays in getting possession of house? MahaRERA has some new rules

    The case was filed by two buyers who had purchased a unit in the project called Runwal Greens by Propel Developers Pvt Ltd, situated at Mulund, Mumbai, through a registered agreement

  • New home sales surge in last couple of months, says Crisil Nov 19, 2020 05:42 PM IST

    New home sales surge in last couple of months, says Crisil

    The spurt rides on supportive measures like stamp-duty cuts undertaken by various state governments, Crisil said in a report.

  • Diwali sparkle for realty sector: Govt announces tax relief on sale of housing units during COVID-19 for homebuyers, builders Nov 12, 2020 04:41 PM IST

    Diwali sparkle for realty sector: Govt announces tax relief on sale of housing units during COVID-19 for homebuyers, builders

    An additional outlay of Rs 18,000 crore for the Pradhan Mantri Awaas Yojana Urban has also been announced.

  • Big relief for homebuyers: SC says builder-buyer agreement must be considered as flat allotment date, not when project got RERA registered Nov 05, 2020 09:55 AM IST

    Big relief for homebuyers: SC says builder-buyer agreement must be considered as flat allotment date, not when project got RERA registered

    Homebuyers have welcomed the order saying that the apex court has restored the sanctity of the builder-buyer agreement and the developers' stand of linking the allotment or handover of flats with the date of RERA registration has been dispelled

  • Homebuyers can approach consumer courts for refund, compensation for delays despite RERA: SC Nov 03, 2020 11:41 AM IST

    Homebuyers can approach consumer courts for refund, compensation for delays despite RERA: SC

    Homebuyers have welcomed the order, saying that it is now legally validated that they cannot be forced to choose a forum as per the convenience of builders.

  • Amrapali case: NBCC gets Supreme Court nod for sale of unsold inventory to generate funds Oct 29, 2020 10:04 PM IST

    Amrapali case: NBCC gets Supreme Court nod for sale of unsold inventory to generate funds

    The receiver informs the apex court that the formalities for incorporation of a not-for-profit company under Section 8 of Companies Act, 2013 to receive funds from SWAMIH Fund has been finalised.

  • Consumer court directs Ansals to provide full refund to 90 buyers for not handing possession for over 12 years Oct 20, 2020 11:27 AM IST

    Consumer court directs Ansals to provide full refund to 90 buyers for not handing possession for over 12 years

    NCDRC rules that homebuyers cannot be made to wait indefinitely for possession of plots; Builder’s settlement with a few buyers is not enough when a class action suit is invoked, especially since huge amounts paid by thousands of buyers are at stake

  • Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues Oct 16, 2020 08:10 AM IST

    Real estate firms chase buyers with innovative schemes this festive season to beat COVID-19 blues

    Cash discounts, lower interest rates, free accessories, GST, stamp duty waivers, free maintenance and swap of your property, builders are leaving no stone unturned to attract homebuyers this season.

  • Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects Oct 13, 2020 10:36 PM IST

    Amrapali case: SC permits creation of SPV to enable funding from SBI Cap for completion of projects

    NBCC agrees to undertake sales and marketing mandate of unsold inventories and Floor Area Ratio (FAR) for Amrapali projects

  • Homes worth around Rs 88,730 crore sold in top-7 cities in January-September Oct 12, 2020 12:18 PM IST

    Homes worth around Rs 88,730 crore sold in top-7 cities in January-September

    Overall sales value in 2020 highest in MMR (Rs 49,313 crore) followed by Bengaluru (Rs 12,569 crore) and NCR (Rs 9,430 crore); Upcoming festive season to see more homebuyers back on the market, a report has said

  • 33 housing projects worth Rs 4,197 crore accorded final approval under SWAMIH Fund: Finance Minister Oct 08, 2020 06:51 PM IST

    33 housing projects worth Rs 4,197 crore accorded final approval under SWAMIH Fund: Finance Minister

    As many as 123 projects have been sanctioned, including final approval to 33 projects, with an investment of Rs 12,079 crore that would target to provide relief to 81,308 homeowners

  • Stuck with a housing unit and want a quick exit? Try swapping it with a completed property Oct 06, 2020 05:06 PM IST

    Stuck with a housing unit and want a quick exit? Try swapping it with a completed property

    But study the scheme documents thoroughly and pay special attention to the fine print. Make sure you don’t sign on any document that restricts your right as a consumer or waives any liabilities of the developer

  • Centre’s decision on IBC may impact homebuyers’ interests: Experts Sep 25, 2020 02:34 PM IST

    Centre’s decision on IBC may impact homebuyers’ interests: Experts

    The extension unlikely to impact ongoing cases. However, delivery of homes may get delayed and buyers may not be able to initiate corporate insolvency resolution process (CIRP) in case of fresh matters

  • COVID-19 impact: Digitisation key to quick turn-around of real estate sector Sep 24, 2020 03:29 PM IST

    COVID-19 impact: Digitisation key to quick turn-around of real estate sector

    Digital platforms will form a strong foundation for realty businesses in the future and upcoming technologies will create a seamless buying experience for homebuyers.

  • Housing sales, new launches hit by coronavirus, but festive season may brighten things up Sep 21, 2020 01:05 PM IST

    Housing sales, new launches hit by coronavirus, but festive season may brighten things up

    Also, with several physical and operational hurdles in place, the real estate sector is expected to witness large-scale adoption of digitisation

  • Regulatory challenges add to homebuyers' woes in COVID-19 times Sep 14, 2020 02:09 PM IST

    Regulatory challenges add to homebuyers' woes in COVID-19 times

    This is perhaps the worst crisis of their lives due to job losses and pay cuts for which no relief has so far been considered. It’s time steps are taken to restore their confidence

  • Mumbai’s real estate industry should introspect its Pepsi experiment Sep 13, 2020 11:10 AM IST

    Mumbai’s real estate industry should introspect its Pepsi experiment

    Pepsi may have made millions by putting fewer chips in a Lay’s bag but developers’ ploy to shrink apartment sizes won’t help them for long, as homebuyers will want value for their money.

  • HDFC disburses Rs 4,700 crore subsidy to over 2 lakh first-time homebuyers under PMAY scheme Sep 07, 2020 11:14 AM IST

    HDFC disburses Rs 4,700 crore subsidy to over 2 lakh first-time homebuyers under PMAY scheme

    The loans have been disbursed under the Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme

  • Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut Sep 04, 2020 10:49 AM IST

    Mumbai stamp duty collection down for August as homebuyers wait for stamp duty rate cut

    Mumbai stamp duty numbers are likely to go up during the festival season after pitru paksha ends

  • Exclusive: Around Rs 500 crore available for construction of stuck Amrapali projects, says NBCC; more funding expected Sep 03, 2020 06:06 PM IST

    Exclusive: Around Rs 500 crore available for construction of stuck Amrapali projects, says NBCC; more funding expected

    NBCC has to generate Rs 8,000 crore to complete all stalled Amrapali projects within three years. Around 50 percent of the amount is to be paid by homebuyers; part of the money is expected to come from unsold inventory and from the sale of Floor Area Ratio

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