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  • 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

  • Homebuyers cannot be kept in the dark, pre-litigation with landowners should be disclosed by the developer, says NCDRC Sep 02, 2020 10:32 AM IST

    Homebuyers cannot be kept in the dark, pre-litigation with landowners should be disclosed by the developer, says NCDRC

    Any unreasonable escalation of flat cost by the builder ‘unfair’, the consumer court said

  • NCDRC directs builder to pay Rs 47.65 lakh compensation to Mumbai homebuyer 25 years after he booked flat for Rs 8.2 lakh Aug 31, 2020 12:58 PM IST

    NCDRC directs builder to pay Rs 47.65 lakh compensation to Mumbai homebuyer 25 years after he booked flat for Rs 8.2 lakh

    Singhal and the builder sealed the deal for the flat in Sahyadri in 1995. When the builder failed to hand over the flat as promised, Singhal approached the Maharashtra State consumer Disputes Redressal Commission, and, later, the NCDRC. The national commission finally ordered a compensation almost six times the cost of the flat.

  • Will Maharashtra's 50% cut in stamp duty boost housing demand? Aug 27, 2020 03:09 PM IST

    Will Maharashtra's 50% cut in stamp duty boost housing demand?

    Experts say that while this temporary but strong inoculation into the dampened market sentiment will help revive sales, it may not be enough. Tax sops by the government and discounts by developers may do the trick

  • Covid-19 impact | Barter housing stock held by vendors and contractors being offloaded at 15-20% discount in Mumbai Aug 25, 2020 06:19 PM IST

    Covid-19 impact | Barter housing stock held by vendors and contractors being offloaded at 15-20% discount in Mumbai

    A flat in Worli, bought for Rs 9 crore nine months ago, is sold for Rs 6.8 crore. Barter housing stock refers to units given to contractors and vendors by builders in exchange for services rendered.

  • COVID-19 impact: Open spaces a must for most homebuyers Aug 25, 2020 02:59 PM IST

    COVID-19 impact: Open spaces a must for most homebuyers

    Buyers are opting for ready-to-move-in homes rather than those under construction as in the latter case, the projects could get delayed and miss delivery deadlines

  • Work on 14,000 Amrapali units in progress; handover of 160 units in September, says NBCC Aug 24, 2020 08:25 PM IST

    Work on 14,000 Amrapali units in progress; handover of 160 units in September, says NBCC

    Work on all projects are likely to be completed within 9 to 36 months. Completion depends on timely deposit by homebuyers and arrangement of funds from other sources, says NBCC CMD PK Gupta.

  • COVID-19 impact: Demand for low-rise apartments, plots increase in Tier 2 cities Aug 24, 2020 02:54 PM IST

    COVID-19 impact: Demand for low-rise apartments, plots increase in Tier 2 cities

    A few developers are targeting homebuyers who belong to these Tier 2 cities and are offering low rise condominiums and affordable plots.

  • 101 stressed housing projects receive Rs 10,300 crore sanction under SWAMIH scheme Aug 21, 2020 06:41 PM IST

    101 stressed housing projects receive Rs 10,300 crore sanction under SWAMIH scheme

    The fund will enable completion of 71,559 dwelling units across various parts of the country, the finance ministry said

  • SBICAP-managed stressed fund approves 20 new proposals, clears investment worth Rs 1300 crore Aug 20, 2020 12:25 PM IST

    SBICAP-managed stressed fund approves 20 new proposals, clears investment worth Rs 1300 crore

    This takes the total number of proposals approved for the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I) to 101 and the total investments to over Rs 10,000 crore

  • Amrapali case: SC clarifies rate of interest to be charged by Noida, Greater Noida authorities Aug 19, 2020 09:02 PM IST

    Amrapali case: SC clarifies rate of interest to be charged by Noida, Greater Noida authorities

    The two authorities generally charge interest at the rate of 11 percent from developers, who pay for housing land in installments.

  • UP RERA identifies 25 erring developers; plans to auction their unsold properties to recover Rs 500 crore Aug 17, 2020 01:55 PM IST

    UP RERA identifies 25 erring developers; plans to auction their unsold properties to recover Rs 500 crore

    The real estate authority has also looked into projects where the date of completion has lapsed and the developers have not uploaded their completion certificates or the occupancy certificates on the UPRERA website.

  • Timeline extension of real estate projects under RERA: All you need to know Aug 14, 2020 12:20 PM IST

    Timeline extension of real estate projects under RERA: All you need to know

    Considering that homebuyers do not benefit much from it, it is advisable for them to request developers for revision of their agreements and sale deeds

  • Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects Aug 13, 2020 07:25 PM IST

    Amrapali case: SBICAP seeks more time to finalise proposal for financing stuck projects

    The SC lashes out at the Centre for not releasing funds from SBICAP stress asset fund, warns that if the proposal is not finalised within a week, it will pass orders for financing the projects independently.

  • All about RBI’s prescription to combat COVID-19 stress Aug 13, 2020 11:29 AM IST

    All about RBI’s prescription to combat COVID-19 stress

    The apex bank’s recent announcements address the need to restructure personal loans but do not go as far as to address the whole body of home loans which would’ve provided much needed relief to the homebuyers

  • Jaypee housing units registration restarts, to be ramped up in 2-3 weeks: IRP Aug 11, 2020 05:54 PM IST

    Jaypee housing units registration restarts, to be ramped up in 2-3 weeks: IRP

    Homebuyers say that they have waited far too long and want their homes to be registered at the earliest

  • Now get COVID-19 medical insurance cover along with new house booking Aug 06, 2020 04:52 PM IST

    Now get COVID-19 medical insurance cover along with new house booking

    The medical insurance scheme is valid for three years and the premium amount would be paid by the developer upfront.

  • Jaypee Case: SC transfers all pending appeals in NCLAT to itself, next date August 31 Aug 06, 2020 12:52 PM IST

    Jaypee Case: SC transfers all pending appeals in NCLAT to itself, next date August 31

    IRP Anuj Jain has been directed to continue managing the affairs of the embattled firm

  • COVID-19 impact: Demand for senior living facilities on the rise Aug 06, 2020 12:19 PM IST

    COVID-19 impact: Demand for senior living facilities on the rise

    Financial experts are of the opinion that this is an evolving asset class and should be bought closer to the year of retirement

  • COVID-19 impact: One in four buyers likely to move house in the next 12 months, says Knight Frank Global Buyer Survey Aug 05, 2020 04:54 PM IST

    COVID-19 impact: One in four buyers likely to move house in the next 12 months, says Knight Frank Global Buyer Survey

    Home offices have become important, with 64 percent of the respondents saying they are more likely to work from home post-lockdown

  • Extension of COVID-19 loan moratorium - know the implications Aug 05, 2020 12:24 PM IST

    Extension of COVID-19 loan moratorium - know the implications

    Borrowers who want to consider restructuring their loans with their respective banks will need to check the fine print. It is important to establish the exact amount of their monthly EMIs once the moratorium period ends

  • Better late than never: Unitech customers finally have reasons to dream about their homes Aug 01, 2020 09:55 AM IST

    Better late than never: Unitech customers finally have reasons to dream about their homes

    Customers of the beleaguered real estate company could receive possession of their delayed homes within four years under a government proposed resolution plan

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