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432 Results Found
  • Unitech case: SC asks amicus curiae to share resolution plan with stakeholders Jul 31, 2020 03:32 PM IST

    Unitech case: SC asks amicus curiae to share resolution plan with stakeholders

    Contempt notice issued against Devas LLP, the company that had bought Unitech’s Bengaluru land, for not submitting Rs 52 crore to the court registry

  • Homebuyers hire JAL as contractor to complete four towers of a housing project in Noida Jul 29, 2020 02:03 PM IST

    Homebuyers hire JAL as contractor to complete four towers of a housing project in Noida

    Section 8 of RERA empowers authorities to hand over completion task to buyers' association

  • Over 80 stressed housing projects to get funding of over Rs 8,700 crore under SWAMIH Fund Jul 24, 2020 11:31 AM IST

    Over 80 stressed housing projects to get funding of over Rs 8,700 crore under SWAMIH Fund

    Investments in 18 projects have been given final clearance and disbursement is at various stages across 7 residential projects; Builders and buyers welcome the move

  • Exclusive | NCDRC orders developers in Gurgaon real estate projects to refund Rs 12 crore to homebuyers; disposes of 25 cases Jul 22, 2020 10:58 AM IST

    Exclusive | NCDRC orders developers in Gurgaon real estate projects to refund Rs 12 crore to homebuyers; disposes of 25 cases

    NCDRC directs developers Three C Shelters Pvt Ltd and Orris Infrastructure to refund the amount with an interest of 9 percent per annum; In related cases, it orders handover of completed units by September.

  • Consumer Protection Act 2019 impact: NCDRC to hear only homebuyers who have paid over Rs 10 crore Jul 20, 2020 06:27 PM IST

    Consumer Protection Act 2019 impact: NCDRC to hear only homebuyers who have paid over Rs 10 crore

    Other cases to be heard by district and state commissions. Experts say that this will fail to provide quick relief to homebuyers given the huge number of cases pending in these forums. Buyers see this as a move to limit legal option to RERA

  • Unitech board to complete stuck real estate projects in 4 years: sources Jul 20, 2020 01:49 PM IST

    Unitech board to complete stuck real estate projects in 4 years: sources

    A graded timeline for completion of units has been proposed. All 15,000 units would be completed within four years

  • RERA disposes of almost 50,000 complaints in three years Jul 14, 2020 01:58 PM IST

    RERA disposes of almost 50,000 complaints in three years

    UP sees maximum disposal of real estate complaints at 18,509 cases; Haryana comes second with 9,919 cases disposed and Maharashtra is at the third spot with 7,883 cases disposed.

  • Amrapali case: SC directs SBICAP to finalise proposal for financing projects before August 4 Jul 10, 2020 09:48 PM IST

    Amrapali case: SC directs SBICAP to finalise proposal for financing projects before August 4

    SBICAP identifies eight projects for construction; next date of hearing is on July 22

  • Builder delaying possession? NCDRC says only booking amount non-refundable; rest to be returned if buyer pulls out of purchase Jul 03, 2020 12:23 PM IST

    Builder delaying possession? NCDRC says only booking amount non-refundable; rest to be returned if buyer pulls out of purchase

    One-year delay in completion of a housing project is ‘reasonable’ and a buyer cannot seek refund on that ground

  • COVID-19 impact | Homebuyers' wait gets longer; 4.66 lakh units slated for 2020 delivery may miss deadline Jun 23, 2020 01:08 PM IST

    COVID-19 impact | Homebuyers' wait gets longer; 4.66 lakh units slated for 2020 delivery may miss deadline

    Nearly 4.12 lakh units that were expected to be completed in 2021 across top seven cities may also get delayed

  • COVID-19 impact: After builders, homebuyers offer unfinished apartments to be used as quarantine facilities Jun 22, 2020 01:39 PM IST

    COVID-19 impact: After builders, homebuyers offer unfinished apartments to be used as quarantine facilities

    Not having an occupation certificate may prove to be a challenge, say real estate experts.

  • Amrapali case: Supreme Court directs JP Morgan to transfer Rs 140 crore along with interest Jun 18, 2020 06:05 PM IST

    Amrapali case: Supreme Court directs JP Morgan to transfer Rs 140 crore along with interest

    Amount to be utilised for construction of stalled projects; SBICap granted four weeks to firm up proposal for financing unfinished projects.

  • COVID-19 impact | Most RERA authorities hear cases online; conform to social distancing norms Jun 17, 2020 07:59 PM IST

    COVID-19 impact | Most RERA authorities hear cases online; conform to social distancing norms

    Hearings have been taking place in two benches of UP Rera at Gautam Buddh Nagar and Lucknow.

  • COVID-19 impact | Potential homebuyers press pause button for 6-12 months Jun 17, 2020 06:25 PM IST

    COVID-19 impact | Potential homebuyers press pause button for 6-12 months

    Price-points of residential realty have remained muted for the past few years, but are still a key deterrent, with the perception of being still unaffordable, the survey said

  • SBICap stressed fund receives 100 fresh applications; number likely to double Jun 17, 2020 11:31 AM IST

    SBICap stressed fund receives 100 fresh applications; number likely to double

    The fund has received applications from both Tier 1 and Tier 2 cities such as Jaipur, Karnal, Mohali and Panchkula, Nagpur and Nasik. Smaller developers facing challenges to comply with the initial due diligence process

  • Karnataka RERA notifies model sales agreement after 3 years Jun 15, 2020 09:30 PM IST

    Karnataka RERA notifies model sales agreement after 3 years

    It mandates that the agreement for sale has to be registered with the sub-registrar’s office after being signed by the builder and the buyer

  • Extending RERA deadline for real estate projects “illegal”, homebuyers write to PM Modi Jun 08, 2020 10:42 AM IST

    Extending RERA deadline for real estate projects “illegal”, homebuyers write to PM Modi

    Extension should only be for the actual period of the lockdown when construction was not permitted, they said  

  • Exclusive | NAREDCO's Hiranandani on Piyush Goyal advice: Builders with big borrowings must cut prices Jun 05, 2020 11:52 AM IST

    Exclusive | NAREDCO's Hiranandani on Piyush Goyal advice: Builders with big borrowings must cut prices

    Government should scrap Section 43 CA of IT Act, reduce ready reckoner rates if it wants price reduction of over 10 percent

  • SBICAP expresses willingness to fund stuck Amrapali projects Jun 03, 2020 11:07 PM IST

    SBICAP expresses willingness to fund stuck Amrapali projects

    Supreme Court directs multi-national firm JP Morgan to deposit Rs 140 crore; next hearing on June 10.

  • Home loan defaults can put personal wealth in jeopardy. Here is how Jun 03, 2020 04:39 PM IST

    Home loan defaults can put personal wealth in jeopardy. Here is how

    Homebuyers who took subvention schemes to buy apartments are seeing a sharp fall in prices. They might — grudgingly— continue to pay loans, but what about people who lost their jobs? That’s where things get messy.

  • Amrapali case: Supreme Court reserves order on financing of stalled projects May 27, 2020 08:25 PM IST

    Amrapali case: Supreme Court reserves order on financing of stalled projects

    Directs enforcement directorate (ED) to consider the objections raised by JP Morgan India against attachments of its properties in the Amrapali case.

  • Amrapali case: SC asks govt to consider granting a Rs 500 crore loan to complete stalled projects May 22, 2020 09:03 PM IST

    Amrapali case: SC asks govt to consider granting a Rs 500 crore loan to complete stalled projects

    The court receiver has suggested that the GST authorities be directed to waive GST on construction of the Amrapali projects. The next date of hearing is scheduled for May 27

  • Can RERA authorities direct homebuyers' associations to complete stalled real estate projects? May 21, 2020 11:49 AM IST

    Can RERA authorities direct homebuyers' associations to complete stalled real estate projects?

    This model of homebuyers taking over stuck projects could become popular in post-COVID-19 world, said experts.

  • What RERA timeline extension means for homebuyers, real estate developers May 15, 2020 08:04 AM IST

    What RERA timeline extension means for homebuyers, real estate developers

    While the measures announced by the Centre certainly provide relief to real estate builders, homebuyers say it does not offer any immediate help in the form of interest or rent waivers

  • Centre issues advisory to states on extending RERA deadline for projects May 14, 2020 12:49 PM IST

    Centre issues advisory to states on extending RERA deadline for projects

    Acting on the central advisory, Rajasthan Real Estate Regulatory Authority extends deadline for projects by a year.

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