Considering the subdued residential market scenario in the country, in almost all cases, developers have absorbed any upward cost pressure because of GST, which augurs well for the consumers
Demand early possession, quality construction, delay compensation and no increase in super area
The enhanced size structure may offer a wider choice to aspirational buyers waiting on the sidelines
Homebuyers have requested that the regulations clearly lay down that the ‘first meeting of creditors’ would mean the first meeting of creditors after the coming in force of the regulations.
Experts have cited two major dilutions in key provisions of the RERA in HIRA, which was notified on June 1
NRIs lack the confidence to invest in the Indian real estate market due to poor grievance redressal mechanism, confusion over GST, lack of incentives and low capital and rental returns
Considering that value of houses in these cities are far lower than in the metros, large-sized units may witness some amount of demand from the home buyers belonging to the middle income group
Puravankara Ltd, a Bengaluru-based real estate company, has launched a resale assistance programme with benefits for registered users
Advance payments received from home buyers will now be aptly reflected as loans on balance sheets of realtors; to be in sync with RERA rules.
The real impact of these amendments, however, will depend on what happens after bankruptcy is invoked
Govt to meet March 2019 deadline for all 500 municipalities to go online
West Bengal Housing Industry Regulation Act (HIRA) was notified by the state on June 1
There can be a resolution to buyers’ problems ‘soon’ if they insulate themselves from people who are spoiling their cases
The Ordinance provides significant relief to homebuyers by recognising their status as financial creditors
Housing finance companies could get some comfort as buyers rights over a defaulting builder and cash flows on liquidation will increase.
Claims homebuyers secured as far as possession is concerned but refuses to comment on the issue of delay penalty
From the perspective of developers, innovation in construction materials and technologies has redefined the boundaries of building scale and efficiency.
This will be a huge upside to JIL’s valuation in the insolvency process
Homebuyers and Amrapali Group had agreed upon a joint proposal under which pending projects were divided into four baskets.
Another group of buyers demand that Manoj Gaur-led promoter group be given a ‘second chance’ to take over the company and complete the unfinished housing units
Homebuyers oppose decision of banks and Committee of Creditors to push JIL into liquidation
Homebuyers oppose move, next date of hearing fixed for May 16.
“The Supreme Court is taking it up. Let’s see what comes up,” says Sriram Kalyanaraman, MD & CEO, National Housing Bank
Directors of Unitech have been ordered to submit list of encumbered assets and the extent of encumbrance. The next date of hearing has been fixed for May 14
This is a grey area under RERA as it does not specify whether re-executing agreement to sell with the existing allottees of ongoing projects is mandatory. But legal experts say that buyers of ongoing projects are entitled to pre-RERA and post RERA claims.