Sep 17, 2019 03:58 PM IST
Out of these, approximately 92,350 units have been delayed in MMR and could get a new lease of life.
- Sep 16, 2019 04:39 PM IST
Experts feel the fund seeks to address key issues of project funding, completion and delivery but adequacy of the fund, as well as the establishment of funding sources are issues that may pose challenges in its implementation
- Sep 16, 2019 12:17 PM IST
Buyers also want these officials be brought under the ambit of the Central Vigilance Commission (CVC) and all orders to be subjected to an audit by the Comptroller Auditor General of India (CAG) to keep check on the adherence to RERA provisions
- Sep 14, 2019 07:37 PM IST
For delayed and stalled projects this will be a major problem, given that most of such projects are under NCLT and NPA, and will not get the benefit of this stress fund
- Sep 11, 2019 09:04 PM IST
The court receiver has also been directed to finalise the tripartite agreements and verify documents of homebuyers.
- Sep 06, 2019 02:58 PM IST
About a dozen banks have already aligned their lending rates with the repo rate of RBI.
- Sep 06, 2019 01:20 PM IST
Around 6,000 complaints were registered against 20 real estate firms in Uttar Pradesh of which Ansal Properties had the highest number of complaints (1269), followed by Supertech with 817 complaints.
- Sep 05, 2019 03:40 PM IST
Supreme Court grants the embattled firm three weeks to file its resolution plan in a sealed envelope
- Sep 03, 2019 01:42 PM IST
The Centre has said it will waive taxes, running into crores, due to Jaypee Infratech, if NBCC takes over projects
- Sep 03, 2019 11:40 AM IST
As many as 16,100 new units have been launched in the luxury segment priced above Rs 1.5 crore across the top 7 cities
- Aug 30, 2019 07:42 PM IST
Debt Recovery Tribunal puts out advertisements for auction of 20 Amrapali properties for the fourth time.
- Aug 30, 2019 11:07 AM IST
Any allocation of preferential rights to homebuyers puts the rights of banks in peril
- Aug 27, 2019 08:46 PM IST
"Once that happens, the rest of the system can be dealt with," said Puri.
- Aug 26, 2019 03:07 PM IST
FM had said on August 23 that the government was close to coming up with a solution aimed at resolving problems being faced by homebuyers in NCR and Mumbai.
- Aug 26, 2019 12:40 PM IST
Apex court orders that the forensic audit report be given to the Enforcement Directorate, Delhi Police and the ICAI to take action against Amrapali directors and auditors for siphoning off over Rs 3,000 crore
- Aug 22, 2019 08:34 PM IST
On August 2, the apex court had ordered status quo for two weeks on insolvency proceedings after Jaypee Group challenged the July 30 order of NCLAT.
- Aug 19, 2019 10:23 AM IST
Homebuyers have demanded that the government orders a forensic audit for all realty projects pending for over three years and set up a task force to ensure delivery
- Aug 16, 2019 10:36 PM IST
Supreme Court on August 9 upheld the amendment in the Insolvency and Bankruptcy Code that confers them the status of financial creditors under IBC
- Aug 14, 2019 05:54 PM IST
It asked the company to complete and deliver within three months the possession of a plot in Unitech's 'Uniworld City' project in Mohali, Punjab to Jaswinder Kaur who had booked it in 2009.
- Aug 14, 2019 04:12 PM IST
Around 10 families in Noida’s Gardenia Gateway society were served eviction notices on August 5 from the Union Bank of India over a Rs 78.45 crore unpaid loan from builder Gardenia India
- Aug 14, 2019 01:40 PM IST
Realty experts welcome move, say DDA should allow private developers to create housing stock in keeping with consumer expectations.
- Aug 13, 2019 02:39 PM IST
The commission found that the builder had failed to give possession of a flat even two years after the scheduled date of delivery.
- Aug 13, 2019 01:14 PM IST
SC directs NBCC to submit modalities for completion of stuck projects; Court reserves order and the next date of hearing would be indicated in the order
- Aug 12, 2019 01:50 PM IST
FM held discussions with realtors, homebuyers, RERA officials.
- Aug 09, 2019 12:04 PM IST
Genuine homebuyers will have a say in committee of creditors and have the right to initiate insolvency proceedings, verdict clarifies.