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430 Results Found
  • Government fund to help complete 2.5 lakh housing units: Report Sep 17, 2019 03:58 PM IST

    Government fund to help complete 2.5 lakh housing units: Report

    Out of these, approximately 92,350 units have been delayed in MMR and could get a new lease of life.

  • All you need to know about last mile funding of Rs 10,000cr for the real estate sector Sep 16, 2019 04:39 PM IST

    All you need to know about last mile funding of Rs 10,000cr for the real estate sector

    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

  • Bring RERA authorities under CVC's ambit, homebuyers write to PM Modi Sep 16, 2019 12:17 PM IST

    Bring RERA authorities under CVC's ambit, homebuyers write to PM Modi

    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

  • Rs 10,000 cr stressed asset fund unlikely to resolve problems of homebuyers stuck in projects in NCR Sep 14, 2019 07:37 PM IST

    Rs 10,000 cr stressed asset fund unlikely to resolve problems of homebuyers stuck in projects in NCR

    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

  • Amrapali case: Supreme Court directs court receiver to monitor progress of project construction Sep 11, 2019 09:04 PM IST

    Amrapali case: Supreme Court directs court receiver to monitor progress of project construction

    The court receiver has also been directed to finalise the tripartite agreements and verify documents of homebuyers.

  • Demand of linking floating loan rates to repo rate fulfilled, say homebuyers Sep 06, 2019 02:58 PM IST

    Demand of linking floating loan rates to repo rate fulfilled, say homebuyers

    About a dozen banks have already aligned their lending rates with the repo rate of RBI.

  • UPRERA sets pace, resolves maximum number of cases Sep 06, 2019 01:20 PM IST

    UPRERA sets pace, resolves maximum number of cases

    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.

  • Jaypee Infratech case: NBCC agrees to give fresh proposal for completing incomplete projects Sep 05, 2019 03:40 PM IST

    Jaypee Infratech case: NBCC agrees to give fresh proposal for completing incomplete projects

    Supreme Court grants the embattled firm three weeks to file its resolution plan in a sealed envelope

  • Jaypee case: Supreme Court asks NBCC if it is willing to complete stalled projects Sep 03, 2019 01:42 PM IST

    Jaypee case: Supreme Court asks NBCC if it is willing to complete stalled projects

    The Centre has said it will waive taxes, running into crores, due to Jaypee Infratech, if NBCC takes over projects

  • Will there be buyers for luxury housing launches in Delhi? Sep 03, 2019 11:40 AM IST

    Will there be buyers for luxury housing launches in Delhi?

    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

  • Amrapali case: List of homebuyers submitted to Supreme Court Aug 30, 2019 07:42 PM IST

    Amrapali case: List of homebuyers submitted to Supreme Court

    Debt Recovery Tribunal puts out advertisements for auction of 20 Amrapali properties for the fourth time.

  • Policy | Calling homebuyers financial creditors is plain wrong Aug 30, 2019 11:07 AM IST

    Policy | Calling homebuyers financial creditors is plain wrong

    Any allocation of preferential rights to homebuyers puts the rights of banks in peril

  • Homebuyers in NCR stuck with 'three big projects' will get relief in coming weeks: Hardeep Singh Puri Aug 27, 2019 08:46 PM IST

    Homebuyers in NCR stuck with 'three big projects' will get relief in coming weeks: Hardeep Singh Puri

    "Once that happens, the rest of the system can be dealt with," said Puri.

  • No discrimination on the basis of location of stuck projects please: Homebuyers to FM Aug 26, 2019 03:07 PM IST

    No discrimination on the basis of location of stuck projects please: Homebuyers to FM

    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.

  • SC directs Noida authorities to set up nodal cell for issuing completion certificates in Amrapali case Aug 26, 2019 12:40 PM IST

    SC directs Noida authorities to set up nodal cell for issuing completion certificates in Amrapali case

    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

  • Jaypee case: Supreme Court extends status quo on insolvency proceedings by a week Aug 22, 2019 08:34 PM IST

    Jaypee case: Supreme Court extends status quo on insolvency proceedings by a week

    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.

  • Maintain ‘zero tolerance policy’ towards realty malpractices, delays: Homebuyers tell PM Modi Aug 19, 2019 10:23 AM IST

    Maintain ‘zero tolerance policy’ towards realty malpractices, delays: Homebuyers tell PM Modi

    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

  • Macro@Moneycontrol | SC upholds IBC Amendments Aug 16, 2019 10:36 PM IST

    Macro@Moneycontrol | SC upholds IBC Amendments

    Supreme Court on August 9 upheld the amendment in the Insolvency and Bankruptcy Code that confers them the status of financial creditors under IBC

  • NCDRC directs Unitech to give possession of plot, interest to home buyer Aug 14, 2019 05:54 PM IST

    NCDRC directs Unitech to give possession of plot, interest to home buyer

    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.

  • Noida homebuyers not to be evicted, assures Union Bank of India Aug 14, 2019 04:12 PM IST

    Noida homebuyers not to be evicted, assures Union Bank of India

    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

  • Private developers can now bid for DDA land to build housing projects in Delhi Aug 14, 2019 01:40 PM IST

    Private developers can now bid for DDA land to build housing projects in Delhi

    Realty experts welcome move, say DDA should allow private developers to create housing stock in keeping with consumer expectations.

  • NCDRC raps Supertech for tardy work, tells it to refund flat buyer Rs 68 lakh with 12 per cent interest Aug 13, 2019 02:39 PM IST

    NCDRC raps Supertech for tardy work, tells it to refund flat buyer Rs 68 lakh with 12 per cent interest

    The commission found that the builder had failed to give possession of a flat even two years after the scheduled date of delivery.

  • Give possession of Amrapali flats or face jail: SC to Noida authorities Aug 13, 2019 01:14 PM IST

    Give possession of Amrapali flats or face jail: SC to Noida authorities

    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

  • Banks not passing on benefits of reduced interest rates to us, homebuyers to FM Aug 12, 2019 01:50 PM IST

    Banks not passing on benefits of reduced interest rates to us, homebuyers to FM

    FM held discussions with realtors, homebuyers, RERA officials.

  • Supreme Court upholds homebuyers' rights as financial creditors under IBC Aug 09, 2019 12:04 PM IST

    Supreme Court upholds homebuyers' rights as financial creditors under IBC

    Genuine homebuyers will have a say in committee of creditors and have the right to initiate insolvency proceedings, verdict clarifies.

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