NBCC to look into viability of the proposal before deciding to take over as a project management consultant (PMC)
Homebuyers want a new promoter to be inducted for the resolution of JIL. Seek for extension of the insolvency resolution period by 45 to 60 days for induction of a new promoter.
Requests SC to direct NCLT Allahabad for a stay of liquidation proceedings; hearing to continue on July 17
Matter to come up for discussion again at high-powered committee meeting on July 10
The Noida-based company was earlier in talks with Rana Kapoor-promoted Yes Bank as well but finally managed to get the loan commitment from Deutsche only.
Next date of hearing fixed for July 16
Welcome right to name representative to decide stressed company’s fate
The next date of hearing has been fixed for July 13
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.