The overall value of stuck real estate projects is estimated to be more than Rs 1.7 lakh crore
Launched on March 25, the DDA Housing Scheme was to close on May 10, 2019. The Authority later decided to extend the closing date for registration by a month.
Real estate experts say this will definitely put more strain on many developers' already precarious liquidity situation.
Bengaluru recorded 49 percent reduction in unsold luxury stock within a year; Kolkata saw a 37 percent decline and NCR and MMR each witnessed a 7 percent decline.
Conflicts between tenants and landlords are well known. The draft new Act is a long overdue attempt to set the house in order
Housing demand remains skewed in favour of regions with greater economic viability and affordability. No wonder, Bhubaneswar is leading the charge.
The scheme has received 47,000 applications, with Vasant Kunj being the top choice for a majority and Narela coming in second
The West Bengal Apartment Ownership Act, 1972 was enacted to provide for the ownership of an individual and to make such apartment heritable and transferable property.
The homebuyers’ proposal also calls for ring fencing the project against any old legal liabilities. It has been proposed that to make the projects viable for participation from new private sector developers RERA and other delay liabilities for default of the builder to the buyers be extinguished and timelines for delivery be reset.
Despite high demand for budget homes in the major cities, builders find it challenging to build housing in the incentivised Rs 45 lakh budget range. For a city like MMR, a budget of Rs 45 lakh is far too low, the report said.
Unorganised realtors shrunk by over 50 percent in the top 9 cities, as per a report by PropEquity
The Economic Survey for 2018-19 asserts that India needs to spend 7-8 per cent of its GDP on infrastructure annually, which translates into annual infrastructure investment of US$200 billion currently
The builders’ body has suggested that changes be made in Section 24 (B) for increasing interest deduction for homebuyers and relaxation in REITs provisions
Next week, Supreme Court will be hearing homebuyers plea seeking not to send Jaypee Infratech Ltd into liquidation.
A sizeable 58 percent of the new supply that hit the prime markets in the first half of 2019 was in the affordable and mid-price segment, says a report
NCLAT also questioned banks on backdoor negotiations with Adani Group.
DDA Housing Scheme 2019 was launched on March 25 and was to end on May 10, 2019. However, it was later extended by a month.
Property experts said the move could reduce new real estate supply in the market, and inflate property prices in Bengaluru.
The project is located in Golf Course Extension Road in Sector 59. The units are expected to be priced between Rs 2.2 crore to Rs 4 crore.
The city’s new supply during the last two years remained largely limited in comparison to other prominent cities like Pune, Chennai and the Mumbai Metropolitan Region (MMR).
The government has set a target of one crore houses in urban areas across the country over a period of seven years from 2015 to 2022.
Ansal API given 30 days to pay up the fine. No plans to de-register the developer at this stage
"Banks wanted to explore fresh expression of interest but there was no consensus as the matter is pending before NCLAT," sources said.
The National Anti-Profiteering Authority has directed the builder to pass on the benefit of the profiteered amount to the applicant, buyers and the land owner along with interest at 18 percent.
Even after 15 years the alleged company has neither provided plots to the buyers nor refunded the amount