Builders
Speaking recently at a workshop organized by Confederation of Real Estate Developers Associations of India (Credai) – National for builders in Pune, Satish Magar, vice-president of the agency said that The Maharashtra Regulatory & Development Act (MHRDA), 2012, is committed to bring more transparency and accountability, thus, helping both builders and property buyers. Magar said [...] Continue Reading »
For both potential buyers and investors, real estate has come forth as one of the most aspired sectors.Due to the fact that there is always been major demand which keeps these investment attractive. Realty prices have increased so much in Delhi/NCR region and the delusion of owning a house has appeared to spiral out of [...] Continue Reading »
A unique and exclusive housing finance Branch has been opened in Ernakulam by the State Bank of Travancore (SBT). As per the statement of spokesman no other public sector bank in India operates such a branch anywhere in the country. For all housing, interior modification/beautification plans and other top-up loans for housing, it will be [...] Continue Reading »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
In order to become owners of the land on which the buildings are constructed, residents are claiming to get deemed transportation as alleged by a senior civic official. Supreme Court (SC) has given four weeks to the Brihanmumbai Municipal Corporation (BMC) to consider the residents’ plea for regularisation for the relief of the unauthorised flats [...] Continue Reading »
Even though, the BMC is thinking to regularize the illegal flats at Worli’s Campa Cola Compound, it is still to initiate the much promised project to register builders and hold them accountable in case of illegalities. In the light of the proposed demolition of around 35 illegal floors at the Campa Cola Compound, the civic [...] Continue Reading »
Mumbai – Residents staying on private forest land have denied to shell out extra money to the government to regularize their flats. After hearing a forest land appeal last week, the Supreme Court Chief Justice asked the court registry to hire a three-judge bench to hear the matter but the appointment is pending for 18 months. Over [...] Continue Reading »
Delhi- The three development authorities of Gautham Budh Nagar were targeted on 4th December by frustrated home buyers as there were allegations that despite various home buyers being cheated, action was taken against only selected developers. A demand by the buyers stated that the developers should upload all their project’s NOC and other related important [...] Continue Reading »
Mangalore- Builders are provided huge opportunities as a large number of commercial buildings are emerging in the outskirts of Mangalore. Earlier, malls were only situated in city’s major centres like Hampanakatta, MG Road and Bejai. But very soon within 18- 24 months commercial centres will emerge on the city’s outskirts such as Kulshekar, Pandeshwar and Derlakatte. [...] Continue Reading »
