Buyers
Pune market has always caught the attention of national as well as international property buyers and investors. E-profest is acting as powerful medium to showcase the city’s property and cater to all interested buyers. Confederation of Real Estate Developers Association of India (CREDAI) started a virtual realty fair, e profest which saw a good response [...] Continue Reading »
In July, the government revised property rates in and around Bangalore after four years. While the department’s bandwidth was an average 30 per cent, it crossed 100 per cent in some areas. Once the rates were notified, calling for objections/suggestions from people, the government felt there was a mismatch between the department’s revised rates and [...] Continue Reading »
572 apartments were to be constructed for both serving and retired central government employees in Tiruvallur district. Many have invested all their earnings in the project, being promoted on the outskirts of the city. Buyers have not only paid the entire cost as per the original agreement with the promoter, but have also paid about [...] Continue Reading »
The National Association of Realtors – India (NAR-India) at present has close to 13,000 members spread across 20 states. In AP, about 69 brokering firms are part of this body, which aims to grow on the lines of the 100-year-old national association of realtors, based in the US. Brokers and builders are two key stakeholders [...] Continue Reading »
A 1,500-sq-ft flat can grow to 2,500 to 4,000 sq ft and cost Rs 10 crore to Rs 16 crore. The main intention is to amalgamate extra spaces with the original carpet area to create one large flat. Law-abiding citizens who buy such flats become criminals and, therefore, corrupt civic officials can keep returning to [...] Continue Reading »
Mumbai-based RNA Builders (NG) have to pay Rs 1 lakh fine for the failure in handing over the flats to their buyers. The forum National Consumer Disputes Redressal Commission then ordered the builder to return the money along with compensation.The complainants, however, were aggrieved at this ruling as they did not want the money, but [...] Continue Reading »
26,000 homebuyers had been homeless and their dreams have been shattered in less than a fortnight time under the twin blows order by Allahabad High Court of Sahberi and Patwari verdicts, but seems the realisation that it is more important to buyers to ensure the survival of Noida Extension first for safeguarding individual investments is [...] Continue Reading »
One day after the Allahabad High Court order of quashing the land in Patwari it was revealed that around 50,000 private housing units were proposed to be constructed in the Patwari area and according to developers, around 20,000 bookings have already been made by the buyers in the area. Developers have reiterated that the “fault” [...] Continue Reading »
Addressing a press conference at Noida, representatives of the Confederation of Real Estate Developers’ Association of India (CREDAI), Western Uttar Pradesh Chapter, said that all those who had booked houses in the affected projects would get back their money, including the cost incurred as home loan interest, if they so desired. The builders and developers [...] Continue Reading »
The seven major builders active in the Noida Extension area on Wednesday announced they would repay – with interest – all those home buyers who wish to withdraw from the stricken housing projects after the Supreme Court’s order on Tuesday. In spite of the developers’ assurances, many members of Noida Extension Owners’ and Members’ Association [...] Continue Reading »
