EMI payments
The delay in construction projects is doing nothing but burdening the property buyers who end up paying lakhs extra by the time they get possession of their flats booked! Whereas the developer will hardly pay Rs 5-10 per square feet as penalty! This is not bringing in any justice to the property buyers as the [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (CREDAI) have flavored in a sense of relief to the property buyers in Noida extension. CREDAI has decided to pause the interest on pending EMI payments to the property buyers who have already made 10 percent booking payments. High Court (HC) orders forced the developers to [...] Continue Reading »
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
