home buyers
In a cat-and-mouse chase between SEBI and DLF, the investors of DLF are likely to take the ultimate beating, with several under-construction projects hanging by a thread after SEBI’s fundraising ban on DLF. In a verdict passed on Monday, the Securities and Exchange Board of India (SEBI) decided to debar India’s real estate giant DLF’s [...] Continue Reading »
Every year, real estate schemes and offers start appearing during the festive season as Indians consider it auspicious to invest in properties during the festive season. This season starts from October and goes on till about March. Usually, the last two quarters can account for as much as 70 % of the total disbursement in [...] Continue Reading »
Home-buyers, who have invested in various projects by the Jaypee Group, on Thursday threatened to stage a protest next week against the developer for not delivering their flats on time. The homebuyers said that they would first try to meet the Jaypee management on August 30. And, if their grievances are not redressed, then they [...] Continue Reading »
The home buyers in realty developer Supertech’s two under-construction 40-storey towers in Noida held demonstrations on Sunday. They were protesting against the builder and the Allahabad High Court ruling that ordered demolition of the apartment blocks. About 250 home buyers gathered at the construction site in Noida’s Sector 93A. Anil Kumar, who bought a 1,050 [...] Continue Reading »
It might come as a relief for homebuyers hit by a volatile floating rate loans. The National Housing Bank (NHB) has planned to use a large portion of tax-free bond proceeds to shore up long term fixed-rate mortgage loans manily for low and moderate income housing in urban areas and suburbs. NHB has been working [...] Continue Reading »
Axis Bank, India’s third largest private sector bank, on the occasion of its 20th Anniversary launched ‘Asha Home Loan’ earlier this week. This is a 30-year home loan product for first-time home buyers in the lower income segment looking for affordable EMIs. Asha Home loans are for customers with family incomes of 8000-10,000 per month [...] 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 »
The Hyderabad chapter of Confederation of Real Estate Developers Association of India (CREDAI) has announced to organize a three day property show ‘Hyderabad Property Show-2014’ from February 28 at Jalavihar, Necklace Road. CREDAI Hyderabad president N Jaiveer Reddy and general secretary S Ram Reddy while interacting with the mediapersons here said that over 100 developers [...] Continue Reading »
The global economy has slow down and the Indian IT industry is in the pain of an uplift. A pall of gloom hangs over many of India’s three million IT executives. IT workers were once easy and big spenders but because of the slow down they are ruthlessly cutting back on discretionary spending. IT professionals [...] Continue Reading »
The government is likely to come up with a Real estate Bill, which is pending in the parliament since 2009. The sector is in urgent need of this bill as the industry is known for foul business and less transparency are practiced widely. The real estate sector contributes five to six percent of the country’s [...] Continue Reading »
