Homebuyers
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Property developers in the Delhi-NCR region are partnering financially strong developers from the country’s South and West to restart stuck realty projects in the backdrop of a constant cash crisis, the powerful Real Estate Regulatory Act (RERA), and the warning of being taken to the National Company Law Tribunal (NCLT). Financially sound companies like Godrej Properties, Prestige Group, and Kalpataru [...] Continue Reading »
The first national conclave of Real Estate Regulatory Authority (RERA) held at Indira Gandhi Pratishthan in Lucknow and it will be held every year. RERA chiefs and leading developers from across the country took part in the five sessions organized as part of the day-long event which included several aspects of the realty sector. The [...] Continue Reading »
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »
Homebuyers seem to be coming back in strong numbers, going by the increase in the home loan portfolio of public sector banks. The first quarter numbers reveal that there has been a significant increase in the number of home loans extended compared to the year-ago period. State Bank of India (SBI) has recorded 15.6 percent [...] Continue Reading »
Neha Khandelwal aged 32 works for a financial services firm in Mumbai’s Lower Parel business district. She had booked a one bedroom, hall and kitchen home, one BHK flat that has been put on resale in the suburban Chandivali for a price of Rs 85 lakh. Looking into the price of a brand new one [...] Continue Reading »
It was more than a rumble in the Bronx down south, when a 12 storey building “under –construction” named “TRUST HEIGHTS” crumbled like a pack of cards, shattering the sleep of many residents, killing some and injuring many in Porur, Chennai says a source. Last week as the residents at Porur, Chennai called it a [...] Continue Reading »
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »
Mumbai: On a move to step up real estate sales, Reserve Bank of India (RBI) has cut Repo Rate for the third time since January by 25 basis points. However, the lowering of the Repo rate by 0.25 percent may no sooner be beneficial to home loan seekers as it is too small to have [...] Continue Reading »
Greater Noida: Nearly a 100 complaints were lodged against a real estate company at Bisrakh police station by buyers of Greater Noida West (Noida Extension) for allegedly cheating and cancelling their bookings in Gulshan Homez project. The homebuyers who had booked flats in the project in Greater Noida West have also planned to lodge more FIRs on [...] Continue Reading »
