Builders

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers

Around 58% builders expect housing prices to rise further in 2023: Survey

As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months

Buyer is liable if builder fails to pay his EMI

The National Commission observed that the loan agreement entitled the bank to recover the EMI from the purchaser if the builder failed to pay on his behalf

Court asks Delhi police to lodge FIRs against builder for duping investors

A court here has directed the Delhi police to register two FIRs against a real estate firm and their directors for allegedly duping investors. Metropolitan Magistrate Yashdeep Chahal passed the order saying that the allegations are of a nature that warrant an investigation by the police/state agency. The judge directed police to lodge two FIRs against builder firm - ISH Realtors Pvt. Ltd. and it's directors for allegedly committing the offences of criminal conspiracy, criminal breach of trust, fraud, cheating and criminal Intimidation. The facts of the complaint reveal that the controversy is not entirely based upon documents and some investigation is warranted in this matter to unearth the truth of the allegations. Moreover, the complainant is not in a position to establish his case without the aid of police investigation, the judge said. He said the complaint as well as the documents on record revealed prima facie commission of cognizable offences. In the light of these facts it

Home buyers stage protest outside builder's office over delayed deliveries

Home buyers of a housing project of Raheja Developers on Saturday staged a protest outside the company's office here over delayed deliveries of their flats. Home buyers were demanding that the builder should either hand over the houses or refund the money. They alleged that buyers of the Raheja Revanta Project at Sector 78 are awaiting for the last five years for the delivery of their homes. The buyers alleged that even after taking 90 per cent of the money for the flat, they were being misled in the name of completing the project. The local police had also reached the spot. Arjun, the president of the association of Raheja Revanta Society, said the builder sold the flats in the name of the tallest project of Delhi NCR and Haryana. They bought flats for Rs 1 crore to Rs 5 crore. After discussions with builder Nayan Raheja, buyers and the developer agreed to hold a meeting every three months. A spokesperson of Raheja Developers in a statement said that they are aggressively taking

Land deals by builders see 3-fold jump to 68 in Jan-Sep in 8 cities: Report

Real estate developers are aggressively looking to expand their business with revival in demand, resulting in a sharp rise in the number of land deals which jumped over three-fold to 68 across eight major cities during January-September this year, according to property consultant Anarock. Anarock has compiled the land transactions, which include both outright purchases by developers and also joint development agreements (JDAs). At least 68 separate land deals, accounting for 1,656 acres, were closed in the first nine months of 2022 across top eight cities, as against just 20 land deals for 925 acres in the corresponding period of last year, it said. Out of the 68 deals in January-September period of 2022, as many as nine were either JDAs or on revenue sharing basis. The remaining deals were outright purchase. Land, the most precious finite resource amid rapid urbanisation, has been seeing increased action after the COVID-19 pandemic, Anarock noted. To encash the surge in housing .

China builders slide to record lows as top chairwoman Wu Yajun steps down

A sudden resignation by the founder and chairwoman of a top Chinese builder has added to concerns over China's ailing property sector, fueling a further selloff

Nearly 50% homebuyers expect property prices to increase: Report

Services activity, hiring and stable unemployment rate helping consumer confidence, it says

Casagrand forays into home building segment, plans 500 homes in 3 years

Realty firm Casagrand has unveiled an independent residential construction venture -- 'CASAGRAND PERCH', and announced plans to build 500 homes over the next three years under the new initiative. CASAGRAND Perch would be involved in designing of the residential units for customers who own a minimum of 1,500 sq ft land, while keeping in mind the concepts of light, ventilation, privacy and 'vaastu,' a company official said on Wednesday. "Through this venture, we will build an individual home by following the same standards of CASAGRAND. People usually reach out to unorganised players to build their homes and there are times when they are not satisfied with the outcome." CASAGRAND founder-managing director Arun Mn noted. "CASAGRAND Perch has been conceptualised as a venture that will professionally take care of the end-to-end requirements of home building.. at this moment, we will build houses in Chennai, Bengaluru and Coimbatore. We aim to build 500 houses under CASAGRAND Perch in 3 .

Home Depot beats sales estimates in June qtr on demand from builders

Net sales for the largest US home improvement chain climbed 6.5% to a $43.79 bn, compared with estimates of $43.36 bn

Maruti Infra CMD Nimesh Patel is new head of Builders' Association of India

Patel has assured the members to take up the issues with the Prime Minister, BAI said in a statement

Builder is liable for carpet area shortfall

The builder had also benefited from the FSI that had become available. The National Commission concluded it would be unfair to burden the Kales with extra premium

It's important to have model builder-buyer agreement: Supreme Court

The bench said that it is an interesting matter as it has earlier dealt with Real Estate Regulations Act and knows its importance

Interest rate cap mean builders' Rs 7,500 cr unjust enrichment, Noida to SC

Noida and Greater Noida authorities will incur over Rs 7,500 crore loss, if SC's order capping the interest rate, at around 8 per cent, for delay in payment of land cost by builders were to sustain

$3.5-bn govt fund for finishing stalled housing projects begins to pay off

The 'Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects' (SWAMIH) fund was announced in November 2019

Cement makers condemn builders' strike over input cost hike issue

Accuse builders of spreading misinformation among the public in order to further increase real estate prices, which are already at unaffordable levels

India's second REIT to encourage more builders to monetise assets: Experts

The participation of retail investors will also increase in future REITs, enabling them to earn dividend income from fully leased and listed commercial real estate

Karnataka cancels special trains for migrants after CM meets builders

The state government has been collecting railway fares from the migrants and every worker had to pay for both train and bus service to reach station in advance

Realty of coronavirus: Big developers to gain, small ones may go bust

Consolidation in real estate industry since 2012 is likely to strengthen after the pandemic ends, say analysts.

Moving NCLT against a builder gone bust may not always work for homebuyers

Homebuyers should keep IBC as the last resort; if the delayed project is without encumbrances, they should explore self-development