Home Buyers

With purchases worth Rs 35K crore, Indians emerge top home buyers in Dubai

This is almost double the money spent by Indians to purchase homes in Dubai in 2021

Real estate sector backs proposed IBC rule change for defaults

According to experts, defaults in the real estate sector often pertain to specific projects instead of the whole group

Home prices set for steep 6-10% jump this fiscal, 3-5% next: Report

Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said. The agency expects residential prices to rise 6-10 per cent this fiscal and a further 3-5 per cent in the next across the top six cities due to the steep increase in raw material, labour and land costs. This, however, has not impacted demand for residences adversely, given a strong preference for larger homes as the hybrid working model continues in many sectors, it added. The top six realty markets are

Delay in permissions can't be termed force majeure

The National Commission found that delay was caused due to submission of plans which were not in consonance with the statutory rules and regulations

Buying a resale flat? Don't let the society rip you off on transfer charges

The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure

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

Hyderabad registers homes worth Rs 2,237 crore in October: Knight Frank

Near 10% dip in registrations to Rs 27,509 crore since January; units worth Rs 25-50 lakh each constitute 51% of total

China's housing prices fall again in August as slump reaches an year

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.29% last month from July, when they fell 0.11%, National Bureau of Statistics figures showed

Shaky scaffolding: Why is China's real estate sector facing a crisis?

Big property developers in China, like Evergrande, are facing a massive shortfall of money, dragging down the sector along with the home demand and prices

Buy a house only if you don't plan to change city and can afford it

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

Majority of homebuyers want office set-up in apartments: Godrej Survey

The survey underscores the fundamental shift in homebuyers' preferences with the onset of the COVID pandemic and the significant alterations that it has brought about

Planning to buy a new home? You should know these terms and jargons

Buying property is a massive financial decision. Here are key terms you must know if you plan to buy a home

Get an accurate estimate of price before putting your house on the sale

Housing sales: Make it presentable, clear off dues, and have documents ready before you meet potential buyers

Getting homebuyers off the fence: Do not time the market, say experts

Instead enter with a long-term horizon; go for quality projects

Home insurance policy: Buyers, now get ready for structural audit

Fortify yourself further by purchasing adequate insurance cover for the building and its contents

Better.com CEO Vishal Garg taking time off with immediate effect: Report

Chief Financial Officer Kevin Ryan will be managing the day-to-day decisions of the company and will be reporting to the board, Vice reported

40% homebuyers looking for premium and luxury properties: Survey

A latest report, prepared jointly by property consultant Anarock and CII, shows how radically the pandemic has altered buying preference

Suraksha ARC promises to restart stalled Jaypee Infra projects soon

Will infuse working capital funds, deploy a new tech team to revive stalled work; plans to collect dues from home buyers and monetise unsold inventory to expedite construction

UP govt did nothing in four years to help homebuyers: Aam Aadmi Party

The BJP-led Uttar Pradesh government has done nothing in four years to help home buyers who are awaiting possession of their flats in Noida and Greater Noida, the Aam Aadmi Party (AAP) here alleged

Lockdown disruption pushing consumers towards home purchase: Survey

The latest survey by property consultant Anarock and Confederation of Indian Industries shows people are now more willing to own a home than pre-Covid days