Homebuyers

Conduct separate title searches on plot, apartment to avoid disputes

Not doing so can hurt buyer even years later, when he tries to sell the unit

Indians comprise largest share of homebuyers in Central Texas: Report

According to the report, Central Texas provides an alternative to expensive metropolitan areas like New York and San Francisco for Indian homebuyers.

Setback for realty developers as SC recalls order capping interest rate

With the recent order, the way has been unlocked for the government authorities to get the land dues worth Rs 40,000 crore from the defaulters which were pending for years

Future sentiment score hints a decline in housing market momentum in Q4

The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.

Supertech twin tower: SC directs refund to 15 home buyers from deposit

The Supreme Court said on Friday 15 home buyers of the now razed twin-towers of real estate firm Supertech in Noida will be refunded on pro-rata basis from the Rs 1 crore deposited by the Interim Resolution Professional (IRP). A bench of Justices DY Chandrachud and Hima Kohli directed that Rs 1 crore more be deposited by the IRP by December 8 and be disbursed to the 15 home buyers. The top court listed the matter for December 13 for resumed hearing. The top court was hearing a batch of contempt petitions filed by home buyers seeking a refund as per the last year's order of court. On August 26, the top court had assured the home buyers of the razed 40-storey twin-towers they will be refunded the full amount they had deposited with the builder. The apex court had asked the IRP of the firm, facing insolvency proceedings, to deposit Rs 1 crore with the apex court registry. The twin-towers at Emerald Court Project in Sector 93A of Noida were pulled down using explosives on August 28.

Rising median loan rates lead to fall in affordability of homebuyers

A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

Consider festive offers that lower your cost of house acquisition

Don't let freebies blind you to key considerations like location, infrastructure, and the developer's record

Amrapali homebuyers urged to form association to take over project upkeep

The court received requested the Amrapali unit owners to step forward as neither NBCC nor the contractor will oversee the project's maintenance

Nearly 50% homebuyers expect property prices to increase: Report

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

Hong Kong homes on the verge of becoming least affordable in 24 years

Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub

Who actually got punished: Homebuyers after razing of Supertech twin towers

As the Supertech twin towers in Noida were razed to dust on Sunday, homebuyers who have invested in the developer's other projects across the NCR wondered "who actually got punished" as they are clueless whether they would get possession of their flats booked years ago. These homebuyers, who had dreams of owning a home in the National Capital Region (NCR), had been glued to their television sets on Sunday watching the spectacle of the twin towers crashing like a pack of cards. Arun Mishra, a Gurugram resident, was checking constant updates about the demolition on Sunday and feeling dejected. Mishra, who booked a flat in Supertech's Hill Town project on the outskirts of Gurugram in 2015, has been waiting since then for possession. He was promised that the flat would be delivered to him by 2018. "One thing that I did not understand from twin towers story is 'who actually got punished'. Just demolition of illegal towers is sufficient? Why wasn't the builder sent to jail? Homebuyers us

It's not just China homebuyers; suppliers too now boycotting loans

Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money

Planning to buy a house in Delhi? Check factors to consider, other details

What is the procedure to buy a house in Delhi? From home loan to location, here is a step-by-step guide on how to plan such an investment

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

As construction gets delayed, Chinese homebuyers refuse to pay mortgages

The payment refusals underscore how the storm engulfing China's property sector is now affecting the country's middle class, posing a threat to social stability

Amrapali homebuyers asked to pay Rs 200 per sq ft extra to meet shortfall

A separate fund, namely "Sinking cum Reserve Fund", has been made where all homebuyers of Amrapali Group would deposit the amount

Homebuyers in Noida-Greater Noida worst hit; 165,000 units stalled

Homebuyers who booked flats in housing projects in the Noida-Greater Noida property market are worst affected, with over 165,000 flats worth Rs 1.18 trillion currently stalled or significantly delayed

HDFC giants' merger is a joint-family deal made for a changing India

As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

RERA execution to improve post SC direction on studying states' rules: FPCE

Homebuyers' apex body FPCE expects the implementation of realty law RERA to improve following the Supreme Court's recent direction to the Centre to examine the rules framed by states.

Review of RERA rules likely to save home buyers from errant builders

As state after state diluted rules to regulate real estate, SC ordered a relook