Page 2 - Homebuyers

Over 55% homebuyers expect housing prices to rise in 2022: Survey

Over 55 per cent respondents in a consumer survey, conducted by industry body CII and property consultant Anarock, expect housing prices to rise this year on higher input costs.

Homebuyers get respite as Delhi HC restrains coercive action on EMIs

The Delhi High Court has restrained banks and housing finance companies from taking any coercive action to recover EMIs from homebuyers over incomplete projects on a plea by a group of homebuyers.

Robust regulatory mechanism under RERA: Centre on builder-buyer agreement

The Centre has told the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale' already exists under provisions of RERA, Real Estate (Regulation & Development) Act, to balance the rights and interest of homebuyers and promoters in an accountable and transparent manner.

Supertech homebuyers jittery after SC order on demolition of high-rise appt

Rashmi Bondre and her husband Manish Bondre had booked a flat in Supertech's Eco Village I housing project at Greater Noida in April 2010 and were promised possession of their home by 2012.

61% of mid income homebuyers feel prices to rise in next 1yr: Survey

Over 60 per cent of middle-income homebuyers in India expect prices of their primary residences to rise in the next 12 months, according to a survey by Knight Frank.

629,000 homes valued at Rs 5 trn delayed or stalled in top-7 cities: Report

These projects were launched in 2014 or earlier. Nearly 28% (about 173,730) of these units are completely stalled, the report said

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Mumbai has 4-fold jump in property registration in June as city eases curbs

Share of women homebuyers in new sales for residential property improves from 1.8 per cent in May to 4.7 per cent in June.

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

Delivery of 420k residential units may be delayed: Anarock report

Seventy-two per cent of the homes to be delivered by year-end have already been sold

Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers

Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan

100 homebuyers' nod must for IBC against realtor, says Supreme Court

The top court also clarified that a company which is facing insolvency proceedings under the IBC can move an insolvency petition against other companies which owe it money

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

Tax sops to help firms clear unsold housing units; boost demand: Realtors

For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts

HDFC reduces its retail prime lending rate on housing loans by 0.10%

The change will benefit all existing HDFC retail home loan customers

Homebuyers in SC to frame model pacts to protect realty customers

A plea has been filed in the Supreme Court seeking direction to the Centre to frame model pacts for builder and agent buyers to protect customers and bring in transparency in the realty sector in tune with the Real Estate Regulatory Authority (RERA) Act 2016. The plea filed by 62 home buyers has also sought a direction to all the states to enforce ''Model Builder Buyer Agreement'' and ''Model Agent Buyer Agreement'' and to take steps to avoid mental, physical and financial injury to customers. The plea has made Ministry of Housing and Urban Affairs, DLF Southern Homes Pvt. Ltd.(Begur Omr Home Pvt Ltd) and Annabel Builders & Developers Pvt. Ltd as parties in the case. "Promoters, Builders and Agents use manifestly arbitrary one-sided agreements that do not place customers at an equal platform with them, which offends Articles 14, 15, 21 of Constitution. There have been many cases of deliberate inordinate delays in handing over possession and customers lodge complaints but police ...

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

More homebuyers want budget-friendly apartments due to Covid-19: Realtors

The younger generation was moving towards urban locations and giving up the 'paying guest' concept of sharing living space with others

Release stalled loans to Amrapali Group homebuyers: SC tells banks

The top court's order came on an application filed by court receiver senior advocate R Venkataramani, who has been appointed as a custodian of properties of Amrapali Group