Page 3 - Homebuyers

Homebuyers enjoy clear-cut financial gain with deferred payment plans

Ensure the price isn't higher than a construction-linked plan

With attractive deals, real estate becomes buyers' market amid Covid-19

Potential buyers face risks on two counts. The first is a possible salary cut or even job loss

Emaar MGF found guilty of profiteering, to refund Rs 13 cr to homebuyers

The National Anti Profiteering Authority has ruled that the realty firm has benefited from additional input tax credit

Are ready-to-move-in properties best bet for homebuyers amidst slowdown?

On an average it took six-and-a-half years for large-sized projects of more than 500 units to be completed in the country, according to Anarock Property Consultant

Unitech takeover: Despite IBC and RERA, homebuyers find no relief

Analysts point out the RERA, too, has not been able to stem the litany of woes faced by homebuyers in financially stressed projects

SC accepts Centre's proposal to take over management control of Unitech

The bench, also comprising Justice M R Shah, granted 2-month moratorium to the new board from any legal proceedings against the company's management.

MCA unearths Rs 700 cr scam in Unitech, says funds diverted to 16 shell cos

Company believed to have siphoned off huge amounts of money to various shell companies

Homebuyers tilt towards branded players despite slowdown in real estate mkt

According to PropEquity, 600 mn sq ft of projects at a pan-Indian level are stuck. This accounts for 50 per cent of the unsold inventory in terms of units

R.I.P. interest subvention scheme

The tripartite agreement between the housing finance company (HFC), the developer and the buyer is loaded against the buyer

WIll SBI's loan revive trust?

In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period

State Bank to provide guarantee to homebuyers on completion of projects

This cover will be for SBI funded residential projects and those availing home loan for SBI

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

Homebuyers' body writes to PM Modi to stop proposed IBC amendment

Opposing the proposed move, the association said an accused developer can not be allowed to decide in which court they should be dragged by his victim just to suit his comfort

Homebuyers have filed over 1,800 cases under insolvency law: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30

Homebuyers filed 1,800 cases under insolvency law since June 2018: Govt

These are the number of cases pending before the National Company Law Tribunal (NCLT) as on September 30.

Rs 25,000 cr AIF for stalled projects will boost homebuyers' faith: LIC HF

Firm hopes to disburse Rs 55,000 cr this year, up from Rs 48,000 cr last year, says MD & CEO Siddhartha Mohanty

Number of Indian homebuyers in London rose 11% in FY19 on discounted prices

The consultant further highlighted that the profile of wealthy Indian buyers are becoming younger.

Homebuyers' body urges PM to include non-RERA projects in Rs 25k-cr fund

The Real Estate (Regulation & Development) Act, which became effective from May 2017, provides for setting up of regulators in each state.

Aggrieved HDIL home-buyers seek PM Modi intervention to resolve distress

A group of aggrieved home buyers of the scam-hit realty developer HDIL have written to Prime Minister Narendra Modi seeking his intervention to resolve their distress. The Whispering Towers Flat Owners Welfare Association, representing over 450 home-buyers of the HDIL project in suburban Mulund, have in a letter dated September 1, to Modi said they are seeking his intervention as a last resort. According to the letter, over 450 families have paid around Rs 350 crore to the now bankrupt HDIL but the project has been stuck since the past nine years. "The project was launched in 2010 and bookings were accepted since then. But,in the past nine years,only 18 floors of the 46 storeyed-tower have been built, while work has not even started on the second phase,"the association said. Shyam Chittari, a member of the association, has posted the letter on his twitter account. The letter claims HDIL had taken Rs 175 crore from Allahabad Bank, J&K Bank and Syndicate Bank for the ..

Homebuyers may have to shell out more for parking space, other services

The ruling may trigger fresh debate on the issue, experts said