The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects.
Nirmala Sitharaman’s announcement for housing: AIF for NPA-tagged projects is a great idea, but devil is in the detail
The big relief to the home buyers and developers in SitharamanÃ¢ï¿½ï¿½s announcement is that the fund can be availed by even those projects that are tagged as NPAs by banks
We need builders to build new India; HDFC keen to contribute to govt's Rs 20k cr realty fund, says Deepak Parekh
The government fund will help good developers finish their pending projects, which are non-NPA and non-NCLT, said HDFC's Deepak Parekh.
Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
Amrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.
Planning to invest in a house? You can get these three benefits by taking home loan in a woman's name
Govt has also encouraged this new wave of development and has devised various concessions/ policies to facilitate smoother access of funds to women investors
Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra
There have been various instances of aggrieved home-buyers initiating insolvency proceedings against developers who have delayed project execution.
The Supreme Court on Wednesday refused bail to Unitech promoters Sanjay Chandra and Ajay Chandra in a case relating to alleged siphoning off the home-buyers' money
While back-to-back rate hikes in June and August had impacted buyers' sentiment in the interim, maintaining the status quo on policy rate in October and today, will reinforce the confidence of homebuyers and they will be encouraged to go ahead with their plans to buy house, JLL India country head Ramesh Nair said
Amrapali played 'big fraud' by diverting homebuyers money to other firms, 'big racket' has to be unearthed, says SC
Amrapali Group has been hoodwinking the court, DRT and also the forensic auditors, the Supreme Court court said.
Apparently, the Supreme Court suspects huge diversion of funds and hence it is looking beyond the companies themselves to retrieve the money to the extent possible for the beleaguered and hapless home buyers.
National Anti-Profiteering Authority asks Gurugram-based Pyramid Infratech to refund Rs 8.22 cr of GST to home buyers
In a big relief to the home buyers, the National Anti-Profiteering Authority (NAA) has ordered Gurugram-based Pyramid Infratech to refund over Rs 8.22 crore to 2,476 flat owners as it had failed to pass on the benefit of GST reduction to them
The top court had also brought CMD of Amrapali Group Anil Sharma under its scanner for declaring his assets worth Rs 67 crore, as against Rs 847 crore, in his election affidavit filed during the 2014 Lok Sabha polls
Hard-earned money of over lakhs of home buyers in Delhi-NCR are stuck because of defaults by developers including Jaypee group, Amrapali, Unitech and The 3C Company in deliveries of their projects on time.
Recent government reforms like real estate law RERA, interest subsidy scheme for home buyers along with GST have helped improve housing demand in recent months, realty major DLF's Chairman KP Singh said
With the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.
Home buyers looking for bigger flats of avg 1,300 sq ft size in major cities, demand increased by 4%: Survey
According to the report, Hyderabad is making the most of its affordability advantage and registered the highest demand for bigger homes
Home buyers of Jaypee Infratech, debt-ridden subsidiary of Jaiprakash Associates, had moved the Supreme Court seeking relief in view of significant delays in completion of housing projects
Property consultant JLL India on Thursday suggested that additional tax incentive to first time home buyers should be doubled to Rs 1 lakh in the upcoming budget to boost sluggish housing demand