Home Buyers

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Home Buyers - Total results - 59
COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
Business

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

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
Business

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 Sitharaman�s 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
Business

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.

How the PMAY CLSS Scheme is helping home buyers
Life

How the PMAY CLSS Scheme is helping home buyers

The millennial generation aspires to buy a home just as their parents and grandparents before them did.

Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
Business

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
Business

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
Business

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.

Supreme Court refuses bail to Unitech promoters in a case relating to siphoning home buyers' money
Business

Supreme Court refuses bail to Unitech promoters in a case relating to siphoning home buyers' money

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

RBI monetary policy: Realty sector says unchanged repo rate to boost home buyers
Business

RBI monetary policy: Realty sector says unchanged repo rate to boost home buyers

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
Business

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.

Supreme Court action against Amrapali directors sends the right message to home buyers
Business

Supreme Court action against Amrapali directors sends the right message to home buyers

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
Business

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

Auditor who exposed Harshad Mehta scam to carry out forensic audit of Amrapali Group
Business

Auditor who exposed Harshad Mehta scam to carry out forensic audit of Amrapali Group

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

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri
Business

Government committed to resolving problems of home buyers: Union minister Hardeep Singh Puri

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.

RERA, other govt reforms helped improve housing demand in recent months, says DLF chairman KP Singh
Business

RERA, other govt reforms helped improve housing demand in recent months, says DLF chairman KP Singh

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

IBBI amends norms, notifies procedures for home buyers under insolvency proceedings
Business

IBBI amends norms, notifies procedures for home buyers under insolvency proceedings

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
Business

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

Jaiprakash Associates will submit a plan in Supreme Court to protect home buyers' interests
Business

Jaiprakash Associates will submit a plan in Supreme Court to protect home buyers' interests

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

Budget 2018: Property consultant JLL seeks bigger tax sops for first time home buyers
Business

Budget 2018: Property consultant JLL seeks bigger tax sops for first time home buyers

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