Homebuyers

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Homebuyers - Total results - 59
About 90% of prospective homebuyers see correction in property prices post-lockdown: Survey
Business

About 90% of prospective homebuyers see correction in property prices post-lockdown: Survey

According to the survey, 40% of the total prospective homebuyers, who were searching flats for purchase before lockdown, have postponed their plan while 60% are still keen to buy within the next 12 months.

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score
Business

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above

NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee
Business

NCLAT gives conditional go-ahead to NBCC for acquiring Jaypee Infratech; asks IRP to form interim monitoring committee

In its bid, the NBCC had proposed to complete over 20,000 pending flats in housing projects launched by Jaypee Infratech in Noida and Greater Noida (Uttar Pradesh).

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats
Business

NBCC gets NCLT nod to acquire debt-laden Jaypee Infratech; state-run firm to complete about 20,000 pending flats

NBCC's proposal was approved by the lenders in the third round of bidding process to find a buyer for Jaypee Infratech.

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law
Business

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law

Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted

Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sector
Business

Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sector

Industry chamber CII on Thursday urged the government to increase tax benefits for homebuyers to boost demand in the liquidity-hit real estate sector

NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra
Business

NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra

Housing and Urban Affairs Secretary Durga Shanker Mishra on Tuesday launched realtors' body NAREDCO's e-commerce platform for marketing of completed residential units and said the portal has potential to become "Amazon of Indian real estate"

India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies on housing market: Fitch
Business

India's buildings sector to expand by 6.6% next year driven by fiscal support, govt policies on housing market: Fitch

With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short-term.

Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm
Business

Jaypee Infratech insolvency: Lenders, home buyers approve NBCC's bid to acquire debt-laden realty firm

Jaypee Infratech's financial creditors, including lenders and home buyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under the insolvency process, according to sources

Jaypee Infratech homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
Business

Jaypee Infratech homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process

Jaypee Infratech's homebuyers association has urged all flat owners and lenders to vote in favour of state-owned NBCC's bid to acquire debt-laden realty firm as the public sector firm has the experience to develop large projects and townships in the national capital region

Jaypee Infratech insolvency: Suraksha Realty hopeful of getting favourable vote of lenders, homebuyers
Business

Jaypee Infratech insolvency: Suraksha Realty hopeful of getting favourable vote of lenders, homebuyers

Mumbai-based Suraksha Realty on Monday expressed confidence that bankers and home buyers will vote in favour of its bid to acquire bankrupt realtor Jaypee Infratech, saying that the company has substantially improved its resolution plan to maximise the value for financial creditors

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers
Business

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers

Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers to make its final resolution more lucrative for financial creditors, sources said

Real estate sector revival: Property market set for modest lift from govt's stimulus measures: Poll
Business

Real estate sector revival: Property market set for modest lift from govt's stimulus measures: Poll

The volume of cash transactions in India’s real estate sector remains very high

Jaypee Infratech insolvency: Lenders discuss NBCC, Suraksha Realty bids; to meet again in November last week
Business

Jaypee Infratech insolvency: Lenders discuss NBCC, Suraksha Realty bids; to meet again in November last week

Lenders of Jaypee Infratech's on Monday discussed the bids submitted by NBCC Ltd and Suraksha Realty to acquire the debt-ridden firm in an insolvency process, and decided to meet again in November last week to negotiate with the two contenders, sources said

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects
Business

Realty stocks jump up to 8.2% on Rs 25,000-cr fund booster to complete 1,600 stalled housing projects

Realty stocks closed up to 8.2 percent higher on Thursday after the government approved a Rs 25,000 crore fund for 1,600 stalled housing projects, which is expected to jumpstart consumption and give a boost to real estate and allied sectors

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt
Business

Homebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects facing litigation in higher courts: Govt

A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers
Business

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers

Deloitte partner Rohinton Sidhwa said getting stalled real estate projects moving through government-sponsored funding will breathe life into the housing market.

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects
Business

Nirmala Sitharaman announces Rs 25,000 cr bailout fund to complete over 1,600 stalled housing projects

In a major boost to the housing and real estate sector, the government on Wednesday approved setting up of a Rs 25,000 crore bailout fund to finance 1,600 stalled housing projects, the Finance Minister Nirmala Sitharaman said

Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work
Business

Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work

Real estate cartels have been artificially keeping the rates high for too long creating a stalemate in the sector.

Firstpost Editor's Picks: Modi kicks off Maha poll campaign, e-cigarette ban, teaser loans; today's must-read stories
India

Firstpost Editor's Picks: Modi kicks off Maha poll campaign, e-cigarette ban, teaser loans; today's must-read stories

Firstpost Editor's Picks: Narendra Modi kicks off Maharashtra poll campaign in Nashik, e-cigarette ban, teaser loans, review of Netflix series Unbelievable; today's must-read stories