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