Consider infusing Rs 500 crore in Amrapali projects: SC to government
The receiver urged the top court to direct the home buyers to deposit their outstanding installments as per the cash flow mentioned in the project brief within three months from the date of publication on the receiver's blog/website.
MahaRERA invokes force majeure to provide relief till September 15
Experts say developers should not use the provision to delay rent to buyer...
Home buyers in Hyderabad seek discounts, easy payment schedules
Industry insiders say that they are already receiving feelers about an upward...
Homebuyers’ body FPCE, MP Rajeev Chandrasekhar oppose 6-month extension for project completion
Among the state authorities, Maharashtra, Karnataka and Uttar Pradesh have extended the project completion deadlines by 3 months, while Madhya Pradesh and Tamil Nadu has extended the same by 6 months.
MahaRERA to hear only urgent cases during lockdown
This will be done with all staff working digitally during this period. The working of MahaRERA from May 18, will be decided only after further review and subject to further directions from state and central government, the regulator said in a statement.
COVID-19 impact: Most prospective homebuyers prefer reputed pvt builders, govt authorities
"COVID-19 has changed buyer preferences with more people now preferring risk-free investments. 62 per cent prospective buyers prefer to buy a home from leading developers with least project execution risks even if the property is relatively higher priced," Anarock said in a report.
Noida, Ghaziabad authorities give relief to home buyers on dues, EMIs
While the Greater Noida Authority has decided to extend all its settlement schemes, the Ghaziabad Development Authority (GDA) has decided to not levy interest on people who are unable to pay EMIs till June 30.
Home sales down by 19% in Q1 2020: PropEquity Study
Real estate transactions in Q1 2020 primarily happened in January and February as the industry almost went standstill from March onwards.
Covid-19 impact: Real estate sentiments hit lowest level
The current lockdown has brought the industry to a standstill position and the recovery curve will depend on the fiscal stimulus rolled out by the government.
Covid-19 to dampen Indian real estate’s recovery over 6-12 months: Report
“With this recent pandemic outbreak, the real estate sector is likely to be handicapped in the short term, impacting over 250 related industries and economic sectors."
Real estate markets of Bengaluru and Pune to recover fast post COVID-19: Survey
Eight TIER-I cities witnessed an average price decline of around 4% but most of the home buyers in Bengaluru, Ahmedabad, Pune, and Chennai seemed certain about the variation in the prices due to this crisis.
The way forward: Where should you buy a house now?
Suburbs and tier 2 cities are likely to gather more interest if work from home becomes the norm in future.
Realty hot spot series: A well-connected locality in Delhi with all kinds of residential properties
This Delhi locality comprises of builder floors, group housing societies, DDA flats, etc. Properties here are priced between Rs 6,500 per sq ft and Rs 17,500 per sq ft. A 2-BHK costs an average of Rs 65 lakh and a 4-BHK costs Rs 1.66 crore.
COVID-19 impact: Mumbai region residential bookings down 78% in February, March from January
During these two months, total number of customer walk-ins dropped by almost 80%, while 7,766 confirmed scheduled site visits were cancelled due to COVID-19 in a span of 30 days.
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