Willing to fund stalled Amrapali Group projects: SBI Cap
According to the counsel, the receiver informed the court that UCO Bank is also interested in becoming part of an arrangement proposed by SBI Caps, through a joint funding arrangement.
Consider infusing Rs 500 crore in Amrapali projects: SC to government
The receiver urged the top court to direct the home buyers to deposit t...
Amrapali flats: SBI Capital told to give funds
The bench said it is the court which has taken on the task to complete the projects, which pre...
Lockdown: UP-RERA invokes 'force majeure', builders get 6-month extension to complete projects
The six months extension will also be provided to such projects that have already availed one-year extension as provided in the RERA Act on or after March 25. UP RERA Secretary Abrar Ahmed said no fees will be charged from the promoters for the extension.
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.
Realty hotspot series: Average price of 3-BHK in this Mumbai suburb is Rs 62 lakh
ET Wealth takes a look at localities that lie beyond Mira Road in Mumbai. These include areas such as Naigaon, Nalasopara, Vasai, and Virar.
Centre will take a call on realtors' demand in a week
National Real Estate Development Council (Naredco) has put forth these demands to the housing ministry at a time when Covid-19 has dealt yet another body blow to the residential real estate market with project delays.
MahaRERA invokes force majeure to provide relief till September 15
Experts say developers should not use the provision to delay rent to buyers in redevelopment projects.
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.
NCR realty developers request RERA authorities to set aside penalty orders
Maha-RERA had extended the validity of registration of projects by three months, effectively pushing back the deadline to complete projects. With mass exodus of labourers, developers fear mobilising construction workers to resume work would be a major challenge.
Credit-linked housing subsidy scheme for middle income group extended to March 31, 2021
Ever since its implementation in 2017, the CLSS scheme has already benefitted over 3.3 lakh families and the extension will further aid many more families to avail housing under this scheme.
No registration fee, stamp duty for first sale of apartments in Tamil Nadu
The move comes in the wake of some sub-registrar offices demanding to register the apartments attracting stamp duty and registration fee. However, it is applicable only on the first sale of the property.
MahaRERA: Buyers to decide fate of incomplete projects
The promoters, who have failed to meet the deadline after the first extension, would not be able to sell or advertise any of their projects. On the other hand, consumers would not be able to register their properties because the RERA registration would lapse.
EY lists recommendations to revive real estate post COVID
EY said that developers will now have to aggressively invest in building seamless end-to-end digital journeys for customers, employees and channel partners.
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.
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