The court directed authorities to handover a completion certificate to the flat buyers who are already residing in various projects of the group.
The ministry clarified the ceiling of Rs 7,500 per month per member shall be applied separately for those who own two or more flats in a housing society or residential complex.
Regulator blocks realtors’ route to incentivise customers. This move by NHB throws up a red flag about various subvention schemes promoted by some developers.
Lenders will stop offering loan products involving debt servicing by developers on behalf of borrowers.
New housing supply fell 47 per cent to 37,852 units in April-June 2019-20 across nine cities due to a liquidity crunch and general elections.
South Delhi's Saket is a premium micro-market comprising quality residential, high-end retail and commercial offices.
The marital status of the daughter is immaterial, and a married daughter has the same rights as an unmarried one.
Can the parents ask their children to move out? What about the legal claim over the property in that case? Find out
An application with these documents must be made to the property registrar to obtain duplicate copies of the sale deed.
NRIs typically invest in their home markets first, followed by key markets.
The company introduced residential projects with 10,000 flats, still has around 6,500 flats to deliver.
The counsel representing homebuyers’ expressed concern that Jaypee Infratech Ltd (JIL) going into the liquidation could deliver a blow to their hopes.
According to the data, office space leasing in Bengaluru rose to 5.52 million sq ft during April-June 2019, from 2.56 million sq ft in the year-ago period.
Flats in Wish Town were booked mostly between 2008 and 2009 and should have been ready by 2011-2012. However, the deliveries stopped after the first 5,000 units.
According to the assured rental scheme, a buyer starts getting rent from Emami Realty while staying in the apartment.
This developed micromarket is close to key business areas and educational institutions.
The latest report by a real estate research firm suggests that slack demand, huge inventories and stringent regulations have kept home prices low across major Indian cities.
The umbrella entity of affected landlords also alleged that the government was applying old tactics of divide and rule.
It also stated that the people selling these "fake forms" are also maintaining registers and noting down personal details of the buyers.
According to the Union housing and urban affairs minister, 20,125 complaints of home-buyers have been disposed off under the real estate law.
As the homebuyers urged the bench to pass an interim order to stop liquidation of the company, the bench assured them that their interests would be protected.
The RBI has been conducting the survey since July 2010 on housing loans disbursed by select banks/ housing finance companies (HFCs) across 13 cities.
In such cases, many people are left in the lurch if the sole complainant withdraws the case or reaches a settlement with the builder/accused.
CP, located in the heart of the national capital, was at the ninth position even last year.
Real estate companies have challenged the validity of Section 5(8)(f) of the IBC, 2016 which ensures inclusion of homebuyers as financial creditors.
The apex court, which was hearing a homebuyers matter related to Jaypee Infratech Ltd, said the issue concerns lakhs of flat buyers and the Centre should give a proposal to resolve it.
In its report, 'India Real Estate', UK-based property consultant Knight Frank studies 8 major cities and reveals the highest housing sales in NCR, lowest in Kolkata, West Bengal.
The apex consumer commission has said builders have to pay compensation and litigation cost to home buyers who seek refund.
Green Park is a premium micro-market in South Delhi. Not only does it boast of great metro and road connectivity, it also enjoys the presence of retail and social hubs.
There has been a massive consolidation with over 50 per cent of the total developers that existed in 2011-12 leaving the market by 2017-18, PropEqui
While buying property, investors have high aspirations in terms of returns. Be it residential or commercial, one must consider a long-term horizon for good returns.
Insurers can charge single or regular premiums and issue policies to banks desirous of covering the risk of death on the lives of borrowers.
Chief minister Devendra Fadnavis said the state decided to give a waiver in property tax only in Mumbai as the BMC is financially stable and can take the revenue hit.
The locality has a strong road network comprising 132 Feet Ring Road, 120 Feet Ring Road, 100 Feet Road, Netaji Road and Paldi Road.
According to a joint report by JLL-FICCI, co-working market already accounts for 12% of the office leasing market in the first quarter of CY2019 up
According to Mercer's 25th Annual Cost of Living Survey, Mumbai fell 12 spots and was ranked at the 67th position out of 209 cities surveyed.
The builders having been selling the apartments to families without assuring them of water availability.
Property tax portals of civic bodies are facing multiple glitches. While north and south civic bodies are witnessing technical issues, east corporation’s site had to be shut down.
Union housing minister Hardeep Singh Puri said so far more than 81 lakh houses have been sanctioned out of the validated demand for one crore dwelling units.
Under the RERA Act, all states are mandated to constitute their respective real estate regulator which provides proper protection to home buyers.
Lacking powers to enforce its orders, RERA has referred the cases to deputy commissioners of districts, asking them to auction properties of defaulting developers and pay out compensation.
The residential markets are coming out of a seven-year downturn and select micro-markets will bottom out in 2019 and 2020, Puri said.
Forum For People's Collective Efforts (FPCE) also demanded that home buyers should be categorised as primary secured creditors.
Greater Kailash is an affluent neighbourhood in South Delhi with premium residential and popular retail destinations. Upmarket shops, eateries are its key attractions.
India has the youngest population in the world, with approximately 18% of the 1.3 billion-strong population aged between 15 and 24 years.
NARDECO has suggested that a 10-year tax holiday be given to real estate developers on profits earned from rental housing.
Only 2.17 lakh units have been constructed in Maharashtra against the target of 19 lakh affordable houses by 2020.
This week, we look at Prahlad Nagar in Ahmedabad. With numerous properties available under all budgets, here is all that that makes this locality a realty hot spot.
The development cost or cost of construction of a project shall not include marketing and brokerage following the sale of apartments, states the latest amendment.
Amended RERA rules ensure there is more money available for completion of projects.