Home Buyers

While properties can be purchased in such auctions at a discount to market value, they carry the risk of hidden liabilities

Mumbai buyers remain confident thanks to strong fundamentals and long-term prospects

Age, risk appetite and financial discipline should shape a person's choice, according to Ruchita Vaghani

Homebuyers should understand RERA-based cancellation and refund rules before entering into a builder agreement, especially regarding earnest money and default timelines

Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. In October last year, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram. On Thursday, SPRE launched this new project -- The Dualis -- comprising 198 units, as part of its expansion plan to encash strong housing demand across major cities. "The project is poised to generate projected top-line revenues of over Rs 1,400 crore over the next five years," SPRE said in a statement. The project features two towers, each having a height of about 150 metre, with 198 apartments. The size of the flats ranges from 2,850 to 3,600 square feet. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate (SPRE) & Managing Director of Joyville Shapoorji Housing, said, "With 'The

Buyers with a limited budget should explore upcoming locations

Starting January 1, 2024, real estate agents are mandated to go through training, clear the test and register their certificate as stated by the Maharashtra Real Estate Regulatory Authority (MahaRERA)

Incorporating an annual 5-7% rent hike clause in rent agreement will ease concerns

A US man bought a foldable home from Amazon costing $26,000. Jeffrey Bryant shared a video which is viral on TikTok and was also shared on Twitter

Senior BJP leader Gopal Krishna Agarwal on Saturday highlighted the problems faced by home buyers, industries, and residents' bodies in Noida and Greater Noida, saying a more committed and focused approach was required to resolve their issues. Agarwal also pointed out the missing panchayati raj system of governance in several villages here and batted for its revival as he launched the 'Sankalp 2024: Vision Document', a white paper on the issues concerning Gautam Buddh Nagar Lok Sabha constituency and its possible solutions. "There are several problems that the residents of Gautam Buddh Nagar face, including home buyers, industrialists, residents' welfare associations, and apartment owners' associations," the BJP national spokesperson said at a programme in Greater Noida. "There is potential in the district... but when we talk about the problems of Gautam Buddh Nagar, then somewhere the matters get stuck at the level of all three local authorities. A more focused approach is needed t

Hong Kong's leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Chief Executive John Lee said the extra stamp duties imposed on non-resident buyers and current local homeowners looking to buy additional properties would be halved, making the first easing over the past decade since property cooling measures were introduced. In his annual policy address, Lee also unveiled plans to reduce stamp duty on stock transactions to 0.1% from 0.13%, saying a vibrant stock market is vital to upholding the city's status as a financial hub. After the easing of COVID-19 restrictions, Hong Kong's economy has begun to recover, fuelled by growth in tourism and private consumption. The city's economy expanded 2.2% in the first half of 2023 year-on-year and is expected to grow between 4% and 5% for the full year. However, the path to full recovery remains uneven, particularly with geopolitics tensio

The demand for ready-to-move-in apartments has doubled in the last six months, with inventory running low in many major markets

A meeting of a committee was held on June 19 to discuss issues related to "legacy stalled projects" in real estate

The move is intended to reassure home buyers while also providing a tailored debt resolution regime for the real estate sector

This is almost double the money spent by Indians to purchase homes in Dubai in 2021

According to experts, defaults in the real estate sector often pertain to specific projects instead of the whole group

Home prices across the top six cities are set to jump 6-10 per cent this fiscal and 3-5 per cent in the next financial year because of a steep rise in raw material, labour and land costs, and relatively favourable demand-supply dynamics, a report said on Thursday. The report by Crisil also said large residential realtors are on course to log a robust 25 per cent sales growth in 2022-23 and 10-15 per cent in the next fiscal. The unsold inventory level is down to 2.5 years from four years pre-pandemic, and this has credit profile of the large realtors strengthening, the report said. The agency expects residential prices to rise 6-10 per cent this fiscal and a further 3-5 per cent in the next across the top six cities due to the steep increase in raw material, labour and land costs. This, however, has not impacted demand for residences adversely, given a strong preference for larger homes as the hybrid working model continues in many sectors, it added. The top six realty markets are

The National Commission found that delay was caused due to submission of plans which were not in consonance with the statutory rules and regulations

The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure

Home buyers of a housing project of Raheja Developers on Saturday staged a protest outside the company's office here over delayed deliveries of their flats. Home buyers were demanding that the builder should either hand over the houses or refund the money. They alleged that buyers of the Raheja Revanta Project at Sector 78 are awaiting for the last five years for the delivery of their homes. The buyers alleged that even after taking 90 per cent of the money for the flat, they were being misled in the name of completing the project. The local police had also reached the spot. Arjun, the president of the association of Raheja Revanta Society, said the builder sold the flats in the name of the tallest project of Delhi NCR and Haryana. They bought flats for Rs 1 crore to Rs 5 crore. After discussions with builder Nayan Raheja, buyers and the developer agreed to hold a meeting every three months. A spokesperson of Raheja Developers in a statement said that they are aggressively taking