Page 2 - Homebuyers

Supreme Court allows CBI to file 6 more cases in homebuyers' fraud probe

A three-judge Bench of Justices Surya Kant, Ujjal Bhuyan, and N K Singh passed the order after Additional Solicitor General (ASG) Aishwarya Bhati, appearing for the CBI

Gurugram realty co diverted ₹205 cr homebuyers' fund for Colombo hotel: ED

A Gurugram-based realty group collected more than Rs 500 crore from home buyers in the name of giving them housing plots but cheated them and "diverted" about Rs 205 crore out of these funds for a hotel project in Sri Lanka, the ED has alleged in its chargesheet. The federal probe agency is investigating a number of homebuyers "fraud" cases across the country under the anti-money laundering law. A good number of them have been registered in the national capital region (NCR) owing to the booming sector here. This particular investigation pertains to a realty company named Krrish Realtech, its promoter Amit Katyal and some others. Katyal was arrested by the ED in 2023 in a separate money laundering case related to the railways alleged land-for-jobs scam involving RJD chief Lalu Prasad, his wife Rabri Devi and other family members. The Gurugram zonal office of the ED filed a chargesheet against the group and its promoters in July and the local special Prevention of Money Laundering Ac

Docs to delayed complaint: Why homebuyers lose legal fight against builders

Another reason for buyers weakening their own case is making inflated or unrealistic claims

Lower home loan EMIs spark increased buyer interest amid repo rate cuts

House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25)

Housing sales drop 20% in Q2 despite value gains, premium demand holds firm

Home sales across major cities in India declined in Q2 2025, but value rises 1% to ₹1.47 trillion amid a sharp shift toward high-end and luxury housing, says Anarock's residential market report

Average apartment loading grows in top cities amid demand for amenities

The loading factor grows to 40 per cent in Q1CY25, from 31 per cent in 2019

Homebuyers should reject possession without OC, seek legal recourse

NCDRC finds Hamilton Heights guilty of unfair practice for giving possession without occupancy certificate; legal experts urge buyers to refuse handover in such cases

SC asks CBI to probe 'unholy nexus' between builders & banks in Delhi-NCR

'Homebuyers are made to cry', observes the Supreme Court. Homebuyers' complaints prompt top court to mandate seven investigations by the Central Bureau of Investigation, starting with Supertech

IBBI revises insolvency rules to support homebuyers in resolution process

The Insolvency and Bankruptcy Board of India has amended rules to allow distressed homebuyers to take possession of their properties while the resolution process is ongoing. The amendments, notified on February 3, and effective immediately, aim to enhance efficiency in insolvency proceedings, particularly for real estate projects, by introducing measures such as appointing facilitators, involving land authorities in the process, and ensuring better monitoring of resolution plans, according to an official release. The Insolvency and Bankruptcy Board of India (IBBI) has amended rules governing the corporate insolvency resolution process. One of the important changes empowers resolution professionals after obtaining approval of the Committee of Creditors and upon fulfilment of all obligations can now hand over possession of plots, apartments, or buildings to the homebuyers while the resolution process is still ongoing, the IBBI said. This move is expected to ease the long delays often

Homebuyer awarded Rs 2.26 cr for 10-year delay in flat possession

Haryana RERA's order in case underscores the legal obligations of real estate companies and homeowners' rights, say legal experts

Homebuyers' body urges govt action on misleading real estate advertisements

The Forum for People's Collective Efforts has urged the Ministry of Consumer Affairs to implement stricter guidelines and enforce penalties for non-compliance with advertisement guidelines

SC asks Greater Noida authority for proposal to resolve homebuyers' issues

Considering the plight of the hassled homebuyers, the Supreme Court on Tuesday asked the Greater Noida Industrial Development Authority (GNIDA) to submit a proposal for grievance redressal and imposed Rs 5 lakh cost on it for failing to file a timely response. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar expressed dissatisfaction over the approach of GNIDA and said, "You are responsible for the mess. Of course, developers made money from the homebuyers. But that does not condone your acts. The bench said it may order a CBI probe into the whole "mess" if the GNIDA did not come up with a plan to redress the grievances of the homebuyers. "You come up with a plan in 10 days otherwise we will order a CBI investigation...You will have to ensure that interests of homebuyers are safeguarded. You are also part of the problem. You allowed this mess to be created, the CJI said. The bench suggested the GNIDA to take over the entire land, develop the projects and give

Insolvency law must protect homebuyers, avoid complex resolution process

A more effective solution would be to adopt the waterfall mechanism from the FSC framework, which prioritises the interests of customers over those of other claimants

Most urban Indians aspire to own homes, prefer home loans: Report

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

Tata Housing announces Independence Day offers to potential customers

Tata Housing Development Company on Wednesday announced Independence Day offers, including lower stamp duty and freebies, for potential customers in some of its projects across India in order to boost sales amid strong demand. In a statement, the company said it is providing exclusive Independence Day offers for its prestigious luxury projects in the South and West regions of India. "Tata Housing is leveraging this period of high demand to offer substantial financial benefits such as reduced stamp duty fees to make homeownership more attainable and rewarding for buyers during this festive season," the company said. In the Western region, Tata Housing's 'Serein' project in Thane is offering a substantial saving of up to Rs 19 lakh on stamp duty. At the same time, Tata Housing's 'Amantra' in Kalyan, is providing its homebuyers with savings of up to Rs 4 lakh on stamp duty for the first 25 units. Furthermore, Tata Value Homes, 'Sense 66' in Pune presents flexible payment plans. In t

Budget pinches homebuyers, earns praise of real estate developers

The Union Budget 2024-25 has left homebuyers disappointed, as it did not address concerns like high interest rates on home loans and the annual increase in stamp duty charges, while real estate developers lauded the Budget. Apartment Owners Associations in Noida and Greater Noida in the national capital region believe revoking indexation benefits in property deals will be a big setback for homebuyers. "This budget has left homebuyers disappointed, with no specific provisions or reliefs offered for them. Despite the high interest rates on home loans and the annual increase in stamp duty charges, the budget did not address these concerns," said Abhishek Kumar, president of Noida Extension Flat Owners Welfare Association (NEFOWA). Noida along with Greater Noida adjoining Delhi in the national capital region has thousands of distressed homebuyers and stuck housing projects. Rajiva Singh, president of Noida Federation of Apartment Owners Association (NOFAA) believed the budget revoking

Dispute with builder about parking space? Have a look at MahaRERA new order

It specifies the type, size, and place where parking is booked should be mentioned in the flat allotment letter

Jaypee Infratech's stalled Wish Town leaves homebuyers in the lurch

Homebuyer's appeal to be heard by NCLAT if the two bodies do not reach settlement by April 18

Relief to homebuyers: Allotted houses to stay out of liquidation, says IBBI

12 key changes to overall regulations introduced to ensure transparency

Tech continues to lead; diversification shapes demand in real estate sector

By the end of 2023, office leasing space is expected to cross 50 million sq ft according to CBRE's 2023 Real Estate Overview and Outlook