Page 3 - Homebuyers

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

As construction gets delayed, Chinese homebuyers refuse to pay mortgages

The payment refusals underscore how the storm engulfing China's property sector is now affecting the country's middle class, posing a threat to social stability

Amrapali homebuyers asked to pay Rs 200 per sq ft extra to meet shortfall

A separate fund, namely "Sinking cum Reserve Fund", has been made where all homebuyers of Amrapali Group would deposit the amount

Homebuyers in Noida-Greater Noida worst hit; 165,000 units stalled

Homebuyers who booked flats in housing projects in the Noida-Greater Noida property market are worst affected, with over 165,000 flats worth Rs 1.18 trillion currently stalled or significantly delayed

HDFC giants' merger is a joint-family deal made for a changing India

As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

RERA execution to improve post SC direction on studying states' rules: FPCE

Homebuyers' apex body FPCE expects the implementation of realty law RERA to improve following the Supreme Court's recent direction to the Centre to examine the rules framed by states.

Review of RERA rules likely to save home buyers from errant builders

As state after state diluted rules to regulate real estate, SC ordered a relook

Over 55% homebuyers expect housing prices to rise in 2022: Survey

Over 55 per cent respondents in a consumer survey, conducted by industry body CII and property consultant Anarock, expect housing prices to rise this year on higher input costs.

Homebuyers get respite as Delhi HC restrains coercive action on EMIs

The Delhi High Court has restrained banks and housing finance companies from taking any coercive action to recover EMIs from homebuyers over incomplete projects on a plea by a group of homebuyers.

Robust regulatory mechanism under RERA: Centre on builder-buyer agreement

The Centre has told the Supreme Court that a robust regulatory mechanism and draft 'agreement for sale' already exists under provisions of RERA, Real Estate (Regulation & Development) Act, to balance the rights and interest of homebuyers and promoters in an accountable and transparent manner.

Supertech homebuyers jittery after SC order on demolition of high-rise appt

Rashmi Bondre and her husband Manish Bondre had booked a flat in Supertech's Eco Village I housing project at Greater Noida in April 2010 and were promised possession of their home by 2012.

61% of mid income homebuyers feel prices to rise in next 1yr: Survey

Over 60 per cent of middle-income homebuyers in India expect prices of their primary residences to rise in the next 12 months, according to a survey by Knight Frank.

629,000 homes valued at Rs 5 trn delayed or stalled in top-7 cities: Report

These projects were launched in 2014 or earlier. Nearly 28% (about 173,730) of these units are completely stalled, the report said

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Mumbai has 4-fold jump in property registration in June as city eases curbs

Share of women homebuyers in new sales for residential property improves from 1.8 per cent in May to 4.7 per cent in June.

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

Delivery of 420k residential units may be delayed: Anarock report

Seventy-two per cent of the homes to be delivered by year-end have already been sold

Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers

Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan

100 homebuyers' nod must for IBC against realtor, says Supreme Court

The top court also clarified that a company which is facing insolvency proceedings under the IBC can move an insolvency petition against other companies which owe it money

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years