Page 4 - Homebuyers

Tax sops to help firms clear unsold housing units; boost demand: Realtors

For homebuyers, it is a clear added financial benefit to round off the existing offers and discounts

HDFC reduces its retail prime lending rate on housing loans by 0.10%

The change will benefit all existing HDFC retail home loan customers

Homebuyers in SC to frame model pacts to protect realty customers

A plea has been filed in the Supreme Court seeking direction to the Centre to frame model pacts for builder and agent buyers to protect customers and bring in transparency in the realty sector in tune with the Real Estate Regulatory Authority (RERA) Act 2016. The plea filed by 62 home buyers has also sought a direction to all the states to enforce ''Model Builder Buyer Agreement'' and ''Model Agent Buyer Agreement'' and to take steps to avoid mental, physical and financial injury to customers. The plea has made Ministry of Housing and Urban Affairs, DLF Southern Homes Pvt. Ltd.(Begur Omr Home Pvt Ltd) and Annabel Builders & Developers Pvt. Ltd as parties in the case. "Promoters, Builders and Agents use manifestly arbitrary one-sided agreements that do not place customers at an equal platform with them, which offends Articles 14, 15, 21 of Constitution. There have been many cases of deliberate inordinate delays in handing over possession and customers lodge complaints but police ...

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

Paying six per cent interest on flat cost for delay a huge burden: Realtors

While developers say it will be a huge burden for them in addition to penalties under RERA, other experts suggest the apex court verdict would be beneficial for buyers

More homebuyers want budget-friendly apartments due to Covid-19: Realtors

The younger generation was moving towards urban locations and giving up the 'paying guest' concept of sharing living space with others

Release stalled loans to Amrapali Group homebuyers: SC tells banks

The top court's order came on an application filed by court receiver senior advocate R Venkataramani, who has been appointed as a custodian of properties of Amrapali Group

Homebuyers enjoy clear-cut financial gain with deferred payment plans

Ensure the price isn't higher than a construction-linked plan

With attractive deals, real estate becomes buyers' market amid Covid-19

Potential buyers face risks on two counts. The first is a possible salary cut or even job loss

Emaar MGF found guilty of profiteering, to refund Rs 13 cr to homebuyers

The National Anti Profiteering Authority has ruled that the realty firm has benefited from additional input tax credit

Are ready-to-move-in properties best bet for homebuyers amidst slowdown?

On an average it took six-and-a-half years for large-sized projects of more than 500 units to be completed in the country, according to Anarock Property Consultant

Unitech takeover: Despite IBC and RERA, homebuyers find no relief

Analysts point out the RERA, too, has not been able to stem the litany of woes faced by homebuyers in financially stressed projects

SC accepts Centre's proposal to take over management control of Unitech

The bench, also comprising Justice M R Shah, granted 2-month moratorium to the new board from any legal proceedings against the company's management.

MCA unearths Rs 700 cr scam in Unitech, says funds diverted to 16 shell cos

Company believed to have siphoned off huge amounts of money to various shell companies

Homebuyers tilt towards branded players despite slowdown in real estate mkt

According to PropEquity, 600 mn sq ft of projects at a pan-Indian level are stuck. This accounts for 50 per cent of the unsold inventory in terms of units

R.I.P. interest subvention scheme

The tripartite agreement between the housing finance company (HFC), the developer and the buyer is loaded against the buyer

WIll SBI's loan revive trust?

In SBI's scheme, the buyer pays only the down payment. The developer pays the interest during the construction period

State Bank to provide guarantee to homebuyers on completion of projects

This cover will be for SBI funded residential projects and those availing home loan for SBI

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder and asked the Centre to file an affidavit taking the corrective measures

Homebuyers' body writes to PM Modi to stop proposed IBC amendment

Opposing the proposed move, the association said an accused developer can not be allowed to decide in which court they should be dragged by his victim just to suit his comfort