Page 6 - Homebuyers

Homebuyers' body urges PM to include non-RERA projects in Rs 25k-cr fund

The Real Estate (Regulation & Development) Act, which became effective from May 2017, provides for setting up of regulators in each state.

Aggrieved HDIL home-buyers seek PM Modi intervention to resolve distress

A group of aggrieved home buyers of the scam-hit realty developer HDIL have written to Prime Minister Narendra Modi seeking his intervention to resolve their distress. The Whispering Towers Flat Owners Welfare Association, representing over 450 home-buyers of the HDIL project in suburban Mulund, have in a letter dated September 1, to Modi said they are seeking his intervention as a last resort. According to the letter, over 450 families have paid around Rs 350 crore to the now bankrupt HDIL but the project has been stuck since the past nine years. "The project was launched in 2010 and bookings were accepted since then. But,in the past nine years,only 18 floors of the 46 storeyed-tower have been built, while work has not even started on the second phase,"the association said. Shyam Chittari, a member of the association, has posted the letter on his twitter account. The letter claims HDIL had taken Rs 175 crore from Allahabad Bank, J&K Bank and Syndicate Bank for the ..

Homebuyers may have to shell out more for parking space, other services

The ruling may trigger fresh debate on the issue, experts said

Govt may set threshold for homebuyers to prevent misuse of IBC provision

Corporate Affairs Secretary Injeti Srinivas said the personal insolvency regime would be fully operational in one year

Builders welcome govt's move to revive stalled projects, seek more funds

Measures not enough to encourage buyers, claim real estate players

SC seeks homebuyers, NBCC suggestion on Amrapali unsold inventory

Top court to next hear the matter on October 4, seeks govt suggestion on how GST will be charged

Buyers beware, you can lose your property if the developer defaults

If the builder has defaulted to a lender and the latter wants to take possession of the property, homebuyers should approach debt recovery tribunal for a stay order

Jaiprakash Associates fined Rs 14 cr for 'undesirable industry practices'

Under the Competition Act, complaints filed under a certain section cannot be withdrawn

SC upholds homebuyers' status as financial creditors in insolvency law

Apex court asks government to fill vacancies in NCLT, NCLAT and RERA within three months, submit status report

Developers brace for another storm as SC gives relief to homebuyers

According to industry sources, the verdict will make things difficult for a host of developers

Tale of the treacherous trio: How Amrapali owners diverted homebuyers money

The promoters had diverted over Rs 5,000 crore through bogus methods like loans and advances between group firms at inflated rates and unaccounted transfer of funds to the promoters.

Don't fall for under-construction stock, ready-to-move homes a better bet

With banks saddled with NPAs, NBFCs had stepped into the breach

Home projects hit after NHB asks HFCs to stop financing subvention schemes

Industry sources say there will be an immediate and long-term impact

Number of real estate developers in top 9 cities halved after note ban

Demonetisation, RERA and GST have helped consolidation in the sector

Homeowners in India roll up sleeves to complete their unfinished flats

"We never in our wildest dreams imagined one day we would take on the functions and the role of a developer," said Vazirani, 45, who bought the two-bedroom unit before construction started

Scrutinise builder-buyer agreement before signing it, say experts

Buyers in states where RERA Authority is less effective need to be especially watchful

Homebuyers treatment as financial creditor: Builder loans may get costlier

Residential real estate developers will feel the pinch when it comes to funding

Planning to buy a flat? Understand the law of limitation on possession

When possession is delayed, there is a continuing wrong. A buyer would be entitled to approach the consumer forum at any point of time

Harassed homebuyers stop paying EMIs

Experts say move to make matters worse for buyers

Interests of homebuyers to be protected: P P Chaudhary

Govt is willing to ease buyers' pain