Maharashtra Govt invites private builders to partner MHADA for Affordable Housing
MHADA will be picking up equity in these projects and facilitate faster approvals apart from additional support to the project. The modalities for these alliances will be finalised soon, he said at the CII real estate conference. Dubai-based listed realty developer Emaar Group has reached out to the government for the project.
Kerala-RERA gets complaints against 100 builders
K-Rera has scheduled hearings in February for both the complainant and the respondent. Offic...
EaseMyTrip, Puranik Builders & 2 others get nod for IPO
EaseMyTrip.com plans to float a Rs 510 crore initial public offering (IPO).
How Bengaluru is bucking India's realty downtrend
With rising sales backed by rising consumer demand, India’s Silicon Valley has seen the overhang of residential inventory declining to 15 months by the end of the last quarter of 2019 from 17 months in the last quarter of 2018. The overall unsold stock has also declined by 14% during the period — the maximum among top cities, Anarock data showed.
Maradu demolition: Land to remain with builders, sources say
Days after Maradu demolition, government clears the intent. The State government won't take the Maradu land. Four months after the Supreme C...
Builder told to either refund money or hand over flats
The total value of the said flats was Rs 42 lakh, of which the collective payment was made to the tune of Rs 27.11 lakh, Sarjine said. The forum also directed the builder to pay the compensation ranging from Rs 30,000 to Rs 1 lakh for causing mental and physical harassment, and Rs 10,000 each towards litigation charges to the complainants, Sarjine said.
Free legal assistance for distressed homebuyers from February 1
In the logjam between builders and homebuyers, the advocates of the Bar Association-run Legal Aid Cell will assist those in need of help.
Maradu flats compensation: Owners asked to submit documents
The flat owners have been asked to submit the proforma 3, along with the documents, for determining the balance amount, besides the compensation of Rs 25 lakh payable to them since the terms of the committee will expire on March 10.
Start work or pay Rs 1 crore fine a day, H-Rera tells Greenopolis builders
The Haryana Real Estate Appellate Tribunal had earlier rejected developers’ plea to stay the order passed by H-Rera in January last year, where H-Rera imposed a penalty on the developers and attached 10 acres of their land for not completing the project on time.
SBI to refund home loan borrowers if builder delays project
The scheme can be availed for projects where the maximum home price is upto Rs 2.5 crores.
Few will be able to avail SBI's new home finance 'buyer guarantee' scheme: Here's why
SBI's new scheme is applicable for under-construction housing projects but it is highly exclusive, here's why.
Builder blames delayed rent by India for missed debt payment
Peninsula used its own resources to pay the loan and “regularized” the account, the company said.
Mumbai builder to pay Rs 2 crore for not delivering flats
The order has come from National Consumer Commission which asked Mumbai based developer and firm's director to pay compensation where the buyer had not delivered the flat.
Puravankara, builders to take up stuck projects
“We have reached a critical level in our focused markets but will continue to expand. Puravankara has identified Pune and Mumbai as the top 5-6 core cities that will be growth accelerators for the company across India,” said Abhishek Kapoor, COOresidential, Puravankara, adding, “Going ahead, Bengaluru, Hyderabad, Chennai, Mumbai and Pune will be our focus markets.”
HFCs double their share in builder loans over 4 years
Public sector banks’ exposure to the segment nearly halves since 2016
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