Real Estate News

All PMAY houses to be sanctioned by March 2020

All PMAY houses to be sanctioned by March 2020

Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event.

Aug 21, 2019, 11:59 AM IST
Gardenia Gateway builder mortgages sold out flats, Bank serves notice to flat buyers

Gardenia Gateway builder mortgages sold out flats, Bank serves notice to flat buyers

Senior Superintendent of Police (SSP) has asked Superintendent of Police (SP) crime branch to conduct an enquiry in the matter.

Aug 14, 2019, 17:37 PM IST
Relief for buyers as SC orders Noida Authority to start registration of Amrapali flats

Relief for buyers as SC orders Noida Authority to start registration of Amrapali flats

The apex court also warned that the officers of both the Authorities will be sent to jail if there is any delay on their parts in handing over possession of flats to buyers.

Aug 13, 2019, 11:28 AM IST
FM meets realty stakeholders, discuss liquidity, stalled projects

FM meets realty stakeholders, discuss liquidity, stalled projects

Niranjan Hiranandani, the President of National Real Estate Development Council (NAREDCO), said that the issue of ways to use stress funds for financing stalled projects was discussed.

Aug 12, 2019, 15:19 PM IST
Housing Ministry institutes PMAY(U) awards for beneficiaries

Housing Ministry institutes PMAY(U) awards for beneficiaries

This award is in addition to CLSS Award for recognising the contribution of PMAY (U) Banks and Housing Finance Companies, the Housing ministry said.

Aug 07, 2019, 12:43 PM IST
Jaypee homebuyers still hoping for dream houses

Jaypee homebuyers still hoping for dream houses

The National Company Law Appellate Tribunal (NCLAT) on Tuesday extended the resolution period of debt-ridden Jaypee Infratech for another 90 days.

Aug 01, 2019, 12:17 PM IST
Should NBCC complete pending projects? SC seeks Unitech homebuyers suggestions

Should NBCC complete pending projects? SC seeks Unitech homebuyers suggestions

Posting the matter for  next hearing for August 9 the SC said that Unitech home buyers can send in their suggestions it to Amicus Curiae via email  by August 8.

Jul 29, 2019, 18:00 PM IST
Govt approves construction of 1.40 lakh more houses under PMAY

Govt approves construction of 1.40 lakh more houses under PMAY

Under the approved houses, Uttar Pradesh has got 54,277 houses, West Bengal 26,585, Gujarat 26,183, Maharashtra 8,499, Assam 9,328, Chhattisgarh 6,507, Rajasthan 4,947 and Haryana got 3,808 houses

Jul 26, 2019, 12:34 PM IST
SC rap for Amrapali Group, big relief for 42,000 home buyers

SC rap for Amrapali Group, big relief for 42,000 home buyers

Canceling Amrapali's Real Estate Regulatory Authority (Rera) registration, the apex court has asked state-run NBCC to complete pending projects of Amrapali Group.

Jul 23, 2019, 11:50 AM IST
SC asks Centre to examine ways to protect homebuyers

SC asks Centre to examine ways to protect homebuyers

A bench of Justices A.M. Khanwilkar and Dinesh Maheshwari made the recommendation while hearing a plea filed by Chitra Sharma, an aggrieved homebuyer of Jaypee Infratech Ltd (JIL).

Jul 09, 2019, 17:50 PM IST
Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

Budget 2019: Additional deduction of up to Rs 1.5 lakh for interest paid on home loans borrowed up to March 2020

A person purchasing an affordable house will now get an enhanced interest deduction up to Rs 3.5 lakh.

Jul 05, 2019, 14:27 PM IST
RBI to regulate housing finance firms, review assets

RBI to regulate housing finance firms, review assets

The housing finance companies, which are part of the broader shadow banking sector known as non-banking finance companies (NBFCs), are currently regulated by the National Housing Board, and the

Jul 03, 2019, 17:52 PM IST
PE investment in real estate up 26% at Rs 28,000 cr during Jan-Jun 2019: Report

PE investment in real estate up 26% at Rs 28,000 cr during Jan-Jun 2019: Report

PE inflows from foreign investors increased 28 per cent during the first six months of the 2019 calendar year.

Jun 26, 2019, 16:48 PM IST
Govt to launch integrated RERA website, all state RERA to come under single platform

Govt to launch integrated RERA website, all state RERA to come under single platform

The move is aimed to give single page-single click information to home buyers across the country which will help them get know all the current updates regarding housing sector.

Jun 25, 2019, 16:57 PM IST
Realty companies post robust sales despite sectoral slowdown in FY19

Realty companies post robust sales despite sectoral slowdown in FY19

Top 10 listed entities sold nearly 32.19 million sqft, registering a robust 44 percent growth over the previous year.

Jun 20, 2019, 10:35 AM IST
Bengaluru among 10 cities to attract maximum cross-border investments in APAC: CBRE

Bengaluru among 10 cities to attract maximum cross-border investments in APAC: CBRE

India was among the top five preferred markets in APAC with the launch of the first Real Estate Investment Trust (REIT) and the resulting improved market transparency, the consultant said in its Asia

Jun 19, 2019, 16:25 PM IST
Budget 2019: Realty sector wants industry status, more bank funds, ITC benefit in GST

Budget 2019: Realty sector wants industry status, more bank funds, ITC benefit in GST

From April this year, the government has withdrawn the ITC benefits, but reduced GST rate to 1 per cent from 8 per cent for affordable housing.

Jun 14, 2019, 11:49 AM IST
Union Budget 2019: FM may announce big tax relief on home insurance

Union Budget 2019: FM may announce big tax relief on home insurance

Sources further said that relief may be given in income tax to home buyers who take housing insurance. Such rebate or concession may be given to those in the affordable housing sector.

Jun 13, 2019, 16:29 PM IST
Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

Home loan customers can opt between Repo rate-linked and MCLR-linked loans: SBI MD PK Gupta

He added, in case of repo rate-linked home loan, you must repay a minimum 3 per cent of the principal loan amount every year.

Jun 12, 2019, 12:23 PM IST
Rate cut to boost housing demand if banks pass on benefit to customers: Realtors

Rate cut to boost housing demand if banks pass on benefit to customers: Realtors

The RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 per cent.

Jun 07, 2019, 11:09 AM IST