SC orders release of Rs 7.16 crore to NBCC for completion of pending Amrapali projects
SC has also ordered the that the report of the forensic audit be submitted to the ED, Delhi Police and ICAI so that strict action can be initiated against Amrapali group directors and its auditors.
Aug 26, 2019, 13:07 PM IST
SC extends status quo on Jaypee insolvency resolution
On August 2, the Supreme Court ordered status quo for two weeks on Jaypee Group's plea against NCLAT's order after it was informed that Parliament had passed the proposed amendments in the Insolvency
Aug 23, 2019, 09:54 AM IST
Relief for Amrapali Sapphire flat buyers, Noida authority begins registration process
Supreme Court appointed receiver R Venkatramani along with the Amrapali Sapphire homebuyers and Noida authority will formulate a tripartite lease deed.
Aug 21, 2019, 13:40 PM IST
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
