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FLAT BUYERS TAKE BATTLE FOR RIGHTS TO SUPREME COURT

FLAT BUYERS TAKE BATTLE FOR RIGHTS TO SUPREME COURT

Petition challenges constitutional validity of some sections of bankruptcy law, saying they deprive buyers of a mechanism to recover their money. Flat buyers fighting to save a stalled project of Orbit Corporation in Lower Parel have challenged the constitutional validity of certain provisions of the bankruptcy law, which they say leaves them without any means […]

Maha RERA makes only developer, not land owner, answerable to homebuyers

Maha RERA makes only developer, not land owner, answerable to homebuyers

Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers Maharashtra Real Estate Regulatory Authority (MahaRERA) has withdrawn its office order making land owners equally liable as that of builders and developers under the Real Estate (Regulation and Development) Act, 2016, the Bombay […]

RERA has revived home sector demand

RERA has revived home sector demand

SBI is seen to be among the major gainers from the government’s move to inject equity into state-run banks to enable them to lend more and spur economic activity. In an interview with TOI, Rajnish Kumar, the newly-appointed chairman of the country’s largest bank, talks about signs of change in the economic situation and expects […]

With RERA help, 2 home buyers get refund 3 yrs after cancelling booking

With RERA help, 2 home buyers get refund 3 yrs after cancelling booking

NAVI MUMBAI: After a complaint filed with Maharashtra Real Estate Regulatory Authority (MahaRERA), realty firm Nirmal Lifestyle Kalyan Pvt Ltd was on Monday forced to refund booking amounts for two flats in their project. What makes this case a rare one is that the refund has been made almost three years after the buyers had cancelled their bookings. Thane […]

HC sets 2021 deadline for builder in Powai

HC sets 2021 deadline for builder in Powai

MUMBAI: The Bombay High Court on Tuesday directed Lakeview Developers run by the Hiranandani group to construct around 2,398 affordable houses in Powai before June 1, 2021, according to the undertaking given by them. The developer will have to build around 887 flats of 861 square feet each and 1,511 flats of 430 square feet each.A specified number of flats would have […]

Happening hubs

Happening hubs

Undri-Pisoli belt is getting lots of focus from the homebuyers due to the availability of homes within their budgets. Pune’s outskirts are growing at a faster pace. They sport a new look with sound civic infrastruc ture and good residential project. Ample availability of land sets Pune apart. With the residential realty market in the […]

Beyond your city – The talking point – Talegaon

Beyond your city – The talking point – Talegaon

Talegaon’s journey from being a second home destination to a prime residential hub is noteworthy. Located around 40 kilometres from Pune, Talegaon was an erstwhile second home destination, thanks to its scenic beauty. However, in the last couple of years, it has emerged as a prime residential hub. The area gradually started witnessing growth with […]

5 things NRI buyers must know about home loan

5 things NRI buyers must know about home loan

An NRI or a non-resident Indian can easily take a loan from any of the lenders in India for buying a property in the country. 1) A resident Indian as a co-applicant or a co-borrower or a co-owner of the property should be a part of the application that is to be submitted 2) The minimum age […]

Insolvency rules tweaked, home buyers get cover

Insolvency rules tweaked, home buyers get cover

NEW DELHI: The Insolvency & Bankruptcy Board of India has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interest of all stakeholders. This move is aimed at protecting the interests of home buyers of real estate players such as Jaypee Infratech+ and some of the entities […]