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homebuyers

Changes required in Income Tax law to benefit homebuyers; check what experts think

Changes required in Income Tax law to benefit homebuyers; check what experts think

Wed, Mar 25, 2020

With prices of houses increasing and the huge amount of EMIs to be serviced, it is logical and rational that the government carve out the deduction for home loan repayment from Section 80C of the Income Tax Act.

SBI loan interest rate plunges to 10-year low! Good news starts from 1st January 2020 for homebuyers

SBI loan interest rate plunges to 10-year low! Good news starts from 1st January 2020 for homebuyers

Tue, Dec 31, 2019

SBI Loan Interest Rate: The State Bank of India (SBI) has reduced its loan interest rate by as much as a quarter per cent, means 0.25 per cent from 8.15 per cent to 7.9 per cent for homebuyers.

SBI home loan interest rate slashed! More good news coming, say real estate developers

SBI home loan interest rate slashed! More good news coming, say real estate developers

Mon, Dec 30, 2019

After SBI cut home loan interest rate, a move that is pro-homebuyers, other banks are also likely to follow RBI directive and cut rates too, said real estate developers. They hailed SBI's move.

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Budget 2019: Your dream house may soon become cheap; if your real estate developer is happy, then so will you be - a PM Modi gift

Budget 2019: Your dream house may soon become cheap; if your real estate developer is happy, then so will you be - a PM Modi gift

Fri, Feb 01, 2019

While announcing the Budget, interim Finance Minister Piyush Goyal also revealed that now the government has proposed exemption on levy of income tax on notional rent on a second self-occupied house.

Ache din for homebuyers? Modi govt may announce big reforms in Budget 2019

Ache din for homebuyers? Modi govt may announce big reforms in Budget 2019

Tue, Jan 15, 2019

Currently, in Pradhan Mantri Awas Yojana, homebuyers under LIG are categorized as per their income between Rs 3 lakh to Rs 6 lakh.

Homebuyers in Bengaluru against dilution of real estate rules

Homebuyers in Bengaluru against dilution of real estate rules

Sat, Dec 01, 2018

A large number of homebuyers, allegedly cheated by builders, staged a protest here Saturday against the dilution of Real Estate Regulatory Authority (RERA) by the Karnataka government.

How these homebuyers turned this big setback into massive triumph against builder

How these homebuyers turned this big setback into massive triumph against builder

Tue, Oct 30, 2018

It is a truism that buying a house is one of the most difficult of enterprises for most Indians today. You cannot do without it and many builders take advantage of that to fleece the innocent homebuyers.

Amrapali, accused of defrauding homebuyers, now accused of cheating SC

Amrapali, accused of defrauding homebuyers, now accused of cheating SC

Fri, Oct 26, 2018

On October 9, Amrapali filed an affidavit indicating there are 92 serving and former directors. But the annexure to the affidavit contained only 86 names. Lahoty said that on going through the list, names of 16 former directors were found to be missing.

Big setback for Jaypee Infratech homebuyers; this is what banks have done

Big setback for Jaypee Infratech homebuyers; this is what banks have done

Wed, Jul 18, 2018

JAL, which has already deposited Rs 750 crore with the apex court registry, had told the bench headed by Chief Justice Dipak Misra that it was willing to deposit Rs 600 crore more to refund money to the home buyers if it was allowed to dispose of its identified assets, including a cement plant at Rewa in Madhya Pradesh.

Booked a flat at Noida, Greater Noida? You may have to pay more

Booked a flat at Noida, Greater Noida? You may have to pay more

Wed, Jul 11, 2018

Homebuyers now have to pay more for their incomplete flats. The builders of Noida and Greater Noida on Tuesday pitched for recalculating the land cost and this pushed up the prices of the incomplete flats in those areas. This will lead to higher prices of the under construction flats, according to a report by Times of India.

Why homebuyers are looking for bigger flats in big cities

Why homebuyers are looking for bigger flats in big cities

Mon, Jun 25, 2018

Singapore-based Elara Technologies is the owner of three realty portals PropTiger.Com, Housing.Com and Makaan.Com. It provides digital real estate marketing and transactions services.

How affordable are housing schemes? Homebuyers must take note of these pitfalls

How affordable are housing schemes? Homebuyers must take note of these pitfalls

Fri, Jun 22, 2018

The scheme has been classified into four sections Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group-I (MIG-I) and Middle Income Group-II (MIG-II) — wherein the maximum subsidy of Rs 2,67,000 is for the first two income categories, Rs 2,35,000 for MIG-I and Rs 2,30,000 for MIG-II, respectively.

MahaRera asks developer to refund charges for scenic view; here's why

MahaRera asks developer to refund charges for scenic view; here's why

Fri, Jun 22, 2018

Premium charged to a home buyer by a developer for scenic view will have to be refunded or adjusted, if the view ceases to exist, says MahaRera (Maharashtra Real Estate Regulatory Authority).

Good news for homebuyers! RBI just enhanced housing loan limits

Good news for homebuyers! RBI just enhanced housing loan limits

Wed, Jun 20, 2018

The RBI in its Second Bi-Monthly Monetary Policy Statement 2018-19 had decide to enhance the limit for eligibility for PSL under the scheme.

How homebuyers can protect their financial interest under Insolvency and Bankruptcy Code

How homebuyers can protect their financial interest under Insolvency and Bankruptcy Code

Mon, Jun 18, 2018

Scores of homebuyers, particularly in NCR, have some relief as now they will be treated as financial creditors. Homebuyers are recognised as financial creditors under the insolvency law, with the government promulgating an ordinance.

More people buying homes now; this is reason why

More people buying homes now; this is reason why

Thu, Jun 14, 2018

Housing credit grew 16 per cent in FY18, taking the mortgage penetration (housing credit as a percentage of GDP) to double-digit mark of 10 per cent for the first time in FY18, up from 9.5 per cent in FY17.

Relief for homebuyers, Centre raises carpet area to make affordable housing more accessible

Relief for homebuyers, Centre raises carpet area to make affordable housing more accessible

Wed, Jun 13, 2018

The RBI has decided to revise the housing loan limits for PSL eligibility from existing Rs 28 lakh to Rs 35 lakh in metropolitan centres, and from Rs 20 lakh to Rs 25 lakh in other centres, provided the overall cost of the dwelling unit in metro and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively.

Homebuyers strike it rich in India; here is why Centre right to take bold decision

Homebuyers strike it rich in India; here is why Centre right to take bold decision

Mon, Jun 11, 2018

The change could end up increasing debt financing costs for Indian developers. Banks may charge more for loans if their recovery rates in the event of insolvency are going to be lower. That would be the case if homebuyers’ cash advances are also treated as senior claims against developers’ assets.

Maharashtra property: Scrutiny fee hiked, homebuyers to shoulder burden

Maharashtra property: Scrutiny fee hiked, homebuyers to shoulder burden

Thu, Jun 07, 2018

According to a circular issued by the state environment department, the scrutniy fee for projects worth between Rs 1 crore and Rs 50 crore will be Rs 1.50 lakh, where it used to be Rs 1 lakh before. For projects costing between Rs 50 crore and Rs 100 crore, the charge will be Rs 4 lakh against the earlier Rs 3 lakh. For those worth between Rs 100 crore and Rs 500 crore, it will be Rs 7 lakh, against the earlier Rs 5 lakh. And Rs 15 lakh and Rs 20 lakh will be charged, respectively, for projects costing between Rs 500 crore and Rs 1000 crore, and those beyond Rs 1,000 crore.

Homebuyers strike big blow against builders, but may run into this wall now

Homebuyers strike big blow against builders, but may run into this wall now

Thu, May 24, 2018

Even though this massive good news has come their way, experts say there are many challenges still ahead and this may not exactly be the case where homebuyers will get their hard-earned money back instantly. In fact, they may run into an implementation wall when the time comes for them to get their money.

Homebuyers dubbed as financial creditors; this is how they reacted

Homebuyers dubbed as financial creditors; this is how they reacted

Thu, May 24, 2018

According to the new ordinance, the homebuyers will now be treated as financial creditors which will allow them to equitably participate in an insolvency resolution process and be a part of the committee of creditors. Besides, the proposed resolution plan under the IBC must comply with the provisions of the Real Estate (Regulation and Development) Act, 2016, the high-level panel had recommended to the government in its report.

In a first, recovery warrant issued against builder after homebuyers complain

In a first, recovery warrant issued against builder after homebuyers complain

Thu, May 17, 2018

The recovery warrant has been issued under section 40 (1) of RERA, which says, ‘If a promoter or an allottee or a real estate agent, as the case may be, fails to pay any interest or penalty or compensation imposed on him, by the adjudicating officer or the Regulatory Authority or the Appellate Authority.

Supertech Emerald Towers homebuyers to get Rs 5 cr more as refund

Supertech Emerald Towers homebuyers to get Rs 5 cr more as refund

Wed, May 16, 2018

A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud considered the submission of lawyer Gaurav Agrawal, who is assisting it as an amicus curiae, that the money to the tune of Rs 10.40 crore, which was lying with the apex court registry, should be utilised to pay back the home buyers.

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