News articles tagged Construction Delays

Buyers may face a delay upto two-year in delivery of flats in Delhi-NCR

Apartment deliveries in Delhi-NCR face potential two-year delays due to pandemic-related disruptions, impacting over 3 lakh units, primarily in Greater Noida.

Developers have to pay 11% interest to buyers if projects delayed

The government has introduced draft rules ensuring developers compensate buyers for delayed project completions, aiming to enhance accountability in real estate transactions.

Vacancy levels in Bangalore malls lowering

A survey indicates reduced mall vacancy in Bangalore despite anticipated new mall space, driven by increased rental activity and deferred mall projects due to construction delays and liquidity issues.

Gurgaon is safe as an investment bet.

Gurgaon's residential market sees a rise in property values amid slow project execution and supply shortages, yet investment sentiment remains strong due to improved job prospects.

Builders under pressure as buyers force for refund

Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.

Real estate developers frustrated over credit policy

Real estate developers and consultants express disappointment over RBI's credit policy, urging for increased liquidity to boost the struggling property sector.

Indian Realty Need Chinese Rules

Real estate companies in India are facing challenges with rising costs and sluggish demand, raising concerns over financing transparency compared to their Chinese counterparts.