News articles tagged Developers

Govt should prioritize housing to boost the real estate market, according to developers

Union Budget 2024 boosts real estate market, allocates Rs 10 lakh crore for urban housing, benefiting one crore poor and middle-class families, developers, and homebuyers.

MahaRERA reports that the success rate of agreements between developers and homebuyers is approximately 50%

MahaRERA's conciliation forum boasts a 35-50% success rate in resolving disputes between homebuyers and developers, handling over 1,200 cases since 2018.

Why is the Mumbai real estate market witnessing a resurgence of the Buy Now, Pay Later model?

In the Mumbai real estate market, developers are reintroducing 'buy now, pay later' schemes to boost sales amidst excess inventory and increased competition.

Noida authority plan policy to ensure periodical structural audits of buildings

Noida Authority is developing a policy for mandatory structural audits of buildings before and after handover, placing responsibility on developers and AOAs.

MahaRERA website set to display complaints on promoters and projects

Homebuyers can now check details of project and developer complaints on the MahaRERA website, enhancing transparency and aiding informed decision-making.

UP RERA imposes penalty of Rs 1 crore 40 lakh on nine developers

UP RERA imposes Rs 1.4 crore penalty on nine developers for non-compliance with orders at its 84th meeting. The Authority aims to protect homebuyers and ensure developers adhere to regulations.

Property E-registration begins from October 2, Maharashtra revenue minister

Maharashtra's e-registration for property sales starts on October 2, aiming to increase transparency and efficiency in the real estate sector.

Over 25% construction workers have left, projects may delay: Realtors

Labor shortages, with over 25% of migrant workers leaving, may delay real estate projects. UP-RERA is aware and may extend project timelines. CREDAI highlights material supply issues.

UP-RERA working with state government to end flats registration deadlock

UP-RERA is working alongside the state government to address the deadlock in flat registrations, impacting over 50,000 home buyers in Noida and Greater Noida.

UP-RERA to organise National Lok Adalat on April 10

UP-RERA is set to hold a National Lok Adalat on April 10, 2021, for resolving disputes between developers and home buyers in Uttar Pradesh.

Noida Authority taking Action against Builders for Delaying Registry of Flats

Noida Authority cracks down on developers for delayed flat registries, impacting 18 societies and prompting a 3-month deadline for compliance.

Greater Noida real estate to work more on affordable housing

The new Union bill enhances transparency in Greater Noida's real estate, empowering homebuyers while addressing builders' concerns amidst rising demand for affordable housing.

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.

Govt to set up platform for SEZs to resolve grievances

The Government announces a new online grievance redressal system for SEZ developers to expedite issue resolution and boost exports.

Court asks CBI to lodge FIRs on illegal constructions

Delhi court orders immediate FIRs against illegal building owners/developers and CBI probe into senior officials' role in fake demolitions.

Inferior quality affecting retail real estate, say experts

International retail brands are cautiously expanding in India due to economic uncertainties and supply constraints, focusing primarily on top cities.

Ads swells up to beat the slowdown in market

The surge in real estate advertising reflects developers' efforts to attract hesitant buyers, particularly during the festive season, with increased discounts and promotional offers.

PE funds ink deals with big firms for steady returns

Private equity firms are partnering with established real estate developers to create large assets and ensure stable returns, even as overall transaction numbers decrease. This trend is expected to grow.

New Launches in Mumbai Sharply Fall In 2013

New project launches in Mumbai have significantly declined in Q1 2013 compared to Q4 2012, attributed to weak home sales and cautious developer strategies.

Income Tax Raided 6 Builders; Around Rs.100 Cr Will Be Recovered

The Income Tax department raided Surat's real estate developers, seizing Rs.8 lakh in cash and Rs.45 lakh in jewelry, aiming to recover around Rs.100 crore.

Festive Season Fills New Hope in Residential Real Estate

CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.

Private Equity Firms Ready to Quit Real Estate India

Private equity (PE) firms, once major real estate investors, now seek exits due to low returns. Over-optimism and soaring valuations have led to challenges, prompting caution.

Noida Extension Approval Blends Boon and Bane

Noida Extension's approval brings mixed reactions. Buyers face booking uncertainties, builders grapple with rising costs, farmers claim underpayment, and environmentalists raise concerns about water depletion.

Affordable Housing Investors finds RBI Rate Cut a Boon

RBI's annual Credit Policy sparks optimism in the affordable housing segment, with realtors hopeful for lowered interest rates. However, concerns over inflation persist.

Realtors expect rise in property demand post RBI's rate cut

Realty firms appreciate RBI's decision to cut short-term lending rate, expecting reduced costs for both homebuyers and developers. It anticipates a boost in property demand.