News articles tagged Home Buyers

Bhopal Property Prices Set for 2025 Surge: 5%-250% Hike Proposed at 230 Locations

Bhopal property prices to surge by 5-250% in 230 areas starting April 2025. Proposed rate hikes by district officials mark a second increase in one year, challenging home buyers and reshaping local real estate dynamics.

Thane Property Expo 2025 Kicks Off

The highly anticipated Thane Property Expo 2025, hosted by CREDAI MCHI Thane, runs from February 7-10, featuring over 300 projects and exclusive financial offers.

MahaRERA instructs L&T to take only 2% when canceling an NRI homebuyer’s reservation

MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.

Property prices in Pune are booming, with a 46% increase in registrations for properties between Rs 50 lakh and Rs 1 crore.

Pune's property registrations surged 46% YoY in January 2024, fueled by strong demand. Homes priced between ₹50 lakh and ₹1 crore saw the most activity, capturing 32% of sales.

Story Behind Jaypee's Failure

Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.

As Supertech Goes Bankrupt, What a Home Buyer Should do Now?

Supertech's bankruptcy raises concerns for 11,000 home buyers about delayed possession and financial claims as the company appeals the National Company Law Tribunal's decision.

25,000 Home Buyers May Be Impacted as Supertech Declared Bankrupt

Supertech's bankruptcy declaration by NCLT may impact 25,000 home buyers, but the developer asserts that project operations will continue unaffected.

The new MahaRERA rule help home buyers to track project status

MahaRERA's new circular mandates promoters to submit certificates to track project status, increasing transparency for home buyers.

Builders have to disclose the status of mortgage loans for apartments

Real estate developers must now disclose their mortgage or loan status to CERSAI. This move aims to increase transparency and protect home buyers from potential legal complications.

MahaRERA launches help desk to resolve general queries of homebuyers

MahaRERA has launched a help desk to assist home buyers with inquiries and complaints, enhancing communication and support during the pandemic.

Developers collecting money without agreement is violation- TNRERA

Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.

UP-RERA to give nine month extension for registration of projects

UP-RERA offers a nine-month extension for the registration of projects, aiming to speed up stagnant real estate development. The extension is subject to monitoring and specific conditions.

UP-RERA rejects super-tech projects registration

UP-RERA rejects Supertech's application for two new projects due to non-compliance and delays in existing projects.

Real estate agents in UP seeking for new insolvency resolution policies

Real estate developers in Uttar Pradesh urge the government for effective policies to resolve insolvency issues that have stalled numerous projects, impacting thousands of buyers.

Greater Noida authority reduces transfer fee on real estate transactions

Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.

Goa Government increases property registration fee by 0.5 to 1%

Goa government hikes property registration fee from 0.5% to 1%, pushing buyers to pay around Rs 74,000 more for registrations. Credai opposes, stating it will affect market demand.

Publicly Disclose the Apartment Sales: MahaRERA

MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.

CREDAI-MCHI urges Maharashtra Government to cut stamp duty to 2%

CREDAI-MCHI urges Maharashtra government to reduce stamp duty to 2% in Mumbai to revitalize housing demand amidst the COVID-19 pandemic, citing reduced sales and state revenue.

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.

6,000 flats in Jaypee Wish Town to be delivered by next year

Jaypee Wish Town plans to deliver 6,000 apartments by 2022, including new and renovated units, with construction ongoing despite previous delays.

DTCP launches online portals to buy affordable home in Gurugram

The DTCP has launched an online portal to streamline the affordable housing process, ensuring transparency and timely refunds for buyers following numerous complaints about unfair practices.

UP-RERA to issue a show-cause notice to Supertech Realtors

UP-RERA to issue a show-cause notice to Supertech Realtors due to non-compliance with the RERA Act.

Gaurs Group to complete 10,964 pending Amrapali units at Rs 2,124 crore

Gaurs Group invests ₹2,123 crore in three stalled Amrapali projects, encompassing 10,900 apartments, marking a diversification into infrastructure.

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.

ORERA Fines Two Realtors for Violations of RERA Act

Odisha RERA (ORERA) fined two real estate developers ₹20 lakh each for advertising without registration and not issuing a sale agreement, respectively.