Homebuyers are increasingly favoring low-rise properties over high-rises, seeking community, privacy, and larger living spaces. This shift is driven by factors like enhanced safety, lower maintenance costs, and greater resale value.
Studio apartments in Bangalore are becoming the preferred choice for young professionals, combining affordability with practicality in urban living.
Homebuyers can now check details of project and developer complaints on the MahaRERA website, enhancing transparency and aiding informed decision-making.
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.
MahaRERA has issued recovery warrants worth Rs 633 crore against errant builders in Mumbai, Pune, and Thane to protect homebuyers' investments.
Noida homebuyers face increased EMIs due to delayed apartment registrations. Banks are charging an additional 2% interest because of unresolved issues between the Noida Authority and developers.
MahaRERA has listed over 3,400 real estate projects as lapsed due to delays, limiting developers from selling until extensions are approved by stakeholders.
BRERA urges government to form a team to help homebuyers recover dues or get possession from defaulting real estate companies.
MahaRERA orders Radius Estates to refund 14 homebuyers of the Ten BKC project due to delayed ownership and failure to pay pre-EMI, alongside imposing a fine on the developer.
Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.
BRERA has taken action against three developers for violating rules, freezing their accounts and banning the sale of residential units due to buyer complaints.
The RBI's three-month moratorium on home loan repayments aims to alleviate financial burdens for homebuyers amidst COVID-19, aiding economic stability and liquidity for developers.
Delhi NCR's realty market faced ambiguity due to debt procedures. Faridabad led new project additions, followed by Gurgaon and Greater Noida. Delayed housing units further impacted sales.
RERA will be fully implemented nationwide from May 1. Noida Authority will upload detailed project information online. Homebuyers seek transparency and tracking of construction progress.
The new Union bill enhances transparency in Greater Noida's real estate, empowering homebuyers while addressing builders' concerns amidst rising demand for affordable housing.
The NCDRC has provided a crucial stay on the cancellation of over 100 flats in Noida Extension, relieving distressed homebuyers who faced issues from a developer.
NGT's groundwater ban for construction halts Noida, Greater Noida projects. Builders await clarification, while homebuyers worry about rising costs and project delays.
This year's festive season did not uplift the struggling real estate market, with residential sales falling by 8.5%, attributed to high prices and interest rates.
The Indian government is introducing a regulatory bill to curb black money in real estate and foster transparency in the sector.
The Indian Property Show in Hong Kong on March 3-4 offers NRIs a chance to explore 300+ projects by 70+ Indian developers, with on-site home loan approvals.
GNIDA expects resolution of the Patwari land acquisition crisis, bringing relief to 20,000 homebuyers. The Supreme Court dismissed a petition challenging the government's settlement with farmers, allowing more time for negotiations.
Supreme Court's decision on Greater Noida land case sends shockwaves among buyers and developers. Future of over 6,000 buyers uncertain as projects are halted.
India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.