Diabytes
Developers News
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A Reddit post explains the struggle companoies face while hiring Beginers.
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Real estate developers and consultants expect housing sales to improve, although gradually, as prices have become stable after much-needed correction in last few years and interest rates on home loans have softened.
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The National Consumer Disputes Redressal Commission (NCDRC) noted that possession was not given even after five years and asked New Delhi-based Adel Landmarks Limited to refund over Rs 66 lakh to five customers who were allotted flats in their project in Gurgaon in 2012.
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Gaur expects the RBI to cut rate in the next policy review after a neutral review for the second straight time.
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To tap the investment sentiments associated with the festive season and counter the subdued markets, developers have started offering innovative marketing schemes aimed at increasing the sales of unsold properties.
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The revised regulations come at a time when a large number of flat buyers have been left in the lurch, especially in the National Capital Region (NCR), due to long delay in deliveries amid the developers citing fund crunch.
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The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.
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Property market was the economy's underbelly this year and demonetisation towards the fag end only made it more isolated. But things might change in 2017 as builders are pinning their hopes on lower interest rate and transparency for the sector to come back to life.
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The Real Estate (Regulation and Development) Bill is designed to protect consumer interest, ensure efficiency in all property-related transactions, improve accountability of developers, boost transparency and attract more investments to the sector.
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Chronology of events leading to the passage of Real Estate Bill by Parliament on Tuesday.
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The Real Estate Bill is likely to be tabled in Lok Sabha on Tuesday for consideration and passing as only three working days are left in the first half of the Budget Session.
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The Real Estate Bill was passed by the Rajya Sabha last week.
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Chronology of events leading to the passage of Real Estate Bill in Rajya Sabha on Thursday.
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Know the 10 Key Facts of Real Estate Bill, passed by Parliament on Tuesday.
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The long pending Real Estate Bill, which aims to protect the interests of buyers and bring more transparency to the sector was on Thursday passed in Rajya Sabha.
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Consumers are preferring to purchase ready-to-move-in homes, which command a price premium of up to 21 percent, than properties under-construction because of huge delays in completion of projects, according to a report.
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The average capital values in Noida, Greater Noida and Delhi dipped minimally by a percent each.
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The government on Wednesday unveiled two key policy initiatives to revive the infrastructure sector, which include compensating developers in case of delays in highway projects and empowering the ministry concerned to okay projects with civil construction cost of up to Rs 1,000 crore.
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Rating agency Crisil has warned that Rs 30,000 crore debt of the top 25 realtors is at the risk of higher refinancing cost amid a continued slump in the realty space owing to high prices and dependence of the companies on high-return demanding private equity players.
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