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HOMEBUYERS PROTECTION
Rs 1.5 crore home purchase, Rs 25 lakh income: Smart move or costly mistake? Man shares why it backfired in just one year. 3 lessons to learnA Reddit user's post about regretting the purchase of a ₹1.5 crore apartment has sparked a wider discussion on home affordability and finan...- IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...
- UP RERA issues show-cause notices to 76 realty promoters for failing to upload annual audit reportsUttar Pradesh RERA has taken a firm step by issuing show-cause notices to 76 project promoters for neglecting to provide their annual audit...
- Homebuyer can seek compensation for delayed delivery after taking possession: SCHomebuyers can pursue compensation for delayed flat delivery even after taking possession, the Supreme Court ruled. The apex court overturn...
- Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
- Home loan insurance: Protecting the dream home without paying more than you need toHome loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabili...
- Wealth wisdom of the day: ‘It takes great deal of boldness and caution to make a great fortune; and when you have got it...’ – Nathan Mayer Rothschild’s famous quote hides a big learningWhile individuals take numerous steps to multiply their wealth to build a notable fortune, little do they plan for what to do next. For som...
- Builder delayed possession and charged Rs 75 lakh extra on the basis of super area instead of carpet area; homebuyers partly win case in Punjab RERA for delayed possessionHomebuyers in Amritsar received partial victory from Punjab RERA regarding delayed possession. The authority ordered the builder to pay int...
- Construction costs up 25% since global conflicts began, developers flag material shortages: CREDAIConstruction costs have surged over 25 percent due to global conflicts. Supply chain issues, labor shortages, and rising material prices ar...
- Parking space dispute: What national building code says & what you can doHomeowners facing inadequate parking spaces from builders have recourse beyond RERA, which doesn't mandate specific parking dimensions. Whi...
- Now homeowners can file online complaint against builders for illegal transfer charges in Uttar Pradesh; Step-by-step guide on how to do itHomeowners in Uttar Pradesh can now file online complaints against builders for illegal transfer charges. UP-RERA has activated a new mecha...
- India’s real estate will meet the reality of agentic AIIndia’s IT slowdown, driven by AI-driven automation and shrinking outsourcing demand, is beginning to hit real estate, mortgages, and emplo...
- Bombay HC upholds homebuyers' right to withdraw builder's deposit during appeal; How will this speed up refund on delayed projects?In a significant ruling for the real estate sector, the Bombay High Court has affirmed that homebuyers can withdraw amounts deposited by bu...
- Supreme Court rap puts spotlight on RERA's weak linksExperts highlight RERA's ineffectiveness due to a lack of intent from chiefs, poor state coordination, and underutilization of powers. Refo...
- Homebuyers urge govt for real estate guidelines under Consumer Protection ActFPCE has urged the Ministry of Consumer Affairs to issue real estate-specific guidelines under the Consumer Protection Act, 2019. This aims...
- New amendments to IBC will protect interest of homebuyers: Centre to SCThe counsel representing homebuyers’ expressed concern that Jaypee Infratech Ltd (JIL) going into the liquidation could deliver a blow to t...
- We will ask Centre to take over Unitech group, says Supreme CourtThe court was hearing a batch of petitions filed by homebuyers who have been fighting a legal battle against Unitech for almost three years.
- Supreme Court puts homebuyers first, stalls RBI plan to move against JaypeeThe court listed the matter for further hearing on February 5. We are not concerned how the IBC operates. Homebuyers must get their house o...
- Housing minister talks to FM to protect interests of Jaypee home buyersWhile the option of amending the Insolvency and Bankruptcy Code has been suggested to Puri, he will shortly send a detailed proposal to the...
- Keep homebuyer, lender rights on par under Insolvency and Bankruptcy Code: SBI MD Rajnish KumarAccording to the SBI MD, homebuyers need to lower their risks by purchasing ready-to-move-in apartments rather than in an under-constructio...
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