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HOMEBUYER PROTECTION
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...
- What’s happening with mortgage rate right now— should you lock before the April Fed meeting or wait for lower home loan rates?Mortgage rates today are hovering near 6.3%. That is a sharp jump from around 5.7% just weeks ago. The market is moving fast. Buyers are fe...
- Ansal Properties held accountable for subsidiary’s failure to deliver flats in Haryana township by consumer forumThe National Consumer Disputes Redressal Commission has ruled against Ansal Properties and Infra Ltd. The company is held responsible for i...
- IBBI panel suggests project-wise insolvency resolution for real estate sectorA panel suggested restricting real estate insolvency proceedings to stressed projects, not entire companies, to protect homebuyers in solve...
- 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...
- ET Explainer: What are RERA annual reports and why are they crucial for accountability and homebuyer protection?Nearly a decade after RERA's enactment, scrutiny is shifting to regulators as the Supreme Court questions their effectiveness in protecting...
- 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...
- Jaypee homebuyers move Supreme Court against NCLAT orderThe petition has been filed by a group 1000 homebuyers alleging that the NCLAT order passed on July 2 was in violation of IBC.
- Will protect your interests, HC tells Jaypee homebuyersAs the homebuyers urged the bench to pass an interim order to stop liquidation of the company, the bench assured them that their interests ...
- 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...
- Insolvency-hit buyers need more cover: MinistryThe housing and urban affairs ministry is unhappy with the amendments notified last week.
- 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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