Category: Affordable Homes

Jaypee Infratech, Amrapali & Unitech may not be eligible for the FM’s Rs 25,000 crore stress fund.

November 9, 2019

Over 75,000 homebuyers of Amrapali, Jaypee Infratech and Unitech will not be eligible for support from Rs 25,000 crore stress funds in the National Capital Region, because of numerous conditions applied by the government under the scheme, said homebuyers and industry players. “Maybe these three players are not qualified, but the property sector is beyond […]

Jaypee Infratech, Amrapali & Unitech may not be eligible for the FM’s Rs 25,000 crore stress fund.more

The cabinet opens Rs 25,000 crore window for projects that are on hold.

November 7, 2019

In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]

The cabinet opens Rs 25,000 crore window for projects that are on hold.more

The government is working on reviving the real estate sector, says Nirmala Sitharaman.

November 6, 2019

On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]

The government is working on reviving the real estate sector, says Nirmala Sitharaman.more

MahaRERA update: Builders need to provide SRO details from 1st December.

November 5, 2019

As per the latest amendments made by MahaRERA, from 1st December onwards, all developers who are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) will have to provide details about the developer’s body with whom they are linked with. Officials from MahaRERA said that the amendments under Section 34 of the MahaRERA Act have been […]

MahaRERA update: Builders need to provide SRO details from 1st December.more

Government to Launch Online Portal for Real Estate Sector

Government to launch an e-commerce platform for the real estate sector by January 2020.

November 4, 2019

According to the recent updates, Union Housing and Urban Affairs minister Hardeep Singh Puri stated, that the central government is going to establish an e-commerce platform for the real estate sector. On Monday, Puri said at the first National RERA conclave in Lucknow, “I had a discussion with CREDAI and NAREDCO and very soon we’ll […]

Government to launch an e-commerce platform for the real estate sector by January 2020.more

IOB will e-auction more than 500 properties spread across different cities.

October 17, 2019

More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]

IOB will e-auction more than 500 properties spread across different cities.more

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.

October 16, 2019

Unlike before, the heat of the total residential slowdown in 2019 begins to feel in the resilient markets of South India according to a report. According to recent research by ANAROCK, in the first three-quarters of 2019 residential sales dropped by 5% compared to the corresponding period in 2018 in Bengaluru, Hyderabad and Chennai. Whereas, The Western […]

Southern Cities experienced a decline in residential demand, whereas Mumbai and Pune saw a 33% increase during the same period.more

MahaRERA declares SROs to be registered by the realty developers and project promoters.

October 15, 2019

The Maharashtra Real Estate Regulatory Authority has proposed registering realty developers and project promoters Self-Regulatory Organization (SROs) along with the authority. According to the regulator, this will help improve the integrity of property builders, strengthen their practices, uphold the code of conduct and prevent dishonest promoters. The regulator specified in a circular, SRO registration shall be […]

MahaRERA declares SROs to be registered by the realty developers and project promoters.more

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.

Apex consumer commission NCDRC has strongly imposed a fine of Rs 25 lakhs for unfair trade practices on a Mumbai-based real estate company and its Director for failure to hand over possession to two home buyers. Anamika Real Estate Private Limited and its director Nitin N Mehta have been placed on “stern advice of caution” […]

Anamika real estate developer in Mumbai fined by NCDRC for delaying possession.more

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.

October 7, 2019

By Abhay Shah The real estate fund of Axis Asset Management Company, Axia RERA Opportunities Fund – I, has signed a deal with Bangalore-based real estate developer Adarsh Developers to invest Rs 65 crore. This is the second investment of the alternative investment fund for the maiden real estate of Axis AMC. The investment is […]

Axis AMC invests Rs 65 crore in an Affordable Housing Project with Adarsh Developers.more