Category: Housing Finance

ICRA predicts overall real estate inventory to decrease by 40-60%.

August 29, 2020

ICRA expects the combined sales volume of the completed and under-structured inventory to decrease by 40-60% due to Covid-19 for the current year. The preference for a completed inventory is therefore expected to continue to favour developers with a greater share of these projects. It anticipates that expenditure on ongoing projects will decrease by approximately […]

ICRA predicts overall real estate inventory to decrease by 40-60%.more

Government reduces stamp duty charges from 5% to 2% in Maharashtra.

August 26, 2020

The Maharashtra government agreed to temporarily cut the stamp duties on houses from 5% to 2% until December 31 in an effort to improve the declining real estate sector due to the coronavirus outbreak. The government said in a statement that the stamp duty on homes would be 3% from 1 January until 31 March. […]

Government reduces stamp duty charges from 5% to 2% in Maharashtra.more

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.

August 25, 2020

On August 23, the MCG sealed two properties for non-payment of property taxes of around Rs 22 lakh. The first property is located in Sector 32, with dues of Rs 12.07 lakh, the second in Sector 49, with dues of Rs 10 lakh, officials have stated. The sealing process follows the orders of MCG Commissioner […]

Gurugram civic body gets an order to seal 10 properties in a week for non-payment of property tax.more

Bombay High Court grants bail to the DHFL promoters on Yes Bank scam.

August 21, 2020

In the case of Yes Bank scam, the Bombay High Court grants a bail on 20 August to the DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, following the inability by the investigation agency to deliver its charges in the required 60-day time frame, in an embarrassment for the Enforcement Directorate (ED). The Wadhawan brothers were […]

Bombay High Court grants bail to the DHFL promoters on Yes Bank scam.more

Homebuyers demand an additional discount along with ease payment schedules.

April 28, 2020

Though the lockdown hasn’t prevented queries regarding new houses, developers at Hyderabad say most prospective customers are now calling with additional requests — from a higher discount rate of somewhere between 15% and 20% to compensation schemes, if they want to withdraw the deal later on. Another common request: relaxation in payment schedules. “We get […]

Homebuyers demand an additional discount along with ease payment schedules.more

LIC Housing Finance cuts its housing loan rates to 7.4%.

April 23, 2020

LIC Housing Finance (LIC HFL) has reduced its interest rates with immediate impact for individual home loan borrowers, the firm said in a media release. For any amount of loan, the interest rate for new customers with CIBIL score of 800 or more is 7.5%. If the customer assigns new/existing single premium term insurance policy […]

LIC Housing Finance cuts its housing loan rates to 7.4%.more

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.

April 21, 2020

A Delhi High Court order received by private-sector lender Indiabulls Housing Finance toward market regulator Sebi has placed mutual fund houses in a tight position. The HC has permitted Indiabulls, a Non-Banking Financial Company (NBFC) not to pay its debenture holders, including fund houses, interest and principal, as far as the RBI requires banks and […]

Delhi HC orders Indiabulls Housing for the outstandings to NCD investors.more

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.

April 20, 2020

Motilal Oswal Real Estate (MORE) raised Rs 1,150 crore from high net worth individuals for its fourth realty fund to invest in housing and commercial ventures around six major cities, a senior company official stated. The fundraising exercise for the India Realty Excellence Fund IV (IREF IV) started in September 2018, and a pledge of […]

Motilal Oswal Real Estate allocates Rs 1,150 crore to invest in housing and commercial project.more

X BKC project promoter declines to pay rent by citing force majeure clause.

April 14, 2020

Invoking the force majeure clause in the context of the COVID-19 lockdown, the promoters of the X BKC project in Kala Nagar, Bandra requested MIG Colony’s original tenants not to deposit their cheques for the May-June period. Citing financial problems and bad market conditions, MIG (Bandra) Realtors and Builders Pvt Ltd, part of the DB […]

X BKC project promoter declines to pay rent by citing force majeure clause.more

Home Ministry permits 15 industries to start their work with social distancing norms.

April 13, 2020

Two days until the slated end of the lockdown, the government has enabled more than 15 types of industries to begin their work on a single shift basis with minimal manpower and distancing norms. These involve large electrical goods such as transformers and circuit vehicles, telecom equipment and components like fibre optic cable, compressor and […]

Home Ministry permits 15 industries to start their work with social distancing norms.more

Category: Housing Finance

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