In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
In the last six months, things have changed for the better for the home buyer. Most of the cities are witnessing a sharp drop in prices, almost back to where they stood in December 2006. While most developers and brokers are unwilling to admit this, sit across the table to negotiate and you just might be surprised.
Smart homes that do your everyday tasks are now coming on the Indian market. Several real estate firms are making this reality as they venture into constructing automated homes.
Leading FMCG firms reported a nearly two-fold increase in the share of quick commerce within their total e-commerce sales, and this surge is anticipated to continue, said a joint report by Deloitte and industry body FICCI. Quick Commerce, also known as hyperlocal delivery, is now reaching around 35 per cent of online sales and has become a preferred channel for urban consumers. "About 18 per cent of consumers prefer purchasing food and beverage items from Q-commerce channels.
If you are looking to stay in the property, unnecessary delays will only increase the cost.
The court also questioned how Amrapali Group could mortgage the entire projects and secure loan worth thousands of crores of rupees from banks when it was only an agent to develop the property.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around $10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities. October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
Concerned over excessive flow of banking funds to the real estate sector, the Reserve Bank of India on Thursday said lenders will provide loans only up to 80 per cent of the cost of property.
Home loans: Take a mix of fixed and floating rates, if your risk appetite is low.
Happy days are here again for home buyers as the bank freezes the rate for a year.
A National Commission order held that the buyer was the borrower and so the bank was entitled to demand the EMI payments from him.
One can look at property only if they have excess cash and the property value is only a minor part of the investment portfolio, say investment experts.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
Home buyers should look at smarter options before taking a loan.
The apex court directed Supertech to pay 10 per cent per month of the invested amount from January 5, 2015 to 17 home buyers, who are before the court, within four weeks
Apple's decision to launch the eSIM-only iPhone 14 series in the US has American buyers puzzled. Surprisingly, it stumped some Indian folks, too, despite the availability of a physical SIM slot in the India-centric iPhone 14 series. This is because a large number of Apple consumers in India get their iPhones at considerably cheaper rates from the US through visiting relatives, friends, family, et al. Their apprehensions are mostly about compatibility with Indian networks and eSIM availability in India.
Looking for a way out, property developers deal in banned notes.
'The Chairman has made it clear that relocating the series would damage the image of the PCB, and Rawalpindi and Multan should be used as the venues for the three-match series.'
The Rs 6,560-crore initial public offer of Bajaj Housing Finance Ltd received 63.60 times subscription on September 11, the last day of bidding, amid overwhelming participation from institutional buyers. The initial share sale had a price band for the offer at Rs 66-70 per share.
Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings. SBI in a statement said that its home loan book has topped the Rs 6 lakh crore mark, a first in the industry. The leading lender said it is offering up to 25 bps discount on interest rate to new home loan borrowers, making the entry level rate at 8.40 per cent and the offer will run up to January 31, 2023.
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
SBI, the country's largest lender, first announced a rate cut of 0.25 per cent in its home loan rates on Thursday, forcing HDFC, the second biggest home loan financier, to respond.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
The order, issued by the Home Department, will come into effect only after guidelines are finalised, said a senior official.
Home buying can be seamless if you plan and execute your ideas well.
Most people make compromises when they are seeking out their first homes, but the pertinent question to be asked here is how far should you go while making sacrifices? Read on to find out more.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
Lower interest rate, lower stamp duty and higher chances of loan application being accepted give women an edge over men when fulfilling purchase of their dream home
Among the 30 Sensex companies, Kotak Mahindra Bank, Asian Paints, Reliance Industries, ITC, Sun Pharma, ICICI Bank, Axis Bank and JSW Steel were the major laggards. Larsen & Toubro, Tata Motors, Maruti, NTPC, Mahindra & Mahindra and UltraTech Cement were among the gainers.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
If you are scouting for a property, finalise the deal within the next seven months and benefit from this measure, suggests Bindisha Sarang.
Real estate developers and home buyers will feel the pinch of higher interest rates, which could slow down home sales. Higher interest will push up monthly installments for home loans for existing as well as new home buyers.
The proportion in which a joint home loan is taken is important.
