Gurgaon scores down from previous year but still on top.
The buy/sale agreement between the two parties is back in focus.
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
Both the South cities have also beaten the NCR in the number of new launches.
If the developers continue to express inability to pay, buyers should file a petition in the SC and request it to initiate proceedings under Article 142 of the Constitution
Rents have risen most in Delhi's Connaught Place and Gurgaon's Cyber City & M G Road. Because of slowdown, supply has been restricted but demand has risen.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
Many likely to be in trouble if restive consumers also petition the courts.
Despite the slowdown, property investments can give them good returns over the long term
DLF says it has started the process of giving possession of housing units at New Town Heights project according to its commitment
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
Turns down firm's plea for stay on CCI order; final order pending
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