Posts tagged with homebuyers

STRESSED FUND RELIEF FOR HOUSING PROJECTS
Oct 2019 , by in Latest News

The last mile government funding has brought much needed respite to home buyers of housing projects near completion. But is it really enough? TEXT: LEANDRA MONTEIRO T he Centre recently declared a 20,000-crore stress fund to help stalled residential real estate projects. However, projects that are... Read more...

Real Estate & Insolvency Law
Mar 2019 , by in FEATURES, Latest News

Most builder-buyer agreements provide for penalty in case of delays but not termination. The addition of homebuyers as financial creditors has created a peculiar situation which is against the scheme of the IBC.                                                      ... Read more...

RERA Talking Over Distressed Projects
Mar 2019 , by in Latest News, Trends

Coming to the rescue of homebuyers, many state RERA authorities are deciding to take charge of the unfinished projects and completing them. On March 08, the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) decided to take over and finish construction of seven realty projects, which are stuc... Read more...

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