Home buyers

Karnataka government cautions home buyers, but lets off 973 defaulting builders

Citizens and activists say that RERA officials are neither interested in launching a crackdown on defaulters, nor do they have powers. 

published on : 13th June 2019

Jaypee Infratech home buyers may stop paying EMIs

The bid would require 66 per cent votes in its favour to make the cut and acquire the insolvent Jaypee Infratech.

published on : 9th June 2019

Amrapali, Unitech, and more: Government all set to crack the whip on errant builders post-election

Over one lakh homebuyers have been duped by various builders like Amrapali, Unitech, Jaypee, 3C, Ansals API, etc. In the National Capital Region alone.

published on : 21st May 2019

Voting starts on NBCC bid for Jaypee Infratech

Earlier this week, the CoC decided to put the revised NBCC offer on vote, with home buyers favouring the voting process, while bankers dissented.

published on : 17th May 2019

Home buyers to pay 12 per cent GST on balance due if completion certificate issued by March 31

'This clarific'This clarification has tightened the grip on taxpayers who intended to take benefit of lower taxes rates with the aid of deferred invoicing,' AMRG & Associates Partner Rajat Mohan said.

published on : 15th May 2019

Puri Constructions guilty of profiteering under GST, asked to refund Rs 15.90 lakh to home buyers

The effective pre-GST tax incidence on under-construction housing property was 15-18 per cent, which was reduced to 12 per cent with input tax credit (ITC) post GST roll out.

published on : 15th May 2019

SC asks Centre to consider taking over Unitech, finish pending housing projects

Unitech Group is involved in the construction of 74 housing projects for which around 17,000 home buyers have made investments.

published on : 10th May 2019

Supreme Court slams authorities, banks for ignoring Amrapali Group's wrongdoings

The forensic auditors' reports pointed to instances where money moved from one company to another company of the Amrapali Group.

published on : 1st May 2019

'Amrapali Group diverted Rs 3,500 crore of home buyers money to other projects'

The forensic auditors said the funds were diverted through bogus bills, advance payments to directors and high ranking officials of the Amrapali Group and through ghost bookings of flats.

published on : 1st May 2019

SC asks Amrapali Group to explain details of transactions, agreements with M S Dhoni

Dhoni said he has paid Rs 20 lakh for the property but only some work for the penthouse has been done and he has not been given the possession.

published on : 30th April 2019

‘No home, No vote’ vow angry home-buyers in Noida duped by builders

Many of whom have booked apartments in stalled projects of Amrapali, Logix group, Supertech, Jaypee Wish Town, etc, are currently paying both EMI and rent on these unrealised purchases.

published on : 18th December 2018

No home no vote, say angry NCR home-buyers

Many who have booked apartments in stalled projects of Amrapali, Logix group, Supertech, Jaypee Wish Town, etc, are currently paying both EMI and rent on these unrealised purchases.

published on : 17th December 2018

Realty sector says unchanged repo rate to boost home buyers 

CBRE Chairman, India and South East Asia Anshuman Magazine said the MPCs decision paves the way for RBI to work flexibly, supporting overall economic growth by strengthening bank lending.

published on : 5th December 2018

Hundreds of Karnataka home buyers protest to demand enactment of stricter RERA rules

The protesters, which was supported by several resident welfare associations, insisted that the Real Estate Regulatory Act (RERA) be implemented in its true letter and spirit.

published on : 2nd December 2018