Browsing Tag

homebuyer relief

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In a major boost for homebuyers, the Supreme Court has ruled that merely leasing or renting out a purchased residential flat does not disqualify buyers from filing consumer complaints against builders for delays or unfair practices. The verdict in Vinit Bahri vs MGF Developers restores a dismissed case and clarifies that builders must prove "commercial purpose" to exclude consumer status.

Supreme Court Brings Massive Relief to Thousands of Greater Noida Homebuyers: Stalled Earth Projects to Resume Soon

“After 10 years of waiting, hope is finally here! Supreme Court orders resumption of stalled Greater Noida projects — Earth Towne, TechOne & Sapphire Court. No extra payment for homebuyers. GNIDA penal dues waived. Projects to restart from June 2026. A big win for thousands of families! 🏠⚖️”
ATS Knightsbridge exits insolvency after NCLT allows withdrawal of CIRP proceedings, with construction nearing completion and possession expected in 18–24 months.

ATS Knightsbridge Insolvency Case Withdrawn: NCLT Clears Project, Completion Expected in 18–24 Months

ATS Knightsbridge exits insolvency after NCLT allows withdrawal of CIRP proceedings, with construction nearing completion and possession expected in 18–24 months.
Home loan

Home Loan EMIs to Fall as Banks Cut Lending Rates; Real Estate Sector Set for a Boost

In a major boost to homebuyers and the real estate sector, top Indian banks have reduced lending rates after the RBI’s recent repo rate cut. The move is expected to lower EMIs, revive housing demand, and encourage fresh property investments, especially in key urban markets like Mumbai and Pune.
MahaRERA

MahaRERA Recovers ₹200.23 Crore as Compensation for Homebuyers

MahaRERA has recovered Rs 200.23 crore in compensation for homebuyers, enhancing recovery efforts with the appointment of retired Tahsildars in Mumbai suburban and Pune. The authority is working to ensure developers meet compensation orders for delayed or incomplete real estate projects.