Browsing Tag

Homebuyers

85 posts
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Homebuyers Win Big: Tribunal Nixes Builder Moratorium, Orders Compensation for Delays

In a landmark decision, the Maharashtra Real Estate Appellate Tribunal has ordered developer Sheth Infraworld to compensate homebuyers for significant project delays, specifically disallowing the use of the pandemic-related moratorium as an excuse. This ruling marks a crucial victory for allottees seeking timely possession and fair compensation.
MahaRERA has redesigned its registration certificate to include detailed housing project information such as built-up area, number of units, floors, and parking.

Homebuyers Alert: MahaRERA Certificate Now Comes with Full Project Details

In a major move to protect homebuyers, MahaRERA has upgraded its registration certificates to include all crucial project details in bullet points, such as total built-up area, unit count, approved floors, and parking availability. This pro-consumer step ensures easier access to accurate project information at a glance.
RBI

RBI Rate Cut Brings Good News for Homebuyers: Lower EMIs

In a major relief for homebuyers, the RBI has reduced the repo rate by 25 basis points to 6%, marking its second consecutive cut. Industry leaders say this move will improve housing affordability, boost buyer sentiment, and encourage new project launches—especially in affordable and mid-income segments.
Maharashtra Real Estate Appellate Tribunal upholds RERA exemption for projects on land under 500 sq m, even with over 8 units, denying buyers access to authority remedies for possession delays. Discover the key provisions and what options remain for affected flat owners.

HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has adjourned complaints filed by homebuyers against HDIL sine die due to the insolvency moratorium mandated under the Insolvency and Bankruptcy Code (IBC). The decision was held by Ravindra Deshpande on August 20, 2019, leaving homebuyers in uncertainty as they await resolution through the ongoing Corporate Insolvency Resolution Process (CIRP).
India’s top 10 listed real estate developers are aiming for ₹1.49 lakh crore in bookings in FY2026, with nearly 30% already achieved in Q1. Stronger balance sheets, higher pre-sales, and land buying sprees signal safer options for homebuyers — but also rising consolidation in the sector.

Builders Reintroduce ‘Pay 5% Now, Rest on Completion’ Schemes to Attract Homebuyers

Developers are reviving the “Pay 5% Now, Rest on Completion” scheme to make homeownership more accessible. This move, seen in projects like Chandak Highscape City in Mumbai, aims to attract buyers by reducing the initial financial burden while ensuring investment security.