With the government increasing the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the middle income group beneficiaries, the number of people availing of the benefit is s
For the “reputation, survival and the success” of the real estate sector, it is absolutely essential that the problems of the homebuyers be addressed upfront, housing and urban affairs minister Hardeep Singh Puri said.
Following the Supreme Court’s order to complete pending projects, embattled real estate developer Amrapali Group will hand over the incomplete projects to co-developers within a week and the work in those projects is likely
According to a source from Lakshdeep, the company was confident that their plan would be approved by the lenders. “On May 9 when voting happened, we were shocked and surprised by the decision of the CoC members when they re
In a last-ditch effort to take control over the embattled real estate developer Jaypee Infratech, the group’s executive chairman and CEO Manoj Gaur submitted a resolution plan for its subsidiary to the committee of creditor
A committee of creditors will meet on May 7 to consider Lakshadweep Pvt Ltd’s bid for the embattled real estate developer Jaypee Infratech and they will e-vote on the proposal on May 8. However, sources indicated that the l
Lakshadweep, the joint venture between the Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, has offered to bring in Rs 3,510 crore upfront for the 25,000-apartment residential project of t
According to the source, Lakshadweep has had several rounds of negotiations with the lenders over the last fortnight. ICICI Bank, IDBI Bank and State Bank of India are the three largest lenders to parent Jaiprakash Associates
The top bidder, Lakshadweep Group, has submitted a bid of over Rs 7,000 crore. Its offer involves setting aside Rs 3,000-3,500 crore towards construction of flats and making an upfront payment of around Rs 2,000 crore to lend
The faster completion of quality houses under PMAY-G has been facilitated by payment of assistance directly into the beneficiary account through the IT-DBT platform from a single nodal account maintained at the state level.
The amicus curiae in the Jaypee insolvency case had earlier in February informed the Supreme Court that homebuyers who had invested in Jaypee Infratech have claimed refund worth Rs 1,150 crore on the portal.
Homebuyers of the embattled Jaypee Infratech have urged the Reserve Bank of India and the National Housing Bank to direct banks and housing finance companies to put a moratorium on EMIs for home loans granted to them.
Ahead of the finalisation of the bids, the Adani Group has made a detailed presentation to the homebuyers of Jaypee Infratech, detailing their plans to complete the 25,000 incomplete and delayed homes.
Jaypee Infratech homebuyers have urged Prime Minister Narendra Modi and finance minister Arun Jaitley to instruct PSU banks to accord priority to their interest, provide for funding for timely construction of the units and pa
The Ministry of Housing and Urban Affairs will soon seek Cabinet approval for the National Urban Rental Housing Policy to alleviate housing shortage in urban areas by encouraging renting of homes even as millions of houses li
A group of homebuyers in Noida and Greater Noida, who are waiting for delivery of flats, has written to finance minister Arun Jaitley, urging him to instruct all banks to stop collecting EMIs from homebuyers who have not yet