Surbhi Prasad

Articles By Surbhi Prasad

86 Articles

Jaypee homebuyers urge banks for moratorium on EMIs

A group of homebuyers of Jaypee Infrastructure have urged the banks such as HDFC, ICICI and Axis bank for moratorium on EMIs for home loans granted in relation to projects of Jaypee.

The homebuyers have requested the banks to keep EMIs in abeyance and not to charge penal interest on the unpaid EMIs till there is some clarity on the issue of possession/refund with regard to the Jaypee projects.

Budget 2018 has a big rural push to create more jobs

Budget 2018: The union budget noted that currently a deduction of 30% is allowed in addition to normal deduction of 100% in respect of emoluments paid to eligible new employees who have been employed for a minimum 240 days du

Budget 2018: An outlay of a whopping Rs 14.34 lakh crore will be earmarked for projects towards creating livelihoods and infrastructure in the rural areas.

Haryana RERA body yet to become fully functional

Six months since the rules under the Real Estate (Regulation and Development) Act were notified, the Haryana real estate authority is still to become fully operational and its website is yet to be in place.

rera, rera in haryana, haryana rera body functioning

Modi govt mulls linking MGNREGS wages to Consumer Price Index-Rural

The ministry of rural development is in talks with the finance ministry to change the wage calculation methodology for Mahatma Gandhi Rural Employment Guarantee Scheme using Consumer Price Index-Rural instead of CPI-Agricultu

MGNREGS scheme, MGNREGS news, MGNREGS wages, Consumer Price Index, Consumer Price Index rural, narendra modi, agricultural labour

Haryana RERA benches yet to take shape

Even though the Haryana government appointed IAS officers as chairpersons of the two Real Estate Regulatory Authority (RERA) benches in Panchkula and Gurgaon two months ago, the benches haven't taken shape so far.

haryana, rera, rera benches, haryana rera, real estate regulatory authority, panchkula, gurgaon, vrs, voluntary retirement scheme

RERA’s reach: Around 20,000 real estate projects registered – See Maharashtra, Noida, Gurgaon details

Around 20,000 projects across the country have been registered under the Real Estate (Regulation and Development) Act, a senior housing and urban affairs ministry official said.

rera registered project, registered projects under rera, total rera projects

Housing ministry seeks four-fold hike in outlay for key schemes

The ministry of housing and urban affairs has sought a four-fold increase in outlay for its three key schemes — Pradhan Mantri Awas Yojana (Urban), Smart City Mission and Swatch Bharat Mission — in the Union Budget 2018-1

Pradhan Mantri Awas Yojana, smart city mission, housing ministry expectation from budget, housing scheme provision under budget

Do you know government facing shortage of 39,000 houses for its staff?

There exists a shortage of 39,000 between the accommodation available to government officials and the demand.

parliament, house shortage, lok sabha, rajya sabha, government employees house

Construction of houses in rural India under scheme on target in 2017

Meanwhile, of the sanctioned 36 lakh houses under PMAY (Urban) till date since 2015, when the scheme was launched, about 15.65 lakh houses are being built, while 4.13 lakh houses have been constructed since the launch of the

Construction of houses, rural India, Urban India

How Haryana is lagging on RERA compliance

Though the state government has appointed two authorities — one each in Gurgaon and Panchkula — it is yet to create an online portal. The state may be able to come up with some kind of portal by January 15, an official sa

haryana, rera, rera compliance, haryana government, 

DDA Housing Scheme 2017: Why 600 allottees surrendered flats

Allottees have surrendered around 600 of the 12,000 flats sold under the Delhi Development Authority’s (DDA) housing scheme 2017, citing the small size of the facilities, but also reflecting a waning interest in DDA flats t

DDA Housing Scheme 2017, Siraspur, Narela, HIG flats, MIG flats,  LIG category, Rohini, dwarka, Vasant Kunj, latest news on DDA Housing Scheme 2017

Jaypee Wish Town row: Homebuyers want CBI probe against Jaypee Infratech

After eight months of no action against Jaiprakash Associates and Jaypee Infratech, homebuyers of Jaypee Wish Town who had filed FIR against the builder, have now written to Uttar Pradesh chief minister Yogi Adityanath.

Jaypee Wish Town row, Yogi Adityanath, Homebuyers of jaypee, Gautam Budh Nagar, Jaypee Infratech, homebuyers of Jaypee Wish Town, Noida Wish Town project, supreme court, Insolvency and Bankruptcy Code 2016

Narendra Modi government gives big boost to affordable housing, to use PSU land to build homes

The government plans to tweak the land use policy to ensure affordable housing is accorded top priority.

PSU, affordable housing, urban areas, low cost housing

Jaypee Infratech vs homebuyers case: In Noida Wish Town project, flatowners interest to be considered in resolution plan

The interim resolution professional (IRP) for Jaypee Infratech, Anuj Jain, has assured all the homebuyers of the company that every relevant suggestion to safeguard their interest will be considered in the final resolution pl

Jaypee Infratech, Anuj Jain, Homebuyers, IRP, Jaypee Infratechs, Noida Wish Town

Jaypee Green Wish Town homebuyers shoot off letter, seek access to resolution plan

Homebuyers of Jaypee Infratech have requested the insolvency resolution professional (IRP) to give them access to portions of the resolution plan dealing with their interest or upload those parts of the broader revival propos

Homebuyers vs Builders: Bombay High Court upholds constitutional validity of RERA

In a relief to homebuyers, the Bombay High Court upheld the constitutional validity of the Real Estate (Regulation and Development) Act, 2016 and the authority formed under it.

RERA, Bombay High Court, Homebuyers , Builders

Noida property market: Yogi Adityanath cracks whip, orders builders to deliver 32,500 flats before 2018

The GoM also directed officials of all the three relevant authorities in the region, as well as the Greater Noida SSP, to take action against eight builders against whom FIRs have already been lodged.

Noida property market, Noida property,  Noida flats, Greater Noida flats, flats possession, Yogi Adityanath crackdown

Property market in India: Narendra Modi government adopts tough stance against delayed projects, set to take this step

The ministry of housing and urban affairs will create a central database of delayed real estate projects. It has sought the details of delayed projects from all the states for this purpose.

Property market, delayed real estate projects, real estate projects, Narendra Modi government

Big setback for homebuyers in fight against errant builders; see what is on Centre’s agenda

Home buyers looking for relief from the government and courts are unlikely to be given the status of financial creditors, senior officials in government have indicated.

Home buyers, Insolvency and Bankruptcy Code, Jaypee, Durga Shankar Mishra, financial creditors, real estate projects, housing and urban affairs secretary

Jaypee Wish Town Noida homebuyers toughen stance, take this big step

A consortium of associations consisting of around 2,500 flat buyers of Jaypee Wish Town at Noida has filed an application with the Supreme Court seeking a forensic audit of Jaypee Infratech (JIL) and Jaiprakash Associates (JA

Jaypee Wish Town, Jaiprakash Associates, JAL, Yamuna Expressway, real estate news, india news, business news, latest news

To boost Housing For All scheme in Bengaluru, Mumbai, Delhi, Centre turns to South Korea for help

About Rs 5 lakh crore of investment is envisaged in urban development under the government’s flagship schemes, including Rs 1 lakh crore for AMRUT, Rs 1 lakh crore for smart cities, Rs 1.8 lakh crore for affordable housing

housing for all, housing for all scheme, urban affairs, high-speed Wi-Fi connectivity, shelter for everyone

Haryana property market: RERA notices issued to 140 projects

According to the Haryana Real Estate (Regulation and Development) Act, projects that did not have an occupation certificate or had not applied for an OC as on the date of the notification of the Act would come within the purv

haryana, RERA, haryana property market

Property market in India: Fighting homebuyers battles, here is what FPCE has done now

The Forum for People’s Collective Efforts (FPCE), a non-profit company representing homebuyers, argued before the Bombay High Court that it is constitutionally valid to bring ongoing projects under the Real Estate (Regulati

Forum for People’s Collective Efforts, fpce, fpce homebuyers, homebuyers fpce

In big setback for Jaypee, Yamuna Expressway authority seeks cancellation of 2 land leases

The Yamuna Expressway Industrial Development Authority (YEIDA) has urged the state government to cancel the lease of two land parcels of Jaypee Group, senior officials at the authority said.

yamuna expressway, YEIDA, jaypee group land cancellation

Narendra Modi government brings big relief for homebuyers in trouble; here is what it said

If the homebuyer defaults in making payments on time to the builder or if the builder defaults in giving possession within the agreed period, the rate of interest payable for both will be the same, according to the Real Estat

Narendra Modi, Narendra Modi government, Bombay High Court, homebuyers, consumer forum, delay in possession

Property market in India: Homebuyers stay away; builders stall launches over RERA, GST setbacks

Sales of new homes in the country’s key cities plunged 32% year-on-year in the three months to September with transactions down to a trickle.

Property market in India, Property market, Indian market, Homebuyers stay away, builders stall launches over RERA, GST setbacks, new homes, sales of new homes 

Bombay High Court hears petitions on RERA

The Bombay High Court on Tuesday continued to hear petitions challenging the constitutional validity of certain provisions of the Real Estate (Regulation and Development) Act.

Bombay High Court, RERA, petitions on RERA, constitutional validity, Real Estate Act
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