In a major judgment, the Maharashtra Real Estate Regulatory Authority (MahaRera) disallowed a builder last week from carrying out the construction of an additional floor for his project at New Panvel without the consent of the buyers who already bought flats in the building. The ruling is significant, as builders […]
Housing Enquiries Touch 50% Of Pre – COVID-19 Levels In Tier 1 Cities, Bengaluru Leads The Way
India’s residential real estate segment is witnessing a decisive return of serious enquiries, which are now at 50% of pre-COVID-19 levels in the top cities l, said a recent Anarock research. The Recovery is fastest in Bengaluru, where current enquiries have reached 70% of the January-February period, followed by Gurugram […]
RBI Monetary Policy: Real Estate Sector Is Ecstatic About Rs. 5000 Crore Additional Liquidity Infusion
The Reserve Bank of India (RBI) Governor Shaktikanta Das on August 6 announced an additional special liquidity facility of Rs 5,000 crore for National Housing Bank, a ‘much-needed’ move to relieve the real estate sector battling liquidity issues in COVID-19 times. Das said Rs 5,000 crore will be provided to NHB […]
Find For Yourself The Implications Of Extension Of COVID-19 Loan Moratorium
Due to the COVID-19 and subsequent lockdowns across the country, the RBI allowed banks and other lending institutions a three-month loan moratorium on EMIs from March to May 2020. This was later extended by an additional three months up to August 31, 2020. The moratorium certainly helped borrowers, be they […]