The Reserve Bank of India (RBI), in its fourth bi-monthly monetary meet held on October 9, 2020, has decided to keep the repo rate unchanged. This is the second time in a row the apex bank has kept the key rates unchanged. Here is what the real estate industry said: Dr. Niranjan Hiranandani, President (National) NAREDCO […]
Many developers have now started giving the possession of flats to homebuyers or are planning to do so in the near future. Delayed possession of projects has been one of the major problems plaguing the real estate sector for a long time, which was aggravated further by the spread of the pandemic and the resultant […]
Making an example of a big fish among developers, the Supreme Court on Monday said builders must pay home buyers annual interest on cost of the flat for the period of delay in its delivery, in addition to the meagre monthly per square foot penalty mentioned in the apartment buyers agreement (ABA). A bench of […]