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Legal

Government clarifies interest subsidy on housing loan applicable from January 1’ 2017

The Union Budget made a revelation of interest subsidy on housing loans according to the individual’s annual income slab. Now, it is made clear that the interest subsidy scheme will be applicable on all loans taken or sanctioned after January 1’ 2017.

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Property Trends

First House on 20-year Loan to get Rs 2.4 Lakh cheaper now

After the Union Budget 2017, a sense of relief is seen among the home buyers, especially those who are purchasing their first home. The government has announced new subsidy slabs and associated interest rate on home loans according to an individual’s annual earning. 

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Legal

Supreme Court clears that home buyers can directly approach NCDRC against builders through registered associations

In a landmark decision, Supreme Court of India has revealed that property buyers can now directly approach the National Consumer Disputes Redressal Commission (NCDRC) for filing complaint against the developers just by forming a registered association. 

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Property Trends

Demonetisation causes dip in property registration by more than 50% in NOIDA and Greater NOIDA

NOIDA and Greater NOIDA property market is hit severely due to demonetisation as property registration has decreased by more than 50%. Buyers are unable to pay the registration and stamp duties, as they do not have cash.

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Latest News

Govt asks NOIDA, Gr. NOIDA Authorities to be part of the Escrow Accounts with the Builder

UP Govt’s decision to involve the local authorities, such as the NOIDA, Greater NOIDA Authority as part of the escrow account with the reality developer has been welcomes both by the developers and well as the homebuyers. 

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Latest News

Punjab & Haryana High Court askes DLF to handover 11 acre of land to Park Place Residents

Real estate major DLF Ltd has received a major setback for violating floor area ratio (FAR) norms to launch “The Crest” on a land that reportedly belongs to the Park Place Residents projects. 

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Latest News

Supreme Court stays Delhi HC order – Unitech home buyer meeting on compromise scheme

Supreme Court of India stays Delhi HC order on Unitech’s meet with the home buyers is put on stay in addition to continue with the petition made against it at National Consumer Disputes Redressal Commission by the home buyers.

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