NEWS FEED


Expect home loan rates to rise as private banks raise MCLR after deposit rate hike

Bank said this secular hike in rates, the first time since they moved to the new MCLR system in April 2016, is due to the higher price they are paying for deposits in the last month

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More homebuyers to get interest subsidy under PMAY

Home buyers can get the interest subsidy of around Rs 2.3 lakh. The modified guidelines were issued recently

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Inclusion of real estate in GST deferred till next GST Council meeting: Finance Minister

In November, real estate developers had met with officials of Finance ministry over GST to be levied on properties owned by private builders.

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IBBI brings in stricter norms for insolvency professionals

If the specialised person is in relation with any financial creditor, who lent money to the defaulting borrower, the same norm applies at the time of forming the committee of creditors

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JSW highest bidder for Binani Cement

While the bids were revealed to the committee of creditors two days ago, banks will take a final call on the winner in the coming days

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Surat tops ranking of smart cities

Surat is closely followed by Pune at number two, Visakhapatnam, Udaipur, Bhubaneswar, Ahmedabad, Bhopal, Coimbatore, Jaipur and Indore.

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Maharashtra plans 4 times Ready Reckoner rate for rural land acquisition

The state cabinet on Wednesday cleared the proposal to amend the Land Acquistion Act 2013, which will subsume four different Acts once it is cleared by the House.

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Homebuyer alleges Amrapali cheated him of Rs 88 lakh, FIR filed

According to Singh, he then took a loan of Rs 70 lakh from IDBI Bank and transferred the money to the developer in the second phase as the advance payment

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MahaRERA forms 33-member forum to set up conciliation teams

ET had earlier reported that 10 conciliation teams of these will take care of matters related to homebuyers from the Mumbai Metropolitan Region (MMR) while the rest five will be for the Pune real estate market

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Budget 2018: Builders' body seeks reduction of GST on under construction projects

To incentivise home buyers, NAREDCO has suggested an increase in cap of interest paid on home loan, by home buyers, from Rs 2 lakh to Rs 3 lakh.

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New Delhi Municipal Council asks tenants to vacate Le Meridien hotel tower

If the occupants don’t vacate the premises within seven days, they “will be dealt with in accordance with the law”, a notice signed by an NDMC official read

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Piramal Finance invests big in hospitality, plans more bets

PFL has invested Rs 650 crore in Vatika Hotels, which owns The Westin Gurgaon, a 313-room keys hotel located in Gurugram

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HC directs MahaRERA relook at order denying compensation

Observing that the Rera authority did not seem to have followed principles of natural justice while passing the order last year, the HC sent it back to them for re-consideration

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