TNRERA rules builders cannot deny refund to buyers on cancellations
October 5, 2020: The Tamil Nadu Real Estate Regulatory Authority has ruled that developers cannot deny refund to homebuyers, if the latter cancel booking on their own since the builder failed to handover the apartment within the scheduled deadline. The realty regulator also observed that consumers cannot...
Updated on June 23, 2025
Regulatory challenges add to homebuyers' woes in COVID-19 times
September 15, 2020: A series of decisions on the Insolvency and Bankruptcy Code, the Consumer Protection Act and RERA over the last few months has added to homebuyers’ misery. Let's take a look at some of the key issues:...
Updated on June 23, 2025
Real estate sector welcomes RBI approval of Kamath panel's debt recast plan
September 9, 2020: The real estate sector, still combating the pandemic blow, says the loan restructuring parameters approved by the RBI based on the recommendations of the KV Kamath committee would help the liquidity strapped industry get some relief. The committee has listed...
Updated on June 23, 2025
August sees surge in property registration in Karnataka
September 7, 2020: Property market in Karnataka is recovering faster than expected after the slowdown it underwent over the past six months due to the pandemic. The collection of stamp and registration duty for August has been 80 per...
Updated on June 23, 2025
Maharashtra developers to bear stamp duty charges
September 4, 2020: In an epic move, the real estate developers of Maharashtra's National Real Estate Development Council (Naredco) have decided to waive off stamp duty charges on various affordable and luxury residential properties in over 1,000 housing projects. It is supposed to result in substantial savings...