Noida luxury tower row reaches Allahabad High Court: All you need to know about homeowners’ consent and undivided share

The Association of Allottees (AOA) of a Noida housing project in Sector 107 has moved the Allahabad High Court, challenging the developer’s plan to construct a new 46-storey tower with apartments priced from ₹7 crore. Homebuyers have contested a Noida Authority order that approved an additional floor area ratio (FAR), enabling the developer to add […]

MahaRERA update: New guidelines issued to ensure homebuyers are compensated within 60 days by the developers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) announced on November 22 that it has formulated a Standard Operating Procedure (SOP) to expedite the recovery of compensation from developers in a time-bound manner for aggrieved homebuyers. The compensation is recovered from the developer due to various defaults. MahaRERA update: The real estate regulator has said that […]

Homebuyer’s Guide: Here’s what you need to know about pre-construction interest limit of ₹2 lakh under Section 24(b)

Mumbai-based Rahul Saraf purchased a home in March 2024 with a home loan of ₹50 lakh and he is living in it. The total pre-construction interest paid was ₹5 lakh. According to Section 24(b), Rahul must claim it in five equal installments of ₹1 lakh each over five years, starting from possession. In the first […]

Karnataka RERA allows homebuyers’ association to take over stalled project in Belagavi after the developer’s demise

In a relief to homebuyers of a stalled real estate project in Belagavi, the Karnataka RERA has allowed the housing association of Abhinandan Residency to take over and complete the delayed project. The project is 40% completed, but has remained stalled for over a year. In a relief for Belagavi homebuyers, Karnataka RERA has allowed […]

From luxe to simple: Homeowners weigh in on interior spending with some saying ‘Ghar ko ghar hi rakho, hotel mat banao’

While there are some homeowners who spare no expense and spend as much as ₹2.5 crore on interiors for a ₹2 crore house, others prefer a more modest approach, barely ₹4 lakh, saying, ‘Ghar ko ghar hi rakho, hotel mat banao.’ Experts say this trend, fuelled by post-pandemic lifestyle upgrades and a surge in luxury […]

ED arrests former Jaypee Infratech MD in ₹14,599 crore ‘scam’ case involving homebuyers

The Enforcement Directorate has arrested Manoj Gaur, Managing Director of a real estate firm Jaypee Infratech Ltd, in connection with a money laundering probe linked to an alleged ₹14,599 crore fraud involving homebuyers, PTI reported on November 13. The Enforcement Directorate has arrested Manoj Gaur, MD of realty company Jaypee Infratech Ltd, in a money […]

SC orders inquiry into stalled Greater Noida housing project, appoints ex-HC judge to head probe

New Delhi, Nov 7 (PTI) In a significant verdict, the Supreme Court on Friday set up a one-member committee headed by former Allahabad High Court judge Pankaj Naqvi for conducting a comprehensive inquiry and suggesting a practical roadmap for completing a stalled housing project at Greater Noida in Uttar Pradesh. The Supreme Court on Friday […]

MoFA vs RERA: All you need to know about Maharashtra government’s plan to repeal the MoFA Act

The Maharashtra government is considering repealing the Maharashtra Ownership of Flats Act (MoFA), which aims to safeguard the interests of homebuyers and housing societies in the state of Maharashtra, according to a Hindustan Times report. The Maharashtra government is considering scrapping the Maharashtra Ownership of Flats Act (MoFA), the law that currently protects homebuyers and […]