As developer fails to pay interest, MahaRERA issues recovery warrant

Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a recovery warrant against Omkar Realtors and Developers for not paying interest to a homebuyer after delaying handing over the flat to them. Alta Monte Signet project in Malad. The warrant has been sent to the Mumbai suburban district collector, directing officials to recover the […]

Interest rate cuts lift housing affordability in Mumbai, Delhi NCR sees a marginal dip: Report

The affordability of home purchases for homebuyers has improved in 2025, as interest rates have dropped significantly since the end of 2024, according to Knight Frank India’s Affordability Index report. Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 18%, followed by Pune and Kolkata at 22%, according […]

Delayed possession: UP RERA tribunal directs promoter to pay interest to homebuyers

Published on: Dec 14, 2025 03:12 am IST Key directives included payment of ₹50,000 litigation costs to each respondent by the promoter within 45 days AI Quick Read The Uttar Pradesh Real Estate Regulatory Authority (UP RERA)’s Appellate Tribunal has directed the promoter of a residential cluster in Greater Noida’s Sector-27 to pay interest on […]

Maharashtra Tribunal blames developer’s ‘greed’ for Panvel project delay and orders interest compensation to the buyer

The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s Sanvo Resorts Pvt Ltd to pay interest to a homebuyer for the delayed possession of an apartment in its Marathon Nextzone project in Panvel, near the upcoming Navi Mumbai International Airport (NMIA). Delayed possession: Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s […]

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 […]

What are sovereign gold bonds? Meaning, interest rate, tax benefit, and how to invest| Business News

Sovereign Gold Bonds (SGBs) are government-backed securities that let you invest in gold digitally. They offer 2.5% annual interest, tax-free capital gains at maturity, and eliminate the need to store physical gold. Each gold bond unit represents one gram of gold and earns a fixed annual interest of 2.5%, in addition to any capital appreciation […]

LG Electronics IPO set for stock market debut tomorrow after overwhelming interest| Business News

LG Electronics India Ltd is set to make its stock market debut on October 14 after receiving an overwhelming response from investors in India’s second-biggest IPO of 2025. Photo for representation (Reuters) LG Electronics IPO had an overwhelming response as it received 54.02 times subscription on the final day of bidding. Analysts say investors appear […]