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Buyers Speed Up Home Purchase Decisions in H1 FY2025: Ultra-Luxury Homes Lead the Trend

Shorter Lead-to-Buy Conversion Times Reflect Strong Demand Across Price Segments Mumbai, 11 November 2024: In India’s bustling real estate market, buyers are accelerating their home purchase decisions faster than ever, according to the latest data from ANAROCK. The report shows that the average lead-to-buy conversion time — the period from first inquiry to confirmed booking […]

Noida Authority's Landmark Decision: New Housing Projects to Mandate Tripartite Sale Agreements

Noida Authority’s Landmark Decision: New Housing Projects to Mandate Tripartite Sale Agreements

A New Era of Transparency in Real Estate Transactions In a major decision that could reshape the real estate landscape of Noida, the Noida Authority Board has mandated tripartite sale agreements between builders, homebuyers, and the Noida Authority for all new housing projects. This agreement will require that the Noida Authority is notified of the […]

Homebuyers Demand Stricter Guidelines for Real Estate Sector to Curb Unfair Practices

In a move aimed at safeguarding consumer rights, the Forum for People’s Collective Efforts (FPCE) has urged the Ministry of Consumer Affairs to establish stricter guidelines for the real estate sector. The group of homebuyers expressed concerns over widespread unfair trade practices and the inability of the Real Estate (Regulation and Development) Act (RERA) to […]

Shifting Sands: The Evolving Landscape of India’s Real Estate Market in 2024

A New Era for Homebuyers in India In a compelling update on the state of the Indian real estate market, the Federation of Indian Chambers of Commerce and Industry (FICCI) and ANAROCK Property Consultants have released their “Homebuyer Sentiment Survey – H1 2024.” This report sheds light on the significant changes in homebuyer preferences and […]

Young Homebuyers: The New Wave in Real Estate Investment

Millennials and Gen Z Lead the Charge in Housing Sentiment New Delhi, October 17, 2024 – The real estate landscape in India is experiencing a significant shift, with young homebuyers aged 18-34 driving market trends and making bold investments. According to the latest Housing Sentiment Index (HSI) report from Magicbricks, this demographic showcases a remarkable […]

Homebuyers Win Landmark Case as NCDRC Orders Godrej Projects to Refund Over ₹4 Crore

In a significant ruling that underscores the accountability of real estate developers, the National Consumer Disputes Redressal Commission (NCDRC) has ordered Godrej Projects to refund more than ₹4 crore to aggrieved homebuyers due to unfulfilled promises regarding essential amenities and infrastructure. This decision arises from five separate cases linked to the ‘Godrej Summit’ project in […]

Maharashtra Real Estate Authority Unveils List of 314 Struggling Projects

Protecting Homebuyers: A New Initiative by MahaRERA The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a comprehensive list of 314 registered projects currently facing insolvency proceedings under the National Company Law Tribunal (NCLT). This initiative aims to protect homebuyers from potential fraud and provide transparency in the real estate market. The Scope of the […]

New Guidelines from U.P. RERA to Ensure Transparency in Real Estate Advertising

Promoters Must Adhere to RERA Regulations for Customer Protection In a move aimed at enhancing transparency and protecting homebuyers, the U.P. Real Estate Regulatory Authority (U.P. RERA) has mandated that all promoters strictly follow the provisions of the RERA Act 2016 in their advertising and promotional activities. Key Requirements for Advertisements Promoters are now required […]

NCLAT Opens Door for Homebuyers: Stakeholders Invited to Object to Supertech Takeover

Key Hearing Set for October 21 as Homebuyers Rally for Resolution The National Company Law Appellate Tribunal (NCLAT) has issued a significant directive, inviting stakeholders—including homebuyers and lenders—to submit objections to NBCC’s proposal to take over 11 delayed housing projects by Supertech Limited. The notice, released on September 19, has set the stage for a […]