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New Phase of PMAY Launched: Understanding the Rules and Benefits of Credit Linked Subsidy Scheme

New Phase of PMAY Launched: Understanding the Rules and Benefits of Credit Linked Subsidy Scheme

Government Initiative Aims to Boost Affordable Housing The second phase of the Pradhan Mantri Awas Yojana (PMAY) has recently been launched, designed to provide financial assistance to eligible individuals through the Credit Linked Subsidy Scheme (CLSS). This initiative aims to make home loans more affordable, helping more citizens achieve their dream of homeownership. However, many […]

Real Estate Regulatory Authority: Safeguarding Homebuyers from Builders' Malpractices

Real Estate Regulatory Authority: Safeguarding Homebuyers from Builders’ Malpractices

Protecting Investments and Users in the Realty Sector Since the establishment of the Real Estate Regulatory Authority (RERA), the real estate sector has seen significant changes, particularly in the protection of both investors and end users. RERA has taken stringent measures against builders and developers engaged in fraudulent practices. However, many builders still attempt to […]

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Government Set to Revamp Real Estate Regulatory Act Amid Homebuyer Struggles

Homebuyers Demand Action as RERA Faces Scrutiny Government is poised to review the Real Estate (Regulation & Development) Act of 2016, responding to ongoing challenges faced by homebuyers & the apparent inefficacy of Real Estate Regulatory Authorities across states & UTs. The Ministry of Housing & Urban Affairs has initiated discussions to address these concerns, […]

RERA Takes Strong Action: Promoters Ordered to Sign Sale Agreements Immediately

RERA Takes Strong Action: Promoters Ordered to Sign Sale Agreements Immediately

New Directives Aim to Protect Homebuyers’ Rights Lucknow, October 12, 2024: The Uttar Pradesh Real Estate Regulatory Authority (RERA) has issued a crucial directive requiring all promoters to sign Sale Agreements (BBA) with homebuyers without delay. This mandate aims to enforce compliance with Section 13 of the RERA Act and uphold the interests of buyers. […]

Festive Season Sparks Surge in India's Real Estate Market

Festive Season Sparks Surge in India’s Real Estate Market

As developer incentives and economic momentum align, the luxury segment sees unprecedented interest India’s real estate market is on the brink of a festive season boom, buoyed by a mix of developer incentives and robust economic indicators. With the traditional surge in home purchases just around the corner, the spotlight is particularly shining on luxury […]

Trade Tensions Rise: U.S.-China Relations Set to Deteriorate Post-Election

Trade Tensions Rise: U.S.-China Relations Set to Deteriorate Post-Election

Global Companies Shift Focus to India and ASEAN as U.S. Tightens Investment Restrictions The ongoing trade war between the U.S. and China is poised to escalate following the recent American elections, according to Moody’s Ratings. As the U.S. increases restrictions on investments in strategic sectors targeting China, global companies are increasingly looking to reduce their […]

Ratan Tata: A Visionary Leader Who Transformed India’s Business Landscape Dies at 86

Ratan Tata: A Visionary Leader Who Transformed India’s Business Landscape Dies at 86

A Legacy of Innovation and Growth Ratan Tata, the revered former chairman of the Tata Group, has passed away at the age of 86, as confirmed by the Tata Group in a statement late Wednesday. Tata’s leadership redefined the Indian conglomerate, propelling it onto the global stage with ambitious acquisitions and groundbreaking initiatives. A Compassionate […]

Salary Hikes on the Horizon: Positive Outlook for 2025

Salary Hikes on the Horizon: Positive Outlook for 2025, Good News for Employees as Salary Increments are Projected

As the year draws to a close, employees across various sectors are filled with anticipation for their annual salary increments. According to a recent survey by Aon PLC, the outlook for salary increases in 2025 is optimistic, promising better compensation for workers. The survey indicates that the average salary in India is expected to rise […]

A Retail Revolution: Tier II and III Indian Cities Set for Massive Expansion by 2029, The Emerging Retail Landscape in India

A Retail Revolution: Tier II and III Indian Cities Set for Massive Expansion by 2029, The Emerging Retail Landscape in India

According to a recent report by JLL India, Tier II and III cities are poised for an extraordinary transformation, with over 25 million square feet of new retail space expected to emerge by 2029. This expansion is not just a statistic; it represents a significant shift in consumer behavior, urbanization, and market dynamics across the […]

Luxury Homes Dominate India's Housing Market as Affordable Segment Struggles

Luxury Homes Dominate India’s Housing Market as Affordable Segment Struggles, Shift in Buyer Preferences Post-Pandemic

In the wake of the Covid-19 pandemic, India’s housing market has experienced a significant pivot towards luxury properties, leaving the affordable housing sector grappling with persistent challenges. Recent insights reveal that the affordable segment, particularly homes priced below ₹50 lakh, has been severely impacted by rising interest rates, escalating property prices, and dwindling supply. Affordable […]