Tag: Home buyers

Shree Siddhi Vinayak Realtors’ promoter who duped buyers of Rs 400 crore arrested

NEW DELHI: A 36-year-old man, who had duped many homebuyers and absconding since last year, was arrested at Kochi airport in Kerala while trying to flee to Maldives, police said on Monday. The accused, Harender Tomar, a resident of Dwarka, had cheated homebuyers in the name of land pooling policy of the Delhi Development Authority […]

NAREDCO announces Zero Stamp Duty for home buyers on its members project in Maharashtra

NEW DELHI: Bringing back the homebuyers into the State’s residential real estate sector, NAREDCO Maharashtra has announced yet another spell of zero- stamp duty on housing sales until 31st December 2020. The decision will allow more homebuyers to buy affordable and luxury residential properties at the lowest ever prices during the pandemic. Over 1,000 NAREDCO […]

Rudra Group promoter Mukesh Khurana held for duping home buyers

NEW DELHI: The Noida Police have arrested Mukesh Khurana, the promoter of Rudra Group, after an FIR was registered against him for allegedly duping home buyers. Khurana, who has several projects in Delhi-NCR, was arrested following an FIR registered by a home buyer Sunita Singh in relation to Pavo Real Project of M/s Rudra Buildwell […]

India plans common platform for RERA of all states,Union Territories; move to help buyers

NEW DELHI: The government of India  has planned to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and Union Territories (UTs), a move which will provide an opportunity to home-buyers, builders and authorities to exchange views. Announcing the government’s plan here, Housing and Urban Affairs Secretary Durga […]

National Housing Bank provides $463 million subsidy to low income home buyers

BY: Chris Thomas BENGALURU: The National Housing Bank (NHB) said that it had provided an interest subsidy of 32.70 billion rupees ($463.3 million) to more than 143,000 households up to November 28 this year. The subsidy, which was given for the first five months of 2018-2019 financial year, is part of a government initiative aimed […]

PMAY subsidy: HDFC disburses Rs 1,100 crore to 51,000 home buyers

NEW DELHI: Housing finance firm HDFC said on Sunday it has disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government’s flagship scheme Pradhan Mantri Awas Yojana (PMAY). HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme (CLSS), to these customers belonging to EWS (Economically Weaker Section), […]

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