In a relief to lakhs of aggrieved homebuyers who are forced to wait for possession of their flats for years, the apex consumer commission has quantified a time period of one year for delayed projects beyond which investors can claim refund from builders. Judicial forums, including Supreme Court and consumer courts, have repeatedly held that…
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Subsidy of over Rs 12,000 crore has been disbursed to home buyers till March under the government’s Credit Linked Subsidy Scheme, the Union Housing and Urban Affairs Ministry has said in reply to an RTI query. The Pradhan Mantri Awas Yojana (Urban), launched by Prime Minister Narendra Modi in June 2015, aims to ensure “housing…
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The introduction of the Real Estate Regulatory Authority (RERA) Act on May 1, 2017, by the Parliament of India, came as a welcome move for Indian home-buyers, giving them the means to address pertinent issues such as project delivery delays, property pricing, quality of construction, and title and other changes. The Act was established with…
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If your annual income is up to Rs 18 lakh, you can now avail of Rs 2.3 lakh up front interest subsidy even for buying a 2,100 sq feet flat or house with three or four bedrooms. The housing and urban affairs ministry on Tuesday increased the carpet area of houses eligible for interest benefit under the PM Awas Yojna (PMAY)…
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Objective of this portal is to promote affordable housing scheme launched by Central govt of India to provide housing for all by 2022 under Pradhan Mantri Awas Yojana and Deen Dayal Awas Yojna scheme. Home Buyers can search and get information on affordable Housing projects in Gurgaon, Sohna, Faridabad and other cities of Haryana.
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