Real Estate industry will have to formalise itself: Arun Jaitley

By Accommodation Times Bureau NEW DELHI The Union Minister, Arun Jaitley in a written article on Friday he said, the new ordinance equates an “allottee” of a “real estate project” to be a person having a commercial effect of borrowing. After the President promulgated the IBC (Amendment) Ordinance, 2018, The official release from

RBI revises housing loan limits

By Accommodation Times Bureau NEW DELHI Reverse Bank of India (RBI) in a move to boost affordable housing segment, on Wednesday in a statement it said, RBI has decided to revise the housing loan limits under Priority Sector Lending (PSL). Priority Sector Lending is an important role given by the Reserve Bank of

Subvention Schemes – A Win-Win For All

By Mr.Kaizad Hateria, Brand Custodian & Chief Customer Delight Officer, Rustomjee Group Practically every new project being launched by real estate majors usually advertises a subvention scheme. Welcome to the new age way of buying a home – through subvention. For the uninitiated, subvention literally means ‘provision of assistance or financial

Redevelopment of Societies not subject matter of RERA

By Dr. Sanjay Chaturvedi LLB, PhD Muralidhar Mahadeo Prabhu V/s G A Builders Pvt Ltd.( CC00600000000-12265) Order dated 15th January 2018 The Complainant in his complaint has stated that he is the member of a Co-Operative Housing Society which is taken up for redevelopment by the Respondent. He alleged that the Respondent

Bajaj offers repayment flexibility on home loan

By Accommodation Times Bureau PUNE Bajaj Finserv through its lending arm Bajaj Finance Ltd is offering 3 EMI holiday, wherein the customers can opt to start the payment of EMI’s after three months of availing the home loan. In this period customers can divert the funds towards setting up their home and

IBC: Real Estate may lose funding

By Accommodation Times Bureau A recent high-level panel suggestion said the government that home buyers should be treated as financial creditors which allow them to equitably participate in an insolvency resolution process.  The 14-member panel was headed by headed by Corporate Affairs Ministry, has also suggested relaxations for Micro, Small and

PNB Housing Finance to raise USDA 1 bn through External Commercial Borrowings

By Accommodation Times Bureau NEW DELHI PNB Housing Finance via external commercial borrowing window it proposes to raise about Rs 6,500 crore to business expansion, it said. The PNB Housing Finance in a regulatory filing to the BSE it said, the board in its meeting has authorised to raise the funds through external