Budget 2021: Following three years of business disruptions due to GST implementation, demonetisation, the NBFC crisis, and the realty law RERA, the market had started stabilising only to be thrown out of gear again by the COVID-19 pandemic and the subsequent lockdown imposed in March

India's oil imports reach 3-year high in Dec 2020 at 5 million bpd India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally. SC ...

The threshold is the requirement that there should be at least 100 allottees or 10 per cent of the total allottees, whichever is less, to support an insolvency application against a real estate project

While bulk of the festival sales came from tier 2-3-4 markets, tier one and metro markets also did well; the upward trend is threatened by the fresh rise in COVID-19 cases

Niranjan Hiranandani, founder and managing director, Hiranandani Group, told Business Today that a large section of homebuyers in metro cities are helping the revival of sales

Manoj Gaur, MD, Gaurs Group and Chairman of Credai's Affordable Housing Committee said the move will provide much needed help at this moment of crisis for industry as a whole

The real estate sector has already been stressed by a lack of liquidity for both developers and buyers due to several factors including NBFC crisis

This development will provide a huge relief to over 20,000 homebuyers across various housing projects launched by Jaypee Infratech (JIL) in Noida and Greater Noida (Uttar Pradesh)

According to property consultant firm ANAROCK, about 5.76 lakh units, launched in 2013 or before across budget segments, are stuck in various stages of non-completion in the top seven Indian cities

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan

MCA Secretary Injeti Srinivas says there have been reports of misuse of the insolvency law by some homebuyers, who have now been given the status of financial creditors

\"It is a good time to buy your dream house because interest rates are at multi-year lows. After considering these tax deductions, the interest cost may come down even further,\" says Sudhir Kaushik, CFO, Taxspanner.com

Real estate sales are yet to pick up. The market is throwing up some great deals that you can go for

Recently, industry body NAREDCO mentioned the need for a 'stress fund' before Finance Minister Nirmala Sitharaman. If the government agrees to float such a fund, it could become the last-mile capital for large unfinished projects

Homebuyers body demanded creation of a Rs 10,000 crore stress fund to complete such projects and provide relief to these homebuyers.

While the current cut marks the fourth consecutive reduction in repo rate since February 2019, it has, thus far, not translated into any significant lending rate cuts

Indian real estate developers are in distress already; they are unlikely to venture beyond key cities