In what could be termed a major relief for developers and home buyers, the state government on Wednesday slashed infrastructure and basic amenities charges by 50 to 75 per cent across various categories of buildings. (more…)

Real estate developers cannot be fined for late delivery of possession of a flat to an allottee if no specific date of its delivery is mentioned in the contract, the apex consumer body has held. (more…)

Developers in the state of Gujarat are pressing for an industry status for realty sector. Issues like financial support from banks, transparency in functioning of revenue department and reforms in archaic concepts of development control regulations are now teething problems for the sector. (more…)

Indian property investors intending to sell could do well waiting for about six more months to get some added advantage, say experts. (more…)

Union Bank of India (UBI), today said that it has reduced interest rates on its housing and auto loans as a part of a festival offer. The public sector lender would now offer home loans at 8.50 per cent for the first three years and at floating rate linked to its benchmark prime lending rate from the fourth year onwards for loans up to Rs 50 lakh, a press release issued here said.