Browsing: Investigation

Headlines Uniform Builder Buyer Agreement, Uniform BBA, Model Builder Buyer Agreement, Supreme Court on Model Builder Buyer Agreement, Unfair Contract, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property News Portal, Best Real Estate News Website, Real Estate Journalists
Will Indian home buyers finally have Uniform Builder Buyer Agreement?

Uniform Builder Buyer Agreement (BBA) has been the demand of Indian home buyers for long. In the absence of it, while the home buyers were being harassed by the unscrupulous builders, the sector was at the receiving end of poor perception in the collective consciousness. Track2Realty evaluates whether a Model Builder Buyer Agreement will be a reality after the repeated interventions by the Supreme Court of India.

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Headlines
Is UP Government tightening the noose around erring builders?

The question here is why are these builders not executing registries even after obtaining the OC (Occupancy Certificate) & CC (Completion Certificate) from the authorities concerned. The fact is that these smart developers delay & often deny registries to the home buyers to get maintenance of society when it is not registered. They continue to charge hefty amount in the name of society maintenance. Add ot it, revenue that they get from inflated power bills. After the registry of the apartment, majority of apartments buyers are free to form AOA (Apartment Owners’ Association). 

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Headlines RERA Members, RERA, Real Estate Regulation Act, Real Estate Regulatory Authority, RERA Success, RERA Failures, RERA Judgments, RERA Non Compliance, India Real Estate News, Indian Realty News, Real Estate News India,India Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists
Is RERA a rehabilitation center of ex bureaucrats?

RERA is yet again under the scanner after the Supreme Court of India questioned whether it is a rehabilitation center of ex bureaucrats. The functioning and performance of RERA, or rather lack of it, has been challenged at each and every level in now nearly 8 years of its existence. A Track2Realty report. Wait! I am not giving any opinion. My opinion is already there in the public domain. Now the Apex Court in the country, the Supreme Court of India is saying so. I have always maintained that the very purpose of RERA was defeated when the ex-Bureaucrats were made the Chairman and members.

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Headlines
Diwali 2024 over and so is optimism of Indian real estate

How was the festive season for property market this year? The answer depends upon whom are you addressing the question. For the large universe of the developers, it was worse festive season in the last 5-7 years. But for a few select listed developers, the fortunes are different. The ground reality of the market is that Diwali fireworks was definitely missing for Indian real in 2024, despite over optimism and influence peddling ahead of the festive season. Track2Realty analysis.

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Headlines USA Housing Market
US Housing Market slowdown a worry for India?

The report of an impending housing recession in the US housing market is a worrying factor for a section of analysts in India. As per the reports coming out of the US market, the pricing remains firm but the sales have slowed down. As per a report by the NAR (National Association of Realtors), the home sales have slowed down for six consecutive months in July. Track2Realty reports.

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Headlines Construction Workers, May Day, International Labour Day, Labour Shortage, Labour Crisis, Labour Wages, Cost of Labour, Masonry, Carpenters
Will Labour Day be any different this year?

Shankar Mishra is a masonry worker at a construction site in Bengaluru. During the peak of the Covid-19, he was one among the thousands of workers who had no other option but to reverse migrate facing all odds. He thought at that point of time that his career as a mason worker was over. However, he had the surprise of his lifetime when the developer’s construction manager called him back and even offered to send a flight ticket for the same. Track2Realty traces the labour condition post the pandemic.

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Headlines NCLT, National Company Law Tribunal, Ansal API, Litigation, NCLAT
Ansal Properties & Infra goes into insolvency by NCLT

The National Company Law Tribunal (NCLT) has agreed to initiate insolvency proceedings against real estate developer Ansal Properties & Infrastructures (Ansal API).  The petition for the same was filed by 126 flat buyers of one of the company’s housing projects called “The Fernhill”.

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Headlines Adani Realty, DB Realty, Sobha Limited, Godrej Properties, Real Estate mergers, Real Estate Acquisitions, Adani Realty Buys DB Realty
Will Adani Realty carry the baggage of tainted DB Realty?

The reports of Adani Realty merger with DB Realty has taken market analysts by surprise. According to the sources close to the developments, this is Adani’s bid to get into listed realty companies’ portfolio. However, the larger question that only Adani Realty can answer is that to what extent would the giant carry over the baggage of the tainted DB Realty. The memories of Godrej Properties announcement to join hands and getting market backlash of shareholders are still fresh in public memory. A Track2Realty analysis.

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Headlines China Real Estate, China Property Market, China Property Crisis, Mortgage Ban, Mortgage Boycott, Housing EMI
Does China’s ‘Mortgage Boycott’ have any lessons for India?

Buy a house with mortgage and then get so frustrated with the delays that you just stop paying the EMIs. This sounds funny, illegal and outrageous, but has already started trending in the world’s largest property market of China. The global property markets in general and susceptible markets like India in particular are watching the developments in the neighbourhood with a hope & prayer that such unpleasant events should not confront them. A Track2Realty analysis.

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Headlines Real Estate in 2022, 2021 Indian Real Estate, Property Market Yearly Forecast, Future of Indian Real Estate
2022 to be year of top realty brands at the cost of smaller developers

2021 was expected to be the year of recovery for the Indian real estate that weathered the black swan of Covid in the preceding year.  Throughout the year the developers put up a brave face and the industry data of the top listed developers was enough to keep the prophets of doomsday in silence. However, the closer look at the sector and the large universe of the developers raises more questions than what it could answer during the turbulent year. Track2Realty looks in to look ahead.

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