RealEstateNewsBox

Considering the process of declaration of JP Group Builder's bankruptcy, flat buyers have now made a plea in the Supreme Court for justice. For more than 30,000 investors booked flat in JP Infratech, the September 4th coming next month may be important. The Supreme Court will hear the petition filed on September 4 by flat buyers.

Like some other developers like Noida-Greater Noida's major real estate developer JP Infratech, there is a fear of bankruptcy. At such a time, the worry of home buyers who have stashed money on the projects of these developers is that what will happen to them if developers have become bankrupt now? At a time when the government is giving confidence to the buyers, the Home Byers have also been relieved from the decision of the Insolvency and Bankers Board of India (IBBI). According to this, home buyers can claim recovery from Insolvency Resolution Professional, like other creditors, when the builders go into the bankruptcy category. The National Company Law Tribunal (NCLT) has started insolvency proceedings against Jaypee Infratech. It can also start insolvency process on other default builders.

'Rent to Own' Home Scheme for Government employees coming soon, HUDCO will give loan. So far, the government employees remain in the government flat for the job, but after retiring they have to leave the flat, but now it will not be so. The Modi government is bringing a scheme which will allow government employees to pay rent for a fixed period and after that the house will be theirs. This 'Rent to Own' scheme has been prepared by the Ministry of Housing and Urban Affairs. HUDCO (Housing and Urban Development Corporation Limited) has been entrusted with the responsibility to provide government departments with loan under the scheme so that the government departments come forward to build a house for their employees.

E-Auction of Sector 9A Gurugram residential plots will start at 9:00 am on 13.08.2017. Plot sizes are 1 KANAL, 14 Marla, 10 Marla, 8 Marla and 2 Marla. So, hurry to register for e-auction of your dream land in Sector 9A Gurgaon. You can find the Brochure containing detailed Terms and Conditions of Sector 9 A e-Auction on the website www.huda.org.in & portal https://haryanaeprocurement.gov.in PORTAL FOR E-AUCTION : The e-auction portal you can access through - https://haryanaeprocurement.gov.in and website www.huda.org.in

Jaipur : The housing society will now give 100% discount on the interest and penalties for the monthly installment of the housing allocated to the economically weaker (EWS) and the lower income group (LIG), the outstanding lease amount for one lump sum.