Unveiling The Dark Side of Subvention Scheme
Subvention schemes, brings to light incidents of harassment, and analyses how fraud continues to exist in the market despite regulatory interventions such as the NHB decision to end subvention schemes.
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Criminal Liability in Subvention Scheme !!!
The criminal liabilities that may be invoked in a subvention scheme may vary depending upon the facts and circumstances of each case.
Subvention Scheme and The Risks Associated
Before signing on subvention agreement the buyers must read the agreement thoroughly to avoid any mishappening in future.
Complaint can be filed against subvention scheme violation under RERA
The RERA Authority has the power to decide and dispose of the complaints as RERA is the best and most expeditious remedy for homebuyers to get justice from the builder when they violate the subvention scheme and delays the possession.
Subvention Scheme: A Crisis for Homebuyers
A subvention scheme may end up to be a double-barreled if the developer fails to deliver the project on time, the burden of both rent and EMI will must be borne by the homebuyer.
Reply to Legal Notice under Section 13(2) of SARFAESI Act, 2002 Pertaining to Subvention Scheme
The banks are aware of the builder’s liability to make all the payments to the bank according to the signed agreement among the bank, builder, and buyer. Therefore, the banks cannot chase or harass the buyers for payment of due amounts under the SARFASI Act, 2002.
NHB asks housing finance companies to abstain from financing subvention schemes
The National Housing Bank (NHB) has asked housing finance companies (HFCs) to “desist from offering” loans for subvention schemes offered by developers.
Stuck in Subvention Schemes? Remedies under RERA
Subvention Scheme, which supports the home buyer financially to invest in a property. But are these schemes even benefitting the home buyers or causing great losses to them.
Resembling terms “Subsidy” and “Subvention” in Real Estate
“Subsidy” is a form of financial aid provided by the government. On the other hand, Subvention Scheme is a type of incentive provided by the developer of the project.
Rural Households Is a Part Of Easy Credit Scheme Launch By Government
The government is redrawing a micro-credit programme to help pull rural households out of poverty. The proposal is to lend up to Rs 1 lakh per family in the next three to five years, with the loans coming collateral-free and with subsidised interest rates.
Karnataka High Court orders for interim stay on the recovery of EMI from Homebuyers
The Karnataka High Court on 16.11.2021, allowed a deferment of all loan repayments, and directed the bank not to recovery the home loan and refrain from take any coercive action.
Filing of insolvency petition before NCLT by the Homebuyer- A Complete Analysis
In the year of 2016, a new set of laws as RERA Act have been implemented, specifically to protect the homebuyer and ensure the growth of real estate sector.
RERA – Real Estate Market Booster
The commission of RERA and thereby regulating the real estate sector has led to great transformation within the market.
Realty firms roll out discounts to woo buyers for under-construction projects
The push for under-construction projects comes at a time when most real estate firms are focusing on ready properties after implementation of RERA in May Mumbai: As home buyers switch preference to ready-to-move homes to escape tax on under-construction properties, builders have started rolling out discounts and promotions to lure them back. Buying properties under … Continue reading “Realty firms roll out discounts to woo buyers for under-construction projects”
Fraud by the Builders
This article is going to shed some light on the list of the frauds by the builders. These frauds have become the front pages’ news and buyers are now in fear that what if they face the same issue.
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