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The average long-term US mortgage rate has climbed for the fifth consecutive week, reaching its highest level in nearly seven months and adding to affordability challenges for homebuyers during the crucial spring housing season, according to AP.The benchmark 30-year fixed mortgage rate rose to 6.46% from 6.38% last week, mortgage buyer Freddie Mac said. A…
The Court emphasized that creditors invoking the IBC must do so with a genuine intent to pursue revival of the corporate debtor. (AI image) The Supreme Court on 15.01.2026, clarified the scope of admission of insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), holding that once the existence of financial…
For most homebuyers, the house price is a crucial aspect to consider in the buying process. They need to then weigh the price of a house against its location. Investing in a prime location comes with its own set of pricing challenges with high-priced options, while buying a property in an underdeveloped area offers discounted…
The homebuyers also pointed out that possession in one case was accepted only due to urgent need. (AI image) In a significant judgment reaffirming consumer protection in housing disputes, the Supreme Court has held that homebuyers cannot be compelled to accept possession of flats without an Occupancy Certificate and that contractual clauses limiting compensation cannot…
A drop in US mortgage rates is offering early encouragement to prospective homebuyers ahead of the crucial spring homebuying season, even as borrowing costs continue to hover near the 6% mark.The average rate on a 30-year fixed mortgage declined to 6.01% this week from 6.09% a week earlier, mortgage buyer Freddie Mac said Thursday, AP…
Indore, widely known as the commercial capital of Madhya Pradesh, has seen a rapid development in real estate markets. The city has also topped the list of the cleanest city in India for eight consecutive years (up to 2025) in the Swachh Survekshan survey, which only shows the presence of strong governance. Backed by strong…
Almost ten years after the RERA Act, 2016 attention is increasingly moving from developers to the functioning of the regulator itself. (AI image) The Real Estate Regulatory Authority or RERA is in focus again. Recently, the Supreme Court made blunt observations about the role of RERA and its importance. The apex court remarked that the…
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of…
Today’s apartment buyers may own cars and require parking facilities, including EV charging points. Connectivity is another aspect that is in high demand, including easy access to public transport, robust internet connectivity, and proximity to essential services. Apartments that are future-ready, with facilities such as EV charging points and high-speed connectivity, are highly sought after…
RERA or the Real Estate (Regulation and Development) Act, 2016 was introduced to bring transparency and accountability to India’s real estate industry. Today it is an essential for homebuyers and investors. Among several major provisions under this Act, there’s one which talks about how developers must use the money they collect from homebuyers. Now this…
