Browsing: Investigation

Headlines Defaulter Builders, Defaulter Builders of UP, Defaulter Builders of Noida, Defaulter Builders of Greater Noida, Defaulter Builders of Gautam Buddha Nagar, Property Scam, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property News, Best Property Portal, Best Real Estate Website, Real Estate Media, Real Estate Journalists, Property Journalists
Will sealing offices of defaulter builders change housing realities?

Track2Realty had only recently exposed Rudra Buildwell for deserting its group housing project Rudra Palace Heights at Greater Noida West. Around 1000 home buyers hard-earned money has been siphoned off and they have now taken the matter to NCDRC. After Track2Realty expose, builder promised the home buyers to get OC by 15 May, and this May 15th was no other year but 2025 itself. Will you get OC? Without the project being in habitable condition? It was builder’s bluff or over-confidence to manage the system and get OC?

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Headlines RERA India, RERA 8 Questions, RERA 8 Years, RERA Eight Years, Real Estate Regulator, Real Estate Regulation & Development Act, RERA Success, RERA Failures, RERA Realities, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property News, Best Real Estate Portal, Best Property Portal, Real Estate Media, Real Estate Journalists, Property Journalists
8 years of RERA & 8 burning questions

RERA statistics of cases resolved vis-a-vis the ground reaities of average home buyers are in sharp contrast.  The home buyers are not confident with RERA because RERA has not changed the home buying experiences of the buyers. What an average home buyer looks up to RERA is an assurance; where RERA registration number means a due diligence platform. If an average home buyer even today is being blamed for not doing his own due diligence then it is quite obvious that one would question the very existence of RERA. For an average buyer the government agencies that sanction the projects and the banks that finance the project failed to act as the custodian of due diligence. That is why RERA came into existence, at least one thought so. But RERA registered projects are today neither guarantee of timely delivery with promised amenities, nor assurance against cheating. RERA registered project means as much today as the advertised membership with any trade body like CREDAI.

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Headlines
Will NCDRC Class Action Suit change broader housing realities in India?

Class Action Suit is a common case where the petitioners come together to file a joint case and are referred as “Class”. The condition here is that all the petitioners seek common relief. In legal terms, the case is advertised for the “class” to join, if they are aggrieved. In the case against Tirupati Balaji Builder, the NCDRC has granted refund with interest to all 232 home buyers as the project was not delivered. In India, Class Action Suit came into public discussion after a group of petitioners used this legal route against cheating with gold, and the court ordered compulsory Hallmark stamp. 

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Headlines Real Estate Outlook 2025, Real Estate Forecast 2025, Home Buyers in 2025, Property Market in 2025, Home Buyers' Survey, Home Buyers' Outlook, Housing market Affordability in 2025, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalist, Property Journalist
Affordability curve tilted against home buyers in 2025

On a scale of 0-100, the Housing Sentiment Index has been noted to be just 18; with 82% Indians categorically believing that housing is just not affordable to them. A vast majority of them, as many as 80%, believe it would take no less than 10 years of their gross income to afford a house in any of the leading Indian cities. The global benchmark is 5 years of gross income with not more than 40% of take-home salary. But 78% Indians believe it would take no less than 60% take home salary to buy a house in India.

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Headlines
Questions that will define Indian real estate in 2025

The outlook of the Indian real estate on the eve of 2025 could confuse any neutral analyst. But for the insider analysts who are actually stakeholder-cum-expert, it is like another new year with hopes and promises galore. The stakeholders are so upbeat that all the industry reports are projecting a bullish upcycle to continue for the next few years, thus taking Indian real estate to a valuation of $10 trillion by 2047. Track2Realty finds that the ground reality for a commo0n man looking for a house in his affordable budget stands in contrast.

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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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