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Builder insolvency delays your flat possession? Know how the new IBBI amendment can protect homebuyers
The Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules with the aim of giving relief to specified homebuyers who are stuck in projects where the builder has gone insolvent. This amendment says that now, if there is a viable project built by a builder who is under the insolvency process, then this viable project won’t be included in the insolvency process if it gets the majority votes.
Dollar gains traction as Fed speakers warn of risks from inflation
The US dollar is holding onto gains following a stronger-than-expected inflation report. Federal Reserve comments indicate potential rate hikes to address ongoing inflation concerns. Market expectations are shifting, with traders anticipating a rate hike at the upcoming policy meeting. The yield on the US 10-year Treasury bond has also increased, reflecting market sentiments. Cryptocurrencies like bitcoin and ether are trading near three-month lows amidst these developments.
Persistent Systems techie quit her job and gave herself one year to set up a cake business in Goa. And she succeeded
Goa's Namrata Khandeparkar quit her high-paying Module Lead job at Persistent Systems after finding corporate life creatively unfulfilling. A computer engineer, she gave herself one year to turn baking into a business. Starting with workshops in a rented flat, she reinvested her earnings and built a customised cake business featuring creative designs.
Beyond K-Pop Merch and concerts. Another K-activity is drawing tourists in South Korea. This one can help you lose 400-800 calories per hour
South Korea has become a favoured location not just for K-pop and K-drama admirers but also for hiking lovers. In addition to purchasing K-pop goods and wearing traditional Hanbok for pictures, a growing number of visitors are uncovering another facet of the nation by exploring its picturesque urban mountains and their rough natural scenery.
Kolkata techie allegedly murdered by live-in partner and her mother after a fight; police probe case
A 25-year-old software engineer was found dead in his rented flat in Kolkata's Garia area after an alleged late-night altercation. His live-in partner and her mother have been arrested. Here's how the incident came to light, what neighbours reported and what police are investigating.
445 Delhi DDA flats are on sale at a starting price of Rs 43 lakh, registration has started; check locations and booking amount
Delhi Development Authority has launched the Khushhaal Pariwaar Yojana 2026, offering 445 MIG flats in Loknayakpuram, Jahangirpuri and Narela. Registration starts on November 6, with bookings opening November 16. Prices range from approximately Rs 43.36 lakh to Rs 1.19 crore, depending on the location and flat.
Delhi sees luxury housing boom as developers bet on high-rise gated communities
The luxury real estate sector in Delhi is witnessing a notable uptick as homebuyers show heightened interest in upscale flats and secure communities. Recently, the NBCC achieved remarkable sales of luxury units in Chanakyapuri, surpassing their initial price expectations. Meanwhile, major developers such as DLF and TARC are set to unveil innovative residential projects, maximizing redevelopment opportunities in key urban areas.
Kalpataru confident of achieving ₹6,500 crore pre-sales target in FY27, says CFO
With a pre-sales target of ₹6,500 crore for this fiscal year, Kalpataru is navigating through the current market landscape. Although sales bookings remained stable at around ₹2,600 crore in the initial half, the housing demand shows resilience against global uncertainties. The CFO is confident about a strong second half, anticipating a surge in sales due to festive season activities, having recorded ₹5,280 crore in the last fiscal year.
Nine rescued after ceiling slab collapses in Thane building
On Sunday morning in Thane, a ceiling slab of a flat collapsed, trapping residents inside. Rescue operations involving the fire brigade and local police quickly followed, ensuring safety for all trapped individuals. Nine residents, including an elderly couple, were successfully brought out unharmed after the incident. The collapse occurred in a four-storey building known as Ganraj Society located in Vartak Nagar.
Cars to clogs: Dhanteras brings out best retail day of year; takes festive value sales up 20%
Buoyant festive demand in Dhanteras, India’s largest sales period, will be a relief to companies and retailers as it comes in the backdrop of deficient monsoons, high food inflation, volatility in IT sector employment, continued geopolitical uncertainties and risks of El Niño weather conditions.
Jewellers report brisk Dhanteras sales as gold price drop lures buyers; volumes seen flat
Volumes, however, are likely to remain roughly flat from a year earlier because prices are still well above last year's levels, said Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council (GJC).
Malayalam actress Athulya Chandra, 2 others arrested in Kerala: Doctor alleges being lured to Kochi flat, beaten up; gadgets worth Rs 3.25 lakh stolen
Malayalam actress Athulya Chandra and two others have been arrested in Kerala after a doctor accused them of luring him to a Kochi flat and assaulting him. He alleged that the group stole gadgets worth Rs 3.25 lakh. Twelve people have been named in the case, while police investigate the motive and possible honey-trap angle.
How to save money on gold jewellery making charges: Understand these basics to get the best deal this Dhanteras
Jewellers calculate gold jewellery costs based on the purity and making charges that vary greatly. Flat-rate and percentage making charges can lead to significantly different total costs. This is why you should compare the complete pricing that includes gold value and applicable charges. Promotional offers such as discounted making charges need careful evaluation to ensure value. Know how you can to save on making charges this Dhanteras.
Is a home loan a guarantee of a clear title to the property? The answer may surprise you; here is what you need to know
Prospective homebuyers should exercise caution by thoroughly examining property titles prior to their purchases. Legal professionals warn that banks' verification methods often fall short when it comes to uncovering potential disputes related to property titles. Since India lacks an implied warranty law, the onus of title verification rests solely on the buyers. It’s advisable for homebuyers to seek independent legal advice to ensure the property title is unambiguous.
US midterm elections: Gems & jewellery industry keeps its fingers crossed
India's gems and jewellery industry is optimistic about a potential trade agreement with the United States. Industry leaders believe that a trade deal could enhance export competitiveness and safeguard jobs. The anticipated agreement follows the Democrats' recent success in the US midterm elections. Concerns remain regarding job losses in Surat if tariffs and trade uncertainties persist. Revenue for India's natural diamond industry is projected to remain flat this financial year.
Gold price correction to lift Dhanteras sentiment, but sales volumes likely to remain flat: Jewellers
The decline in gold prices is expected to boost demand this Dhanteras, All India Gem and Jewellery Domestic Council (GJC) Chairman Rajesh Rokde told.
Rupee ends flat at 94.90 despite fall in oil prices
The Indian rupee closed at 94.90, witnessing a range from 95.03 to 94.69. Market participants remained on edge with the US midterm elections looming, impacting overall sentiment. Despite falling oil prices and a weaker dollar, there was an uptick in dollar demand. Notably, Foreign Portfolio Investors turned net buyers, purchasing ₹3,114 crore, lending slight support to the rupee.
J Estates partners with Emoha for senior living project in Gurugram
Gurugram-based J Estates is collaborating with Emoha to develop J 36, a senior living project in Sohna. This initiative aims to integrate residential design with elder-care services for residents and their families. The project will feature 190 units with various apartment configurations and an estimated sales potential of Rs 525 crore. Emoha will contribute its expertise to enhance the resident experience through community support and wellness programs.
85 homebuyers purchase flats in Ghaziabad society, two towers illegally constructed on defence land face demolition, Allahabad HC orders builder to refund residents with 10% interest
Allahabad High Court has ordered the demolition of two illegal 10-storey towers at Ghaziabad's Gulmohar Greens and extra floors in four other towers. It directed an FIR against Friends Land Developers, imposed a Rs 25 lakh penalty and ordered refunds to 85 ground-floor residents for common areas sold illegally, with 10% interest.
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