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Dushyant Singh, Director, Orion One 32, said “By refraining from rate adjustments, the central bank aims to provide stability while incentivizing banks to offer attractive home loan packages, thereby revitalizing the housing market.”
Budget News: The real estate sector is expecting positive impacts from the upcoming Budget 2024. Despite challenges like elevated input costs and increasing interest rates, the industry is optimistic about the recovery observed in 2023.
Gurgaon: DTCP director general TL Satyaprakash said he has given directions to officials in the city to take steps to resolve the issues of homebuyers who purchased flats at projects linked to developers Mahira Homes, Ocean Seven Buildtech (OSB) and Orris Infrastructure.
However, the developer — Orris Infrastructure — said some of the homebuyers have approached the Supreme Court in the matter and it is pending consideration.
The Principal Bench of the National Company Law Tribunal (NCLT) was hearing the plea for initiating insolvency against Orris Infrastructure over an alleged default of Rs 3.60 lakh.