This week in Personal Finance: Jaypee insolvency rattles homebuyers – Money Perception

The big development over the week has been on the real estate front. In a move that would worry homebuyers, one of the large developers, Jaypee Infratech was declared insolvent by the National Company Law Tribunal (NCLT), causing ripples.

Being declared insolvent means the developer would be able to avoid the stringent provision of the new Real Estate (Regulation and Development) Act 2016 (RERA).

Is there a likelihood of more developers seeking insolvency given the large debts that some of them have piled up over the years? Earth, Era and Gardenia have expressed their inability to pay up their debts. Read if companies declared insolvent will be out of the RERA ambit.

If you are one of the 40,000 unfortunate buyers who are stuck with a home in a Jaypee project, what can you do now? You may be in various stages of your loan repayment. What should you do with your remaining instalment payments? Should you continue to stop paying your EMIs? These are some of the basic questions that you must be asking. In our story, we tell you what could be the fallout if you choose to stop EMI payments to banks and whether you should do that at all.

On the markets front, it has been a tense time with global development such as the Indian-China standoff at Doklam and tension rising between US and North Korea. As an investor you must be worried what you should do with your investments. If you have been investing in mutual funds through systematic investment plans (SIPs) you must be wondering how to go about planning your investments. Mutual fund investors, especially the first timers who invested in equity funds may be a bit uncomfortable. In our story, we tell you the steps you should take to reduce your anxiety.

If you are using your credit card, you need to be cautious not to overspend and keep your repayments to within your abilities. A credit card is a good way to manage your finances and your expenses. In our story, we inform you on ways to make the most of your credit card while at the same time using it to manage your finances well.