Tag: Confederation of Real Estate Developers Association of India

Will CREDAI, Fire Department MoU work?

May 17, 2012 – 6:50 pm

Announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. While an industry expert questioned how “credible” would the entire process be, […]

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Property prices hiked in Coimbatore

April 24, 2012 – 11:34 am

The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, […]

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Realty Industry Welcomes Rate Cut

April 18, 2012 – 5:09 pm

The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]

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Realtors upset with policies of BDA.

April 7, 2012 – 1:53 pm

The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]

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‘Simplify Procedures, Introduce Land Reforms’-Credai

April 2, 2012 – 1:52 pm

Simplify administrative procedures, introduce land reforms and changes in banking and taxation systems is the way to increase construction of houses, according to Mr Lalit Jain, National President of Confederation of Real Estate Developers Association of India (CREDAI). The developers have decided to make a representation to the Central Government on the issue of administrative […]

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EWS 20% Reservation will take time, Says Realty Sector.

March 29, 2012 – 1:26 pm

The realty sector is at loggerheads with the state government after a directive by the Urban Development Department to private developers that they reserve 20 per cent of plots and tenements for the economically weaker sections (EWS). The move is being opposed not only by individual developers but also by the Confederation of Real Estate […]

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