New property tax will affect the property transactions adversely. The builders say that the new property tax is wrongly assessed. Under the new property tax, Babu Naik will have to pay an additional of Rs.7000 per year. When he questioned the civic body officials, they explained to him that the value of his property has […]
January 22, 2013 – 7:45 pm
Finally PMO decided to step in to speed up the Real Estate Regulatory Bill. PMO ordered both the warring ministries to solve the issues and implement the bill soon. PMO asked both; – the Ministry for Housing and Urban Poverty Alleviation (MHUPA) And the Ministry for Urban Development; to pace up the implementation of the […]
November 17, 2012 – 6:53 pm
Andhra Government has recently launched online approval system for real estate buildings. The Apex body of the developers- CREDAI penned it down as highly appreciable real- estate-reformation. Single window system for approving real estate projects will speed up the delivery. Confederation of Real Estate Developers’ Association of India had earlier blamed the red-tapism and corrupted […]
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, […]
The much-awaited regulatory Bill for the real estate sector is still a long way off. The draft Real Estate Regulation Bill will not be tabled during the current session of Parliament, a senior official in the Ministry of Housing and Urban Poverty Alleviation has confirmed. For many years, the Bill was in making and was […]
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, […]
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 […]
Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]
By skgupta
|
Posted in Property News
|
Also tagged CEO-residential services, diamond city, director of planning, Harshil Daliwala, Jivan Patel, JLL, Jones Lang Lasalle, Om Ahuja, Real Estate, SNS Builders, Surat, Surat Municipal Corporation, Tarun Rawal
|
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 […]
By skgupta
|
Posted in Property News
|
Also tagged BDA, Bhubaneswar Development Authority, Confederation of Real Estate Developers Association of India, D S Tripathy, developers, EWS houses, Odisha, policies, Real Estate, Realtors, state government
|
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 […]
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 […]
By skgupta
|
Posted in Property News
|
Also tagged 20% Reservation, Confederation of Real Estate Developers Association of India, economically weaker sections, EWS, Hemant Naiknavare, Private Developers, Pune Metro, Rajeev Awaas Iona, realty sector, state government, Town Planning Department, TPD, Urban Development Department, Vice President
|
August 12, 2009 – 7:13 pm
According to CREDAI, real estate sector is picking up in both residential and commercial sector. Both real estate sectors are getting more and more enquiries. Along with enquiries, demand in both sectors has also increased. However, there are various major and minor factors behind this, but two major factors are, affordable housing concept and reduction […]
January 3, 2009 – 3:07 am
Members from the Confederation of Real Estate Developers Association of India (CREDAI) will be meeting the RBI Governor D Subbarao next week to demand more Government support for the struggling real estate sector. The developers are likely to push for lower interest rates and restructured debt for the developers. Speaking to The Indian Express, Pradeep […]
By
|
Posted in Property News
|
Also tagged Confederation, Financial Institutions, Government Support, Home Loan Mortgage, Housing Schemes, Income Housing, Indian Express, Liquidity, Loan Borrowers, Moratorium Period, Mortgage Interest Rate, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Townships
|
November 29, 2008 – 4:26 am
The Orissa episode of the Credai has decided to reduce prices of their forthcoming housing projects by 5-10% in the coming 2 months in the wake of fall in raw material prices. The strategy comes close on the heels of a call given by Credai to more than three thousand of its members in the […]
By
|
Posted in Property News
|
Also tagged Affordability, Bhubaneswar, Cdp, Economic Slump, Estate Projects, Heels, Housing Developers, Housing Projects, Iit Kharagpur, Members, Mohammed, Orissa, Present Population, Raw Material Prices, Residential Purposes, Residential Real Estate
|
November 21, 2008 – 12:01 am
Real estate companies seem little inclined to listen to the government’s call to reduce prices. Even as realty firms such as DLF, Parsvnath and Emaar MGF demand rollback of taxes, they are reluctant to commit any price cut. An association of developers, Confederation of Real Estate Developers Association of India (Credai), has asked member developers […]
By
|
Posted in Property News
|
Also tagged Confederation, Delhi Chapter, Economic Sentiment, Emaar Mgf, Home Buyers, Parsvnath Developers, Pradeep Jain, Real Estate Developers, Real Estate Developers Association, Real Estate Sector, Realty Cos, Realty Firms, Residential Market
|
November 14, 2008 – 1:23 am
Finance minister P Chidambaram assured real estate developers that government will impress upon banks to accelerate lending to realty, which is facing one of the worst slowdown in the recent times. A delegation of builders under the Confederation of Real Estate developers’ Association of India (CREDAI), met Chidambaram on Wednesday to complain against banks’ reluctance […]
By
|
Posted in Property News
|
Also tagged Affordability, Confederation, Delegation, Emi, Estate Assets, Finance Minister, Home Loan, Liquidity, P Chidambaram, Real Estate Developers, Real Estate Developers Association, Real Estate Finance, Slowdown, Steep Rise, Weightage
|
November 3, 2008 – 1:46 am
With banks reluctant to lend to the real estate sector, developers are looking at alternative instruments of funding such as lease discounting for completing ongoing projects, especially the commercial ones. The sector, which has been hit by the global financial crisis, has seen more than a 60% fall in demand in the last six months, […]
By
|
Posted in Property News
|
Also tagged Allahabad, Bank Loans, Chamaria, Commercial Projects, Global Financial Crisis, Lease Agreements, Ongoing Projects, Psu Banks, Real Estate Developers, Real Estate Sector, Realty Companies, Residential Projects, Sbi Capital Markets, Sources Of Funding, Uco Bank
|
With inflation touching 12.98%, realtors here are finding it difficult to hold their price line and plan to increase rates for residential units by Rs 100-500 per sq ft later this month. According to Confederation of Real Estate Developer’s Associations of India (Credai) Bengal, there has been a 25% increase in the construction cost of […]
By
|
Posted in Property News
|
Also tagged Construction Cost, Direct And Indirect Taxes, Estate Space, Inflation, Prime Minister Manmohan Singh, Real Estate Developer, Registration Charges, Residential Buildings, Residential project, Residential Units, Rungta, Stamp Duty, Steel Companies, Steel Makers, Steel Prices, West Bengal
|
KOLKATA, April 23: With the real estate boom in the country, St Xavier’s College in alliance with CREDAI(Confederation of Real Estate Developer’s Associations of India), Bengal is planning to launch a one year post graduate diploma course in real estate management very soon. The college previously runs a six-month certificate course on real estate management. […]
Mumbai Real estate developers on Friday demanded an inquiry into the rise in steel prices and warned that if the prices were unchecked, plans for the Commonwealth Games 2010 would be hindered and would hit the residential construction business. Members of the Builders Association of India (BAI) met here and sought a probe by the […]
Latest Properties